Fund Manager: Changxin Fund Management Co., Ltd
Fund Custodian: China Minsheng Bank Co., Ltd
April, 2012
Important tips
Changxin Ruili Income One year Holding Period Hybrid Securities Investment Fund (hereinafter referred to as "the Fund")
It was registered in ZJXK [2021] No. 3261 Document of China Securities Regulatory Commission on October 14, 2021
raise.
The Fund Manager guarantees that the contents of this Prospectus are true, accurate and complete. This prospectus is in the middle of
It is registered by the China Securities Regulatory Commission, but the registration of the Fund raised by the China Securities Regulatory Commission does not indicate its value to the Fund
And income, nor does it mean that there is no risk in investing in the Fund.
The Fund invests in the securities and futures markets, and the net value of the Fund will be affected by factors such as fluctuations in the securities and futures markets
In case of fluctuation, investors can enjoy the fund income according to the fund shares they hold and bear the corresponding investment risk
Insurance. The possible risks of investing in the Fund include: the unique risks of the Fund, the overall political, economic
Systematic risk caused by the impact of social and other environmental factors on the prices of securities and futures markets. Individual securities
Unique unsystematic risk, liquidity risk caused by fund investors' continuous large redemption of funds
Fund management risks arising from the implementation of fund management by the fund manager.
The investment scope of the Fund includes depositary receipts, except for other funds that only invest in stocks in Shanghai and Shenzhen markets
In addition to the common risks, the Fund will also face significant fluctuations in the price of China's depositary receipts or even a large loss
Risk of loss and risk related to the issuance mechanism of China Depositary Receipts.
When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager shall perform corresponding
After the procedure, the side pocket mechanism can be started. See the relevant sections of the fund contract and this prospectus for details. side
During the implementation of the pocket mechanism, the fund manager will mark the fund abbreviation in a special way and will not handle the side pocket account
Purchase and redemption. Please read the relevant content carefully and pay attention to the
Specific risks.
The Fund is a hybrid fund, whose expected risk and expected return are higher than those of money market funds and bond funds
Gold, lower than equity funds.
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance or listing
Shares (including GEM and other shares approved or registered for listing by the CSRC), depositary receipts
Bonds (including treasury bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term
Financing bonds, ultra short-term financing bonds, publicly issued subordinated bonds, local government bonds, government supported institutional bonds
Bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds and other investments permitted by the CSRC
Bonds), asset-backed securities, bond repurchase, bank deposits (including negotiated deposits, time deposits and
Other bank deposits), inter-bank deposit receipts, money market instruments, treasury bond futures, stock index futures, stock options
Other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the relevant provisions of the CSRC
Regulations).
Investors should carefully read the Fund Contract, Prospectus, fund product information summary, etc
Legal documents of the fund, understand the risk return characteristics of the fund, and
Investment experience, asset status, etc. to determine whether the fund is suitable for the risk tolerance of investors.
After investors subscribe/subscribe for the Fund units, they must hold them for at least one year before they can redeem them, that is, within the one-year holding period
Fund share holders cannot apply for redemption or conversion and transfer out, and investors need to arrange funds reasonably.
The past performance of the Fund does not predict its future performance.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, there is no guarantee that the Fund will be profitable or have a minimum return.
catalog
1、 Introduction one
2、 Interpretation two
3、 Fund Manager eight
4、 Fund Custodian twenty
5、 Relevant service agencies twenty-seven
6、 Fund raising thirty
7、 Effectiveness of the Fund Contract thirty-six
8、 Subscription and redemption of fund units thirty-eight
9、 Investment of the Fund fifty
10、 Property of the Fund sixty-one
11、 Valuation of Fund Assets sixty-two
12、 Fund fees and taxes sixty-nine
13、 Income and distribution of the fund seventy-two
14、 Accounting and auditing of funds seventy-four
15、 Information disclosure of funds seventy-five
16、 Side pocket mechanism eighty-three
17、 Risk disclosure eighty-seven
18、 Change and termination of fund contract and liquidation of fund assets ninety-four
19、 Summary of the Fund Contract ninety-six
20、 Summary of the Fund Custody Agreement one hundred and twenty-eight
21、 Fund Unitholder Services one hundred and fifty
22、 How to store and view the Prospectus one hundred and fifty-three
23、 Documents for future reference one hundred and fifty-four
1、 Introduction
Prospectus of Changxin Ruili Income One year Holding Period Hybrid Securities Investment Fund (hereinafter referred to as "the Prospectus")
"Prospectus" or "this Prospectus") in accordance with the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law of the People's Republic of China")
"Securities Law"), "Securities Investment Fund Law of the People's Republic of China" (hereinafter referred to as "Fund Law")
Administrative Measures for the Operation of Public Offering of Securities Investment Funds (hereinafter referred to as "Operation Measures")
Measures for the Supervision and Administration of Securities Investment Fund Sales Agencies (hereinafter referred to as "Sales Measures"), Public Offering
Management Measures for Information Disclosure of Securities Investment Funds (hereinafter referred to as "Information Disclosure Measures"), Public Offering
Provisions on Liquidity Risk Management of Open ended Securities Investment Funds (hereinafter referred to as "Liquidity Risk Management Regulations")
And other relevant laws and regulations, as well as the one year holding period hybrid securities of Changxin Ruili Income
Investment Fund Contract (hereinafter referred to as "the Contract" or "the Fund Contract").
This Prospectus describes the investment of Changxin Ruili Income One year Holding Period Hybrid Securities Investment Fund
All necessary matters related to the investor's investment decisions, such as objectives, investment strategies, risks and rates
You should read this prospectus carefully before making an investment decision.
The Fund Manager promises that this Prospectus does not contain any false content, misleading statement or material legacy
And bear legal responsibility for its authenticity, accuracy and integrity.
The Fund is applied for raising in accordance with the information specified in this Prospectus. This prospectus is prepared by
The gold manager explains. The Fund Manager has not entrusted or authorized any other person to provide information that is not included in this Prospectus
Or make any explanation or explanation to this Prospectus.
This Prospectus is prepared in accordance with the Fund contract of the Fund and registered with the CSRC. Fund contract
It is a legal document that stipulates the rights and obligations between the fund parties. The fund investor withdraws from the fund contract
Obtaining fund units means becoming a fund unit holder and a party to the fund contract
It means that it recognizes and accepts the fund contract, and in accordance with the Fund Law, the fund contract and other
The relevant provisions provide for rights and obligations. Fund investors want to know the rights and obligations of fund share holders,
The fund contract should be consulted in detail.
2、 Interpretation
In this prospectus, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: refers to the one-year holding period hybrid securities investment fund of Changxin Ruili Income
2. Fund Manager: refers to Changxin Fund Management Co., Ltd
3. Fund Custodian: China Minsheng Bank Co., Ltd
4. Fund contract: refers to the Fund Contract of Changxin Ruili Income One year Holding Period Hybrid Securities Investment Fund
And any effective amendments and supplements to the Fund Agreement
5. Custody Agreement: refers to the "Changxin Ruili Income" signed between the Fund Manager and the Fund Custodian for the Fund
One year holding period hybrid securities investment fund custody agreement and any effective amendment to the custody agreement
supplement
6. Prospectus or this Prospectus: refers to the one-year holding period hybrid securities of Changxin Ruili Income
Investment Fund Prospectus and its updates
7. Announcement on the sale of fund shares: refers to the One year Holding Period Hybrid Securities Investment Fund of Changxin Ruili Income
Announcement on Offering Fund Units
8. Summary of fund product information: refers to the one-year holding period hybrid securities investment fund of Changxin Ruili Income
Summary of Fund Product Information and its updates
9. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
10. Fund Law: refers to the Standing Committee of the Tenth National People's Congress
Adopted at the fifth session of the NPC and approved by the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting of the meeting, implemented since June 1, 2013
The 14th Meeting of the Standing Committee of the Second National People's Congress
Decision of the People's Republic of China on Amending Seven Laws Including the Port Law of the People's Republic of China
Securities Investment Fund Law of the People's Republic of China and amendments made by the promulgating authority from time to time
11. Sales Measures: promulgated by the CSRC on August 28, 2020 and implemented on October 1 of the same year
The Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies issued by the Ministry of Finance and the promulgating authority from time to time
Revision of
12. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
The Administrative Measures for the Information Disclosure of Publicly Offered Securities Investment Funds, implemented on January 1, 2006, and the promulgating authority made to it from time to time
Revision of
13. Operation Measures: promulgated by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Management Measures for the Operation of Publicly Offered Securities Investment Funds and amendments made by the promulgating authority from time to time
14. Liquidity Risk Management Regulations: promulgated by the CSRC on August 31, 2017
Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on January 1 and the issuing authority
As amended from time to time
15. China Securities Regulatory Commission: China Securities Regulatory Commission
16. Banking regulatory authority: refers to the People's Bank of China and/or the Insurance Regulatory Commission of the Bank of China
Member Council
17. Parties to the Fund Contract: refer to those who are bound by the Fund Contract and enjoy rights and assume obligations under the Fund Contract
The legal subjects of the Fund, including the Fund Manager, the Fund Custodian and the Fund Unitholders
18. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
19. Institutional investors: refer to those who can invest in securities investment funds according to law and are located in the People's Republic of China
Enterprise legal person, public institution legal person and society legally registered and existing or established and existing with the approval of relevant government departments
Groups or other organizations
20. Qualified foreign institutional investor: refers to qualified foreign institutional investor and RMB qualified overseas
Measures for the Administration of Domestic Securities and Futures Investment of Institutional Investors and relevant laws and regulations can be used to invest in China
Institutional investors outside China of securities investment funds legally raised within China
21. RMB Qualified Foreign Institutional Investor: refers to the qualified foreign institutional investor and RMB
Measures for the Administration of Domestic Securities and Futures Investment by Foreign Institutional Investors and relevant laws and regulations
An overseas legal person who invests in domestic securities with overseas RMB funds
22. Investors, investors: individual investors, institutional investors, qualified foreign institutional investors and
RMB Qualified Foreign Institutional Investors and the purchase of securities investment funds permitted by laws and regulations or the CSRC
Collectively referred to as other investors of
23. Fund share holder: refers to the investment legally obtained from fund shares in accordance with the fund contract and prospectus
people
24. Fund sales business: refers to the promotion of funds and the sale of fund shares by fund managers or sales agencies,
Handle the subscription, redemption, conversion, re custody and fixed investment of fund units
25. Sales agency: refers to Changxin Fund Management Co., Ltd. and conforms to the Sales Measures and China
Other conditions stipulated by the CSRC, obtaining the qualification for fund sales business and signing a fund sales contract with the fund manager
Service agency agreement, the agency that handles fund sales business on behalf of
26. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including
Establishment and management of investor's fund account, registration of fund shares, confirmation, liquidation and settlement of fund sales business
Calculate and distribute dividends on behalf of others, establish and keep the register of fund share holders and handle non trading transfer, etc
27. Registration agency: refers to the agency that handles registration business. The registration authority of the fund is Changxin Fund Management Co., Ltd
Limited liability company or agency entrusted by Changxin Fund Management Co., Ltd. to handle registration business
28. Fund account: refers to the fund manager's account opened by the registration institution for investors, which records their holdings
Account for the balance of fund units under management and their changes
29. Fund transaction account: refers to the account opened by the sales agency for the investor and recorded that the investor passes through the sales machine
The foundation arising from the organization of subscription, subscription, redemption, conversion, custody transfer and fixed investment plan and other businesses
Accounts for changes in gold shares and balances
30. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract,
The fund manager has completed the fund filing formalities with the CSRC and obtained the written confirmation of the CSRC
date
31. Fund contract termination date: refers to the date when the fund contract termination causes specified in the fund contract occur
The date on which the liquidation results are reported to the CSRC for filing and announcement after the completion of liquidation
32. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, with the longest
Not more than 3 months
33. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
34. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
35. T day: refers to that the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
open house
36. T+n day: refers to the nth working day from T day (excluding T day), and n is a natural number
37. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units
38. Opening Hours: refers to the time period when the fund accepts subscription, redemption or other transactions on the open day
39. Start date of one-year holding period: for each fund unit, the start date of one-year holding period refers to the fund contract
Effective date (for subscription units) or confirmation date of application for subscription of fund units (for subscription units)
40. One year holding period expiration date: for each fund share, the one year holding period expiration date refers to the fund share
The annual corresponding date one year after the starting date of the one-year holding period. The corresponding date of the year refers to a specific date after
The corresponding date in the continuation year. If there is no such corresponding date in the year, the last day of the corresponding month in the year will be taken;
If that day is not a working day, it shall be postponed to the next working day. Before the expiration date of one year holding period of fund units
(excluding the current day), the fund unit holder cannot apply for redemption or transfer out of the fund unit; base
From the expiration date (inclusive) of the one-year holding period of gold units, the holders of fund units may propose
Redemption or conversion transfer out application. Due to force majeure or other circumstances agreed in the fund contract, the fund manager has no
The redemption, conversion and transfer out of the fund units shall be opened on time on the expiration date of the one-year holding period of the fund units
In case of business, the one-year holding period of the fund units shall be extended to force majeure or other matters agreed in the fund contract
The next working day from the date when the influencing factors of the situation are eliminated
41. Business Rules: refers to the Open ended Fund Business Rules of CEFC Fund Management Co., Ltd,
It is a business rule regulating the registration of open-ended securities investment funds managed by the fund manager, and is managed by the fund
Both the manager and the investor shall abide by
42. Subscription: during the fund raising period, investors apply for
Please purchase fund shares
43. Subscription: after the Fund Contract comes into effect, the investor applies for
Please purchase fund shares
44. Redemption: refers to that after the Fund Contract comes into effect, the Fund Unitholders shall, in accordance with the provisions of the Fund Contract and the Prospectus
The act of converting fund units into cash under specified conditions
45. Fund conversion: refers to the Fund Unitholders' effective announcement at that time in accordance with the Fund Agreement and the Fund Manager
To apply for converting the fund units of a fund managed by the fund manager into funds
Behavior of other fund units managed by the manager
46. Custody transfer: refers to the change place implemented by the Fund Unitholders between different sales agencies of the Fund
Operation of sales institutions holding fund units
47. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency and the agreement on each application
On the purchase date, the amount of deduction and the method of deduction, the sales agency shall, on the agreed deduction date of each period, place the amount of deduction in the bank account designated by the investor
An investment method for automatically completing deduction and accepting fund purchase applications in the account
48. Massive redemption: refers to the net redemption application of the Fund on a single open day (the total number of redemption application units
Add the total number of transferred out application units in fund conversion and deduct the total number of subscription application units and transferred in in fund conversion
The balance after the total number of applied shares) exceeds 10% of the total fund shares on the previous open day
49. Class A fund unit: refers to the subscription and purchase fees charged by investors when they subscribe to and purchase funds, while
Fund shares without provision for sales service fees
50. Class C fund units: means that no subscription or purchase fee is charged when investors subscribe or purchase fund units
Use, but the fund shares of which the sales service fee is withdrawn from the fund assets of this category
51. Sales service fee: It refers to the amount withdrawn from the fund property for the marketing, sales and
Service fees for fund share holders
52. RMB: refers to RMB
53. Fund income: refers to dividend, dividend, bond interest, price difference of securities, silver
Savings on bank deposit interest, other legal income realized and costs and expenses arising from the use of fund assets
54. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of funds and other assets
55. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
56. Net value of fund units: refers to the net value of fund assets on the calculation date divided by the total number of fund units on the calculation date
57. Fund asset valuation: it refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets
Value and net value of fund units
58. Regulated media: national reports for information disclosure that meet the conditions specified by the CSRC
Internet websites (including the website of the fund manager and the website of the fund custodian) specified in the Information Disclosure Measures
Website, CSRC fund electronic disclosure website) and other media
59. Liquidity restricted assets: refer to assets that cannot be used due to laws and regulations, supervision, contracts or operational barriers
Assets realized at a reasonable price, including but not limited to reverse repurchase with maturity of more than 10 trading days
Fixed deposits with banks (including bank deposits that are conditionally withdrawn in advance as agreed in the agreement), suspended shares, and negotiable securities
Limited new shares, non-public shares, asset-backed securities, inability to transfer due to the issuer's debt default, or
Traded bonds, etc
60. Swing pricing mechanism: when open-end funds are subject to large purchase and redemption
In the form of net amount, the market shock cost of the fund's adjusted portfolio is allocated to the actual subscription and redemption investments
Investors, thereby reducing the adverse impact on the interests of stock fund share holders and ensuring the legitimate rights and interests of investors
Be protected and treated fairly
61. Side pocket mechanism: refers to the separation of specific assets in the fund portfolio from the original account to a special
The purpose of account settlement is to effectively isolate and defuse risks and ensure that investors are treated fairly,
It is a liquidity risk management tool. During the implementation of the side pocket mechanism, the original account is called the main pocket account and the special account
The account is called side pocket account
62. Specific assets: including: (1) There is no active market price to refer to and the valuation technology is still adopted
Assets with significant uncertainty in fair value; (2) Measured at amortized cost and provision for asset impairment
Assets that still lead to significant uncertainty of asset value; (3) Significant inaccuracy in the value of other assets
Qualitative assets
63. Force majeure: refers to objective events that the parties to the fund contract cannot foresee, avoid and overcome
piece
3、 Fund manager
（1） Overview of the Fund Manager
Overview of the Fund Manager
Name: Changxin Fund Management Co., Ltd
Registered address: 9/F, 68 Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone
Office address: 9/F, 68 Yincheng Middle Road, Pudong New Area, Shanghai
Postal code: 200120
Approving the establishment of China Securities Regulatory Commission
Approval No. of establishment: CSRC Zhengjian Jiji Zi [2003] No. 63
Registered capital: RMB 165 million
Date of establishment: May 9, 2003
Organizational form: limited liability company
Legal representative: Liu Yuanrui
Tel: 021-61009999
Fax 021-61009800
Contact Wei Mingdong
Continuous operation during the existence period
Scope of Business Fund management business, initiate the establishment of funds, and other businesses approved by the CSRC. [Projects that must be approved according to law can only be operated after being approved by relevant departments]
Equity Structure Shareholder Name Contribution Amount Contribution Proportion
Changjiang Securities Co., Ltd. 73.5 million yuan 44.55%
Shanghai Haixin Group Co., Ltd. 51.495 million yuan 31.21%
Wuhan Iron and Steel Co., Ltd. 25005000 yuan 15.15%
Shanghai Tongsheng Investment Management Center (limited partnership) 7.51 million yuan 4.55%
Shanghai Tongjun Investment Management Center (limited partnership) 7.49 million yuan 4.54%
Total 165 million yuan 100%
（2） Key personnel
1. Members of the Board of Directors of the Fund Manager
Board members
Name Position Gender Resume
Liu Yuanrui, Chairman of the Board of Directors, is a member of the Communist Party of China and a master. He is now the Chairman of Changxin Fund Management Co., Ltd., Deputy Secretary of the Party Committee, Director and President of Changjiang Securities Co., Ltd. He has successively served as research analyst and deputy director of the research department of the steel industry of Changjiang Securities Co., Ltd., president assistant of Changjiang Securities Underwriting Recommendation Co., Ltd., deputy general manager of the research department of Changjiang Securities Co., Ltd., general manager and deputy president of the research institute.
Ren Xiaowei, a non independent director, is a member of the Communist Party of China (CPC), a bachelor, and currently serves as the vice president and secretary of the board of directors of Shanghai Haixin Group Co., Ltd. (acting president). Successively served as China Electric
Project Manager of Import Department of Import and Export Joint Venture, Department Manager of Hong Kong Huayang Asia Pacific Industrial Co., Ltd. of China National Machinery Import and Export Corporation, General Manager of Hong Kong Bidak Industrial Co., Ltd., Assistant General Manager of CDB Caofeidian Investment Co., Ltd., Deputy General Manager and Chief Financial Officer of CDB Jilin Investment Co., Ltd., Senior Manager and Deputy General Manager of Equity Department III of CDB Finance Co., Ltd Executive Director and Vice President of China New Town Development Co., Ltd.
Li Zhao, a male master who is not an independent director, is currently the Director of Industrial Financial Operation Management of China Baowu Iron and Steel Group Co., Ltd. He has successively served as the Associate Manager and Manager of the Finance Department of Shanghai Baosteel Group Co., Ltd., the Chief Manager of the Finance Department of Baoshan Iron and Steel Co., Ltd., the Manager and Senior Manager of the Business Finance Department of Baosteel Group Co., Ltd., the Chief Accountant of Baosteel Group Co., Ltd Chief Accountant of China Baowu Iron and Steel Group Co., Ltd. He is also a director of Baosteel Engineering Technology Group Co., Ltd., a director of Warburg Investment Co., Ltd., a supervisor of Warburg Securities Co., Ltd., a supervisor of Warburg Capital Co., Ltd., and a director of the Central Enterprise Credit Guarantee Fund.
Qin Bofei, an independent director, is a male member of the Communist Party of China (CPC) with a master's degree. He graduated from Shanghai National Accounting College with EMBA and has the qualification to work in the fund industry. At present, he is the general manager of Changxin Fund Management Co., Ltd. and chairman of the investment decision-making committee. He once worked in Changjiang Securities Co., Ltd. In 2002, he joined Changxin Fund Management Co., Ltd. and successively served as the regional manager of the Market Development Department, the deputy director of the Marketing Planning Department, the director of the Market Development Department, the director of the special account financing department, the assistant to the general manager, and the deputy general manager.
Xu Zhigang, an independent director, is a male member of the Communist Party of China and a doctor of economics. He was once the deputy director of the office of the People's Bank of China in Xuhui District, Shanghai, the deputy chief of the credit section, the deputy secretary of the Party Committee, the deputy director and director of the office of ICBC Shanghai Branch, the director of the financial research office, the deputy president of Pudong Branch, the director and vice president of Shanghai Industrial (Group) Co., Ltd, Director and President of Shanghai Industrial Finance Holding Co., Ltd., Chairman and General Manager of Shanghai Industrial Finance Co., Ltd., Managing Partner of Deloitte Enterprise Consulting (Shanghai) Co., Ltd. in East China, and Partner of Global Financial Services Industry.
Liu Fei, an independent director, is a female member of the Communist Party of China and has a master's degree in business administration. He is currently a partner of Guohe Innovation Education Fund (preparatory). He used to be the general manager and founding partner of Shanghai Guohe Modern Service Industry Equity Investment Management Co., Ltd., the private equity investment fund management company of Shanghai International Group, the general manager and director of SPDB AXA Fund Management Co., Ltd. (the founder of SPDB AXA), the general manager of Shanghai Dongxin International Investment Management Co., Ltd Director (Shanghai Pudong Development Bank and Sun Hung Kai Joint Venture Pension Investment Management Company), Head of Shanghai Pudong Development Bank Office.
Yan Li, an independent director, is a male CPC member and a doctoral candidate. He used to be a police officer of Changchun Public Security Bureau in Jilin Province, a chief member of the Political and Legal Committee of the CPC Jilin Provincial Committee, a director and researcher of Jilin Youth Crime Research Institute, a vice president, a secondary professor, and a doctoral supervisor of Shanghai Institute of Political and Legal Management Cadres, Shanghai University Law School, a vice president, a secondary professor, and a doctoral supervisor of Shanghai Institute of Political and Law, and a lifelong professor of Shanghai Institute of Political and Law Second level professor, doctoral supervisor.
Note: None of the above persons have close relatives
2. Members of the Board of Supervisors
Members of the Board of Supervisors
Name Position Gender Resume
Zhao Yong, Chairman of the Board of Supervisors, male member of the Communist Party of China, bachelor of management, internationally registered internal auditor, auditor, and management consultant, is currently the supervisor management director of the subsidiary dispatched by the Audit Department of China Baowu Iron and Steel Group Co., Ltd. He has successively served as the comprehensive audit administrator of Baosteel Group Co., Ltd., the business audit manager of Baosteel Group Co., Ltd., the business auditor of Baosteel Group Co., Ltd., the senior business auditor of Baosteel Group Co., Ltd., the senior business auditor of China Baowu Iron and Steel Group Co., Ltd., and the supervisor management director of the subsidiary dispatched by China Baowu Iron and Steel Group Co., Ltd. At present, he is also the chairman of the board of supervisors of Ningbo Baoxin Stainless Steel Co., Ltd., the supervisor of Baosteel Desheng Stainless Steel Co., Ltd., the supervisor of Zoomlion Advanced Steel Materials Technology Co., Ltd., and the supervisor of Shanghai Baodishang Real Estate City Development Co., Ltd.
Li Shiying, supervisor, female member of the National Revolutionary Movement, master's degree. He is currently the General Manager of the Financial Headquarters of Changjiang Securities Co., Ltd; He also serves as a director of Changjiang Securities Underwriting Recommendation Co., Ltd., Changjiang Securities (Shanghai) Asset Management Co., Ltd., Changjiang Growth Capital Investment Consulting Co., Ltd., Changjiang Securities Innovation Investment (Hubei) Co., Ltd., Changjiang Futures Co., Ltd. and Changjiang Securities International Finance Group Co., Ltd. He used to be a cashier and accountant in the Finance Department of the Three Gorges Industrial Development Company; Accounting and administrative post of the international business headquarters of Changjiang Securities Co., Ltd., manager of the financial department of the investment bank headquarters, deputy manager of the accounting department of the financial headquarters, financial management post of Dapeng Securities Custody Working Group, financial manager post of Chongqing Business Department, financial management post, accounting management post, deputy general manager of the financial headquarters, deputy general manager of the capital market department, CFO of Changjiang Growth Capital Investment Co., Ltd.
Xu Lu, supervisor, male master, currently serves as the Deputy General Manager of the Strategy and Investment Department of Hunan Caixin Financial Holding Group Co., Ltd., once worked as the quantitative analyst of the Citibank institutional customer group, the investment manager of the Strategic Development Department of Hunan Asset Management Co., Ltd., and the general secretary of the office of Hunan Caixin Financial Holding Group Co., Ltd Deputy General Manager of Hunan Caixin Financial Technology Service Co., Ltd.
Li Yi, supervisor, female member of the Communist Party of China, holds a master's degree. Currently, he is the assistant to the general manager and director of the General Administration Department of Changxin Fund Management Co., Ltd. He used to be Deputy Director of General Administration Department and Director of Retail Service Department of Changxin Fund Management Co., Ltd.
Sun Honghui, supervisor, male member of the Communist Party of China, holds a master's degree. Currently, he is the assistant to the general manager, director of operations and director of fund affairs department of Changxin Fund Management Co., Ltd. He once worked in Shanghai Machinery Research Institute, Shanghai Jiabao Gas Appliance Company and Changjiang Securities Co., Ltd.
Wei Mingdong, supervisor, male member of the Communist Party of China, holds a master's degree. He is now the Director of Human Resources Department of Changxin Fund Management Co., Ltd. He used to work in Shanghai Xuhui District Government, Huaxia Securities Co., Ltd., Cathay Pacific Fund Management Co., Ltd., Director of General Administration Department and Director of Human Resources.
Note: None of the above persons have close relatives
3. Managers
Managers
Name Position Gender Resume
The resume of General Manager Qin Bo is the same as above.
Chief Inspector Zhou Yonggang, Master of Economics, EMBA, is now Chief Inspector of Changxin Fund Management Co., Ltd. Wuhan Zigong, Hubei Securities Co., Ltd
General Manager of Zhijie Business Department, General Manager of Changjiang Securities Co., Ltd. North Headquarters and General Manager of Beijing Zhanzhan Road Securities Business Department, Deputy General Manager of Changjiang Securities Co., Ltd. Brokerage Business Headquarters and Director of Shanghai Representative Office, and General Manager of Shanghai Hankou Road Securities Business Department.
Shao Yanming, Deputy General Manager, male master, graduated from the University of International Business and Economics, and has the qualification to work in the fund industry. He is now the Deputy General Manager of Changxin Fund Management Co., Ltd. and the General Manager of Beijing Branch. He once worked in Beijing Audit Bureau, Shanghai Shenyin Securities Company, Dapeng Securities Company, Harvest Fund Management Co., Ltd. In 2001, he joined the Changxin Fund as a member of the preparatory group and served successively as the chief representative of the company's Beijing representative office and the assistant to the company's general manager.
Deng Ting, Deputy General Manager, has a bachelor's degree in economics and law, graduated from Zhongnan University of Economics and Law, and is qualified to work in the fund industry. He is now the Deputy General Manager of Changxin Fund Management Co., Ltd. He used to be the channel manager, senior channel manager, channel director of East China Marketing Center, general manager of Central China Marketing Center, director of institutional business department, director of insurance business department and assistant general manager of Changxin Fund Management Co., Ltd.
Note: None of the above persons have close relatives
4. Fund Manager
Fund Manager of the Fund
Name Position Duration Resume
Ye Song, Assistant to General Manager, Director of Equity Investment Department and Director of Absolute Income Department, and Fund Manager have obtained a master's degree in economics since the fund contract came into effect, and graduated from Zhongnan University of Economics and Law with a master's degree in investment. In July 2007, he joined Changxin Fund Management Co., Ltd. as an industry researcher and engaged in industry and listed company research. He once served as assistant fund manager, director of absolute return department and director of equity investment department. From February 2015 to August 2016, he successively served as the fund manager From September 2016 to February 2018, he served as the fund manager of Changxin Innovation Driven Equity Securities Investment Fund, from October 2016 to February 2018, as the fund manager of Changxin Domestic Demand Growth Hybrid Securities Investment Fund, from March 2017 to June 2018, as the fund manager of Changxin Double Profit Preferred Flexible Allocation Hybrid Securities Investment Fund From March 2017 to August 2019, he served as the fund manager of Changxin Duoli Flexible Allocation Hybrid Securities Investment Fund, from March 2011 to August 2019, as the fund manager of Changxin Hengli Advantage Hybrid Securities Investment Fund, from August 2018 to September 2019, as the fund manager of Changxin Value Blue Chip Two year Regular Open Flexible Allocation Hybrid Securities Investment Fund From March 2015 to January 2021, he served as the fund manager of Changxin's dynamic strategy hybrid securities investment fund to increase profits. Currently, he is assistant to the general manager, director of the absolute return department and director of the equity investment department, executive member of the investment decision-making committee, and has served as a two-year regular open flexible allocation hybrid of Changxin Enterprise Selection since July 2018
Fund manager of hybrid securities investment fund, fund manager of Changxin Ruijin Flexible Allocation Hybrid Securities Investment Fund since April 2019, fund manager of Changxin Enterprise Preferred One year Holding Period Flexible Allocation Hybrid Securities Investment Fund since March 2021, fund manager of Changxin Xinyi Flexible Allocation Hybrid Securities Investment Fund since July 2021 Since July 2021, he has served as the fund manager of the Changxin Reform Dividend Flexible Allocation Hybrid Securities Investment Fund, the fund manager of the Changxin Lixin Flexible Allocation Hybrid Securities Investment Fund since July 2021, and the fund manager of the Changxin Litai Flexible Allocation Hybrid Securities Investment Fund since July 2021.
