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]

Group 1 - The core viewpoint of the news is the disclosure of shareholding information for Junzheng Group, indicating significant institutional interest and changes in public fund holdings [1][2] Group 2 - As of April 25, 2025, a total of 210 institutional investors hold shares in Junzheng Group, with a combined holding of 2.674 billion shares, representing 31.69% of the total share capital [1] - The top ten institutional investors collectively hold 30.27% of the shares, with a decrease of 1.09 percentage points compared to the previous quarter [1] Group 3 - In the public fund sector, three funds increased their holdings, accounting for a 0.34% increase, while five funds decreased their holdings, resulting in a 0.15% decrease [2] - A total of 196 new public funds were disclosed this period, with notable mentions including various low-volatility dividend funds [2] - Nine public funds were not disclosed this period, indicating a shift in the investment landscape [2]