Xinhua Ankang Diversified Income Mixed Fund warns of liquidation.

On May 7th, Xinhua Fund announced that as of May 6th, the net asset value of Xinhua Ankang Multi-Income Mixed Fund has been below 50 million yuan for 30 consecutive working days. According to regulations, if the number of fund shareholders is less than 200 or the net asset value is below 50 million yuan for 50 consecutive working days, the fund will enter the liquidation process and terminate according to the provisions of the fund contract without the need to convene a shareholder meeting. Xinhua Ankang Multi-Income Mixed Fund was established in December 2020 with a fundraising scale of nearly 1 billion yuan, but the scale was less than 50 million yuan by the end of the first quarter of this year. As of now, the net asset value of the fund is less than 1 yuan, and it is managed by Wang Bin. Wang Bin has 18 years of experience in the industry and is currently the Assistant General Manager and Director of Fixed Income Investment at Xinhua Fund.