| Full text of information |
According to the requirements of Article 23 of the Provisions on Liquidity Risk Management of Open ended Securities Investment Funds Publicly Offered promulgated by the CSRC on August 31, 2017 and implemented on October 1, 2017, the fund manager shall strengthen the management of short-term investment behavior of investors, Investors with a continuous holding period of less than 7 days will be charged a redemption fee of not less than 1.5%, and the above redemption fee will be fully included in the fund property. This clause will be officially implemented from March 31, 2018. China Overseas Fund Management Co., Ltd. (hereinafter referred to as the Company) will charge 1.5% of the redemption fee to investors whose relevant funds have been held for less than 7 days from March 31, 2018 and include it in the fund property in full, that is, the redemption application submitted by the fund share holders on March 31, 2018 (including that date) is applicable to the new redemption rate.
The Company will, in accordance with relevant laws and regulations and the provisions of the fund contract, and on the basis of consensus with the fund custodian, revise the fund contract, custody agreement and other legal documents (including the terms of charging short-term redemption fees) of its publicly offered securities investment funds. The content of this amendment to the Fund Agreement is a necessary amendment due to changes in the corresponding laws and regulations. According to the provisions of the Fund Agreement, the Fund Manager and the Fund Custodian may make amendments after consultation without convening a general meeting of the Fund Unitholders.
The announcement on the amendment of the fund contract, custody agreement and other legal documents will be issued subsequently. Investors can log on to the fund manager's website (www.zhfund. com) or call the fund manager's customer service telephone (400-888-9788) for consultation and inquiry.
It is hereby announced.
China Shipping Fund Management Co., Ltd
March 24, 2018 |
