Changxin Fund Management Co., Ltd
Changxin Ruili Income One year Holding Period Hybrid
Securities Investment Fund Contract
Fund Manager: Changxin Fund Management Co., Ltd
Fund Custodian: China Minsheng Bank Co., Ltd
April, 2012
catalog
Part I Preface one
Part II Definitions three
Part III Basic Information of the Fund nine
Part IV Sale of Fund Units eleven
Part V Fund Filing thirteen
Part VI Subscription and Redemption of Fund Units fifteen
Part VII Parties to the Fund Contract and Their Rights and Obligations twenty-five
Part VIII General Meeting of Fund Unitholders thirty-three
Part IX Conditions and Procedures for Replacement of Fund Manager and Fund Custodian forty-two
Part X Custody of the Fund forty-five
Part XI Registration of Fund Units forty-six
Part XII Investment of the Fund forty-eight
Part XIII Assets of the Fund fifty-nine
Part XIV Valuation of Fund Assets sixty
Part XV Fund Fees and Taxes sixty-seven
Part XVI Income and Distribution of the Fund seventy
Part XVII Accounting and Audit of the Fund seventy-two
Part XVIII Information Disclosure of the Fund seventy-three
Part XIX Change and Termination of the Fund Contract and Liquidation of the Fund Assets eighty-one
Part XX Liability for Breach of Contract eighty-three
Part XXI Dispute Settlement and Applicable Law eighty-four
Part XXII Effectiveness of the Fund Contract eighty-five
Part XXIII Other Matters eighty-six
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Part I Preface
1、 Purpose, Basis and Principle of the Fund Contract
1. The purpose of entering into this Fund Contract is to protect the legitimate rights and interests of investors and clarify the
Rights and obligations, standardize fund operation.
2. The Fund Contract is concluded on the basis of the Civil Code of the People's Republic of China (hereinafter referred to as the "Civil Law")
Securities Law of the People's Republic of China (hereinafter referred to as "Securities Law")
Securities Investment Fund Law of the People's Republic of China (hereinafter referred to as "the Fund Law"), Public Offering of Securities Investment Funds
Management Measures for Financial Operation (hereinafter referred to as "Operation Measures"), Sales of Publicly Offered Securities Investment Funds
Institutional Supervision and Management Measures (hereinafter referred to as "Sales Measures"), Public Offering of Securities Investment Funds
Administrative Measures for Information Disclosure (hereinafter referred to as "Information Disclosure Measures"), Public Offering of Open ended Securities
Provisions on Liquidity Risk Management of Investment Funds (hereinafter referred to as "Provisions on Liquidity Risk Management")
He has relevant laws and regulations.
3. The principle of entering into this Fund Contract is equality, voluntariness, honesty and credibility, and full protection of the legal rights of investors
Benefits.
2、 The fund contract is the basic legal document that stipulates the rights and obligations between the parties to the fund contract
Any document or statement relating to the rights and obligations of the parties to the fund contract related to the fund, such as
In case of any conflict in the fund contract, the fund contract shall prevail. The parties to the fund contract shall comply with the Fund Law and the fund contract
And other relevant provisions.
The parties to a fund contract include the fund manager, the fund custodian and the fund unit holders. Fund investment
The investor shall become the fund share holder and a party to the fund contract when he obtains the fund shares in accordance with the fund contract
The behavior of holding fund shares itself indicates its recognition and acceptance of the fund contract.
3、 Changxin Ruili Yields One year holding period hybrid securities investment fund is managed by the fund manager in accordance with the Fund
Law of the People's Republic of China, the fund contract and other relevant regulations, and the fund has been raised by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC")
"China Securities Regulatory Commission").
The registration of the Fund raised by the CSRC does not indicate the investment value of the Fund and the market value of the Fund
The fact that the Fund makes substantive judgments or guarantees does not mean that there is no risk in investing in the Fund. The CSRC is not based
Make substantive judgment or guarantee on the investment value and market prospect of gold.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
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However, there is no guarantee that investment in the Fund will be profitable, nor will there be any guarantee of minimum return.
4、 The Fund Manager and the Fund Custodian disclose information related to the Fund outside the Fund Contract
If the content involves defining the rights and obligations between the parties to the fund contract, in case of conflict with the fund contract
The contract shall prevail.
5、 Investors should carefully read the fund contract, fund prospectus, fund product information summary, etc
Information disclosure documents, independently judge the investment value of the fund, independently make investment decisions, and independently bear the investment risk
Insurance.
6、 The Fund is established and operated in accordance with Chinese laws and regulations
If the mandatory provisions of laws and regulations are inconsistent, the provisions of the then effective laws and regulations shall prevail.
7、 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 faced by the Fund, the Fund will also face significant fluctuations in the price of China Depositary Receipts, or even
The risk of large losses and the risk related to the issuance mechanism of China's depositary receipts.
8、 After investors subscribe/subscribe for the Fund units, they must hold them for at least one year before they can redeem them, that is, hold them for one year
During the period, fund share holders cannot apply for redemption or conversion and transfer out, and investors need to arrange funds reasonably.
9、 When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager shall
After the corresponding procedures, the side pocket mechanism can be activated. See the relevant sections of the fund contract and prospectus for details.
