• GF Securities’ board resolved on May 8, 2026, to provide advance compensation if regulators penalized QingYue Technology for material violations.
• The board announced the fund’s formal establishment on October 23, 2026, with an initial contribution of RMB 370 million.
• Co-contributors Lixin and QingYue’s de facto controller Gao Yudi will join the company in covering any shortfall in eligible investor claims.
• QingYue disclosed on October 15, 2026, that China’s securities regulator had imposed penalties for fraudulent issuance and disclosure violations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GF Securities Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20261023-12381748), on October 23, 2026, and is solely responsible for the information contained therein.