Fundo Misto de Seleção Privilegiada da Era Dongcai - Liquidação

China Economic Net Beijing, 20 March — Today, Dongcai Fund released the liquidation report of the Tibet Dongcai Times Select Hybrid Initiating Securities Investment Fund.

The report states that the Tibet Dongcai Times Select Hybrid Initiating Securities Investment Fund’s fund contract officially took effect on 24 February 2023. According to the “Part Five Fund Filing” of the fund contract, in “Section 3, Number of Fund Units Holders and Asset Size During the Fund’s Term”: “The corresponding date three years after the effective date of the fund contract (if this date falls on a non-working day, it will automatically be extended to the next working day). If the net asset value of the fund is less than 200 million RMB, the fund contract will automatically terminate, and the fund’s term cannot be extended by convening a fund unit holders’ meeting.”

According to the announcement issued by the fund manager on 25 February 2026, titled “On the Termination of the Fund Contract and Asset Liquidation of the Tibet Dongcai Times Select Hybrid Initiating Securities Investment Fund,” the fund contract’s effective date was 24 February 2023. The corresponding date three years after the effective date (if it falls on a non-working day, it will automatically be extended to the next working day) was 24 February 2026. As of the end of 24 February 2026, the fund’s net asset value was below 200 million RMB, triggering the automatic termination as stipulated in the fund contract. The fund manager will carry out the fund’s asset liquidation procedures according to the contract, without the need to convene a fund unit holders’ meeting.

24 February 2026 marks the last operation day of this fund. From 25 February 2026 (inclusive), the fund enters the liquidation process.

As of the last net value disclosure date on 24 February 2026, the cumulative unit net values of Dongcai Times Select A/C were 1.5045 RMB and 1.4755 RMB, with cumulative returns of 50.45% and 47.55%, respectively.

Dongcai Times Select A cumulative return

Dongcai Times Select C cumulative return

Previously managed by Feng Jiebo, who specializes in TMT fields, now he is the fund manager of Tibet Dongcai Fund Management Co., Ltd.

（Editor: Guo Jiandong）

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