Settlement rate exceeds 95%! The China Investment Silver LOF compensation channel is planned to be shut down at an appropriate time, with over 2 million users already using the mini-program.

On March 25th, Guotou Ruixin Fund Management Co., Ltd. announced that since the launch of the “Guotou Ruixin Silver Fund” mini-program on February 26th, it has been one month. With the attention and support of a wide range of investors, the overall reconciliation work has made positive progress, with the vast majority of investors having completed reconciliation, and over 95% of investors affected with amounts greater than 1,000 yuan having completed reconciliation.

Guotou Ruixin Fund stated that the long-term operation of the mini-program requires significant resources from all parties. Based on the progress of the reconciliation, they will gradually reduce and appropriately close online reconciliation channels. Additionally, for the minority of investors who have not yet reconciled, the company will continue to keep communication channels open and support them in resolving their claims through channels such as reconciliation, mediation, arbitration, or other legal means.

Interface News checked the mini-program on Alipay, which shows that it is used for “announcements related to the Silver Fund scheme managed by Guotou Ruixin Fund Management Co., Ltd.” As of now, the mini-program has been used by over 2 million people.

On February 26th, due to valuation adjustments of Guotou Silver LOF (Trading Code: 161226), the investor compensation process officially began. Investors can search for the “Guotou Ruixin Silver Fund” mini-program on Alipay, complete identity verification online, and handle related matters.

On February 15th, Guotou Ruixin Fund issued an announcement clarifying the relevant reconciliation plan for individual investors affected by the valuation adjustment of Guotou Silver LOF.

It is understood that earlier, international silver market prices surged significantly. As the only major domestic public offering product primarily investing in silver futures, Guotou Silver LOF was heavily pursued by funds and became a “market influencer.” The incident originated from the valuation adjustment of Guotou Silver LOF on February 2nd, after which the fund’s price experienced multiple consecutive limit-downs.

On the evening of February 2nd, after updating its net value, Guotou Ruixin Silver Futures LOF showed that the net asset value per unit of Class A shares plummeted from 3.2838 yuan the previous trading day to 2.2494 yuan, a drop of 31.5%, setting a record for the largest single-day decline in a public fund.

That night, Guotou Ruixin Fund issued an announcement explaining that the significant fluctuation in net value was due to an adjustment in the fund’s valuation method. Since February 2nd, Guotou Silver LOF has experienced five consecutive trading days of opening limit-down.

On February 6th, Guotou Ruixin Fund Management issued an announcement stating that the recent valuation adjustments and related notices of the Guotou Ruixin Silver Futures Securities Investment Fund (LOF) managed by the company have attracted investor attention. The company attaches great importance to this. Guotou Ruixin said that a working group has been established, and they are actively researching and formulating relevant work plans to support investors in resolving their claims through channels such as reconciliation, mediation, arbitration, or other legal means. The company will support the effective implementation of reconciliation, mediation, and arbitration.

On March 25th, due to the rebound in silver prices, the price of Guotou Silver LOF increased. As of the close that day, Guotou Silver LOF was quoted at 2.759 yuan, hitting the price limit-up, with a premium rate of 44.34%.

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Editor: Song Yafang