Prospectus of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund
Fund Manager: Pengyang Fund Management Co., Ltd
Fund Custodian: Bank of China Limited
Prospectus
Important tips
According to the "Approval of Pengyang Pioneer for One Year Holding Period" issued by the China Securities Regulatory Commission on September 1, 2022
Reply to the Registration of Hybrid Securities Investment Funds (ZJXK [2022] No. 1987).
The Fund Manager guarantees that the contents of the Prospectus are true, accurate and complete. This Prospectus is registered with the CSRC,
However, the registration of the Fund raised by the CSRC does not indicate that it has made substantial contribution to the investment value and market prospects of the Fund
Judgment or assurance does not mean that there is no risk in investing in the Fund. The Fund Manager shall be scrupulous, honest and prudent
The principle of diligence is to manage and use the Fund's assets, but it does not guarantee that the investment in the Fund will be profitable, nor does it guarantee the minimum return.
Fund is different from bank savings and bonds. Investors may gain higher returns and may also lose their principal. investment
There are risks. The Fund Manager reminds investors of the principle of "buyer's responsibility" for fund investment. When investors subscribe or subscribe for funds, they should
Carefully read the fund contract, prospectus, fund product information summary and other information disclosure documents of the Fund, and make independent judgment on the basis of
The investment value of gold, make investment decisions independently, and bear investment risks independently. Investors need to fully understand the product features of the Fund
And bear all kinds of risks in fund investment. The possible risks of investing in the Fund include: market risk, management
Risk, liquidity risk, operational and technical risk, compliance risk, risk of termination of fund manager's duties, unique to the Fund
Risks and other risks, etc. The Fund is raised at an initial face value of 1.00 yuan. Under the influence of market fluctuations and other factors
The risk of the net value of the fund units falling below the initial face value of 1.00 yuan.
The past performance of the Fund does not predict its future performance. The performance of other funds managed by the fund manager does not constitute a new fund
Gold performance guarantee.
When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager may, after performing the corresponding procedures
To enable the side pocket mechanism, see the "Side pocket mechanism" section of the recruitment manual for details. During the implementation of the side pocket mechanism, the fund manager
The short name of the fund will be specially marked, and the subscription and redemption of the side pocket account will not be handled. Please read the photo carefully
And pay attention to the specific risks when the Fund uses the side pocket mechanism.
The Fund is a hybrid fund with higher risks and returns than bond funds and money market funds and lower risks and returns than equity funds.
The Fund may invest in Hong Kong stocks, which are the underlying stocks of Hong Kong stocks, and shall bear exchange rate risk and overseas market risk.
The Fund sets a holding period of 365 days for each fund unit transferred by subscription/subscription/conversion. For holding
The Fund Manager will not confirm any application for redemption or transfer out of fund units whose holding period has not expired.
The Fund may choose to invest some of its assets according to the needs of its investment strategy or the changes in the market environment of different allocation places
Listed on the Stock Exchange of Hong Kong under the trading interconnection mechanism between the mainland and Hong Kong stock markets
Or choose not to invest the fund assets in Hong Kong stocks
Prospectus
It is not necessary to invest in Hong Kong stocks. Investing in the underlying stocks of Hong Kong Stock Connect may expose the Fund to the consequences of the trading mechanism of Hong Kong Stock Connect
Unique risks brought by differences in investment environment, investment object, market system and trading rules, including but not limited to: Hong Kong shares
Risk of large fluctuation of market share price
The price may show more drastic stock price fluctuations than A shares), exchange rate risk (exchange rate fluctuations may affect the investment income of the Fund
Loss), possible risks caused by inconsistent trading days under the Hong Kong Stock Connect mechanism (in the case of the opening of the mainland market and the closing of the Hong Kong market, Hong Kong
Stock Connect cannot be traded normally, and Hong Kong shares cannot be sold in time, which may bring some liquidity risk). See recruitment for details
Chapter "Risk Disclosure" in the book.
The Fund may invest in depositary receipts. If it invests in depositary receipts, the net value of the Fund may be subject to price fluctuations of overseas underlying securities of depositary receipts
Dynamic impact, risks related to overseas underlying securities of depositary receipts, and risks related to the issuance mechanism and trading mechanism of depositary receipts can
It can directly or indirectly become the risk of the Fund.
The Fund can invest in stock index futures and treasury bond futures. If it invests, the futures will adopt the margin trading system
The transaction is leveraged. In case of adverse market conditions, minor changes in relevant market conditions may cause greater losses to investors' equity
Losses. Futures adopt the daily debt free settlement system. If the margin is not replenished within the specified time, it will be forced
Closing positions may cause significant losses to investment. The Fund can invest in stock options. If it invests, it may face risk package
Including but not limited to liquidity risk, price risk, operational risk, etc., which may cause significant losses to the investment. See recruitment for details
Chapter "Risk Disclosure" of the Manual. To hedge credit risk, the Fund may invest in credit derivatives
Investment in derivatives may face liquidity risk, repayment risk and price fluctuation risk. See the Prospectus for details
Chapter "Risk Disclosure".
The Fund may invest in asset-backed securities. If it invests, asset-backed securities may face credit risk, interest rate risk
Liquidity risk, prepayment risk, operational risk, legal risk and other risks, which may increase the fluctuation of the net value of the Fund
Sex.
Fund voluntary liquidation risk. After the fund contract comes into effect, the number of fund share holders is less than 200 for 50 consecutive working days
If the net asset value of the fund is less than 50 million yuan, the fund manager will terminate the fund contract and
Liquidation shall be carried out according to procedures, and it is not necessary to hold a general meeting of fund share holders to vote on this matter.
Prospectus
catalog
Part I Introduction one
Part II Definitions two
Part III Fund Manager seven
Part IV Fund Custodian fifteen
Part V Relevant Service Organizations seventeen
Part VI Fund Raising nineteen
Part VII Effectiveness of the Fund Contract twenty-four
Part VIII Subscription and Redemption of Fund Units twenty-five
Part IX Investment of the Fund thirty-seven
Part X Assets of the Fund forty-seven
Part XI Valuation of Fund Assets forty-eight
Part XII Income and Distribution of the Fund fifty-five
Part XIII Fund Fees and Taxes fifty-seven
Part XIV Accounting and Audit of the Fund sixty
Part XV Information Disclosure of the Fund sixty-one
Part XVI Side pocket mechanism sixty-eight
Part XVII Risk Disclosure seventy
Part XVIII Change and Termination of the Fund Contract and Liquidation of the Fund Assets seventy-seven
Part XIX Summary of the Fund Agreement seventy-nine
Part XX Summary of the Fund Custody Agreement eighty
Part XXI Services for Fund Unitholders eighty-one
Part XXII Deposition and Reference Methods of Prospectus eighty-three
Part XXIII Documents for future reference eighty-four
Annex I Summary of the Fund Contract eighty-five
Annex II Summary of the Fund Custody Agreement one hundred and one
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Part I Introduction
Prospectus of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund (hereinafter referred to as the Prospectus or
This Prospectus) is issued in accordance with the Securities Investment Fund Law of the People's Republic of China (hereinafter referred to as the Fund Law)
Measures for the Operation and Management of Securities Investment Funds (hereinafter referred to as the "Operation Measures"), Supervision of Publicly Offered Securities Investment Fund Sales Institutions
Supervision and Management Measures (hereinafter referred to as "Sales Measures"), Management Measures for Information Disclosure of Publicly Raised Securities Investment Funds (hereinafter referred to as "Management Measures")
"Information Disclosure Measures"), "Provisions on the Management of Liquidity Risk of Publicly Offered Open ended Securities Investment Funds" (hereinafter referred to as "Current
Dynamic Risk Management Regulations) and other relevant laws and regulations as well as Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund
Prepare the Fund Contract (hereinafter referred to as the Fund Contract or the Fund Contract).
The Fund Manager promises that this Prospectus does not contain any false records, misleading statements or major omissions, and that it is true
Assume legal responsibility for authenticity, accuracy and integrity.
Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund (hereinafter referred to as the Fund or the Fund) is based on this recruitment
The materials specified in the prospectus apply for the offering. The Fund Manager has not entrusted or authorized any other person to provide information
The information contained in the Prospectus, or any explanation or explanation of this Prospectus.
This Prospectus is prepared in accordance with the Fund contract of the Fund and has been approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC")
China Securities Regulatory Commission). A fund contract is a legal document that stipulates the rights and obligations between the parties to the fund contract. investor
When the Fund units are acquired in accordance with the Fund Contract, they become the Fund unit holders and the parties to the Fund Contract, who hold the Fund units
The behavior of the fund manager itself indicates his recognition and acceptance of the fund contract, and in accordance with the Fund Law, the fund contract and other relevant regulations
To enjoy rights and undertake obligations. If investors want to know the rights and obligations of fund share holders, they should consult the fund contract in detail.
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Part II Interpretation
In this prospectus, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: refers to Pengyang Pioneer one-year holding period hybrid securities investment fund
2. Fund Manager: Pengyang Fund Management Co., Ltd
3. Fund Custodian: refers to Bank of China Limited
4. Fund contract: refers to the "Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund Fund Contract" and the fund
Any valid amendment and supplement to the contract
5. Custody Agreement: refers to the one-year holding period of Pengyang Pioneer signed between the Fund Manager and the Fund Custodian for the Fund
Mixed Securities Investment Fund Custody Agreement and any effective amendments and supplements to the Custody Agreement
6. Prospectus or this Prospectus: refers to the Prospectus of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund
Prospectus and its updates
7. Summary of fund product information: refers to the fund product of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund
Material Summary and its update
8. The announcement on the sale of fund units: refers to the "Issuance of Fund Units of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund"
Sales Announcement
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. The Fund Law refers to the Fifth Meeting of the Standing Committee of the Tenth National People's Congress held on October 28, 2003
Adopted at the 30th Meeting of the Standing Committee of the Eleventh National People's Congress on December 28, 2012,
Implemented on June 1, 2013 and approved by the Standing Committee of the Twelfth National People's Congress on April 24, 2015
The 14th Meeting of the Standing Committee of the National People's Congress on Amending Seven Laws Including the Port Law of the People's Republic of China
The Securities Investment Fund Law of the People's Republic of China as amended by the Decision of
11. "Sales Measures": refer to the "Publicity Measures" issued by the CSRC on August 28, 2020 and implemented on October 1 of the same year
Measures for the Supervision and Administration of Securities Investment Fund Offering Sales Agencies and amendments made by the promulgating authority from time to time
12. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019 and implemented on September 1 of the same year,
Public Offering, as amended by the Decision of the CSRC on Amending Some Securities and Futures Regulations on March 20, 2020
Administrative Measures for Information Disclosure of Securities Investment Funds and amendments made by the promulgating authority from time to time
13. Operation Measures: refer to the Public Offering issued by the CSRC on July 7, 2014 and implemented on August 8 of the same year
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Measures for the Operation and Management of 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 and implemented on October 1 of the same year
Provisions on Liquidity Risk Management of Public Offering Open ended Securities Investment Funds and amendments made by the promulgating authority from time to time
15. China Securities Regulatory Commission: China Securities Regulatory Commission
16. Banking regulatory authority: refers to the People's Bank of China and/or the China Banking and Insurance Regulatory Commission
17. Parties to the Fund Contract: legal owners who are bound by the Fund Contract and enjoy rights and assume obligations under the Fund Contract
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, are legally registered in the People's Republic of China and
Enterprise legal person, public institution legal person, social organization or other organizations existing or established and existing with the approval of relevant government departments
20. QFII: refers to qualified foreign institutional investors and RMB qualified foreign institutional investors
The Measures for the Administration of Securities and Futures Investment and relevant laws and regulations stipulate that the funds from abroad are used for domestic securities and futures investment
Foreign institutional investors, including qualified foreign institutional investors and RMB qualified foreign institutional investors
21. Investors, investors: refers to individual investors, institutional investors, qualified foreign investors, as well as laws, regulations or
The collective name of other investors allowed by the CSRC to purchase securities investment funds
22. Fund share holders: refer to investors who legally acquire fund shares in accordance with the fund contract and prospectus
23. Fund sales business: refers to the fund manager or sales agency opening a fund trading account for investors to promote the basic
Fund, handling the sale, subscription, redemption, conversion, custody transfer, regular and quota investment of fund units and providing fund transaction account letter
Information inquiry and other businesses
24. Sales agency: refers to Pengyang Fund Management Co., Ltd. and the company that complies with the Sales Measures
The agency registered, obtained the qualification of fund sales business, signed a fund sales service agreement with the fund manager, and handled the fund
Sales organization
25. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including investor funds
Establishment and management of accounts, registration of fund shares, confirmation, clearing and settlement of fund sales business, agency distribution of dividends
Establish and maintain the register of fund unit holders and handle non trading transfer, etc
26. Registration agency: refers to the agency that handles registration business. The registration authority of the fund is Pengyang Fund Management Co., Ltd. or
Agency entrusted by Pengyang Fund Management Co., Ltd. to handle registration business
27. Fund account: refers to the fund opened by the registration institution for investors, which records the funds held by them and managed by the fund manager
Account of share balance and its change
28. Fund transaction account: refers to the account opened by the sales agency for the investor, recording the investor's subscription through the sales agency
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Account of fund unit change and balance caused by subscription, redemption, conversion, custody transfer, fixed investment and other businesses
29. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract, and the fund management
The date on which the person has completed the fund filing procedures with the CSRC and obtained the written confirmation from the CSRC
30. The termination date of the fund contract refers to the date when the fund assets are liquidated after the causes for the termination of the fund contract specified in the fund contract occur,
The date on which the liquidation results are reported to the CSRC for filing and announced
31. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, which shall not exceed 3
Months
32. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
33. Start date: for each subscription unit, it refers to the effective date of the fund contract; For the start of each subscription share
Date means the date on which the application for subscription of such fund units is confirmed; The starting date of each transferred unit refers to the conversion of the fund unit
Date of confirmation of transfer in application
34. Holding period: for each fund unit, holding period refers to
The date of confirmation of the application for subscription of gold units (for subscription units) or the date of confirmation of the application for conversion of fund units (for conversion conversion
In terms of income shares) 365 days
35. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
36. T day: refers to the open day on which the sales institution accepts the subscription, redemption or other business applications of investors at the specified time
37. T+n day: refers to the nth working day from T day (excluding T day)
38. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units. If the working day is
If it is not a trading day of the Hong Kong Stock Connect, the Fund has the right not to open subscription, redemption and other businesses, and make an announcement in accordance with regulations.
39. Opening Hours: refers to the time period when the fund accepts subscription, redemption or other transactions on the open day
40. Hong Kong Stock Connect: refers to the securities trading service set up by the mainland stock exchange entrusted by mainland investors to mainland securities companies
And declare to the Stock Exchange of Hong Kong to buy and sell stocks listed on the Stock Exchange of Hong Kong within the specified scope
41. Credit derivatives: refer to those that comply with the relevant business rules of the stock exchange or the inter-bank market and are specifically used to manage credit risk
Credit derivatives of insurance
42. Credit protection buyer: also called credit protection buyer, refers to the party receiving credit risk protection
43. Credit protection seller: also called credit protection provider, refers to the party providing credit risk protection
44. Nominal principal: also called transaction nominal principal, refers to the amount of credit risk protection provided for credit derivatives transactions
The payment and settlement of items are based on this amount
45. Business Rules: refers to the Open ended Fund Business Rules of Pengyang Fund Management Co., Ltd., which is to standardize fund management
The business rules on the registration of open-ended securities investment funds managed by the Fund Manager shall be jointly observed by the Fund Manager and investors
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46. Subscription: during the fund raising period, investors apply to purchase funds according to the fund contract and prospectus
Share behavior
47. Subscription: after the Fund Contract comes into effect, investors apply to purchase the Fund in accordance with the Fund Contract and the Prospectus
Share behavior
48. Redemption: after the Fund Contract comes into effect, the Fund Unitholders shall
The act of seeking to convert fund shares into cash
49. Fund conversion: refers to the conditions stipulated by the Fund Unitholders in accordance with the Fund Agreement and the then effective announcement of the Fund Manager,
Apply to convert the fund units of a fund managed by the fund manager held by him into other funds managed by the fund manager
Behavior of gold share
50. Transfer of custody: refers to the change of fund units held by fund unit holders between different sales agencies of the Fund
Operation of sales organization
51. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency to agree on the subscription date and deduction of each period
The amount and deduction method shall be automatically completed by the sales agency in the bank account designated by the investor on the agreed deduction date of each period
An investment method for fund subscription application
52. Massive redemption: refers to the net redemption application of the Fund on a single open day (the total number of redemption application units plus the fund transfer
The balance after deducting the total number of subscription application units and the total number of transfer in application units in fund conversion)
More than 10% of the total fund shares of the previous working day
53. RMB: refers to RMB
54. Fund income: refers to dividend, dividend, bond interest, price difference of securities, bank deposit interest
Other legal income realized and cost and expense savings arising from the use of fund assets
55. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, fund receivables and others
Total value of assets
56. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
57. 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
58. Fund asset valuation: It refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets and fund shares
The process of net amount
59. Regulated media: national newspapers and periodicals that meet the conditions specified by the CSRC for information disclosure and "Information
Internet websites specified in the Disclosure Measures (including the fund manager website, the fund custodian website, and the fund electricity of the CSRC)
Sub disclosure website) and other media
60. Liquidity restricted assets: refer to assets that cannot be priced at a reasonable price due to laws and regulations, supervision, contracts or operational barriers
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Assets to be realized, including but not limited to reverse repurchase and bank fixed deposits (including
Bank deposits that are conditionally withdrawn in advance as agreed upon in the negotiation), suspended shares, new shares with restricted circulation and non-public issuance of shares and assets
Supporting securities, bonds that cannot be transferred or traded due to the issuer's debt default, etc
61. Swing pricing mechanism: refers to the party that adjusts the net value of fund units when open-end funds are subject to large purchase and redemption
Formula, allocate the market shock cost of the fund's adjusted portfolio to the investors who actually subscribe and redeem, so as to reduce the stock
The adverse impact on the interests of fund share holders to ensure that the legitimate rights and interests of investors are not damaged and are treated fairly
62. Type of Fund Units: The Fund may, according to the different collection methods of subscription fees, subscription fees and sales service fees
Fund units are divided into different categories. Different fund codes are set for each type of fund unit, and each type of fund is calculated and published separately
Net value of units and cumulative net value of various fund units
63. Sales service fee: It refers to the amount withdrawn from the fund property and used for the market promotion and sales of the fund and the holding of fund units
Fees for attended services
64. Class A fund shares: the subscription/purchase fees are charged when the investor subscribes/subscribes, but not from the fund assets of this class
If the sales service fee is accrued in, it is called Class A fund share
65. Class C fund units: no subscription/purchase fee is charged when investors subscribe/purchase, but the fund assets of this class
If the sales service fee is accrued in, it is called Class C fund share
66. Side pocket mechanism: refers to the separation of specific assets in the fund portfolio from the original account to a special account for processing
The purpose of liquidation is to effectively isolate and defuse risks and ensure that investors are treated fairly. It belongs to liquidity risk management
With. During the implementation of the side pocket mechanism, the original account is called the main pocket account and the special account is called the side pocket account
67. Specific assets: including: (I) no active market price to refer to and fair value still caused by valuation techniques
Assets with significant uncertainty; （2） The asset value still exists due to the measurement at amortized cost and provision for asset impairment
Assets with significant uncertainty; （3） Other assets with significant uncertainty in value
68. Force majeure: refers to objective events that cannot be foreseen, avoided and overcome by the parties to the fund contract
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Part III Fund Manager
1、 Overview of the Fund Manager
Name: Pengyang Fund Management Co., Ltd
Address: Room 302, Floor 3, No. 120, Qixia Road, China (Shanghai) Pilot Free Trade Zone
Office address: 16/F, Xicheng Jinmao Center, A2 Fuxingmenwai Street, Xicheng District, Beijing
Postal code: 100045
Legal representative: Yang Aibin
Date of establishment: July 6, 2016
Approval authority and approval document number: CSRC ZJXK [2016] No. 1453
Organizational form: limited liability company
Registered capital: RMB 118 million
Duration: continuous operation
Contact: Ji Rui
Tel: 400-968-6688
2、 Key personnel
1. Members of the Board of Directors of the Fund Manager
Mr. Fan Yonghong: Chairman, Doctor of Economics. Currently, he is the chairman of Pengyang Fund Management Co., Ltd. and China Securities Investment
Chairman of the Legal System and Self discipline Supervision Committee of the Fund Industry Association, Master Supervisor of Wudaokou School of Finance, Tsinghua University, China Finance Department
Adjunct professor of the Academy of Sciences. He used to be the secretary of the party committee and general manager of Huaxia Fund Management Co., Ltd., and Huaxia Fund (Hong Kong) Co., Ltd
Chairman of the Board of Directors and Chief Investment Executive Officer of China Life Asset Management Co., Ltd. Previously worked in the head office of China Construction Bank.
He also served as Vice President of China Securities Association and Vice President of China Fund Association.
Mr. Yang Aibin: Director, Master of Economics in International Finance, Fudan University. Current head of Pengyang Fund Management Co., Ltd
Manager. He used to be a loan officer of Shanghai Pudong Development Bank, and vice president of portfolio management department of Ping An Insurance (Group) Co., Ltd
Manager, fixed income investment director of Huaxia Fund Management Co., Ltd., chairman and general manager of Beijing Pengyang Investment Management Co., Ltd
Li.
Mr. Jiang Shan: Director, MBA, School of Business, Indiana University, USA. Currently, Shanghai Huashi Investment Co., Ltd
Executive director and general manager, independent director of Dingdong Health Technology Group Co., Ltd. Former auditor of Andersen Huaqiang Certified Public Accountants
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Accountant, internal auditor of Sara Lee, director of UBS Investment Bank, executive director of Goldman Sachs Asia Limited,
Director of Texas Pacific Group and chief representative of Beijing Representative Office, investment bank of Morgan Stanley Huaxin Securities Co., Ltd
Director General Manager of the Bank.
Ms. Qiu Jun: Independent Director, MBA, Boston College, USA. Current Jin Yuxiangda (Shanghai) Enterprise Management
Chief Financial Officer of Limited Company. He used to be senior auditor and senior manager of Ernst&Young New York Branch, Ernst&Young Huaming
Senior Manager of Shanghai Branch of Certified Public Accountants, Chief Financial Officer of Blue Mountains Investment Consulting (Beijing) Co., Ltd.
Ms. Wang Hefei: Independent Director, Ph.D., Department of Finance, Stanford University Business School. Currently, Xijiao Liverpool University
Professor, Department of Finance, International Business School. He used to be an assistant professor in the Department of Finance of the Business School of the University of Illinois at Chicago, the United States, and the Federal Reserve
Bank of Chicago Visiting Economist, Tsinghua University School of Economics and Management Finance Department Visiting Scholar, China Investment Corporation
Visiting economist of Risk Management Department, associate professor and associate dean of the Department of Finance of Hanqing Research Institute of Renmin University of China, Renmin University of China
Professor of Finance, School of International Studies.
Mr. Dong Keyong: Independent Director, Doctor of Economics, Renmin University of China. Retired Professor of Renmin University of China
Vice President of the Social Insurance Institute, Vice President of the China Administrative System Reform Research Association, Independent Director of the National Endowment Insurance Company and Shenzhen
Director of Pinsheng Medical Research Institute Co., Ltd. Former vice president and president of the School of Labor and Personnel, Renmin University of China, and public management
President.
Ms. Wang Xuesong: Independent Director, Doctor of Finance, Renmin University of China. Current Zhongguancun Dahe M&A Research Institute
He is also an independent director of Sunshine Asset Management Co., Ltd. and a master tutor of Wudaokou School of Finance, Tsinghua University. Former post
Deputy Director of the Fund Supervision Department and Deputy Director of the Market Department of the CSRC.
2. Members of the Board of Supervisors of the Fund Manager
Mr. Wang Hui: Supervisor, Bachelor of Economics, Jiangsu University. Current partner of Zhongyu Capital Management (Beijing) Co., Ltd
People, Chief Risk Control Officer. He used to be the accountant of China Huajing Electronics Group and the financial manager of Aihanhua Electronics (Wuxi) Co., Ltd,
Jiangsu Suya Certified Public Accountants South Branch Audit Manager, Beijing Zhongxing Microelectronics Co., Ltd. Financial Manager, Wuxi Donglin Club
Partner of accounting firm, partner of Lianda Certified Public Accountants (special general partnership). Mr. Wang Hui is now a Beijing Note
Expert member of Economic Responsibility Audit Professional Committee of CPA Association and director of Beijing Institute of Chief Accountants.
Ms. Ji Rui: Supervisor (employee supervisor), Bachelor of Management, University of International Business and Economics. Current Pengyang Fund Management Co., Ltd
Director of the Company's Supervision and Audit Department. Previously served as auditor of the financial audit department of Ernst&Young Huaming Certified Public Accountants, and KPMG Huazhen Certified Public Accountants
Assistant Manager of Risk Consulting Department and Senior Manager of Legal Compliance Department of Hillhouse Capital Management Co., Ltd.
