Core Viewpoint - The report from Western Lide Fund indicates the termination and liquidation of the Western Lide Growth Selected Flexible Allocation Mixed Securities Investment Fund, which was established on June 2, 2015, with a total fund share of 207,128,865.11 shares [1] Fund Termination and Liquidation - The fund's contract was officially terminated following a vote by fund shareholders on October 17, 2025, with the last operational day being October 19, 2025, and the liquidation process commencing on October 20, 2025 [1] - The cumulative net value of the fund as of the last disclosure on October 17, 2025, was 1.8366 yuan, reflecting a cumulative return rate of 83.66% [1] Fund Management - The fund has had multiple managers, with Zhou Ping taking over management on December 18, 2024. Zhou Ping has a background in auditing and asset management, having worked at PwC and CITIC Capital Asset Management before joining Western Lide Fund in December 2020 [4] - Zhou Ping currently manages nine funds, with two mixed funds showing slight losses after over three years of management [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]