5. Members of the Investment Decision making Committee
Members of the Investment Decision making Committee
Name Title
Qin Bo, General Manager, Chairman of the Investment Decision making Committee
Li Jiachun, assistant to the general manager of the company, executive member of the investment decision-making committee, Changxin Li Feng bond securities investment fund, Changxin convertible bond securities investment fund, Changxin Li Guang flexible allocation hybrid securities investment fund, Changxin Li Ying flexible allocation hybrid securities investment fund, Changxin Li Fu bond securities investment fund Fund manager of Changxin Lishang one-year regular open hybrid securities investment fund, Changxin robust select hybrid securities investment fund, Changxin robust balanced six-month holding period hybrid securities investment fund and Changxin robust growth one-year holding period hybrid securities investment fund
Yang Fan, Director of FOF Investment Department of Changxin Pension, Changxin Yitian Balanced Pension Target Three year Holding Period Hybrid Fund (FOF), Changxin Yitian Balanced Pension Target One year Holding Period Hybrid Fund (FOF), Changxin Yihe Balanced Pension Target Three year Holding Period Hybrid Fund (FOF) Fund manager of the Fund of Three year Holding Period Hybrid Fund (FOF) with the balanced pension goal of CEA
Director of Gaoyuan Research and Development Department, fund manager of Changxin Jinli Trend Hybrid Securities Investment Fund
Director of Yilihong Stock Trading Department
Zhang Wenli, Director of Fixed Income Department, Changxin Pure Bond No. 1 Bond Securities Investment Fund, Changxin Lixin Bond Securities Investment Fund (LOF), Changxin Fuping Pure Bond One year Regular Open Bond Securities Investment Fund, Changxin Wenyi Pure Bond Securities Investment Fund, Changxin Fuhai Pure Bond One year Regular Open Bond Securities Investment Fund Fund manager of Changxin Stable Pure Bond Securities Investment Fund and Changxin Rich Pure Bond One year Regular Open Bond Securities Investment Fund
Lu Ying, Director of Cash Financing Department, Fund Manager of Changxin Interest Income Open ended Securities Investment Fund, Changxin Changjintong Money Market Fund, Changxin Wenxin Three month Regular Open ended Bond Sponsored Securities Investment Fund, Changxin Purui 87 month Regular Open ended Bond Securities Investment Fund and Changxin Wenhui Bond Securities Investment Fund
Ye Song, Assistant General Manager, Director of the Absolute Return Department and Director of the Equity Investment Department, Executive Member of the Investment Decision making Committee, Changxin Enterprise Selected Two year Regular Open Flexible Allocation Hybrid Securities Investment Fund, Changxin Ruijin Flexible Allocation Hybrid Securities Investment Fund, Changxin Enterprise Preferred One year Holding Period Flexible Allocation Hybrid Securities Investment Fund Fund manager of Changxin Xinli Flexible Allocation Hybrid Securities Investment Fund, Changxin Reform Dividend Flexible Allocation Hybrid Securities Investment Fund, Changxin Litai Flexible Allocation Hybrid Securities Investment Fund and Changxin Lixin Flexible Allocation Hybrid Securities Investment Fund
Zuo Jinbao, assistant general manager and director of quantitative investment department, executive member of investment decision-making committee, Changxin Healthcare Industry Flexible Allocation Hybrid Securities Investment Fund (LOF), Changxin Quantitative Pioneer Hybrid Securities Investment Fund, Changxin Quantitative Small and Medium Stock Securities Investment Fund, Changxin Electronic Information Industry Quantitative Flexible Allocation Hybrid Securities Investment Fund Fund manager of quantitative equity securities investment fund and quantitative multi strategy equity securities investment fund of Changxin in low-carbon environmental protection industry
Tu Shitao, Director and Investment Manager of Quantitative Special Account Investment Department
Cai Junhua, Director of Fixed Income Research Department
Chen Yanwu Director of Investment Department and Investment Manager of Special Account
Song Haibin, Director of the Quantitative Research Department, Fund Manager of CEFC CSI 500 Index Enhanced Securities Investment Fund, CEFC National Defense Industry Quantitative Flexible Allocation Hybrid Securities Investment Fund, CEFC CSI 300 Index Enhanced Securities Investment Fund and CEFC Advanced Equipment Three month Holding Hybrid Securities Investment Fund
Feng Bin, Director of the Fixed Income Multi Strategy Department, Changxin Jinkui Pure Bond One year Regular Open Bond Securities Investment Fund, Changxin Li Bao Bond Securities Investment Fund, Changxin Wenyu Three month Regular Open Bond Initiator Securities Investment Fund, Changxin Fu'an Pure Bond Half year Regular Open Bond Securities Investment Fund, Changxin Fumin Pure Bond One year Regular Open Bond Securities Investment Fund Fund manager of Changxin Prudent Pure Bond Securities Investment Fund and Changxin Pure Bond One year Regular Open Bond Securities Investment Fund
Cui Feiyan, Director of Investment Department and Investment Manager of Fixed Income Special Account
Note: None of the above persons have close relatives
（3） Responsibilities of the Fund Manager
1. Raise funds according to law, handle or entrust other institutions recognized by the CSRC as the basis for handling
Sale, subscription, redemption and registration of gold units;
2. Handling the fund filing procedures;
3. The Fund Contract shall be managed and applied in the principle of good faith, prudence and diligence from the effective date
Fund assets;
4. Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making
Mode of operation Management and operation of fund assets;
5. Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure
The fund property managed by the stock exchange and the property of the fund manager are independent of each other, and they manage different funds under their management separately
Manage, keep separate accounts, and invest in securities;
6. Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund property shall not be used
To seek benefits for oneself and any third party, and shall not entrust any third party to operate the fund property;
7. Accept the supervision of the Fund Custodian according to law;
8. The party that takes appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The Law complies with the provisions of the Fund Contract and other legal documents, and calculates and publishes the net fund value information in accordance with relevant provisions,
Determine the price of subscription and redemption of fund units;
9. Conduct fund accounting and prepare fund financial accounting reports;
10. Prepare quarterly report, interim report and annual report;
11. Perform information disclosure and reporting in strict accordance with the Fund Law, the Fund Contract and other relevant provisions
Obligation to sue;
12. Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure
Disclose to others, except for the circumstances required by external professional consultants such as audit and law consultants;
13. Determine the fund income distribution plan as agreed in the Fund Contract, and timely report to the fund share holders
Distribution of fund income;
14. Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
15. Convene a general meeting of fund unit holders in accordance with the Fund Law, the Fund Contract and other relevant provisions
Or cooperate with the Fund Custodian and the Fund Unitholders to convene a general meeting of the Fund Unitholders in accordance with the law;
16. Keep accounting books, statements, records and other relevant information of fund property management business activities as required
If the information is more than 20 years old and otherwise specified by laws, regulations or regulatory rules, the provisions shall prevail;
17. Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and ensure that
The securities investors can check the funds related companies at any time according to the time and method specified in the Fund Contract
Open documents and obtain copies of relevant documents at reasonable cost;
18. Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation and change of fund assets
Present and distribution;
19. In case of dissolution, cancellation or bankruptcy according to law, timely report to the CSRC and
Notify the Fund Custodian;
20. Loss of fund assets or damage to the legitimate rights of fund share holders due to violation of the Fund Contract
Yishi shall bear the liability for compensation, and its liability for compensation shall not be exempted by his retirement;
21. Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall be the Fund Unitholder
The interests shall be recovered from the Fund Custodian;
22. When the Fund Manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Undertake responsibility for the conduct of affairs, but the fund property or the interests of fund share holders are subject to
The Fund Manager has the right to claim compensation from a third party when the Fund Manager first assumes the responsibility;
23. In the name of the Fund Manager, exercise litigation rights or implement other actions on behalf of the Fund Unitholders
Legal act;
24. If the Fund Manager fails to meet the filing conditions for the Fund during the raising period, the Fund Contract cannot be renewed
Effective, the fund manager shall bear all the raising costs, and shall add the raised funds to the current deposit interest of the bank for the same period
Return to the fund subscriber within 30 days after the end of the fund raising period;
25. Implement the effective resolutions of the general meeting of fund unit holders;
26. Establish and maintain the register of fund unit holders;
27. Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
（4） Commitment of the Fund Manager
1. The Fund Manager promises to strictly abide by the Fund Law and relevant laws and regulations, and establish a sound internal system
Control system and take effective measures to prevent violations of the above laws and regulations;
2. The Fund Manager undertakes to prevent the following prohibited acts:
(1) Mix its own property or other people's property with the fund property to engage in securities investment;
(2) Unfairly treat different fund assets under its management;
(3) Seeking benefits for a third party other than the Fund Unitholders by taking advantage of the Fund's assets or position;
(4) Committing gains or bearing losses to fund share holders in violation of regulations;
(5) Embezzlement and misappropriation of fund assets;
(6) Disclose the unpublished information obtained for the convenience of his position, use the information to engage in or express or imply
Others engaged in relevant trading activities;
(7) Neglect of duty and fail to perform duties according to regulations;
(8) Other acts prohibited by laws, administrative regulations and the CSRC.
3. Fund manager commitment
(1) In accordance with the relevant laws and regulations and the provisions of the Fund Agreement, the Fund shall hold
Someone seeks the best interests;
(2) Do not take advantage of their positions to seek benefits for themselves, employees or any third party;
(3) Do not disclose business secrets related to securities and funds learned during the term of office, which have not been disclosed according to law
Information such as fund investment content and fund investment plan;
(4) Do not assist, accept entrustment or conduct securities trading for other organizations or individuals in any other form.
（5） Risk management system and internal control system of the fund manager
The fund manager attaches great importance to internal risk control and has established a sound risk management system and control system,
Systematically ensure the standardized operation of the Fund.
1. Overall objective of the Company's internal control
(1) Ensure the legality and compliance of the company's operation and management activities;
(2) To ensure that the legitimate rights and interests of fund unit holders are not infringed;
(3) To achieve steady and sustainable development of the company and safeguard shareholders' rights and interests;
(4) Promote all employees of the company to abide by professional ethics, integrity, honesty, self-discipline, diligence and responsibility.
2. Principles of internal control system
(1) Principle of legality and compliance: the company's internal control system should comply with national laws and regulations and various regulations
Definitely.
(2) Principle of comprehensiveness: the internal control system should cover all departments and positions of the company, and penetrate all
It is applicable to every employee of the company.
(3) Principle of effectiveness: establish reasonable internal control procedures through scientific internal control means and methods
The internal control system should be highly authoritative, and no employee should support
They have the right to exceed the institutional constraints.
(4) Independence principle: the establishment of the company on the basis of simplification can fully meet the needs of the company's operation
Important institutions, departments and posts, and their responsibilities should be relatively independent. Inherent in the company
The operation of assets, fund assets and other assets shall be separated.
(5) The principle of mutual restriction: the internal organization, department and position of the company should be set up with clear rights and responsibilities
Mutual checks and balances.
(6) Firewall principle: the company's fund investment, trading, research planning, market development and other relevant departments,
It should be properly separated in space and system to achieve the purpose of risk prevention. Within the knowledge of business needs
The staff of information disclosure shall formulate strict approval procedures and supervision measures.
(7) Prudence principle: the internal control system should be formulated based on prudent operation, risk prevention and mitigation
Starting point.
(8) Timeliness principle: the formulation of internal control system should follow the adjustment and publicity of relevant laws and regulations
Timely modify or improve the internal and external environment changes such as the company's business strategy, business policy and business philosophy.
(9) Cost benefit principle: the company uses scientific management methods to reduce operating costs and improve
Economic benefits, with reasonable control cost to achieve the best internal control effect.
(10) The principle of maintaining the same status with business development: the development of the company must be based on the risk control system
On the basis of perfection and stability, internal risk control should be placed on the same position as the company's business development.
(11) The principle of combining qualitative and quantitative analysis: establish a complete risk control index system to make risk control more efficient
It is objective and operational.
3. Internal risk control architecture
The company's internal control system consists of different levels. The board of directors, management (including the inspector general)
The Internal Control Committee, the Supervision and Audit Department and other departments and positions of the Company shall take risks within their respective responsibilities
Insurance control responsibility.
(1) The Board of Directors: be fully responsible for the risk control of the company, and establish and maintain the internal control system
Take ultimate responsibility for its effectiveness;
(2) Operation management: responsible for risk control in daily operation and management, and internal control system
Take responsibility for the effective implementation of; Inspector General: responsible for the internal management, asset operation and operation management of the company
The internal departments and posts shall supervise and inspect the implementation of the system and the compliance with laws and regulations, and the internal risks of the company
Evaluate the legality, compliance and rationality of the insurance control system;
(3) Internal Control Committee: assist the management in the risk control of the company, mainly responsible for
Evaluate the risks of the company in operation, management and fund operation, study and formulate corresponding control systems, and assist
Dispatch and handle sudden major events or crisis events. The internal control committee is mainly composed of the company's management and
The composition of the head of the department;
(4) The Supervision and Audit Department is responsible for inspecting and evaluating the legality, compliance and integrity of the company's internal control system
Preparedness, effectiveness and implementation; Conduct daily audit on the company's business and fund operation; yes
Carry out comprehensive supervision and inspection on the risk control of all departments, positions and businesses, and report to the inspector in time
Check the results. The Supervision and Audit Department shall independently exercise the right of inspection and be responsible for the operation management;
(5) Business department and positions of the company: the business department of the company, according to the basic management system of the company,
Formulate the management measures and implementation rules of the department according to the specific conditions of the department, and strengthen the management of various businesses and businesses
Risk control of links; Each post of the company: according to job responsibilities and business operation procedures, according to business authorization specifications
Operation and strict control of operational risks.
4. Internal control system
The company has developed a reasonable, complete, effective and easy to implement internal risk control system. Company system
The degree system consists of systems at different levels, which can be divided into four levels according to their effectiveness:
The first level is the articles of association.
The second level is the company's internal control outline, which is the basis and basis for the company to formulate various rules and regulations,
The internal control outline defines the internal control objectives, principles, environment and measures.
The third level is the company's basic management system, which includes risk control system, investment management system
Financial accounting system, information disclosure system, supervision and audit system, information technology management system, company financial system
Information and file management system, human resources system, performance evaluation and assessment system and crisis management system, etc.
The fourth level is the business rules and implementation rules of each department of the company. Department business rules and implementation rules
On the basis of the basic management system, the main responsibilities, post settings, post responsibilities and operations of each department
Specific description of codes, etc.
The company attaches importance to the continuous inspection of the system, combining the development of business, changes in regulations and regulatory environment
The company's risk control requirements, constantly review and enhance the completeness and effectiveness of the company's system.
5. Internal risk management system
The risks faced by the Fund in its operation mainly include market risk, credit risk, liquidity risk
Operational risk, compliance risk and force majeure risk.
For the above risks, the Fund Manager has established a complete set of risk management procedures, including
The following:
(1) Investment risk management;
(2) Transaction risk management;
(3) Large redemption risk management;
(4) Fund registration risk management;
(5) Fund accounting risk management;
(6) Market development risk management;
(7) Information disclosure risk management;
(8) Force majeure risk management.
6. Risk management and internal control measures
(1) Establish internal control structure and improve internal control system: establish and improve effective internal control system,
Ensure that all business activities have appropriate authorization and clear division of labor, and ensure the independence
authoritative;
(2) Establish an internal control mechanism of mutual separation and checks and balances: establish a clear post separation system,
Separate research and decision-making, concentrate fund transactions, and form a balance mechanism between different departments and positions,
At the same time, space isolation shall be carried out, and a firewall shall be established to fully ensure the isolation and confidentiality of information and reduce the
Risk prevention;
(3) Establish and improve the post responsibility system: establish and improve the post responsibility system so that every employee knows
Determine their own tasks and responsibilities, and timely report the risks and hidden dangers found in their own work areas to prevent and resolve
Risk;
(4) Establish risk classification, identification, assessment, report and prompt procedures: establish an internal control committee
Yes, use appropriate procedures and methods to identify and assess risks in the company's operation, management and fund operation; build
Establish a bottom-up risk reporting procedure, report risk hazards at all levels, and make personnel at all levels timely
Master the risk situation, so as to make decisions as quickly as possible and reduce the losses caused by risks;
(5) Establish an effective internal monitoring system: establish an adequate and effective internal monitoring system, such as
Computer early warning system and investment monitoring system can conduct comprehensive and real-time monitoring on various possible risks;
(6) Use quantitative risk management means: adopt quantitative and technical risk control means,
Establish a quantitative risk management model to prompt the index trend, industry and individual stock risks, so that the company
Timely take effective measures to disperse, control and avoid risks and minimize losses;
(7) Provide adequate training: a complete training plan has been developed to provide adequate and suitable training for all employees
When training, constantly improve the quality and professional skills of employees, prevent and resolve risks.
7. Statement of Fund Manager on Internal Compliance Control
(1) The Fund Manager promises that the above disclosure of internal control is true and accurate;
(2) The Fund Manager promises to continuously improve internal control according to market changes and the Company's development.
4、 Fund Custodian
（1） Fund Custodian
1. Basic information
Name: China Minsheng Bank Co., Ltd
Address: No. 2, Fuxingmennei Street, Xicheng District, Beijing
Office address: No.2 Fuxingmennei Street, Xicheng District, Beijing
Postal code: 100031
Legal representative: Gao Yingxin
Date of establishment: February 7, 1996
Approval No. of fund custody business: Zheng Jian Ji Jin Zi [2004] No. 101
Organizational form: other limited liability companies (listed)
Registered capital: RMB 28365585227
Duration: February 7, 1996 to long-term
Tel.: 010-58560666
Contact: Luo Feifei
China Minsheng Bank is the first national joint-stock commercial bank mainly invested by non-public enterprises
At the same time, it is a standardized joint-stock financial enterprise established in strict accordance with the Company Law and the Commercial Bank Law
Industry. The involvement of various economic sectors in China's financial industry and the realization of a standardized modern enterprise system have helped China's people's livelihood
Different from state-owned banks and other commercial banks, banks are concerned by economic and financial circles at home and abroad. China
Since its establishment 20 years ago, Minsheng Bank has continuously expanded its business, expanded its scale, increased its benefits year by year, and maintained
It has developed rapidly and healthily.
On December 19, 2000, China Minsheng Bank A share (600016) was listed in Shanghai Stock Exchange
Listed. On March 18, 2003, China Minsheng Bank's 4 billion convertible corporate bonds were listed on the Shanghai Stock Exchange
Form listing transaction. On November 8, 2004, China Minsheng Bank successfully issued
RMB 5.8 billion in subordinated bonds, becoming China's first successful private placement in the national inter-bank bond market
Subordinated bonds of commercial banks. On October 26, 2005, Minsheng Bank successfully completed the share trading reform,
To become the first commercial bank in China to complete the non tradable share reform, providing support for the non tradable share reform in China's capital market
A successful example. On November 26, 2009, China Minsheng Bank was listed on the Hong Kong Stock Exchange.
Since its listing, China Minsheng Bank has followed the principle of "unity, pioneering and innovation, talent cultivation and strict management"
Rationality, standardizing behavior, being professional and law-abiding; The operation and development policy of "pay attention to quality, improve efficiency and develop healthily",
We have carried out beneficial exploration in reform, development and management, and successively launched the "big centralized" science and technology platform
Rate "assessment mechanism," three card "project, independent review system, eight basic management systems, centralized processor
Institutional innovations such as the reform of the business model and the Division have achieved the strategic objectives of low risk, rapid growth and high efficiency,
It has established a brand new commercial bank image full of vitality and vigor.
Minsheng Bank won the "Golden Round Table" Award of Excellent Board of Directors of the 13th Board of Directors of Listed Companies;
Minsheng Bank won the "2017 microenterprise" award in the 11th Golden Cicada Award held by Huaxia Times
Financial Services Bank ";
Minsheng Bank was awarded the title of "2016 Best Wealth Management Private in China" by Asian Currency magazine
Bank "award;
Minsheng Bank was awarded the "Best E-bank of the Year" and "Top 10 Direct Banks of the Year" by Sina Finance
Awards;
Minsheng Bank won the "Best Product Design Innovation Award" issued by VISA;
Minsheng Bank won the "Annual Outstanding Capital Award" in the "China Outstanding Finance Award" held by the Economic Observer
Property Management Bank ";
Minsheng Bank was awarded the "2016 Inter bank Local Currency Market" by the National Interbank Funding Center
Excellent dealer "," 2016 excellent derivatives dealer in inter-bank local currency market "and" 2016 silver
Excellent Bond Dealers in Inter bank Local Currency Market;
Minsheng Bank was awarded the "2016 Excellent Comprehensive Market Making Institution" by China Inter bank Transaction Consultation
And the award of "2016 Excellent Credit Bond Market Maker";
Minsheng Bank was awarded the title of "The Best Media Group in 2017" by WPP (one of the largest media groups in the world)
Top 100 Value Chinese Brands ";
Minsheng Bank was awarded the "2016 Special Contribution Award" at the annual meeting of China Asset Securitization Forum.
2. Key personnel
Mr. Zhang Qing, General Manager of Asset Custody Department of China Minsheng Bank, PhD candidate, has a fund custodian
Senior management qualification, engaged in financial leasing, securities investment, bank management and other work, with 26
With years of financial experience, he has not only rich first-line practical experience, but also solid experience in headquarters management. Successive posts
Vice President of Xi'an Branch of China Minsheng Bank, Leader, President and Party Committee of Preparatory Group of Shenyang Branch of China Minsheng Bank
Secretary.
3. Operation of fund custody business
China Minsheng Bank Co., Ltd. obtained the fund custody qualification on July 9, 2004, and became the "China Minsheng Bank"
The first bank approved to engage in fund custody business after the promulgation of the Securities Investment Fund Law of the People's Republic of China. in order to
Give better play to the advantage of backwardness, vigorously develop custody business, and China Minsheng Bank Co., Ltd. asset custody
Since its establishment, the Ministry of Finance has been fully protecting the interests of fund holders and providing customers with high-quality custody services
In principle, establish systems, improve systems and organize personnel from a high starting point. The Asset Custody Department currently has 72 employees
People, the average age is 38 years old, 100% of employees have bachelor's degree or above, 64% of employees have master's degree or above
Diploma.
China Minsheng Bank insists on customer demand orientation and adheres to the principle of "integrity, preciseness, efficiency and pragmatism"
Business philosophy, relying on rich asset custody experience, professional custody business services and advanced custody business
Taiwan, to provide safe, accurate, timely and efficient professional custody services for customers at home and abroad. By 2021
On June 30, China Minsheng Bank has entrusted 287 securities investment funds. Asset Custody of China Minsheng Bank
On February 6, 2018, the Ministry of Finance and Industry released the brand of "Love Trusteeship"
Representatives were invited to attend the launching ceremony. The Asset Custody Department has always been customer-centric and committed to providing
For comprehensive and integrated financial services. Vigorously integrate intra bank resources internally and extensively build customer service platforms externally,
To provide professional and value-added custody comprehensive financial services to various custody customers, which has been fully recognized by all walks of life,
It has also established a good brand image in the market and become a distinctive custodian bank in the market. Since 2010
Since, China Minsheng Bank has been awarded the "Most Promising Trusteeship Bank", "Most Promising Trusteeship Bank"
"Best Innovative Trusteeship Bank", "Gold Medal Innovative Trusteeship Bank" and "Annual Gold Medal Trusteeship Bank"
Won the "Best Financial Service Custodian Bank" award issued by 21st Century Economic Report, especially in 2019
The "Best Custodian Bank of the Year" award is jointly awarded by the Financial Times and the National Finance and Development Laboratory.
（2） Internal control system of fund custodian
1. Internal risk control objectives
(1) Establish a complete, rigorous and efficient risk control system to form a scientific decision-making mechanism and executive mechanism
System and supervision mechanism, prevent and resolve operational risks, and ensure the stable operation of asset custody business and custody property
Is safe and complete.
(2) Vigorously cultivate the culture of compliance, and consciously form the management idea and management theory of law-abiding operation and standardized operation
Read, strictly control compliance risks, and ensure that asset custody business complies with relevant national laws and regulations and industry regulatory regulations
Then.
(3) With mutual checks and balances, a sound and effective risk control organizational structure as the guarantee, and a sound system as the basis,
Focusing on the implementation of process control, and relying on advanced information technology, establish a comprehensive and systematic system
Unified, dynamic, proactive, conducive to error prevention, plugging loopholes, eliminating hidden dangers, and ensuring the steady operation of business
Risk control system to ensure the trusteeship business information is true, accurate, complete and timely.
2. Internal risk control organizational structure
The senior management of the Head Office is responsible for deploying the risk management work of the whole bank. The Head Office Risk Management Committee is the head office
The risk management professional committee under the senior management is responsible for the senior management and supports the senior management in its performance
Perform duties. Risk control of asset custody business is under the unified deployment and guidance of the Head Office Risk Management Committee
develop.
Each department of the Head Office cooperates closely to jointly control the risks in the operation of asset custody business, and the specific responsibilities are as follows:
The risk management department of the head office, as the secretary of the risk management committee of the head office, is responsible for the risk management of the whole bank
The overall planning department shall guide the risk control work of the Asset Custody Department; Head Office Legal Affairs Department is responsible for asset custody
Examination and approval of relevant contracts, agreements and other documents under the management of business; The Head Office's Internal Control&Compliance Department is responsible for this business and management
Compliance review, inspection and supervision of rectification; The Head Office Audit Department conducts internal audit on the bank wide custody business. package
Including regular internal audit, on-site and off-site inspection, etc; Head Office Office and Asset Custody Department jointly develop reputation
Risk response plan. Conduct targeted public opinion on reputation risk events caused by custody business as required by the Asset Custody Department
Situation monitoring, emergency disposal of reputation risks caused by custody business, including communication with national media
Pass, avoid negative reports, organize positive responses, etc.
3. Internal risk control principle
(1) Principle of legality and compliance. Risk control shall comply with and reflect national laws, regulations, rules and various policies
Policy.
(2) Principle of comprehensiveness. Risk control covers all business centers, positions and people at all levels of the Custody Department
And covers all aspects of asset custody business.
(3) Principle of effectiveness. The practitioners of asset custody business should spare no effort to maintain the effective implementation of the internal control system
Yes, no one has the right to exceed the system constraints.
(4) The precautionary principle. The management concept of "prevention first" must be established to control the asset custody business
The source of risk is to prevent problems before they occur and try to avoid problems in business operation.
(5) Timeliness principle. The formulation of the risk control system for asset custody business should be forward-looking, and
With the change of the internal environment of the Trusteeship Department, such as business strategy, business policy, business philosophy, and national laws and regulations
Timely modify or improve the external environment such as policies and systems. If problems are found, they should be solved in time
Plug holes.
(6) The principle of independence. Each business center and each post maintains relative independence in function. Risk monitoring
Heart is the executive agency under the Asset Custody Department and is not subject to interference from other business centers and individuals. Business operators
It is strictly separated from the inspectors to ensure that the work of the risk control organization is not disturbed.
(7) The principle of mutual restriction. Each business center and each post has clear rights and responsibilities and checks each other
To eliminate the blind spot of risk control, the banks should take measures to check and balance each other.
(8) Firewall principle. The custody bank's own finance is strictly separated from the custody asset finance; Custody business day
The regular operation department is isolated from the administrative, R&D and marketing departments.
4. Internal risk control system and measures
(1) System construction: clear job responsibilities, scientific business processes, detailed operation manuals
A series of rules and regulations such as strict code of conduct for personnel.
(2) Establish a sound organizational management structure: separate front and rear offices, and check each other between different departments and positions.
(3) Risk identification and assessment: the risk supervision center guides the business center to conduct risk identification and assessment
Determine and implement risk control measures.
(4) Relatively independent business operation space: the business operation area is relatively independent, and access control management and audio and video are implemented
monitor.
(5) Personnel management: conduct regular business and professional ethics training to enable employees to establish risk prevention and control
And sign a letter of commitment.
(6) Emergency plan: prepare a complete Emergency Plan and organize employees to exercise regularly; Establish remote disasters
Standby center to ensure uninterrupted business.
5. Internal risk control of Asset Custody Department
China Minsheng Bank Co., Ltd
The risk control system of custody business has been established in five aspects, including monitoring.
(1) Adhere to the concept that risk management is as important as business development. Custody business is emerging in commercial banks
Intermediate business, the Asset Custody Department of China Minsheng Bank Co., Ltd. has put special emphasis on standardization since its establishment
In operation, we have always focused on establishing a systematic and efficient risk prevention and control system. With the city
Changes in market environment and rapid development of custody business, new problems and new situations continue to emerge, China Minsheng Banking Co., Ltd
The Asset Custody Department of the Company has always put risk management at the same important position as business development, depending on the risk
Prevention and control are the lifeline for the survival and development of the trusteeship business.
(2) Implement risk management for all employees. Perfect risk management system needs the cooperation of every employee from top to bottom
Participation. Only in this way can the risk control system and measures be comprehensive and effective. China Minsheng Bank Co., Ltd
The Asset Custody Department of the Company implements risk management for all employees and assigns risk control responsibilities to specific business centers and businesses
Each employee is responsible for the risks within the scope of his/her job responsibilities.
(3) Establish a risk control organizational structure with clear division of labor and mutual restraint. The Trusteeship Department has established a vertical double
The internal organizational structure of personnel system and horizontal multi center system forms an organization of checks and balances between different centers and positions
Structure.
(4) Take system construction as the core of risk management. Asset Custody of China Minsheng Bank Co., Ltd
The Ministry of Finance attaches great importance to the construction of the internal control system and has established a set of internal risk control systems, including
Business management measures, internal control system, employee behavior norms, job responsibilities and all backstage operation links
Operation manual of. The above systems will continue to increase and improve with the development of the external environment and business.
(5) The implementation and supervision of the system is the key to risk control. System implementation is more important than system preparation
Degree implementation inspection is a strong guarantee for risk control management. Asset Custody Department of China Minsheng Bank Co., Ltd
A full-time risk supervision center is set up internally to conduct regular audit and inspection of business operation in accordance with relevant laws and regulations
Check. The Head Office Audit Department also conducts audit and inspection on the Asset Custody Department from time to time.
(6) Apply advanced technical means to risk control. In risk management, technical control risk ratio
The system control risk is more reliable, which can minimize the human uncertainty. The requirements of the hosting business system are not only
The trusteeship business technology system has a strong ability to be demonstrated by many parties in terms of business and risk control
Automatic risk control function of.
（3） Methods and procedures for the Fund Custodian to supervise the Fund Manager's operation of the Fund
In accordance with the Fund Law, the Operation Measures, the Fund Contract, the Custody Agreement and relevant laws and regulations,
Investment object of the fund, investment portfolio proportion of fund assets, accounting of fund assets, net value of fund assets
Calculation of, provision and payment of the remuneration of the Fund Manager, provision and payment of the remuneration of the Fund Custodian, application for the Fund
Supervise the legality and compliance of purchase fund receipt, redemption fund transfer, fund income distribution and other behaviors
Supervision and verification.
The Fund Custodian finds that the Fund Manager has violated the Fund Law, the Operating Measures, the Fund Contract
The Fund Manager shall be notified in writing to correct the acts specified in the management agreement and relevant laws and regulations within a time limit,
After receiving the notice, the Fund Manager shall check and confirm in a timely manner and send a written reply to the Fund Custodian. stay
Within the time limit, the Fund Custodian has the right to review the notice at any time and urge the Fund Manager to make corrections. fund
If the Manager fails to correct the violations notified by the Fund Custodian within the time limit, the Fund Custodian shall report
China Securities Regulatory Commission.
If the Fund Custodian finds that the Fund Manager has major violations, it shall immediately report to the CSRC
Notify the fund manager to make corrections within a time limit.
5、 Relevant service agencies
（1） Fund unit sales agency
1 1. Direct Marketing Center: Changxin Fund Management Co., Ltd
Registered address: 9/F, 68 Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone
Office address: 9/F, Times Financial Center, 68 Yincheng Middle Road, Pudong New Area, Shanghai
Legal representative: Liu Yuanrui Contact person: Gu Xun
Tel.: 021-61009916 Fax: 021-61009917
Customer service hotline: 400-700-5566 Company website: www.cxfund.com.cn
2. OTC sales agency
1 Changjiang Securities Co., Ltd
Registered address: Changjiang Securities Building, No. 8 Xinhua Road, Wuhan
Office address: Changjiang Securities Building, No. 8 Xinhua Road, Wuhan
Legal representative: Li Xinhua Contact person: Xi Boyu
Tel.: 027-65799999 Fax: 027-85481900
Customer service telephone: 95579 or 4008-888-999 Website: www.95579.com
2 Ant (Hangzhou) Fund Sales Co., Ltd
Registered address: Room 599, Floor 5, Building 3, No. 969, Wenyi West Road, Wuchang Street, Yuhang District, Hangzhou, Zhejiang Province
Office address: 6/F, Block B, Huanglong Times Square, Xihu District, Hangzhou, Zhejiang
Legal representative: Zhongguo Ming Contact person: Han Aibin
Tel.: 0571-81137494 Fax: 4000-766-123
Customer service hotline: 4000-766-123 Website: www.fund123.cn
3 Shanghai Tiantian Fund Sales Co., Ltd
Registered address: Floor 2, Building 2, No. 190, Longtian Road, Xuhui District, Shanghai
Office address: Oriental Fortune Building, No. 88, Wanping South Road, Xuhui District, Shanghai
Legal representative: Actually, contact person: Yu Qiangping
Tel.: 021-54509998 Fax: 021-64385308
Customer service hotline: 400-1818-188 Website: fund.eastmoney.com
4 Zhuhai Yingmi Fund Sales Co., Ltd
Registered address: Room 2719, No. 3000, Huandao East Road, Hengqin New District, Zhuhai
Office address: Floor 33, North Tower, Poly International Plaza, No. 688, Yuejiang Middle Road, Haizhu District, Guangzhou
Legal representative: Xiao Wen Contact person: Qiu Xiangxiang
Tel.: 020-89629099 Fax: 020-89629011
Customer service hotline: 020-89629066 Website: www.yingmi.cn
5 Beijing Snowball Fund Sales Co., Ltd
Registered address: Room 1501, 15/F, Building 6, Yard 34, Chuangyuan Road, Chaoyang District, Beijing
Office address: Floor 17, Building C, Rongxin Technology Center, No. 34 Chuangyuan Road, Chaoyang District, Beijing
Legal representative: Li Nan Contact person: Wu Di
Tel.: 010-57319532
Customer service hotline: 400-1599-288 Website: www.danjuanfunds.com
6 Shanghai Jiyu Fund Sales Co., Ltd
Registered address: Room 6153, Building 2, No. 1800, Panyuan Road, Changxing Town, Chongming County, Shanghai (Taihe Economic Development Zone, Shanghai)
Office address: Room 1503, Taiping Financial Building, No. 488, Yincheng Middle Road, Pudong New Area, Shanghai
Legal representative: Wang Xiang Contact person: Zhang Weijing
Tel.: 021-65370077-255 Fax: 021-55085991
Customer service hotline: 400-820-5369 Website: www.jiyufund.com.cn
7 Beijing Duxiaoman Fund Sales Co., Ltd
Registered address: Room 103, Floor 1, Building 4, West District, Yard 10, Xibeiwang East Road, Haidian District, Beijing
Office address: Building 4, West Area, Yard 10, Xibeiwang East Road, Haidian District, Beijing
Legal representative: Ge Xin Contact person: Wang Xiaoyu
Tel.: 010-59403028 Fax: 010-59403027
Customer service hotline: 95055-4 Website: www.baiyingfund.com
8 Oriental Fortune Securities Co., Ltd
Registered address: Building 10, International Headquarters City, Liuwu New District, Lhasa, Tibet Autonomous Region
Office address: Oriental Fortune Building, No. 88, Wanping South Road, Xuhui District, Shanghai
Legal representative: Dai Yan Contact person: Chen Yanan
Customer service telephone: 95357 Fax: 021-23586860
company website: http://www.18.cn
9 Shanghai Wande Fund Sales Co., Ltd
Registered address; Building B, Floor 11, No. 33, Fushan Road, China (Shanghai) Pilot Free Trade Zone
Office address: Wande Building, No. 1500, Puming Road, Pudong New Area, Shanghai
Legal representative: Huang Yi Contact person: Ma Yiying
Tel.: 021-50712782
Customer service hotline: 400-799-1888 Website: www.520fund.com.cn
The Fund Manager may, in accordance with the requirements of relevant laws and regulations, choose other institutions that meet the requirements to sell the Base as agents
Jin, and publicized on the fund manager's website.
（2） Other relevant institutions
Information type Registration agency Law firm Accounting firm
Name: Changxin Fund Management Co., Ltd. Shanghai Yuantai Law Firm Deloitte Touche Tohmatsu Certified Public Accountants (special general partnership)
Registered address China (Shanghai) Free Trade No. 256, Pudong South Road, Shanghai Yan'andong, Huangpu District, Shanghai
Room 1405, Huaxia Bank Building, 9/F, No. 68, Yincheng Middle Road, Test Area, 30/F, No. 222, Road
Office address: Room 1405, Huaxia Bank Building, No. 256, Pudong South Road, Shanghai, 9/F, No. 68, Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone, 30/F, No. 222, Yan'an East Road, Huangpu District, Shanghai
Legal representative: Liu Yuanrui, Liao Hai (principal): Zeng Shunfu
Tel: 021-61009999 021-51150298 021-61418888
Fax: 021-61009800 021-51150398 021-61411909
Contact Sun Honghui, Liu Jia, Jiang Yaping, Zeng Hao
6、 Fund raising
The Fund Manager shall, in accordance with the Fund Law, the Operation Measures, the Sales Measures and the Information Disclosure
Measures and other relevant provisions and fund contracts, and approved by the CSRC on October 14, 2021
[2021] 3261.