During the implementation of the side pocket mechanism, the fund manager will mark the fund abbreviation specially and will not handle the side pocket account
Subscription and redemption of. Please read the relevant content carefully and pay attention to the side pocket mechanism of the Fund
Specific risks.
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Part II Interpretation
In this Fund Contract, 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 or the Fund contract: refers to the "One year holding period hybrid securities investment of Changxin Ruili income"
Fund Agreement 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
Custody Agreement of One year Holding Period Hybrid Securities Investment Fund and any effective amendments and supplements to the custody agreement
charge
6. Prospectus: Refers to the Recruitment Theory of Changxin Ruili Income One year Holding Period Hybrid Securities Investment Fund
Ming Shu and its update
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 Law of the Standing Committee of the Tenth National People's Congress on October 28, 2003
Adopted at the fifth session of the National People's Congress and approved by the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting of the membership committee, implemented since June 1, 2013, and approved by the
Standing Committee of the National People's Congress
Decision 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 China Securities Regulatory Commission on August 28, 2020 and October 1 of the same year
The Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies implemented and the promulgating authority shall
Revision issued
12. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
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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
Administrative 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, the same year
Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on October 1 and promulgated
As amended from time to time by the Authority
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 in 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
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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)
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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 share holders' effective public funds in accordance with the Fund Agreement and the Fund Manager at that time
To apply for converting the fund units of a fund managed by the fund manager into
Behavior of other fund units managed by the fund 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
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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
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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 the objective that the parties to the Fund contract cannot foresee, avoid and overcome
event
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Part III Basic Information of the Fund
1、 Fund name
Changxin Ruili Income One year Holding Period Hybrid Securities Investment Fund
2、 Category of fund
Hybrid securities investment fund
3、 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.
4、 Investment objectives of the Fund
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.
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5、 Total minimum raised shares of the Fund
The minimum total number of units raised by the Fund is 200 million.
6、 Nominal value of fund units and subscription fees
The selling face value of the Fund units is RMB 1.00.
There is no subscription fee for Class C fund units of the Fund, and the subscription rate for Class A fund units is based on the
Implementation of regulations.
7、 Duration of the Fund
Irregular
8、 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.
The Fund Manager shall determine the specific setting and rate level of the Fund's share categories
Listed in the prospectus.
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.
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Part IV Sale of Fund Units
1、 The time, method and target of offering fund units
1. Sale time
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the specific time of sale of fund units
Notice.
2. Way of sale
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 amount offering announcement and the publicity of the fund manager's website.
3. Target
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.
2、 Subscription of Fund Units
1. Subscription fee
The Fund units are divided into Class A and Class C. Subscription fees are charged for Class A fund units at the time of subscription, and Class C fund units
No subscription fee will be charged for fund units at the time of subscription.
The subscription rate of Class A fund units of the Fund shall be determined by the Fund Manager and listed in the Prospectus.
The fund subscription fee shall not be included in the fund property.
2. Treatment of interest during the raising period
The interest generated from the effective subscription funds during the raising period will be converted into fund units and returned to the fund unit holders
All, of which the specific amount of interest transferred to shares shall be subject to the records of the registration authority.
3. Calculation of Fund Subscription Units
The specific calculation method of fund subscription units is listed in the prospectus.
4. Handling method of subscribed share balance
The calculation of subscribed shares shall be reserved to 2 decimal places, and the part after 2 decimal places shall be rounded off
The gains or losses arising from this error shall be borne by the fund property.
5. Confirmation of subscription application
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The acceptance of the subscription application by the fund sales agency does not necessarily mean that the application is successful, but only represents the sales machine
The organization has indeed received the subscription application. The confirmation of subscription shall be subject to the confirmation result of the registration authority. For subscription application
And the confirmation of the subscribed shares. Investors shall timely inquire and properly exercise their legal rights.
3、 Limitation on the amount of fund share subscription
1. When subscribing, investors shall pay in full in the way specified by the sales agency.
2. The Fund Manager may limit the minimum single subscription amount of each fund transaction account
Please refer to the prospectus or relevant announcements for body restrictions.
3. The Fund Manager may limit the cumulative subscription amount of a single investor during the offering period
Please refer to the prospectus or relevant announcements for body restrictions and handling methods.
4. Investors can subscribe for fund units several times during the raising period, and the subscription fee for Class A fund units is based on
Each subscription application is calculated separately, but the accepted subscription application cannot be revoked.
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Part V Fund Filing
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.
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Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
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Part VI 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 the prospectus or other relevant announcements. The fund manager can change or increase or decrease the sales machine according to the situation
And publicized on the fund manager's website. The fund investor shall handle the fund sales business at the sales institution
The subscription and redemption of fund units shall be handled at the business premises 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 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.
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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
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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 specified in the Fund Contract
In case of redemption or postponement of payment of redemption money, the payment method shall refer to the relevant provisions of this Fund Contract
Li.
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
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1. The fund manager may specify the minimum amount of the initial subscription and each subscription of the investor and each redemption
Please refer to the Prospectus or relevant announcements for the specific provisions of the minimum share returned.
2. The fund manager may specify the minimum fund unit balance of each fund transaction account of the investor, with
Please refer to the Prospectus or relevant announcements for specific regulations.
