Violation of regulations fined by the foreign exchange bureau. Hongli Fund replied: The matter has been properly resolved at present.

Recently, the Beijing branch of the State Administration of Foreign Exchange issued Administrative Penalty Announcement No. Jinghui Penalty [2025] 29 on its official website, imposing a warning and a fine of 70,000 yuan on Hongli Fund for violating foreign exchange registration management regulations. It is understood that Hongli Fund was established in June 2002 and has a history of 23 years. Hongli Fund has undergone multiple changes in equity ownership in the past. At the end of 2022, after the latest round of equity changes, Hongli Fund became a wholly foreign-owned public fund. On July 25, reporters contacted relevant personnel from Hongli Fund regarding this matter. The personnel replied that the incident occurred about 5 years ago when Hongli Fund had not yet converted into a wholly foreign-owned fund. Hongli Fund has maintained active communication with relevant regulatory authorities, and the matter has now been properly resolved. As of now, Hongli Fund's public fund management scale is 95.561 billion yuan, ranking 62nd among licensed public fund institutions in the entire market.