Guotou UBS Silver LOF, compensation processing starts today

On February 26th, the “Guotou Ruixin Silver Fund” mini-program officially launched on Alipay. Eligible investors who complete identity verification within the mini-program can handle settlement-related matters online. The scheme applies to individual investors redeeming the Guotou Ruixin Silver Futures Securities Investment Fund (LOF) at the net asset value confirmed on February 2, 2026 (including redemption applications submitted after 3:00 PM on January 30, 2026, and before 3:00 PM on February 2, 2026). Institutional investors are excluded.

According to the announcement issued by Guotou Ruixin on February 15th regarding the silver fund scheme, a specialized work plan has been developed following principles of layered classification, convenience, and reliability to maximize the protection of investors, especially small and medium investors. Guotou Ruixin stated that, after careful data analysis and scheme design, it is expected that over 90% of individual investors affected will receive full settlement for their impacted portion. For the remaining individual investors, the plan has also made the best possible arrangements proportionally.

Alipay Mini-Program Officially Launched

At 12:00 AM on February 26th, the “Guotou Ruixin Silver Fund” mini-program went live on Alipay. Based on the work plan, it follows the principles of “layered classification and convenience,” allowing investors to receive their settlement amounts through a unified excess withdrawal mechanism.

The scheme applies to individual investors redeeming the Guotou Ruixin Silver Futures Securities Investment Fund (LOF) at the net asset value confirmed on February 2, 2026 (including redemption applications submitted after 3:00 PM on January 30, 2026, and before 3:00 PM on February 2, 2026). Institutional investors are excluded.

Specifically, for individual investors impacted by valuation adjustments (from -17% to -31.5%) with amounts below 1,000 yuan, the full settlement amount will be determined based on the actual impact amount (these investors account for over 90% of redemption investors on that day).

For individual investors with impacted amounts exceeding 1,000 yuan (including), the total settlement will be calculated by adding the amount over 1,000 yuan to the base of 1,000 yuan, multiplied by a certain proportion.

The proportion of the amount over 1,000 yuan will be determined using the excess withdrawal principle.

Guotou Ruixin stated that they are not only the enforcer of the rules but also protectors of investors’ long-term interests. Facing the challenges of extreme market conditions, Guotou Ruixin chooses to stand with the holders, building trust through sincerity and action.

Clear Scope of the Scheme

Regarding why investors trading on the secondary market are not covered by this scheme, market experts explained that the Guotou Ruixin Silver Futures Securities Investment Fund (LOF) combines subscription/redemption mechanisms with on-market trading, which have fundamentally different pricing logic.

The valuation adjustment directly affects the fund’s net asset value (NAV), impacting only subscription and redemption transactions based on NAV. On-market trading occurs in the secondary market, where prices are formed by buy and sell orders according to Shenzhen Stock Exchange trading rules, based on market supply and demand, and are not directly equivalent to the fund’s NAV.

Therefore, gains and losses for on-market investors mainly depend on fluctuations in trading prices in the secondary market. Their trading activities are not directly affected by the NAV changes caused by this valuation adjustment, so they are not within the scope of this special scheme.

Additionally, the aforementioned experts pointed out that this valuation adjustment only affects investors redeeming at the NAV on February 2nd. Other investors are unaffected. For those who did not redeem on February 2nd, whether the valuation is adjusted or not, the two-day decline is similar. The adjustment aims to protect those who did not redeem on February 2nd.

“The purpose of this settlement plan is to resolve investor concerns through rational communication and to help us improve our services. It does not involve investors who did not redeem on that day. The valuation adjustment is to protect the interests of those who still hold shares,” Guotou Ruixin stated.

Funds Come from Guotou Ruixin’s Own Assets

The funds for this special work plan come from the company’s own assets, which are strictly separated from the fund’s assets.

On the evening of February 23rd, Guotou Investment announced that the recent valuation adjustment of Guotou Ruixin Silver LOF, a subsidiary of Guotou Ruixin Fund, has attracted market attention. The company had already issued a related special work plan on February 15th. Preliminary estimates suggest that this plan will have a negative impact on the company’s net profit attributable to shareholders in 2026, with an impact amount less than 5% of the audited net profit for 2024, and will not materially affect the company’s overall business development.

According to Guotou Investment’s 2024 annual report, the audited net profit attributable to shareholders for 2024 was 2.694 billion yuan. Based on the above estimates, the impact of this scheme on the 2026 net profit attributable to shareholders is expected to be less than 134.7 million yuan. Guotou Investment also noted that the final accounting treatment and impact on 2026 profits will be subject to the annual audit results.

Guotou Investment stated it will continue to supervise its controlling subsidiaries to operate in compliance, fulfill their responsibilities, enhance risk management, improve investor returns, and maintain the steady and healthy development of the capital market.

Source: Securities Times

Risk Warning and Disclaimer

Market risks exist; investments should be cautious. This article does not constitute personal investment advice and does not consider individual users’ specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions herein are suitable for their particular circumstances. Investment is at your own risk.