Ms. Cao Zheng: Supervisor (staff supervisor), Bachelor of Economics, Peking University. Current personnel of Pengyang Fund Management Co., Ltd
Director of Resources and Administration Department. He used to be a clerk of the Supervision Bureau of State Grid Corporation of China, and a member of Beijing Kedu Integrated Creative Consulting Co., Ltd
Assistant, HR Specialist of Sony Ericsson (China) Co., Ltd., HR Manager of Microsoft Asia Research Institute, Beijing Pengyang Investment
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Managing the Director of Human Resources and Administration Department of the Company.
3. Senior management
Mr. Yang Aibin: General Manager, Master of Economics in International Finance, Fudan University. Former credit officer of Shanghai Pudong Development Bank
Member, Deputy General Manager of Portfolio Management Department of Ping An Insurance (Group) Co., Ltd., fixed by Huaxia Fund Management Co., Ltd
Director of Income Investment, Chairman and General Manager of Beijing Pengyang Investment Management Co., Ltd.
Mr. Zhu Guoqing: Deputy General Manager and Chief Investment Officer of Stocks, Master of Economics of Fudan University. Former Guohai Franklynch
Director of Equity Investment of Golden Management Co., Ltd., Senior Vice President of Fortun Investment Management (Shanghai) Co., Ltd., China Equity Investment
Director, Deputy General Manager and Director of Equity Investment of Shanghai Liuhe Investment Co., Ltd., Franklin Templeton Investment Management (Shanghai)
Managing Director of China Equity and Director of Portfolio Management of the Company.
Mr. Song Zhen: Inspector General, Bachelor of Science, School of Mathematics, Peking University, Double Bachelor of Economics, China Economic Research Center, Beijing
Master of Engineering, School of Information Science and Technology, Peking University. Former engineer of Schlumberger Ltd, Longyi Chuangfu Consulting Co., Ltd
Vice President of the Company, Chief Staff Member of Beijing Regulatory Bureau of China Securities Regulatory Commission.
4. Proposed Fund Manager of the Fund
Mr. Zhao Shihong: General Manager of the Equity Investment Department, Master of Finance, Peking University. Former Bank of China Fund Management Co., Ltd
Industry researcher, researcher and fund manager assistant of E Fund Management Co., Ltd., fund manager of Dacheng Fund Management Co., Ltd
Li. Pengyang Jingwo Six month Holding Period Hybrid Securities Investment Fund Fund Manager (March 20, 2020 to July 2022
April 13), Pengyang Jingsheng Flexible Allocation Hybrid Securities Investment Fund Manager (since January 4, 2019)
Pengyang Jingxin Hybrid Securities Investment Fund Manager (since May 22, 2019), Pengyang Jingrui three-year regular
Fund manager of hybrid securities investment fund (since February 19, 2020), Pengyang Jingke hybrid securities investment fund
Gold Fund Manager (since April 10, 2020), Pengyang Digital Economy Pioneer Hybrid Securities Investment Fund Manager
(Served since September 7, 2021), Pengyang Competitiveness Pioneer one-year holding period hybrid securities investment fund manager (2021
From December 21, 2006), Pengyang Fengrong Value Pioneer One year holding period hybrid securities investment fund manager (2022
March 25, 2006).
5. Members of the Stock Investment Decision making Committee
The members of the Company's stock investment decision-making committee are as follows:
Mr. Zhu Guoqing: Deputy General Manager and Chief Investment Officer of Stocks, Chairman of the Stock Investment Decision making Committee, Manager of Fudan University
Master of Economics. He used to be the director of stock investment of Guohai Franklin Fund Management Co., Ltd., and Fulton Investment Management (Shanghai) Co., Ltd
Senior Vice President of the Company, China Stock Investment Director, Deputy General Manager and Equity Investment Director of Shanghai Liuhe Investment Co., Ltd., Fu
Managing Director of China Equity and Director of Portfolio Management of Franklin Templeton Investment Management (Shanghai) Co., Ltd.
Mr. Yang Aibin: General Manager, Master of Economics in International Finance, Fudan University. Former credit officer of Shanghai Pudong Development Bank
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Member, Deputy General Manager of Portfolio Management Department of Ping An Insurance (Group) Co., Ltd., fixed by Huaxia Fund Management Co., Ltd
Director of Income Investment, Chairman and General Manager of Beijing Pengyang Investment Management Co., Ltd.
Mr. Zhao Shihong: General Manager of the Equity Investment Department, Master of Finance, Peking University. Former Bank of China Fund Management Co., Ltd
Industry researcher, researcher and fund manager assistant of E Fund Management Co., Ltd., fund manager of Dacheng Fund Management Co., Ltd
Li.
Mr. Deng Binbin: Deputy Director of the Equity Investment Department, Master of Finance in the Graduate Department of the People's Bank of China. Previously worked as SDIC Ruiyinji
Researcher, fund manager assistant, investment manager, fund manager of Gold Management Co., Ltd., research of Huaxia Fund Management Co., Ltd
Member, Fund Manager, Investment Manager of Baiyi Capital Management Co., Ltd.
Mr. Zhang Yanpeng: Executive General Manager of Special Account Investment Department, Master of Finance of Xi'an Jiaotong University. Former Shanghai United Capital
Senior analyst of Credit Rating Department, Investment Manager of Investment Department of Western Securities Co., Ltd., Zhuque Equity Investment Management
Deputy Investment Director of Investment Research Department of the Company Limited, Equity Investment Director and Department Manager of Public Offering Investment Department of Zhuque Fund Management Co., Ltd,
Investment Director and General Manager of Shanghai Quanshang Investment Management Co., Ltd.
6. None of the above personnel has close relatives.
3、 Responsibilities of the Fund Manager
1. Raise funds according to law, handle or entrust other institutions recognized by the securities regulatory authority under the State Council to handle
The sale, subscription, redemption and registration of fund units.
2. Go through the fund filing procedures.
3. The different fund assets under management shall be managed and accounted for separately for securities investment.
4. Determine the fund income distribution plan in accordance with the provisions of the fund contract, and distribute the income to the fund share holders in a timely manner.
5. Conduct fund accounting and prepare fund financial accounting report.
6. Prepare quarterly report, interim report and annual report.
7. Calculate and announce the net value of the fund, and determine the subscription and redemption prices of fund units.
8. To handle information disclosure matters related to fund property management business activities.
9. Convene a general meeting of fund unit holders.
10. Keep records, account books, statements and other relevant materials of fund property management business activities.
11. In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise their litigation rights or perform other legal acts.
12. Other duties stipulated by laws and regulations and the CSRC.
4、 Commitment of the Fund Manager
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1. The Fund Manager promises not to engage in any act in violation of the Securities Law of the People's Republic of China, and promises to establish a sound internal
To take effective measures to prevent violations of the Securities Law of the People's Republic of China.
2. The Fund Manager promises not to engage in any act in violation of the Fund Law, and promises to establish and improve the internal risk control system,
Take effective measures to prevent the following behaviors:
(1) Mixing the inherent property of the fund manager or the property of others with the fund property for securities investment;
(2) Unfairly treat different fund assets under management;
(3) Seeking benefits for a third party other than the fund unit holders by taking advantage of the fund property or position;
(4) Committing gains or bearing losses to fund share holders in violation of regulations;
(5) Embezzlement and misappropriation of fund assets;
(6) Disclose the unpublished information obtained for the convenience of his position, use the information to engage in, or express or imply that others engage in
Trading activities related to customs;
(7) Neglect of duty and fail to perform duties according to regulations;
(8) Other acts prohibited by laws, administrative regulations and the CSRC.
3. The Fund Manager promises to strictly abide by the Fund Agreement, establish and improve the internal control system, and take effective measures,
Prevent the occurrence of violations of fund contracts.
4. The Fund Manager promises to strengthen personnel management, strengthen professional ethics, and urge and restrict employees to abide by relevant national laws
Laws and regulations and industry norms, honesty, credit, diligence and responsibility.
5. The Fund Manager undertakes not to engage in any act prohibited by other laws and regulations.
5、 Fund manager commitment
1. In accordance with the relevant laws and regulations and the provisions of the Fund Agreement, and in line with the principle of prudence, seek the maximum
Benefits.
2. Do not take advantage of their positions to seek benefits for themselves, employees or any third party.
3. Do not disclose the business secrets related to securities and funds that are known during the term of office, and do not disclose the fund investments that have not been disclosed according to law
Information such as the fund investment plan, or the use of such information to engage in or express or imply that others engage in related trading activities.
4. Do not conduct securities trading in any form for any organization or individual other than the fund manager.
6、 Internal control system of fund manager
（1） Principles of internal control
1. Principle of soundness: internal control includes all businesses, departments or institutions and personnel at all levels of the company, and covers
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To decision-making, implementation, supervision, feedback and other aspects.
2. Principle of effectiveness: establish reasonable internal control procedures and maintain the internal control system through scientific internal control means and methods
Effective implementation.
3. Principle of independence: the responsibilities of each organization, department and post of the company remain relatively independent, and the company's fund assets and self owned assets
Separation of assets from other assets.
4. The principle of mutual restriction: the internal departments and positions of the company shall be set up with clear rights and responsibilities and mutual checks and balances.
5. Cost benefit principle: the company uses scientific management methods to reduce operating costs, improve economic efficiency
The reasonable control cost achieves the best internal control effect.
（2） Main contents of internal control
1. Control environment
The Board of Directors attaches great importance to the establishment of a sound corporate governance structure and internal control system, giving full play to independent directors and supervisors
To protect the interests of investors and the legitimate rights and interests of the company. The Company has established a risk management committee under the Board of Directors, which is responsible for
Check and evaluate the legality, compliance and risk status of the company's operation management and fund business operation, and supervise the company
Evaluate the effectiveness of the audit system, supervise the company's financial situation, evaluate the company's financial performance, and ensure the company's financial
The business operation complies with the requirements of laws and regulations and the prevailing accounting standards, and evaluates the company's risk management system and risks
Check the implementation of the management system and evaluate the risk management status of the company.
Under the leadership of the general manager, the company's management carefully implements the internal control strategy determined by the board of directors, in order to effectively implement the company
The Board of Directors has established an investment decision-making committee for the business policy and development strategy. The investment decision-making committee is the responsible foundation of the company
The highest authority for investment decision-making of the Fund determines the investment objectives and investments of the Fund in accordance with the Fund Contract and the relevant provisions of the Company
In principle, determine the procedures and authority settings for fund investment, review the investment strategy and asset allocation plan of the fund, and set the fund investment
Restrictive indicators of capital, etc.
In addition, the company has an inspector general who is fully responsible for the supervision and audit of the company, and is responsible for the legality
Conduct comprehensive inspection and supervision on compliance and rationality, participate in the company's risk control work, and report to the company in case of major risk events
The Chairman and the CSRC report.
2. Risk assessment
The Risk Management Committee and the Inspector General under the Board of Directors are responsible for evaluating the internal and external risks of the Company. The General Manager is subordinate to the General Manager
The Insurance Decision making Committee is responsible for providing opinions and suggestions on the risk monitoring, assessment and prevention of the company's daily operations and fund operations,
Review the company's risk control system and risk management process, and review the major emergencies and crises in the company's operation and management
Evaluate the situation, formulate crisis management plan and supervise the implementation. Each department of the company formulates its own work flow according to the specific situation
Process and risk control system, strengthen risk control, and control the risk within the minimum range.
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3. Control activities
The company has developed a strict control system for major businesses such as investment, accounting, technical system and human resources
Manufacturing activities include authorization control, self-control, separation of duties, physical control, performance evaluation, separation of assets, supervision and audit, etc
Procedures or measures.
According to its own business characteristics, the company has set up three internal control lines of progressive order, unified rights and responsibilities, and strict and effective defense: first, establish
The first monitoring defense line based on the target responsibility system of each post; Each post has formulated detailed operation process and defined the post
Responsibility. Before taking up their posts, personnel at all posts must declare that they know and promise to comply, and assume their own responsibilities within the scope of authorization; Second, establish
The second monitoring defense line of mutual supervision and balance between relevant departments and posts; The company establishes the transfer of important business processing credentials
And information communication system, and mutual supervision and balance between relevant departments and posts; Third, the Chief Inspector and the Supervision and Audit Department should be established to
The posts, departments, institutions and businesses comprehensively implement the third monitoring defense line of supervision feedback; Inspector General, Supervision and Audit
The department is independent of other departments and business activities, and strictly checks, feeds back and supervises the implementation of the internal control system.
(1) Investment control system
The investment decision-making committee is the highest investment decision-making body of the company, responsible for asset allocation and major investment decisions; Fund management
The management team is responsible for portfolio construction based on the asset allocation of the investment decision-making committee, and the fund manager leads the fund manager team to
Carry out daily investment operation within the scope of authority of fund contract and investment decision.
① Investment decisions are separated from implementation. Investment management decision-making function and transaction execution function are strictly separated, and centralized transaction is implemented
The Transaction Management Department shall implement all transactions in a centralized manner. Establish and implement a fair trade management system to ensure that all portfolios enjoy
There is a fair opportunity for transaction execution.
② Investment authorization control. Establish a clear investment decision-making authorization system to prevent decision-making beyond authority. The Investment Decision making Committee is responsible for
Formulate investment principles and examine and approve asset allocation ratio; The fund manager team is responsible for ensuring that
Determine and implement investment strategies, establish and adjust investment portfolios and issue investment orders. For operations beyond investment authority
Excessive strict approval procedures; The Transaction Management Department is responsible for transaction execution according to the instructions of the fund manager or the team members authorized by the fund manager
that 's ok.
③ Warning control. Set the warning line of investment proportion of various assets according to laws and regulations or company regulations, and the trading system is investing
When the proportion reaches a certain value before the limit proportion, an alarm will be given automatically.
④ Prohibitive control. According to laws, regulations and relevant provisions of the Company, the Fund is prohibited from investing in restricted securities and from
The act of being restricted. The trading system automatically prompts and restricts the above prohibitions through preset settings.
⑤ Monitoring and feedback. The Transaction Management Department monitors the investment behavior at the front line; The Risk Management Department shall carry out in-process monitoring; prison
The Audit Department shall conduct post inspection. If any abnormality is found during monitoring, it will be timely fed back and urged to adjust.
(2) Accounting control system
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① The working system of fund accounting and corresponding operation and control procedures have been established to ensure that accounting business has rules to follow.
② In accordance with the principle of mutual restriction, a review system of fund accounting business and mutual verification of relevant business with the custodian have been established
Check the supervision system.
③ In order to prevent overdraft risk in fund position management, a fund position management system has been formulated.
④ A sound file keeping system has been formulated.
(3) Technical system control system
To ensure the safe and stable operation of the technical system, the company manages the safe operation, data transmission and network security of hardware equipment
Management, software and hardware maintenance, data backup, information technology personnel operation management, crisis management, etc
System.
(4) Human resources management system
The company has established scientific recruitment and dismissal system, training system, assessment system, salary system and other personnel management systems
Ensure the effective management of human resources.
(5) Supervisory system
The company has set up a supervision and audit department to be responsible for the supervision of the company. The supervision system includes the investigation procedures and punishment of violations
Management system and supervision of employees' behavior.
4. Information communication
The company has established a two-way information exchange channel, forming a top-down information dissemination channel and bottom-up information reporting
Channels. Through the establishment of effective information exchange channels, the company's employees and managers at all levels can fully understand their duties
Responsible for relevant information, and timely deliver it to appropriate personnel for processing. According to the organizational structure and authorization system, the company has established
Clear business reporting system.
5. Internal monitoring
The company has set up a supervision and audit department independent of each business department to perform the functions of supervision and audit, inspect and evaluate the company's internal
Rationality, completeness and effectiveness of the department's control system, supervise the implementation of the company's internal control system, and reveal the company's internal management
Manage the relevant risks in the fund operation, put forward suggestions for improvement in a timely manner, and promote the effective implementation of the company's internal management system. supervision
The auditors are relatively independent, and regularly and irregularly issue supervision and audit reports.
6. Guidelines on Laws and Regulations
The company strictly implements the laws and regulations related to fund management and operates in strict accordance with the law. The Chief Inspector and the Supervision and Audit Department are responsible for internal
Supervise and inspect the legality and compliance of business activities and post behaviors of functional departments and employees of the department.
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Part IV Fund Custodian
1、 Overview of the Fund Custodian
Name: Bank of China Limited ("Bank of China")
Domicile and office address: No.1 Fuxingmennei Street, Xicheng District, Beijing
First registration date: October 31, 1983
Registered capital: RMB twenty-nine million four billion three hundred and eighty seven million seven hundred and ninety-one thousand two hundred and forty-one only
Legal representative: Liu Liange
Approval No. of fund custody business: ZJJZ [1998] No. 24 of China Securities Regulatory Commission
Contact person for information disclosure of custody department: Xu Jun
Fax: (010) 66594942
Customer service hotline of Bank of China: 95566
2、 Fund Custody Department and Key Personnel
The Custody Business Department of Bank of China was established in 1998 and now has more than 110 employees, most of whom are rich in banks
Working experience in securities, funds and trusts, and overseas work, study or training experience. More than 60% of employees have master's degrees
Above degree or senior professional title. In order to provide customers with professional custody services, Bank of China has carried out custody in domestic and overseas branches
Manage business.
As one of the first domestic commercial banks to carry out securities investment fund custody business, Bank of China owns securities investment funds
Fund (one to many, one to one), social security fund, insurance fund QFII、RQFII、QDII、 Overseas third class institutions and securities companies
Property management plans, trust plans, enterprise annuities, bank financial products, equity funds, private funds, fund custody and other categories
A complete and product rich trusteeship business system. In China, Bank of China is the first bank to carry out value-added services such as performance evaluation and risk analysis
As a leading large Chinese funded custodian bank in China, it provides various customers with personalized custody value-added services.
3、 Custody of securities investment funds
As of December 31, 2022, Bank of China has entrusted 1038 securities investment funds, including 989 domestic funds
There are 49 QDII funds, covering various types such as stock, bond, hybrid, currency, index and FOF
The fund has met the diversified investment and wealth management needs of different customers, and the fund custody scale is among the top in the industry.
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4、 Internal control system of custody business
The risk management and control work of the Custody Business Department of Bank of China is an integral part of the overall risk control work of Bank of China
Following the risk control concept of Bank of China, adhere to the principle of "standardized operation and steady operation". Risk of Bank of China Custody Business Department
Control work runs through all business links, through risk identification and assessment, risk control measures setting and system construction, internal and external inspection
Measures such as inspection and audit strengthened the risk control of the whole custody business.
Since 2007, Bank of China has continuously engaged external accounting firms to review the internal control of custody business.
It has successively obtained international mainstream internal control review criteria based on "SAS70", "AAF01/06", "ISAE3402" and "SSAE16"
Then the unqualified review report. In 2020, the Bank of China continued to acquire the "ISAE3402" and "SSAE16"
Internal control audit report of double standards. The internal control system of custody business of Bank of China is perfect and the internal control measures are strict, which can effectively guarantee
Security of assets under custody.
5、 Methods and procedures for the Custodian to supervise the Fund operated by the Manager
According to the Law of the People's Republic of China on Securities Investment Funds and the Administrative Measures for the Operation of Publicly Offered Securities Investment Funds
The Fund Custodian discovers that the investment instructions of the Fund Manager violate laws, administrative regulations and other relevant provisions, or
If it violates the provisions of the fund contract, it shall refuse to implement, notify the fund manager in a timely manner, and report to the securities regulatory authority under the State Council in a timely manner
Agency reports. If the Fund Custodian finds that the investment order of the Fund Manager that has become effective according to the transaction procedure violates the law and administration
Where laws, regulations or other relevant provisions are violated, the Fund Manager shall be notified in a timely manner and the State Affairs Department shall be informed in a timely manner
Report of the securities regulatory authority of the Institute.
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Part V Relevant Service Organizations
1、 Fund unit sales agency
1. Direct selling mechanism
(1) Pengyang Fund Management Co., Ltd. Direct Sales Counter
Office address: 1401-1405, Building 5, Yard 9, Greenland Global Culture and Finance City, Shijingshan District, Beijing
Legal representative: Yang Aibin
National unified customer service telephone: 400-968-6688
Contact: Shen Tuqingquan
Fax: 010-81922890
(2) Pengyang Fund Management Co., Ltd. Direct sale electronic trading platform
Customer service hotline: 400-968-6688
Official website: www.pyamc.com
2. Other sales organizations
For other sales agencies of the Fund, please refer to the selling agency publicized on the official website of the Fund Manager.
The Fund Manager may, in accordance with the requirements of relevant laws and regulations, select other institutions that meet the requirements to sell the Fund, and
Publicity on the administrator's website.
2、 Registration Authority
Name: Pengyang Fund Management Co., Ltd
Office address: 16/F, Xicheng Jinmao Center, A2 Fuxingmenwai Street, Xicheng District, Beijing
Legal representative: Yang Aibin
National unified customer service telephone: 400-968-6688
Contact: Han Huan
Fax: 010-81922891
3、 Law firm issuing legal opinion
Name: Shanghai Tongli Law Firm
Address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
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Office address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Person in charge: Han Jiong
Tel.: 021-31358666
Fax: 021-31358600
Handling lawyer: Chen Yinghua
Contact: Liming, Chen Yinghua
4、 Accounting firm
The legal capital verification agency of the Fund is Ernst&Young Huaming Certified Public Accountants (special general partnership).
Name: Ernst&Young Huaming Certified Public Accountants (Special General Partnership)
Address: Room 01-12, Floor 17, Ernst&Young Building, Oriental Plaza, No. 1, East Chang'an Street, Dongcheng District, Beijing
Office address: Room 01-12, Floor 17, Ernst&Young Building, Oriental Plaza, No. 1, East Chang'an Street, Dongcheng District, Beijing
Executive partner: Mao Anning
Tel: 010-58153000
Fax: 010-85188298
Handling CPA: Wang Shanshan, Wang Haiyan
Contact: Wang Haiyan
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Part VI Fund Raising
The Fund Manager shall, in accordance with the relevant provisions of the Fund Law, the Operation Measures, the Sales Measures and the Fund Contract,
And the "Reply on Approving the Registration of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund" (Certificate
JXK [2002] No. 1987).
1、 Fund name
Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund
2、 Fund type, operation mode and duration
1. Category of fund
Hybrid securities investment fund
2. Operation mode of the fund
Contractual and open. The holding period defined by the Fund is 365 days.
The Fund is open for subscription on every open day, but investors must at least hold the fund units transferred from each subscription/subscription/conversion
365 days. For each fund unit, the holding period refers to the period from the effective date of the fund contract (for subscription units, the same below)
The date of confirmation of the application for subscription of gold units (for subscription units, the same below) or the date of confirmation of the transfer of fund units (for conversion
For the transferred shares, the same below) has been completed for 365 days. Redemption application or transfer out application for fund units held for less than the holding period
Please, the fund manager will not confirm.
3. Duration of the Fund
Irregular
3、 Way and place of raising
It is publicly offered through the fund sales outlets of each sales agency or in other ways provided by the fund manager and the sales agency.
For the specific information and contact methods of the regions and outlets where the fund sales agency handles the fund sale business, please refer to the fund unit sale
Announcements and announcements of local fund sales agencies. The fund manager may change, increase or decrease the sales agencies according to the situation, and
Publicity on the gold manager's website.
4、 Raising objects and period
1. Raising objects
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Individual investors, institutional investors and qualified overseas investment that can invest in securities investment funds in accordance with laws and regulations
And other investors permitted by laws and regulations or the CSRC to purchase securities investment funds. The specific sales target is recruitment
The written statement, the fund unit offering announcement or the relevant announcement shall prevail.
2. Raising period
The raising period shall not exceed 3 months from the date of the sale of the fund units. See the announcement on the sale of the fund units for the specific time of sale.
5、 Raising scale limit
The Fund can set the upper limit of the raising scale. See the fund unit offering announcement or
Other announcements.
6、 Fund share category setting
The Fund divides the Fund units into Class A and Class C according to the different collection methods of subscription fees/subscription fees and sales service fees
Fund shares. Collect subscription/subscription fees when investors subscribe/subscribe, instead of withdrawing sales services from fund assets of this category
Service fees are called Class A fund shares. When investors subscribe/subscribe, they do not charge subscription/subscription fees, but
If sales service fees are accrued in assets, they are called Class C fund shares. Fund units that investors can choose to subscribe or subscribe for
No.
Fund codes are set for different types of fund units of the Fund, and the net value of each type of fund unit and each type of fund unit are calculated and announced respectively
Accumulated net value of fund units.
The specific setting and rate level of the relevant fund unit categories shall be determined by the fund manager. According to the operation of the fund
Without violating laws and regulations, the provisions of the fund contract and having no material adverse impact on the interests of fund share holders,
After performing appropriate procedures, the fund manager may add new fund share categories or stop existing fund share categories
The fund unit holders' general meeting is not necessary for the sale of the fund unit or the adjustment of the fund unit classification methods and rules, but the adjustment is implemented
The former fund manager shall timely announce and report to the CSRC for filing.
7、 Initial par value, subscription fees and subscription units of the Fund
1. Initial face value: RMB 1.00
2. Subscription fee
(1) Class A fund units of the Fund will be charged a subscription fee at the time of subscription, and the maximum subscription rate will not exceed 1.20%
The subscription amount increases and decreases. There is no subscription fee for Class C fund units of the Fund.
