Overview - Hunan Development Group Co., Ltd. and Guokai Financial Co., Ltd. are shareholders of Kaiyuan Development (Hunan) Fund Management Co., Ltd., with Guokai Financial holding 60% and Hunan Development holding 40% [1] Progress Update - All managed funds of Kaiyuan Development have completed their exit, and the company has decided to terminate its operations, ceasing to manage private equity investment funds, equity investment projects, and providing investment consulting services [1] - Kaiyuan Development will conduct personnel placement work in a legal and compliant manner, and will proceed with liquidation after reaching a consensus among shareholders within the year [1]