（1） Fund type, duration and operation mode
1. Type of fund: hybrid securities investment fund.
2. The operation mode of the fund: contractual and open.
For each fund unit, the starting date of the one-year holding period refers to the effective date of the fund contract (for subscription units)
Or the confirmation date of the application for subscription of the fund units (for subscription units). For each fund share, one year
The term maturity date refers to the annual corresponding date one year after the starting date of the one-year holding period of the fund units. Corresponding date of the year,
It refers to the corresponding date of a specific date in the subsequent year. If there is no such corresponding date in the year, the year will be taken
The last day of the corresponding month; If that day is not a working day, it shall be postponed to the next working day. In the fund share
Prior to the expiration date of the one-year holding period (excluding that day), the fund unit holder cannot redeem the fund unit
Or transfer out application; As of the expiration date (inclusive) of the one-year holding period of fund units, fund unit holders
An application for redemption or transfer out of the fund units may be made. Due to force majeure or other circumstances agreed in the fund contract
As a result, the Fund Manager is unable to open and handle the fund shares on time on the expiration date of the one-year holding period of the fund shares
In case of redemption or conversion of transfer out business, the maturity date of the one-year holding period of the fund units shall be postponed to force majeure or
The next working day from the date when the influencing factors of other circumstances agreed in the fund contract are eliminated.
Fund share holders apply for redemption or
In case of transfer out, the Fund Manager will be the Fund Unitholder in accordance with the Prospectus or relevant announcement
Handle redemption or transfer out.
3. Duration of the Fund: irregular.
（2） Way of raising
It is publicly sold through the fund sales outlets of each sales agency. For the specific list of each sales agency, see the fund
The offering announcement and the list published on the fund manager's website.
Investors can also log on to our website (www.cxfund. com. cn) to make online payment with our company
Relevant agreements of Yide, acceptance of relevant service terms of our company, and understanding of specific business rules related to online fund trading
Then, we will open an account, subscribe and other businesses through our online direct sales system. (At present, our company only deals with individuals
Investors open online trading services.)
The Fund Manager may increase or decrease other selling institutions on a commission basis and publish them on the Fund Manager's website
Shows.
（3） Raising period
According to relevant laws and regulations, the raising period of the Fund shall not exceed
Three months later.
The offering period of the Fund is from April 13, 2022 to July 12, 2022.
The Fund Manager may appropriately extend the offering period according to the specific circumstances of the subscription, but the maximum extension shall not exceed the statutory offering
Period; At the same time, the selling time can be shortened according to the subscription and market conditions.
In case of emergencies, the above arrangement of the raising period can be properly adjusted according to law and announced in advance.
（4） Raising objects
Individual investors, institutional investors, contract investors who can invest in securities investment funds in accordance with laws and regulations
Qualified foreign institutional investors and RMB qualified foreign institutional investors, as well as laws and regulations or the CSRC
Other investors allowed to purchase securities investment funds.
（5） Raising scale
The maximum offering size of the Fund shall be subject to the offering announcement or other relevant announcements.
（6） Unit type of the fund
The Fund divides the Fund units into
Different categories.
The basis for charging subscription and subscription fees when investors subscribe and subscribe to the fund, without drawing sales service fees
Gold shares, called Class A fund shares; No subscription or subscription will be collected when investors subscribe or subscribe to fund units
Fees refer to the fund shares for which sales service fees are withdrawn from the fund assets of this category, which are called Class C fund shares.
The codes of Class A and Class C fund units of the Fund are set respectively. Due to different fund fees, the Fund A
The net value of fund units will be calculated separately for Class A fund units and Class C fund units. The calculation formula is for each category on the calculation date
Divide the net asset value of the fund by the total number of fund units of this category on the calculation date.
Investors can choose the types of fund units to subscribe or subscribe for by themselves.
In the case of no material adverse impact on the interests of fund share holders, according to the actual operation of the fund
In addition, after performing appropriate procedures, the Fund Manager may add new funds upon consensus with the Fund Custodian
Fund share category, lower the rate level of existing fund share category, and stop the sale of existing fund share category
Or adjust the classification rules of fund units. This adjustment does not need to convene a general meeting of fund unit holders, but must be reported
The Regulatory Commission shall record and announce in advance.
（7） Initial par value of fund units, subscription fees and calculation of subscription units
1. The initial selling face value of the Fund units is RMB 1.00, which is sold at face value.
2. The Fund is subscribed in full. All subscriptions are applied for in amount.
3. Subscription fee
The subscription fee will be charged when investors subscribe for the Class A fund units of the Fund; Class C fund units are not
Collect subscription fees. In addition to the pension customers who subscribe Class A fund shares through the direct marketing center
Other investors implement different subscription rates. During the raising period, investors can subscribe for the Fund for many times
The subscription rate of gold shares shall be calculated separately for each subscription application.
Pension clients include funds raised by basic pension funds and legally established pension plans and their investments
Supplementary pension funds formed by operating income, including:
(1) National Social Security Fund;
(2) Local social security funds that can invest in funds;
(3) Single plan and collective plan of enterprise annuity;
(4) Asset management plan for specific clients entrusted by the enterprise annuity council;
(5) Enterprise annuity and pension products.
If a new pension fund type approved by the pension fund supervision department appears in the future, the fund manager can
When the prospectus is updated or an interim announcement is issued to include it in the scope of pension clients.
Pension customers who subscribe for fund shares through the fund manager's direct marketing center and others
The subscription rate for investors to subscribe for fund units is as follows:
Single subscription amount of fund share category (M, including subscription fee) Subscription rate of non pension customers Subscription rate of pension customers
Class A fund share M ＜ 1 million yuan 0.8% 0.04%
1 million yuan ≤ M ＜ 5 million yuan 0.5% 0.025%
M ≥ 5 million yuan, 1000 yuan per transaction, 1000 yuan per transaction
Class C fund share 0
Note: M is the subscription amount
Pension customers who invest in the Fund can enjoy
Subject to the above specific rates. Pension customers who have not gone through account certification procedures in the company's direct marketing center will not enjoy
The above specific rates.
The fund subscription fee is not included in the fund property and is mainly used for the market promotion, sales and registration of the fund
And other expenses incurred during the raising period.
4. Calculation of subscribed shares
(1) Calculation of subscription units of Class A fund units
If investors choose to subscribe for Class A fund units, the formula for calculating the subscribed units of the Fund is:
Net subscription amount=subscription amount/(1+subscription rate)
(Note: For subscription with fixed amount subscription fee, net subscription amount=subscription amount - fixed subscription
Fee amount)
Subscription fee=subscription amount - net subscription amount
Subscription unit=(net subscription amount+subscription interest)/selling face value of fund unit
The calculation result of subscribed shares shall be kept to two decimal places, and the part after two decimal places shall be rounded off,
The gains or losses arising from this error shall be borne by the fund property.
Example 1: An investor (non pension client) invested 100000 yuan in the subscription period to subscribe for the Fund's Class A fund
For gold shares, the corresponding subscription rate is 0.8%, and the interest generated by the subscription amount during the subscription period is 50 yuan, then
The subscription shares available to them are calculated as follows.
Net subscription amount=100000/(1+0.8%)=99206.35 yuan
Subscription fee=100000 － 99206.35=793.65 yuan
Subscription units=(99206.35+50)/1.00=99256.35
That is, the investor (non pension client) invests 100000 yuan to subscribe for Class A fund shares of the Fund
99256.35 fund shares were obtained.
(2) Calculation of subscription units of Class C fund units
If an investor chooses to subscribe for Class C fund shares, the formula for calculating the subscribed shares is:
Subscription units=(subscription amount+subscription interest)/selling face value of fund units
The calculation result of subscribed shares shall be kept to two decimal places, and the part after two decimal places shall be rounded off,
The gains or losses arising from this error shall be borne by the fund property.
Example 2: An investor (non pension client) invested 100000 yuan in the subscription period to subscribe for the Fund's Class C Fund
For gold shares, if the interest generated by the subscription amount during the subscription period is 50 yuan, the available subscription shares will be calculated
As follows:
Subscription units=(100000+50)/1.00=100050
That is, the investor (non pension client) invests 100000 yuan to subscribe for Class C fund shares of the Fund
Get 100050 fund shares.
（8） Subscription arrangements
1. Subscription time
The specific time shall be determined by the Fund Manager in accordance with relevant laws and regulations and the Fund Contract (see the Fund Unit Offering
Announcement and relevant announcements of fund sales institutions).
2. Subscription principle
(1) Fund subscription adopts the method of "amount subscription and unit confirmation";
(2) The investor shall pay in full in the manner specified by the sales agency before subscription;
(3) Investors may subscribe for the Fund units for many times during the offering period, but the accepted subscription applications do not
Cancellation is allowed. The subscription rate of Class A fund units is calculated separately according to each subscription application.
3. Documents to be submitted and procedures to be handled by investors for subscription
For the documents and procedures that investors should submit for opening and subscribing accounts, please refer to the fund copies of the Fund in detail
The amount offering announcement or the relevant business handling rules of each sales agency.
4. Subscription limit
The Fund is subscribed by amount. Investors through the company's online direct sales platform and direct sales counter
The minimum amount of the first single subscription by Taiwan or sales institutions is 1 yuan (including subscription fees, the same below),
The minimum amount of a single subscription for additional subscription is 1 yuan. The sales agency's sales outlets accept investors'
The minimum amount of this Fund for each subscription is RMB 1. If the selling institute on a commission basis has provisions on transaction level differences
The regulations of the sales agency shall prevail.
If the cumulative number of fund units subscribed by a single investor of the Fund reaches or exceeds the total number of fund units
50%, the fund manager may limit the subscription application of the investor by means of proportion confirmation. base
The acceptance of a certain subscription application or some subscription applications by the fund manager may lead investors to evade the above 50% proportion in disguised form
If required, the Fund Manager has the right to reject all or part of such subscription applications. Fund shares subscribed by investors
The amount shall be subject to the confirmation of the registration authority after the fund contract takes effect.
5. Subscription confirmation
The acceptance of the subscription application by the sales organization (including the direct sales organization and the sales agency) does not mean that the application has been
Successful confirmation only means that the sales agency has actually received the subscription application. For those accepted during trading hours on T day
The Fund Manager will confirm the validity of the subscription application on T+1. But for the validity of the application
Confirmation only means that the investor's subscription application has been accepted, and the calculation of subscription units shall be carried out by the fund manager in the offering
Confirm at the end of the collection period. After the fund contract comes into effect, investors can go to each sales outlet to inquire about the final transaction confirmation
Conditions and subscription shares.
（9） Treatment method of raised fund interest
The interest generated from the confirmed successful subscription funds during the raising period will be converted into fund units and returned to fund units
Owned by the holder, of which the specific amount of interest transferred to shares shall be subject to the records of the registration authority.
（10） Custody of raised funds
The funds raised during the fund raising shall be deposited into a special account. Before the end of the fund raising, no one shall
It has to be used.
Information disclosure fees, accountant fees, attorney fees and other fees during the fund raising period shall not be paid from the fund
Expenditures in property.
7、 Effectiveness of the Fund Contract
（1） Conditions for Fund Filing
The total number of units raised in the Fund shall not be less than 200 million within three months from the date of sale of the Fund units,
If the fund raised amount is not less than 200 million yuan and the number of fund subscribers is not less than 200
The offering period expires or the Fund Manager may decide to stop the sale of the Fund in accordance with laws, regulations and the Prospectus, and
Engage a legal capital verification institution to verify the capital within 10 days, and report to the CSRC within 10 days from the date of receiving the capital verification report
It will handle the fund filing procedures.
If the fund raising meets the conditions for fund filing, the fund manager shall complete the fund filing procedures and obtain
The Fund Contract shall come into force from the date of written confirmation by the CSRC; Otherwise, the Fund Contract will not take effect. base
The Fund Manager shall announce the effectiveness of the Fund Contract on the next day after receiving the confirmation document from the CSRC.
The fund manager shall deposit the funds raised during the fund raising into a special account, and before the end of the fund raising,
No one can use it.
（2） Handling method of raised funds when the fund contract fails to take effect
If the raising period expires and the fund filing conditions are not met, the fund manager shall bear the following responsibilities:
1. Bear the debts and expenses arising from the raising with its inherent property;
2. Return the funds paid by investors within 30 days after the expiration of the fund raising period, plus the bank
Current deposit interest (after tax);
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration.
All expenses paid by the Fund Manager, the Fund Custodian and the Sales Agency for the Fund raising shall be borne by each party
Dan.
（3） Number of fund share holders and asset size within the duration of the fund
After the Fund Contract takes effect, the number of fund share holders is less than 200 for 20 consecutive working days
If the net asset value of the fund or the fund is less than 50 million yuan, the fund manager shall report it in the regular report
disclosure; In case of the above circumstances for 60 consecutive working days, the Fund Manager shall, within 10 working days
The CSRC reports and proposes solutions, such as continuous operation, conversion of operation mode, merger with other funds, or
Or terminate the fund contract, and convene a general meeting of fund unit holders within six months.
Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
8、 Subscription and redemption of fund units
（1） Place for subscription and redemption
The subscription and redemption of the Fund will be conducted through the sales agency. The specific sales agency will be managed by the fund manager
Listed in this prospectus or other relevant announcements. The Fund Manager may change or increase or decrease sales according to the circumstances
And publicized on the fund manager's website. Fund investors shall handle fund sales business at the sales institution
The subscription and redemption of fund units shall be handled at the business premises of or in other ways provided by the sales agency.
（2） Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription and redemption of fund units on the open day, and the specific handling time is Shanghai Stock Exchange
The trading hours of the Exchange and Shenzhen Stock Exchange on normal trading days, but the Fund Manager shall, in accordance with laws and regulations
Except for the suspension of subscription and redemption as required by the CSRC or the provisions of the fund contract.
After the fund contract comes into effect, if there is a new securities/futures trading market or a securities/futures exchange
In case of occasional changes or other special circumstances, the Fund Manager will, as the case may be, make corresponding changes to the aforesaid opening days and hours
However, it shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
2. Start date of subscription and redemption and business handling time
The Fund Manager may, in accordance with the actual situation, decide the time when the Fund starts to handle the subscription and the specific business
The processing time shall be specified in the announcement of subscription start.
The Fund Manager shall handle redemption from the corresponding day of the year one year after the effective date of the Fund Contract
The business processing time shall be specified in the announcement of redemption commencement. For each fund unit, one year from the fund unit
Only after the expiration date of the holding period (including the expiration date of the one-year holding period) can fund share holders withdraw
Redemption or transfer out application. The fund manager is caused by force majeure or other circumstances agreed in the fund contract
The redemption or conversion of fund units cannot be handled on time on the expiration date of the one-year holding period of fund units
In case of business, the expiration date of the one-year holding period of the fund units shall be postponed to the date of force majeure or the expiration date of the one-year holding period as agreed in the fund contract
The next working day from the date when the influencing factors of his situation are eliminated. The specific business handling time is in the relevant announcement
regulations.
After determining the start time of subscription and redemption, the Fund Manager shall, before the opening day of subscription and redemption
The starting time of subscription and redemption shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
The fund manager may not handle the subscription of fund units
Redemption or conversion. The investor puts forward the subscription, redemption or conversion on a date and time other than that specified in the fund contract
The subscription, redemption or conversion price of fund units applied for and accepted by the registration authority shall be the basis of the next open day
The price of subscription, redemption or conversion of gold shares.
（3） Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption prices of various funds calculated after the closing of the application day
Calculate on the basis of net share value;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on that day may be withdrawn within the time specified by the Fund Manager;
4. Redemption follows the principle of "first in, first out", that is, it is carried out according to the order of subscription and application of investors
Sequential redemption;
5. The documents, procedures, time
Under the premise of complying with the provisions of the fund contract and the prospectus, the handling rules shall be based on the specific regulations of each sales agency
Shall prevail;
6. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure that
The legitimate rights and interests of investors shall not be damaged and shall be treated fairly.
The Fund Manager may, if permitted by laws and regulations, have no material adverse impact on the interests of the Fund Manager
In this case, adjust the above principles. The fund manager must, before the implementation of the new rules
The relevant provisions of the Disclosure Measures shall be announced on the specified media.
（4） Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must propose within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for subscription or redemption. When subscribing for the Fund, investors shall prepare sufficient subscription capital in the manner prescribed by the sales agency
The investor must have sufficient fund unit balance when submitting the redemption application, otherwise the submitted subscription and redemption
The returned application is invalid.
2. Payment of subscription and redemption funds
When subscribing for fund units, the investor must pay the subscription amount in full within the specified time
Pay the subscription amount and the subscription is established; The subscription takes effect when the fund share registration authority confirms the fund share.
The redemption is established when the fund unit holder submits the redemption application; When the fund share registration institution confirms the redemption,
Redemption takes effect.
After the investor's redemption application takes effect, the fund manager will pay the redemption amount within T+7 days (including that day)
Unless otherwise stipulated by the CSRC. In case of major redemption or other suspension of redemption specified in the fund contract
In case of return or delay in payment of redemption money, the payment method shall be handled with reference to the relevant provisions of the Fund Contract.
In case of data transmission delay, communication system failure, bank data exchange system failure
Or other factors beyond the control of the Fund Manager and the Fund Custodian affect the business process
It shall be postponed to the next working day after the above circumstances are eliminated.
The fund manager may, within the scope permitted by laws and regulations and the fund contract, handle the above business at the time
The fund manager must be in compliance with the relevant provisions of the Information Disclosure Measures before the implementation of the adjustment
Announce on the fixed media.
3. Confirmation of application for subscription and redemption
The Fund Manager shall take the day when valid subscription and redemption applications are accepted before the end of trading hours as the day of subscription
Or the redemption application date (T day). Under normal circumstances, the Fund's registration authority has
Validation. For the valid application submitted on T day, the investor can go to the sales network after T+2 day (including that day)
Click the counter or inquire about the confirmation of the application in other ways specified by the sales agency. If the subscription is unsuccessful or invalid,
The principal of the subscription amount shall be returned to the investor.
The acceptance of the application for subscription and redemption by the fund sales agency does not necessarily mean that the application is successful, but only represents that
The sales agency has indeed received the application for subscription and redemption. The confirmation of subscription and redemption is based on the confirmation result of the registration authority
Shall prevail. Investors shall timely check the application for subscription and redemption and the confirmation of subscription shares and redemption amount
Enquiry and proper exercise of legal rights. The investors' relevant rights are caused by their negligence in performing such obligations as the inquiry
If the profit is damaged, the Fund Manager, the Fund Custodian and the Sales Agency will not bear the loss or adverse consequences thereof
Fruit.
To the extent permitted by laws and regulations, the Fund registration authority may, in accordance with relevant business rules
The time for handling affairs shall be adjusted, and the Fund Manager will make an announcement in accordance with relevant regulations before implementation.
（5） Quantity limit of subscription and redemption
1. When an investor applies for the purchase of the Fund, the minimum amount of a single purchase for the first time is 1 yuan (including
Subscription fee, the same below), the minimum amount of a single additional subscription is RMB 1; Exceeding the minimum subscription amount
No amount difference is set for some parts. Investors' subscription of the Fund through the Company's direct sales counter and online direct sales platform is subject to
The above rules; If there are different provisions in each sales agency, the investor shall
At the same time, relevant regulations of the sales agency shall be followed.
2. The fund income distributed by investors in the current period shall not be restricted by the minimum amount of subscription when it is used to purchase fund units.
The Fund Manager may adjust the minimum amount of initial and additional subscriptions of the Fund according to market conditions.
3. The single redemption application of the fund unit holder to redeem the fund at the sales institution shall not be less than 1 basis
Gold share; The fund unit holder shall keep a single transaction account in the sales institution (outlet) at the time of redemption or after redemption
If the balance of the fund units is less than 1, the remaining part of the fund units shall be redeemed at the same time.
4. The fund manager may stipulate the upper limit of the fund units held by a single investor in total, and the single application/single day application
The upper limit of the purchase amount and the total size of the Fund shall be subject to the announcement of the Fund Manager at that time.
5. When accepting the application for subscription has a potentially significant adverse impact on the interests of the holders of stock fund units,
The Fund Manager shall set the upper limit of the subscription amount of a single investor or the upper limit of the net subscription proportion of a single day of the Fund
Measures such as rejecting large amount subscription, suspending fund subscription, etc. shall be taken to effectively protect the legitimate rights and interests of holders of stock fund units.
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control
System. The specific announcement of the Fund Manager shall prevail.
6. The Fund Manager may adjust the above specified subscription amount and redemption if permitted by laws and regulations
The number of shares is limited, or the new fund size control measures are taken. The fund manager must comply with
Announce on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
（6） Purchase and redemption prices, fees and their uses
1. Subscription expenses
Class A fund units of the Fund adopt the front-end charging mode to collect fund subscription fees; Class C fund shares
Collect subscription fees. In addition to the pension customers who apply for Class A fund shares through the direct marketing center
Other investors implement different subscription rates. Pension customers include basic pension funds and legally established pension funds
The fund raised by the pension plan and the supplementary pension fund formed by its investment and operation income, including:
(1) National Social Security Fund;
(2) Local social security funds that can invest in funds;
(3) Single plan and collective plan of enterprise annuity;
(4) Asset management plan for specific clients entrusted by the enterprise annuity council;
(5) Enterprise annuity and pension products.
If a new pension fund type approved by the pension fund supervision department appears in the future, the fund manager can
When the prospectus is updated or an interim announcement is issued to include it in the scope of pension clients.
Pension customers who apply for fund shares through the fund manager's direct marketing center and other pension customers
The subscription rate of fund units subscribed by other investors other than investors is as follows:
Fund share category subscription amount (M, including subscription fee) Non pension client subscription rate Pension client subscription rate
Class A fund share M ＜ 1 million yuan 0.8% 0.04%
1 million yuan ≤ M ＜ 5 million yuan 0.5% 0.025%
M ≥ 5 million yuan, 1000 yuan per transaction, 1000 yuan per transaction
Class C fund share 0
Note: M is the subscription amount
Pension customers who invest in the Fund can enjoy
Subject to the above specific rates. Pension customers who have not gone through account certification procedures in the company's direct marketing center will not enjoy
The above specific rates.
No subscription fee will be charged for the shares transferred from the automatic reinvestment of dividends by investors.
2. Redemption expenses
According to the Liquidity Risk Management Regulations, investors with a continuous holding period of less than 7 days will be charged no less than
1.5% of the redemption fee, and the above redemption fee shall be included in the fund property in full. As the minimum holding period of the Fund is
One year, the redemption rate is set to zero.
3. The fund manager may adjust the rate or charging method within the scope agreed in the fund contract, and at the latest
In accordance with the relevant provisions of the Information Disclosure Measures, the new rate or charging method shall be applied in the specified media before the implementation date of the new rate or charging method
Announcement on.
4. The Fund Manager may, without violating the provisions of laws and regulations and the Fund Agreement
In the event that the interests of the holders have a material adverse impact, the fund promotion plan shall be formulated according to the market conditions
Carry out fund promotion activities for investors regularly or irregularly. During fund promotion activities, according to relevant supervision
The fund manager may appropriately lower the fund sales rate after the department requires the necessary formalities to be fulfilled.
5. In case of large amount purchase or redemption of the Fund, the Fund Manager may use the swing pricing machine
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws and regulations and
Provisions of regulatory authorities and self-discipline rules.
（7） Calculation of subscription units and redemption amount
1. Processing method of subscription share and balance: the effective share of subscription is the net subscription amount divided by the current day
The net value of fund units of Class A, the effective unit of units is units, and the subscription units are reserved to 2 decimal places
The last two parts shall be rounded off, and the resulting gains or losses shall be borne by the fund property.
2. Disposal method of redemption amount: the redemption amount is the effective redemption unit actually confirmed multiplied by the current day
The net value of such fund units and the corresponding expenses shall be deducted, and the unit of redemption amount is yuan. The above calculation results are based on
The method of rounding shall be reserved to 2 decimal places, and the resulting gains or losses shall be borne by the fund property.
3. Calculation of subscription shares
(1) Calculation of subscription units of Class A fund units
The subscription amount of Class A fund units includes subscription fees and net subscription amount
The formula for calculating the subscription share of is:
Net subscription amount=subscription amount/(1+subscription rate), or net subscription amount=subscription amount - fixed subscription
Purchase fee amount
Subscription fee=subscription amount - net subscription amount, or subscription fee=fixed subscription fee amount
Subscription units=net subscription amount/net value of Class A fund units on the date of subscription
Example 1: An investor (non pension client) invested 50000 yuan to subscribe for Class A fund shares of the Fund
The corresponding subscription rate is 0.8%. Assuming that the net value of Class A fund units on the day of subscription is 1.0520 yuan, we can get
The subscription shares received are:
Net subscription amount=50000/(1+0.8%)=49603.17 yuan
Subscription fee=50000 － 49603.17=396.83 yuan
Subscription shares=49603.17/1.0520=47151.30
That is, investors (non pension clients) invest 50000 yuan to subscribe for Class A fund shares of the Fund, and the corresponding
The subscription rate is 0.8%. Assuming that the net value of Class A fund units on the day of subscription is 1.0520 yuan, it can get
47151.30 Class A fund shares.
(2) Calculation of subscription units of Class C fund units
If investors choose to subscribe for Class C fund shares, the calculation formula of the subscribed shares is:
Subscription units=subscription amount/net value of Class C fund units on the date of subscription
Example 2: An investor (non pension client) invested 50000 yuan to subscribe for Class C fund shares of the Fund
Assuming that the net value of Class C fund units on the day of subscription is 1.0520 yuan, the subscription units available are:
Subscription shares=50000/1.0520=47528.52
That is, investors (non pension clients) invest 50000 yuan to subscribe for Class C fund shares of the Fund, assuming that
If the net value of Class C fund units on the day of purchase is 1.0520 yuan, 47528.52 Class C funds can be obtained from their subscriptions
Share.
4. Calculation of redemption amount
If an investor redeems the Fund units of the Fund, the formula for calculating the redemption amount is:
Total redemption amount=redeemed units × net value of such fund units on the date of redemption
Redemption fee=total redemption amount × redemption rate
Redemption amount=total redemption amount - redemption expense
Example 1: An investor redeems 100000 Class A fund units of the Fund one year later, and the redemption rate is 0%,
Assuming that the net value of Class A fund units on the redemption day is 1.2000 yuan, the redemption amount available is:
Total redemption amount=100000 × 1.2000=120000 yuan
Redemption fee=120000 × 0%=0 yuan
Redemption amount=120000 － 0=120000 yuan
That is, investors will redeem 100000 Class A fund units of the Fund one year later, assuming Class A on the redemption date
If the net value of fund units is 1.2000 yuan, the redeemable amount is 120000 yuan.
5. The formula for calculating the net value of fund units is:
Net value of fund units=total net value of fund assets ×? The total number of fund units.
The Fund is divided into Class A and Class C fund units. Each type of fund unit is set with a separate fund code
Do not calculate and announce the net value of fund units. The calculation of the net value of various fund units of the Fund shall be kept to the decimal point
The last four digits and the fifth digit after the decimal point shall be rounded off, and the resulting gains or losses shall be borne by the fund property.
The net value of various fund units on T day shall be calculated after the close of the market on that day and announced in accordance with the fund contract. meet
Under special circumstances, the calculation or announcement may be postponed appropriately after proper procedures are performed.
（8） Refusal or suspension of subscription
In case of the following circumstances, the Fund Manager may refuse or suspend accepting the subscription application of investors:
1. The fund cannot operate normally due to force majeure.
2. When the valuation of fund assets is suspended as stipulated in the fund contract.
3. The trading hours of the securities and futures exchanges are abnormally closed, causing the fund manager to be unable to calculate the daily basis
Net value of gold assets.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The fund asset scale is too large, which makes the fund manager unable to find suitable investment varieties, or other possible
It has a negative impact on the performance of the Fund, or other circumstances that damage the interests of existing fund share holders occur.
6. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date and are confirmed through consultation with the fund custodian,
The fund manager shall suspend accepting the application for fund subscription.
7. The Fund Manager's acceptance of certain or certain subscription applications may result in a single investor holding shares of the Fund
The proportion of the amount reaches or exceeds 50%, or the situation of avoiding 50% concentration in disguised form.
8. The Fund Manager, the Fund Custodian, the registration institution, the sales institution, the payment and settlement institution, etc. are abnormal due to
The situation leads to the fund sales system, fund sales payment settlement system, fund registration system, fund accounting system, etc
Not working properly.
9. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to suspend the subscription in any of the above circumstances (1, 2, 3, 5, 6, 8, 9)
When accepting an investor's application for subscription, the fund manager shall publish the suspension application on the prescribed media in accordance with the relevant provisions
Purchase announcement. If the investor's application for subscription is rejected in whole or in part, the principal of the rejected subscription will be refunded
Return to the investor, the Fund Manager and the Fund Custodian will not bear the interest and other losses arising from the returned funds. In the interim
When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner.
（9） Circumstances of suspending redemption or delaying payment of redemption money
Under the following circumstances, the Fund Manager may suspend accepting the redemption application of investors or postpone the payment of redemption
Payment:
1. The Fund Manager is unable to pay the redemption amount due to force majeure.
2. When the valuation of fund assets is suspended as stipulated in the fund contract.
3. The trading time of the securities and futures exchanges is abnormally closed, which causes the fund manager to be unable to calculate the current day
net value of the fund asset.
4. Huge redemption occurs for two or more consecutive open days.
5. In the event that continuing to accept the redemption application will damage the interests of existing fund unit holders.
6. When the specific assets account for more than 50% of the net asset value of the fund on the previous valuation date and it is agreed with the fund custodian
After recognition, the Fund Manager shall postpone the payment of redemption funds or suspend the acceptance of fund redemption applications.
7. Other circumstances specified by laws and regulations or recognized by the CSRC.
Under any of the above circumstances, the Fund Manager decides to suspend accepting the redemption application of the investor or postpone the payment
When paying the redemption amount, the Fund Manager shall report to the CSRC for filing as required
The fund manager shall pay in full; If the payment cannot be made in full for the time being, the payable part shall be applied for by a single account
The proportion in the total amount of applications shall be distributed to the redemption applicant, and the unpaid part can be postponed. If the above 4
The circumstances described in item shall be handled in accordance with the relevant provisions of the fund contract. Fund unit holders may apply for redemption in advance
Select to cancel the part that may not be accepted on that day. When the suspension of redemption is eliminated, the Fund Manager
The redemption business shall be resumed and announced in a timely manner.
（10） Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the Fund
After deducting the total number of subscription application units from the total number of transfer out application units during conversion and the transfer in application units during fund conversion
If the balance after the total amount exceeds 10% of the total fund shares on the previous opening day, it is deemed that a huge redemption has occurred.
2. Treatment method of huge redemption
In case of a huge redemption of the fund, the fund manager can decide according to the current asset portfolio of the fund
Full redemption, partial deferred redemption or suspended redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors,
Follow normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or
The realization of property for the purpose of paying the redemption application of investors may cause a large impact on the net asset value of the fund
In case of fluctuation, the redemption proportion accepted by the fund manager on the same day is not less than 10% of the total fund shares on the previous open day
Under the premise, other redemption applications can be postponed. For the redemption application on the current day, it shall be redeemed by a single account
The proportion of the amount of redemption applications in the total amount of redemption applications, and the redemption shares accepted on that day shall be determined; For the part not redeemed,
Investors can choose to postpone or cancel redemption when submitting redemption application. If you choose to postpone redemption, you will
Move to the next open day to continue redemption until all redemption; If you choose to cancel redemption, you have not received
Some redemption applications accepted will be cancelled. The deferred redemption application shall be processed together with the redemption application on the next open day,
The redemption amount is calculated on the basis of the net value of such fund units on the following open day without priority, and so on,
Until all redemption. If the investor fails to make a clear choice when submitting the redemption application, the investor fails to redeem
Some will be automatically postponed for redemption. Some deferred redemptions are not limited by the minimum amount of single redemption.
(3) When the Fund is redeemed in a large amount, the single fund unit holder exceeds the fund on the previous open day
In the case of redemption applications for more than 20% of the total shares, the Fund Manager believes that the redemption applications for paying investors include
Difficulty or belief that the realization of property due to the payment of redemption application of investors may affect the net asset value of the fund
In case of large fluctuations, the Fund Manager shall have the right to apply to the Fund Unitholders who have exceeded the Fund on the previous trading day
The application for redemption of more than 20% of the total shares shall be postponed; Not more than
The Fund Manager has the right to postpone the proportion of "(1) full redemption" or "(2) partial redemption" according to the preceding paragraph
The agreed method of "redemption" shall be handled together with the redemption application of other fund unit holders. However, if the fund
If the unit holder chooses to cancel the redemption when submitting the redemption application, the partial redemption application that has not been accepted on that day
Will be revoked.
(4) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), such as fund management
People can suspend accepting the redemption application of the fund if they think it is necessary; The accepted redemption application can postpone the payment
The redemption money shall not exceed 20 working days and shall be announced on the specified media.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of the transaction, the Fund Manager shall mail, fax or call
Other methods specified in the Prospectus shall notify the fund share holders within three trading days, stating the relevant processing party
Law of the People's Republic of China, and at the same time publish an announcement on the specified media.
（11） Announcement of suspension of subscription or redemption and announcement of reopening subscription or redemption
1. In case of the above suspension of subscription or redemption, the Fund Manager shall specify the media within the specified period
The suspension notice is published on the website.
2. The Fund Manager may, according to the time of suspension of subscription or redemption
Relevant regulations publish the announcement of reopening subscription or redemption on the specified media; Or, according to the actual situation
The announcement of suspension specifies the time of reopening subscription or redemption, and no announcement of reopening will be issued at that time.
（12） Fund conversion
The Fund Manager may decide to open the Fund and
For the conversion business between other funds managed by the fund manager, a certain conversion fee may be charged for fund conversion,
The relevant rules shall be formulated and announced by the Fund Manager in accordance with the relevant laws and regulations and the provisions of the Fund Agreement, and
Inform the Fund Custodian and relevant institutions in advance.