For Class A fund shares, the Fund subscribes pension customers through the direct sales counter and other non pension customers
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Customers implement different subscription rates. Pension clients refer to the national social security fund and the legally established basic pension insurance base
Fund, local social security fund that can invest in fund, enterprise annuity single plan and collective plan, enterprise annuity council
Entrusted asset management plans for specific clients, enterprise annuity pension products, occupational pension plans, pension security management products
And other pension clients who can invest in the fund. If there is housing provident fund that can be invested in the fund in the future, it will enjoy preferential tax
Huide individual pension account and other new pension fund types approved by the pension fund supervision department can be accepted by the fund manager
Included in the scope of pension customers.
The subscription rate of Class A fund units of the Fund is shown in the following table:
Subscription amount (M) Subscription rate of non pension customers
Subscription rate of pension customers
(Through direct sales counter)
M ＜ 1 million 1.20% 0.12%
1 million ≤ M ＜ 5 million 0.60% 0.06%
M ≥ 5 million RMB 1000 per transaction RMB 1000 per transaction
The Fund may offer preferential rates to investors who subscribe to the Fund through the Fund Manager's direct selling electronic trading platform. Please
See the relevant announcements issued by the Fund Manager at that time.
(2) The subscription fees of the Fund are not included in the Fund property, and are mainly used for the marketing, sales, registration, etc. of the Fund
The insufficient part of various expenses incurred during the raising period shall be disbursed from the operating costs of the fund manager.
(3) If the investor subscribes for many times, he/she shall be charged separately according to the corresponding rate grade of each subscription, that is, according to each subscription application
Please calculate the subscription fee separately.
3. Calculation of subscribed shares
(1) Fund subscription shall be in the form of "amount subscription and share confirmation". The subscription amount of the Fund includes the subscription fee and
Net Subscription Amount. The calculation result of subscription shares shall be reserved to two decimal places, and the part after two decimal places shall be rounded off,
The resulting errors are included in the fund assets.
(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 owned by the fund unit holders, of which the interest
The specific amount of interest transfer shares shall be subject to the records of the registration authority.
(3) Calculation formula and examples of subscribed shares
When the subscription fee corresponding to the subscription application of the investor is applicable to the proportional rate, the calculation formula of its subscription share is:
Net subscription amount=subscription amount ÷ (1+subscription rate)
Subscription fee=subscription amount - net subscription amount
Subscription units=(net subscription amount+subscription interest) ÷ initial face value of fund units
When the subscription fee corresponding to the investor's subscription application applies to a fixed amount, the formula for calculating the subscription share is:
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Net subscription amount=subscription amount - subscription fee
Subscription fee=fixed amount
Subscription units=(net subscription amount+subscription interest) ÷ initial face value of fund units
For example: an investor invests 100000 yuan to subscribe for the Fund. Assuming that the interest during the subscription period is 100 yuan, the investor subscribes
The fund shares available are:
Subscription 1 Subscription 2 Subscription 3
Type of investor Non pension customer Pension customer-
Type of subscribed fund units Class A Class A Class C
Subscription amount (yuan, a） 100,000.00 100,000.00 100,000.00
Applicable subscription rate (b) 1.20% 0.12% 0
Net subscription amount (yuan, c=a ÷ (1+b)) 98814.23 99880.14 100000.00
Subscription fee (yuan, d=a-c） 1,185.77 119.86 0
Net value of such fund units (yuan, e) 1.00 1.00 1.00
Interest during subscription period (yuan, f） 100.00 100.00 100.00
Subscription shares (shares, g=(c+f) ÷ e) 98914.23 99980.14 100100.00
For example: an investor invests 5 million yuan to subscribe for the Fund. Assuming that the interest during the subscription period is 5000 yuan, the investor will
The fund units available for purchase are:
Subscription1 Subscription2
Investor type --
Type of subscribed fund units Class A Class C
Subscription amount (yuan, a） 5,000,000.00 5,000,000.00
Subscription fee (yuan, b) 1000.00 0
Net subscription amount (yuan, c=a-b） 4,999,000.00 5,000,000.00
Net value of such fund units (yuan, e) 1.00 1.00
Interest during subscription period (yuan, f） 5,000.00 5,000.00
Subscription shares (shares, g=(c+f) ÷ e) 5004000.00 5005000.00
8、 Investor's subscription for fund shares
1. The subscription schedule of the Fund, the documents to be submitted and the procedures to be handled by investors for subscription will then be in accordance with the relevant regulations
The announcement will be made.
2. Subscription method
The Fund shall be subscribed in amount.
(1) When subscribing, investors shall pay in full in the way specified by the sales agency.
(2) Investors may subscribe for fund units several times during the offering period, and once the subscription is accepted, it cannot be revoked.
3. Subscription confirmation
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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 means that the sales agency actually receives it
Go to subscription application. The confirmation of the subscription application shall be subject to the confirmation result of the registration authority. Confirmation of subscription application and subscription shares
After the fund contract comes into effect, the investor shall inquire the final confirmation and effective confirmation at the sales outlet where the subscription business is handled
For share purchase, the fund manager and the sales institution shall not be obliged to notify the confirmation results, and any loss arising therefrom shall be borne by the investors
The investor shall bear the responsibility.
4. Subscription restrictions
During the fund raising period, investors will use the fund manager's direct selling electronic trading platform (currently only for individual investors
General) The minimum amount of initial subscription and additional subscription of the Fund units is 10 yuan; Investors through the Fund Manager
The minimum limit for a single subscription of the Fund units at the direct selling counter for the first time is RMB 50000, and the maximum limit for additional purchases of the Fund units is
The low amount is RMB 10.
If the sales institutions have other regulations on the minimum subscription limit and transaction level difference, the business regulations of the sales institutions shall prevail.
If each sales agency has not stipulated the minimum subscription limit and transaction level difference, the minimum limit of a single initial subscription and additional subscription is
RMB 10.
During the fund raising period, the cumulative subscription units confirmed by the registration authority to a single investor shall not reach or exceed the amount confirmed by the fund
50% of the total subscribed shares, and the registration authority will not confirm the subscribed shares in excess. The Fund Manager accepts a certain amount or certain amount
If the subscription application may lead investors to evade the above 50% ratio requirement in disguised form, the Fund Manager has the right to reject all or
Partial subscription application. Unless otherwise stipulated by laws and regulations, regulatory authorities or the fund contract.
9、 The funds raised during the fund raising period shall be deposited into a special account and shall not be used by anyone before the end of the fund raising.
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Part VII Effectiveness of the Fund Contract
1、 Conditions for Fund Filing
The total number of units raised in the Fund shall not be less than 200 million within three months from the date of sale of the Fund units
If the amount is not less than 200 million yuan and the number of fund subscribers is not less than 200, the fund raising period expires or the fund manager
In accordance with laws and regulations and the Prospectus, it may decide to stop the sale of funds, and employ a statutory capital verification agency to verify capital within 10 days
Within 10 days from the date of receiving the capital verification report, go through the fund filing procedures with the CSRC.
If the fund raising meets the requirements for fund filing, the fund manager shall complete the fund filing procedures and obtain the approval from the CSRC
The Fund Contract shall come into force from the date of written confirmation; Otherwise, the Fund Contract will not take effect. After the Fund Manager receives the Chinese Securities
The effectiveness of the Fund Contract shall be announced on the next day after the confirmation of the documents by the Regulatory Commission. The fund manager shall raise funds during the fund raising period
Before the fund raising is completed, no one may use the funds deposited in a special account.
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, and add the current deposit of the same period in the bank
interest;
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration. Fund manager
All expenses paid by the fund custodian and the sales institution for the fund raising shall be borne by each party.
3、 Number of fund share holders and asset size within the duration of the fund
After the Fund Contract comes into force, there are less than 200 fund share holders or fund funds for 20 consecutive working days
Where the net asset value is less than 50 million yuan, the fund manager shall disclose it in the regular report; Appears for 50 consecutive working days
In the case of the above circumstances, the Fund Contract shall be terminated without convening a general meeting of Fund Unitholders, and the Fund Manager shall promptly notify the Fund Custodian
Manage people.
Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
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Part VIII 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 explained by the fund manager in the recruitment
Listed in the book or the fund manager's website.
The Fund Manager may change or increase or decrease the sales institutions according to the circumstances, and publicize them on the Fund Manager's website. Fund investors shall
When fund units are handled at the sales agency's business premises or in other ways provided by the sales agency
Subscription and redemption.
2、 Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The fund manager handles the subscription and redemption of fund units on the open day, but holds each fund unit for less than 365 days
The Fund Manager will not confirm the redemption application of. The specific handling time of the opening day is Shanghai Stock Exchange and Shenzhen Securities
Trading hours on the normal trading day of the Exchange (if the trading day is not a Hong Kong Stock Connect trading day, the Fund has the right not to open subscription
Redemption and other businesses, and make an announcement as required), but the fund manager shall
Except for the announcement of suspension of subscription and redemption as agreed in the contract.
After the Fund Contract comes into effect, if there is a new securities and futures trading market, a change in the trading time of the securities and futures exchange or other
Under special circumstances, the Fund Manager will adjust the aforesaid opening days and opening hours as appropriate, but before the implementation date
Announce on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
2. Start date of subscription and redemption and business handling time
The Fund Manager may, in accordance with the actual situation, decide the specific date for the Fund to begin to handle the subscription and the specific business
The time shall be specified in the announcement of subscription start.
The Fund Manager shall handle redemption after the expiration of the holding period within 365 days from the effective date of the Fund Contract. Due to force majeure or
Other circumstances stipulated in the fund contract make it impossible for the fund manager to hold the fund on time after 365 days from the effective date of the fund contract
If the redemption business is open, it shall be postponed to the date when the factors affecting force majeure or other circumstances agreed in the fund contract are eliminated
Next business day. For each fund unit, the Fund Manager will not confirm the redemption application for which the holding period has not expired.
The fund manager may not handle the subscription, redemption or transfer of fund units on a date or time other than that specified in the fund contract
Replace. The investor submits an application for subscription, redemption or conversion on a date and time other than that specified in the fund contract, and the registration authority confirms that the application is accepted
If yes, the price of subscription and redemption of fund units shall be the price of subscription and redemption of fund units on the next open day.
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3、 Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption prices are based on the net value of fund units calculated after the closing of the application day
Calculate.
2. The principle of "amount subscription and share redemption" means that 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, redemption is carried out in the order of investors' subscription and subscription.
5. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure the cooperation of investors
Legal rights and interests shall not be damaged and shall be treated fairly.
The Fund Manager may adjust the above principles if permitted by laws and regulations. Fund managers must comply with the new regulations
Before the implementation, it shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
4、 Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must apply for subscription or redemption within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for.
2. Payment of subscription and redemption funds
When subscribing for fund units, the investor must pay the subscription amount in full before the specified time
The subscription is established by paying the subscription amount; 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; The redemption takes effect when the fund share registration institution confirms the redemption.
After the investor's redemption application takes effect, the fund manager will pay the redemption amount within T+7 days (including that day). In case of giant
In case of redemption or other circumstances under which redemption is suspended or payment of redemption funds is postponed as agreed in the fund contract, the payment method shall refer to
Handling of relevant provisions of the fund contract.
In case of data transmission delay, communication system failure, bank data exchange system failure or other non basic
If the factors that can be controlled by the fund manager and the fund custodian affect the business process, the time of redemption payment shall be postponed accordingly.
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 application for subscription or redemption
Day (T day), under normal circumstances, the Fund's registration authority will confirm the effectiveness of the transaction within T+1 day. T day
For the valid application submitted, the investor can go to the sales outlet counter after T+2 day (including that day) or
Query the confirmation of the application by other means. If the subscription is unsuccessful or invalid, the principal of the subscription amount shall be returned to the investor.
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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 means that the sales agency does
Request received. The confirmation of successful application for subscription and redemption shall be subject to the confirmation result of the registration authority. For the confirmation of the application,
Investors shall make timely inquiries and properly exercise their legal rights.
4. The Fund Manager may, within the scope permitted by laws and regulations and the Fund Contract, adjust the above business processing time
And announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation of the adjustment.
5、 Quantity limit of subscription and redemption
1. The cumulative shares of individual investors of the Fund (calculated on a consolidated basis for all types of fund shares) account for the total shares of the Fund (each type of fund shares
The proportion shall not reach or exceed 50% (due to redemption of fund units and other circumstances during the operation of the fund
Unless it reaches or exceeds the limit of this proportion). If a single investor's cumulative share accounts for the fund after a certain subscription
If the proportion of total shares reaches or exceeds the limit of the proportion, the Fund Manager has the right to confirm or not confirm the part of this subscription to ensure
The cumulative share of individual insurance policy investors in the total share of the fund is lower than the limit of this proportion. The fund manager may stipulate that individual investors
See the updated prospectus or relevant announcements for the specific provisions on the limit of the number of fund units held accumulatively.
2. The investor applies for the first time through the fund manager's direct selling electronic trading platform (currently only available to individual investors)
The minimum limit of a single purchase and additional purchase is 10 yuan. The investor applies for the first time through the fund manager's direct sales counter
The minimum amount of a single purchase is 50000 yuan, and the minimum amount of additional purchase is 10 yuan.
If any sales agency has other provisions on the minimum subscription limit and transaction level difference, the provisions of each sales agency shall prevail.
If each sales agency does not stipulate the minimum subscription limit and transaction level difference, the minimum limit of a single initial subscription and additional subscription is
RMB 10.
3. Investors can use the fund manager's direct selling electronic trading platform (currently only for individual investors) or fund management
When the manager redeems the fund units over the direct selling counter, he/she may apply for redemption of part or all of the fund units held by him/her
The single redemption shall not be less than 0.01 shares; The minimum balance of each type of fund unit account is 0.01 shares. If a certain redemption will lead to
When the balance of Class A and Class C fund units entrusted by the investor in the sales agency is less than 0.01, the redemption business shall include investment
The fund manager has the right to compulsorily redeem the remaining fund units of this type (holding
Except for fund units that have not expired).
If the sales institutions have other provisions on the redemption limit, the provisions of the sales institutions shall prevail.
If each sales institution does not stipulate the limit on redemption units, the single redemption of each type of fund unit shall not be less than 0.01; Basis of each type
The minimum balance of the gold share account is 0.01 shares. If a redemption is made, it will lead to the Class A and Class C bases that investors trust in the sales agency
When the balance of fund units is less than 0.01, the redemption business shall include all such fund units in the investor's account, otherwise
The fund manager has the right to compulsorily redeem the remaining part of such fund units (except for fund units whose holding period has not expired).
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4. When accepting the application for subscription has a potentially significant adverse effect on the interests of the holders of stock fund units, the fund manager
It shall set the upper limit of the amount of subscription of a single investor or the upper limit of the proportion of net subscription of a single day of the fund, reject large amount subscription, and suspend the fund
Measures such as gold subscription will effectively protect the legitimate rights and interests of the holders of stock fund units. Fund manager based on investment operation and risk
For the need of control, the above measures can be taken to control the fund size. See the relevant announcement of the Fund Manager for details.
5. The Fund Manager may, if permitted by laws and regulations, adjust the above specified subscription amount and the number of redeemed shares
Limitations. The fund manager must make an announcement on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the adjustment.
6、 Purchase and redemption prices, fees and calculation methods
1. Calculation of net value of fund units
The calculation of the net value of the Fund units shall be kept to 4 decimal places, and the fifth decimal place shall be rounded off
The profits or losses incurred shall be borne by the fund property. In order to avoid the interests of fund share holders being retained due to the decimal point of the net value of fund shares
The accuracy is adversely affected, and the fund manager can temporarily improve the accuracy of the net value of fund units, without the need for the accuracy of the net value of fund units
The adjustment items shall be announced. In case of large redemption, the net value of fund units shall be subject to the terms of large redemption. This fund is different
The fund code shall be set for the category fund units, and the net value of fund units and the cumulative net value of fund units shall be calculated and announced respectively. T day
The net value of fund units of is calculated after the close of the day and announced within T+1 days. In case of special circumstances, after performing appropriate procedures
Calculated or announced with appropriate delay.
2. Subscription rate
(1) Class A fund units of the Fund shall be charged a subscription fee at the time of subscription. The maximum subscription rate shall not exceed 1.50%, and
The subscription amount increases and decreases. There is no subscription fee for Class C fund units of the Fund.
For Class A fund shares, the Fund applies for pension customers through the direct sales counter and other non pension customers
Customers implement different subscription rates. Pension clients refer to the national social security fund and the legally established basic pension insurance base
Fund, local social security fund that can invest in fund, enterprise annuity single plan and collective plan, enterprise annuity council
Entrusted asset management plans for specific clients, enterprise annuity pension products, occupational pension plans, pension security management products
And other pension clients who can invest in the fund. If there is housing provident fund that can be invested in the fund in the future, it will enjoy preferential tax
Huide individual pension account and other new pension fund types approved by the pension fund supervision department can be accepted by the fund manager
Included in the scope of pension customers.
The subscription rate of Class A fund units of the Fund is shown in the following table:
Subscription amount (M) Subscription rate of non pension customers
Subscription rate of pension customers
(Through direct sales counter)
M ＜ 1000000 1.50% 0.15%
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1000000 ≤ M ＜ 5000000 0.80% 0.08%
M ≥ 5 million RMB 1000 per transaction RMB 1000 per transaction
(2) The Fund's subscription fees are not included in the Fund's assets and are mainly used for the Fund's marketing, sales, registration, etc
Item.
(3) If the investor has more than one subscription within one day, he/she shall be charged separately according to the corresponding rate grade of each subscription, that is
The subscription fee is calculated separately for each application.
3. Redemption rate
The Fund does not charge redemption fees.
4. Calculation of subscription shares
(1) Fund subscription shall adopt the method of "amount subscription and share confirmation". The amount of fund subscription includes subscription fees and
Net subscription amount. The calculation results of subscription units shall be rounded to 2 decimal places
Or the loss shall be borne by the fund property.
(2) Calculation formula and examples of subscription shares
When the proportional rate is applicable to the subscription fee corresponding to the investor's application for subscription, the formula for calculating the subscription share is:
Net subscription amount=subscription amount ÷ (1+subscription rate)
Subscription fee=Subscription amount - Net subscription amount
Subscription units=net subscription amount ÷ net value of such fund units on the date of subscription
When the subscription fee corresponding to the investor's application for subscription applies to a fixed amount, the formula for calculating the subscription share is:
Net subscription amount=subscription amount - subscription fee
Subscription fee=fixed amount
Subscription units=net subscription amount ÷ net value of such fund units on the date of subscription
For example: an investor invested 100000 yuan to subscribe for the Fund, and on the day of subscription (T day), the fund of various fund unit types
If the net value of the units is 1.0160 yuan or 1.0120 yuan respectively, the fund units that the investor can obtain by subscribing are:
Subscription 1 Subscription 2 Subscription 3
Type of investor Non pension customer Pension customer-
Type of subscription fund units Class A Class A Class C
Subscription amount (yuan, a） 100,000.00 100,000.00 100,000.00
Applicable subscription rate (b) 1.50% 0.15% 0
Net subscription amount (yuan, c=a ÷ (1+b)) 98522.17 99850.22 100000.00
Subscription fee (yuan, d=a-c） 1,477.83 149.78 0
Net value of such fund units on T day (yuan, e） 1.0160 1.0160 1.0120
Subscription share (share, f=c ÷ e) 96970.64 98277.78 98814.23
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For example: if an investor invests 5 million yuan to subscribe for the Fund, the fund shares that can be obtained by the investor are:
Subscription 1 Subscription 2
Investor type --
Type of subscription fund units Class A Class C
Subscription amount (yuan, a） 5,000,000.00 5,000,000.00
Subscription fee (yuan, b) 1000.00 0
Net subscription amount (yuan, c=a-b） 4,999,000.00 5,000,000.00
Net value of such fund units on T day (yuan, d) 1.0160 1.0120
Subscription shares (share, e=c ÷ d) 4920275.59 4940711.46
5. Calculation of redemption amount
(1) Fund redemption adopts the method of "unit redemption and amount confirmation", and the calculation involves redemption fees and net redemption money
Eh. The calculation results of the redemption amount shall be rounded to 2 decimal places
The loss shall be borne by the fund property.
(2) Redemption amount calculation formula and example
When investors choose to redeem their fund units, the formula for the redemption amount is:
Total redemption amount=redeemed units × net value of such fund units on the redemption date
Redemption fee=total redemption amount × redemption rate
Net redemption amount=total redemption amount - redemption expense
For example: an investor redeems 100000 fund units of the Fund
If the net value of fund units is 1.0180 yuan or 1.0150 yuan respectively, the net redemption amount that can be obtained by the investor is:
Redemption 1 Redemption 2
Investor type --
Redemption fund unit type Class A Class C
Redemption units (shares, a） 100,000.00 100,000.00
Holding time (days, b) 366 366
Applicable redemption rate (c) 0 0
Net value of such fund units on T day (yuan, d) 1.0180 1.0150
Total redemption amount (yuan, e=a × d) 101800.00 101500.00
Redemption fee (yuan, f=e × c) 0
Net redemption amount (yuan, g=e-f） 101,800.00 101,500.00
6. The fund manager may adjust the rate or charging method within the scope agreed in the fund contract, and shall not later than the new fee
The rate or charging method shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
7. In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism to ensure
Fairness of fund valuation. The specific handling principles and operation specifications follow the relevant laws and regulations, as well as the regulatory authorities and self-discipline rules
regulations.
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8. On the premise that there is no material adverse effect on the interests of fund share holders, the fund manager may, without violating the law
Under the circumstances stipulated by laws and regulations and agreed by the fund contract, the fund promotion plan shall be formulated according to the market conditions, and the fund promotion plan shall be carried out regularly or irregularly
Gold promotion activities. During the fund promotion activities, the fund manager may
Properly lower the sales rate of the fund.
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 securities futures exchange or foreign exchange market is suspended abnormally during trading hours, which causes the fund manager to be unable to calculate the daily basis
Net value of gold assets.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The Fund Manager's acceptance of certain or certain subscription applications may lead to the proportion of fund units held by a single investor
It reaches or exceeds 50%, or avoids 50% concentration in disguised form.
6. One or some subscription applications exceed the total size of the fund, the upper limit of the net subscription ratio per day, and
The maximum amount of single day or single subscription of individual investors.
7. The size of the fund assets is too large, which makes the fund manager unable to find suitable investment varieties, or other factors that may affect the fund industry
The performance has a negative impact, or other circumstances have damaged the interests of existing fund share holders.
8. On the current valuation date, the assets with more than 50% of the net asset value of the fund have no active market price to refer to and adopt the valuation method
When the value technology still leads to significant uncertainty in the fair value, after consultation and confirmation with the Fund Custodian, the Fund Manager shall
Suspend accepting fund subscription applications.
9. The fund participates in Hong Kong Stock Connect transactions and the daily limit of Hong Kong Stock Connect transactions is insufficient.
10. When the fund manager, fund custodian, registration institution, sales institution, etc. are unable to handle the subscription business due to abnormal circumstances,
For example, the fund sales system, fund registration system or fund accounting system cannot operate normally due to technical failures and other reasons.
11. Other circumstances stipulated by laws and regulations, recognized by the CSRC or agreed in the fund contract.
In case of any of the above suspended subscription circumstances in Items 1-3 and 7-11 and the Fund Manager decides to refuse or suspend the subscription
The administrator shall publish a notice of suspension of subscription application on the specified media in accordance with relevant regulations. If all or
In case of partial rejection, the principal of the rejected subscription will be returned to the investor. When the suspension of subscription is eliminated, fund management
People shall resume the subscription business in a timely manner.
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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 funds:
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 securities futures exchange or foreign exchange market is suspended abnormally during trading hours, which causes the fund manager to be unable to calculate the daily basis
Net value of gold assets.
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. On the current valuation date, the assets with more than 50% of the net asset value of the fund have no active market price to refer to and adopt the valuation method
When the value technology still leads to significant uncertainty in the fair value, after consultation and confirmation with the Fund Custodian, the Fund Manager shall
Suspend the payment of redemption funds or the acceptance of fund redemption applications.
7. Other circumstances stipulated by laws and regulations, recognized by the CSRC or agreed in the fund contract.
In case of any of the above circumstances and the Fund Manager decides to suspend the redemption or postpone the payment of redemption funds, the Fund Manager shall
It is required to report to the CSRC for filing, and the fund manager shall pay in full the confirmed redemption application; If the payment cannot be made in full for the time being,
The payable part shall be distributed to the redemption applicant according to the proportion of the application amount of a single account in the total application amount, and the unpaid part can be postponed
And calculate the redemption amount based on the net value of such fund units on the day when the redemption application is accepted. In case of item 4 above
The situations mentioned above shall be handled according to the relevant provisions of the fund contract. When applying for redemption, fund share holders may choose in advance to
The part that can not be accepted shall be revoked. When the suspension of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner
Arrange and announce.