3. 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
Please refer to the Prospectus or relevant announcements for the upper limit of purchase amount and the upper limit of the total size of the Fund.
4. 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. Please refer to the Prospectus or relevant announcements for details.
5. 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. The Fund is divided into Class A and Class C fund units, which are set with separate fund codes,
Calculate and announce the net value of fund units respectively. The calculation of the net value of various fund units of the Fund shall be kept to the decimal
The fourth digit after the decimal point 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. T
The net value of various fund units on the day shall be calculated after the close of the market on the day, and shall be announced as agreed in the fund contract. Encounter special circumstances
In the event that appropriate procedures are followed, the calculation or announcement may be delayed appropriately.
2. The calculation of subscription units and the handling method of the balance: For the calculation of the subscription units of the Fund, see Recruitment
Instructions. The subscription rate of Class A fund units of the Fund shall be determined by the Fund Manager, and shall be listed in the prospectus
Listed in the book and the summary of fund product information. There is no subscription fee for Class C fund units of the Fund. Validity of subscription
The unit is the net subscription amount divided by the net value of such fund units on the current day, and the effective unit is units
Retained to 2 decimal places, and the part after 2 decimal places is rounded off, resulting in gains or losses
It shall be borne by the fund property.
3. Calculation and handling method of redemption amount: please refer to the Prospectus for the calculation of redemption amount of the Fund,
The unit of redemption amount is yuan. The redemption rate of the Fund shall be determined by the Fund Manager, and
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Listed in the gold product data summary. Redemption amount is the effective redemption unit actually confirmed multiplied by such base on the day
The unit of redemption amount is yuan. The above calculation results are rounded
The method shall be reserved to 2 decimal places, and the resulting gains or losses shall be borne by the fund property.
4. The subscription fees shall be borne by the investors who subscribe Class A fund units and shall not be included in the fund assets.
5. Redemption expenses shall be borne by the fund unit holders who redeem the fund units
It is collected when the fund units are returned. The proportion of redemption expenses included in the fund property shall be set in accordance with relevant laws and regulations
See the prospectus. The part not included in the fund property is used to pay the registration fee and other necessary formalities
Fees.
6. The specific calculation method, redemption rate and redemption amount of the Fund's subscription rate and subscription units are as follows:
The calculation method and charging method of the fund shall be determined by the fund manager in accordance with the provisions of the fund contract, and shall be stated in the prospectus
Listed in the book. The fund manager may adjust the rate or charging method within the scope agreed in the fund contract, and
In accordance with the relevant provisions of the Information Disclosure Measures, the new rate or charging method shall be submitted to the regulatory media later than the implementation date of the new rate or charging method
Introduce the announcement.
7. 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.
8. 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、 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 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. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The scale of fund assets is too large, which makes the fund manager unable to find suitable investment varieties, or other
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It may have a negative impact on the performance of the Fund, or other circumstances may damage the interests of existing Fund Unitholders.
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 the subscription, the fund manager shall suspend accepting the application for fund subscription.
7. The Fund Manager's acceptance of certain or certain subscription applications may lead to a single investor holding the Fund
The proportion of shares reaches or exceeds 50%, or the situation of avoiding 50% concentration in disguised form.
8. Different fund managers, fund custodians, registration agencies, sales agencies, payment and settlement agencies, etc
The fund sales system, fund sales payment settlement system, fund registration system and fund accounting department
The system cannot operate normally.
9. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to temporarily suspend the subscription in any of the above items 1, 2, 3, 5, 6, 8 and 9
When stopping accepting the subscription application of investors, the fund manager shall, in accordance with the relevant provisions, temporarily publish it on the specified media
Announcement of suspension of subscription. If the investor's application for subscription is rejected in whole or in part, the rejected subscription amount
The fund will be returned to the investor, and the fund manager and the fund custodian will not bear the interest and other losses arising from the returned funds
Loss. When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner.
8、 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
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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.
9、 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
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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.
10、 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.
11、 Fund conversion
The Fund Manager may decide to open the Fund in accordance with relevant laws and regulations and the provisions of the Fund Agreement
For the conversion business with 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 relevant laws and regulations and the provisions of this Fund Agreement,
And inform the Fund Custodian and relevant institutions in advance.
12、 Non trading transfer of funds
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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.
13、 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.
14、 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.
15、 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
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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.
16、 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.
17、 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 the Prospectus or relevant companies
Notice.
18、 If it does not violate relevant laws and regulations and has no material adverse impact on the interests of fund share holders
Under the premise, the fund manager can make arrangements for the above subscription and redemption and related businesses according to the specific circumstances
It is unnecessary to hold a general meeting of fund share holders to review the supplement and adjustment and make an announcement in advance.
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Part VII Parties to the Fund Contract and Their Rights and Obligations
1、 Fund manager
（1） Profile of the Fund Manager
Name: Changxin Fund Management Co., Ltd
Address: 9/F, 68 Yincheng Middle Road, China (Shanghai) Pilot Free Trade Zone
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
Tel: 021-61009999
（2） Rights and obligations of the Fund Manager
1. According to the Fund Law, the Operation Measures and other relevant provisions
Including 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;
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(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 fund 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
Including 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
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The property shall seek benefits for itself 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) 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 regulations
Disclosure 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 shall be insured before the public disclosure of fund information
Confidential information, which shall not be disclosed to others, except for the information provided to 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 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 in cooperation 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
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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 behavior 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.