（13） Non trading transfer of funds
Non transaction transfer of funds refers to the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
Non transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations, or
Conduct in accordance with relevant laws and regulations or the way required by the competent authorities of the state. Regardless of the above
Under such circumstances, the subject receiving the transfer must be an investor who can hold the fund shares of the Fund according to law, or
It shall be handled in the manner required by relevant laws and regulations or national authorities.
Inheritance refers to the death of the fund unit holder, and the fund units held by him shall be inherited by his legal successor;
Donation means that fund share holders donate their legally held fund shares to welfare foundations or societies
Association; Judicial enforcement means that the judicial authority holds
Fund units are forcibly transferred to other natural persons, legal persons or other organizations. Basis must be provided for non transaction transfer
The relevant information required by the gold registration authority shall be subject to the fund registration machine for the qualified non transaction transfer application
It shall be handled in accordance with the provisions of the Fund Registration Authority and charged in accordance with the standards prescribed by the Fund Registration Authority.
（14） Custody transfer of funds
Fund share holders can handle the transfer of custody of their held fund shares between different sales institutions
A sales agency may collect the transfer custody fee according to the prescribed standards.
（15） Fixed investment plan
The Fund Manager may handle regular and quota investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager
Line regulations. The investor can agree on the amount of deduction in each period when handling the fixed investment plan
The amount must not be less than the fixed amount specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the investment plan.
（16） Freeze, unfreeze and pledge of fund shares
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authorities of the state according to law, and
Freezing and unfreezing under other circumstances recognized by the registration authority and in compliance with laws and regulations.
If the fund account or fund unit is frozen, the rights and interests generated by the frozen part will be frozen together, and the frozen part
Share sharing still participates in income distribution. Other provisions of laws and regulations, CSRC or court judgments and rulings
except.
Provided that relevant laws and regulations permit and there is no material adverse impact on the interests of fund share holders
The Fund Manager may handle the pledge business of fund units or other fund businesses, and the Fund Manager will formulate and implement
Apply corresponding business rules.
（17） Transfer of Fund Units
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders
An application for share transfer through a trading place recognized by the CSRC or by other means shall be registered by
The institution shall handle the transfer registration of fund units. If the Fund Manager intends to accept the transfer of fund units, it will
Announcement: Fund unit holders shall handle the transfer of fund units in accordance with the business rules announced by the fund manager.
（18） Subscription and redemption of the Fund during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the subscription and redemption arrangements of the Fund are detailed in "Side pocket" of this Prospectus
Mechanism or relevant announcements issued at that time.
（19） Without violating relevant laws and regulations and having no material adverse effect on the interests of fund share holders
The Fund Manager may, on the basis of specific circumstances, make arrangements for the above subscription, redemption and related businesses
It is unnecessary to hold a general meeting of fund share holders to review the supplement and adjustment and make an announcement in advance.
9、 Investment of the Fund
（1） Investment objectives
Through active asset management, and under the premise of strict control of fund asset risk, strive to invest
It provides stable growth of investment income.
（2） Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance or listing
Shares (including GEM and other shares approved or registered for listing by the CSRC), depositary receipts
Bonds (including treasury bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term
Financing bonds, ultra short-term financing bonds, publicly issued subordinated bonds, local government bonds, government supported institutional bonds
Bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds and other investments permitted by the CSRC
Bonds), asset-backed securities, bond repurchase, bank deposits (including negotiated deposits, time deposits and
Other bank deposits), inter-bank deposit receipts, money market instruments, treasury bond futures, stock index futures, stock options
Other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the relevant provisions of the CSRC
Regulations).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The proportion of the Fund's investment portfolio is:
The proportion of the Fund's investment in stock assets shall not be higher than 40% of the Fund's assets. The Fund invests in interbank deposits
The proportion of single fund shall not be higher than 20% of fund assets. At the end of each trading day, stock index futures contracts and treasury bonds are deducted
After the transaction margin required to be paid for goods contracts and stock option contracts, cash or policies with a maturity date of less than one year
Government bonds shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits
Receivable subscription amount, etc.
If the laws and regulations or the regulatory authority have changed the requirements of this proportion, after performing appropriate procedures
The later proportion shall prevail, and the investment proportion of the Fund will be adjusted accordingly.
（3） Investment strategy
1. Asset allocation strategy
The Fund will use the global information platform, external research platform, industry information platform and its own research
Platform and other information resources, based on the investment objectives and investment philosophy of the Fund, from both macro and micro perspectives
Conduct research, carry out strategic asset allocation, and then rebalance the fund asset portfolio through tactical asset allocation to achieve
Optimal allocation of various types of assets in the portfolio.
2. Bond investment strategy
The Fund mainly adopts actively managed investment strategies, which can be divided into strategic strategies and tactical strategies from top to bottom
The two levels of strategy, combined with the specific analysis of different investment varieties in various markets, together constitute the investment of the Fund
Capital strategy structure.
(1) Interest rate expectation strategy
Based on the analysis and judgment of macroeconomic, monetary policy, fiscal policy and other factors affecting interest rates
Determine the target duration of the portfolio and improve the profit potential of the portfolio. If the forecast interest rate tends to rise, then
Properly reduce the correction duration of the portfolio; If the predicted interest rate tends to decline, increase the investment portfolio's
Revised duration.
(2) Yield curve strategy
The yield curve of the bond market changes with time, and the Fund will,
And the judgment on the trend of interest rate, allocate among long-term, medium-term and short-term bonds, and
Profits from changes. Timely adopt dumbbell, ladder or bullet type investment strategies to maximize interest rate avoidance
The impact of changes on the portfolio.
(3) Optimized configuration strategy
According to the investment objectives and management style of the fund, analyze various quantitative indicators of bonds that meet the investment standards,
Including expected return indicators, expected risk indicators, liquidity indicators, etc., use quantitative models to determine the portfolio
Allocate the proportion to realize the optimization of investment income under the given conditions.
(4) Duration control strategy
As an indicator to measure the risk of bond interest rate, duration reflects the sensitivity of bond price to the change of yield.
The Fund grasps the relationship between duration and bond price fluctuation by establishing a quantitative model
Change expectations, with duration and yield change assessment as the core, strictly control the target duration of the portfolio. According to the
The expectation of the market interest rate level, when the expected interest rate drops, increases the portfolio duration to obtain more bond prices
Gains brought by the rising grid; When the expected interest rate rises, reduce the duration of the portfolio to avoid falling bond prices
Risk. Reasonably allocate bond categories and varieties through duration control.
(5) Risk control strategy
According to the company's investment management process and fund contract, combined with the judgment of the market environment, set the fund investment
To control the proportion of the fund to ensure that the fund investment meets the compliance requirements; At the same time, with the help of effective quantitative analysts
Specifically, risk budgeting is carried out for fund investment to enable fund investment to better achieve investment objectives and avoid potential risks.
(6) Cash flow management strategy
Statistic and forecast market transaction data and future cash flow of the fund, and consider these in portfolio allocation
Factors, so that the investment portfolio has sufficient liquidity to meet the requirements of future fund operations. Liquidity of the Fund
Sex management is mainly reflected in three aspects: subscription and redemption fund management, transaction amount control and correction duration control.
(7) Arbitrage strategy
By taking advantage of the ineffectiveness and trend characteristics of the financial market, interest rate spread trading, price spread trading, etc
Gain spread income and spread income without occupying too much funds, and improve the risk income of fund assets
Sex for higher potential benefits. The spread trading can expand or shrink the yield difference between bonds of different maturities by judging
The small trend is to replace these two bonds at a certain point in the future to obtain the interest difference; Buying comparison
Low price assets, sell higher price assets, and earn the middle spread income.
(8) Investment strategy of convertible bonds and exchangeable bonds
Investors of convertible bonds can convert the bonds at a predetermined price within the agreed period
Is the common stock of the Company. Convertible bonds have both debt nature that ordinary shares do not have and shares that ordinary bonds do not have
Sex. When the underlying stock falls, the convertible bond price is strongly supported by the bond value; Current underlying stock
When the stock price rises, the options contained in the convertible bonds enable them to share the gains brought by the rising stock price. Based on industry
Analysis, enterprise fundamentals analysis and convertible bond valuation model analysis, the Fund's investment in the primary and secondary markets is convertible
Bonds, in order to control risks and realize the steady appreciation of fund assets.
The investment strategy of exchangeable bonds shall be executed in accordance with the investment strategy of convertible bonds. Convertibility of the Fund's investment
The total proportion of bonds and exchangeable bonds shall not exceed 20% of the fund assets.
(9) Credit bond investment strategy
The debt rating of the Fund's active investment credit bonds shall not be lower than AA; Including the letter of AA debt rating
The ratio of debt investment shall not be higher than 20% of the fund's credit debt assets, and the ratio of credit debt investment rated AA+
For example, it is not more than 50% of the fund's credit bond assets, and the proportion of credit bond investment with AAA debt rating is not less than base
50% of Jinxin's debt assets. For credit bonds without debt rating, the above debt rating shall refer to the entity rating.
During the period when the fund holds credit bonds, if its credit rating declines and it no longer meets the investment standards, it shall submit the rating report
All of them will be sold within 3 months from the date of release. The credit bonds referred to in the Fund include financial bonds (excluding
Policy financial bonds), corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds
Publicly issued subordinated bonds, local government bonds, government support agency bonds, etc.
3. Stock investment strategy
(1) Industry configuration strategy
At the industry allocation level, the Fund will use the "top-down" industry allocation method to
External macroeconomic trend, direction of economic structure transformation, national economic and industrial policy guidance and economic cycle adjustment
Through in-depth research, the whole industry is screened by the method of combining the value concept with the growth concept.
(2) Individual stock investment strategy
The Fund will adopt the strategy of "bottom-up" selection of individual stocks to select domestic stocks
China's/regional industrial policies and economic development direction of relevant listed companies to conduct in-depth mining and improve the valuation
Under the system, the target assets are selected for investment in strict accordance with the principle of optimal risk return ratio
Next, strive to realize the long-term steady appreciation of fund assets. Specific investment in listed companies from the following aspects
Assessment of asset value:
① Quality assessment analysis
The quality evaluation analysis is an effective way for the Fund Manager to evaluate the enterprise value based on the comprehensive evaluation of the enterprise
Analysis and judgment. The quality evaluation analysis of listed companies includes financial quality evaluation and operation quality evaluation.
② Risk factor analysis
Risk factor analysis is a multi factor analysis of the risk exposure of individual stocks. The analysis mainly includes two aspects:
From the perspective of, one is to use the unique information of individual stocks to analyze, including the main business caused by competition
Decline risk, management risk, related party transaction, investment project risk, equity change, acquisition and merger, etc. Another
One is to use statistical models to analyze the sensitivity of risk factors.
③ Valuation analysis
The valuation of individual stocks is to use the methods of absolute valuation and relative valuation to find reasonable valuation and undervaluation
Invest in individual stocks. Here, the Fund mainly uses dividend discount model, cash flow discount model and residual income
Discount model, P/E model, EV/EBIT model, Franchise P/E model and other valuation models are specific to different types
The valuation analysis is carried out for the industry and individual stock of type A, and the inflation factor is also considered in the valuation process
The impact of ticket valuation excludes the impact of inflation.
4. Investment strategy of depositary receipts
The Fund will base its investment value on the underlying securities according to its investment objectives and stock investment strategies
To conduct in-depth research and judgment, and invest in depositary receipts.
5. Investment strategies for other types of assets
With the permission of laws and regulations or regulators, the Fund will strictly control the investment risk
To properly participate in the investment in asset-backed securities, stock index futures, treasury bond futures, stock options and other financial instruments.
(1) Asset backed securities investment strategy
Under the premise of strict risk control, the Fund will use individual bonds to select according to the needs of the Fund's asset management
Select strategies, transaction strategies, etc. for investment.
The Fund shall, through issuing institutions, guarantees, asset pool credit status and default of asset-backed securities
Rate, historical default record and loss ratio, securities credit risk grade, margin compensation degree, etc,
Form a comprehensive assessment of the risks and benefits of asset-backed securities, and at the same time, based on the pricing of asset-backed securities
Model to determine the appropriate investment object. In the management of asset-backed securities, the Fund has established a default wave
The dynamic model is used to measure the probability of possible default loss, track and evaluate asset-backed securities, and form
Effective risk assessment and control.
(2) Investment strategy of stock index futures
When investing in stock index futures, the Fund will take hedging as the main purpose according to the risk management principle
And adopt futures contracts with good liquidity and active trading
To find a reasonable valuation level in combination with the pricing model of stock index futures and match with spot assets,
Hedging operations are carried out through strategies such as long or short hedging. The Fund Manager will fully consider the stock index
The profitability, liquidity and risk characteristics of futures, and the use of stock index futures to hedge systematic risks and special hedging
Liquidity risk under the circumstances, such as large amount purchase and redemption; Leverage financial derivatives to achieve
The purpose of reducing the overall risk of the portfolio.
(3) Investment strategy of treasury bond futures
The Fund makes a judgment on the trend of the national debt market through the analysis of fundamentals and capital, so as to ensure that
Basis for determining the position direction and amount of treasury bond futures. Medium and long-term rapid economic growth, inflationary pressure floating
At present, when the central bank's policy tends to tighten, the Fund establishes treasury bond futures short orders for hedging to avoid interest rates
Risk, reduce the loss caused by interest rate rise.
(4) Stock Option Investment Strategy
The Fund will participate in the investment of stock options with the main purpose of hedging in accordance with the principle of risk management
Capital. The Fund will select options contracts with good liquidity and active trading under the premise of effective risk control
Bank investment. The Fund will select the valuation based on the prediction of the securities market and in combination with the stock option pricing model
Reasonable stock option contract.
The Fund Manager will establish a stock option trading decision-making department or group in accordance with the principle of prudence
It is required to do a good job in personnel training to ensure that personnel in core positions such as investment and risk control have knowledge of stock option business
And corresponding professional ability, and authorize specific management personnel to be responsible for the investment approval of stock options, so as to
Prevent the risk of option investment.
（4） Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's investment in stock assets shall not be higher than 40% of the Fund's assets;
(2) The proportion of the Fund's investment in inter-bank deposit receipts shall not be higher than 20% of the Fund's assets;
(3) Stock index futures contracts, treasury bond futures contracts and stock option contracts are deducted at the end of each trading day
After the transaction margin to be paid, the cash or government bonds with a maturity of less than one year shall not be less than the fund assets
5% of net worth; Among them, cash does not include provisions for settlement, deposits and subscription receivables;
(4) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(5) All funds managed by the Fund Manager hold securities issued by one company, which shall not exceed the amount of the certificate
10% of the coupon;
(6) All open-ended funds managed by the Fund Manager (including open-ended funds and open funds
The holding of tradable shares issued by a listed company shall not exceed that of the listed company
15% of the outstanding shares;
(7) All investment portfolios managed by the Fund Manager hold tradable shares issued by a listed company
The number of votes shall not exceed 30% of the tradable shares of the listed company;
(8) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Other than fund managers due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
The Fund Manager shall not actively increase liquidity if the Fund does not comply with the proportion limit specified in this Item due to factors of
Investment in restricted assets;
(9) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(10) The market value of all asset-backed securities held by the Fund shall not exceed the net asset value of the Fund
20%；
(11) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
Over 10% of the size of the asset-backed securities;
(12) All funds managed by the Fund Manager invest in various assets of the same original equity holder
Holding securities shall not exceed 10% of the total size of its various asset-backed securities;
(13) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB).
During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall be re evaluated
All of them will be sold within 3 months from the date of release of the level report;
(14) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, the number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(15) The Fund deals with private securities asset management products and other entities recognized by the CSRC
If the counterparty carries out reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
Keep the enclosure consistent;
(16) The total assets of the Fund shall not exceed 140% of the net assets of the Fund;
(17) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of the Fund; The maximum term of bond repurchase in the national inter-bank market is one year
No extension is allowed after the maturity of the repurchase of bonds;
(18) The fund manager shall formulate strict investment decision-making process and risk for the restricted securities of the fund investment and circulation
Risk control system to prevent liquidity risk, legal risk, operational risk and other risks;
(19) Unless otherwise stipulated by the CSRC, the Fund participates in the trading of stock index futures and treasury bond futures,
The following requirements shall be observed:
1) At the end of any trading day, the value of the stock index futures contracts purchased held shall not exceed the fund assets
10% of net worth; At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed that of the Fund
20% of the total market value of some stocks; Stock index futures contracts traded (excluding closing positions) on any trading day
The transaction amount shall not exceed 20% of the net asset value of the fund on the previous trading day; Market value of shares held and purchases
The total value of the stock index futures contract sold (calculated by netting) should conform to the proportion of stock investment in the fund contract
Relevant agreements of;
2) At the end of any trading day, the value of treasury bond futures contracts held shall not exceed the fund assets
15% of net worth; At the end of any trading day, the value of the futures contract for selling treasury bonds held by the Fund shall not exceed the value of the futures contract held by the Fund
30% of the total market value of some bonds; For treasury bond futures contracts traded in any trading day (excluding closing positions)
The transaction amount shall not exceed 30% of the net asset value of the fund on the previous trading day; Bonds held (excluding bonds with maturity date of
Government bonds within one year) market value and the value of futures contracts for buying and selling treasury bonds, total (netting calculation)
It shall comply with the relevant provisions of the fund contract on the proportion of bond investment;
3) At the end of any trading day, the value of treasury bond futures and stock index futures contracts and securities held
The sum of the market value of the securities shall not exceed 95% of the net asset value of the fund. Among them, marketable securities refer to stocks and bonds (not
Including government bonds with a maturity date of less than one year), asset-backed securities, redemptory financial assets for sale (excluding quality
Pledged repo), etc;
(20) When the Fund participates in stock option trading, it shall comply with the following investment proportion restrictions:
1) The total amount of premium paid and received by the Fund due to open position option contracts shall not exceed the fund assets
10% of net worth;
2) Where the Fund opens positions to sell call options, it shall hold sufficient underlying securities; Open put option
Should hold the full amount of cash required for contract exercise or the cash that can be offset against the option margin recognized by the rules of the Exchange
Gold equivalents;
3) The par value of the option contracts with open positions of the Fund shall not exceed 20% of the net asset value of the Fund, of which
The nominal value is calculated by multiplying the exercise price by the contract multiplier;
(21) The total proportion of convertible bonds and exchangeable bonds invested by the Fund does not exceed the fund assets
20%；
(22) The proportion limit of the Fund's investment in depositary receipts shall be subject to the domestic listed stocks
If the laws and regulations or the regulatory authorities provide otherwise, the provisions of the laws and regulations shall prevail;
(23) Other investment restrictions stipulated by laws and regulations, CSRC and the Fund Contract.
In addition to the above (3), (8), (13) and (15) cases, due to the fluctuation of the securities/futures market
Factors other than the fund manager, such as the merger of the securities issuer and the change of the fund size, result in the non conformance of the fund investment proportion
If the investment proportion is specified above, the fund manager shall adjust it within 10 trading days, but the CSRC
Except for the special circumstances specified by. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
If laws and regulations change the above portfolio proportion limit, the changed provisions shall prevail.
Laws and regulations or regulatory authorities cancel the above restrictions. If it is applicable to the Fund, the Fund Manager shall perform appropriate procedures
After that, the investment of the Fund will no longer be subject to relevant restrictions, but it needs to be announced in advance and no longer need to be held by fund units
Deliberated by the National People's Congress.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws and regulations or regulatory authorities cancel or adjust the above restrictions, if applicable to the Fund, fund management
After performing the appropriate procedures, the person may not be restricted by the above provisions or follow the adjusted provisions.
（5） Performance Benchmark
China Bond Composite Index yield * 80%+Shanghai Shenzhen 300 Index yield * 20%
The China Bond Composite Index is a professional, authoritative and stable bond index reflecting the whole market of China
And can better reflect the overall situation of the bond market.
The CSI 300 Index is an index compiled by CSI Index Co., Ltd. to reflect the overall trend of the A-share market,
The index selects 300 actively traded and representative A-shares from Shanghai and Shenzhen Stock Exchanges
Share index is a stock index with high market value coverage, strong representativeness and good credibility in China's securities market.
The Fund is a hybrid fund, weighted by the yield of China Bond Composite Index and the yield of CSI 300 Index
As the investment performance evaluation standard of the Fund, it can objectively and reasonably reflect the risk return characteristics of the Fund.
If the above benchmark index stops calculating, preparing or changing its name, or the laws and regulations change in the future,
Or there are more authoritative performance benchmarks that are more widely accepted by the market, or they appear in the market
When it is more suitable for the performance benchmark of the Fund, the Fund Manager shall consult with the Fund Custodian,
And adjust or change the performance benchmark after performing appropriate procedures and make timely announcement without holding fund share holders
There is a general meeting.
（6） Risk return characteristics
The Fund is a hybrid fund, whose expected risk and expected return are higher than those of money market funds and bond funds
Gold, lower than equity funds.
（7） Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with the relevant provisions of the State, and ensure that
Protect the interests of fund share holders;
2. It is conducive to the safety and appreciation of fund assets;
3. Not for itself, employees, authorized agents or any interested third party through connected transactions
People seek any improper benefits;
4. Do not seek to control the listed company or participate in the operation and management of the invested listed company.
（8） Implementation and investment operation arrangement of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to convene a fund
Deliberation at the general meeting of unit holders.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions
The performance comparison benchmark, risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements and disposal changes of specific assets of side pocket accounts
See the "Side Pocket Mechanism" section of this Prospectus for details of cash and payments and other matters that have a significant impact on investors' rights and interests
Provisions of.
10、 Property of the Fund
（1） Total Fund Assets
The total value of fund assets refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
And the total value of other assets.
（2） Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
（3） Account of fund property
The Fund Custodian shall open capital accounts and securities for the Fund in accordance with relevant laws, regulations and normative documents/
Futures account and other special accounts required for investment. The special fund account opened with the fund manager
Property accounts owned by the fund custodian, fund sales agency, fund registration agency and other fund property accounts
Independent of each other.
（4） Custody and disposal of fund assets
The assets of the Fund are independent of the assets of the Fund Manager, the Fund Custodian and the Fund Sales Agency, and
Custody by the gold custodian. The fund manager, fund custodian, fund registration institution and fund sales institution
Some assets bear their own legal liabilities, and their creditors shall not apply for freezing or withholding of the Fund's assets
Pledge or other rights. Unless otherwise disposed of in accordance with laws and regulations and the Fund Contract, the Fund assets shall not be disposed of
Points.
The Fund Manager and the Fund Custodian were dissolved, dissolved or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. Assets of fund manager management and operation fund assets
The generated creditor's rights may not offset the debts generated by its inherent assets; Different bases for fund manager management and operation
The creditor's rights and liabilities arising from the fund assets of the fund shall not offset each other. Liabilities not due to the fund property itself,
It shall not enforce the fund assets.
11、 Fund asset valuation
（1） Valuation date
The valuation date of the Fund is the trading date of the relevant securities/futures trading places of the Fund and national laws
The non trading day on which the laws and regulations require the disclosure of the net value of the fund.
（2） Valuation object
Stocks, depositary receipts, treasury bond futures, stock index futures, stock options, bonds and silver owned by the Fund
Bank deposit principal and interest, receivables, asset-backed securities, other investments and other assets and liabilities.
（3） Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with
Accounting Standards and relevant regulations of regulatory authorities.
1. For investment varieties with active market and the same asset or liability quotation available
If there is a quotation, the quotation shall be applied to the asset without adjustment, except for the exceptions specified in the accounting standards
Or fair value measurement of liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the most recent transaction date
In case of major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence to show that the valuation date
Or if the quotation on the latest trading day cannot truly reflect the fair value, the quotation shall be adjusted to determine the fair price
Value.
The fair value of the same assets or liabilities shall be used if they are the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
2. For investment varieties that do not have an active market, they should be suitable for the current situation and have sufficient
The fair value is determined by valuation techniques supported by data and other information. Use valuation techniques to determine fair value
The observable input value shall be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained or
The unobservable input value can be used only when it is impracticable.
3. In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
（4） Valuation method
1. Valuation of equity securities listed on stock exchanges
Equity securities (including stocks, etc.) listed on the stock exchange
Market price (closing price) valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the most recent transaction date
If there is no major event that affects the securities price, the market price of the latest trading day
(closing price) valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has
In case of major events affecting the securities price, the current market price and major change factors of similar investment varieties can be referred to,
Adjust the market price of the latest transaction to determine the fair price.
2. Equity securities in the unlisted period shall be handled according to the following circumstances
(1) The new shares issued for stock dividend, conversion, allotment and public issuance shall be listed on the stock exchange on the valuation date
Valuation of the market price (closing price) of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used
Valuation;
(2) For the initial public offering of unlisted shares, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost;
(3) Shares with a certain period of restricted sale period (including but not limited to non-public shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions)
The fair value is determined according to the relevant regulations of the regulatory authority or industry association.
3. Valuation of fixed income varieties traded in the exchange market
(1) For non equity fixed income varieties listed on the exchange market or transferred by listing (otherwise specified
Unless otherwise specified), select the net valuation price of the corresponding varieties provided by the third-party valuation agency for valuation;
(2) For the types of fixed income with rights listed for trading or transfer in the exchange market (otherwise specified
Except for), select the unique net valuation price or recommended valuation of the corresponding varieties provided by a third-party valuation agency on the day
Valuation at net price;
(3) For convertible bonds listed and traded in the exchange market, the daily closing price is selected as the valuation value
Price;
(4) For asset-backed securities listed and transferred in the exchange market, valuation techniques are used to determine their fairness
Value. If the cost can approximate the fair value, it shall be valued according to the cost. The Fund Manager shall continuously evaluate the above
The appropriateness of the practice, and make appropriate adjustments when the situation changes;
(5) For unlisted or unlisted bonds issued on the exchange market, valuation techniques shall be used to determine
Fair value is valued at cost when it is difficult to reliably measure the fair value by valuation technology.
4. Valuation of fixed income varieties in inter-bank market transactions
(1) For the fixed income varieties without rights in the inter-bank market, select those provided by the third-party valuation agency
The estimated net price of the corresponding varieties on the current day;
(2) Fixed income varieties with rights in the inter-bank market shall be selected from the corresponding third-party valuation institutions
The only estimated net price or the recommended estimated net price of the variety on the current day. For fixed assets including the investor's right to put back
Income type, if the right of resale is not exercised after the deadline (including the date) of the resale registration period, it shall be subject to a long waiting period
To be valued;
(3) Bonds that are not listed in the inter-bank market and whose valuation price is not provided by the third-party valuation agency are being issued
There is no significant difference between the bank interest rate and the secondary market interest rate, and there is no significant change in the market interest rate during the unlisted period
In the case of, estimate at cost.
5. If the same security is traded in two or more markets at the same time, it shall be separately evaluated according to the market in which the security is located
Value.
6. The Fund's investment in treasury bond futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
7. The Fund's investment in stock index futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
8. The Fund's investment in stock option contracts is generally valued at the settlement price on the stock option valuation date,
If there is no settlement price on the valuation date, and the economic environment has not changed significantly since the latest trading day, the latest payment shall be adopted
Valuation of daily settlement price.
9. The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
10. If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
11. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing decision for the Fund
Price mechanism to ensure the fairness of fund valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the calculation results of the net value of the Fund.
（5） Valuation procedures
1. The net value of various fund units is calculated by dividing the net asset value of such fund by the current
The daily balance of such fund units is calculated, and the net value of various fund units is accurate to 0.0001 yuan, decimal
The fifth digit after the point is rounded off, and the resulting error is included in the fund assets. The fund manager may set up large amount
Emergency adjustment mechanism for net worth accuracy in case of redemption. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units on each working day, and shall publish
Notice.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the fund contract. After the fund manager evaluates the fund assets every working day,
The net value results of various fund units shall be sent to the Fund Custodian, and after the Fund Custodian has verified that there is no error, the fund shall be managed by the Fund
The manager shall publish it to the public as required.
（6） Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of a certain type of fund unit is within 4 decimal places (including the 4th decimal place)
If the value is wrong, it shall be deemed that the net value of such fund units is wrong.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
It states the "principle of handling valuation errors" to make compensation and bear the liability for compensation.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the valuation error liability
Either party shall compensate the loss of the injured party, and within the scope of the compensation amount paid by it
The parties have the right to demand the delivery of unjust enrichment; If the party who has obtained unjust enrichment has excluded this part
When the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has already received to the amount of improper
The difference between the total return of profits and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the fund manager shall immediately correct it and notify
The Fund Custodian shall take reasonable measures to prevent further expansion of losses;
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager that
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The fund manager shall make an announcement and report to the CSRC for the record;
(3) If the above contents are otherwise stipulated by laws and regulations or regulatory authorities, their provisions shall prevail. If the industry
In other general practice, both parties shall negotiate in the principle of equality and protection of the interests of fund share holders
Commerce.
（7） Suspension of valuation
1. The securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
（8） Recognition of net fund value
The fund manager is responsible for calculating the net asset value of the fund and the net value of various fund units, and the fund custodian is responsible for
Review. The Fund Manager shall calculate the net asset value of the Fund on each working day and
The net value of Class A fund units shall be sent to the fund custodian. Issued after the Fund Custodian reviews and confirms the net value calculation results
The fund manager shall publish the net value of the fund according to the regulations.
（9） Fund asset valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the main pocket account assets shall be valued and
Disclose the net value of fund units and the accumulated net value of fund units in the main pocket account, and suspend the disclosure of the net value of funds in the side pocket account
Information.
（10） Handling of special cases
1. Errors caused by the Fund Manager or the Fund Custodian when conducting valuation according to Item 10 of the valuation method
The difference is not treated as an error in the valuation of fund assets;
2. Due to force majeure, or stock exchanges, futures exchanges, registration and clearing institutions, securities brokers
Data sent by institutions, futures brokerage institutions, deposit banks and other third-party institutions is incorrect, or national accounting policies
Changes, changes in market rules and other reasons not related to the Fund Manager and the Fund Custodian, the Fund Manager and the Fund Custody
Although we have taken necessary, appropriate and reasonable measures to check, we have failed to find errors or even found
The Fund Manager and
The Fund Custodian shall be exempted from liability for compensation. However, the Fund Manager and the Fund Custodian shall actively take necessary measures
Eliminate or mitigate the impact caused thereby.
12、 Fund fees and taxes
（1） Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Fund sales service fee;
4. Information disclosure fees related to the fund after the fund contract takes effect, but the laws and regulations, the CSRC
Unless otherwise specified;
5. Accounting fees, attorney fees, notarization fees, arbitration fees and litigation fees related to the Fund after the Fund Contract takes effect
Costs;
6. Expenses for the general meeting of fund share holders;
7. Account opening fees and account maintenance fees of relevant accounts of the Fund;
8. Securities and futures trading expenses of the Fund;
9. Bank transfer fees of the Fund;
10. Other expenses that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the provisions of the fund contract.
（2） Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at the annual fee rate of 0.8% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 0.8% ÷ Days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
Fund management fees are accrued daily and paid monthly. Within 3 working days from the first day of the next month
Send the fund management fee transfer instruction to the fund custodian, which will be reviewed by the fund custodian within 3 working days
The fund property shall be paid to the fund manager in a lump sum. In case of legal holidays, rest days or force majeure
If the payment cannot be made on time, it shall be postponed to the latest payment date.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.15% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.15% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily and paid monthly. Within 3 working days from the first day of the next month
Send the fund custody fee transfer instruction to the fund custodian, which will be reviewed by the fund custodian within 3 working days
One time withdrawal from gold property. If the payment cannot be made on time due to legal holidays, rest days or force majeure
The payment shall be postponed to the latest payable date.
3. Fund sales service fee
There is no sales service fee for Class A fund units of the Fund, and annual sales service fee for Class C fund units
The rate is 0.4%. The fund sales service fee will be used exclusively for the sale of the fund and the service of fund share holders.
The sales service fee shall be accrued at the annual fee rate of 0.4% of the net asset value of Class C fund units on the previous day. computing method
As follows:
H=E × 0.4% ÷ Days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The fund sales service fee is accrued daily and paid monthly. The fund manager will work for three days from the first day of the next month
Send the fund sales service fee transfer instruction to the fund custodian within days, and the fund custodian will review the three tasks
One time payment shall be made from the fund property within one day. The fund sales service fee shall be collected by the fund manager on behalf of the fund manager
Upon receipt, it shall be paid to the fund sales agency according to the relevant contract provisions. In case of legal holidays, rest days or
If the payment cannot be made on time due to force majeure, the payment shall be postponed to the latest payable date.
Items 4-10 of the above "(I) Types of fund expenses" shall be paid according to relevant regulations and corresponding agreements
It is stipulated that the actual amount of expenses shall be included in the current expenses, which shall be paid by the Fund Custodian from the Fund assets.
（3） Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
（4） Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the "Side Pocket Mechanism" section of this prospectus or relevant announcements for details of fees and other expenses.
（5） Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations
that 's ok.
The relevant taxes on the investment of fund assets shall be borne by the fund share holders and deducted by the fund manager or others
The payer shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
13、 Fund income and distribution
（1） Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after relevant expenses, the realized income of the fund refers to the balance after the fund profit minus the income from changes in fair value.
（2） Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized income.
（3） Principle of fund income distribution
1. The Fund may distribute its income on the premise that it meets the relevant dividend conditions of the Fund
See the relevant dividend announcement issued by the fund manager irregularly at that time according to the fund operation
The income distribution may not be carried out within 3 months after the entry into force;
2. Since Class A fund units of the Fund do not charge sales service fees, while Class C fund units are charged for cancellation
The service fee for sale and the distributable profits corresponding to each type of fund share will be different. The same category of the Fund
Each fund unit has the same right of distribution;
3. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Cash dividends or reinvestment of cash dividends automatically into corresponding types of fund units; If investors do not choose,
The Fund's default income distribution method is cash dividends;
4. After the distribution of fund income, the net value of various fund units cannot be lower than the par value; That is, the benchmark of fund income distribution
The net value of various fund units on the day minus the amount of income distribution per unit of such fund units cannot be lower than the par value;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
In compliance with laws and regulations and the fund contract, and without material adverse effect on the interests of fund share holders
The Fund Manager may adjust the fund income distribution principle and payment method without convening
General Meeting of Fund Unitholders.
（4） Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund receipts as of the base date of income distribution
The distribution object, distribution time, distribution amount and proportion, distribution method, etc.
