Dongcai Era Select Hybrid Fund Liquidation

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

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

According to the announcement issued by the fund manager on February 25, 2026, titled “Notice of Fund Contract Termination and Fund Asset Liquidation for the Tibet Dongcai Times Select Hybrid Initiated Securities Investment Fund,” the fund’s trust agreement took effect on February 24, 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) is February 24, 2026. As of the end of February 24, 2026, the fund’s net asset value was below 200 million RMB, triggering the automatic termination clause in the trust agreement. The fund manager will carry out the fund’s asset liquidation procedures in accordance with the trust agreement without the need to hold a unit holder meeting.

February 24, 2026, is the last operational day of the fund. From February 25, 2026 (inclusive), the fund enters the liquidation process.

As of the last net value disclosure date on February 24, 2026, the cumulative unit net value of Dongcai Times Select A/C was 1.5045 yuan and 1.4755 yuan, 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 sectors, the current fund manager is with Tibet Dongcai Fund Management Co., Ltd.

【Editor: Guo Jiandong】

【Disclaimer】This article only reflects the author’s personal views and is not related to Hexun.com. Hexun.com maintains neutrality regarding the statements and opinions in this article and does not provide any explicit or implied guarantees regarding the accuracy, reliability, or completeness of the content. Readers are advised to use this for reference and bear all responsibilities themselves. Email: news_center@staff.hexun.com