9、 Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of fund units within a single open day of the Fund (the total number of redemption application units plus the transfer out during fund conversion
The balance after deducting the total number of subscription application units and the total number of transferred application units in the fund conversion) exceeds the previous one
10% of the total fund shares on a working day is considered as a huge redemption.
2. Treatment method of huge redemption
In case of a huge redemption of the Fund, the Fund Manager may decide to fully redeem or
Partial deferred redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay the full redemption application of investors
The redemption amount shall be calculated according to the following scheme.
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① On the redemption application date, if the disclosed net value of fund units will not affect the relative interests of fund unit holders
Execution of redemption procedures.
② On the redemption application date, if the disclosed net value of fund units will affect the relative interests of fund unit holders, follow the "Basic
The fund manager has the right to use the higher accuracy of the net value of fund units to calculate the redemption of the day
The amount of refund and subscription, and the share of regular quota subscription. In this case, the Fund Manager shall comply with the Information Disclosure Measures
The relevant provisions of shall be announced on the specified media to explain the relevant handling methods.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or because of the payment of investment
When the asset realization of the investor's redemption application may cause a large fluctuation to the net asset value of the fund, the fund manager shall
On the premise that the daily redemption acceptance ratio is not less than 10% of the total fund shares on the previous open day, the remaining redemption applications can be postponed.
For the redemption application on the current day, the proportion of the redemption application amount of a single account in the total redemption application amount shall be determined
Redemption unit; For the part that has not been redeemed, the investor can choose to postpone the redemption or cancel the redemption when submitting the redemption application. choose
If the redemption is postponed, it will be automatically transferred to the next open day to continue the redemption until all redemptions are completed; If you choose to cancel the redemption,
Some redemption applications not accepted on that day 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 the funds are redeemed
Back to. If the investor does not make a clear choice when submitting the redemption application, the part that the investor fails to redeem will be used as an automatic deferred redemption place
Li.
If the number of fund units redeemed by a single fund unit holder on a single open day exceeds the number of funds on the previous open day
When 10% of the total units, the Fund Manager has the right to postpone the redemption application of a single fund unit holder exceeding 10%
And the redemption application of the single fund unit holder within 10% (including 10%) and other investors
The redemption units accepted on that day shall be determined according to the proportion of the redemption application amount of a single account in the total redemption application amount. For non redemption
Some investors can choose to postpone redemption or cancel redemption when submitting redemption application. If you choose to postpone redemption, it will automatically transfer
Continue to redeem on the next open day until all redemption; Partial redemptions that have not been accepted on the current day and have chosen to cancel redemptions
The application will be withdrawn. The deferred redemption application shall be processed together with the redemption application on the next business day, without priority and on the next business day
The redemption amount is calculated on the basis of the net value of such fund units, and so on, until all the funds are redeemed. If the investor submits
No clear choice was made when applying for redemption, and the part that the investor failed to redeem will be automatically postponed for redemption.
(3) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), if the fund manager deems it necessary
If necessary, the redemption application of the fund can be suspended; The accepted redemption application may postpone the payment of redemption money, but shall not exceed
20 working days, and shall make an announcement on the specified media.
3. Announcement of massive redemption
In the event of the above-mentioned massive redemption and the postponement of the redemption, the fund manager shall send the funds by mail, fax or by the prospectus
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The Fund Unitholders shall be notified within 3 trading days by other methods specified in the Regulations, and the relevant handling methods shall be explained
The relevant provisions of the Measures shall be published 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 publish the temporary subscription or redemption on the specified media within the specified period
Stop announcement.
2. If the above suspension of subscription or redemption is eliminated, the Fund Manager shall announce the latest business day on the reopening day
The net value of the fund units.
3. The Fund Manager may, according to the time of suspension of subscription or redemption and the relevant provisions of the Information Disclosure Measures
The announcement of subscription or redemption for reopening of the Fund shall be published on the specified media later than the reopening day; It can also be used temporarily according to the actual situation
The closing announcement specifies the time for reopening subscription or redemption, and no further announcement will be issued at that time.
11、 Fund conversion
The Fund Manager may decide to establish the Fund and the Fund Manager in accordance with relevant laws and regulations and the provisions of the Fund Contract
For the conversion business between other funds under management, a certain conversion fee may be charged for fund conversion, and the relevant rules shall be determined by the fund manager
At that time, it will be formulated and announced in accordance with relevant laws and regulations and the provisions of the Fund Agreement, and the Fund Custodian and relevant institutions will be notified in advance.
12、 Non trading transfer of funds
The non transaction transfer of funds refers to the non transaction transfer caused by the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
Transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations. In either case, connect
The transferred subject must be an investor who can hold the fund shares of the Fund according to law.
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 refers to fund
Unit holders donate their legally held fund units to welfare foundations or social organizations; Judicial enforcement is
Refers to the compulsory transfer of fund shares held by fund share holders to other natural persons
People or other organizations. Relevant materials required by the fund registration authority must be provided to handle non transaction transfer
The application for non transaction transfer shall be handled according to the provisions of the fund registration authority, and the fees shall be charged according to 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 agencies, and fund sales agencies can
Collection of custody transfer fees shall be in accordance with the prescribed standards.
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14、 Fixed investment plan
The Fund Manager may handle a fixed investment plan for investors, and the specific rules shall be separately formulated by the Fund Manager. throw
When handling the fixed investment plan, the investor can agree on the amount of deduction in each period, and the amount of deduction in each period must not be less than that of the fund management
The minimum subscription amount of the fixed investment plan specified by the manager in the relevant announcement or updated prospectus.
15、 Freeze, unfreeze and pledge of funds
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authority of the state according to law, and the registration authority recognizes that
It can be frozen and unfrozen under other circumstances in compliance with laws and regulations. Rights and interests arising from the frozen portion of fund units
The frozen shares still participate in income distribution and payment. Unless otherwise stipulated by laws and regulations.
If relevant laws and regulations allow the fund manager to handle the pledge business of fund units or other fund businesses
The Fund Manager may formulate corresponding business rules and carry out relevant businesses according to the Measures for Information Disclosure upon consensus of the Manager
The relevant provisions of shall be announced. The relevant business rules of the stock exchange and China Securities Depository and Clearing Corporation Limited have provisions
The provisions shall prevail.
16、 Transfer of Fund Units
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders to pass the CSRC
The application for share transfer shall be made by the trading place or trading method recognized by the registration authority, and the transfer registration of fund shares shall be handled by the registration authority
Record. If the fund manager intends to accept the transfer of fund units, it will make an announcement in advance, and the fund unit holders shall, according to the fund management
The transfer of fund units shall be handled according to the business rules announced by the investors.
17、 Conversion of fund shares
On the premise of compliance with laws and regulations and no material adverse impact on the interests of fund share holders, the Fund Manager shall consult with
The Fund Custodian may convert the Fund units upon consensus without convening a general meeting of Fund unit holders for deliberation.
18、 When the technical conditions are mature, the Fund Manager shall not violate laws and regulations and have no real interest in the Fund Unitholders
Under the premise of qualitative adverse effects, the security of the above subscription and redemption can be determined according to the specific circumstances after consultation with the Fund Custodian
Arrange for supplementation and adjustment, or arrange for the listing, trading, subscription and
Redemption, or handling the transfer, transfer, pledge and other businesses of fund units, there is no need to hold a meeting of the fund unit holders' congress at that time
However, information disclosure shall be carried out in accordance with relevant laws and regulations.
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19、 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 "Side pocket mechanism" section of the Prospectus
Agreement or relevant announcement.
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Part IX Investment of the Fund
1、 Investment objectives
Under the premise of risk control, the Fund selects high-quality listed companies for investment, and strives to achieve long-term stability of fund assets
Health increases.
2、 Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including stocks issued and listed in China according to law (including
GEM and other stocks and depositary receipts approved or registered for listing by the CSRC), and trading exchanges between mainland and Hong Kong stock markets
The stocks (hereinafter referred to as Hong Kong stocks), bonds (including
Including national debt, central bank bills, financial bonds, local government bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, and ultra short
Long term financing bonds, subordinated bonds, government backed bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds and other convertible bonds
Securities permitted by the CSRC), derivatives (including stock index futures, treasury bond futures, stock options, credit derivatives)
Money market instruments, bank deposits (including negotiated deposits, time deposits and other bank deposits), interbank deposit receipts, asset support
Securities, bond repurchases and other financial instruments permitted by laws and regulations or the CSRC for fund investment. The Fund may
Participate in financing business in accordance with relevant laws and regulations.
If laws and regulations or regulatory authorities allow the Fund to invest in other varieties in the future, the Fund Manager may, after performing appropriate procedures
To include it in the scope of investment.
The proportion of the Fund's investment portfolio is: stock assets account for 60% - 95% of the Fund's assets (including stocks invested in Hong Kong stocks
The proportion of the Fund shall not exceed 50% of the equity assets invested by the Fund). At the end of each trading day, after deducting treasury bond futures and stock index
After the trading margin required to be paid for futures and stock option contracts, the Fund holds cash or has a maturity 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 and subscription receivables
Etc.
3、 Investment strategy
（1） Generic asset allocation strategy
By understanding the economic cycle and the development and changes of asset prices, the fund manager is able to grasp the basis of the cyclical fluctuations of the economy
On the other hand, dynamically evaluate the investment value, investment opportunity and risk return characteristics of different asset categories in different periods, and pursue stability
Healthy growth.
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1. When the macro is basically good, GDP is growing steadily and the stock market is expected to rise, the Fund will increase the number of shares
Investment proportion, share the gains brought by the rise of the stock market.
2. When the macro fundamentals are general, GDP growth is slow and the stock market is expected to decline, the Fund will adopt a relative
It is prudent to reduce the proportion of stock investment and increase the proportion of bonds or cash assets to avoid portfolio losses.
3. When the stock market and bond market are expected to have downside risks, the Fund will reduce the holding ratio of stocks and bonds
For example, in addition to cash assets, increase the proportion of cash assets such as bond repurchase and central bank bills.
Based on the fund managers' profound understanding of the economic cycle and the development and changes of asset prices
Analyze the macroeconomic, capital market, policy orientation and other factors, and establish the absolute value of fund managers on the return of various types of assets
Or determine the allocation weight of various categories of assets relative to expectations.
（2） Stock investment strategy
Based on the concept of value investment, the Fund's stock assets are mainly invested in competitive advantages, corporate governance and business models
Select the best performing stocks in the industry with excellent performance, good growth and reasonable valuation. The specific strategies are as follows:
1. Industry optimization strategy
The Fund will grasp the direction of China's economic structure adjustment in the medium and long term, and through the macro economy, industrial environment and industrial policies
And industry competition pattern, determine the potential impact of macro and industry economic variables on different industries, and judge each industry
The relative investment value and investment opportunity of the industry. The Fund will evaluate the growth of the industry and screen out high growth or potential growth
Industry, the evaluation angle mainly includes the following aspects:
(1) Business cycle factors: mainly focus on the impact of different stages of the business cycle on different industries.
(2) Industrial policy factors: mainly focus on the impact of fiscal policy, monetary policy and industrial policy on different industries.
(3) Industry fundamentals: focus on industry life cycle, industry development trend and development space, and competition within the industry
Trend, industry revenue and profit growth, etc.
2. Individual stock selection strategy
The Fund will screen outstanding stocks on the basis of preferred industries by combining qualitative and quantitative methods. screen
Standards mainly include:
(1) Excellent corporate governance and business model are the guarantee for the long-term stable development of the company. The Fund will, through qualitative analysis,
Focus on corporate governance structure, management ability, business strategy, business model, etc., and screen out governance ability and business model
Excellent listed companies.
(2) The growth of the company is ultimately reflected in the growth of profits. The Fund will focus on the Company's budget through quantitative analysis
Growth rate of main business income and expected profit rate of main business in the period, combined with after tax profit growth rate, return on net assets, etc
Target, select listed companies whose profitability exceeds the average level of the market.
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(3) The Fund will explore high-quality companies with valuation advantages
EV/EBIT, PCF, FCF/P, P/E growth
Ratio (PEG) and other valuation indicators, and select companies with reasonable valuation.
3. Event investment strategy
With the development and expansion of the capital market, the events that have an impact on the capital market also occur more and more frequently. Related to
Industry influential events usually include interest rate policy, industry policy, exchange rate policy, emergencies, etc; Change in stock price
Influential events usually include additional issuance, mergers and acquisitions, asset injection, overall listing, issuance of convertible bonds, and performance of listed companies
Announcement, etc; Events influencing the bond market usually include monetary policy, interest rate policy, and the release of important economic data. through
Often, these events will temporarily break the market equilibrium price. The Fund will grasp the situation through quantitative and qualitative analysis of historical data
Investment opportunities.
4. Stock investment strategy of Hong Kong Stock General Standard
The Fund will invest in the Hong Kong stock market through the trading interconnection mechanism between the mainland and Hong Kong stock markets. Based on Hong Kong
Long term investment research experience in the market, and judgment on possible investment opportunities in the process of market integration between the two places
Jin adopts the "bottom-up" strategy of selecting individual stocks, focusing on investment benefiting from China's economic transformation, with reasonable valuation and core
Heart competitive stocks. According to the needs of investment strategies or changes in the market environment of different allocation places, the Fund chooses to integrate some of the
It is not necessary for gold assets to invest in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks
Then invest in Hong Kong stocks.
5. Investment strategy of depositary receipts
On the basis of grasping risks, the Fund makes investment in domestic and overseas macro factors, industry development prospects, corporate profitability
Time, etc. to screen out depositary receipts with competitive advantages and reasonable valuation, so as to grasp the investment brought by depositary receipts
opportunity. The Fund focuses on the investment value of depositary receipts from the following four aspects: (1)
Fundamentals; (2) Valuation of depositary receipts; (3) Equity structure, corporate governance
Operation specification degree; (4) Differences in voting rights between depositary receipts and overseas underlying securities, agreement control structure or similar features
Special arrangements for depositary receipts.
（3） Bond investment strategy
The Fund will conduct bond investment based on the continuous tracking of the macroeconomic cycle and market environment and the economic policies
In-depth analysis, comprehensive use of bond variety rotation strategy, duration adjustment strategy, yield curve allocation strategy, financing leverage
Strategy, convertible bond/exchangeable bond investment strategy, etc., to build a bond portfolio with stable income and good liquidity, and strive to obtain long-term
Stable income in the future.
Convertible bond/exchangeable bond investment strategy: comprehensively analyze the debt characteristics, equity characteristics and other factors of convertible bond/exchangeable bond
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On the basis of the above, use BS formula or binary tree pricing model and other quantitative valuation tools to assess its investment value, and attach importance to convertible bonds
/Analysis and research on the corresponding stocks of exchangeable bonds, and select those companies and industries with rising prosperity trends, good growth and safe margins
Invest in higher varieties. For bonds with the option of put back and redemption, the Fund will use the bond market yield
According to, the option adjusted spread (OAS) model is used to analyze the investment value of bonds with redemption or put back options, as such
The main basis for bond investment.
（4） Derivatives investment strategy
1. Investment strategy of stock index futures
When the Fund invests in stock index futures, it will, in accordance with the principle of risk management and for the purpose of hedging, appropriately participate in
Refers to futures investment. By using stock index futures, we can adjust the risk exposure of the portfolio, improve the risk return characteristics of the portfolio,
So as to realize hedging; At the same time, we can also use the characteristics of stock index futures such as good liquidity and low transaction costs to
The position shall be adjusted in time to improve the operational efficiency of the portfolio, so as to achieve effective management.
2. Investment strategy of treasury bond futures
When the Fund invests in treasury bond futures, it will actively adopt the principle of risk management for the purpose of hedging
The futures contract with good liquidity and active trading, through the research on the operating trend of the treasury bond market and futures market, and in combination with the treasury bond period
The pricing model of commodities seeks its reasonable valuation level and conducts hedging operations through strategies such as long or short hedging.
Fully consider the profitability, liquidity and risk characteristics of treasury bond futures, and use the leverage of financial derivatives to reduce
The purpose of low portfolio overall risk.
3. Stock Option Investment Strategy
When the Fund invests in stock options, it will fully evaluate shares based on the principle of risk management for the purpose of hedging
Liquidity, risk return characteristics, etc. of ticket options, combined with the judgment of the securities market, select the option contracts with reasonable valuation
So as to effectively realize the appreciation of fund assets and control of downside risks.
4. Credit derivatives investment strategy
When the Fund invests in credit derivatives, it will, based on the principle of risk management, take risk hedging as the purpose
The investment strategy of fixed income varieties such as the underlying bonds held by the portfolio, as well as the potential credit risk, etc., and prudently carry out credit derivatives
Raw product investment, reasonably determine the investment amount and duration of credit derivatives, so as to achieve effective credit risk management. At the same time,
The Fund will also strengthen risk management on credit derivatives counterparties and founding institutions, reasonably disperse the corresponding concentration, and
It conducts necessary due diligence and strict access management.
（5） Asset backed securities investment strategy
The Fund's asset-backed securities investment will focus on the market interest rate, issuance terms, composition, quality and advance of supporting assets
Analyze factors affecting the value of asset-backed securities, such as repayment rate, risk compensation income and market liquidity, and evaluate the asset expenses
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Hold the relative investment value of securities and make corresponding investment decisions.
（6） Financing business strategy
When participating in financing business, the Fund will, on the basis of comprehensive consideration of risk, income, liquidity and other factors
Detailed analysis of market conditions, portfolio risk returns, credit qualifications and other conditions, selection of appropriate counterparties, and determination of clear investment
Investment opportunity and reasonable financing ratio. If relevant business laws and regulations change, the Fund will comply with the latest provisions
Changes in laws, regulations and regulatory requirements.
In the future, with the development and enrichment of investment instruments in the securities market, the Fund may adjust and change accordingly after performing appropriate procedures
New relevant investment strategies, and update the announcement in the prospectus.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's stock assets in the Fund's assets is 60% - 95%, of which the proportion invested in Hong Kong stocks is the general target stocks
For example, it shall not exceed 50% of the equity assets invested by the Fund.
(2) At the end of each trading day, the Fund deducts the transactions required to pay for treasury bond futures, stock index futures and stock option contracts
After the deposit, keep no less than 5% of the net asset value of the fund in cash or government bonds with a maturity of less than one year, of which,
Cash does not include provisions for settlement, deposits and subscription receivables.
(3) The Fund holds securities issued by a company (A+H shares of the same company listed in both the Mainland and Hong Kong
And calculated), and its market value shall not exceed 10% of the net asset value of the fund.
(4) All funds managed by the Fund Manager hold securities issued by one company (the same company in the Mainland and Hong Kong
A+H shares listed in Hong Kong at the same time), not more than 10% of the securities; Fully follow the composition proportion of relevant indexes
The types of funds invested in securities may not be subject to the proportion restrictions prescribed in this article.
(5) The Fund shall comply with the following investment restrictions when investing in asset-backed securities:
① The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10%；
② The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
③ The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed that of the asset-backed certificate
10% of the coupon size;
④ All funds managed by the Fund Manager shall invest in all kinds of asset-backed securities of the same original equity holder, and shall not exceed
10% of the total size of its various asset-backed securities;
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⑤ The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB). Assets held by the fund
During the period of supporting securities, if its credit rating declines and no longer meets the investment standards, it shall be 3 months from the date of the rating report
All of them will be sold.
(6) Fund assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total assets of the Fund
The number of shares declared by the Exchange shall not exceed the total number of shares issued by the company to be issued this time.
(7) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
The shares are consolidated.
(8) When participating in the trading of treasury bond futures and stock index futures, the Fund shall comply with the following investment proportion restrictions:
① At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed the net asset value of the Fund
15%； At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed the total amount of bonds held by the Fund
30% of the market value; The trading amount of treasury bond futures contracts traded by the Fund on any trading day (excluding closing positions) shall not exceed
30% of the net asset value of the Fund on the previous trading day;
② At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed the net asset value of the Fund
10%； At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed the total shares held by the Fund
20% of the market value; The trading amount of stock index futures contracts traded by the Fund on any trading day (excluding closing positions) shall not exceed
20% of the net asset value of the Fund on the previous trading day;
③ The value of treasury bond futures and stock index futures contracts held by the Fund at the end of any trading day and the market value of securities
The sum of the total shall not exceed 95% of the net asset value of the fund, of which, the marketable securities refer to stocks and bonds (excluding those whose maturity is less than
Government bonds), asset-backed securities, redemptory financial assets for sale (excluding pledge repurchase), etc;
④ Market value of bonds held by the Fund (excluding government bonds with a maturity of less than one year) and maturity of bonds purchased and sold abroad
The total value of the bond contract (calculated by netting) shall comply with the relevant provisions of the fund contract on the proportion of bond investment;
⑤ The total (netting calculation) of the market value of the stocks held by the Fund and the value of the stock index futures contracts purchased and sold shall be consistent with
Relevant provisions on the proportion of stock investment in the mutual fund contract.
(9) When participating in stock option trading, the Fund shall comply with the following investment proportion restrictions:
① The total amount of premium paid and received due to open position option contracts shall not exceed 10% of the net asset value of the Fund;
② Those who open positions to sell call options shall hold sufficient underlying securities; Where a put option is sold, the contract exercise shall be held
The required full amount of cash or cash equivalents recognized by the rules of the Exchange that can offset the option margin;
③ The par value of the open position option contract shall not exceed 20% of the net asset value of the fund. Wherein, the nominal value of the contract is multiplied by the exercise price
Calculated by contract multiplier;
④ The investment of the Fund complies with the proportion limit (such as stock position, proportion of individual shares, etc.), investment objectives and
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Risk return characteristics.
(10) The Fund's participation in credit derivatives transactions shall comply with the following investment proportion restrictions:
① The Fund does not hold credit derivatives with the attribute of credit protection seller, nor does it hold contractual credit derivatives;
② The nominal principal of credit derivatives held by the Fund shall not exceed 100% of the face value of the corresponding protected bonds in the Fund;
③ The Fund invests in various credit derivatives of the same credit protection seller, and the total nominal principal shall not exceed the fund assets
10% of net worth;
Due to factors other than fund managers, such as fluctuations in securities and futures markets, mergers of securities issuers, changes in fund size, etc
If the fund does not comply with the aforesaid proportion limit, the fund manager shall make adjustment within three months.
(11) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund.
(12) The maximum term for the Fund to enter the national inter-bank market for bond repurchase is one year, and the bond repurchase is due
No extension is allowed later.
(13) Financing stocks and other securities held by the Fund at the end of any trading day when participating in financing business
The sum of market values shall not exceed 95% of the net asset value of the Fund.
(14) All open-ended funds managed by the Fund Manager shall not hold tradable shares issued by a listed company
More than 15% of the tradable shares of the listed company; All investment portfolios managed by the Fund Manager are issued by a listed company
The tradable shares of the listed company shall not exceed 30% of the tradable shares of the listed company; Fully follow the composition proportion of relevant indexes
Open ended funds investing in securities and special investment portfolios recognized by the CSRC may not be subject to the above proportion restrictions.
(15) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed 15% of the Fund's net asset value;
Discrepancy of funds due to factors other than fund managers, such as fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
If the proportion limit is met, the fund manager shall not actively increase the investment of liquidity restricted assets.
(16) The Fund, private equity securities asset management products and other subjects identified by the CSRC carry out reverse return for counterparties
In case of purchase transaction, the qualification requirements for acceptable collateral shall be consistent with the investment scope agreed in the fund contract.
(17) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Unless otherwise specified in (2), (5), ⑤, (10), (15) and (16) above and in the above terms
Market fluctuations, futures market fluctuations, mergers of listed companies, fund size changes and other factors outside the fund manager cause the fund
If the investment proportion does not conform to the above stipulated investment proportion, the fund manager shall make adjustment within 10 trading days, but China
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 from the effective date of the Fund Agreement, make the proportion of the Fund's investment portfolio conform to the Fund Agreement
Relevant agreements of. During the above period, the investment scope and investment strategy of the Fund shall comply with the provisions of the Fund Contract. fund
The Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Contract.
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Laws and regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund, the Fund Manager is performing
After proper procedures are implemented, the investment of the Fund will no longer be subject to relevant restrictions or the changed provisions, but it must be announced in advance.
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 assets to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders, actual controllers or
Securities issued or underwritten during the underwriting period by a company that has a major interest with it, or other major related transactions
If it is easy, it shall comply with the investment objectives and strategies of the Fund, follow the principle of giving priority to the interests of fund share holders, and guard against interests
Conflict, establish and improve the internal approval mechanism and evaluation mechanism, and implement according to fair and reasonable market prices. Relevant transactions must be carried out in advance
Obtain the consent of the Fund Custodian and disclose in accordance with laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review
And passed by more than two-thirds of the independent directors. The Board of Directors of the Fund Manager shall, at least half a year
Review.
If laws, administrative regulations or regulatory authorities cancel or adjust the above prohibitive provisions, the Fund may not be subject to the above provisions
Limit or follow the adjusted regulations.
5、 Performance Benchmark
The performance benchmark of the Fund is:
Shanghai Shenzhen 300 index yield * 65%+Hang Seng index yield * 15%+China Bond comprehensive wealth (total value) index yield * 20%
The CSI 300 Index is an index compiled by China Securities Index Co., Ltd. to reflect the overall trend of the A-share market
300 actively traded and representative A-shares are selected as constituent stocks in Shanghai and Shenzhen Stock Exchanges
The stock index with high market value coverage, strong representativeness and good credibility in the securities market.