（5） Determination, announcement and implementation of income distribution plan
The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian
Regulate media announcements.
（6） Expenses incurred in fund income distribution
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. When
When the investor's cash dividend is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund
The registration institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Bonus
The investment shall be calculated in accordance with the Business Rules.
（7） Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the side pocket account will not be used for income distribution. For details, see "Side
Bag mechanism ".
14、 Accounting and auditing of the Fund
（1） Fund accounting policy
1. The Fund Manager is the fund accounting responsible party of the Fund;
2. The accounting year of the Fund is from January 1 to December 31 of the Gregorian calendar year; Fund raised for the first time
The accounting year shall follow the following principles: if the fund contract takes effect for less than 2 months, it can be incorporated into the next accounting year
disclosure;
3. The bookkeeping base currency for fund accounting is RMB yuan, and the bookkeeping unit is RMB yuan;
4. The accounting system shall implement the relevant national accounting system;
5. The Fund establishes accounts and accounts independently;
6. The Fund Manager and the Fund Custodian shall respectively keep complete accounting accounts and vouchers and conduct daily
Accounting and preparation of fund accounting statements in accordance with relevant regulations;
7. The Fund Custodian shall check with the Fund Manager on the accounting and statement preparation of the Fund every month
It shall be confirmed in writing or in other ways agreed by both parties.
（2） Annual audit of the Fund
1. The employment of the Fund Manager independently from the Fund Manager and the Fund Custodian complies with the Securities Law
The required accounting firms and their certified public accountants shall audit the annual financial statements of the Fund.
2. An accounting firm shall obtain the prior consent of the fund manager to change its certified public accountant.
3. The Fund Manager shall notify the Fund Custodian if it believes that there is sufficient reason to change the accounting firm. more
The change of accounting firm shall be announced in the specified media as required.
15、 Information disclosure of the Fund
（1） The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures, the Information Disclosure Measures
Liquidity Risk Management Regulations, fund contracts and other relevant regulations. Relevant laws and regulations about information
In case of any change in the disclosure method, publishing media, reporting method and other provisions, the Fund shall comply with its latest provisions.
（2） Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convening fund unit holders
Fund Unitholders and other laws and regulations of the General Meeting and natural persons, legal persons and groups of non legal persons as stipulated by the CSRC
Woven.
The information disclosure obligor of the Fund takes the protection of the interests of fund share holders as the fundamental starting point, and in accordance with the law
Disclose fund information in accordance with regulations and the provisions of the CSRC, and ensure the authenticity, accuracy
Completeness, timeliness, simplicity and accessibility.
The information disclosure obligor of the Fund shall, within the time specified by the CSRC, submit the fund letter that should be disclosed
National newspapers and periodicals (hereinafter referred to as "regulated newspapers and periodicals") that meet the requirements of the CSRC
Internet websites regulated in the Information Disclosure Measures (hereinafter referred to as "regulated websites"), including fund managers
Website, fund custodian website, CSRC fund electronic disclosure website and other media, and ensure that
Gold investors can consult or copy publicly disclosed information at the time and in the manner agreed in the Fund Contract
Information.
（3） The Fund information disclosed by the Fund Information Disclosure Obligor shall not commit the following acts:
1. False records, misleading statements or major omissions;
2. To predict the performance of securities investment;
3. Committing gains or bearing losses in violation of regulations;
4. Slander other fund managers, fund custodians or fund sales agencies;
5. Publish congratulatory, complimentary or recommendatory words of any natural person, legal person or unincorporated organization;
6. Other acts prohibited by the CSRC.
（4） The information publicly disclosed by the Fund shall be in Chinese. If a foreign language text is used at the same time
The obligor of information disclosure shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts
The text shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the currency unit is RMB
Yuan.
（5） Publicly disclosed fund information
The publicly disclosed fund information includes:
1. Fund prospectus, fund contract, fund custody agreement, fund product information summary
(1) The fund contract is to define the rights and obligations of the parties to the fund contract and define the fund shares
The rules and specific procedures for holding the general meeting of holders of funds, specifying the characteristics of fund products, etc
Legal documents on matters of great interest.
(2) The prospectus of the fund shall disclose to the maximum extent all matters affecting the decisions of the fund investors,
Explain fund subscription, purchase and redemption arrangements, fund investment, fund product characteristics, risk disclosure and information disclosure
Disclose the services of fund share holders. After the Fund Contract takes effect, the information in the Fund Prospectus occurs
In case of major changes, the Fund Manager shall update the Fund Prospectus and publish it in the Regulations within three working days
On the website; If other information in the prospectus changes, the fund manager shall update it at least once a year.
If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus of the Fund.
(3) The Fund Custody Agreement defines the relationship between the Fund Custodian and the Fund Manager
Legal documents of rights and obligations in operation supervision and other activities.
(4) The fund product information summary is the summary document of the fund prospectus, which is used to provide investors with
A concise summary of the Fund. After the Fund Contract comes into effect, the information in the fund product information summary is significant
In case of any change, the fund manager shall update the summary of fund product information within three working days and publish it in the Regulations
Fixed websites and websites or business outlets of fund sales institutions; In case of any change in other information of the fund product profile,
The Fund Manager shall be updated at least once a year. If the operation of the fund is terminated, the fund manager will no longer update the fund products
Data summary.
After the fund raising application is registered with the CSRC, the fund manager shall,
Publish the suggestive announcement of the fund prospectus and the suggestive announcement of the fund contract in the specified newspapers and periodicals
The prospectus, summary of fund product information, fund contract and fund custody agreement are published on the specified website,
And publish the summary of fund product information on the website or business outlet of the fund sales agency; The Fund Custodian shall agree with
The fund contract and the fund custody agreement will be published on the specified website.
2. Fund Unit Offering Announcement
The Fund Manager shall prepare an announcement on the sale of fund units on the specific matters concerning the sale of fund units, and
The prospectus will be published on the specified newspapers and websites on the same day.
3. Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall, on the next day after receiving the confirmation document from the CSRC, publish the information in the required newspapers and websites
The announcement on the effectiveness of the fund contract is published on.
4. Net fund value information
After the Fund Contract comes into force and before starting to handle the subscription or redemption of fund units, the Fund Manager shall
Disclose the net value of various fund units and the accumulated net value of fund units less than once a week on the specified website.
After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day of, disclose all kinds of funds on the open day through the specified website, fund sales agency website or business outlets
Net value of units and cumulative net value of fund units.
The Fund Manager shall disclose the information on the prescribed website no later than the next day after the last day of the half year and the year
Net value of various fund units and accumulated net value of fund units on the year and the last day of the year.
5. Subscription and redemption price of fund units
The Fund Manager shall upload the application for fund shares in the fund contract, prospectus and other information disclosure documents
Calculation method of purchase and redemption price and relevant purchase and redemption rate, and ensure that investors can sell funds
The website or business outlet of the institution looks up or copies the above information.
6. Regular reports of the Fund, including annual reports, interim reports and quarterly reports (including
Quarterly portfolio report)
The Fund Manager shall, within three months from the end of each year, complete the annual report of the Fund and
The annual report is published on the specified website, and the advisory announcement of the annual report is published on the specified newspaper. Fund year
The financial accounting report in the report shall be audited by an accounting firm that complies with the provisions of the Securities Law.
The Fund Manager shall complete the interim report of the Fund within two months from the end of the first half of the year, and
Publish the interim report on the specified website, and publish the indicative announcement of the interim report on the specified newspaper.
The fund manager shall complete the fund quarter within 15 working days from the end of each quarter
Report, and publish the quarterly report on the specified website, and publish the suggestive announcement of the quarterly report on the specified newspaper
On.
If the fund contract takes effect for less than 2 months, the fund manager may not prepare the current quarterly report and interim report
Report or annual report.
During the continuous operation of the Fund, the Fund Manager shall disclose in the Fund's annual report and interim report
Fund portfolio assets and liquidity risk analysis.
In the report period, if a single investor holds 20% or more of the total fund shares
In order to protect the rights and interests of other investors, the Fund Manager shall at least report "impact on investment" on a regular basis
The investor's category, held shares and proportion at the end of the reporting period
Changes in shares held during the reporting period and the unique risks of the Fund, except for special circumstances recognized by the CSRC
Outside.
7. Interim report
In the event of a major event of the Fund, the relevant information disclosure obligor shall comply with the provisions of the Information Disclosure Measures
Prepare an interim report and publish it on the specified newspapers and websites.
The term "major event" as mentioned in the preceding paragraph refers to the possible impact on the rights and interests of fund unit holders or the price of fund units
The following events with significant impact:
(1) The convening and decisions of the general meeting of fund share holders;
(2) Terminate the fund contract and liquidate the fund;
(3) Conversion of fund operation mode and fund merger;
(4) Change the fund manager, fund custodian, fund share registration agency, and change the fund to an accountant
office;
(5) The fund manager entrusts the fund service institution to handle the registration, accounting and valuation of fund shares on its behalf
The Fund Custodian entrusts the Fund Service Institution to handle the accounting, valuation and review of the Fund on its behalf;
(6) The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
(7) The fund manager changes the shareholders holding more than 5% of the equity, or changes the fund manager
International controller;
(8) The fund raising period is extended or the fund raising is terminated in advance;
(9) Senior managers of fund managers, fund managers and special fund custody departments of fund custodians
The person in charge changes;
(10) The directors of the Fund Manager have changed by more than 50% in the last 12 months; fund management
The main business personnel of the special fund custody department of the Fund Custodian and the Fund Custodian have changed by more than 100% in the last 12 months
Thirty percent;
(11) Litigation or arbitration involving fund management business, fund property and fund custody business;
(12) The fund manager or its senior managers and fund managers are subject to
In case of major administrative punishment or criminal punishment, the Fund Custodian or the head of its special fund custody department shall
Conduct related to business management subject to major administrative punishment and criminal punishment;
(13) The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the actual controller or a company that has a major interest relationship with it or certificates underwritten during the underwriting period
Securities, or other major related party transactions, unless otherwise stipulated by the CSRC;
(14) Fund income distribution matters;
(15) Accrual of fund management fee, fund custody fee, sales service fee, subscription fee, redemption fee, etc
Changes in standards, accrual methods and rates;
(16) The valuation error of the net value of any type of fund unit reaches 0.5% of the net value of such type of fund unit;
(17) The Fund begins to handle subscription and redemption;
(18) The Fund is redeemed in large amount and postponed;
(19) The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
(20) The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
(21) The Fund is involved in the adjustment of fund subscription and redemption events or the potential impact on investors' redemption
Major events;
(22) The Fund Manager adopts the swing pricing mechanism for valuation;
(23) Adjust the setting of fund share categories;
(24) The Fund launches new businesses or services;
(25) The obligor of fund information disclosure believes that the rights and interests of fund unit holders or fund units may be affected
Other matters that have a significant impact on the price of the Fund, or other matters specified by the CSRC or agreed in the Fund Contract.
8. Clarification announcement
During the duration of the Fund Agreement, any news appearing in any public media or circulating in the market may
Can have a misleading impact on the price of fund units or cause major fluctuations, and may damage fund units
If the rights and interests of the holder are known, the relevant information disclosure obligor shall immediately publicly clarify the information.
9. Resolution of the general meeting of fund share holders
The matters decided by the general meeting of fund unit holders shall be reported to the CSRC for record and announced in accordance with the law.
10. Liquidation report
In case of termination of the Fund contract, the Fund Manager shall organize the Fund Assets Liquidation Team in accordance with the law to
Financial assets shall be liquidated and a liquidation report shall be made. The fund assets liquidation group shall publish the liquidation report in the regulations
Website, and publish the suggestive announcement of the liquidation report on the specified newspaper.
11. Information disclosure of fund investment in stock index futures
The Fund Manager shall make regular reports on the quarterly report, interim report and annual report of the Fund
And the prospectus (update) and other documents to disclose the trading of stock index futures, including investment policies and positions
Situation, profit and loss, risk indicators, etc., and fully reveal the impact of stock index futures trading on the overall risk of the fund
And whether it conforms to the established investment policies and investment objectives.
12. Information disclosure of fund investment in treasury bond futures
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
(updated) and other documents, including investment policies, positions, profits and losses
Risk indicators, and fully reveal the impact of treasury bond futures trading on the overall risk of the Fund and whether it is consistent with
Investment policies and investment objectives.
13. Information disclosure of fund investment in asset-backed securities
When the Fund invests in asset-backed securities, the Fund Manager shall disclose it in the Fund's annual report and interim report
The total amount of asset-backed securities held by it, the proportion of the market value of asset-backed securities in the net assets of the fund and the report period
Details of all asset-backed securities. The Fund Manager shall disclose the asset expenditure held by it in the quarterly report of the Fund
Total securities held, the proportion of market value of asset-backed securities in the net assets of the fund and the proportion of market value in the net assets of the fund at the end of the reporting period
Details of the top 10 asset-backed securities ranked by asset proportion.
14. Information disclosure of restricted securities for fund investment and circulation
The fund manager shall, within two trading days after the fund invests in the non-public offering of shares
The fixed media shall disclose the name, quantity, total cost, book value and assembly of the non-public offering shares invested
Information such as the proportion of the current and book value in the net asset value of the fund and the lock up period.
15. Information disclosure of fund investment stock options
The Fund Manager shall disclose the relevant information about its participation in stock option trading in the regular information disclosure documents,
Including investment policies, positions, profits and losses, risk indicators, valuation methods, etc., and fully revealing stocks
The impact of option trading on the overall risk of the Fund and whether it conforms to the established investment policies and investment objectives.
16. Information disclosure during the implementation of the side pocket mechanism
Where the Fund implements the side pocket mechanism, relevant information disclosure obligors shall, in accordance with laws, regulations and fund contracts
And the provisions of the Prospectus, see the provisions of the "side pocket mechanism" section of this Prospectus for details.
17. Other information specified by the CSRC.
（6） Information disclosure management
The Fund Manager and the Fund Custodian shall establish and improve the information disclosure management system, designate special departments and
Senior management is responsible for managing information disclosure.
The fund manager, fund custodian and relevant practitioners shall not disclose the fund information that has not been publicly disclosed.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information of the CSRC
The disclosure content and format standards and other regulations.
The Fund Custodian shall, in accordance with the relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract,
Net value of fund assets, net value of various fund units, subscription and redemption of various fund units prepared by the fund manager
Price, regular fund report, updated prospectus, summary of fund product information, fund liquidation report, etc
Review and review the publicly disclosed fund information, and confirm it in writing or electronically to the fund manager.
The Fund Manager and the Fund Custodian shall choose one of the required newspapers to disclose the Fund of the Fund
Information. The Fund Manager and the Fund Custodian shall submit the proposed disclosure to the electronic disclosure website of the CSRC
And ensure the authenticity, accuracy, integrity and timeliness of relevant information submitted.
In order to strengthen investor protection and improve the quality of information disclosure service, the fund manager shall
From the date of the regulation, provide investors with timely information that has a significant impact on their investment decisions in accordance with the provisions of the CSRC
Information.
In addition to disclosing information as required by laws and regulations, fund managers and fund custodians can also focus on investment
From the perspective of providing useful information when making decisions, we should ensure that investors are treated fairly, not mislead investors, and not affect the
Under the premise of normal investment operation, independently improve the quality of information disclosure services. The specific requirements shall meet the requirements of
Relevant regulations of China Securities Regulatory Commission. In case of any information disclosure fee arising from the aforesaid independent disclosure, such fee shall not be transferred from the fund property
Chinese listed.
Special purpose of issuing audit report and legal opinion for the fund information publicly disclosed by the fund information disclosure obligor
The business institution shall prepare working papers and keep relevant files for at least 10 years after the termination of the fund contract.
（7） Suspension or delay of information disclosure
The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund related letters in the following circumstances
Information:
1. The securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. Laws and regulations, fund contract or the situation stipulated by the CSRC.
（8） Storage and reference of information disclosure documents
After the release of the information that must be disclosed according to law, the Fund Manager and the Fund Custodian shall comply with the relevant laws and regulations
Regulations require that information be kept at the company's domicile for public reference and reproduction.
16、 Side pocket mechanism
（1） Implementation conditions, implementation procedures and specific asset scope of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to convene a fund
General meeting of unit holders. The fund manager shall report to the CSRC and the company on the day when the side pocket mechanism is enabled
To the dispatched office of China Securities Regulatory Commission.
Specific assets include: (1) There is no active market price for reference and the use of valuation techniques still leads to fair
Assets with significant uncertainty in value; (2) Measured at amortized cost and provision for asset impairment is still derived
Assets that cause significant uncertainty in asset value; (3) Other assets with significant uncertainty
assets.
（2） Fund operation arrangements during the implementation of the side pocket mechanism
1. Subscription and redemption of fund units
(1) Side pocket account
During the implementation of the side pocket mechanism, the fund manager will not handle the subscription, redemption and conversion of the side pocket account. fund
If the unit holder applies for subscription, redemption or conversion of fund units in the side pocket account, the subscription, redemption or conversion application
Please be rejected.
(2) Main pocket account
The Fund Manager will ensure that the holders of units in the master account enjoy the redemption rights agreed in the Fund Contract in accordance with the law,
The subscription items shall be reasonably determined according to the operation of the main account, and the specific items will be listed by the fund manager
It is stipulated in the relevant public notice.
(3) When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After consultation and confirmation, the Fund Manager shall suspend the valuation of the Fund and suspend the acceptance of the application for subscription and redemption of the Fund or postpone
Deferred payment of redemption money.
For the redemption application received on the day when the side pocket mechanism is activated, the fund manager only handles the redemption of the main pocket account
Apply for and pay the redemption money. The subscription application received on the day when the side pocket mechanism is activated is regarded as the investor's side pocket
The subscription application submitted by the main pocket account after the mechanism is enabled.
2. Registration of Fund Units
During the implementation of the side pocket mechanism, the fund manager shall independently manage the shares of the side pocket account, and the main pocket account
The original fund code is used, and the side pocket account uses an independent fund code. The name of the side pocket account share is "Fund"
The format of "Abbreviation+Side Bag Identification S+Side Bag Account Establishment Date" is set, and the name of the main bag account share is increased
The capital M is identified as a suffix. After the cancellation of all side pocket accounts of the fund, the name of the main pocket account unit will be cancelled
M ID in.
On the day when the side pocket mechanism is activated, the fund manager and the fund registration institution shall
Based on the account share, confirm the list and share of the corresponding side pocket account holders.
After the assets of the side pocket account are fully liquidated, the fund manager will cancel the side pocket account.
3. Investment and performance of the Fund
During the implementation of the side pocket mechanism, all investment operation indicators and fund performance indicators of the Fund shall be listed in the main pocket
Account assets are the benchmark. The fund manager shall not carry out other than specific asset disposal and realization in the side pocket account
Other investment operations.
The Fund Manager and the relevant service institutions shall, when presenting the performance of the Fund, make full use of the foregoing information
Explain to avoid misunderstanding by investors.
In principle, the fund manager shall complete the investment in the main pocket account within 20 trading days after the side pocket mechanism is activated
The adjustment of the asset portfolio, except for the circumstances prescribed by the CSRC such as limited asset liquidity.
4. Valuation of the Fund
On the day when the side pocket mechanism was launched, the fund manager took the net assets of the fund after the completion of the end of day valuation as the base
The assets of the pocket account and the side pocket account are divided, and the corresponding asset account balance
The balance of liability accounts other than tax payable is included in the side pocket account. The fund manager shall make the specific assets
As a whole, the part whose fair value cannot be determined cannot be divided.
During the implementation of the side pocket mechanism, the fund manager will set up a separate account set for the side pocket account and implement independent accounting.
If the Fund has multiple side pocket accounts at the same time, different side pocket accounts shall be accounted separately. Side pocket account meeting
The accounting shall comply with the relevant requirements of the Accounting Standards for Business Enterprises.
5. Fund expenses
During the implementation of the side pocket mechanism, no management fee will be charged for the assets of the side pocket account. Information generated by the side pocket mechanism
The fund manager shall bear the inquiry and audit fees.
The fund manager may, after the assets of the side pocket account are realized, transfer the expenses related to the disposal of the assets of the side pocket account
Disbursed from the side pocket account.
6. Income distribution of the Fund
During the implementation of the side pocket mechanism, when the shares of the main pocket account meet the conditions for income distribution of the fund contract,
The fund manager can distribute the income of the main pocket account shares. The side pocket account does not carry out income distribution.
7. Information disclosure of the Fund
(1) Net fund value information
During the implementation of the side pocket mechanism, the fund manager shall suspend the disclosure of the net value of the fund units and the base value of the side pocket account
Accumulated net value of gold shares.
(2) Periodic reports
During the implementation of the side pocket mechanism, the fund accounting statements in the fund periodic report only need to be carried out for the main pocket account
organization. The information related to the side pocket account is disclosed separately in the periodic report, including but not limited to:
1) Basic information such as fund code, fund name and establishment date of side pocket account;
2) Initial assets and liabilities of side pocket account;
3) The name, code, issuer and other basic information of specific assets;
4) Progress of disposal of specific assets, expenses related to disposal of specific assets and
Other information related to specific asset conditions;
5) The net realizable value or net value reference area of specific assets can be disclosed according to the progress of specific asset disposal
The net value or net value range does not represent the final realization price of a specific asset, and is not used as a reference for the fund manager
Commitment on the final realization price of specific assets;
6) Other situations that may have a significant impact on the interests of investors and relevant risk tips.
(3) Interim report
When the fund manager starts side pocket mechanism, disposes of specific assets, terminates side pocket mechanism and
Temporary announcements shall be issued in a timely manner after matters that can have a significant impact on the interests of investors.
The contents of the temporary announcement for the launch of the side pocket mechanism should include the reasons and procedures for the launch, specific asset liquidity and
Important information such as valuation, impact on investors' purchase and redemption, risk warning, etc.
The contents of the temporary announcement on the disposal of specific assets shall include the price and time of the disposal of specific assets, and the side pocket account
Important information such as the amount paid by the account unit holder and the occurrence of relevant expenses. During the implementation of the side pocket mechanism,
If the assets in the side pocket account cannot be disposed and realized at one time, the fund manager shall
It is required to issue temporary announcements in a timely manner.
8. Disposal and liquidation of specific assets
The Fund Manager will formulate a realization plan in accordance with the principle of maximizing the interests of fund share holders, and will pocket funds on the side
Realization of assets disposal. No matter whether the assets in the side pocket account have been fully realized, the fund manager should timely transfer the assets to the side pocket account
The fund share holder corresponding to the account shall pay the corresponding amount of the realized part.
9. Audit of side pockets
The fund manager shall, after the side pocket mechanism is activated and the side pocket mechanism is terminated, timely employ the fund manager in accordance with the Securities Law
The specified accounting firm shall audit and disclose special audit opinions, as follows:
The fund manager shall, when using the side pocket mechanism, obtain compliance with relevant matters concerning the identification of specific assets
Professional opinions of accounting firms specified in the Securities Law.
The fund manager shall, within five working days after the side pocket mechanism is launched
The accounting firm that expressed the opinion issued a special report on the specific assets held by the fund in Japan when the side pocket mechanism was activated
The audit opinion shall include the initial assets, shares, net assets and other information of the side pocket account.
When auditing the annual report of the Fund, the accounting firm shall operate the side pocket mechanism of the Fund during the reporting period
Relevant accounting and annual report disclosure, implementation of appropriate procedures and issuance of audit opinions.
When all assets in the side pocket account have been realized, the fund manager shall refer to the relevant requirements of the fund liquidation report
It is required to hire an accounting firm conforming to the Securities Law to audit the side pocket account and disclose the special audit
Design opinions.
（3） The relevant provisions of this part on the side pocket mechanism directly refer to laws, regulations or regulatory rules
If the relevant content is cancelled or changed due to the modification of laws and regulations or regulatory rules in the future
After reaching consensus with the Fund Custodian and performing appropriate procedures, the Manager has no real interest in the Fund Unitholders
Under the premise of qualitative adverse effects, this part can be directly modified and adjusted, without the need to convene funds
Deliberated by the general meeting of holders.
17、 Risk disclosure
（1） Risks unique to the Fund
1. The Fund is a hybrid fund whose assets are mainly invested in the stock market and bond market, so
The changes of stock market and bond market will affect the performance of funds. The proportion of the Fund's stock assets is not higher than the Fund's assets
40% of the total assets. When adjusting the asset allocation ratio, it cannot completely resist the risk of market decline. The net value of the fund
Performance may therefore be affected. The Fund Manager will give full play to the advantages of professional research to strengthen the market and listing
Through in-depth research on the company's fundamentals and fixed income products, we continue to optimize the portfolio configuration to control specific risks.
In addition, since the Fund can also invest in other varieties, the price of these varieties may also be affected by the various types of
A certain range of fluctuations will occur due to changes, which will generate specific risks and affect the investment returns of the overall fund.
2. Investment risk of asset-backed securities
Asset backed securities are still in the early stage of development in the domestic market, with low liquidity and high returns
There are certain investment risks. The investment in asset-backed securities is closely related to the underlying assets, so it will be subject to special
The impact of bankruptcy risk and cash flow forecast risk of the original obligee; Asset support certificate invested by the Fund
When the credit rating of bonds changes, the Fund will face the risk of temporary position adjustment; In addition, when the asset expenditure
In the event that the issuer, manager, custodian, etc. holding securities violate the rules and regulations, the Fund will be unable to
The risk of collecting investment income or even losing the principal.
3. Investment risk of treasury bond futures
The trading of treasury bond futures adopts margin trading, and the fund assets may fail to raise funds in time
Meet the margin required to establish or maintain treasury bond futures positions and face margin risk. At the same time, the potential
The loss may be multiplied, with leverage risk. In addition, the use of treasury bond futures in hedging market risks
In the process, the fund assets may face the basis due to the inconsistency between the price fluctuation of the treasury bond futures contract and the contract subject
Risk.
4. The Fund can invest in stock index futures, which adopt the margin trading system
It is easy to be leveraged. In case of adverse market conditions, small changes in the stock index may cause investors' equity
Suffer great losses. The daily debt free settlement system is adopted for stock index futures. If the settlement is not made within the specified time
If the deposit is sufficient, the position will be forced to be closed according to the regulations, which may cause significant losses to the investment.
5. The Fund can invest in stock options. The risks of stock options mainly include market risk and liquidity risk
Insurance, margin risk, credit risk and operational risk. Market risk refers to the price change of the subject matter
The price fluctuation of derivatives. Liquidity risk refers to the risk arising when the fund trading volume is greater than the trading volume that can be quoted in the market
Health risks. Margin risk refers to the failure to raise funds in time to meet the requirements of establishing or maintaining derivatives contracts
The risk caused by the required margin. Credit risk refers to the risk that the counterparty is unwilling or unable to perform the contract
Insurance. Operational risk refers to the trading process, trading system, personnel negligence, or other unexpected events
Losses incurred.
6. The Fund may invest in restricted negotiable securities, which cannot be sold within a certain lock up period,
It may face liquidity risk that cannot be realized in time, market price fluctuation risk during the lock up period, etc.
7. Investment risk of depositary receipts
The investment scope of the Fund includes depositary receipts, except for other funds that only invest in stocks in Shanghai and Shenzhen markets
In addition to the common risks, the Fund will also face significant fluctuations in the price of China's depositary receipts, or even large losses
Risk of loss, as well as risks related to the issuance mechanism of China's depositary receipts, including the relationship between holders of depositary receipts and foreign countries
Risks that may arise from differences in legal status and rights enjoyed by shareholders of external underlying securities issuers;
Risks that may arise from special arrangements made by holders of depositary receipts in terms of dividend distribution and voting rights; Deposit
The risk that the deposit agreement automatically binds the holders of depositary receipts; Price difference of depositary receipts due to listing in multiple places
Volatility risk; Risk of dilution of the rights and interests of holders of depositary receipts; Risk of delisting depositary receipts; Already in China
There may be risks of differences between the issuers of overseas listed underlying securities and domestic issuers in terms of continuous information disclosure supervision;
Other risks that may be caused by differences in domestic and overseas legal systems and regulatory environment.
8. Risk of not redeeming fund units within the shortest holding period
The Fund sets the minimum holding period for each fund unit, which poses liquidity risk to investors. Base
The main operation mode of the fund is set to allow investors to subscribe every working day, but for each fund unit, it is set to
Short holding period: within the shortest holding period, the fund unit holder cannot apply for redemption of the fund unit.
That is, investors should consider the risk that funds cannot be redeemed before the expiration of the shortest holding period.
（2） Portfolio risk
The risk of investment portfolio mainly includes market risk, credit risk and liquidity risk.
1. Market risk
The price of the securities market is affected by various factors such as economic factors, political factors, investment psychology and trading system
The fluctuation caused by the impact will have potential risks on the Fund's assets, mainly including:
(1) Policy risk
Changes in national macroeconomic policies, such as monetary policy, fiscal policy and industrial policy, lead to securities market prices
The risk is caused by the fluctuation of the fund income.
(2) Business cycle risk
The economic operation is characterized by periodicity, and the income level of the securities market is affected by the macroeconomic operation
The effect also shows cyclical changes. The return level of the fund invested in the stocks and bonds of listed companies will also
Then changes occur, resulting in risks.
(3) Interest rate risk
Fluctuations in interest rates in the financial market will lead to changes in prices and yields in the stock market and bond market
It directly affects the financing cost and profit level of enterprises. The fund invests in stocks and bonds, and its income level will
Affected by changes in interest rates, resulting in risks.
(4) Inflation risk
The income of fund holders will be distributed mainly in the form of cash. In case of inflation
The purchasing power will decline, thus affecting the actual income of the fund.
(5) Exchange rate risk
Changes in exchange rates may have different impacts on different sectors of the national economy, leading to the investment of the Fund
The company's performance and the price of its securities were affected.
(6) Operating risks of listed companies
The operation of listed companies is affected by many factors. If the listed company invested in is poorly operated, its shares
The price may fall, or the profits that can be used for distribution may decrease, which will reduce the investment income of the Fund. Although fundamental
Jin can reduce this unsystematic risk through decentralized investment, but it cannot completely eliminate this risk.
(7) Risk of bond yield curve change
The risk of bond yield curve change refers to the risk related to the non parallel movement of the yield curve
The duration index does not fully reflect the existence of this risk.
(8) Reinvestment risk
The decrease of market interest rate will affect the reinvestment yield of interest income of fixed income securities, which is related to the interest rate
The price risks brought by the rise are mutually fluctuating.
2. Credit risk
The bond issuer defaults, refuses to pay the due principal and interest, or the credit quality of the bond issuer decreases
The risk that leads to the decline of bond price, and the credit risk also includes the securities transaction caused by the default of the securities counterparty
Cut risk.
3. Liquidity risk
The risk that securities cannot be quickly and cheaply converted into cash due to insufficient trading volume in the market. flow
Sexual risks also include that the Fund does not have enough cash to pay due to the large redemption of the Fund by investors
The risk caused by the fund redemption payment requirements.
The proposed investment market, industry and assets of the Fund have good liquidity, and the subscription agreed in the fund contract
The redemption arrangements are matched and can support the redemption requirements of investors in different market situations. Main flows of the Fund
The liquidity risk refers to the liquidity risk that investors may face due to huge redemption. If the investors are large
If the fund manager is forced to sell the investment varieties held to meet the cash needs of fund redemption due to volume redemption, then
The net asset value of the Fund may be adversely affected. The fund manager has established an internal response mechanism for massive redemption,
Take standby liquidity risk management countermeasures when huge redemption occurs, and effectively protect the stock fund shares
The legitimate rights and interests of the holder.
(1) Fund subscription and redemption arrangements
See "VIII. Subscription and Redemption of Fund Units" in this Prospectus for the specific arrangements for subscription and redemption of the Fund
Section.
(2) Liquidity risk assessment of the proposed investment market
The Fund mainly invests in domestic financial instruments with good liquidity. With the development of China's stock and bond markets
With the gradual improvement of the market trading mechanism, the optimization of the investor structure, and the introduction of laws and regulations related to information disclosure, I
China's stock and bond markets already have good liquidity. At the same time, the fund manager selects individual stocks and bonds
We will select high-quality targets with good liquidity. Therefore, the overall market in which the Fund intends to invest is relatively high
The liquidity level can match the subscription and redemption arrangements agreed by the Fund.
(3) Liquidity risk management measures under massive redemption
The fund manager has established an internal response mechanism for huge redemption of funds, and strictly
Pre monitoring, in-process control and post evaluation. Fund managers and risk management in case of huge redemption of funds
The Department will conduct liquidity assessment according to the actual situation to confirm whether all redemption funds can be paid. When found
When the cash assets are insufficient to pay the redemption money, the Fund Manager will fully evaluate the realization of fund portfolio assets
On the basis of ability, investment proportion change and net value fluctuation of fund units, prudently accept and confirm the redemption application.
See "(X) Huge amount" in the section of "VIII. Subscription and redemption of fund units" in this prospectus for specific measures
Redemption situation and handling method ".
(4) Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
1) Suspend redemption or postpone payment of redemption funds: see "VIII. Funds" in the Prospectus for specific measures
"(IX) Circumstances of suspending redemption or delaying payment of redemption funds" in the chapter of "subscription and redemption of
Relevant provisions of "(X) Situation and handling method of massive redemption".
2) Delaying the application for massive redemption: see "VIII
Relevant provisions of "(X) Situation and handling method of massive redemption" in the chapter of subscription and redemption.
3) Suspend fund valuation
See "(VII) Temporary valuation" in the "XI. Fund asset valuation" section of the Prospectus for details of the suspension of valuation
Suspension of valuation ", when specific assets account for more than 50% of the net asset value of the fund on the previous valuation date,
Upon consensus with the Fund Custodian, the Fund Manager shall suspend the valuation of the Fund, and the Fund Manager shall
Take measures to postpone the payment of redemption funds or suspend the acceptance of fund subscription and redemption applications.
4) Swing pricing: In case of large amount purchase or redemption, the fund manager can adopt swing pricing
Price mechanism to ensure the fairness of fund valuation. When the net purchase or redemption of the fund exceeds a certain amount of the net assets of the fund
The net value of fund units shall be increased or decreased accordingly when the proportion is determined. Therefore, in the case of large redemption, if
If the manager adopts the swing pricing tool, the net value of the fund units redeemed on the day will be reduced.
