Core Viewpoint - The report from Western Lide Fund indicates the termination and liquidation of the Western Lide Selected Stock Fund, which was established on January 23, 2017, with a total of 200,125,973.37 fund shares [1] Fund Termination and Liquidation - The fund's shareholders approved the termination and liquidation proposal on August 14, 2025, with the last operational day being August 15, 2025 [1] - The fund entered the liquidation process on August 18, 2025 [1] Fund Performance - As of the last disclosed net value on August 15, 2025, the A share had a cumulative net value of 1.3525 yuan and a cumulative return of 33.95% [1] - The C share, established later on August 9, 2021, reported a cumulative return of -35.78% [1] Fund Management - The fund was co-managed by Zhou Ping and Chen Yuanhua, both of whom have extensive backgrounds in finance and fund management [4] - Zhou Ping has experience as an auditor and analyst, while Chen Yuanhua has worked as a financial engineer analyst [4]

Core Points - The report from Western Lide Fund indicates the termination and liquidation of the Western Lide Selected Stock Fund, effective from August 15, 2025, following a resolution passed by the fund's shareholders [1] - The fund's total share amount at inception was 200,125,973.37 shares, with a subscription fund interest equivalent to 36,009.25 shares [1] - The A share of the fund reported a cumulative net value of 1.3525 yuan and a cumulative return of 33.95% as of the last disclosure on August 15, 2025, while the C share, established later, showed a cumulative return of -35.78% [1] Fund Management - The fund was co-managed by Zhou Ping and Chen Yuanhua, both of whom have extensive backgrounds in finance and fund management [4] - Zhou Ping has held positions at PwC and CITIC Capital, and joined Western Lide Fund in December 2020, becoming the fund manager in March 2022 [4] - Chen Yuanhua previously worked at CITIC Securities and joined Western Lide Fund in May 2020, becoming the fund manager in September 2021 [4] Fund Performance Comparison - The report includes performance data for various funds managed by Zhou Ping and Chen Yuanhua, showing their respective returns compared to industry averages [6][7] - For instance, the Western Lide Growth Selected Mixed Fund had a return of 15.01% over a year, while the industry average was 43.54% [6]