2、 Fund Custodian
（1） Profile of Fund Custodian
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
（2） Rights and obligations of the Fund Custodian
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of the Fund Custodian include
Including 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;
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(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 Operation Measures and other relevant provisions, the obligations of the Fund Custodian include
Including 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
The property seeks benefits for itself and any third party, and may not 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) In addition to the Fund Law, the Fund Contract and other relevant provisions
Unless otherwise specified, the fund information shall be kept confidential before public disclosure and shall not be disclosed to others
Except when requested by an external professional consultant;
(8) Review and review the net fund value information, subscription and redemption prices of fund units calculated by the fund manager
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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 20 years
If laws and regulations or regulatory rules provide otherwise, their provisions shall prevail;
(12) Receive and keep the register of fund unit holders from the fund manager or its entrusted registration institution;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene the holding of fund units in accordance with the Fund Law, the Fund Contract and other relevant provisions
The National People's Congress or the Fund Manager and the Fund Unitholders shall convene the Fund Unitholders' Meeting 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.
3、 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
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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
Benefits include but are 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. In accordance with the Fund Law, the Operation Measures and other relevant provisions
Services include but are 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;
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(9) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
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Part VIII 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 shares that individually or collectively hold more than 10% (including 10%) of the total fund shares
The amount holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) writes about the same matter
To request the convening of a general meeting of fund share 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:
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(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 subscription, 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 after receiving the written proposal,
And notify the Fund Custodian in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; If the Fund Manager decides not to convene the meeting and the Fund Custodian still considers it necessary, the Fund Custodian shall
The fund 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 Fund Manager 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 after receiving the written proposal, and inform the proposed fund unit holders in writing
There are representatives and fund custodians. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; The Fund Manager decides not to convene, representing more than 10% (including 10%) of the Fund shares
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If the amount holder still considers it necessary to hold the meeting, he 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 the proposed fund in writing
The holder's representative and the fund manager; If the Fund Custodian decides to convene the meeting, it shall issue a written decision from the date of issuance
Within 60 days from the date of the meeting, the Fund Manager shall be notified, and 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 at least 30 days in advance
Report to the CSRC for filing. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law
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
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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) The convener of the meeting shall publish the notice of the meeting in accordance with the Fund Contract, and within 2 working days
Continue to 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,
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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 time of holding the general meeting of fund unit holders of
Convene a new general meeting of fund unit holders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
One (including one third) or more fund share holders directly issue voting opinions or authorize others to issue voting opinions
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
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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 and publish
The supervisor shall then read out the proposal by the presider of the meeting, vote after discussion, and form the resolution of the meeting.
The presider of the meeting is the representative authorized by the fund manager to attend the meeting, but the authorized representative of the fund manager fails to preside
In the case of a general meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If authorized by the Fund Manager
If neither the representative nor the authorized representative of the Fund Custodian can preside over the meeting, the Fund Unitholders and
More than half (including half) of the voting rights held by the agent shall elect a fund share holder
As the host of the Fund Unitholders' Meeting. The Fund Manager and the Fund Custodian refuse to attend or
The General Meeting of Fund Unitholders shall not affect the validity of the resolutions made at the General Meeting of Fund Unitholders.
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 vote on it
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 organ.
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
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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.
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(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
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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 unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at 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 voting of the general meeting of fund share holders
Conditions and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulations
If the amendment of the rules results in the cancellation or change of the relevant contents, the Fund Manager and the Fund Custodian shall reach an agreement and propose
After the previous announcement, this part can be modified and adjusted directly without convening a general meeting of fund share holders
consideration.
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Part IX Conditions and Procedures for Replacement of Fund Manager and Fund Custodian
1、 Termination of duties of the Fund Manager and the Fund Custodian
（1） Circumstances of termination of the Fund Manager's duties
Under any of the following circumstances, the duties of the fund manager shall be terminated:
