Mid-Year Report Glitch: Furong CSI 300 Index Enhanced Fund Revises Suspended Stock Valuation Details

On September 9, Furong Fund issued a correction announcement regarding the 2026 mid-year report of its Furong CSI 300 Index Enhanced Securities Investment Fund, amending certain sections of the fund's interim filing.

According to the announcement, the fund had disclosed its 2026 mid-year report on the designated website on August 31, 2026. Upon review, it was identified that specific content under section "6.4.12.2 Temporarily Suspended and Otherwise Restricted Stocks Held at Period-End" contained inaccuracies requiring revision.

Following the correction, the revised details indicate that as of June 30, 2026, the fund held one temporarily suspended restricted stock: Piotech Inc. (stock code: 688072). The stock was suspended from trading on June 29, 2026, due to a major event, with a period-end valuation price of RMB 832.00 per share and a resumption date of July 13, 2026, at an opening price of RMB 890.99 per share. The fund held 70,188 shares of this stock, with a total period-end cost of RMB 41,965,565.99 and a total period-end valuation of RMB 58,396,416.00.

Wind data shows that Furong Fund, established on January 25, 2016, is led by General Manager Yang Xiaozhou. The firm manages 16 funds with total assets under management of RMB 23.909 billion, ranking 112th among 164 public fund institutions.

From a product structure perspective, Furong Fund primarily focuses on fixed-income products. It offers six bond funds totaling RMB 10.439 billion in scale, accounting for approximately 43.7%, and one money market fund with RMB 10.164 billion, representing roughly 42.5%. In contrast, equity products remain relatively modest, with one stock fund at RMB 1.897 billion and eight hybrid funds at RMB 1.409 billion. Combined equity products (stock and hybrid) total only about RMB 3.3 billion, representing less than 14% of the firm's overall scale.

The firm currently employs 13 fund managers, each overseeing an average of RMB 1.839 billion in assets and managing approximately 1.23 funds on average. The involved Furong CSI 300 Index Enhanced Fund, established on February 11, 2018, is a key equity product under the firm, managed by fund managers Lang Chengcheng and Meng Yaqiang, with a combined scale of RMB 1.897 billion.