Private Equity Fund Managers Association: Cancellation of registration of Shenzhen and Ju Fund Management Co., Ltd. and 4 other private equity fund managers with abnormal operations.

On April 3, the China Securities Investment Fund Industry Association announced that four private fund managers, including Shenzhen Heju Fund Management Co., Ltd., were operating abnormally and failed to submit the required special legal opinion within three months after receiving written notification. The association will cancel the registration of these four institutions as private fund managers. The canceled private fund managers and related parties shall properly handle the assets of the managed funds in accordance with laws, regulations, rules of the CSIFIA, fund contracts, and ensure the legitimate interests of investors.