1. Having been disqualified from fund management according to law;
2. Dismissed by the general meeting of fund unit holders;
3. It is dissolved, canceled or declared bankrupt according to law;
4. Other circumstances stipulated by laws and regulations, CSRC and the Fund Contract.
（2） Circumstances of the termination of the duties of the Fund Custodian
Under any of the following circumstances, the duties of the Fund Custodian shall be terminated:
1. The fund custody qualification is canceled according to law;
2. Dismissed by the general meeting of fund unit holders;
3. It is dissolved, canceled or declared bankrupt according to law;
4. Other circumstances stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Procedures for replacement of the Fund Manager and the Fund Custodian
（1） Replacement procedure of fund manager
1. Nomination: the new fund manager shall be held by the fund custodian or by the fund custodian alone or jointly more than 10% (including 10%)
Nomination of fund unit holders of fund units;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Manager
A resolution is formed by the fund manager of
More than two thirds (including two thirds) of the votes are passed, and the resolution shall come into force as of the date of voting;
3. Temporary Fund Manager: The CSRC shall designate a temporary fund manager
Financial administrator;
4. Filing: the resolution of the General Meeting of Fund Unitholders to change the Fund Manager must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Manager, the Fund Custodian shall change the Fund shares of the Fund Manager
After the resolution of the general meeting of shareholders takes effect, it shall be announced in the specified media as required;
6. Handover: If the responsibilities of the fund manager are terminated, the fund manager shall properly keep the fund management business assets
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To handle the transfer procedures of fund management business to the temporary fund manager or the new fund manager in a timely manner
The Fund Manager or the new Fund Manager shall take over in a timely manner. New Fund Manager or Temporary Fund Manager
The total value and net value of the Fund's assets shall be checked with the Fund Custodian;
7. Audit: if the duties of the fund manager are terminated, the fund manager shall employ an accountant in accordance with laws and regulations
The Institute shall audit the fund assets, announce the audit results, and report to the CSRC for filing. audit
The expenses shall be disbursed from the fund assets;
8. Change of fund name: after the change of fund manager, if the original or new fund manager requires,
The name words related to the original fund manager in the fund name shall be replaced or deleted as required.
（2） Procedures for replacing the Fund Custodian
1. Nomination: The new Fund Custodian shall be held by the Fund Manager or by the Fund Manager alone or jointly more than 10% (including 10%)
Nomination of fund unit holders of fund units;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Custodian
The Fund Custodian of
More than two thirds (including two thirds) of the votes are passed, and the resolution shall come into force as of the date of voting;
3. Temporary Fund Custodian: Before the new Fund Custodian is appointed, the CSRC shall appoint a temporary fund custodian
Gold custodian;
4. Filing: the resolution of the general meeting of fund share holders to change the fund custodian must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Custodian, the Fund Manager shall change the Fund units of the Fund Custodian
After the resolution of the general meeting of shareholders takes effect, it shall be announced in the specified media as required;
6. Handover: Where the duties of the fund custodian are terminated, the fund custodian shall properly keep the fund assets and the fund custody business
Information, timely handle the transfer procedures of fund assets and fund custody business, and appoint a new fund custodian or temporarily
The Fund Custodian shall take over in a timely manner. The new fund custodian or temporary fund custodian checks with the fund manager
The total value and net value of the Fund's assets;
7. Audit: If the duties of the Fund Custodian are terminated, the Fund Custodian shall employ an accountant in accordance with laws and regulations
The Institute shall audit the fund assets, announce the audit results, and report to the CSRC for filing. audit
The expenses shall be disbursed from the fund assets.
（3） Conditions and procedures for simultaneous replacement of the Fund Manager and the Fund Custodian
1. Nomination: if the Fund Manager and the Fund Custodian change at the same time, the Fund will be held separately or jointly
Fund share holders with more than 10% (including 10%) of their total shares nominate new fund managers and fund custodians;
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2. The replacement of the Fund Manager and the Fund Custodian shall be carried out in accordance with the above procedures respectively;
3. Announcement: The new Fund Manager and Fund Custodian shall change the Fund Manager and Fund Custodian
After the resolution of the general meeting of fund unit holders of the custodian takes effect, it shall be jointly announced on the specified media as required.
3、 New or temporary fund manager accepts fund management business, or new or temporary fund custodian accepts
Before accepting the fund property and fund custody business, the original fund manager or the original fund custodian shall, in accordance with laws, regulations and
The provisions of the Fund Contract shall continue to perform relevant duties and have the obligation to assist the new/temporary fund manager or the new
The Fund Custodian/Temporary Fund Custodian shall hand over the Fund assets as soon as possible, and ensure that there will be no harm to the interests of the Fund Unitholders
Damage. The original fund manager or the original fund custodian still has the right to continue to perform relevant duties in accordance with the
The fund management fee or fund custody fee shall be charged according to the provisions of the gold contract.
4、 The provisions of this Part on the conditions and procedures for the replacement of the Fund Manager and the Fund Custodian
References to laws, regulations or regulatory rules, such as changes in laws, regulations or regulatory rules that result in relevant content being taken
In case of cancellation or change, the Fund Manager and the Fund Custodian may, after reaching an agreement through consultation and making an announcement in advance, directly
It is not necessary to hold a general meeting of fund share holders for deliberation.
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Part X Custody of the Fund
The Fund Custodian and the Fund Manager shall, in accordance with the Fund Law, the Fund Contract and other relevant provisions
Depository Agreement.
The purpose of entering into the custody agreement is to clarify the protection of fund assets between the fund custodian and the fund manager
Rights in management, investment operation, net value calculation, income distribution, information disclosure, mutual supervision and other related matters
Obligations and responsibilities to ensure the safety of fund assets and protect the legitimate rights and interests of fund share holders.
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Part XI Registration of Fund Units
1、 Registration business of fund units
The registration business of the Fund refers to the registration, custody, transfer, clearing and settlement business of the Fund
Including establishment and management of investor's fund account, registration of fund shares, confirmation and liquidation of fund sales business
And clearing, distributing dividends on behalf of others, establishing and keeping the register of fund share holders and handling non trading transfer.