The Hang Seng Index is compiled by Hang Seng Index Service Co., Ltd., and consists of 50 listed stocks in the Hong Kong stock market
The weighted average stock price index with its issuance as the weight is the most influential one reflecting the price range trend of Hong Kong stock market
Stock index.
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The China Bond Comprehensive Wealth (Gross Value) Index is a reflection of China's bond market prepared by the Central Government Securities Depository and Clearing Co., Ltd
A representative index of the overall trend of the market. The sample bonds of the index cover China's inter-bank market and exchange market, and the component bonds include
It includes almost all kinds of bonds, such as treasury bonds, central bank bills, financial bonds, corporate bonds, short-term financing bonds, and has a wide market
It is representative and can reflect the overall trend of the bond market. China Bond Comprehensive Wealth (Gross Value) Index is an index calculated by the full price of bonds
Value, taking into account the factor of interest reinvestment on the interest payment date, that is, interest reinvestment is included in the index when sample bonds pay interest.
According to the investment scope and investment proportion constraints of the Fund, the Fund has set the above performance benchmark. Management of the Fund
I believe that the performance benchmark can truly and objectively reflect the risk return characteristics of the Fund.
If laws and regulations change in the future, or there is a more authoritative and widely accepted performance benchmark
Either there is an index more suitable for the performance benchmark of the Fund in the market, or the market changes lead to the industry
When the performance benchmark is no longer applicable or the index of this performance benchmark stops publishing or changes its name, the Fund Manager
The financial custodian can adjust or change the performance benchmark in a timely manner after reaching consensus and performing appropriate procedures as required by the regulatory authorities
Announcement without convening the general meeting of fund share holders.
6、 Risk return characteristics
The Fund is a hybrid fund with higher risks and returns than bond funds and money market funds and lower risks and returns than equity funds.
The Fund may invest in Hong Kong stocks, which are the underlying stocks of Hong Kong stocks, and shall bear exchange rate risk and overseas market risk.
7、 Principles and methods for the Fund Manager to exercise relevant rights on behalf of the Fund
1. The Fund Manager shall independently exercise relevant rights on behalf of the Fund in accordance with the relevant provisions of the State and protect the rights of the Fund Unitholders
Benefits.
2. Do not seek to control the listed company or participate in the operation and management of the invested listed company.
3. It is conducive to the safety and appreciation of fund assets.
4. Do not seek any profit for themselves, employees, authorized agents or any third party with interests through connected transactions
Improper interests.
8、 Implementation and investment operation arrangement of side pocket mechanism
When the Fund holds specific assets and there are or potential large redemption applications, the Fund Unitholders shall be protected to the maximum extent
The Fund Manager may, after reaching consensus with the Fund Custodian and consulting the accounting firm
The side pocket mechanism is used in accordance with laws, regulations and the fund contract, without the need to convene a general meeting of fund share holders for deliberation.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions, performance benchmarks
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The risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements, disposal, realization and payment of specific assets of side pocket accounts
See the agreement in the "side pocket mechanism" section of the prospectus for details of matters that have a significant impact on the rights and interests of investors.
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Part X Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to all kinds of securities, principal and interest of bank deposits, fund receivables and other assets owned by the fund
The total value of 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, securities accounts and investments for the Fund in accordance with relevant laws, regulations and normative documents
Other special accounts required. The special fund account opened with the Fund Manager, Fund Custodian, Fund Sales Agency and Fund
The property accounts owned by the gold registration institution and other fund property accounts are independent.
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 are protected by the Fund Custodian
Tube. The fund manager, the fund custodian, the fund registration institution and the fund sales institution shall bear their own
Legal liability, its creditors shall not exercise the right to request freezing, seizure or other rights against the Fund's assets. In addition to laws and regulations
The Fund property may not be disposed of except as provided in the Gold Contract.
The Fund Manager and the Fund Custodian are liquidated due to legal dissolution, revocation or bankruptcy
The fund assets do not belong to its liquidation assets. The creditor's rights arising from the management and operation of the fund assets by the fund manager shall not be consolidated with them
Liabilities generated by assets offset each other; The creditor's rights and debts arising from the management and operation of the fund assets of different funds by the fund manager are not
They may offset each other. Liabilities not borne by the fund property itself shall not be enforced against the fund property.
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Part XI Valuation of Fund Assets
1、 Valuation date
The valuation date of the Fund is the trading date of the relevant securities exchange of the Fund and the national laws and regulations require that
The non trading day on which the net value of the fund is disclosed.
2、 Valuation object
Stocks, bonds, treasury bond futures contracts, stock index futures contracts, stock option contracts and asset-backed certificates owned by the Fund
Assets and liabilities such as bonds, credit derivatives, principal and interest of bank deposits, receivables, and other investments.
3、 Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with the Accounting Standards for Business Enterprises
Relevant regulations of the regulatory authorities.
（1） If there is an active market for investment varieties that can obtain quotations for the same assets or liabilities, and there are quotations on the valuation date,
Except for the exceptions specified in the accounting standards, the quotation shall be applied to the fair value of the asset or liability without adjustment
Quantity. If there is no quotation on the valuation date and no major event affecting the fair value measurement occurs after the most recent transaction date, the most recent transaction shall be adopted
The fair value is determined by the quotation on the date of. There is sufficient evidence to show that the quotation on the valuation date or the latest trading day cannot truly reflect the fair value
The quoted price shall be adjusted to determine the fair value.
If it is the same as the above investment varieties but has different characteristics, it shall be based on the fair value of the same assets or liabilities, and
Consider the influence of different characteristic factors in valuation techniques. Features refer to restrictions on the sale or use of assets
It is aimed at asset holders, so this limitation should not be considered as a feature in valuation techniques. In addition, the Fund Manager does not
Consideration should be given to the premium or discount arising from their large holdings of related assets or liabilities.
（2） For investment varieties that do not have an active market, the data that are applicable in the current situation and have sufficient available data should be used
And other valuation techniques supported by information. When using valuation techniques to determine the fair value, priority should be given to the use of considerable
Observe the input value, only when the observable input value of relevant assets or liabilities cannot be obtained or it is impracticable to obtain it
To use unobservable input values.
（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 value adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be adjusted and the fair value should be determined
Value.
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4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) The market price of the securities (including stocks, etc.) listed on the stock exchange on the valuation date
Valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the latest trading day or the securities issuer has not
In the event of a major event affecting the price of securities, the market price (closing price) of the most recent trading day shall be used for valuation; For example, after the most recent trading day
In case of major changes in the economic environment or major events affecting the securities prices of the securities issuing institutions, reference can be made to similar investment products
The current market price and major change factors of, adjust the market price of the latest transaction, and determine the fair price;
(2) The third party valuation agency on the valuation date shall be selected for the non equity fixed income varieties listed or transferred by the Exchange
The estimated net price of the corresponding varieties provided on the current day shall be estimated;
(3) The third party valuation agency on the valuation date shall be selected for the fixed income varieties with rights that are listed or transferred by the Exchange
The only estimated net price or the recommended estimated net price on the current day of the corresponding varieties provided for valuation;
(4) The full valuation price of convertible bonds listed and traded on the Exchange shall be the daily closing price;
(5) Where there is no active market for securities listed on the Exchange, the fair value shall be determined by valuation techniques; Exchange market
The fair value of asset-backed securities transferred by listing on the market shall be determined by valuation techniques;
(6) For unlisted or unlisted bonds issued in the exchange market, if there is an active market
Take the unadjusted quotation in the active market as the fair value on the valuation date; The quotation in the active market fails to represent the valuation date
In the case of allowable value, the market quotation shall be adjusted to confirm the fair value on the valuation date; For no campaign or
In case of few market activities, valuation techniques should be used to determine the fair value.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) The same stock listed on the stock exchange on the valuation date for the new shares issued in the form of stock dividend, conversion, allotment and public offering
Valuation method; If there is no transaction on that day, the market price (closing price) of the latest day shall be used for valuation;
(2) For the initial public offering of unlisted stocks and bonds, valuation techniques are used to determine the fair value
If the fair value is measured reliably, it shall be valued at cost;
(3) The shares with a certain period of restricted sale shall be specified at the time of issuance, including but not limited to non-public issuance and public issuance
Shares with a certain lock period, shares publicly offered by the company's shareholders during the initial public offering, and shares obtained through block trading
Stocks in the restricted period, excluding tradable restricted stocks such as suspended stocks, newly issued unlisted stocks, pledged bonds in repurchase transactions, etc
The fair value is determined according to the relevant regulations of the governing body or industry association.
3. For the fixed income varieties without rights in the national inter-bank market, the corresponding varieties provided by third-party valuation institutions
Valuation net price of the day.
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For the types of fixed income with rights in the inter-bank market, the only one on the same day of the corresponding types provided by the third-party valuation agency
Valuation net price or recommended valuation net price valuation. For fixed income varieties including the investor's right to sell back, the deadline of the registration period for the sale back
If the right of put back is not exercised after (including the current day), the valuation shall be conducted according to the price corresponding to the long waiting period.
For bonds that are not listed in the inter-bank market and the third-party valuation agency does not provide valuation prices
If there is no obvious difference in the market interest rate and there is no major change in the market interest rate during the unlisted period, it shall be valued at cost.
4. If the same security is traded in two or more markets at the same time, it shall be valued separately according to the market in which the security is located.
5. Time deposits or call deposits held by banks are listed as principal, and interest income is recognized day by day according to the agreement or contract interest rate.
6. Valuation methods for investment securities derivatives
(1) Stock index futures and treasury bond futures contracts shall be valued at the settlement price on the valuation day. If there is no settlement price on the valuation day,
If there is no significant change in the economic environment after the latest trading day, the settlement price of the latest trading day shall be used for valuation.
(2) The Fund's investment in stock options is valued in accordance with relevant laws and regulations and the provisions of the regulatory authorities.
(3) Credit derivatives are valued according to the valuation price of the day provided by a third-party valuation agency, but the fund manager is legally
The valuation responsibility that should be undertaken should not be exempted by entrustment; If the selected third-party valuation agency fails to provide the valuation price
The laws, regulations and the Accounting Standards for Business Enterprises require that the fair value be determined using reasonable valuation techniques.
7. Exchange rate: the exchange rate of RMB against major foreign exchange shall be based on the person announced by the People's Bank of China or its authorized institution on the valuation date
The central parity rate of the RMB exchange rate shall prevail. If the current valuation exchange rate of the Fund is no longer published or has significant changes, or there are more
When the valuation exchange rate is fair and more suitable for the Fund, the Fund Manager and the Fund Custodian can adjust it according to the actual situation after consensus
The valuation exchange rate of the whole fund shall be reported to the CSRC for filing in a timely manner, without the need to convene a general meeting of fund share holders.
8. The Fund's participation in financing business shall be conducted in accordance with relevant laws and regulations, regulatory authorities and industry associations
Valuation.
9. The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
10. Tax: for the fund investment in the domestic and overseas stock market transaction interconnection mechanism in accordance with Chinese laws and regulations
The Fund will assess all taxes payable according to the laws and regulations of the place where the overseas trading place is located on the accrual basis
Value; If the actual tax paid by the Fund is different from the estimated tax payable due to the adjustment of tax regulations or other reasons
The corresponding valuation adjustment will be made on the relevant tax adjustment date or the actual payment date.
11. 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, the valuation shall be based on the price that best reflects the fair value.
12. Other assets shall be valued according to laws and regulations or relevant regulations of the regulatory authority.
13. In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism to ensure
Fairness of fund valuation.
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14. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there is any new item, please follow the national latest
Specified valuation.
If the Fund Manager or the Fund Custodian finds that the fund valuation violates the valuation methods, procedures and relevant laws specified in the fund contract
In case of the provisions of laws and regulations or failure to fully protect the interests of fund share holders, they shall immediately notify the other party and jointly identify the reasons,
Both parties shall negotiate for settlement.
In accordance with relevant laws and regulations, the Fund Manager shall be responsible for the calculation of the net asset value of the Fund and the accounting of the Fund. Base
The Fund Manager shall be responsible for the accounting of the Fund
After full discussion on the basis of equality, no consensus can be reached. According to the fund manager's calculation of fund net value information
The results will be published.
5、 Valuation procedures
1. The net value of fund units is the balance of the net value of fund assets divided by such fund units on that day after the market is closed on each valuation date
The amount shall be calculated to the nearest 0.0001 yuan, and the fifth digit after the decimal point shall be rounded off. The resulting error shall be included in the fund property.
The Fund Manager may establish an emergency adjustment mechanism for the accuracy of net worth in the case of large redemption. It is otherwise stipulated by the state or the fund contract
If there is an agreement, the provisions shall prevail.
The Fund Manager shall calculate the net value of the Fund assets and the net value of the Fund units on each valuation day and make an announcement in accordance with the provisions.
2. The Fund Manager shall value the assets of the Fund on each valuation date. However, according to laws and regulations or the fund contract, the fund manager
Except when the valuation is suspended in accordance with. The Fund Manager shall distribute the net value result of the Fund units after the valuation of the Fund assets on each valuation date
It shall be sent to the Fund Custodian, and after the Fund Custodian has checked and found no error, the Fund Manager shall publish it to the public in accordance with regulations.
6、 Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the accuracy
Timeliness. In case of valuation error within 4 decimal places (including the 4th decimal place) of the net value of fund units, it shall be deemed as the net value of fund units
Value error.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration agency, or the sales agency, or
If the valuation error is caused by the investor's own fault, which causes losses to other parties, the person responsible for the fault shall
The direct losses of the party suffering losses due to valuation errors ("the injured party") shall be compensated according to the following "valuation error handling principles",
Be liable for compensation.
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The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors, data calculation errors
System fault 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 in a timely manner,
Correct 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; Due to the valuation error, the responsible party failed to
Timely correct the valuation errors that have occurred and cause losses to the parties, the party responsible for the valuation errors shall compensate for the direct losses
Responsibility; If the party responsible for the valuation error has actively coordinated and the party with the obligation to assist has enough time to correct it
If it is not corrected, it shall bear the corresponding liability for compensation. The party responsible for the valuation error shall confirm the correction to the relevant parties
Confirm that the valuation errors have been corrected.
(2) The party responsible for the valuation error is responsible for the direct losses of the parties concerned, not for the indirect losses, and only for
The direct party concerned with the valuation error shall be responsible for it and not responsible for any 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. But the valuation is wrong
The responsible party shall still be responsible for the valuation error. If the party who obtained the unjust enrichment does not return or does not return all the unjust enrichment
If the loss of interests of other parties is caused ("the injured party"), the party responsible for the valuation error shall compensate the loss of the injured party and
The party who has obtained the unjust enrichment has the right to require the delivery of the unjust enrichment within the scope of the amount of compensation paid; If obtained
If the party of unjust enrichment has returned this part of unjust enrichment to the injured party, the injured party shall pay the compensation it has received
The difference between the sum of the amount plus the returned unjust enrichment that has been obtained and the actual loss is 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 according to the causes of valuation errors
Responsible party for valuation error;
(2) Evaluate the losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties;
(3) The responsible party for the valuation error shall correct and compensate according to the principle of handling valuation errors or the method negotiated by the parties
Loss;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors, the fund registration agency shall
Make corrections and confirm the correction of valuation errors to relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) When there is an error in the calculation of the net value of fund units, the Fund Manager shall immediately correct it and notify the Fund Custodian,
And take reasonable measures to prevent further expansion of losses;
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(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Custodian and
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 filing;
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions. If the industry is otherwise popular
In practice, the Fund Manager and the Fund Custodian shall negotiate on the principle of equality and protection of the interests of Fund Unitholders.
7、 Suspension of valuation
1. The securities and futures trading market or foreign exchange market involved in the Fund's investment is suspended on statutory holidays or for other reasons
Business hours.
2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure.
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date, after consultation and confirmation with the fund custodian,
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 shall be responsible for the calculation of the net value of the Fund assets and the net value of the Fund units, and the Fund Custodian shall be responsible for the review. fund
The Manager shall calculate the net value of the Fund assets and the net value of the Fund units on the valuation date on the day after the end of the transaction on each valuation date
To the Fund Custodian. The fund custodian shall review and confirm the net value calculation result and send it to the fund manager, who shall
The net value of the fund shall be announced as required.
9、 Fund asset valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, it shall evaluate the assets of the main pocket account and disclose the main pocket account in accordance with the provisions of this Part
And suspend the disclosure of fund net value information of side pocket account.
10、 Handling of special cases
1. When the Fund Manager or the Fund Custodian conducts valuation according to Item 11 of the valuation method, the error caused shall not be taken as the basis
Incorrect handling of gold asset valuation.
2. Due to force majeure, or due to the securities and futures exchanges, registration and clearing companies, deposit banks and other third-party machines
The data sent by the organization is wrong, or the national accounting policy changes, market rules changes and other non fund manager and fund custodian errors,
Although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures to check, they have failed to find errors
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The Fund Manager and the Fund Custodian shall be exempted from the liability for compensation for the resulting error in the valuation of the Fund assets. But the fund manager
The Fund Custodian shall actively take necessary measures to eliminate or mitigate the impact caused thereby.
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Part XII Income and Distribution of the Fund
1、 Composition of fund profits
Fund profit refers to the fund interest income, investment income, income from changes in fair value and other income after deducting relevant expenses
Balance: The realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
2、 Profit available for distribution of the fund
Profit available for distribution of the fund refers to the realized income in the undistributed profit and undistributed profit of the fund as of the base date of income distribution
Whichever is lower.
3、 Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the fund manager can distribute the income according to the actual situation,
The specific distribution plan shall be subject to the announcement. If the Fund Contract takes effect less than 3 months ago, no income distribution is required.
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash dividends or
Cash dividends are automatically converted into fund shares for reinvestment; If the investor does not choose, the default income distribution method of the Fund is now
Gold dividend; If the investor chooses dividend reinvestment for income distribution, the income shall be calculated after the closing of the day of ex right
The net value of all types of fund units shall be transferred to the corresponding types of fund units for reinvestment. Fund shares held by investors
(Original shares) The holding period of the dividend reinvested shares obtained shall be calculated according to the holding period of the original shares.
3. After the distribution of fund income, the net value of fund units cannot be lower than the par value; That is, all kinds of funds on the base date of fund income distribution
The net amount minus the amount of income distribution per unit of such fund units cannot be lower than the par value.
4. Each fund unit of the same category of the Fund shall enjoy the same distribution right. Due to the collection of various fund units of the Fund
The distributable profits corresponding to each fund share category will be different due to different expenses.
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
On the premise of complying with laws and regulations and the fund contract, and having no material adverse impact on the interests of fund share holders,
After reaching consensus with the Fund Custodian, the Fund Manager may adjust the distribution principle and payment method of the Fund's income without the need to
Convene a general meeting of fund share holders.
4、 Income distribution scheme
The fund income distribution plan shall specify the distributable profits as of the base date of income distribution, the objects of fund income distribution
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Distribution time, distribution amount and proportion, distribution method, etc. Because the distributable income corresponding to different fund share categories is not
Similarly, the Fund Manager may formulate different income distribution plans accordingly.
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 in accordance with the Information Disclosure Measures
The relevant provisions of shall be announced in the specified media.
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. Cash as an investor
When the dividend is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund registration authority may hold
The cash dividend of someone will be automatically converted into the corresponding fund shares. The calculation method of dividend reinvestment shall be in accordance with the Business Rules
Execution.
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. See the "Side pocket mechanism" section of the Prospectus for details
The agreement of.
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Part XIII Fund Fees and Taxes
1、 Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Sales service fee;
4. Information disclosure fees related to the Fund after the Fund Contract takes effect;
5. Accounting fees, attorney fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect;
6. Expenses for the general meeting of fund share holders;
7. Securities and futures transaction expenses of the Fund;
8. Reasonable expenses arising from investment in Hong Kong stocks;
9. Bank transfer fees of the Fund;
10. Account opening fee and account maintenance fee;
11. Other expenses that may be disbursed from the Fund assets in accordance with the relevant provisions of the State and the Fund Contract.
2、 Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at an annual fee rate of 1.50% of the net asset value of the Fund on the previous day.
The management fee is calculated as follows:
H ＝ E × 1.50% ÷ 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
The fund management fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. By the Fund Custodian in accordance with the
The manager checks the consistent financial data and automatically makes the fund payment according to the designated account path within five working days at the beginning of the next month,
The fund manager does not need to issue a capital transfer instruction.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at the annual fee rate of 0.25% of the net asset value of the Fund on the previous day.
The custody fee is calculated as follows:
H ＝ E × 0.25% ÷ days of the year
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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, accumulated day by day to the end of each month, and paid monthly. By the Fund Custodian in accordance with the
The manager checks the consistent financial data and automatically makes the fund payment according to the designated account path within five working days at the beginning of the next month,
The fund manager does not need to issue a capital transfer instruction.
3. Sales service fee
There is no sales service fee for Class A fund units of the Fund, and the annual sales service rate for Class C fund units is 0.60%.
The calculation method of the sales service fee for Class C fund units of the Fund is as follows:
H=E × 0.60% ÷ 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 sales service fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. Through the Fund Manager and Fund Custodian
After verification, the Fund Custodian shall withdraw the funds from the Fund within the first 5 working days of the next month in the manner agreed with the Fund Manager
The property shall be paid to the fund manager in a lump sum and paid to each fund sales agency by the fund manager. In case of legal holidays
In case of public holidays or other force majeure, the payment date shall be postponed.
Items 4-11 of the above "I. Types of fund fees" shall be paid according to the relevant regulations and corresponding agreements
The actual expenditure 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. The Fund Manager and the Fund Custodian fail to perform or fully perform their obligations, resulting in expenses or fund assets
Loss;
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 the relevant laws and regulations and the relevant provisions of the CSRC.
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 should be subject to the side pocket account
The account can be disbursed only after the assets are realized, and the relevant fees can be charged or remitted as appropriate, but management fees cannot be charged. See the prospectus for details
"Side pocket mechanism".
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5、 Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations. Fund finance
The relevant taxes on investment shall be borne by the fund share holders, and the fund manager or other withholding agents shall be subject to the relevant provisions of the state
Withholding and remitting according to tax collection regulations.
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Part XIV 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; The accounting year of the initial fund raising is
The following principle: If the Fund Contract takes effect for less than 2 months, it can be incorporated into the disclosure of the next accounting year.
3. The bookkeeping base currency for fund accounting is RMB yuan, and the bookkeeping unit is RMB yuan.
4. The accounting system shall follow the relevant national accounting system.
5. The Fund has independent accounts and accounting.
6. The Fund Manager and the Fund Custodian shall respectively keep complete accounting accounts and vouchers and conduct daily accounting,
Prepare fund accounting statements in accordance with relevant regulations.
7. The Fund Custodian and the Fund Manager shall check the accounting and statement preparation of the Fund on a monthly basis, and make an agreement
Confirm in a certain way.
2、 Annual audit of the Fund
1. The Fund Manager's engagement of mutual independence with the Fund Manager and the Fund Custodian is in accordance with the Securities of the People's Republic of China
The annual financial statements of the Fund prepared by the accounting firms and their certified public accountants as prescribed by the Law of the People's Republic of China (hereinafter referred to as the Securities Law)
Bank audit.
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. Replacement of accounting firm
It is necessary to make an announcement on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
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Part XV Information Disclosure of the Fund
1、 The information disclosure of the Fund shall comply with the Fund Law, the Operation Measures, the Information Disclosure Measures and the Liquidity Risk
Administrative Provisions, Fund Contract and other relevant provisions. When the provisions of relevant laws and regulations on information disclosure change,
The Fund follows its latest regulations.
2、 Information disclosure obligor
Information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the Fund that convenes the general meeting of Fund Unitholders
Natural persons, legal persons and unincorporated organizations specified by laws and regulations such as share holders and the CSRC.
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 laws, regulations and China's
The provisions of the CSRC shall disclose fund information and ensure the authenticity, accuracy, integrity, timeliness and conciseness of the information disclosed
Sex and accessibility.
The information disclosure obligor of the Fund shall, within the time limit specified by the CSRC, pass the information of the Fund that should be disclosed
National newspapers and periodicals (hereinafter referred to as "regulated newspapers and periodicals") that meet the requirements specified by the CSRC and those that meet the requirements of the Information Disclosure Measures
Internet website (hereinafter referred to as "regulated website") and other media disclosure, and ensure that fund investors can comply with the provisions of the Fund Contract
The time and method of consulting or copying publicly disclosed information.
3、 The Fund information disclosed by the Fund Information Disclosure Obligor shall not commit the following acts:
1. False records, misleading statements or major omissions;
2. To predict the performance of securities investment;
3. Committing gains or bearing losses in violation of regulations;
4. Slander other fund managers, fund custodians or fund sales agencies;
5. Publish congratulatory, complimentary or recommendatory words of any natural person, legal person or unincorporated organization;
6. Other acts prohibited by the CSRC.
4、 The information publicly disclosed by the Fund shall be in Chinese. If a foreign language text is used at the same time, the meaning of fund information disclosure
The agent shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts, the Chinese version shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the monetary unit is RMB.