5) Implement side pocket mechanism
For specific measures, please refer to the relevant contents in the "XVI. Side pocket mechanism" section of the Prospectus.
（3） Managing risk
In the process of fund management and operation, the fund manager may have
Incorrect or incomplete information will affect the return level of the fund. Management level and management means of the fund manager
And management technology have an impact on the level of fund returns.
（4） Compliance risk
It means that the investment operation of the Fund does not comply with the provisions of relevant laws and regulations and the requirements of the Fund Agreement
Risk.
（5） Operational risk
In the process of fund operation, operational errors or violations are caused by defects in internal control or human factors
Risks caused by operating procedures, such as unauthorized transactions, fraud of accounting department, transaction errors, IT department
System failure and other risks.
（6） Risk of enabling side pocket mechanism
When the Fund uses the side pocket mechanism, the share of the side pocket account will stop disclosing
The net value of gold units shall not be applied for, redeemed or converted. Because the realization time of specific assets is uncertain
The final realization price is also uncertain and may be significantly lower than the specific capital when the side pocket mechanism is enabled
Fund share holders may suffer losses due to the valuation of assets.
（7） Other risks
1. Cash management risk
Due to the special requirements of open-ended funds, the Fund must maintain a certain cash ratio to meet the redemption
Demand. When managing cash positions, there may be risks of insufficient cash and opportunities brought by excessive cash
Cost risk.
2. Technical risk
When the computer, communication system, trading network and other technical support systems or information network support are abnormal
The daily subscription and redemption of the fund may not be completed within the normal time limit, the registration system may be paralyzed
The calculation system cannot display the risks such as net value generated, and the investment trading instructions of the fund cannot be transmitted in time according to the normal time limit.
3. Large redemption risk
The Fund is an open-ended fund, and the size of the Fund will not change with the purchase and redemption of fund shares by investors
Break change, if the fund manager is forced to sell bonds and stocks due to the continuous large redemption of investors
In order to meet the cash needs of fund redemption, the net asset value of the fund may be adversely affected.
4. Risk of postponement or suspension of redemption
Large amount of redemptions have occurred continuously due to violent market fluctuations or other reasons, which has led to the cash flow of the fund manager
In case of difficulties in fund payment, investors may encounter partial postponement or suspension of redemption when redeeming fund units
Backward risk.
5. Other force majeure risks
The emergence of war, natural disasters and other force majeure factors will seriously affect the operation of the securities market
Can lead to loss of fund assets. Financial market crisis, industry competition, agency default, etc. exceed fund management
Risks beyond the direct control of the individual may cause damage to the interests of the Fund or Fund Unitholders.
Statement:
The Fund is not guaranteed by any government, institution or department at any level. Investors who wish to invest in the Fund must
Take the investment risk.
18、 Change and Termination of Fund Contract and Liquidation of Fund Assets
（1） Changes to the Fund Contract
1. The change of the fund contract involves the provisions of laws and regulations or the fund contract shall be approved by the fund unit holders
If a resolution is passed at the meeting, a general meeting of fund unit holders shall be convened to pass the resolution. For laws and regulations
The Fund Manager and the Fund
The change shall be announced after the approval of the custodian and reported to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it comes into effect
After the proposal takes effect, it shall be announced in the specified media as required.
（2） Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the Fund Manager and the Fund Custodian are terminated, and there are no new Fund Managers or new Fund Custodians within 6 months
Undertaken by the Fund Custodian;
3. Other circumstances stipulated in the fund contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
（3） Liquidation of fund assets
1. Fund asset liquidation group: established within 30 working days from the date of termination of the fund contract
The liquidation group and the fund manager shall organize the fund assets liquidation group and conduct the fund under the supervision of the CSRC
Liquidation.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
The administrator, certified public accountants and lawyers who meet the requirements of the Securities Law, and personnel designated by the CSRC.
The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund contract, the Fund Assets Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct liquidation
The report shall issue a legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is limited
If it cannot be realized in time, the liquidation period shall be postponed accordingly.
（4） Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation
The liquidation expenses shall be paid by the fund assets liquidation group from the remaining assets of the fund in priority.
（5） Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
（6） Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The fund assets liquidation report is in compliance with the Securities Law
The required accounting firm shall audit and the law firm shall issue a legal opinion, which shall be submitted to the CSRC for record
And make an announcement. The fund assets liquidation announcement shall be made within 5 working days after the fund assets liquidation report is submitted to the CSRC for filing
The fund assets liquidation group shall make an announcement. The fund assets liquidation group shall publish the liquidation report in the regulations
Website, and publish the suggestive announcement of the liquidation report on the specified newspaper.
（7） Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 20 years
If there are other provisions in the governing rules, such provisions shall prevail.
19、 Summary of the Fund Agreement
1、 Rights and obligations of fund share holders, fund managers and fund custodians
（1） Rights and obligations of fund share holders
The fund investor's holding of the fund shares of the Fund shall be deemed as the recognition and acceptance of the Fund Contract,
The fund investor will become the fund share holder and the fund investor will become the fund share holder
The parties to the Fund Agreement until they no longer hold the Fund units of the Fund. Fund share holders as
The parties to the Fund Contract are not required to sign or seal the Fund Contract in writing.
Unless otherwise stipulated by laws and regulations or the fund contract, each fund unit of the same category has the same
And other legal rights and interests.
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) Apply for redemption or transfer of fund units held by them according to law;
(4) To call a general meeting of fund unit holders or a general meeting of fund unit holders as required;
(5) Attend or appoint a representative to attend the general meeting of fund unit holders
Exercise the right to vote on matters under consideration;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) The legal rights and interests of the fund manager, fund custodian and fund service institution shall be harmed in accordance with
Legal action or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders
Including but not limited to:
(1) Carefully read and abide by the Fund Contract, Prospectus and other information disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the fund investment
Value, make investment decisions independently and bear investment risks independently;
(3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
(4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
(5) Undertaking fund losses or terminating the Fund Contract within the scope of fund units held by them
Limited liability;
(6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund Contract;
(7) Implement the effective resolutions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
（2） Rights and obligations of the Fund Manager
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Manager include
But not limited to:
(1) Raising funds according to law;
(2) As of the effective date of the Fund Contract, it shall be used independently in accordance with laws and regulations and the Fund Contract
And manage the fund assets;
(3) Collect fund management fees in accordance with the Fund Contract and the provisions of laws and regulations or approved by the CSRC
Other approved expenses;
(4) Sale of fund shares;
(5) Convene the general meeting of fund unit holders in accordance with the provisions;
(6) Supervise the Fund Custodian in accordance with the Fund Contract and relevant laws and regulations
If a person violates the Fund Contract and relevant national laws and regulations, he shall report it to the CSRC and other regulatory authorities,
And take necessary measures to protect the interests of fund investors;
(7) Nominate a new Fund Custodian when the Fund Custodian changes;
(8) Select and replace the fund sales agency, supervise and deal with the relevant acts of the fund sales agency
Reason;
(9) Act as or entrust other qualified institutions to act as fund registration agencies to handle fund registration business
And obtain the fees specified in the Fund Contract. If other institutions are entrusted to handle the registration business
The fund registration authority shall supervise the fund registration;
(10) Determine the distribution plan of fund income in accordance with the Fund Contract and relevant laws and regulations;
(11) Reject or suspend the acceptance of subscription, redemption and conversion applications within the scope agreed in the Fund Contract
Please;
(12) Exercising shareholders' rights against the invested company for the benefit of the fund in accordance with laws and regulations, and for the benefit of the fund
To exercise the rights arising from the investment of the Fund's assets in securities;
(13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
(14) Exercising litigation rights on behalf of fund share holders in the name of the fund manager; or
Performing other legal acts;
(15) Select and replace law firms, accounting firms, securities/futures brokers or others
External institutions providing services by the Fund;
(16) Formulate and adjust relevant fund subscription, subscription
Business rules for redemption, conversion, fixed investment, non trading transfer, custody transfer and income distribution;
(17) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include
But not limited to:
(1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle
The sale, subscription, redemption and registration of fund units;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and operate in the principle of good faith, prudence and diligence
Use of fund assets;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making, so as to be professional
Management and operation of fund assets;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure that the assets of the fund under management and the assets of the fund manager are independent of each other, and to separate the different funds under management
Management, separate bookkeeping and securities investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
Do not entrust a third person to operate the fund property if they seek benefits for themselves or any third person;
(7) Accept the supervision of the Fund Custodian according to law;
(8) Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The method shall comply with the provisions of the Fund Contract and other legal documents, and the net value of the Fund shall be calculated and announced in accordance with the relevant provisions,
Determine the price of subscription and redemption of fund units;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Perform information disclosure in strict accordance with the Fund Law, the Fund Contract and other relevant provisions
And reporting obligations;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. Except Fund
Unless otherwise specified in the Law, the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure,
Do not disclose to others, except for the circumstances required by external professional consultants such as audit and law consultants;
(13) Determine the fund income distribution plan according to the Fund Contract, and hold the fund shares in a timely manner
Distribution of fund income by people;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law, or to cooperate with the fund custodian and fund unit holders;
(16) Keep the accounting books, statements, records and other relevant information of fund property management business activities as required
The relevant information has been for more than 20 years, and the provisions of laws, regulations or regulatory rules shall prevail if they are otherwise provided;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and
To ensure that investors can check the information related to the Fund at any time according to the time and method specified in the Fund Contract
Disclose materials and obtain copies of relevant materials at reasonable cost;
(18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation
Realization and distribution;
(19) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And notify the Fund Custodian;
(20) Loss or damage to fund assets due to violation of the Fund Contract
When he/she has rights and interests, he/she shall be liable for compensation, and his/her liability for compensation shall not be exempted by his/her retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the Fund Custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall hold
The interests of the Fund Custodian shall be recovered from the Fund Custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Undertake responsibility for the conduct of financial affairs, but the fund property or the interests of fund share holders are subject to
In case of losses and the Fund Manager first assumes the responsibility, the Fund Manager has the right to claim compensation from a third party;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise the right of litigation or enforce its
Other legal acts;
(24) The Fund Manager fails to meet the filing conditions of the Fund during the raising period, and the Fund Contract cannot
Effective, the fund manager shall bear all the raising costs, and add the raised funds to the current deposit interest of the bank for the same period
The interest shall be returned to the fund subscriber within 30 days after the end of the fund raising period;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
（3） Rights and obligations of the Fund Custodian
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Custodian include
But not limited to:
(1) As of the effective date of the Fund Contract, it shall be safe in accordance with laws, regulations and the provisions of the Fund Contract
Custody of fund assets;
(2) Obtain fund custody fees, laws and regulations or regulatory approval in accordance with the Fund Contract
Other approved expenses;
(3) To supervise the investment operation of the Fund Manager in the Fund, and if it is found that the Fund Manager has violated the Basic Law of the People's Republic of China
The fund contract and national laws and regulations have caused significant losses to the fund property and the interests of other parties
The situation shall be reported to the CSRC and necessary measures shall be taken to protect the interests of fund investors;
(4) Open capital account, securities account and futures settlement account for the fund according to relevant market rules
And other accounts required for investment to handle the clearing of securities/futures trading funds for the Fund;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include
But not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) A special fund custody department shall be set up, with satisfactory business premises and sufficient
Qualified full-time personnel familiar with fund custody business, responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure the safety of the fund property and ensure that the fund property under its custody is different from the fund custodian's own property and
Fund assets are independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, and manage accounts separately,
Ensure that different funds are independent from each other in terms of account setting, fund transfer, account book recording, etc;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek benefits for oneself and any third party, it is not allowed to entrust a third party to trust the fund property;
(5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
(6) Opening fund accounts, securities accounts, futures settlement accounts and other investment houses of fund assets as required
In accordance with the provisions of the Fund Contract and the investment instructions of the Fund Manager, the required account shall be cleared in a timely manner
Closing matters;
(7) Keep fund business secrets, unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
In addition to the regulations, the fund information shall be kept confidential before public disclosure and shall not be disclosed to others
Except when required by the professional adviser of the Ministry of Finance;
(8) Review and review the net fund value information, subscription and redemption prices of fund units calculated by the fund manager
Lattice;
(9) To handle information disclosure related to fund custody business activities;
(10) To issue opinions on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund, stating that
Specify whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Contract; If
If the Fund Manager fails to implement the provisions of the Fund Contract, it shall also state whether the Fund Custodian has taken
Appropriate measures have been taken;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities for more than 20 years,
If laws and regulations or regulatory rules provide otherwise, the provisions shall prevail;
(12) Receive and keep the names of fund unit holders from the fund manager or its entrusted registration institution
Volume;
(13) Prepare relevant account books as required and check with the fund manager;
(14) Pay fund income to fund share holders in accordance with the instructions of the fund manager or relevant regulations
And redemption payments;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund share holders or to cooperate with the fund manager and fund share holders to convene a general meeting of fund share holders in accordance with the law;
(16) Supervise the investment operation of the Fund Manager in accordance with laws and regulations and the provisions of the Fund Contract;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and
Distribution;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
Liability will not be relieved by his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
The Fund Manager shall be the Fund Unitholder in case of any loss of fund property due to violation of the Fund Contract
The interests shall be recovered from the fund manager;
(21) Implement the effective resolutions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Procedures and Rules for Convening, Deliberating and Voting of the General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Unless otherwise stipulated by laws and regulations or the Fund Contract
Unless otherwise agreed, each fund unit of the same category held by the fund unit holders shall have equal voting rights.
The general meeting of the Fund Unitholders will not set up a daily institution. If the general meeting of the Fund Unitholders is established in the future
The daily organization shall be subject to the provisions of the laws and regulations in effect at that time.
（1） Reason for convening
1. Unless otherwise specified by laws and regulations, the CSRC or the fund contract
A general meeting of fund unit holders shall be convened for any of the following reasons:
(1) Terminate the Fund Contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Adjust the remuneration standard of the Fund Manager and the Fund Custodian or increase the sales service rate;
(6) Change of fund category;
(7) The merger of the Fund with other funds;
(8) Change the investment objective, scope or strategy of the Fund;
(9) Change the procedures of the general meeting of fund unit holders;
(10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
(11) Fund units that individually or collectively hold more than 10% (including 10%) of the total fund units
The holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) requests in writing for the same matter
To call a general meeting of fund unit holders;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) Other fund units that shall be convened as required by laws and regulations, the Fund Contract or the CSRC
Matters of the general meeting of shareholders.
2. Within the scope stipulated by laws and regulations and the Fund Contract and for the interests of fund share holders
On the premise that there is no material adverse effect, the following circumstances may be modified by the Fund Manager and the Fund Custodian after consultation:,
It is not necessary to convene a general meeting of fund share holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate, the redemption rate and the sales service rate of the Fund; Or change
More charging methods; Adjust the classification rules of fund units, stop the sales of existing fund unit categories or add new ones
The fund share category of;
(3) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(4) The amendment to the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment
The change does not involve significant changes in the rights and obligations of the parties to the Fund Contract;
(5) The fund manager, fund registration agency and fund sales agency adjust or modify the business rules, including
Including but not limited to fund purchase, redemption, conversion, fixed investment plan, fund transaction and non transaction
Transfer of ownership, transfer of custody, etc;
(6) The Fund launches new businesses or services;
(7) If it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
His situation.
（2） Convener and convening method
1. Unless otherwise stipulated in laws and regulations or the Fund Agreement, the general meeting of fund share holders shall be held by
Convening by the fund manager;
2. If the Fund Manager fails to convene or cannot convene the meeting as required, the Fund Custodian shall convene the meeting;
3. If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall report to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and
Inform the Fund Custodian in writing. If the fund manager decides to convene the meeting, it shall issue a written decision within 60 days
Held internally; If the Fund Manager decides not to convene the meeting, and the Fund Custodian still deems it necessary to convene the meeting, the Fund shall
The custodian shall convene the meeting on its own and notify the fund manager within 60 days from the date of issuing the written decision
The administrator shall cooperate;
4. The Fund Unitholders representing more than 10% (including 10%) of the Fund Units have written requests on the same matter
To convene a general meeting of fund share holders, a written proposal shall be submitted to the fund manager. The fund manager shall
Decide whether to convene the meeting within 10 days from the date of receiving the written proposal, and inform in writing the holding of the proposed fund units
Person's representative and fund custodian. If the fund manager decides to convene the meeting, it shall issue a written decision within 60 days
Held internally; The Fund Manager decides not to convene the meeting, representing the holding of more than 10% (including 10%) of the Fund units
If any person still considers it necessary to hold the meeting, he or she shall submit a written proposal to the Fund Custodian. The Fund Custodian shall
Decide whether to convene the meeting within 10 days from the date of receiving the written proposal, and inform in writing the holding of the proposed fund units
Human representatives and fund managers; If the Fund Custodian decides to convene the meeting, it shall issue a written decision within 60 days
And inform the Fund Manager that the Fund Manager shall cooperate;
5. Fund share holders representing more than 10% (including 10%) of the fund shares request a meeting on the same matter
If the Fund Unitholders' General Meeting is not convened by the Fund Manager or the Fund Custodian, it shall be separately or collectively represented
The fund share holders with more than 10% (including 10%) of the fund shares have the right to convene the meeting on their own and report at least 30 days in advance
Recorded by China Securities Regulatory Commission. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law, the Fund shall
The Manager and the Fund Custodian shall cooperate and shall not obstruct or interfere;
6. The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and right of the meeting
Registration date.
（3） Time, content and method of notice for convening the general meeting of fund unit holders
1. To convene a general meeting of fund share holders, the convener shall, 30 days before the meeting
Notice. The notice of the general meeting of fund share holders shall at least contain the following contents:
(1) Time, place and form of the meeting;
(2) Matters to be considered, procedures and voting methods at the meeting;
(3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
(4) Requirements for the content of the authorization certificate (including but not limited to the identity, authority and proxy of the agent)
The time and place of delivery;
(5) Name and telephone number of the permanent contact person for conference affairs;
(6) Documents that must be prepared and procedures that must be performed by the attendees;
(7) Other matters to be notified by the convener.
2. In case of communication meeting and voting, the convener of the meeting shall decide to notify the meeting
The specific means of communication adopted by the National People's Congress of the Fund Unitholders, the entrusted notary authority and its copy
Method and contact person, deadline for submission of voting opinions and collection method.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to check the statement at the designated place
Supervise the vote counting of the decision; If the convener is the fund custodian, it shall notify the fund manager in writing separately
Go to the designated place to supervise the counting of votes; If the convener is the fund share holder, it shall be separately
Inform the Fund Manager and the Fund Custodian in writing to go to the designated place to supervise the counting of votes. fund
If the manager or fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect of.
（4） Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders can be held by means of on-site meeting, communication meeting, laws, regulations and supervision
The meeting shall be held in other ways permitted by the governing body, and the convening method shall be determined by the convener of the meeting.
1. On site meeting. Appointed by the Fund Unitholders in person or by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site opening
The agenda of the general meeting of Fund Unitholders may be held when the following conditions are met simultaneously:
(1) Certificates of fund units held by those who attend the meeting in person, and principals issued by those entrusted to attend the meeting
The certificate of holding fund shares and the certificate of proxy voting authorization of the trustor comply with laws and regulations
And the provisions of the notice of the meeting, and the vouchers for holding fund shares and the registration materials held by the fund manager
Conformity;
(2) After verification, the voucher presented by the participants for holding fund units on the equity registration date shows that,
The effective fund units shall not be less than one-half (including one-half) of the total fund units of the Fund on the equity registration date
1） . If the effective fund units represented by the participants on the equity registration date are less than the base of the Fund on the equity registration date
1/2 of the total fund units, the convener may hold the fund unit holders' meeting at 3
The General Meeting of Fund Unitholders shall be reconvened within six months after the expiration of six months on the matters originally scheduled for deliberation. Recall
The effective fund units represented by the participants of the general meeting of fund unit holders on the equity registration date shall not be less than
One third (including one third) of the total fund shares of the Fund on the equity registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders submit their votes on voting matters in writing
Form or other means specified in the announcement of the meeting shall be delivered to the address designated by the convener or
System. The communication meeting shall vote in writing or in other ways specified in the announcement of the meeting.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
(1) After the convener of the meeting publishes the notice of the meeting as agreed in the Fund Contract, it shall continue to work within 2 working days
Publish relevant advisory announcements;
(2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener,
The fund manager) to the designated place to supervise the counting of votes. The convener of the meeting is in Kikinto
The custodian (or the fund manager if the fund custodian is the convener) and the notary organ shall, under the supervision of the
Collect the voting opinions of fund share holders in the manner specified in the notice of discussion; The Fund Custodian or Fund Manager
If a notice is given not to participate in the collection of voting opinions, the voting effect shall not be affected;
(3) If he/she directly issues voting opinions or authorizes others to issue voting opinions, the fund shares
The fund shares held by someone shall not be less than half (including half) of the total fund shares on the equity registration date
1） ; If I directly give a vote or authorize another person to give a vote on behalf of the fund share holder
If the fund units held are less than half of the total fund units on the equity registration date, the convener may make an announcement in the original
Within 3 months and 6 months after the convening of the general meeting of fund unit holders of
Convene a general meeting of fund unit holders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
(Including 1/3) The holders of more than 1/3 of the fund units directly issue voting opinions or authorize others to issue them on behalf of them
Voting opinions;
(4) Fund unit holders or entrusted representatives who directly issue voting opinions in Item (3) above
The agent who issues the voting opinion, the certificate of holding the fund unit submitted at the same time, and the agent entrusted to issue the voting opinion
The certificate issued by the agent that the principal holds the fund shares and the certificate of proxy voting authorization of the principal shall
Comply with the provisions of laws and regulations, the Fund Contract and the notice of the meeting, and comply with the records of the fund registration authority.
3. The Fund Unitholders of the Fund may also adopt
Authorize its agent to attend the general meeting of fund share holders in writing, online, telephone or other non written ways and
The specific method of exercising voting rights shall be listed in the notice of the meeting.
4. The Fund may also use the Internet, telephone or other off-site methods or
Convene the general meeting of fund share holders in a combination of on-site and off-site ways, and compare the meeting procedures
Procedures for on-site meetings and communication meetings. Fund share holders may use written, internet or electronic means
Voting by voice, SMS or other means shall be determined by the convener of the meeting and listed in the meeting notice.
（5） Discussion content and procedure
1. Discussion content and proposal right
The content of the proceedings shall be major matters related to the interests of fund share holders, such as major amendments to the Fund Contract
Change, decide to terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, and cooperate with other funds
And other matters stipulated by laws and regulations and the Fund Contract, as well as the convener of the meeting thinks it is necessary to submit funds
Other matters discussed at the general meeting of shareholders.
After the convener of the general meeting of fund unit holders issues the notice of convening the meeting, the amendment to the original proposal shall
It shall be announced in time before the general meeting of fund share holders is held.
The meeting of the fund unit holders' congress may not vote on the contents of the proceedings that have not been announced in advance.
2. Proceedings
(1) On site meeting
In the form of on-site meeting, the presider of the meeting shall first determine in accordance with the procedures specified in Article (7) below
And announce the scrutineers, and then the presider of the meeting reads out the proposal. After discussion, the proposal is voted and the resolution of the meeting is formed
Discussion. The presider of the meeting is the representative authorized by the fund manager to attend the meeting
In case of presiding over the meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If the fund manager
If neither the authorized representative nor the authorized representative of the Fund Custodian can preside over the meeting, the fund shares attending the meeting shall hold
More than half (including half) of the voting rights held by persons and agents shall elect one fund unit holder
Someone is the chairperson of the general meeting of fund unit holders. The Fund Manager and the Fund Custodian refuse to attend
Or preside over the general meeting of fund unit holders, which shall not affect the validity of the resolutions made at the general meeting of fund unit holders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants shall be recorded in the signature book
(or unit name), ID document number, fund shares held or represented with voting rights, and principals
Name (or unit name) and contact information.
(2) Communication meeting
In the case of a communication meeting, the convener shall first announce the proposal 30 days in advance, and then
Within 2 working days after the deadline, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the Customs.
（6） Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
1. The general resolution shall be subject to the form held by the fund share holders or their agents attending the meeting
More than half (including half) of the voting rights are valid only after passing; Except as provided in the second item below
Matters other than those passed by special resolution shall be passed by general resolution.
2. Special resolution, which shall be held by fund share holders or their agents attending the meeting
It can be made only after being approved by more than two-thirds (including two-thirds) of the voting rights. In addition to laws and regulations, regulators
Unless otherwise specified or agreed in the fund contract, change the operation mode of the fund, change the fund manager or fund trust
Custody, termination of the Fund Contract, and merger of the Fund with other funds shall be effective only after special resolutions are passed.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless the supervisor and the notary office consider that there are sufficient
Evidence to the contrary proves that otherwise, the vote of submitting the document confirming the identity of the investor specified in the notice of the meeting shall be deemed as
The voting opinions of the investors who have attended the meeting effectively and apparently meet the requirements of the meeting notice shall be deemed as valid voting, and the voting opinions
Those that are ambiguous or contradictory shall be deemed as abstention from voting, but shall be included in the holding of fund units that issue voting opinions
The total number of fund units represented by.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be separated
Review and vote item by item.
On the premise of the above rules, the specific rules are as follows:
Accurate.
（7） Vote counting
1. On site meeting
(1) If the general meeting is convened by the Fund Manager or the Fund Custodian, the general meeting of the Fund Unitholders shall be presided over
At the beginning of the meeting, it shall be announced that two fund share holders and agents present at the meeting shall elect
The representative of the gold share holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the General Assembly is based on
Although the fund share holders themselves or the general meeting is convened by the fund manager or the fund custodian, the fund management
If the Manager or Fund Custodian fails to attend the meeting, the chairperson of the meeting of Fund Unitholders shall be present at the beginning of the meeting
Later, it was announced that three representatives of fund share holders were elected among the fund share holders present at the meeting to supervise the votes
People. The absence of the Fund Manager or the Fund Custodian from the meeting shall not affect the effectiveness of vote counting.
(2) The scrutineers shall count the votes immediately after the fund share holders vote and the chairman of the meeting shall act as
The results of the vote counting will be announced on the spot.
(3) If the chairman of the meeting or the fund share holder or agent has different opinions on the voting results submitted
The number of votes demanded may be counted again immediately after the announcement of the voting results. The scrutineer shall
Re inventory is limited to one time. After re counting, the presider of the meeting shall announce the re counting on the spot
Point results.
(4) The vote counting process shall be notarized by a notary office, and the fund manager or fund custodian refuses to attend
The validity of counting votes shall not be affected by the decision of the General Assembly.
2. Communication meeting
In the case of a communication meeting, the method of counting votes is: two supervisors authorized by the convener of the general meeting are in the fund
Supervised by the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
The counting process shall be notarized by the notary office. The Fund Manager or the Fund Custodian refuses to appoint a representative
If the voting table supervises the counting of votes, it shall not affect the counting and voting results.
（8） Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC within 5 days from the date of adoption
keep on record.
The resolution of the general meeting of fund share holders shall take effect from the date of voting.
The resolution of the general meeting of fund share holders shall be announced on the specified media as required from the effective date. If using
Vote by means of communication. When announcing the resolution of the general meeting of fund share holders, the full text of the notarial certificate
The name of the certification authority and the notary shall be announced together.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
（9） Special agreement of the general meeting of fund share holders during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the proportion of relevant fund units or voting rights refers to the holders of main pocket units
The fund shares or voting rights held or represented by and side pocket unit holders respectively conform to such proportion, but if relevant
If the matters to be convened and deliberated at the general meeting of fund share holders do not involve side pocket accounts, they only refer to the main pocket share holders
The fund shares or voting rights held or represented by the Company meet these proportions:
1. The Fund Unitholders need to exercise the right to propose, convene and nominate on behalf of the relevant individual or aggregate representatives
More than 10% (including 10%) of fund shares;
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than that of the Fund in Quanyideng
One half (including one half) of the relevant fund shares on the record date;
3. Fund units that directly issue voting opinions or authorize others to issue voting opinions in correspondence meetings
The fund units held by the holder shall not be less than half (including half) of the relevant fund units on the equity registration date
One);
4. When the Fund Unitholders who participate in the voting of the General Meeting of Fund Unitholders hold small Fund Units
On the equity registration date, half of the relevant fund units, the convener held the majority of the fund units in the original announcement
Fund Unitholders who reconvene on the matters originally scheduled to be considered within 6 months after the time of the meeting
The General Meeting shall be attended or authorized by holders representing more than one-third (including one-third) of the relevant fund units
Others participate in the voting of the general meeting of fund share holders;
5. More than 50% of the voting rights of fund share holders and proxies attending the meeting
(50% included) elect a Fund Unitholder as the chairperson of the Fund Unitholder Meeting;
6. General resolutions shall be subject to half of the voting rights held by fund share holders or their proxies attending the meeting
More than one half (including one half) passed;
7. The special resolution shall be subject to three votes held by the fund share holders or their agents attending the meeting
More than two thirds (including two thirds) passed.
During the implementation of the side pocket mechanism, the matters to be considered at the general meeting of fund share holders involve the main pocket account and the side pocket account
The fund share holders of the main pocket account and the side pocket account shall vote respectively
Each fund share of the same category within the Fund shall have equal voting rights. If the voting matter does not involve the side pocket account
Bag account shares have no voting rights.
During the implementation of the side pocket mechanism, the relevant provisions on the general meeting of fund share holders shall be subject to the special provisions of this section
The relevant provisions of this part shall apply to those not specified in this section.
（10） This part deals with the causes, conditions, procedures and tables of the general meeting of fund unit holders
Prerequisites and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulatory rules
If the modification of the management rules results in the cancellation or change of the relevant contents, the Fund Manager and the Fund Custodian shall reach an agreement and
After the announcement in advance, the content of this part can be directly modified and adjusted without the need to convene a fund unit holder
It will be reviewed.
3、 Fund income distribution principle and implementation method
（1） Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
（2） Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized income.
（3） Principle of fund income distribution
1. The Fund may distribute its income on the premise that it meets the relevant dividend conditions of the Fund
See the relevant dividend announcement issued by the fund manager irregularly at that time according to the fund operation
The income distribution may not be carried out within 3 months after the entry into force;
2. As Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales service fees
Service fees, and the distributable profits corresponding to each type of fund share will be different. Each of the funds of the same category
Fund units enjoy equal distribution rights;
3. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Cash dividends or reinvestment of cash dividends automatically into corresponding types of fund units; If investors do not choose,
The Fund's default income distribution method is cash dividends;
4. After the distribution of fund income, the net value of various fund units cannot be lower than the par value; That is, the benchmark of fund income distribution
The net value of various fund units on the day minus the amount of income distribution per unit of such fund units cannot be lower than the par value;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
In compliance with laws and regulations and the fund contract, and without material adverse impact on the interests of fund share holders
On the premise that the fund manager can adjust the fund income distribution principle and payment method without calling for the fund
General meeting of gold share holders.
（4） Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund income as of the base date of income distribution
Distribution object, distribution time, distribution amount and proportion, distribution method, etc.
（5） Determination, announcement and implementation of income distribution plan
The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian
Determine the media announcement.
（6） Expenses incurred in fund income distribution
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. Dang Tou
When the cash dividend of the investor is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund shall register
A bookkeeping institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Dividend reinvestment
The calculation method of capital shall be in accordance with the Business Rules.
（7） Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the side pocket account will not carry out income distribution, as detailed in the prospectus.
4、 Withdrawal, payment method and proportion of expenses related to fund property management and operation
（1） Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Fund sales service fee;
4. Information disclosure fees related to the Fund after the Fund Contract comes into force, but laws and regulations, China Securities Regulatory Commission
Unless otherwise specified;
5. Accounting fees, attorney fees, notarial fees, arbitration fees and
Legal costs;
6. Expenses for the general meeting of fund share holders;
7. Account opening fees and account maintenance fees of relevant accounts of the Fund;
8. Securities and futures trading expenses of the Fund;
9. Bank transfer fees of the Fund;
10. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
（2） Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at the annual fee rate of 0.8% of the net asset value of the Fund on the previous day. Calculation party of management fee
The method is as follows:
H ＝ E × 0.8% ÷ Days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
Fund management fees are accrued daily and paid monthly. Within 3 working days from the first day of the next month
Send the fund management fee transfer instruction to the fund custodian, which will be reviewed by the fund custodian within 3 working days
The fund property shall be paid to the fund manager in a lump sum. In case of legal holidays, rest days or force majeure
If the payment cannot be made on time, it shall be postponed to the latest payment date.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.15% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.15% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily and paid monthly. Within 3 working days from the first day of the next month
Send the fund custody fee transfer instruction to the fund custodian, which will be reviewed by the fund custodian within 3 working days
One time withdrawal from gold property. If the payment cannot be made on time due to legal holidays, rest days or force majeure
The payment shall be postponed to the latest payable date.
3. Fund sales service fee
There is no sales service fee for Class A fund units of the Fund, and the annual rate of sales service fee for Class C fund units is
0.4%。 The fund sales service fee will be used exclusively for the sale of the fund and the service of fund share holders. sale
The service fee shall be accrued at the annual fee rate of 0.4% of the net asset value of Class C fund units on the previous day. The calculation method is as follows:
H=E × 0.4% ÷ Days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The fund sales service fee is accrued daily and paid monthly. The fund manager will work for three days from the first day of the next month
Send the fund sales service fee transfer instruction to the fund custodian within days, and the fund custodian will review the three tasks
One time payment shall be made from the fund property within one day. The fund sales service fee shall be collected by the fund manager on behalf of the fund manager
Upon receipt, it shall be paid to the fund sales agency according to the relevant contract provisions. In case of legal holidays, rest days or
If the payment cannot be made on time due to force majeure, the payment shall be postponed to the latest payable date.
Items 4-10 of the above "(I) Types of fund expenses" shall be paid according to relevant regulations and corresponding agreements
It is stipulated that the actual amount of expenses shall be included in the current expenses, which shall be paid by the Fund Custodian from the Fund assets.
（3） Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
（4） Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the provisions of the Prospectus or relevant announcements for details of fees and other fees.
（5） Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations
that 's ok.
