Western Gain Fund responds to the company's enforcement: it is due to a business dispute over a special account product and is unrelated to the pledge of shareholder equity.

Western Gain Fund Management Co., Ltd. was recently listed as the judgment debtor by the Shanghai Financial Court, with an execution amount of 291 million yuan. Although the detailed reasons for the execution are not available, there have been speculations in the public about the possible connection to the equity pledge of one of the company's shareholders, Gain Technology. On November 14th, reporters reached out to Western Gain Fund for clarification, and it was confirmed that the previous ruling by the Shanghai Financial Court was related to a commercial dispute of the company's specialized products, and not related to the shareholder equity pledge. The company stated that the boundaries between shareholders and the company's operation are clear, and that shareholders do not participate in the company's operations. Additionally, the court ruling will not have a significant impact on the operation of the fund company.