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5、 Publicly disclosed fund information
The publicly disclosed fund information includes:
（1） Fund Prospectus, Summary of Fund Product Information, Fund Contract, Fund Custody Agreement, Fund Unit Issuance
Sales announcement
1. The Fund Contract defines the rights and obligations of the parties to the Fund Contract and defines the holding of fund shares
The rules and specific procedures for the convening of the National People's Congress, and the law explaining the characteristics of fund products and other matters involving the major interests of fund investors
Legal documents.
2. The prospectus of the fund shall disclose to the maximum extent all matters affecting the decisions of the fund investors, and explain the recognition of the fund
Purchase, subscription and redemption arrangements, fund investment; Liquidity risk assessment of the proposed investment market, industry and assets; Large redemption
Liquidity risk management measures; Implementation of standby liquidity risk management tools, procedures and potential for investors
Under influence; Fund product characteristics, risk disclosure, information disclosure and fund share holder services. Fund Contract
After taking effect, if the information in the prospectus of the fund changes significantly, the fund manager shall update the prospectus within three working days
The prospectus shall be published on the specified website; If other information in the prospectus changes, the fund manager shall
Update once. If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus of the Fund.
The fund product information summary is the summary document of the fund prospectus, which is used to provide investors with a concise fund summary letter
Interest. The fund manager shall prepare, disclose and update the summary of fund product information in accordance with laws and regulations and the provisions of the CSRC.
After the Fund Contract comes into force, if the information in the summary of fund product information changes significantly, the Fund Manager shall
Update the summary of fund product information within the working day, and publish it on the specified website and the website or business outlet of the fund sales agency; fund
If other information in the product data summary changes, the fund manager shall update it at least once a year. If the fund terminates its operation, the fund
The Manager will no longer update the fund product information summary.
3. The Fund Custody Agreement defines the activities of the Fund Custodian and the Fund Manager in the custody of the Fund property and the supervision of the Fund operation
Legal documents of the active rights and obligations.
4. The Fund Manager shall prepare an announcement on the sale of fund units with respect to the specific matters concerning the sale of fund units.
After the application for fund raising has been registered with the CSRC, the fund manager shall, three days before the sale of the fund units
The unit offering announcement, the indicative announcement of the fund prospectus, and the indicative announcement of the fund contract are published in the prescribed newspapers and periodicals; Base
Publication of gold unit offering announcement, fund prospectus, summary of fund product information, Fund Contract and fund custody agreement
On the prescribed website, the summary of fund product information shall also be published on the website or business outlet of the fund sales agency; Gikinto
The custodian shall also publish the Fund Contract and the Fund Custody Agreement on the specified website.
（2） Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall publish the Fund on the prescribed newspapers and websites on the next day after receiving the confirmation document from the CSRC
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Announcement of the effectiveness of the Contract.
（3） Net fund value information
After the Fund Contract comes into force, the Fund Manager shall, at least weekly
Disclose the net value of fund units and the cumulative net value of fund units once on the specified website.
After starting to handle the subscription or redemption of fund units, the fund manager shall notify
Disclose the net value of fund units and the accumulated net value of fund units on the opening day through the specified website, fund sales agency website or business outlet
Value.
The Fund Manager shall disclose the semi annual and annual information on the prescribed website no later than the next day after the last day of the semi annual and annual information
Net value of fund units and cumulative net value of fund units on the last day.
（4） Subscription and redemption price of fund units
The Fund Manager shall specify the subscription and redemption of fund units in the Fund Contract, Prospectus and other information disclosure documents
Calculation method of return price and relevant subscription and redemption rates, and ensure that investors can operate on the website of fund sales institutions
The outlets consult or copy the above information.
（5） Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
The Fund Manager shall, within three months from the end of each year, prepare and publish the annual report of the Fund
On the specified website, and publish the suggestive announcement of the annual report on the specified newspaper. Financial statements in the Fund's annual report
The report shall be audited by an accounting firm that complies with the provisions of the Securities Law.
The Fund Manager shall, within two months from the end of the first half of the year, complete the preparation of the interim report of the Fund and register the interim report
It is published on the specified website, and the suggestive announcement of the interim report is published on the specified newspaper.
The Fund Manager shall complete the quarterly report of the Fund within 15 working days from the end of the quarter and submit the quarterly report
The notice shall be published on the specified website, and the suggestive notice of the quarterly report shall be published on the specified newspaper.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report, interim report or
Annual report.
If a single investor holds 20% or more of the total fund shares during the reporting period
For the rights and interests of other investors, the fund manager shall at least report under the item of "other important information that affects the decisions of investors"
Disclose the investor's category, shares held at the end of the reporting period and their proportion, changes in shares held during the reporting period and the characteristics of the Fund
There are risks, except for special circumstances recognized by the CSRC.
The fund manager shall disclose the assets of the fund portfolio and its liquidity risk in the annual report and interim report of the fund
Analysis, etc.
（6） Interim report
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If a major event occurs to the Fund, the relevant information disclosure obligor shall prepare an interim report within 2 days and publish it in the Regulations
Fixed newspapers and websites.
The "major event" mentioned in the preceding paragraph refers to the event that may have a significant impact on the rights and interests of fund unit holders or the price of fund units
The following events for:
1. The convening and decisions of the general meeting of fund share holders;
2. The Fund Contract is terminated and the Fund is liquidated;
3. Conversion of fund operation mode and fund merger;
4. Change the fund manager, fund custodian, fund share registration agency, and change the fund to an accounting firm;
5. The fund manager entrusts the fund service agency to handle the registration, accounting, valuation and other matters of fund shares on behalf of the fund
The 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 Fund Manager changes the shareholders holding more than 5% of the equity and the actual controller of the Fund Manager;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. The senior management of the fund manager, the fund manager and the head of the special fund custody department of the fund custodian have changed
Dynamic;
10. The directors of the Fund Manager have changed by more than 50% in the last 12 months;
11. The main business personnel of the Fund Manager and the Fund Custodian's special fund custody department have changed in the last 12 months
More than 30%;
12. Litigation or arbitration involving fund management business, fund property and fund custody business;
13. The fund manager or its senior management personnel and fund manager are subject to major administration due to fund management business related behaviors
Penalty and criminal punishment: the Fund Custodian or the head of its special fund custody department is severely punished due to acts related to fund custody business
Major administrative punishment and criminal punishment;
14. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders, and the actual control
Securities issued by or underwritten during the underwriting period by a person or a company that has a major interest with him or her, or engaging in other major activities
Related party transactions, unless otherwise stipulated by the CSRC;
15. Fund income distribution matters;
16. Accrual standards, methods and fees for management fees, custody fees, sales service fees, subscription fees, redemption fees, etc
Rate changes;
17. 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;
18. The Fund begins to handle subscription and redemption;
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19. The Fund is redeemed in large amount and postponed;
20. The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
21. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
22. Major events involving adjustment of fund subscription and redemption events or potential impact on investors' redemption occur;
23. Adjust the setting of fund share categories;
24. The Fund launches new businesses or services;
25. The Fund Manager adopts the swing pricing mechanism for valuation;
26. The number of fund share holders of the Fund is less than 200 for 30, 40 or 45 consecutive working days or the Fund
The net asset value is less than 50 million yuan;
27. The Fund Information Disclosure Obligor believes that it may cause heavy losses to the rights and interests of the Fund Unitholders or the price of the Fund Units
Other matters with great influence or other matters prescribed by the CSRC.
（7） Clarification announcement
During the duration of the Fund Contract, any news appearing in any public media or circulating in the market may
Where the price of fund units has a misleading effect or causes a large fluctuation, and may damage the rights and interests of fund unit holders
The information disclosure obligor shall immediately make public clarification of the information after it becomes aware of it.
（8） Resolution of the general meeting of fund share holders
The matters decided by the general meeting of fund unit holders shall be reported to the CSRC for record and announced in accordance with the law.
（9） Liquidation report
If the fund contract is terminated, the fund manager shall organize a fund assets liquidation team to liquidate the fund assets and
Issue the liquidation report. The Fund Assets Liquidation Team shall publish the liquidation report on the specified website and make the liquidation report suggestive to the public
The notice was published in the required newspapers.
（10） Information disclosure of investment in special investment varieties
If the Fund invests in Hong Kong Stock Connect stocks, depositary receipts, asset-backed securities, stock index futures, treasury bond futures, stock options
When credit derivatives and financing business are involved, the fund manager will disclose information in accordance with relevant laws and regulations. Specific package
Including:
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports, as well as the Prospectus (update) and other documents
The documents disclose the investment in Hong Kong stocks and fully reveal the relevant risks of investing in Hong Kong stocks. Legal law
Regulations or other provisions of the CSRC shall prevail.
The information disclosure of the Fund's investment in depositary receipts shall be subject to the domestic listed stocks.
The Fund Manager shall disclose the total amount of asset-backed securities and asset-backed securities held by it in the Fund's annual report and interim report
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The proportion of the market value of securities in the net assets of the Fund and the details of all asset-backed securities during the reporting period. The Fund Manager shall
The report discloses the total amount of asset-backed securities held, the proportion of the market value of asset-backed securities in the net assets of the fund and the reporting period
Details of the top 10 asset-backed securities ranked by the proportion of market value in the net assets of the fund.
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports, as well as the Prospectus (update) and other documents
The documents disclose the trading of stock index futures and treasury bond futures, including investment policies, positions, profits and losses, risk indicators, etc,
And fully reveal the impact of stock index futures and treasury bond futures transactions on the overall risk of the fund and whether they conform to the established investment policies
And investment objectives.
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports, as well as the Prospectus (update) and other documents
Relevant information about participating in stock option trading is disclosed in the document, including investment policies, positions, profits and losses, risk indicators
Valuation methods, and fully reveal the impact of stock option trading on the overall risk of the fund and whether it conforms to the established investment policies
And investment objectives.
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports, as well as the Prospectus (update) and other documents
The documents disclose the investment of credit derivatives, including investment strategies, positions, etc., and fully disclose the investment of credit derivatives
The impact on the overall risk of the fund and whether it conforms to the established investment objectives and strategies.
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports, as well as the Prospectus (update) and other documents
Relevant information about participation in financing transactions, including investment strategy, business development, profit and loss, risk and management
Management, etc.
（11） 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 and regulations, fund contracts and recruitment instructions
Information disclosure is required in the prospectus. See the agreement in the "side pocket mechanism" section of the prospectus for details.
（12） 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 and designate special departments and senior managers
Members are responsible for managing information disclosure.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information disclosure content and
Format criteria and other regulations.
The Fund Custodian shall, in accordance with the relevant laws and regulations, the provisions of the CSRC and the Fund Contract
Net fund value information, purchase and redemption price of fund units, regular fund reports, updated prospectus
Review and review relevant fund information publicly disclosed such as fund product information summary and fund liquidation report, and report to the fund management department
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The manager shall make written or electronic confirmation.
The Fund Manager and the Fund Custodian shall choose among the required newspapers and periodicals to disclose information, and only one newspaper is required for a single fund
Home newspapers. The fund manager and the fund custodian shall submit the fund letter to be disclosed to the fund electronic disclosure website of the CSRC
And ensure that the information submitted is true, accurate, complete and timely.
In addition to disclosing information as required by laws and regulations, fund managers and fund custodians can also focus on providing information for investors to make decisions
From the perspective of useful information, on the premise of ensuring fair treatment of investors, not misleading investors, and not affecting the normal investment operation of funds
We will independently improve the quality of information disclosure services. The specific requirements shall comply with the relevant provisions of the CSRC. The aforesaid independent disclosure
If information disclosure fees are incurred, such fees shall not be disbursed from the fund assets.
The professional institutions that issue audit reports and legal opinions for the fund information publicly disclosed by the fund information disclosure obligor shall
When working papers are prepared and relevant files are kept for at least 10 years after the termination of the Fund Contract.
7、 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, in accordance with the relevant laws and regulations
The information is kept at the company's domicile for public reference and reproduction.
8、 The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund related information when:
1. The securities and futures exchange or foreign exchange market involved in the fund investment is suspended from business on statutory holidays or for other reasons
Hour;
2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure;
3. When the specific assets account for more than 50% of the net asset value of the fund on the previous valuation date, after consultation with the fund custodian
The fund manager suspends the valuation;
4. Other circumstances specified by laws and regulations, and recognized by the CSRC and the Fund Contract.
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Part XVI Side pocket mechanism
1、 Implementation conditions and procedures of side pocket mechanism
When the Fund holds specific assets and there are or potential large redemption applications, the fund shares shall be held according to the maximum protection
The Fund Manager may, after consultation with the Fund Custodian and consultation with the accounting firm
The side pocket mechanism shall be used in accordance with the laws and regulations and the fund contract, without the need to convene a general meeting of fund share holders for deliberation.
The fund manager shall report to the CSRC and the CSRC where the fund manager is located on the day when the side pocket mechanism is enabled
Exit institution filing.
On the day when the side pocket mechanism is activated, the fund manager shall confirm the corresponding
Side pocket account share.
2、 Fund operation arrangements during the implementation of the side pocket mechanism
（1） Subscription and redemption of fund units
1. Side pocket account
During the implementation of the side pocket mechanism, the fund manager will not handle the subscription and redemption of the side pocket account. Fund share holder's application
In case of purchase or redemption of fund units in side pocket account, the application for purchase or redemption will be rejected.
2. Main pocket account
The Fund Manager will, in accordance with the law, ensure that the holders of units in the main pocket account enjoy the redemption rights agreed in the fund contract, and
The account operation shall reasonably determine the subscription arrangement, and the specific matters will be specified by the fund manager in the relevant announcement at that time.
When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date, the fund will
The Manager shall suspend the valuation of the Fund, suspend the acceptance of the application for subscription and redemption of the Fund, or suspend the payment of redemption funds.
（2） Investment of the Fund
During the implementation of the side pocket mechanism, all investment operation indicators and fund performance indicators of the Fund shall be based on the main pocket account assets
Benchmark.
In principle, the fund manager should complete the adjustment of the main pocket account portfolio within 20 trading days after the side pocket mechanism is activated
Only, except for the circumstances stipulated by the CSRC, such as limited asset liquidity.
（3） Fund expenses
During the implementation of the side pocket mechanism, no management fee will be charged for the assets of the side pocket account. The fund manager can
The expenses shall be disbursed from the side pocket account assets, but shall not be disbursed until the specific assets are realized.
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（4） Income distribution of the Fund
During the implementation of the side pocket mechanism, when the shares of the main pocket account meet the conditions for income distribution of the fund contract, the fund manager
Income distribution can be carried out for the share of main bag account. The income and distribution terms of the fund contract are no longer applicable to the side pocket account shares.
（5） Information disclosure of the Fund
1. Net fund value information
During the implementation of the side pocket mechanism, the fund manager shall suspend the disclosure of the net value of fund units and the cumulative amount of fund units in the side pocket account
Net worth.
2. Periodic reports
The Fund Manager shall disclose the progress of the disposal of specific assets during the reporting period in the regular report of the Fund. Disclosure report period end
If the net realizable value or net value range of a specific asset does not represent the final realization price of the specific asset,
It is not a commitment of the fund manager to the final realization price of specific assets.
3. Interim report
When the fund manager starts the side pocket mechanism, disposes of specific assets, terminates the side pocket mechanism, and other possible risks to investors
Temporary announcements shall be issued in a timely manner after matters that have a significant impact on interests.
The contents of the temporary announcement for the launch of the side pocket mechanism shall include the reasons and procedures for the launch, the liquidity and valuation of specific assets
Important information such as the impact on the subscription and redemption of investors, risk tips, etc.
The contents of the temporary announcement on the disposal of specific assets shall include the price and time for the disposal of specific assets, and the holding of shares in the side pocket account
Important information such as the amount paid by people and the occurrence of relevant expenses.
（6） Disposal and liquidation of specific assets
The Fund Manager will, in accordance with the principle of maximizing the interests of fund share holders, take measures such as disposal and realization of specific assets
To pay the corresponding amount to the side pocket account share holder in a timely manner.
（7） Audit of side pockets
The Fund Manager shall, after enabling the side pocket mechanism and terminating the side pocket mechanism, timely employ the funds that meet the requirements of the People's Republic of China Securities
The accounting firm specified in the Securities Law shall conduct audit and disclose special audit opinions.
（8） The relevant provisions of this part on the side pocket mechanism refer directly to laws, regulations or regulatory rules, such as
If the relevant contents are cancelled or changed due to the modification of laws, regulations or regulatory rules in the future, the Fund Manager shall consult with the Fund Custodian
After consultation and implementation of appropriate procedures, the content of this part can be directly modified and adjusted without convening fund share holders
Deliberation by the General Assembly.
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Part XVII Risk Disclosure
1、 Main risks of investing in the Fund
The Fund's risks mainly include: market risk, management risk, liquidity risk, operational and technical risk, and compliance
Risk, the risk of the termination of the Fund Manager's duties, the unique risk of the Fund and other risks.
（1） Market risk
The fund mainly invests in the securities market, and the price of the securities market is affected by economic factors, political factors, investment psychology and
It is easy to fluctuate due to the influence of various factors such as systems, which will lead to changes in the level of fund returns and risks. major
Risk factors include:
1. Policy risk. Due to national macro policies (such as monetary policy, fiscal policy, industrial policy, regional development policy, etc.)
Change, resulting in market price fluctuations and risks.
2. Business cycle risk. With the cyclical change of economic operation, the income level of the securities market also changes periodically.
When the fund invests in bonds, the income level will also change accordingly, resulting in risks.
3. Interest rate risk. The interest rate directly affects the price and yield of bonds, as well as the financing costs and profits of enterprises.
When a fund invests in bonds, its income level will be affected by changes in interest rates. The price of bonds held by the Fund when interest rates rise
If the duration of the fund portfolio is longer, it will cause losses to the fund assets.
4. Purchasing power risk. The fund's profits can be distributed in the form of cash, which may be affected by inflation
This will lead to a decline in purchasing power, which will lead to a decline in the actual income of the fund.
5. Reinvestment risk. Reinvestment risk reflects the impact of interest rate decline on the reinvestment income of fixed income securities interest income
This and the price risk (i.e. interest rate risk) brought by the rise of interest rate are mutually fluctuating. Specifically, when the interest rate drops, the fund
When reinvesting the interest income from the invested fixed income securities, it will obtain less yield than before, which will affect the
The net value growth rate of the fund has an impact.
6. Credit risk. If the bond issuer defaults, fails to pay the due principal and interest, or due to the credit of the bond issuer
The decline of bond price due to the reduction of grade, or the risk of securities delivery due to the default of securities counterparties, or due to the issuer of notes
The risk of failure to honor at maturity due to the possible deterioration of the credit status of banks and deposits.
7. Business risk of the company. The operation of the company is affected by many factors, such as management ability, industry competition and market
Prospects, technology updates, financial conditions, new product research and development, etc. will lead to changes in the company's profitability. If the fund invests
If the listed company of the fund does not operate well, the price of its securities may fall, or the profits that can be used for distribution may decrease, making the fund invest
The income decreases, or the company's solvency is affected. Although funds can diversify this unsystematic wind through investment diversification
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Risk, but can not be completely avoided.
（2） Managing risk
Fund managers' professional skills, research ability and investment management level directly affect their possession, analysis and
The judgment on the economic situation and the trend of securities price will affect the investment income level of the fund. At the same time, the investment of the fund manager
Whether the asset management system, risk management and internal control system are sound, and whether they can effectively prevent moral risks and other compliance risks,
As well as the professional ethics level of the fund manager, it will also affect the risk return level of the fund.
（3） Liquidity risk
In the process of fund opening, the fund manager may fail to realize the fund assets at a reasonable price in time to pay for investment
The risk of redemption of funds by investors. The goal of liquidity risk management is to ensure the liquidity of fund portfolio assets and the redemption of investors
Demand matching and balance.
1. Fund subscription and redemption arrangements
The subscription and redemption arrangements of the Fund are detailed in the "Part VIII Subscription and Redemption of Fund Units" section of the Prospectus.
2. Liquidity risk assessment of the proposed investment market, industry and assets
The investment scope of the Fund is detailed in the "II. Investment Scope" section of "Part IX Investment of the Fund" in the Prospectus.
From the perspective of investment scope, the financial instruments invested by the Fund are basically of good liquidity. For non-public offering
Assets backed securities with poor liquidity, suspended shares, new shares with restricted circulation and non-public offerings
The Fund strictly complies with the Liquidity Risk Management Guidelines for bonds and other assets with limited liquidity that cannot be transferred or traded due to debt default
Requirements of the Regulations, liquidity arrangement of the product itself, historical experience, display conditions and other factors, and strictly control the corresponding varieties
Investment proportion of. Therefore, the liquidity risk of the investment object of the Fund is controllable.
3. Liquidity risk management measures in the case of huge redemption
When the fund has a huge redemption, the fund manager can adopt the following liquidity based on the current asset portfolio of the fund
Sexual risk management measures:
(1) Delaying the application for massive redemption;
(2) Suspend accepting redemption application;
(3) Suspend the payment of redemption money;
(4) Swing pricing;
(5) Other measures recognized by the CSRC.
4. Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
After consultation with the Fund Custodian, the Fund Manager may, on the premise of ensuring that investors are treated fairly, comply with laws and regulations
Regulate the provisions of the fund contract, comprehensively use various liquidity risk management tools, make appropriate adjustments to the redemption application
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It is an auxiliary measure for liquidity risk of fund managers under specific circumstances, including but not limited to:
(1) Extension of redemption application
For investors, please refer to "IX. Large amount redemption" in "Part VI Subscription and Redemption of Fund Units" of the Fund Contract
Situation and handling method of the Fund ", and understand in detail the situation and procedures of the Fund's deferred redemption application.
In this case, the investor's partial redemption application may be postponed, and the investor's
The net value of fund units may be different from the net value of fund units when the redemption application is submitted.
(2) Suspend accepting redemption application
For investors, please refer to "VIII. Suspension of Redemption" in "Part VI Subscription and Redemption of Fund Units" of the Fund Contract
Or the situation of delaying the payment of redemption money "and" IX. The situation and handling method of massive redemption ", and learn more about the suspension of the Fund
The circumstances and procedures of accepting the redemption application.
In this case, the investor's partial or full redemption application may be rejected, and the investor's
The net value of fund units may be different from the net value of fund units when the redemption application is submitted.
(3) Deferred payment of redemption money
For investors, please refer to "VIII. Suspension of Redemption" in "Part VI Subscription and Redemption of Fund Units" of the Fund Contract
Or delay in payment of redemption money "and" IX. Situation and handling method of huge redemption ", and learn more about the Fund's delay
The circumstances and procedures of payment of redemption money.
In this case, the time for the investor to receive the redemption money may be delayed than that under normal circumstances.
(4) Suspend fund valuation
For investors, please refer to "VII. Suspension of valuation" in "Part XIV Fund Asset Valuation" of the Fund Contract,
To have a detailed understanding of the circumstances and procedures of the suspension of valuation of the Fund.
In this case, the investor has no net value of fund units for reference, and the redemption application may be postponed or
Suspend acceptance, or suspend payment of redemption money.
(5) Swing pricing
In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism to ensure that the Fund
Fairness of valuation.
In this case, the net value of the fund units when the investor subscribes or redeems the fund units will be based on the market of the investment portfolio
Adjust the impact cost so that the impact cost of the market can be allocated to the investors who actually apply for and redeem, thus reducing
The adverse impact on the interests of the holders of stock fund units shall ensure that the legitimate rights and interests of investors are not damaged and are treated fairly.
5. Side pocket mechanism
The side pocket mechanism is a liquidity risk management tool that separates specific assets into a special side pocket account for disposal and liquidation,
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And pay the fund share holders with the amount after disposal and realization, with the purpose of effectively isolating and resolving risks. But the fund
After the side pocket mechanism is enabled, the side pocket account units will stop disclosing the net value of fund units and may not handle subscription, redemption, conversion, etc
Business, only the main pocket account units are normally open for redemption, so when the side pocket mechanism is enabled, the holders of fund units will
After the side pocket mechanism, the main pocket account share and the side pocket account share are held at the same time. The side pocket account share cannot be redeemed. The side pocket account corresponds to
The realization time and final realization price of specific assets are uncertain, and it is possible that the realization price is significantly lower than the activation side
Fund share holders may suffer losses due to the valuation of specific assets in the bag mechanism.
For the redemption application received on the day when the side pocket mechanism is activated, the fund manager only handles the redemption application of the main pocket account and pays
Redemption funds, the subscription application received on the same day shall be deemed as the subscription application submitted by the main pocket account of the investor after the side pocket mechanism is activated
It may be different from the investor's expectation, which may affect the investor's investment and fund arrangement.
During the implementation of the side pocket mechanism, the Fund does not disclose the net value of the side pocket account shares, even if the Fund Manager
The net realizable value or net value range of specific assets disclosed in the report at the end of the reporting period is not regarded as the final realization price of specific assets
Commitment: The Fund Manager will not assume any responsibility for any guarantee and commitment. The fund manager will make reasonable decisions according to the operation of the main account
Determine the subscription policy, so it is possible to suspend the subscription of the main pocket account share after the implementation of the side pocket mechanism.
