responds to rumors of Bao Fan's return: He resigned from all related positions in 2024.

Today, there are media reports claiming that, according to multiple independent sources, the founder of Huaxing Capital, Bao Fan, has recently "come out". In February 2023, Bao Fan, the founder of Huaxing Capital, was suddenly taken away by relevant authorities, shaking the venture capital circle. Since then, the details of the case and the progress of the investigation have not been disclosed by the relevant authorities. In response to this news, reporters reached out to Huaxing Capital for verification, and they responded, "Thank you for your attention! Mr. Bao Fan officially resigned from his positions as executive director, chairman of the board, CEO, and all related duties on February 2, 2024. From now on, Mr. Bao Fan will no longer be involved in the daily management and operations of the group. Huaxing Capital will not respond to personal issues."