2、 Fund registration business handling agency
The registration business of the Fund is conducted by the Fund Manager or other qualified institutions entrusted by the Fund Manager
However, the fund manager shall not be exempted from its responsibilities according to law due to the entrustment. Others entrusted by the fund manager
Where an institution handles the registration business of the Fund, it shall sign an agency agreement with the agent to specify the fund manager
And the agency in the investor's fund account management, fund share registration, clearing and fund transaction confirmation and issuance
Rights and obligations in matters such as dividend, establishment and custody of the register of fund share holders, and protection of fund share holders
The legitimate rights and interests of others.
3、 Rights of the Fund Registrar
The fund registration authority has the following rights:
1. Registration fee;
2. Establish and manage investor fund accounts;
3. To keep account opening information, transaction information and register of fund unit holders;
4. Within the scope permitted by laws and regulations, adjust the handling time and rules of registration business, and
Announce on the specified media before implementation in accordance with relevant regulations;
5. Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
4、 Obligations of the Fund Registrar
The fund registration authority shall undertake the following obligations:
1. Allocate enough professionals to handle the registration business of the Fund units;
2. Carry out the registration of the Fund units in strict accordance with the laws and regulations and the conditions specified in the Fund Contract
Service;
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3. Properly keep the registration data, and specify the name, identity information and fund units of fund unit holders
The detailed data shall be backed up to the institution recognized by the CSRC, and its storage period shall not start from the date of cancellation of the fund account
Less than 20 years;
4. Having the obligation to keep confidential the fund account information of the fund share holder
Investors or funds shall bear corresponding compensation liability for losses incurred, but judicial compulsory inspection and laws
Except for other circumstances stipulated by laws and regulations, the CSRC and the Fund Contract;
5. Handle non trading transfer business for investors and provide
Other necessary services;
6. Accept the supervision of the fund manager;
7. Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
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Part XII 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
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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.
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(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 AA credit rating for debt
The proportion of debt investment is not higher than 20% of the fund's credit debt assets, and the proportion of credit debt investment rated AA+is not
It is higher than 50% of the fund's credit bond assets, and the proportion of credit bond investment with AAA debt rating is not lower than the fund's credit
50% of debt assets. For credit bonds without debt rating, the above debt rating shall refer to the entity rating. fund
During the period of holding credit bonds, if their credit rating declines and they no longer meet the investment standards, they should be released in the rating report
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All of them will be sold within 3 months from the date of sale. The credit bonds referred to in the Fund include financial bonds (excluding policies
Financial bonds), corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, corporate bonds
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
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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
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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
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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 asset supports of the same original equity holder
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
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, private securities asset management products and other entities recognized by the CSRC are trading pairs
For 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 gold; 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;
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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
The fund investment proportion is caused by factors other than the fund manager, such as the merger of dynamic and securities issuers, changes in fund size, etc
If the investment proportion does not conform to the above provisions, the Fund Manager shall make adjustment within 10 trading days, but
Except for special circumstances stipulated by the CSRC. 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
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Agreement of the Fund 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.
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.
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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
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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 provisions of the Prospectus for details of matters such as cash and payments that have a significant impact on investors' rights and interests.
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Part XIII Assets 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.
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Part XIV Valuation of Fund Assets
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 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,
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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;
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(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.
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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 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 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 this Fund Contract shall deal with it in accordance with the following provisions:
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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
"Valuation error handling principle" shall pay compensation and bear compensation liability.
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;
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(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 is different
It is a common practice for both parties to negotiate in the principle of equality and protection of the interests of fund share holders.
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.
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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.
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Part XV 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 comes into force, but laws and regulations, China Securities
Unless otherwise stipulated by the CSRC;
5. Accounting fees, attorney fees, notarial fees and arbitration fees related to the Fund after the Fund Contract takes effect
And legal fees;
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 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
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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
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;
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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.
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Part XVI Income and Distribution of the Fund
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. As Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales
The service fees and the distributable profits corresponding to each type of fund share will be different. Each
1 The fund units shall 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 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
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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. See the prospectus for details
Definitely.
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Part XVII Accounting and Audit 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 less than 2 months, it can be incorporated into the next accounting year
Annual 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.
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Part XVIII Fund Information Disclosure
1、 The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures and the Information Disclosure Office
Law of the People's Republic of China, Liquidity Risk Management Regulations, Fund Contract and other relevant regulations. Relevant laws and regulations
In case of any change in the disclosure method, publishing media, reporting method and other provisions on information disclosure, the Fund shall
Latest regulations.
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.
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4、 The information publicly disclosed by the Fund shall be in Chinese. If a foreign language text is used at the same time, the fund
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 defines the rights and obligations of the parties to the Fund Contract
The rules and specific procedures for convening the general meeting of fund share holders, specifying the characteristics of the fund products and other matters related to fund investment
Legal documents on matters of major interests of the investors.
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. Information of the Fund Prospectus after the Fund Contract takes effect
In case of major changes, the Fund Manager shall update the Fund Prospectus and publish it within three working days
On the specified website; If other information in the prospectus changes, the fund manager shall update it at least annually
once. 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 fund custodian and the fund manager in the custody of the fund property and the operation of the fund
Legal documents on rights and obligations in supervision and other activities.
