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On October 10, 2018, China Shipping Fund Management Co., Ltd. released the First Advisory Announcement of China Shipping Fund Management Co., Ltd. on the possible termination of the fund contract of China Shipping Securities High speed Railway Industrial Index Classified Securities Investment Fund on China Securities Journal, Shanghai Securities News and the website of China Shipping Fund Management Co., Ltd. In order to better remind investors of relevant matters, we hereby issue the second advisory announcement on the termination of fund contracts that may be triggered by China Securities High speed Railway Industrial Index Classified Securities Investment Fund.
In accordance with the relevant provisions of the Law of the People's Republic of China on Securities Investment Funds, the Administrative Measures for the Operation of Publicly Offered Securities Investment Funds, and the Fund Contract of China Shipping CSI High speed Railway Industry Index Classified Securities Investment Fund (hereinafter referred to as the "Fund Contract"), China Shipping CSI High speed Railway Industry Index Classified Securities Investment Fund (hereinafter referred to as the "Fund") In order to protect the interests of fund share holders, China Shipping Fund Management Co., Ltd. (hereinafter referred to as "the Fund Manager") hereby reminds the following matters that may trigger the termination of the Fund Agreement:
1、 Basic Information of the Fund
Fund name: China Shipping and China Securities High speed Railway Industry Index Hierarchical Securities Investment Fund
Fund abbreviation: China Shipping and China Securities High speed Railway Industry Index Classification
Fund code: CSIC High speed Railway Industry Index Classification: 502030; CSIC High speed Railway Industry Index Grade A (hereinafter referred to as "High speed Railway A"): 502031; CSIC High speed Railway Industry Index Grade B (hereinafter referred to as "High speed Railway B"): 502032 (both High speed Railway A and High speed Railway B are listed and traded in Shanghai Stock Exchange)
Fund operation mode: contractual open-ended
Effective date of fund contract: July 31, 2015
Fund Manager: China Shipping Fund Management Co., Ltd
Fund Custodian: China Merchants Securities Co., Ltd
2、 Description of circumstances that may trigger the termination of the fund contract
In accordance with the provisions of "3. Number of Fund Unitholders and Asset Size within the Duration of the Fund" in "Part VI Fund Filing" of the Fund Contract, after the Fund Contract has taken effect for three years, when the fund asset size of the Fund is less than 50 million yuan for 60 consecutive working days, the Fund Contract shall be terminated without being reviewed by the General Meeting of Fund Unitholders.
As of October 15, 2018, the net asset value of the Fund has been less than RMB 50 million for 48 consecutive working days after the Fund Agreement of the Fund has come into effect for three years. If the fund asset size is less than 50 million yuan for 60 consecutive working days, which triggers the termination of the above fund contract, the fund contract will be terminated.
3、 Other matters needing prompt
1. If the Fund does not have a fund asset size of less than 50 million yuan for 60 consecutive working days, the Fund will continue to operate in accordance with the Fund Contract;
2. If the fund asset size is less than 50 million yuan for 60 consecutive working days, the fund contract of the fund will be terminated, and in order to protect the interests of fund share holders, before entering the liquidation period, the fund manager will arrange a redemption option period for investors to redeem. See the announcement of the fund manager at that time for details. After officially entering the liquidation procedure, investors will not be able to handle the purchase, redemption, conversion and trading of the Fund, and the Fund assets will be distributed after the Fund assets liquidation team has completed the liquidation procedure. Investors are kindly requested to pay attention to investment risks and properly make investment arrangements. The Fund Manager will also apply for the suspension and delisting of high-speed rail A and high-speed rail B in accordance with the provisions of the Shanghai Stock Exchange;
3. If the Fund Contract of the Fund is terminated, the Fund Manager will establish a Fund Assets Liquidation Team in accordance with relevant laws and regulations, the Fund Contract and other provisions and organize the Fund Assets Liquidation Team to liquidate the Fund under the supervision of the CSRC. In accordance with the distribution plan for the liquidation of the Fund's assets, after deducting all the remaining assets after the liquidation of the Fund's assets from the liquidation expenses of the Fund's assets, paying the taxes owed and paying off the Fund's debts, the accrued distribution proportions of the shares of China Shipping CSI High speed Railway, the shares of China Shipping CSI High speed Railway A and the shares of China Shipping CSI High speed Railway B are calculated respectively, and based on this, China Shipping CSI High speed Railway shares The fund share proportion held by the fund share holders of China Shipping CSI High Speed Rail A share and China Shipping CSI High Speed Rail B share respectively shall be distributed;
4. There may be a discount and premium transaction before the clearing of the A share of China Shipping CSI High Speed Railway and the B share of China Shipping CSI High Speed Railway. Please pay attention to the risk of discount and premium and the risk of delisting, and properly make investment arrangements;
5. If investors want to know the details of the Fund, please carefully read the Fund Agreement and the Prospectus of the Fund. Investors can learn or consult the details through the following ways:
CNOOC Fund's official website: www.zhfund.com
Customer service hotline of China Overseas Fund: 021-38789788 or 400-888-9788 (toll free)
It is hereby announced.
China Shipping Fund Management Co., Ltd
October 17, 2018
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