The relevant taxes on the investment of fund assets shall be borne by the fund share holders and deducted by the fund manager or others
The payer shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
5、 Investment direction and investment restrictions of the Fund assets
（1） Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance or listing
Shares (including GEM and other shares approved or registered for listing by the CSRC), depositary receipts
Bonds (including treasury bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term
Financing bonds, ultra short-term financing bonds, publicly issued subordinated bonds, local government bonds, government supported institutional bonds
Bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds and other investments permitted by the CSRC
Bonds), asset-backed securities, bond repurchase, bank deposits (including negotiated deposits, time deposits and
Other bank deposits), inter-bank deposit receipts, money market instruments, treasury bond futures, stock index futures, stock options
Other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the relevant provisions of the CSRC
Regulations).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The proportion of the Fund's investment portfolio is:
The proportion of the Fund's investment in stock assets shall not be higher than 40% of the Fund's assets. The Fund invests in interbank deposits
The proportion of single fund shall not be higher than 20% of fund assets. At the end of each trading day, stock index futures contracts and treasury bonds are deducted
After the transaction margin required to be paid for goods contracts and stock option contracts, cash or policies with a maturity date of less than one year
Government bonds shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits
Collection of purchase money, etc.
If the laws and regulations or the regulatory authority have changed the requirements of this proportion, after performing appropriate procedures
The later proportion shall prevail, and the investment proportion of the Fund will be adjusted accordingly.
（2） Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's investment in stock assets shall not be higher than 40% of the Fund's assets;
(2) The proportion of the Fund's investment in inter-bank deposit receipts shall not be higher than 20% of the Fund's assets;
(3) Stock index futures contracts, treasury bond futures contracts and stock option contracts are deducted at the end of each trading day
After the transaction margin to be paid, the cash or government bonds with a maturity of less than one year shall not be less than the fund assets
5% of net worth; Among them, cash does not include provisions for settlement, deposits and subscription receivables;
(4) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(5) All funds managed by the Fund Manager hold securities issued by one company, which shall not exceed the amount of the certificate
10% of the coupon;
(6) All open-ended funds managed by the Fund Manager (including open-ended funds and open funds
The holding of tradable shares issued by a listed company shall not exceed that of the listed company
15% of the outstanding shares;
(7) All investment portfolios managed by the Fund Manager hold tradable shares issued by a listed company
The number of votes shall not exceed 30% of the tradable shares of the listed company;
(8) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Other than fund managers due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
The Fund Manager shall not actively increase liquidity if the Fund does not comply with the proportion limit specified in this Item due to factors of
Investment in restricted assets;
(9) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(10) The market value of all asset-backed securities held by the Fund shall not exceed the net asset value of the Fund
20%；
(11) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
Over 10% of the size of the asset-backed securities;
(12) All funds managed by the Fund Manager invest in various assets of the same original equity holder
Holding securities shall not exceed 10% of the total size of its various asset-backed securities;
(13) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB). base
During the period when Jin holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall
All sales shall be made within 3 months from the date of report release;
(14) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, the number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(15) The Fund deals with private securities asset management products and other entities recognized by the CSRC
If the counterparty carries out reverse repurchase transactions, the qualification requirements for acceptable collateral shall be consistent with the investment agreed in the Fund contract
Consistent scope;
(16) The total assets of the Fund shall not exceed 140% of the net assets of the Fund;
(17) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of the Fund; The maximum term of bond repurchase in the national inter-bank market is one year
The repurchase period shall not be extended after expiration;
(18) The fund manager shall formulate strict investment decision-making process and risk for the restricted securities of the fund investment and circulation
Risk control system to prevent liquidity risk, legal risk, operational risk and other risks;
(19) Unless otherwise stipulated by the CSRC, the Fund participates in the trading of stock index futures and treasury bond futures,
The following requirements shall be observed:
1) At the end of any trading day, the value of the stock index futures contracts purchased held shall not exceed the fund assets
10% of net worth; At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed that of the Fund
20% of the total market value of some stocks; Stock index futures contracts traded (excluding closing positions) on any trading day
The transaction amount shall not exceed 20% of the net asset value of the fund on the previous trading day; Market value of shares held and purchases
The total value of the stock index futures contract sold (calculated by netting) should conform to the proportion of stock investment in the fund contract
Relevant agreements of;
2) At the end of any trading day, the value of treasury bond futures contracts held shall not exceed the fund assets
15% of net worth; At the end of any trading day, the value of the futures contract for selling treasury bonds held by the Fund shall not exceed the value of the futures contract held by the Fund
30% of the total market value of some bonds; For treasury bond futures contracts traded in any trading day (excluding closing positions)
The transaction amount shall not exceed 30% of the net asset value of the fund on the previous trading day; Bonds held (excluding bonds with maturity date of
Government bonds within one year) market value and the value of futures contracts for buying and selling treasury bonds, total (netting calculation)
It shall comply with the relevant provisions of the fund contract on the proportion of bond investment;
3) At the end of any trading day, the value of treasury bond futures and stock index futures contracts and securities held
The sum of the market value of the securities shall not exceed 95% of the net asset value of the fund. Among them, marketable securities refer to stocks and bonds (not
Including government bonds with a maturity date of less than one year), asset-backed securities, redemptory financial assets for sale (excluding quality
Pledged repo), etc;
(20) When the Fund participates in stock option trading, it shall comply with the following investment proportion restrictions:
1) The total amount of premium paid and received by the Fund due to open position option contracts shall not exceed the fund assets
10% of net worth;
2) Where the Fund opens positions to sell call options, it shall hold sufficient underlying securities; Open put option
Should hold the full amount of cash required for contract exercise or the cash that can be offset against the option margin recognized by the rules of the Exchange
Gold equivalents;
3) The par value of the option contracts with open positions of the Fund shall not exceed 20% of the net asset value of the Fund, of which
The par value is calculated by multiplying the exercise price by the contract multiplier;
(21) The total proportion of convertible bonds and exchangeable bonds invested by the Fund does not exceed the fund assets
20%；
(22) The proportion limit of the Fund's investment in depositary receipts shall be subject to the domestic listed stocks
If the laws and regulations or the regulatory authorities provide otherwise, the provisions of the laws and regulations shall prevail;
(23) Other investment restrictions stipulated by laws and regulations, CSRC and the Fund Contract.
In addition to the above (3), (8), (13) and (15) cases, due to the fluctuation of the securities/futures market
Factors other than the fund manager, such as the merger of the securities issuer and the change of the fund size, result in the non conformance of the fund investment proportion
If the investment proportion is specified above, the fund manager shall adjust it within 10 trading days, but the CSRC
Except for special circumstances specified. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
The Fund Manager shall, within six months from the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the fund contract. During the above period, the investment scope and investment strategy of the Fund shall conform to the basic
The agreement of the gold contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of this Fund Agreement
Start.
If laws and regulations change the above portfolio proportion limit, the changed provisions shall prevail.
Laws and regulations or regulatory authorities cancel the above restrictions. If it is applicable to the Fund, the Fund Manager shall perform appropriate procedures
After that, the investment of the Fund will no longer be subject to relevant restrictions, but it needs to be announced in advance and no longer need to be held by fund units
Deliberated by the National People's Congress.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws and regulations or regulatory authorities cancel or adjust the above restrictions, if applicable to the Fund, fund management
After performing the appropriate procedures, the person may not be restricted by the above provisions or follow the adjusted provisions.
6、 Calculation method and announcement method of fund net value information
（1） Valuation date
The valuation date of the Fund is the trading date of the relevant securities/futures trading places of the Fund and national laws
The non trading day on which the laws and regulations require the disclosure of the net value of the fund.
（2） Valuation object
Stocks, depositary receipts, treasury bond futures, stock index futures, stock options, bonds and silver owned by the Fund
Bank deposit principal and interest, receivables, asset-backed securities, other investments and other assets and liabilities.
（3） Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with
Accounting Standards and relevant regulations of regulatory authorities.
1. For investment varieties with active market and the same asset or liability quotation available
If there is a quotation, the quotation shall be applied to the asset without adjustment, except for the exceptions specified in the accounting standards
Or fair value measurement of liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the most recent transaction date
In case of major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence to show that the valuation date
Or if the quotation on the latest trading day cannot truly reflect the fair value, the quotation shall be adjusted to determine the fair price
Value.
The fair value of the same assets or liabilities shall be used if they are the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
2. For investment varieties that do not have an active market, they should be suitable for the current situation and have sufficient
The fair value is determined by valuation techniques supported by data and other information. Use valuation techniques to determine fair value
The observable input value shall be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained or
The unobservable input value can be used only when it is impracticable.
3. In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
（4） Valuation method
1. Valuation of equity securities listed on stock exchanges
Equity securities (including stocks, etc.) listed on the stock exchange
Market price (closing price) valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the most recent transaction date
If there is no major event that affects the securities price, the market price of the latest trading day
(closing price) valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has
In case of major events affecting the securities price, the current market price and major change factors of similar investment varieties can be referred to,
Adjust the market price of the latest transaction to determine the fair price.
2. Equity securities in the unlisted period shall be handled according to the following circumstances
(1) The new shares issued for stock dividend, conversion, allotment and public issuance shall be listed on the stock exchange on the valuation date
Valuation of the market price (closing price) of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used
Valuation;
(2) For the initial public offering of unlisted shares, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost;
(3) Shares with a certain period of restricted sale period (including but not limited to non-public shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions)
The fair value is determined according to the relevant regulations of the regulatory authority or industry association.
3. Valuation of fixed income varieties traded in the exchange market
(1) For non equity fixed income varieties listed on the exchange market or transferred by listing (otherwise specified
Unless otherwise specified), select the net valuation price of the corresponding varieties provided by the third-party valuation agency for valuation;
(2) For the types of fixed income with rights listed for trading or transfer in the exchange market (otherwise specified
Except for), select the unique net valuation price or recommended valuation of the corresponding varieties provided by a third-party valuation agency on the day
Valuation at net price;
(3) For convertible bonds listed and traded in the exchange market, the daily closing price is selected as the valuation value
Price;
(4) For asset-backed securities listed and transferred in the exchange market, valuation techniques are used to determine their fairness
Value. If the cost can approximate the fair value, it shall be valued according to the cost. The Fund Manager shall continuously evaluate the above
The appropriateness of the practice, and make appropriate adjustments when the situation changes;
(5) For unlisted or unlisted bonds issued on the exchange market, valuation techniques shall be used to determine
Fair value is valued at cost when it is difficult to reliably measure the fair value by valuation technology.
4. Valuation of fixed income varieties in inter-bank market transactions
(1) For the fixed income varieties without rights in the inter-bank market, select those provided by the third-party valuation agency
The estimated net price of the corresponding varieties on the current day;
(2) Fixed income varieties with rights in the inter-bank market shall be selected from the corresponding third-party valuation institutions
The only estimated net price or the recommended estimated net price of the variety on the current day. For fixed assets including the investor's right to put back
Income type, if the right of resale is not exercised after the deadline (including the date) of the resale registration period, it shall be subject to a long waiting period
To be valued;
(3) Bonds that are not listed in the inter-bank market and whose valuation price is not provided by the third-party valuation agency are being issued
There is no significant difference between the bank interest rate and the secondary market interest rate, and there is no significant change in the market interest rate during the unlisted period
In the case of, estimate at cost.
5. If the same security is traded in two or more markets at the same time, it shall be separately evaluated according to the market in which the security is located
Value.
6. The Fund's investment in treasury bond futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
7. The Fund's investment in stock index futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
8. The Fund's investment in stock option contracts is generally valued at the settlement price on the stock option valuation date,
If there is no settlement price on the valuation date, and the economic environment has not changed significantly since the latest trading day, the latest payment shall be adopted
Valuation of daily settlement price.
9. The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
10. If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
11. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing decision for the Fund
Price mechanism to ensure the fairness of fund valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the calculation results of the net value of the Fund.
（5） Valuation procedures
1. The net value of various fund units is calculated by dividing the net asset value of such fund by the current
The daily balance of such fund units is calculated, and the net value of various fund units is accurate to 0.0001 yuan, decimal point
The last fifth digit shall be rounded off, and the resulting error shall be included in the fund property. Fund managers can set up large redemption
The emergency adjustment mechanism of net value accuracy in the case of return. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units on each working day, and shall publish
Notice.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the Fund Agreement. After the fund manager evaluates the fund assets every working day,
The net value results of various fund units shall be sent to the Fund Custodian, and after the Fund Custodian has verified that there is no error, the fund shall be managed by the Fund
The manager shall publish it to the public as required.
（6） Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of a certain type of fund unit is valued within 4 decimal places (including the 4th)
In case of error, it shall be deemed that the net value of such fund units is wrong.
The parties to this Fund Contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
It states the "principle of handling valuation errors" to make compensation and bear the liability for compensation.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the valuation error liability
Either party shall compensate the loss of the injured party, and within the scope of the compensation amount paid by it
The parties have the right to demand the delivery of unjust enrichment; If the party who has obtained unjust enrichment has excluded this part
When the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has already received to the amount of improper
The difference between the total return of profits and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the fund manager shall immediately correct it and notify
The Fund Custodian shall take reasonable measures to prevent further expansion of losses;
(2) When the error deviation reaches 0.25% of the net value of such fund units, the fund manager shall notify the fund
The custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The manager shall make an announcement and report to the CSRC for the record;
(3) If the above contents are otherwise stipulated by laws and regulations or regulatory authorities, their provisions shall prevail. If the industry
In other general practice, both parties shall negotiate in the principle of equality and protection of the interests of fund share holders
Commerce.
（7） Suspension of valuation
1. The securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date, after consultation with the fund custodian
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
（8） Recognition of net fund value
The fund manager is responsible for calculating the net asset value of the fund and the net value of various fund units, and the fund custodian is responsible for
Review. The Fund Manager shall calculate the net asset value of the Fund on each working day and
The net value of Class A fund units shall be sent to the fund custodian. Issued after the Fund Custodian reviews and confirms the net value calculation results
The fund manager shall publish the net value of the fund according to the regulations.
（9） Fund asset valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the main pocket account assets shall be valued and
Disclose the net value of fund units and the accumulated net value of fund units in the main pocket account, and suspend the disclosure of the net value of funds in the side pocket account
Information.
（10） Handling of special cases
1. The Fund Manager or the Fund Custodian shall carry out the valuation according to Item 10 of the valuation method specified in the Fund Contract
When the value is zero, the error caused shall not be treated as an error in the valuation of fund assets;
2. Due to force majeure, or stock exchanges, futures exchanges, registration and clearing institutions, securities brokers
Data sent by institutions, futures brokerage institutions, deposit banks and other third-party institutions is incorrect, or national accounting policies
Changes, changes in market rules and other reasons not related to the Fund Manager and the Fund Custodian, the Fund Manager and the Fund Custody
Although we have taken necessary, appropriate and reasonable measures to check, we have failed to find errors or even found
The Fund Manager and
The Fund Custodian shall be exempted from liability for compensation. However, the Fund Manager and the Fund Custodian shall actively take necessary measures
Eliminate or mitigate the impact caused thereby.
7、 Causes and procedures for the dissolution and termination of the Fund contract and the liquidation method of the Fund assets
（1） Changes to the Fund Contract
1. The Fund Unitholders shall be responsible for the change of the Fund Contract in accordance with the provisions of laws and regulations or this Fund Contract
If a resolution is passed at the general meeting, a general meeting of fund share holders shall be convened to pass the resolution. For laws and regulations
The Fund Manager and
The Fund Custodian shall make an announcement of the change upon consent and report it to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective,
After the resolution takes effect, it shall be announced in the specified media as required.
（2） Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the fund manager and the fund custodian are terminated, and there are no new fund managers or new funds within 6 months
Undertaken by the gold custodian;
3. Other circumstances stipulated in the Fund Contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
（3） Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of termination of the Fund Contract
Establish a liquidation group, and the fund manager shall organize a liquidation group of the fund assets and carry out it under the supervision of the CSRC
Fund liquidation.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
The administrator, certified public accountants and lawyers who meet the requirements of the Securities Law, and personnel designated by the CSRC.
The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Asset Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct liquidation
The report shall issue a legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is restricted
If the liquidation cannot be realized in time, the liquidation period shall be postponed accordingly.
（4） Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation
The liquidation expenses shall be paid by the fund assets liquidation group from the remaining assets of the fund in priority.
（5） Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
（6） Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The fund assets liquidation report is in compliance with the Securities Law
The required accounting firm shall audit and the law firm shall issue a legal opinion, which shall be submitted to the CSRC for record
And make an announcement. The fund assets liquidation announcement shall be made within 5 working days after the fund assets liquidation report is submitted to the CSRC for filing
The fund assets liquidation group shall make an announcement. The fund assets liquidation group shall publish the liquidation report in the regulations
Website, and publish the suggestive announcement of the liquidation report on the specified newspaper.
（7） Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 20 years. Laws, regulations or supervision
If the rules provide otherwise, their provisions shall prevail.
8、 Dispute resolution
All parties agree that all disputes arising from or in connection with the Fund Contract
If no settlement can be reached through friendly negotiation, either party has the right to submit the dispute to China International Economic and Trade Arbitration
The Arbitration Commission shall conduct arbitration in accordance with the then effective arbitration rules of the China International Economic and Trade Arbitration Commission. Zhong
The place of arbitration shall be Beijing. The arbitral award is final and binding on the parties. Unless otherwise awarded by arbitration
It was decided that the arbitration fees and attorney fees shall be borne by the losing party.
During the dispute settlement period, the parties to the fund contract shall abide by their respective duties and continue to be faithful, diligent and responsible
To perform the obligations specified in the Fund Contract and safeguard the legitimate rights and interests of the Fund Unitholders.
The Fund Contract shall be governed by the laws of China (excluding the laws of Hong Kong, Macao and Taiwan).
9、 Depository of fund contracts and ways for investors to obtain contracts
The Fund Contract can be printed in a volume for investors to register with the Fund Manager, Fund Custodian and Sales Agency
For office and business premises.
20、 Summary of the Fund Custody Agreement
1、 Parties to the Escrow Agreement
（1） Fund manager
Name: Changxin Fund Management Co., Ltd
Registered address: 9/F, 68 Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone
Office address: 9/F, 68 Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone
Postal code: 200120
Legal representative: Liu Yuanrui
Date of establishment: May 9, 2003
Approval authority and approval document number: CSRC Zhengjian Jiji Zi [2003] No. 63
Organizational form: limited liability company
Registered capital: RMB 165 million
Duration: continuous operation
Business scope: fund management business, initiation of fund establishment, other businesses approved by the CSRC (in accordance with
Projects that must be approved by law can only be operated after being approved by relevant departments).
（2） Fund Custodian
Name: China Minsheng Bank Co., Ltd
Registered address: No.2 Fuxingmennei Street, Xicheng District, Beijing
Office address: No.2 Fuxingmennei Street, Xicheng District, Beijing
Postal code: 100031
Legal representative: Gao Yingxin
Date of establishment: February 7, 1996
Approval No. of fund custody business: Zheng Jian Ji Jin Zi [2004] No. 101
Organizational form: other limited liability companies (listed)
Registered capital: RMB 28365585227
Duration: February 7, 1996 to long-term
Business scope: absorbing public deposits; Issue short-term, medium-term and long-term loans; Handle domestic and foreign settlement;
Handle bill acceptance and discount, and issue financial bonds; Issuing, cashing and underwriting government bonds as an agent; buy
Selling government bonds and financial bonds; Interbank lending; Buying and selling foreign exchange; Engaged in foreign exchange settlement and sales
Business; Engaging in bank card business; Provide letter of credit service and guarantee; Agency collection and payment; Provide safe deposit box service
Service; Other businesses approved by the banking regulatory authority under the State Council; Concurrent insurance agency business. (Market
The main body independently selects business projects and carries out business activities according to law; Concurrent insurance agency business and approval required by law
For approved projects, business activities shall be carried out according to the approved contents after being approved by relevant departments; Not allowed to engage in national and local businesses
Business activities of projects prohibited and restricted by industrial policies.)
2、 The Fund Custodian's business supervision and verification of the Fund Manager
（1） The Fund Custodian invests in the Fund in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Scope and investment object shall be supervised. If the fund contract clearly stipulates the fund investment style or securities selection criteria,
The Fund Manager shall provide the investment variety pool in the format required by the Fund Custodian for the Fund Custodian to use
Relevant technical system to determine whether the actual investment of the fund conforms to the agreement on the proportion of securities investment in the fund contract
Supervise and check the doubtful matters. The Fund Manager shall, by email or by mutual agreement
Other methods provide the Fund Custodian with complete and accurate information on the pool of investment varieties
If the Fund Custodian's investment supervision is not timely due to the provision of investment variety pool to the Fund Custodian, the Fund Custodian
No liability.
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance or listing
Shares (including GEM and other shares approved or registered for listing by the CSRC), depositary receipts
Bonds (including treasury bonds, central bank bills, financial bonds, corporate bonds, corporate bonds, medium-term notes, short-term
Financing bonds, ultra short-term financing bonds, publicly issued subordinated bonds, local government bonds, government supported institutional bonds
Bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds and other investments permitted by the CSRC
Bonds), asset-backed securities, bond repurchase, bank deposits (including negotiated deposits, time deposits and
Other bank deposits), inter-bank deposit receipts, money market instruments, treasury bond futures, stock index futures, stock options
Other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the relevant provisions of the CSRC
Regulations).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The Fund is a hybrid fund, and the proportion of investment portfolio is:
The proportion of the Fund's investment in stock assets shall not be higher than 40% of the Fund's assets. The Fund invests in interbank deposits
The proportion of single fund shall not be higher than 20% of fund assets. At the end of each trading day, stock index futures contracts and treasury bonds are deducted
After the transaction margin required to be paid for goods contracts and stock option contracts, cash or policies with a maturity date of less than one year
Government bonds shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits
Receivable subscription amount, etc.
If the laws and regulations or the regulatory authority have changed the requirements of this proportion, after performing appropriate procedures
The later proportion shall prevail, and the investment proportion of the Fund will be adjusted accordingly.
（2） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
The proportion of financed funds and bonds shall be supervised. The Fund Custodian shall supervise according to the following proportion and adjustment period:
(1) The proportion of the Fund's investment in stock assets shall not be higher than 40% of the Fund's assets;
(2) The proportion of the Fund's investment in inter-bank deposit receipts shall not be higher than 20% of the Fund's assets;
(3) Stock index futures contracts, treasury bond futures contracts and stock option contracts are deducted at the end of each trading day
After the transaction margin to be paid, the cash or government bonds with a maturity of less than one year shall not be less than the fund assets
5% of net worth; Among them, cash does not include provisions for settlement, deposits and subscription receivables;
(4) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(5) All funds managed by the Fund Manager and managed by the Fund Custodian are issued by one company
No more than 10% of the bank's securities;
(6) All open-ended funds (including
Open ended funds and open term open-ended funds) hold tradable shares issued by a listed company
The number of votes shall not exceed 15% of the tradable shares of the listed company;
(7) All investment portfolios managed by the Fund Manager and managed by the Fund Custodian are held on
The tradable shares issued by a municipal company shall not exceed 30% of the tradable shares of the listed company;
(8) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Other than fund managers due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
The Fund Manager shall not actively increase liquidity if the Fund does not comply with the proportion limit specified in this Item due to factors of
Investment in restricted assets;
(9) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(10) The market value of all asset-backed securities held by the Fund shall not exceed the net asset value of the Fund
20%；
(11) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
Over 10% of the size of the asset-backed securities;
(12) All funds managed by the Fund Manager and managed by the Fund Custodian are invested in the same source
The various types of asset-backed securities of the original equity holders shall not exceed 10% of the total size of their various types of asset-backed securities;
(13) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB).
During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall be re evaluated
All of them will be sold within 3 months from the date of release of the level report;
(14) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, the number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(15) The Fund deals with private securities asset management products and other entities recognized by the CSRC
If the counterparty carries out reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
Keep the enclosure consistent;
(16) The total assets of the Fund shall not exceed 140% of the net assets of the Fund;
(17) The fund balance of the Fund entering the national inter-bank market for bond repurchase shall not exceed
40% of the net asset value of the Fund; The maximum term of bond repurchase in the national inter-bank market is one year
No extension is allowed after the maturity of the repurchase of bonds;
(18) The fund manager shall formulate strict investment decision-making process and risk for the restricted securities of the fund investment and circulation
Risk control system to prevent liquidity risk, legal risk, operational risk and other risks;
(19) Unless otherwise stipulated by the CSRC, the Fund participates in the trading of stock index futures and treasury bond futures,
The following requirements shall be observed:
1) At the end of any trading day, the value of the stock index futures contracts purchased held shall not exceed the fund assets
10% of net worth; At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed that of the Fund
20% of the total market value of some stocks; Stock index futures contracts traded (excluding closing positions) on any trading day
The transaction amount shall not exceed 20% of the net asset value of the fund on the previous trading day; Market value of shares held and purchases
The total value of the stock index futures contract sold (calculated by netting) should conform to the proportion of stock investment in the fund contract
Relevant agreements of;
2) At the end of any trading day, the value of treasury bond futures contracts held shall not exceed the fund assets
15% of net worth; At the end of any trading day, the value of the futures contract for selling treasury bonds held by the Fund shall not exceed the value of the futures contract held by the Fund
30% of the total market value of some bonds; For treasury bond futures contracts traded in any trading day (excluding closing positions)
The transaction amount shall not exceed 30% of the net asset value of the fund on the previous trading day; Bonds held (excluding bonds with maturity date of
Government bonds within one year) market value and the value of futures contracts for buying and selling treasury bonds, total (netting calculation)
It shall comply with the relevant provisions of the fund contract on the proportion of bond investment;
3) At the end of any trading day, the value of treasury bond futures and stock index futures contracts and securities held
The sum of the market value of the securities shall not exceed 95% of the net asset value of the fund. Among them, marketable securities refer to stocks and bonds (not
Including government bonds with a maturity date of less than one year), asset-backed securities, redemptory financial assets for sale (excluding quality
Pledged repo), etc;
(20) When the Fund participates in stock option trading, it shall comply with the following investment proportion restrictions:
1) The total amount of premium paid and received by the Fund due to open position option contracts shall not exceed the fund assets
10% of net worth;
2) Where the Fund opens positions to sell call options, it shall hold sufficient underlying securities; Open put option
Should hold the full amount of cash required for contract exercise or the cash that can be offset against the option margin recognized by the rules of the Exchange
Gold equivalents;
3) The par value of the option contracts with open positions of the Fund shall not exceed 20% of the net asset value of the Fund, of which
The nominal value is calculated by multiplying the exercise price by the contract multiplier;
(21) The total proportion of convertible bonds and exchangeable bonds invested by the Fund does not exceed the fund assets
20%；
(22) The proportion limit of the Fund's investment in depositary receipts shall be subject to the domestic listed stocks
If the laws and regulations or the regulatory authorities provide otherwise, the provisions of the laws and regulations shall prevail;
(23) Other investment restrictions stipulated by laws and regulations, CSRC and the Fund Contract.
In addition to the above (3), (8), (13) and (15) cases, due to the fluctuation of the securities/futures market
Factors other than the fund manager, such as the merger of the securities issuer and the change of the fund size, result in the non conformance of the fund investment proportion
If the investment proportion is specified above, the fund manager shall adjust it within 10 trading days, but the CSRC
Except for the special circumstances specified by. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
If laws and regulations change the above portfolio proportion limit, the changed provisions shall prevail.
Laws and regulations or regulatory authorities cancel the above restrictions. If it is applicable to the Fund, the Fund Manager shall perform appropriate procedures
After that, the investment of the Fund will no longer be subject to relevant restrictions, but it needs to be announced in advance and no longer need to be held by fund units
Deliberated by the National People's Congress.
During the implementation of the side pocket mechanism, the agreed portfolio proportion and portfolio restrictions in this part are only applicable to
Main pocket account.
（3） The Fund Custodian, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Agreement
On the supervision of the prohibited acts of fund investment in Article 15 (9). The Fund Custodian passes the post supervision party
To supervise the Fund Manager's prohibited acts of fund investment.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the Fund's investment objectives and investment strategies, and follow the Fund's
The principle of giving priority to the interests of share holders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism,
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws and regulations or regulatory authorities cancel or adjust the above restrictions, if applicable to the Fund, fund management
After performing the appropriate procedures, the person may not be restricted by the above provisions or follow the adjusted provisions.
（4） The Fund Custodian shall manage the Fund in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Participate in supervision of inter-bank bond market. The Fund Manager shall trust the Fund before the investment operation of the Fund
We provide a carefully selected interbank bond market that complies with laws, regulations and industry standards and is applicable to the Fund
List of market counterparties, and agree on the transaction settlement method applicable to each counterparty. The fund manager shall be strict
Select counterparties in the inter-bank bond market according to the scope of the list of counterparties. The Fund Custodian supervises the Fund
Whether the manager conducts transactions according to the list of counterparties in the inter-bank bond market provided in advance. The Fund Manager may
The list of counterparties in the inter-bank bond market and the settlement method are updated semi annually
The unsettled transactions with the counterparties eliminated this time shall still be settled in accordance with the agreement. As base
The fund manager temporarily adjusts the list of counterparties in the inter-bank bond market and the settlement method according to the needs of the market situation
In case of any violation, the Fund Custodian shall explain the reasons to the Fund Custodian in a timely manner and negotiate for settlement.
The fund manager is responsible for controlling the credit standing of the counterparty, which is carried out according to the trading rules of the inter-bank bond market
Transaction, and be responsible for resolving disputes and losses caused by the counterparty's failure to perform the contract. The Fund Custodian will not accept
Undertake any legal liability and loss caused thereby, but provide necessary assistance to the administrator in a timely manner. If not
The counterparty of the agreement has not undertaken the liability for breach of contract before the time determined by the Fund Custodian and the Fund Manager, and
If he has relevant legal liabilities, the Fund Manager shall recover from the relevant counterparties. The Fund Custodian shall
The bond market transaction sheet shall supervise the performance of the contract. If the fund manager is found after the fund custodian
The Fund Custodian shall immediately remind the Fund Custodian if the transaction is not conducted in accordance with the counterparty or transaction method agreed in advance
The Fund Manager and the Fund Custodian shall not bear any losses and liabilities arising therefrom.
（5） The Fund Custodian shall manage the Fund in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
People invest in restricted securities for supervision.
The fund manager shall, in accordance with the relevant provisions of the CSRC, specify the fund in advance when investing in restricted securities
To invest in the proportion of restricted securities in circulation, formulate strict investment decision-making process and risk control system to prevent liquidity
Various risks such as sexual risk, legal risk and operational risk. Whether the Fund Custodian complies with the relevant regulations on the Fund Manager
Supervise the relevant system, liquidity risk disposal plan and relevant investment quota and proportion. first
Before investing in tradable restricted securities, the Fund Manager shall sign a risk agreement with the Fund Custodian on investment in tradable restricted securities
Control Supplementary Agreement.
1. The liquidity restricted securities invested by the Fund and the liquidity restricted assets mentioned above are not complete
Consistent, it must be the tradable securities approved by the China Securities Regulatory Commission that are clearly defined at the time of issuance and locked for a certain period of time
Including securities temporarily suspended due to the release of major news or other reasons, issued and unlisted securities, repurchase
Pledged bonds and other negotiable restricted securities in the transaction. The Fund does not invest in securities with an indefinite lock up period.
The restricted negotiable securities invested by the Fund are limited to those that can be registered by China Securities Depository and Clearing Corporation Limited or China Securities Depository and Clearing Corporation Limited
The Central Government Securities Depository and Clearing Co., Ltd. and the Inter bank Market Clearing House Co., Ltd. are responsible for registration and custody,
And can be traded in the stock exchange or the national inter-bank bond market.
The restricted negotiable securities invested by the Fund shall be registered and deposited in the name of the Fund, and the Fund Manager shall be responsible for
Implementation and coordination of relevant work, and ensure that the Fund Custodian can make normal inquiries. Due to the fund manager
The Fund Custodian's responsibility for failing to keep the Fund's assets safely due to the registration and custody of restricted negotiable securities
Any losses, liabilities and losses directly affecting the safety of the Fund due to the custody of restricted securities shall be managed by the Fund
The manager shall bear the responsibility.
The Fund shall not prepay any form of margin for its investment in restricted securities.
2. The Fund Manager shall be responsible for the liquidity risk of the Fund's investment in restricted securities, and ensure that relevant
Take active and effective measures to effectively solve the liquidity problem of fund operation within a reasonable time. as
When the cash flow of the fund is difficult due to huge redemption of the fund or drastic market changes, the fund management
The manager shall ensure to provide sufficient cash to ensure the payment and settlement of the fund. Securities guidance for the Fund due to restricted investment and circulation
The Fund Custodian shall not bear any responsibility for the liquidity risk caused by the. If the fund manager violates the fund contract or
The Fund Custodian shall bear the losses caused by the pre-determined proportion of restricted securities in investment circulation
In case of joint and several liability for compensation, the Fund Manager shall compensate the Fund Custodian for the losses incurred therefrom.
3. The Fund Custodian has the right to supervise the Fund Manager on the following matters in accordance with relevant regulations:
1) Compliance with laws and regulations when the Fund invests in restricted securities.
2) Relevant systems and liquidity risk disposal plans in the management of restricted securities of fund investment and circulation
The establishment and improvement of.
3) Implementation of proportional restrictions.
4) Information disclosure.
4. If relevant laws and regulations have new provisions on restricted securities for fund investment and circulation, such provisions shall prevail.
（6） For funds such as investment bank deposits, the Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the Fund Agreement
To supervise whether the scope of counterparties of fund investment bank deposits conforms to relevant regulations; base
Before signing the bank deposit agreement, the fund manager shall submit the draft bank deposit agreement to the fund custodian for review.
（7） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Calculation of net value, calculation of net value of various fund units, receipt of funds receivable, determination of fund expenses and income
Fund income distribution, relevant information disclosure, fund performance data published in fund promotion materials, etc
Conduct supervision and verification.
（8） The Fund Custodian discovers the above matters and investment instructions or actual investment operation of the Fund Manager
In case of violation of laws and regulations, the Fund Agreement and this Custodian Agreement, prompt by telephone or in writing shall be given in a timely manner
Both parties shall notify the fund manager to make corrections within a time limit in a manner acceptable to both parties, and report to the CSRC in a timely manner. fund management
The Fund Custodian shall actively cooperate and assist in the supervision and verification of the Fund Custodian. After receiving the written notice, the Fund Manager shall
On the next working day, check in time and send a written reply to the Fund Custodian, regarding the Fund Custodian's doubts
Explain or provide evidence, explain the reasons for the violation and the time limit for correction, and ensure that it can be corrected within the specified time limit. base
The fund manager shall designate a special person to receive the notice and prompt from the custodian. The Fund Custodian has
Right to review the notice at any time and urge the fund manager to correct. Fund Manager to Fund Custodian
The Fund Custodian shall report to the CSRC if the violation is not corrected within the time limit.