4. The fund product information summary is a summary document of the fund prospectus, which is used to provide investors with a brief summary
General information of the fund. After the Fund Contract comes into force, the information in the fund product information summary has changed significantly
Furthermore, the fund manager shall update the summary of fund product information within three working days and publish it in the regulations
Website and fund sales agency website or business outlet; 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,
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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 the subscription or redemption of fund units, the Fund Manager shall
The net value of various fund units and the cumulative net value of fund units shall be disclosed at least 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 base fund in the Fund Contract, Prospectus and other information disclosure documents
The calculation method of amount subscription and redemption price and relevant subscription and redemption rate, and ensure that investors can
The website or business outlet of the sales agency looks up or copies the above information.
（6） Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
(Including quarterly report of asset portfolio)
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
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On.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report
Periodic 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 of fund manager, fund custodian, fund share registration agency, and change of fund accounting firm
Office;
5. The fund manager entrusts the fund service agency to handle the registration, accounting and valuation of fund shares on its behalf
Matters: the Fund Custodian entrusts the Fund Service Institution to handle the accounting, valuation, review and other matters of the Fund on its behalf;
6. The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
7. The actual change of shareholders holding more than 5% of the equity by the Fund Manager and the change of the Fund Manager
Controller;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. Senior managers of the Fund Manager, the Fund Manager and the Special Fund Custodian Department of the Fund Custodian
The responsible person changes;
10. The directors of the Fund Manager have changed by more than 50% in the last 12 months; Fund manager
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The main business personnel of the special fund custody department of the fund custodian have changed by more than one percent in the last 12 months
Thirty;
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
Major administrative punishment and criminal punishment, and the fund custodian or the head of its special fund custody department
Business related behaviors are subject to major administrative and criminal penalties;
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. Withdrawal of fund management fee, fund custody fee, sales service fee, subscription fee, redemption fee and other fees
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. Major events involving the adjustment of fund subscription and redemption or potential impact on investor redemption of the Fund
matter;
22. The Fund Manager adopts the swing pricing mechanism for valuation;
23. The Fund adjusts the setting of fund share categories;
24. The Fund launches new businesses or services;
25. The price that the Fund Information Disclosure Obligor believes may be paid to the rights and interests of Fund Unitholders or Fund Units
Other matters that have a significant impact or other matters specified by the CSRC or agreed in the fund contract.
（8） Clarification announcement
During the duration of the Fund Contract, any public media or market circulation
The interest may have a misleading impact on the price of fund units or cause major fluctuations, and may damage the fund
If the rights and interests of unit holders are known, the relevant information disclosure obligor shall immediately publicly clarify the information.
（9） Resolution of the general meeting of fund share holders
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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.
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（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 prospectus. See the 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 comply with relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Determine the net asset value of the fund, the net value of various fund units and the subscription of various fund units prepared by the fund manager
Redemption price, regular fund report, updated prospectus, summary of fund product information, fund liquidation report
Review and review relevant fund information disclosed publicly, and submit it to the fund manager in writing or electronically
Confirm.
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
Business institutions shall prepare working papers and keep relevant files at least ten years after the termination of the Fund Contract.
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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.
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Part XIX Change and Termination of Fund Contract and Liquidation of 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 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 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;
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(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.
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Part XX Liability for Breach of Contract
1、 The Fund Manager and the Fund Custodian violate the Fund Law in the process of performing their respective duties
As stipulated in laws and regulations or the Fund Contract, losses are caused to fund assets or fund unit holders
Those who have caused damage shall be liable for compensation according to law for their respective acts; Fund assets or funds due to joint action
If the holder of the gold share causes damage, he shall bear joint and several liability for compensation, and the compensation for the loss shall be limited to direct
In case of losses, one party has the right to claim compensation from the other party according to the degree of fault of the other party after assuming joint and several liabilities. But if it happens
The party concerned shall be exempted from liability under the following circumstances:
1. Force majeure;
2. The Fund Manager and/or the Fund Custodian shall comply with the then effective laws and regulations or the regulations of the CSRC
Losses caused by acts or omissions;
3. Directly caused by the Fund Manager's investment or non investment in accordance with the investment principles specified in the Fund Contract
Loss, etc.
2、 To protect the interests of fund share holders to the greatest extent in the event of breach of contract by one or more parties
If the Fund Contract can continue to be performed, it shall continue to be performed. The non defaulting party is in office
Within the scope of responsibility, it is obliged to take necessary measures in time to prevent the expansion of losses. Failure to take appropriate measures resulted in
If the loss is further expanded, no claim may be made for compensation for the expanded loss. The non defaulting party paid for preventing the loss from expanding
The reasonable expenses incurred shall be borne by the defaulting party.
3、 Due to factors beyond the control of the Fund Manager and the Fund Custodian, business errors occur
Although the Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they fail to
If any error is found or cannot be avoided, resulting in loss of fund property or investors, the fund manager
And the Fund Custodian. However, the Fund Manager and the Fund Custodian shall actively take necessary measures
To eliminate or mitigate the impact caused thereby.
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Part XXI Dispute Settlement and Applicable Law
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).
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Part XXII Effect of Fund Contract
The Fund Contract is a legal document that stipulates the rights and obligations between the parties to the Fund Contract.
