Core Viewpoint - The announcement from Caitong Securities Asset Management Co., Ltd. regarding the departure of Ma Hang from the fund management position highlights changes in leadership within the company and its impact on the fund's performance [1] Company Summary - Ma Hang has left the position of fund manager for Caitong Asset Management Hongrui 12-month open-end bond fund, having joined the company in March 2020 and previously worked at Guotai Junan Securities Co., Ltd. [1] - The Hongrui 12-month open-end bond fund A/C was established on August 10, 2018, and has reported a year-to-date return of 0.22% and 0.18% for its respective classes [1] - Since its inception, the fund has achieved a cumulative return of 42.77% and 38.54%, with net asset values of 1.3983 yuan and 1.3591 yuan for the two classes as of January 30, 2026 [1]