（9） The Fund Manager has the obligation to cooperate and assist the Fund Custodian in accordance with laws and regulations, the Fund Agreement and
This Custody Agreement shall check the fund business. The Fund Manager shall give written reminders to the Fund Custodian
Reply and correct within the specified time, or explain or provide evidence on the reasonable doubts of the Fund Custodian; For funds
The custodian shall report to the CSRC the fund supervision in accordance with the requirements of laws and regulations, the fund contract and this custody agreement
The Fund Manager shall actively cooperate in providing relevant data and systems for the supervision of reported matters.
（10） If the Fund Custodian finds that the instructions of the Fund Manager that have become effective according to the trading procedures violate the law
Where laws, administrative regulations and other relevant provisions are violated, or the fund contract is violated, the fund manager shall be notified immediately
The fund manager shall bear the losses caused thereby and report to the CSRC in a timely manner.
（11） If the Fund Custodian finds that the Fund Manager has major violations, it shall report to the CSRC in a timely manner
At the same time, the Fund Manager shall be notified to correct within a time limit, and the correction results shall be reported to the CSRC. Fund manager
Refusing or obstructing the other party to exercise the supervision right according to the provisions of this Custody Agreement, or taking delay or deception without justified reasons
Fraud and other means hinder the other party from carrying out effective supervision, and the circumstances are serious, or the fund custodian still refuses to correct after giving a warning,
The Fund Custodian shall report to the CSRC.
（12） When the fund holds specific assets and there are or potential large redemption applications
In the principle of protecting the interests of fund share holders, the Fund Manager has reached consensus with the Fund Custodian and consulted
After the opinion of the accounting firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to
Convene a general meeting of fund share holders for deliberation.
During the implementation of the side pocket mechanism, the Fund's portfolio proportion, investment strategy, portfolio restrictions and performance ratio
Benchmarking, risk return characteristics and other agreements are only applicable to master accounts.
Implementation conditions, implementation procedures and operational arrangements of side pocket account (including but not limited to the impact on fund redemption
Response, information disclosure, expense disbursement, etc.), investment arrangements, disposal, realization and payment of specific assets
See the fund contract and prospectus for details of matters that have a significant impact on the rights and interests of investors.
The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract and the Prospectus
Review and supervise the implementation of side pocket mechanism, specific asset disposal and information disclosure.
3、 The Fund Manager's business verification of the Fund Custodian
（1） The Fund Manager shall check the performance of the custodian duties of the Fund Custodian, including
The Fund Custodian shall safely keep the Fund assets and open the fund account, securities account and futures account of the Fund assets
Such as the accounts required for investment, review the net asset value of the fund calculated by the fund manager, the net value of various fund units
Conduct clearing and settlement, relevant information disclosure and supervise fund investment operation according to the instructions of the fund manager.
（2） The Fund Manager discovers that the Fund Custodian misappropriates the Fund assets without authorization and fails to distribute the Fund assets
Account management, failure to execute or unreasonably delayed execution of fund manager's fund transfer instructions, disclosure of fund investment information, etc
Any violation of the Fund Law, the Fund Contract, this Agreement and other relevant provisions shall be notified in writing in a timely manner
The Fund Custodian shall make corrections within a time limit. After receiving the notice, the Fund Custodian shall check it in a timely manner on the next working day and submit it in writing
Send a reply letter to the fund manager in the form of stating the reasons for the violation and the time limit for correction, and ensure that within the specified time limit and
Correct when. Within the above specified period, the Fund Manager has the right to review the notice at any time to urge the Fund Manager to
The gold custodian makes corrections. The Fund Custodian shall actively cooperate with the Fund Manager in its verification activities, including but not limited to:
Submit relevant materials for the Fund Manager to verify the integrity and authenticity of the custody property, and answer within the specified time
The Fund Manager shall be reinstated and corrected.
（3） The Fund Custodian has the obligation to cooperate and assist the Fund Manager in accordance with laws and regulations, the Fund Agreement and
This Custody Agreement shall check the fund business, including but not limited to: written reminders sent to the fund manager,
The Fund Custodian shall reply and correct within the specified time, or explain or provide evidence on the Fund Manager's doubts;
The Fund Custodian shall actively cooperate in providing relevant materials for the Fund Manager to verify the integrity and
Authenticity.
（4） If the Fund Manager finds that the Fund Custodian has major violations, it shall report to the CSRC in a timely manner,
At the same time, the Fund Custodian shall be notified to make corrections within a time limit, and the correction results shall be reported to the CSRC. The fund custodian is unoriginal
Refuse or obstruct the other party to exercise the supervision right according to the provisions of this agreement, or take delay, fraud and other means for reasons
If it obstructs the other party from carrying out effective supervision, and the circumstances are serious, or it still fails to correct after being warned by the fund manager
The manager shall report to the CSRC.
4、 Custody of fund assets
（1） Principles of Fund Property Custody
1. The Fund property shall be independent of the inherent property of the Fund Manager and the Fund Custodian. Debts on fund assets
The rights shall not be offset against the debts of the inherent assets of the Fund Manager and the Fund Custodian
Rights and liabilities shall not be offset against each other. The Fund Manager and the Fund Custodian shall bear legal liabilities with their own assets,
Its creditors may not exercise the right to request freezing, distraining or other rights over the fund assets.
2. The Fund Manager and the Fund Custodian are dissolved, revoked or declared bankrupt according to law
In case of liquidation for other reasons, the fund assets shall not belong to its liquidation assets.
3. The Fund Custodian shall keep the Fund assets in safe custody. Not made by the Fund Manager in accordance with legal procedures
The Fund Custodian shall not use, dispose of or distribute any assets of the Fund on its own in accordance with legal and compliance instructions. Non factor
The debts borne by the fund property itself shall not be enforced against the fund property.
4. The Fund Custodian shall open the fund account and securities/futures account and other investments of the Fund property in accordance with the provisions
Account required.
5. The Fund Custodian shall set up separate accounts for different fund assets under its custody for independent accounting and separate account management
To ensure the integrity and independence of the fund assets.
6. The Fund Custodian shall, according to the instructions of the Fund Manager, keep it in accordance with the Fund Contract and this Agreement
In case of special circumstances, both parties can negotiate separately to solve the fund property.
7. The Fund Manager shall be responsible for communicating with the relevant parties about the assets receivable arising from the fund investment
Determine the date of receipt and notify the Fund Custodian that if the fund property does not reach the fund account on the date of receipt
The custodian shall timely notify the fund manager to take measures for collection. If losses are caused to the fund assets
The Fund Manager shall be responsible for recovering the loss of the Fund property from the relevant parties, and the Fund Custodian shall not bear any responsibility for this
However, the Fund Custodian shall provide active assistance.
8. Except in accordance with laws and regulations and the provisions of the Fund Contract, the Fund Custodian shall not entrust a third person to custody
Fund assets.
（2） Fund raising period and capital verification of raised funds
1. During the fund raising period, a "special account for fund raising" shall be opened to deposit the raised funds. This account is created by
Issued by the Fund Manager.
2. The total amount of fund units raised, the amount of fund raised
After the number of fund unit holders meets the relevant provisions of the Fund Law and the Operation Measures, the Fund Manager shall
Transfer all funds belonging to the Fund property into the Fund's bank account opened by the Fund Custodian for the Fund, and
Within the specified time, hire an accounting firm that meets the requirements of the Securities Law to verify the capital and issue an inspection report
Information report. The capital verification report issued shall be signed by two or more Chinese certified public accountants participating in the capital verification and added
It is valid only after being stamped with the official seal of the accounting firm.
3. If the fund raising period expires or the fund ceases to raise, the conditions for the effectiveness of the fund contract are not met,
The Fund Manager shall handle the refund and other matters in accordance with the provisions, and the Fund Custodian shall provide full assistance.
（3） Opening and management of fund bank account
1. The Fund Custodian shall be responsible for the opening and management of the Bank Account of the Fund.
2. The Fund Custodian shall open a bank account of the Fund in its business institution in the name of the Fund, and
The fund manager shall handle the receipt and payment of funds according to the legal and compliant instructions. Account name and reserved seal for fund management
The account opening entrustment document issued by the Fund Custodian to the Fund Custodian shall prevail, and the Fund Custodian shall be responsible for the custody of the reserved seal of the account
And use. The account is non withdrawable.
3. The opening and use of the Fund's bank account shall be limited to meet the needs of conducting the Fund's business. Gikinto
The Custodian and the Fund Manager shall not open any other bank account in the name of the Fund; The base shall not be used
Any account of King carries out activities other than the business of the Fund.
4. The opening and management of the Fund's bank account shall comply with the relevant regulations of the bancassurance supervision and administration institution.
5. Under the conditions of compliance with laws and regulations, the Fund Custodian may use the special account of the Fund Custodian
The account handles the payment of fund assets.
（4） Opening and management of fund securities account and settlement provision account
1. The Fund Custodian is located in the Shanghai Branch and Shenzhen Branch of China Securities Depository and Clearing Co., Ltd
Open a securities account jointly named by the Fund Custodian and the Fund for the Fund.
2. The opening and use of the Fund's securities account shall be limited to meeting the needs of conducting the Fund's business. fund
The Custodian and the Fund Manager shall not lend or transfer any securities account of the Fund without the written consent of the other party
And may not use any account of the Fund for activities other than the business of the Fund.
3. The Fund Custodian shall be responsible for the opening of the fund securities account, and the management and application of the account assets shall be handled by the Fund
The manager is responsible.
4. The fund custodian shall open a settlement in the name of its own legal person in China Securities Depository and Clearing Co., Ltd
The reserve account, and on behalf of the funds under its custody, complete the first level cooperation with China Securities Depository and Clearing Co., Ltd
The Fund Manager shall actively assist in the liquidation of legal persons. Settlement provisions, securities settlement deposits, etc
The collection shall be carried out in accordance with the provisions of China Securities Depository and Clearing Corporation Limited.
5. If the CSRC or other regulatory authorities allow the fund to engage in its
If the investment business of other investment varieties involves the opening and use of relevant accounts, if there are no relevant regulations, the fund
The custodian shall follow the above provisions on account opening and use.
（5） Opening and management of bond custody account
After the Fund Contract comes into effect, the Fund Manager shall initiate inter-bank bond market access to the People's Bank of China on behalf of the Fund
Filing. After the filing is passed, the Fund Custodian shall register and settle on behalf of the Fund according to the People's Bank of China and the Central Government Bonds
The relevant provisions of the limited liability company and the inter-bank market clearing house Co., Ltd
Central Government Securities Depository and Clearing Co., Ltd. and Inter bank Market Clearing House Co., Ltd. open bond custody
And the settlement account, and the settlement of inter-bank market bonds on behalf of the Fund. The Fund Manager shall
Give necessary cooperation. The Fund Manager, on behalf of the Fund, signs the Master Agreement on Bond Repurchase in the National Inter bank Bond Market.
（6） Opening and management of futures related accounts
The Fund Manager and the Fund Custodian shall open futures settlement accounts and futures capital accounts in accordance with relevant regulations
Account, obtain the transaction code at China Financial Futures Exchange. Name of futures settlement account and futures capital account
The name and the corresponding name of the transaction code shall be established in accordance with the relevant provisions.
The Fund Custodian has obtained the qualification of depository bank for futures deposits, and the Fund Manager authorizes the Fund Custodian to handle
Manage relevant bank futures transfer business.
（7） Opening and management of other accounts
1. Other accounts opened for business development may be subject to laws, regulations and fund contract
The Fund Custodian shall be responsible for the fixed opening after the Fund Manager and the Fund Custodian have discussed. New account is available
Use and manage relevant regulations.
2. If laws and regulations and other relevant provisions provide otherwise for the opening and management of relevant accounts, such provisions shall prevail
Li.
（8） Custody of relevant valuable certificates of fund property investment
Valuable certificates such as physical securities and bank deposit account opening certificates related to the investment of fund assets shall be placed in the custody of the fund
People can deposit in the vault of the Fund Custodian, or in the Central Government Securities Depository and Clearing Co., Ltd. and banks
Inter market Clearing House Co., Ltd., China Securities Depository and Clearing Corporation Limited Shanghai Branch/Shenzhen
The custodian certificates of the branch office or bill business center shall be held by the fund custodian. Physical securities, silver
The purchase and transfer of valuable vouchers such as bank deposit account opening certificates shall be handled jointly by the Fund Manager and the Fund Custodian
Li. The Fund Custodian is actually effective for institutions other than those entrusted by the Fund Custodian and the Fund Custodian
The securities under control shall not bear the custody responsibility, but the Fund Custodian shall properly keep the vouchers.
（9） Custody of major contracts related to fund assets
The Fund Manager shall be responsible for signing major contracts related to the Fund assets. Represented by the Fund Manager
The originals of the major contracts signed by the Fund and related to the Fund assets shall be respectively submitted by the Fund Manager and the Fund Custodian
safekeeping. Unless otherwise specified in this Agreement, the Fund Manager shall sign on behalf of the Fund any material agreement relating to the assets of the Fund
The contract includes but is not limited to the annual audit contract of the fund, the fund information disclosure agreement and the fund investment business
The Fund Manager shall ensure that the Fund Manager and the Fund Custodian each hold at least one original
original script. The term of custody of major contracts is 20 years after the termination of the fund contract, unless otherwise stipulated by laws and regulations or the regulatory authority
If it is stipulated, its provisions shall prevail.
If more than two originals cannot be obtained, the Fund Manager shall provide the Fund Custodian with a copy of the contract
And affix the official seal on the copy. The original contract is not
Shall be transferred.
5、 Calculation, valuation and accounting of the net asset value of the Fund
（1） Time and procedure for calculation, review and completion of net asset value of the Fund
1. Net value of fund assets
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
The net value of various fund units is calculated by dividing the net value of such fund assets by the current
The net value of all types of fund units is accurate to 0.0001 yuan after the decimal point
The fifth digit shall be rounded off, and the resulting error shall be included in the fund property. The fund manager can set up large redemption
If there are other provisions on the net value accuracy emergency adjustment mechanism in the country, such provisions shall prevail. Class A funds of the Fund
The net value of fund units will be calculated separately for the amount and Class C fund units.
The fund manager shall calculate the net asset value of the fund and the net value of various fund units on each working day, which shall be deposited by the fund
The Fund Manager shall review and announce as required, but suspend the valuation in accordance with laws and regulations or the provisions of the Fund Contract
Except when.
2. Review procedure
After the fund manager evaluates the fund assets every working day, the net value results of various fund units will be
The two parties shall submit it to the Fund Custodian in the agreed manner, and after the Fund Custodian has checked and found no error, it shall
The review results shall be submitted to the fund manager, who shall disclose them to the public in accordance with the fund contract and relevant laws and regulations
Cloth.
3. According to relevant laws and regulations, the obligations of the calculation of the net asset value of the Fund and the accounting of the Fund shall be managed by the Fund
The manager shall bear the responsibility. The fund manager is the fund accounting responsible party of the Fund, so it is related to the Fund
If the relevant parties still cannot reach an agreement after full discussion on the basis of equality,
The results of the Fund Manager's calculation of the net value of the Fund shall be published to the public.
（2） Fund asset valuation methods and treatment of special circumstances
1. Valuation object
Stocks, depositary receipts, treasury bond futures, stock index futures, stock options, bonds and silver owned by the Fund
Bank deposit principal and interest, receivables, asset-backed securities, other investments and other assets and liabilities.
2. Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with
Accounting Standards and relevant regulations of regulatory authorities.
(1) For investment varieties with an active market and the same quoted price of assets or liabilities
If there is a quotation on a daily basis, the quotation shall be applied to the fund without adjustment, except for the exceptions specified in the accounting standards
Fair value measurement of assets or liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the latest trading day
In case of major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence to indicate the valuation
If the quoted price on the latest trading day cannot truly reflect the fair value, the quoted price shall be adjusted to determine the fair value
Value.
The fair value of the same assets or liabilities shall be used if they are the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
(2) For investment varieties that do not have an active market, they should be suitable for the current situation and have enough
The fair value can be determined by using valuation techniques supported by data and other information. Use valuation techniques to determine fair price
The observable input value should be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained
The unobservable input value can be used only when it is impracticable.
(3) In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
3. Valuation method
(1) Valuation of equity securities listed on stock exchanges
Equity securities (including stocks, etc.) listed on the stock exchange
Market price (closing price) valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the most recent transaction date
If there is no major event that affects the securities price, the market price of the latest trading day
(closing price) valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has
In case of major events affecting the securities price, the current market price and major change factors of similar investment varieties can be referred to,
Adjust the market price of the latest transaction to determine the fair price.
(2) Equity securities in the unlisted period shall be handled according to the following circumstances
1) The new shares issued by the company on the valuation date are listed on the stock exchange
Valuation of the market price (closing price) of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used
Valuation;
2) For the initial public offering of unlisted shares, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost;
3) Shares with a certain period of restricted sale period (including but not limited to non-public shares
During the secondary public offering, the company's shareholders offered shares to the public and obtained shares with limited sales period through block trading
, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions)
The fair value is determined according to the relevant regulations of the governing body or industry association.
(3) Valuation of fixed income varieties traded in the exchange market
1) For non equity fixed income varieties listed on the exchange market or transferred by listing (otherwise specified
Except for), select the net valuation price of the corresponding varieties provided by the third-party valuation agency for valuation;
2) For the types of fixed income with rights listed for trading or transfer in the exchange market (otherwise specified
Except), select the unique net valuation price or recommended net valuation price of the corresponding varieties provided by a third-party valuation agency
Valuation;
3) For convertible bonds listed and traded in the exchange market, the daily closing price is selected as the full valuation price;
4) The fair price of asset-backed securities listed and transferred in the exchange market shall be determined by valuation techniques
Value. If the cost can approximate the fair value, it shall be valued according to the cost. The fund manager shall continuously evaluate the above
The appropriateness of the law, and make appropriate adjustments when the situation changes;
5) For unlisted or unlisted bonds issued on the exchange market, valuation techniques are used to determine whether
The allowable value is valued at cost when it is difficult to reliably measure the fair value by valuation technology.
(4) Valuation of fixed income varieties in inter-bank market transactions
1) For the fixed income varieties without rights in the inter-bank market, select the similar ones provided by the third-party valuation agency
The valuation shall be conducted according to the estimated net price of the variety on the current day;
2) Fixed income varieties with rights in the inter-bank market, select the corresponding products provided by third-party valuation institutions
The only estimated net price or the recommended estimated net price on the day of the first three kinds of valuation. Fixed income including investor's right to put back
Beneficial variety, if the right of resale is not exercised after the deadline (including the date) of the registration period of resale
Price;
3) Bonds that are not listed in the inter-bank market and whose valuation price is not provided by the third-party valuation agency are being issued
There is no obvious difference between the interest rate and the secondary market interest rate, and there is no major change in the market interest rate during the unlisted period
In this case, they are valued at cost.
(5) If the same security is traded in two or more markets at the same time, it shall be separately based on the market in which the security is located
Valuation.
(6) The Fund's investment in treasury bond futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
(7) The Fund's investment in stock index futures contracts is generally valued at the settlement price on the valuation date
If there is no settlement price on the day, and there is no significant change in the economic environment after the latest trading day, the latest trading day settlement shall be adopted
Valuation.
(8) The Fund's investment in stock option contracts is generally valued at the settlement price on the stock option valuation date,
If there is no settlement price on the valuation date, and the economic environment has not changed significantly since the latest trading day, the latest payment shall be adopted
Valuation of daily settlement price.
(9) The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
(10) If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value,
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, estimate at the price that best reflects the fair value
Value.
(11) If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing decision for the Fund
Price mechanism to ensure the fairness of fund valuation.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the calculation results of the net value of the Fund.
4. Handling of special cases
Errors caused by the Fund Manager and the Fund Custodian when conducting valuation according to Item (10) of the valuation method
The difference is not treated as an error in the valuation of fund assets.
Due to force majeure, or stock exchanges, futures exchanges, registration and clearing institutions, securities brokerage institutions
The data sent by futures brokerage institutions, deposit banks and other third-party institutions is incorrect, or the national accounting policy changes
For reasons other than the Fund Manager and the Fund Custodian, such as changes in market rules, the Fund Manager and the Fund Custodian
Necessary, appropriate and reasonable measures have been taken for inspection, but errors have not been found or even if errors are found
Due to the above reasons, the Fund Manager and the Fund Custodian cannot correct the valuation errors of the Fund assets in a timely manner
The administrator shall be exempted from liability for compensation. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to eliminate or
Mitigate the resulting impact.
（3） Treatment method for net value error of fund units
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of a certain type of fund unit is within 4 decimal places (including the 4th decimal place)
If the value is wrong, it shall be deemed that the net value of such fund units is wrong.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
It states the "principle of handling valuation errors" to make compensation and bear the liability for compensation.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the valuation error liability
Either party shall compensate the loss of the injured party, and within the scope of the compensation amount paid by it
The parties have the right to demand the delivery of unjust enrichment; If the party who has obtained unjust enrichment has excluded this part
When the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has already received to the amount of improper
The difference between the total return of profits and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the fund manager shall immediately correct it and notify
The Fund Custodian shall take reasonable measures to prevent further expansion of losses;
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager that
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The fund manager shall make an announcement and report to the CSRC for the record;
(3) If the above contents are otherwise stipulated by laws and regulations or regulatory authorities, their provisions shall prevail. If the industry
In other general practice, both parties shall negotiate in the principle of equality and protection of the interests of fund share holders
Commerce.
（4） Suspension of valuation
1. The securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
（5） Fund accounting system
The accounting system stipulated by relevant national departments shall be followed.
（6） Establishment of fund account book
The Fund Manager shall conduct fund accounting and prepare fund financial accounting reports. Fund manager, fund
The Custodian shall independently set up, record and keep the full set of account books of the Fund. Prepared by the Fund Custodian as required
Relevant account books shall be checked with the fund manager. If the fund manager and the fund custodian have different accounting treatment methods
In case of disagreement, the handling method of the Fund Manager shall prevail. If the check on the current day is inconsistent, the wrong account cannot be found temporarily
If the calculation and announcement of the net value of the Fund are affected by the reason of, the account book of the Fund Manager shall prevail.
（7） Preparation and review of fund financial statements and reports
1. Preparation of financial statements
The financial statements of the Fund shall be prepared by the Fund Manager and reviewed by the Fund Custodian.
2. Report review
The Fund Custodian shall, in accordance with relevant laws, administrative regulations, the provisions of the CSRC and the Fund Contract
It is agreed that the net value of fund assets, net value of various fund units and purchase and redemption of fund units prepared by the fund manager
Return price, regular fund report, updated prospectus, summary of fund product information, fund liquidation report
And other publicly disclosed fund information, and make written or electronic confirmation to the fund manager
Recognize.
3. Preparation and review schedule of financial statements
1) Preparation of statements
The Fund Manager shall complete the preparation of monthly statements within 5 working days after the end of each month; Close quarterly
The preparation and announcement of the quarterly report of the Fund shall be completed within 15 working days from the date of expiration; Fund prospectus
In case of any major change in the information of the gold product information summary, the Fund Manager shall update it within three working days
The fund prospectus and the summary of fund product information are published on the specified website; Fund prospectus, assets
If other information in the product data summary changes, the fund manager shall update it at least once a year. Fund termination
The Fund Manager will no longer update the Prospectus and the summary of the Fund's product information. Interim report in the first half
It shall be announced within two months from the end of the year; The annual report shall be announced within three months from the end of each year.
If the Fund Contract takes effect less than two months ago, the current quarterly report, interim report or annual report may not be prepared
presentation.
2) Review of statements
The Fund Manager shall timely complete the preparation of the statements and provide the relevant statements to the Fund Custodian for review; Gikinto
When the custodian finds discrepancies in the statements of both parties during the review process, the Fund Manager and the Fund Custodian shall
It is the same as finding out the cause and making adjustment, and the adjustment shall be subject to the relevant national regulations.
The Fund Manager shall allow sufficient time for the Fund Custodian to review relevant statements and reports.
（8） The Fund Manager shall submit the quarterly report, interim report or annual report to the Fund Manager
The Fund Custodian shall provide the basic data and compilation results of the Fund performance benchmark.
（9） If the Fund implements the side pocket mechanism, it shall evaluate the assets of the main pocket account in accordance with the provisions of this Part
And disclose the net asset value of the fund and the net share value of the main pocket account, and suspend the disclosure of the net share value of the side pocket account.
6、 Custody of the Register of Fund Unitholders
The register of fund unit holders shall at least include the names of fund unit holders and the fund units they hold.
The register of fund unit holders shall be prepared and kept by the fund registration agency in accordance with the instructions of the fund manager
The Manager and the Fund Custodian shall respectively keep the register of Fund Unitholders for a period of not less than 20 years
Unless otherwise stipulated by laws and regulations or required by competent authorities. If it cannot be properly kept, it shall be borne according to relevant regulations
Responsibility.
Before the Fund Custodian requests or prepares the interim report and annual report, the Fund Manager shall send the relevant information to
The Fund Custodian shall not refuse or delay the provision without reason, and shall guarantee its authenticity, accuracy and integrity.
The Fund Custodian shall not use the register of Fund Unitholders under its custody for other purposes than fund custody business
And shall abide by the confidentiality obligation.
7、 Dispute resolution
Disputes arising from or related to this Custody Agreement shall be settled by both parties through consultation and mediation,
If no settlement can be reached through consultation or mediation, either party has the right to submit the dispute to the China International Economic and Trade Arbitration Commission
Yes, the arbitration shall be conducted in accordance with the then effective arbitration rules of the Commission. The place of arbitration shall be Beijing. The arbitral award is final
The arbitration fee and attorney fee shall be borne by the losing party.
During the dispute settlement period, both parties to this Custodian Agreement shall strictly abide by the responsibilities of the Fund Manager and the Fund Custodian,
They continue to faithfully, diligently and responsibly perform their obligations under the Fund Agreement and this Custodian Agreement, and maintain the Fund
Legal rights and interests of unit holders.
This Agreement shall be governed by the laws of China (excluding the laws of Hong Kong, Macao and Taiwan).
8、 Modification and Termination of Escrow Agreement
（1） Change procedure of this Custody Agreement
Both parties to this Custody Agreement may modify this Custody Agreement upon consensus. Modified
The contents of the new custody agreement shall not conflict with the provisions of the fund contract. Report on change of fund custody agreement
Recorded by China Securities Regulatory Commission.
（2） Circumstances arising from the termination of the Fund Custody Agreement
1. The Fund Contract is terminated;
2. The Fund Custodian is dissolved, revoked, bankrupt or other Fund Custodian takes over the Fund assets;
3. The Fund Manager is dissolved, revoked, bankrupt or taken over by another Fund Manager
Right;
4. Occurrence of termination events specified by laws and regulations, the CSRC or the fund contract.
21、 Fund Unitholder Services
Changxin Fund Management Co., Ltd. (hereinafter referred to as "the Company" or "the Fund Manager"), or
"Company") will provide a series of services to fund share holders, and
Increase or change service items according to market changes. The fund share holders can
The customer service center, website and other channels enjoy all-round and whole process services. The following are the main service modes and
Content:
Service content of fund share holders
Details of serial number type
（1） After each transaction of account service statement service, investors can query and print the confirmation form through the outlets of the sales institution within T+2 working days; Within 5 working days after the end of each month, the fund manager sends the transaction statement in electronic or paper form according to the customized statement needs of investors.
Other information The fund manager will mail the relevant company introduction and product introduction materials to the fund share holders from time to time according to their needs.
（2） The online inquiry service network allows customers to log in to the "Account Login" column of the fund manager's website through the fund account number or account opening certificate number, and enjoy many online services such as account inquiry, SMS/email information customization, and data modification.
Transaction information inquiry After the completion of a transaction, investors can start to inquire about the transaction through the sales agency's outlets or the "Account Login" column on the fund manager's website within T+2 working days, including the total amount of customers' purchases, fund purchase units, fund dividend units, historical transaction information, etc.
Modification of customer account information Fund share holders can directly log on to the fund manager's website to modify the non important information of the account, such as contact address, telephone number, e-mail address, etc. You can also go to the direct sales outlets in person or call the customer service hotline, and the relevant services can be provided by manual agents. In order to safeguard the interests of investors, the procedures for the change of important information of investors are as follows: 1. The consignment customers are submitted by the consignment channels for handling (please consult the consignment institutions for specific materials). For the change business of the investor's name, certificate type and certificate number in the open-ended fund account information opened by means of number allocation, only one of the key information can be modified for a single open-ended fund account within one working day. 2. Direct selling customers: For abnormal changes, you need to provide a copy of your ID card, the original certificate of the public security organ, an application form for open-ended fund account business, and an application form for the change of open-ended fund account information; For normal changes, you need to provide a copy of your ID card, an application form for open-ended fund account business, an application form for the change of open-ended fund account information, and the original of the old and new bank card conversion certificate issued at the bank counter, and mail them to the company.
（3） Investors of online fund transactions can apply through the direct sales outlets of the sales institutions and fund managers
In addition to service purchase, redemption and information inquiry of investment, online trading services can also be enjoyed through the fund manager's website (www.cxfund. com. cn). For detailed business rules, please refer to our website description.
The Fund Manager will provide dividend reinvestment services to the holders upon the choice of the investors when dividends are reinvested into the Fund for distribution of income. No subscription fee will be charged for dividend reinvestment. Fund share holders can choose to change the fund dividend method at any time (the dividend method applied for on the equity registration date is invalid for the current dividend).
（4） Customer Service Center Telephone Service Customer Service Center Automatic Voice System provides 7 × 24 hours information inquiry on fund net value, account transactions, fund products and services. The customer service center provides services manually every trading day, and investors can obtain special services such as business consultation, information inquiry, service complaint, information customization, and data modification through this special line.
（5） Customer Complaint Acceptance Service Customer Complaint Handling Process The customer complaint of the company is subject to the unified management of the Customer Service Center, which designates a special person to be responsible for setting up a special complaint management workflow, and the Supervision and Audit Department is responsible for supervising the handling of complaints.
Customer complaint mode Investors can use the company's customer service hotline (400-700-5566), sales agency, company website (www.cxfund. com. cn), e-mail（ service@cxfund.com.cn ）, letters, faxes (021-61009865), sales outlets counters and other forms of complaints about the services provided by the company and the company's policies and regulations. All customer complaints will be regularly summarized, registered and archived. Complaints made by calling the customer service line will be recorded and archived. The company will take appropriate measures to properly handle customer complaints in a timely manner, summarize relevant problems and improve the internal control system.
（6） Value added service information customization service Fund share holders can customize the information they need on the fund manager's website or by calling the customer service hotline, including product net value, transaction confirmation, company news, fund information, etc. The fund manager will regularly send information to investors in the form of SMS or email as required.
Personalized financial services With the development of the company, the company will provide personalized financial services for fund share holders as appropriate, such as providing financial advisers to provide financial advice and related financial plans for fund share holders.
Organize investor exchange meetings The Company will hold investor exchange meetings from time to time to provide fund share holders with lectures on fund, investment, wealth management and other aspects, so that the Company's fund share holders can get more wealth management information and other value-added services. In addition, the Fund Manager of the Company will also communicate with the Fund Unitholders irregularly through various ways to let them know more about the operation of the Fund.
（7） Investor education service In order to further improve investor services, let investors understand the characteristics and risks of the securities market and various securities investment varieties, be familiar with the laws and regulations of the securities market, establish correct investment concepts, enhance risk prevention awareness, and safeguard their legitimate rights and interests according to law, the Company will carry out popularization of securities knowledge, publicity of policies and regulations Reveal market risks and guide investor education activities such as legal rights protection.
（8） Public information disclosure service Disclosing company information In order to facilitate the public to understand the company's information, including the company's development profile, organizational structure, company culture, business philosophy, business management, business situation and other public information, the company has opened a national unified customer service line 400-700-5566 (free of long call fees) and the company's website
(www.cxfund. com. cn) for the convenience of investors.
Disclosure of fund information The Company will disclose legal documents and announcement information on the information disclosure media specified by the CSRC according to regulations. The Company will disclose the relevant information of the Fund through the customer service center, the company's website, the selling institute on a commission basis and the relevant fund publicity materials, including the overview of the Fund, investment philosophy, investment objects, risk return characteristics, net value and its changes, fund manager introduction and other information. The Company will inform the subscription, purchase and redemption procedures, processes, fees and other precautions through the customer service center, the company's website, the sales agency and other channels. Fund investors can download relevant forms by logging on the company's website.
Disclosure of other information The Company's customer service center and website provide investors with other information consulting, including information about the custodian, fund knowledge, market news and quotations, product information, etc.
（9） Customer service contact information: customer service hotline 4007005566 (free of long call charges), manual seats can be transferred within working hours (8:30-12:00 13:00-17:00).
Fax 021-61009865
Company website https://www.cxfund.com.cn/
E-mail service@cxfund.com.cn
22、 How to store and view the prospectus
After the issuance of the Prospectus of the Fund, the Fund Manager and the Fund Custodian shall comply with relevant laws and regulations
It is stipulated that the information shall be kept at the company's domicile, which can be consulted by investors during office hours. After paying the cost of production
Obtain copies or duplicates of the above documents within a reasonable time.
The Fund Manager and the Fund Custodian guarantee that the content of the text is completely consistent with the content of the announcement.
23、 Documents for future reference
The documents for future reference of the Fund include:
（1） One year holding period hybrid securities investment fund raising of Changxin Ruili income registered by China Securities Regulatory Commission
Documents;
（2） The Fund Contract of One year Holding Period Hybrid Securities Investment Fund of Changxin Ruili Income;
（3） Custody Agreement of One year Holding Period Hybrid Securities Investment Fund of Changxin Ruili Income;
（4） Legal opinion;
（5） Other documents required by the CSRC.
Changxin Fund Management Co., Ltd
April 8, 2002