1. The Fund Contract has been sealed by the Fund Manager and the Fund Custodian and the legal representatives of both parties
Or the authorized representative shall sign or seal and handle the fund reserve with the CSRC through the fund manager after the end of the offering
The procedures of the case shall come into force upon the written confirmation of the CSRC.
2. The term of validity of the Fund Contract shall be from the date of its entry into force to the time when the liquidation results of the Fund assets are reported to the CSRC
Until the date of filing and announcement.
3. From the effective date of the Fund Contract, the Fund Manager, Fund Custodian and Fund Units
All parties to the Fund Contract including the holder shall have the same legal binding force.
4. The original of the Fund Contract is in triplicate. In addition to one copy submitted to the relevant regulatory authority, the Fund Manager
The Fund Custodian shall hold one copy each with the same legal effect.
5. The Fund Contract can be printed in a volume for investors to sell in the Fund Manager, Fund Custodian
Check the office and business premises of the institution.
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Part XXIII Other Matters
If there are any matters not covered in the Fund Contract, the parties to the Fund Contract shall consult with each other in accordance with relevant laws and regulations
It shall be settled through negotiation.
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Part XXIV Summary of Fund Contract
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
Benefits include but are 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. In accordance with the Fund Law, the Operation Measures and other relevant provisions
Services include but are 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;
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(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 Operation Measures and other relevant provisions
Including 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
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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
Including 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
The property shall seek benefits for itself 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) 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;
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(11) Perform information disclosure in strict accordance with the Fund Law, the Fund Contract and other relevant regulations
Disclosure 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 shall be insured before the public disclosure of fund information
Confidential information, which shall not be disclosed to others, except for the information provided to 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 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 in cooperation 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;
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(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 Operation Measures and other relevant provisions, the rights of the Fund Custodian include
Including 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 Operation Measures and other relevant provisions, the obligations of the Fund Custodian include
Including 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,
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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
The property seeks benefits for itself and any third party, and may not 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) In addition to the Fund Law, the Fund Contract and other relevant provisions
Unless otherwise specified, the fund information shall be kept confidential before public disclosure and shall not be disclosed to others
Except when requested by an external professional consultant;
(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 20 years
If laws and regulations or regulatory rules provide otherwise, their provisions shall prevail;
(12) Receive and keep the register of fund unit holders from the fund manager or its entrusted registration institution;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene the holding of fund units in accordance with the Fund Law, the Fund Contract and other relevant provisions
The National People's Congress or the Fund Manager and the Fund Unitholders shall convene the Fund Unitholders' Meeting 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
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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 shares that individually or collectively hold more than 10% (including 10%) of the total fund shares
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The amount holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) writes about the same matter
To request the convening of a general meeting of fund share 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 after receiving the written proposal,
And notify the Fund Custodian in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; If the Fund Manager decides not to convene the meeting and the Fund Custodian still considers it necessary, the Fund Custodian shall
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The fund 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 Fund Manager 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 after receiving the written proposal, and inform the proposed fund unit holders in writing
There are representatives and fund custodians. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; The Fund Manager decides not to convene, representing more than 10% (including 10%) of the Fund shares
If the amount holder still considers it necessary to hold the meeting, he 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 the proposed fund in writing
The holder's representative and the fund manager; If the Fund Custodian decides to convene the meeting, it shall issue a written decision from the date of issuance
Within 60 days from the date of the meeting, the Fund Manager shall be notified, and 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 at least 30 days in advance
Report to the CSRC for filing. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law
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.
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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
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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) The convener of the meeting shall publish the notice of the meeting in accordance with the Fund Contract, and within 2 working days
Continue to 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 time of holding the general meeting of fund unit holders of
Convene a new general meeting of fund unit holders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
One (including one third) or more fund share holders directly issue voting opinions or authorize others to issue voting opinions
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
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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 vote on it
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 organ.
（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
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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
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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
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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 unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at 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.
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（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
The service fees and the distributable profits corresponding to each type of fund share will be different. Each
1 The fund units shall 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
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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
Unless otherwise stipulated by the CSRC;
5. Accounting fees, attorney fees, notarial fees and arbitration fees related to the Fund after the Fund Contract takes effect
And legal fees;
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 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
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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
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
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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:
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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） 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;
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(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 asset supports of the same original equity holder
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, private securities asset management products and other entities recognized by the CSRC are trading pairs
For 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 gold; 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
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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
The fund investment proportion is caused by factors other than the fund manager, such as the merger of dynamic and securities issuers, changes in fund size, etc
If the investment proportion does not conform to the above provisions, the Fund Manager shall make adjustment within 10 trading days, but
Except for special circumstances stipulated by the CSRC. 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 this Fund Agreement
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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
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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
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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
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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
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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 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 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 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
"Valuation error handling principle" shall pay compensation and bear compensation liability.
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
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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
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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. 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
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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 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 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;
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(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.
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
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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.
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(This is the signature page of the One year Holding Period Hybrid Securities Investment Fund Contract of Changxin Ruili Income,
No text)
Fund manager: Changxin Fund Management Co., Ltd. (seal)
Legal representative or authorized representative (signature):
Fund Custodian: China Minsheng Bank Co., Ltd. (seal)
Legal representative or authorized representative (signature or seal):
Signed at:
Signed on:
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