After the side pocket mechanism is enabled, the fund manager only needs to consider the main pocket account when calculating various investment operation indicators and fund performance indicators
Therefore, the performance indicators disclosed by the Fund cannot reflect the value and changes of specific assets.
（4） Operational and technical risks
During the operation of each business link, the relevant parties of the fund may be caused by inadequate internal control or human factors
Risks caused by operational errors or violation of operating procedures, such as unauthorized trading, insider trading, trading errors and fraud.
In the backstage operation of the fund, the failure or error of the technical system may affect the normal transaction or even the guidance
The interests of fund share holders are affected. Such technical risks may come from fund managers, fund custodians, and registers
Organizations, sales institutions, stock exchanges, securities registration and clearing institutions, etc.
According to the relevant business rules on the front-end risk control of securities trading funds, Zhongdeng Company and the Exchange have
Front end limit control of transaction funds may affect
The normal transaction or the interests of investors are affected.
（5） Compliance risk
It refers to the violation of national laws and regulations in the process of fund management or operation, or the violation of laws and regulations and fund investment
Risks related to the contract.
（6） Risk of termination of fund manager's duties
Due to illegal operations or major risks, the Fund Manager may be disqualified from fund management or
Dissolution according to law, being canceled according to law, or being declared bankrupt according to law. In case of termination of the Fund Manager's duties
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They are exposed to the risk of changing the fund manager or terminating the fund contract. The Fund Manager's duties are terminated, involving the Fund Manager
In case of division of responsibilities between the Fund Manager and the new Fund Manager, the relevant Fund Manager shall be liable for their respective performance of duties according to law
Responsibility.
（7） The Fund's unique risks
1. The Fund sets a holding period of 365 days for each fund unit transferred by subscription/subscription/conversion. about
The Fund Manager will not confirm the application for redemption of fund units held for less than the holding period. Therefore, the fund share holders will face
Liquidity risk arising from failure to redeem fund units during the temporary holding period.
2. The Fund may, according to the needs of its investment strategy or the changes in the market environment of different allocation places, choose to allocate some of its assets
It is not necessary to invest fund assets in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks
Hong Kong stocks are generally subject stocks. Investing in the underlying stocks of Hong Kong Stock Connect may expose the Fund to the investment environment
The unique risks brought about by differences in the subject matter, market system and trading rules include but are not limited to:
(1) Risk of large fluctuation of stock price in Hong Kong stock market
The Hong Kong stock market implements T+0 turnaround trading, and there is no limit on the rise and fall of individual stocks, so there is relatively large room for daily rise and fall,
The share price of Hong Kong shares may show more drastic fluctuations than that of A-shares, which makes the Fund face greater investment risks.
(2) Exchange rate risk
Exchange rate fluctuations may cause losses to the investment income of the Fund. The Fund is sold and settled in RMB, and Hong Kong dollars are relative to people
The change in the exchange rate of RMB will affect the asset value of the stock investment part of the Fund's Hong Kong Stock Standard, thus leading to the increase in the asset value of the Fund
Temporary potential risks; The fluctuation of the RMB exchange rate against the Hong Kong dollar may also increase the fluctuation of the net value of the fund, which may have an impact on the performance of the fund
influence.
In addition, when the Fund invests in the underlying stocks of the Hong Kong Stock Connect, it shall submit the purchase reference of Hong Kong dollars on which the order is based during trading hours
The exchange rate and the selling reference exchange rate are not equal to the final settlement exchange rate. At the end of the trading day of Hong Kong Stock Connect, China Securities Depository and Clearing Co., Ltd
The responsible company conducts net exchange, apportions the exchange cost to each transaction according to the transaction amount, and determines the actual applicable settlement of the transaction
Exchange rate also exposes the Fund's investment to exchange rate risk.
(3) Possible risks caused by inconsistent trading days under the Hong Kong Stock Connect mechanism
According to the current Hong Kong Stock Connect rules, only the trading days in China and Hong Kong are trading days and can meet the settlement arrangements
It is the trading day of the Hong Kong Stock Connect, so there will be inconsistent trading days of the Hong Kong Stock Connect (for example, the mainland market is closed due to holidays and other reasons
When the Hong Kong market is trading as usual but not on the trading day of the Hong Kong Stock Connect, typhoon, black rainstorm or
When the market is suspended due to other circumstances, the exchange may suspend the provision of some or all of the Hong Kong Stock Connect services in case of abnormal trading conditions
Under the circumstances). When a working day is a non Hong Kong Stock Connect trading day, the Fund has the right not to open subscription, redemption and other businesses
The price fluctuation of the Hong Kong shares held by the Fund may suddenly increase when the Hong Kong Stock Connect is opened for trading on subsequent trading days
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This will lead to the risk of increased volatility in the asset valuation of Hong Kong shares held by the Fund, which will affect the net value of fund shares
Large fluctuation.
3. The Fund may invest in depositary receipts. If it invests, the net value of the Fund may be subject to the overseas underlying securities price of the depositary receipts
Impact of fluctuations, risks related to overseas underlying securities of depositary receipts, and risks related to the issuance mechanism and trading mechanism of depositary receipts
The risk may directly or indirectly become the risk of the Fund.
4. The Fund can invest in stock index futures and treasury bond futures. The futures adopt the margin trading system
The transaction is leveraged. In case of adverse market conditions, minor changes in relevant market conditions may cause damage to investors' equity
It suffered a great loss. Futures adopt the daily debt free settlement system. If the margin is not replenished within the specified time,
It will be forced to close positions according to regulations, which may cause significant losses to the investment.
5. The Fund may invest in stock options, which may involve liquidity risk, price risk, operational risk, etc. (1) Mobility
Sexual risk. Since there are many stock option contracts and the transactions are scattered, the liquidity of stock option market is generally higher than that of futures market
Low, especially deep real value and unreal value stock options. The trading volume is scarce. Investors holding these stock options are easy to encounter
The situation that the transaction cannot be concluded and the position is closed out. (2) Price risk. The price risk of the stock option buyer is its right
The risk is deterministic. The price risk of the seller of stock options is uncertain, but the premium it receives can provide corresponding
Protection, which can offset some losses when losses occur. (3) Operational risk. Operational risk refers to the risk caused by poor management or
Risks caused by problems in system implementation and other reasons. As a derivative, stock options can be used to manage risks,
However, if used improperly, it will also cause huge losses.
6. The Fund can invest in credit derivatives to hedge credit risk, and investment in credit derivatives may face liquidity risk
Insurance, repayment risk and price fluctuation risk. Liquidity risk refers to the failure of credit derivatives to
The risk of finding counterparties or finding few counterparties, which makes it difficult to realize them at a reasonable price; Repayment risk is a credit risk
During the duration of the product, due to uncontrollable changes in the market and environment, the founding organization may have poor operating conditions or establishment
The cash flow of the institution deviates from the expectation to some extent, thus affecting the risk of credit derivatives settlement; The risk of price fluctuation is caused by
Changes in the operating conditions or interest rate environment of the originator or the protected bond subject lead to the adjustment of the credit rating agency
The risk of fluctuation in the price of credit derivatives transactions caused by the establishment of institutions or the credit rating of protected bonds.
7. The Fund can invest in asset-backed securities. If it invests, asset-backed securities may face credit risk and interest rate risk
Risks such as insurance, liquidity risk, prepayment risk, operational risk and legal risk, which may increase the net value of the Fund
Volatility.
8. The Fund may conduct financing business transactions in accordance with laws and regulations and the Fund Contract, which may lead to leveraged investment risks
Risk, early settlement financing transaction risk, collateral addition and compulsory closing risk, counterparty transaction risk and other financing business characteristics
Risk.
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9. Fund voluntary liquidation risk. After the Fund Contract comes into effect, the number of Fund Unitholders is not
If the number of people reaches 200 or the net asset value of the fund is less than 50 million yuan, the fund manager will terminate the fund contract and
Liquidation shall be carried out according to the procedures agreed in the contract, and it is not necessary to hold a general meeting of fund share holders to vote on this matter. Therefore, fund shares
Holders may be exposed to the risk of voluntary liquidation of the Fund.
（8） Other risks
1. Due to the rapid development of fund business, the system construction, staffing, risk management and internal control system are not perfect
The risk arising from.
2. Possible risks due to financial market crisis and industrial competitive pressure.
3. The emergence of war, natural disasters and other force majeure factors may seriously affect the operation of the securities market, leading to the fund
Loss of production.
4. Risks caused by other accidents.
2、 Statement
1. The Fund is not guaranteed by any government, institution or department at any level. Investors who wish to invest in the Fund must undertake
Take investment risks.
2. In addition to the Fund Manager directly handling the sale of the Fund, the Fund may also be sold through a sales agency. However,
The Fund is not a deposit or liability of the selling institute on a commission basis, nor has it been guaranteed or endorsed by the selling institute on a commission basis, and the selling institute on a commission basis cannot guarantee
To ensure the security of its income or principal.
3. The Fund Manager promises to manage and use the Fund assets in the principle of honesty, credit and diligence, but does not guarantee the Fund
Gold is certain to be profitable, and it does not guarantee the minimum income. The Fund's past performance and its net worth do not predict its future performance.
The fund manager reminds investors of the principle of "buyer's conceit" in fund investment. After making investment decisions, the fund operation status and
The investment risk caused by the change of the net value of the Fund shall be borne by the investors themselves.
4. The statements on risk return characteristics in the investment section of the Fund's legal documents are based on the investment scope, investment proportion
A general description of the general laws of the securities market. The sales agency conducts risk assessment on the Fund in accordance with relevant laws and regulations,
Different sales agencies adopt different evaluation methods, so the risk level evaluation of sales agencies is the same as that in the fund legal documents
The expression of the characteristics of insurance income may be different, and investors need to complete risk acceptance according to the requirements of the sales agency when purchasing the Fund
Subject to the matching test between capability and product risk, investors should always pay attention to the update of the risk level of the Fund, and carefully
Make investment decisions.
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Part XVIII Change and Termination of Fund Contract and Liquidation of Fund Assets
1、 Changes to the Fund Contract
1. The change of the fund contract involving the provisions of laws and regulations or the fund contract shall be approved by the resolution of the general meeting of fund share holders
A resolution shall be passed at a general meeting of fund share holders. For the provisions of laws and regulations and the fund contract
The matters approved by the general meeting of fund unit holders shall be changed and announced after the consent of the fund manager and the fund custodian, and shall be reported to
Recorded by China Securities Regulatory Commission.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it takes effect, and the resolution shall take effect
Announce in the specified media within the next two days.
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;
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: establish the fund asset within 30 working days from the date of termination of the Fund Agreement
The asset liquidation group, the fund manager or the temporary fund manager shall organize the asset liquidation group under the supervision of the CSRC
Conduct fund liquidation.
2. Before the Fund assets liquidation team takes over the Fund assets, the Fund Manager and the Fund Custodian shall
Continue to perform the responsibility of protecting the security of the Fund's assets in accordance with the provisions of the Trust Agreement and the Trust Agreement.
3. Composition of the fund assets liquidation group: the members of the fund assets liquidation group are the fund manager or the temporary fund manager
The Fund Custodian, certified public accountants and lawyers meeting the requirements of the Securities Law, and personnel designated by the CSRC. base
The gold property liquidation team may employ necessary staff.
4. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation, valuation and change of the Fund assets
Present and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
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5. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Asset Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to issue the liquidation report
Legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
6. The time limit for the liquidation of the Fund's assets is six months, but it cannot be timely because the liquidity of the securities held by the Fund is restricted
In case of liquidation, 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 group of the fund assets shall give priority to the payment from the remaining assets of the fund.
5、 Distribution of residual assets in the liquidation of fund assets
In accordance with the distribution plan for the liquidation of the Fund assets, all remaining assets after the liquidation of the Fund assets shall be deducted from the liquidation fees of the Fund assets
After paying the taxes owed and paying off the fund debts, the fund shall be distributed in proportion to the fund units held by the fund unit holders.
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 has been approved by the
The accounting firm shall audit and the law firm shall issue a legal opinion, which shall be reported to the CSRC for filing and announcement. Fund asset liquidation
The announcement shall be made by the Fund Assets Liquidation Team within 5 working days after the Fund Assets Liquidation Report is submitted to the CSRC for filing.
7、 Preservation of fund assets liquidation books and documents
The fund asset liquidation account book and relevant documents shall be kept by the fund custodian for a period not less than the minimum period prescribed by laws and regulations
Years.
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Part XIX Summary of the Fund Contract
See Annex I for a summary of the contents of the fund contract.
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Part XX Summary of the Fund Custody Agreement
See Annex II for the summary of the Fund Custody Agreement.
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Part XXI Services for Fund Unitholders
The services to the Fund Unitholders are mainly provided by the Fund Manager and the Fund Sales Agency. The Fund Manager undertakes to
The Fund Unitholders shall provide a series of services and have the right to increase and
Modify the service items. The main services provided are as follows:
1、 Service of sending transaction information of fund share holders
1. Transaction Confirmation
After the fund contract comes into effect, investors can submit valid applications on T day through the website of the sales agency within T+2 working days
Click the counter or inquire and print the transaction confirmation in other ways specified by the sales agency, or pass Pengyang within T+1 working days
Customer service hotline: 4009686688, Pengyang website (www.pyamc. com) to check the transaction confirmation. The fund manager does not invest
The investor sends the transaction confirmation.
2. Fund transaction statement
At the end of each month, the fund manager sends an email statement to all investors who have customized the email statement.
Investors can log in to Pengyang website (www.pyamc. com) for self-service customization; You can also call Pengyang customer service hotline directly
4009686688 customized.
3. The mobile phone number and e-mail address provided by the investor are unknown, wrong, not changed in time or the e-mail address is set
Communication failure, delay and other reasons may cause the statement not to be delivered on time or accurately. Due to the above reasons, it is impossible to collect the right
Investors of bills, please check and change your reserved contact through Pengyang website or call Pengyang customer service telephone
Mode.
2、 SMS and email messaging services
The fund manager provides the fund investors with information customization services such as SMS and email. The fund investors can
If necessary, the service can be customized, modified or cancelled through the fund manager's customer service hotline or official website.
1. Customized content provided by SMS service includes fund weekend net value, fund transaction confirmation, dividend confirmation, month
End account balance and other information.
2. Customized content that can be provided by e-mail service includes fund weekend net value, fund transaction confirmation, dividend confirmation, month
End account balance, electronic statement and other information.
3. In addition to sending the above information customized by fund investors, the fund manager will leave mobile phone numbers and electronic
Fund investors with email addresses, send holiday and birthday greetings, product promotion and other information. If the fund investor does not need to receive
For such information, the service can be cancelled through the customer service hotline of the fund manager.
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4. Mobile phone short messages are sent by external communication service providers, e-mail is transmitted via the Internet, and fund management
The manager sends relevant information according to the service rules, but does not promise and guarantee the delivery of information.
3、 Pengyang customer service telephone service
Pengyang customer service telephone automatic voice system provides 7 × 24 hours of transactions, fund account balance, fund products and services
And other information.
Pengyang customer service telephone Manual agent provides services for fund investors every trading day (9:00-17:00), customer service hotline
The services include business consultation, information inquiry, service complaint, information customization, data modification and other special services.
Customer service hotline: 400-968-6688
4、 Electronic inquiry service
The fund investor can complete the inquiry business of the fund account through the online inquiry system of the fund manager.
Official website: www.pyamc.com
5、 Complaint acceptance service
Fund investors can call Pengyang customer service hotline or email to raise the information about the fund manager and sales outlets
Make complaints about the services provided by.
Complaints accepted during working days shall be handled in the principle of "timely response",
The Fund Manager promises to respond to the complaints of the fund investors within three working days. For complaints filed on non working days,
The Fund Manager will reply in the next working day.
Customer service email: service@pyamc.com
6、 Direct selling electronic trading platform account opening and trading services
Fund investors can log in to the fund manager's direct selling electronic trading platform or other mutual trading platform designated and authorized by the fund manager
Online platform for account opening and transaction. Applicable business scope includes: fund account opening, subscription, subscription, redemption and account capital
Material change, dividend method change, information query and other businesses. The online trading business rules shall be subject to the announcement.
7、 If there is any content in this prospectus that you/your institution cannot understand, please contact the fund manager through the above way
Manage people. Please ensure that you/your organization has fully understood this prospectus before investing.
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Part XXII Storage and Reference Methods of Prospectus
After the prospectus is published, it shall be kept at the residence of the fund manager, the fund custodian and the fund sales institution respectively,
For public reference and reproduction; After paying the production cost, the investor can obtain copies of the above documents or photocopies within a reasonable time.
For the documents and copies obtained by investors in this way, the contents of the guarantee text and the announced contents of the fund manager
Exactly the same.
Investors can also directly log on to the fund manager's website (www.pyamc. com) to view and download the prospectus.
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Part XXIII Documents for future reference
The following documents for future reference are kept in the office of the Fund Manager and can be consulted free of charge during office hours.
（1） Document of China Securities Regulatory Commission approving the registration of Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund
（2） Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund Contract
（3） Pengyang Pioneer One year Holding Period Hybrid Securities Investment Fund Custody Agreement
（4） Business qualification approval document and business license of fund manager
（5） Business qualification approval document and business license of fund custodian
（6） Legal Opinion
（7） Other documents required by the CSRC
Access method: investors can access it free of charge during business hours, or purchase copies at the cost of production.
Pengyang Fund Management Co., Ltd
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Annex I Summary of the Fund Contract
Part I Rights and Obligations of Fund Unitholders, 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
Those who acquire fund shares in accordance with the Fund Contract will become the Fund Unitholders and parties to the Fund Contract,
Until they no longer hold the fund shares of the Fund. As a party to the Fund Contract, the Fund Unitholders shall not
The written seal or signature on the gold contract is a necessary condition.
Unless otherwise stipulated by laws and regulations or the fund contract, each fund share of the same category has the same legal right
Benefits. Due to different net values of various fund units of the Fund, the amount of fund income distribution and the
The amount of distribution of the remaining fund assets may vary.
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders include but are not limited to
On:
(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) Transferring or applying for redemption 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, and act on the matters discussed at the general meeting of fund unit holders
Exercise voting rights;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) Initiate legal proceedings against the Fund Manager, the Fund Custodian and the Fund Service Institution for acts that damage their legitimate rights and interests
Or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders include but are not limited to
On:
(1) Carefully read and abide by the Fund Contract, Prospectus (and its updates) and other information disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, independently judge the investment value of the fund
Make investment decisions and bear investment risks;
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(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) To bear the limited liability for fund losses or termination of the Fund Contract within the scope of fund units held by them;
(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, the rights of the Fund Manager include but are not limited to:
(1) Raising funds according to law;
(2) From the effective date of the Fund Contract, independently use and manage the Fund in accordance with laws and regulations and the Fund Contract
Property;
(3) Collect fund management fees and other fees specified by laws and regulations or approved by the CSRC in accordance with the Fund Contract
Use;
(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
Financial Contract and relevant national laws and regulations shall be reported to the CSRC and other regulatory authorities, and necessary measures shall be taken to protect the
The interests of gold 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;
(9) Serve as or entrust other qualified institutions to act as the fund registration agency to handle the fund registration business and obtain
Fees specified in the gold contract;
(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;
(12) Exercise shareholders' rights against the invested company in accordance with laws and regulations for the benefit of the fund, and exercise reasons for the benefit of the fund
Rights arising from the investment of gold property in securities;
(13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
(14) Exercise litigation rights or implement other laws on behalf of fund share holders in the name of the fund manager
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Legal behavior;
(15) Select and replace law firms, accounting firms, securities and futures brokers or provide other services for the Fund
External institutions;
(16) Formulate and adjust relevant fund subscription, subscription, redemption, conversion
Business rules such as custody transfer, fixed investment and non transaction transfer;
(17) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include but are not limited to:
(1) Raising funds according to law, handling or entrusting other institutions recognized by the CSRC to handle fund units
Sale, subscription, redemption and registration;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and use the Fund assets in the principle of good faith, prudence and diligence;
(4) Allocate sufficient personnel with professional qualifications to analyze and make decisions on fund investment in a professional way
To manage and operate the assets of the Fund;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure the management of the Institute
The assets of the fund and the assets of the fund manager are independent of each other, and the different funds under management are managed, accounted for and carried out separately
portfolio investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund property shall not be used for its own and
Any third person seeking benefits shall not entrust a third person to operate the fund property;
(7) Accept the supervision of the Fund Custodian according to law;
(8) Take appropriate and reasonable measures to ensure that the method for calculating the subscription, purchase, redemption and cancellation prices of fund units complies with the requirements of the Basic Rules of the People's Republic of China
The fund net value information shall be calculated and announced in accordance with the relevant provisions, and the subscription and redemption of fund units shall be determined
Return price;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Perform information disclosure and reporting obligations in strict accordance with the Fund Law, the Fund Contract and other relevant provisions;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. Except for the Fund Law and the Fund Fund
Unless otherwise specified in the same regulations and other relevant regulations, the fund information shall be kept confidential before public disclosure, and shall not be disclosed to others, but shall be supervised
As required by competent authorities such as regulatory agencies and judicial authorities, or as required by services provided by external professional consultants such as audit and law consultants
Except in the circumstances;
(13) Determine the fund income distribution plan as agreed in the Fund Contract, and distribute funds to fund share holders in a timely manner
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profit;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene a general meeting of fund unit holders or a coordination fund in accordance with the Fund Law, the Fund Contract and other relevant provisions
The Fund Custodian and Fund Unitholders shall convene a general meeting of Fund Unitholders in accordance with the law;
(16) Keep the accounting books, statements, records and other relevant materials of fund property management business activities as required
The term of deposit shall not be less than the minimum term prescribed by laws and regulations;
(17) Ensure that all documents or materials that need to be provided to fund investors are issued within the specified time, and ensure that investors
Be able to access public information related to the Fund at any time according to the time and method specified in the Fund Contract, and
Obtain copies of relevant materials under the condition of cost management;
(18) Organize and participate in the Fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and distribution of the Fund assets;
(19) Report to the CSRC and notify the Fund in a timely manner in case of dissolution, revocation or bankruptcy according to law
Custodian;
(20) In case of loss of fund property or damage to the legitimate rights and interests of fund share holders due to violation of the Fund Contract
When assuming the liability for compensation, its liability for compensation will not be exempted by its retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract, and the Fund Custodian violates
In case of any loss of fund property caused by the anti Fund Contract, the Fund Manager shall recover from the Fund Custodian for the benefit of the Fund Unitholders
Compensation;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the fund affairs of the third party
To assume responsibility;
(23) In the name of the Fund Manager, to exercise litigation rights or perform other legal acts on behalf of the Fund Unitholders;
(24) The Fund Manager fails to meet the filing conditions of the Fund during the raising period, the Fund Contract cannot take effect, and the Fund
The Manager shall bear all the raising expenses, and shall pay the raised funds plus the interest of bank demand deposits for the same period after the end of the fund raising period
Return to the fund subscriber within 30 days;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
3、 Rights and obligations of the Fund Custodian
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Custodian include but are not limited to:
(1) From the effective date of the Fund Contract, the Fund shall be safeguarded in accordance with laws, regulations and the provisions of the Fund Contract
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Production;
(2) Obtaining the fund custody fee and other fees prescribed by laws and regulations or approved by the regulatory authority in accordance with the Fund Contract
Use;
(3) Supervise the Fund Manager's investment operation in the Fund. If the Fund Manager is found to have violated the Fund Contract and
Any national laws and regulations that cause significant losses to the fund property and the interests of other parties shall be reported to the CSRC
And take necessary measures to protect the interests of fund investors;
(4) According to the relevant market rules, open capital accounts, securities accounts and other investment accounts for the Fund
Clearing of securities and futures trading funds;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include but are not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) Set up a special fund custody department, have a business site that meets the requirements, and have sufficient and qualified familiarity
The full-time staff of the fund custody business shall be responsible for the custody of fund assets;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems to ensure that the fund
The security of the assets and the mutual independence between the fund assets under its custody, the fund custodian's own assets and different fund assets; yes
Different funds under custody shall set up accounts separately, conduct independent accounting and separate account management, so as to ensure that account setting
Fund allocation and account book recording are mutually independent;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, you may not use the Fund property for your own and
Any third person seeking benefits shall not entrust a third person 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) Open fund accounts, securities accounts and other accounts required for investment of fund assets as required, and
According to the investment instructions of the Fund Manager, timely handle the liquidation and delivery matters;
(7) Unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
Before the public disclosure of fund information, it shall be kept confidential and shall not be disclosed to others
Unless required by the audit, legal and other external professional consultants to provide services;
(8) Review and review the net value of fund assets, net value of fund units, purchase and redemption of fund units calculated by the fund manager
Back price;
(9) To handle information disclosure related to fund custody business activities;
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(10) Give opinions on the financial accounting report, quarterly report, interim report and annual report of the fund, and explain the fund management
Whether the operation of personnel in all important aspects is carried out in strict accordance with the provisions of the Fund Contract; If the Fund Manager fails to implement
The acts specified in the Fund Contract shall also state whether the Fund Custodian has taken appropriate measures;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities for a period not less than
Minimum service life specified by laws and regulations;
(12) Receive the register of fund unit holders from the fund manager or the registration institution entrusted by the fund manager;
(13) Prepare relevant account books as required and check with the fund manager;
(14) Pay fund income and redemption money to fund share holders in accordance with the instructions of the fund manager or relevant regulations;
(15) Convene a general meeting of fund unit holders or cooperate in accordance with the Fund Law, the Fund Contract and other relevant provisions
The Fund Manager and the Fund Unitholders shall convene a general meeting of the Fund Unitholders 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 liquidation group of the Fund assets and participate in the custody, liquidation, valuation, realization and distribution of the Fund assets;
(18) Report to the CSRC and the Banking Regulatory Commission in a timely manner when faced with dissolution, revocation or bankruptcy according to law
To supervise the management institution 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
Dismissal upon retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws and regulations and the Fund Contract
In case of any loss of fund property caused by the Manager's violation of the Fund Contract, the Manager shall claim compensation from the Fund Manager for the benefit of the Fund Unitholders;
(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.
Part II 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, and the legally authorized representatives of fund unit holders shall have the right to represent
Fund share holders attend the meeting and vote. Unless otherwise stipulated by laws and regulations or the fund contract
Each fund unit of the same category held by someone has equal voting rights.
The National People's Congress of the holders of Fund units does not have a daily institution. During the duration of the Fund, based on the operational needs of the Fund
The general meeting of gold share holders can add daily institutions, and the establishment and operation of daily institutions should be in accordance with relevant laws and regulations and China
As required by the CSRC.
1、 Reason for convening
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1. Unless otherwise stipulated by laws and regulations and the CSRC or the fund contract, the following decisions shall be made in case of occurrence or need
A general meeting of fund unit holders shall be held 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 standards of fund managers and fund custodians and raise the sales service fees;
(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 share holders who individually or jointly hold more than 10% (including 10%) of the total fund shares (
The Fund Manager shall calculate the Fund units on the day of receipt of the proposal, the same below) and request in writing the Fund Unitholders to convene a meeting on the same matter
an assembly;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) The general meeting of fund share holders shall be convened as required by laws and regulations, the Fund Contract or other provisions of the CSRC
Matters.
2. Within the scope stipulated by laws and regulations and the Fund Contract, and not material to the interests of fund share holders
Under the premise of adverse effects, the following circumstances can be modified by the Fund Manager and the Fund Custodian after consultation, without the need to convene fund units
General Meeting of Holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate, lower the redemption rate, lower the sales service rate or change the charging method of the Fund;
(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 fund share holders or does not involve
The rights and obligations of the parties in the golden contract have changed significantly;
(5) Adjust the setting of the Fund's share categories according to the actual operation of the Fund;
(6) The scope of the fund manager, registration institution and fund sales institution as prescribed by laws and regulations or permitted by the CSRC
Internal adjustment of business rules related to subscription, subscription, redemption, conversion, fund trading, non trading transfer, custody transfer, etc;
(7) The Fund launches new businesses or services;
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(8) Other circumstances under which it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract.
2、 Convener and convening method
1. Unless otherwise stipulated by laws and regulations or the Fund Contract, the general meeting of fund share holders shall be convened by the Fund Manager
Set.
2. If the Fund Manager fails to convene the meeting 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 submit a written request to the Fund Manager
Discussion. The Fund Manager shall decide whether to convene the meeting within 10 days from the date of receiving the written proposal and notify the Fund Custodian in writing.
If the Fund Manager decides to convene the meeting, it shall convene the meeting within 60 days from the date of issuing the written decision; The Fund Manager decides not to convene the meeting,
If the Fund Custodian still considers it necessary to convene the meeting, it shall convene the meeting by itself, and the meeting shall be held 60
The Fund Manager shall convene and notify the Fund Manager within days, and the Fund Manager shall cooperate.
4. Fund share holders representing more than 10% (including 10%) of the fund shares request in writing to convene a fund share meeting on the same matter
The shareholders' meeting shall submit a written proposal to the fund manager. The Fund Manager shall, as of the date of receipt of the written proposal
Decide whether to convene the meeting within days, and notify the representatives of the Fund Unitholders and the Fund Custodian who put forward the proposal in writing. Fund manager
If it is decided to convene the meeting, it shall be convened within 60 days from the date of issuing the written decision; The Fund Manager decides not to convene the meeting on behalf of the Fund
If the Fund Unitholders with more than 10% (including 10%) of their shares still think it necessary to hold the meeting, they shall submit a letter to the Fund Custodian
Face to face proposal. The Fund Custodian shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and notify the Fund Custodian in writing to propose
The representatives of the Fund Unitholders and the Fund Manager; If the Fund Custodian decides to convene the meeting, it shall issue a written decision from the date of issuance
The fund manager shall cooperate with the fund manager who shall convene and notify the fund manager within 60 days.
5. Fund share holders representing more than 10% (including 10%) of fund shares request to hold fund share holding on the same matter
If there is a general meeting, and neither the Fund Manager nor the Fund Custodian convenes it, it alone or collectively represents more than 10% of the Fund shares (including
10%) of the fund share holders have the right to convene on their own and report to the CSRC for filing at least 30 days in advance. Fund share holding
The Fund Manager and the Fund Custodian shall cooperate and shall not obstruct or interfere with the Fund Unitholders' meeting convened by the Fund Unitholders themselves according to law
Disturbance.
6. The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and equity registration date of the meeting.
3、 Time, content and method of notice for convening the general meeting of fund unit holders
1. To convene a general meeting of fund unit holders, the convener shall make an announcement 30 days before the meeting in the prescribed media. Funds
The notice of general meeting of shareholders shall at least contain the following contents:
(1) Time, place and form of the meeting;
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(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 validity of the agent)
Etc.), mode of authorization, 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 explain this meeting in the meeting notice
The specific means of communication adopted by the National People's Congress of Fund Unitholders, the entrusted notary organ and its contact information, contact person and voting
Deadline and collection method for submission of opinions.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to go to the designated place to calculate the voting opinions
Vote for supervision; If the convener is the Fund Custodian, it shall notify the Fund Manager in writing to vote at the designated place
To supervise the counting of votes; If the convener is the fund share holder, he/she shall notify the fund manager and the fund custodian in writing separately
Go to the designated place to supervise the counting of votes. The Fund Manager or the Fund Custodian refuses to send representatives to vote
The counting of votes for supervision shall not affect the counting effect of voting opinions.
4、 Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may be held by means of on-site meeting, communication meeting or by means of laws, regulations and regulatory authorities
Other methods shall be adopted, and the convening method of the meeting shall be determined by the convener.
1. On site meeting. The fund share holder shall attend in person or appoint a representative to attend by proxy,
At the on-site meeting, the authorized representatives of the Fund Manager and the Fund Custodian shall attend the General Meeting of Fund Unitholders as nonvoting delegates
Or if the Fund Custodian does not send representatives to attend as nonvoting delegates, the voting effect shall not be affected. The on-site meeting can be held when the following conditions are met
Agenda of the general meeting of fund share holders:
(1) The certificate of fund shares held by the person attending the meeting in person, and the certificate of fund shares held by the principal issued by the person entrusted to attend the meeting
The amount certificate and the proxy voting authorization certificate of the principal comply with the provisions of laws and regulations, the Fund Contract and the meeting notice,
And the vouchers for holding fund units are consistent with the registration materials held by the fund manager;
(2) After verification, the voucher of fund shares held on the equity registration date presented by the participants shows that the valid fund
The shares shall not be less than one-half (including one-half) of the total shares of the Fund on the equity registration date. If the participants are in Quanyideng
If the effective fund units represented on the record date are less than half of the total fund units of the Fund on the equity registration date, the convener may
The originally announced general meeting of fund unit holders shall be reconvened within 3 months and 6 months after the date of the meeting
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General Meeting of Fund Unitholders. Valid representatives of the reconvened fund unit holders' meeting on the equity registration date
The fund shares 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 vote on voting matters in writing or at a general meeting
Other methods specified in the announcement shall be delivered to the address designated by the convener before the deadline for voting. The correspondence meeting shall be held in writing or
Vote in other ways specified in the announcement of the meeting.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
(1) After the convener of the meeting publishes the notice of the meeting as agreed in the Fund Contract, it shall continuously publish relevant information within 2 working days
Suggestive announcement;
(2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener, it shall be the fund custodian
Manager) to the designated place to supervise the counting of votes. The convener of the meeting is in charge of the fund custodian (if the fund custodian
Is the convener, or the fund manager) and the notary office under the supervision of the meeting notice
Voting opinions; If the Fund Custodian or the Fund Manager is notified not to participate in the collection of voting opinions, the voting effect will not be affected;
(3) Fund share holders who directly issue voting opinions or authorize others to issue voting opinions
Of the Fund units shall not be less than one-half (including one-half) of the total Fund units on the equity registration date; If I directly issue the form
The fund units held by the fund unit holders are less than those on the equity registration date
1/2 of the total fund units, the convener may hold
Then, within six months, reconvene the general meeting of fund unit holders on the matters originally scheduled for consideration. Fund unit holdings reconvened
The National People's Congress shall have holders representing more than one third (including one third) of the fund units directly issue voting opinions or authorization
Voting opinions issued by other representatives;
(4) The Fund Unitholders who directly issue the voting opinions in Item (3) above or the trustee issues a statement on behalf of others
See the agent, the certificate of holding fund shares submitted at the same time, and the proxy issued by the agent entrusted to issue the voting opinion
There are vouchers of fund shares and the proxy voting authorization certificate of the principal in compliance with laws and regulations, the Fund Contract and the General Meeting
And consistent with the records of the fund registration authority.
3. With the permission of laws and regulations or regulatory authorities, the notice of the general meeting of fund share holders states that the fund
Unit holders can also choose to vote online, over the phone or in other ways, or grant
The right to attend the meeting and vote on behalf of others. For this purpose, the Fund Unitholders shall, within the time limit specified in the notice of the meeting
Submit the corresponding valid vote or power of attorney to the convener of the meeting in the specified manner.
5、 Discussion content and procedure
1. Discussion content and proposal right
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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 and final decisions
Termination of the Fund Contract, replacement of the Fund Manager, replacement of the Fund Custodian, merger with other funds, laws and regulations and the Fund
Other matters specified in the Contract and other matters that the convener of the meeting deems necessary to be submitted to the general meeting of fund unit holders for discussion.
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 be made in
The shareholders' meeting shall be announced in time before it 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 way of on-site meeting, the presider of the meeting shall first determine and announce the scrutineers in accordance with the procedures specified in Article 7 below,
Then the presider of the conference reads out the proposal, and after discussion, votes are taken to form the resolution of the conference. The host of the conference is fund management
If the authorized representative of the Fund Manager fails to preside over the meeting, the Fund Custodian shall authorize
The representative attending the meeting shall preside over the meeting; If neither the authorized representative of the Fund Manager nor the authorized representative of the Fund Custodian can preside over the meeting,
The Fund Unitholders and proxies present at the meeting shall hold more than 50% (including 50%) of the voting rights
The gold share holder shall be the chairman of the general meeting of fund share holders. The Fund Manager and the Fund Custodian refuse to attend or
Presiding over the general meeting of fund unit holders 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 (or the name of the organization) shall be recorded in the signature book
Name), ID document number, fund shares held or represented with voting rights, name of the trustor (or unit name) and
Contact information, etc.
(2) Communication meeting
In case of communication meeting, the convener shall first announce the proposal 30 days in advance, after the notified deadline for voting
Within 2 working days, the convener shall count all valid votes under the supervision of the notary office, and form a resolution under the supervision of the notary office.
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. General resolution, general resolution 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) is valid; Except for the matters to be passed by special resolution as specified in item 2 below
All other matters of are passed by general resolution;
2. Special resolution, which shall be subject to three votes held by fund share holders or their proxies attending the meeting
It can only be made after more than two thirds (including two thirds) pass. Unless otherwise agreed in the fund contract, change the operation mode of the fund
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Change the Fund Manager or Fund Custodian, terminate the Fund Contract, and merge the Fund with other funds through special resolution
Is valid.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless there is sufficient evidence to the contrary in the counting of votes, it shall be submitted in accordance with the meeting notice
The voting for confirming the investor's identity document as specified in the notice shall be deemed as the investors who are effectively present, and the table that appears to comply with the provisions of the notice of the meeting
Resolutions shall be deemed as valid voting, and ambiguous or contradictory voting opinions shall be deemed as abstention from voting, but shall be included in the voting
The total number of fund units represented by the fund unit holders with opinions.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be considered separately and listed item by item
Decision.
7、 Vote counting
1. On site meeting
(1) If the general meeting is convened by the Fund Manager or the Fund Custodian, the chairperson of the general meeting of Fund Unitholders shall be present at the meeting
At the beginning of the meeting, it was announced that two representatives of fund share holders and the large
A supervisor authorized by the convener of the meeting shall act as the scrutinizer jointly; If the general meeting is convened by the fund share holders themselves or if the general meeting
If the Fund Manager or the Fund Custodian fails to attend the meeting, the Fund units
The presider of the general meeting shall announce that three fund shares will be elected from among the fund share holders present at the meeting after the meeting begins
The holder's representative acts as the scrutinizer. The absence of the Fund Manager or the Fund Custodian from the meeting shall not affect the effectiveness of vote counting.
(2) The scrutineer shall count the votes immediately after the fund share holders vote and the chairman of the meeting shall announce the counting of votes on the spot
result.
(3) If the chairman of the meeting or the fund share holder or agent has doubts about the voting results submitted, he/she may
Immediately after the announcement of the voting results, the number of votes required shall be counted again. The scrutineer shall make a new count
Only once. After re counting, the presider of the meeting shall announce the re counting results on the spot.
(4) The vote counting process shall be notarized by a notary office. If the fund manager or fund custodian refuses to attend the meeting
Affect the validity of counting votes.
2. Communication meeting
In case of communication meeting, the vote counting method is: two supervisors authorized by the convener of the meeting are authorized by the fund custodian
The representative (or the authorized representative of the fund manager if convened by the fund custodian) counts the votes under the supervision of the notary office
The counting process shall be notarized. If the Fund Manager or the Fund Custodian refuses to send representatives to supervise the counting of votes,
The counting and voting results will not be affected.
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8、 Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC for filing within 5 days from the date of adoption.
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 within 2 days from the effective date. If communication mode is adopted
To vote, the full text of the notarial certificate, the name of the notary office and the name of the notary must be submitted when the resolution of the general meeting of fund share holders is announced
And so on.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective resolutions of the General Meeting of Fund Unitholders.
The effective resolution of the general meeting of fund unit holders shall be binding on all fund unit holders, fund managers and fund custodians
power.
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 main pocket unit holders and side pocket units
The fund units or voting rights held or represented by the holders respectively meet these proportions, but if the general meeting of relevant fund unit holders calls
If the collection and deliberation items do not involve side pocket accounts, they only refer to the fund shares or voting rights held or represented by the holders of main pocket units
Combine these proportions.
1. Fund share holders need to represent 10% of the relevant fund shares individually or collectively when exercising the right to propose, convene and nominate
Above (including 10%).
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than the relevant funds of the Fund on the equity registration date
One half (including one half) of the gold share.
3. Held by fund share holders who directly issue voting opinions or authorize others to issue voting opinions on behalf of those who hold correspondence meetings
Some fund units are not less than half (including half) of the relevant fund units on the equity registration date.
4. The fund units held by fund unit holders who vote at the general meeting of fund unit holders are less than those held in Quanyideng
One half of the relevant fund units on the record date, 3 months after the convener held the fund unit holders' meeting as originally announced
More than one third of the representatives shall be present at the fund unit holders' meeting reconvened within six months thereafter on the matters originally scheduled for consideration
(Including one third) The holders of relevant fund units participate in or authorize others to participate in the voting of the general meeting of fund unit holders.
5. The on-site meeting shall be selected by more than 50% (including 50%) of the voting rights held by the fund share holders and agents attending the meeting
One Fund Unitholder shall be elected as the chairperson of the meeting of Fund Unitholders.
6. General resolutions shall be subject to more than half of the voting rights held by fund share holders or their agents attending the meeting (including
One half).
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7. Special resolutions shall be subject to more than two-thirds of the voting rights held by fund share holders or their agents attending the meeting
(Two thirds included) passed.
Each fund share in the same main side pocket account has equal voting rights.
10、 This part provides for the reasons, conditions, procedures and voting conditions of the general meeting of fund share holders,
For those parts that directly refer to laws, regulations or regulatory rules, such as future amendments to laws, regulations or regulatory rules that result in relevant content being
In case of cancellation or change, the Fund Manager and the Fund Custodian may directly carry out the content of this part after reaching an agreement through consultation and making an announcement in advance
Modification and adjustment need not be reviewed at the general meeting of fund share holders.
Part III Causes and Procedures for Cancellation and Termination of Fund Contract and Liquidation Method of Fund Assets
1、 Changes to the Fund Contract
1. The change of the fund contract involving the provisions of laws and regulations or the fund contract shall be approved by the resolution of the general meeting of fund share holders
A resolution shall be passed at a general meeting of fund share holders. For the provisions of laws and regulations and the fund contract
The matters approved by the general meeting of fund unit holders shall be changed and announced after the consent of the fund manager and the fund custodian, and shall be reported to
Recorded by China Securities Regulatory Commission.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it takes effect, and the resolution shall take effect
Announce in the specified media within the next two days.
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;
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: establish the fund asset within 30 working days from the date of termination of the Fund Agreement
The asset liquidation group, the fund manager or the temporary fund manager shall organize the asset liquidation group under the supervision of the CSRC
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Conduct fund liquidation.
2. Before the Fund assets liquidation team takes over the Fund assets, the Fund Manager and the Fund Custodian shall
Continue to perform the responsibility of protecting the security of the Fund's assets in accordance with the provisions of the Trust Agreement and the Trust Agreement.
3. Composition of the fund assets liquidation group: the members of the fund assets liquidation group are the fund manager or the temporary fund manager
The Fund Custodian, certified public accountants and lawyers meeting the requirements of the Securities Law, and personnel designated by the CSRC. base
The gold property liquidation team may employ necessary staff.
4. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation, valuation and change of the Fund assets
Present and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
5. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Asset Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to issue the liquidation report
Legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
6. The time limit for the liquidation of the Fund's assets is six months, but it cannot be timely because the liquidity of the securities held by the Fund is restricted
In case of liquidation, 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 group of the fund assets shall give priority to the payment from the remaining assets of the fund.
5、 Distribution of residual assets in the liquidation of fund assets
In accordance with the distribution plan for the liquidation of the Fund assets, all remaining assets after the liquidation of the Fund assets shall be deducted from the liquidation fees of the Fund assets
After paying the taxes owed and paying off the fund debts, the fund shall be distributed in proportion to the fund units held by the fund unit holders.
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 has been approved by the
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The accounting firm shall audit and the law firm shall issue a legal opinion, which shall be reported to the CSRC for filing and announcement. Fund asset liquidation
The announcement shall be made by the Fund Assets Liquidation Team within 5 working days after the Fund Assets Liquidation Report is submitted to the CSRC for filing.
7、 Preservation of fund assets liquidation books and documents
The fund asset liquidation account book and relevant documents shall be kept by the fund custodian for a period not less than the minimum period prescribed by laws and regulations
Years.
Part IV Dispute Settlement and Applicable Law
The parties agree that all disputes arising from or in connection with the Fund Contract, such as
If no settlement can be reached through good negotiation, the dispute shall be submitted to the China International Economic and Trade Arbitration Commission, which shall proceed in accordance with the Commission's arbitration rules in force at the time
The arbitration shall be conducted in Beijing, and the arbitration award shall be final and binding on all parties. Unless the arbitration award
The arbitration fee shall be borne by the losing party.
During the dispute settlement period, the parties to the Fund Contract shall abide by their respective responsibilities and continue to perform faithfully, diligently and responsibly
The obligations specified in the fund contract and the custody agreement shall safeguard the legitimate rights and interests of fund unit holders.
The Fund Contract is governed by the laws of China (for the purpose of this Fund Contract, excluding Hong Kong Special Administrative Region and Macao Special Administrative Region
And Taiwan laws).
Part V Depository of Fund Contracts and Ways for Investors to Obtain Fund Contracts
The Fund Contract can be printed in a volume for investors to use in the office of the Fund Manager, Fund Custodian and Sales Agency
And business premises.
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Annex II Summary of the Fund Custody Agreement
Part I Parties to the Custody Agreement
（1） Fund manager
Name: Pengyang Fund Management Co., Ltd
Address: Room 302, Floor 3, No. 120, Qixia Road, China (Shanghai) Pilot Free Trade Zone
Legal representative: Yang Aibin
Establishment date: July 6, 2016
Approval authority and approval document number: CSRC ZJXK [2016] No. 1453
Organizational form: limited liability company
Registered capital: RMB 118 million
Duration: continuous operation
Tel: 400-968-6688
（2） Fund Custodian
Name: Bank of China Limited
Address: No.1 Fuxingmennei Street, Xicheng District, Beijing
Legal representative: Liu Liange
Time of establishment: October 31, 1983
Approval No. of fund custody business: ZJJZ [1998] No. 24 of China Securities Regulatory Commission
Organizational form: limited liability company
Registered capital: RMB twenty-nine million four billion three hundred and eighty seven million seven hundred and ninety-one thousand two hundred and forty-one only
Business scope: absorbing RMB deposits; Issue short-term, medium-term and long-term loans; Settlement; Handle bill discount;
Issuance of financial bonds; Issuing, cashing and underwriting government bonds as an agent; Buying and selling government bonds; Interbank lending; provide
L/C service and guarantee; Acting for collection and payment and insurance business; Provide safe deposit box service; Foreign exchange deposit; Foreign exchange loans;
Foreign exchange remittance; Foreign exchange; International settlement; Interbank foreign exchange borrowing; Acceptance and discount of foreign exchange bills; Foreign exchange borrowing; foreign exchange
Guarantee; Settlement and sales of foreign exchange; Issuance and agency of foreign currency securities other than stocks; Buying and selling stocks
Foreign currency securities; Self operated foreign exchange trading; Foreign exchange trading on behalf of customers; Issuance of foreign exchange credit cards and agency for issuance of foreign credit cards
And payment; Credit investigation, consultation and witness business; Organize or participate in syndicated loans; International precious metal trading; Overseas branch
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Construct and operate all banking businesses permitted by local laws; Branches in Hong Kong and Macao can issue or participate in agency according to local laws and regulations
Issuance of local currency; Other businesses approved by the People's Bank of China.
Duration: continuous operation
Part II The Fund Custodian's Business Supervision and Verification of the Fund Manager
（1） The Fund Custodian shall supervise the following investment operations of the Fund Manager in accordance with relevant laws and regulations:
1. Supervise the investment scope and objects of the Fund.
The Fund Manager shall timely provide the specific scope of various investment varieties such as stock treasury and bond treasury to be invested to the Fund for custody
People. The Fund Manager may update and adjust the specific scope of each investment variety according to the actual situation, and
The Fund Custodian shall be notified. The Fund Custodian shall supervise the investment of the Fund according to the above investment scope.
The investment scope of the Fund is financial instruments with good liquidity, including stocks issued and listed in China according to law (including
GEM and other stocks and depositary receipts approved or registered for listing by the CSRC), and trading exchanges between mainland and Hong Kong stock markets
The stocks (hereinafter referred to as Hong Kong stocks), bonds (including
Including national debt, central bank bills, financial bonds, local government bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, and ultra short
Long term financing bonds, subordinated bonds, government backed bonds, convertible bonds, exchangeable bonds, separable trading convertible bonds and other convertible bonds
Securities permitted by the CSRC), derivatives (including stock index futures, treasury bond futures, stock options, credit derivatives)
Money market instruments, bank deposits (including negotiated deposits, time deposits and other bank deposits), interbank deposit receipts, asset support
Securities, bond repurchases and other financial instruments permitted by laws and regulations or the CSRC for fund investment. The Fund may
Participate in financing business in accordance with relevant laws and regulations.
If laws and regulations or regulatory authorities allow the Fund to invest in other varieties in the future, the Fund Manager may, after performing appropriate procedures
To include it in the scope of investment.
The proportion of the Fund's investment portfolio is: stock assets account for 60% - 95% of the Fund's assets (including stocks invested in Hong Kong stocks
The proportion of the Fund shall not exceed 50% of the equity assets invested by the Fund). At the end of each trading day, after deducting treasury bond futures and stock index
After the trading margin required to be paid for futures and stock option contracts, the Fund holds cash or has a maturity 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 and subscription receivables
Etc.
2. Supervise the proportion of fund investment and financing;
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(1) The proportion of the Fund's stock assets in the Fund's assets is 60% - 95%, of which the proportion invested in Hong Kong stocks is the general target stocks
For example, it shall not exceed 50% of the equity assets invested by the Fund.
(2) At the end of each trading day, the Fund deducts the transactions required to pay for treasury bond futures, stock index futures and stock option contracts
After the deposit, keep no less than 5% of the net asset value of the fund in cash or government bonds with a maturity of less than one year, of which,
Cash does not include provisions for settlement, deposits and subscription receivables.
(3) The Fund holds securities issued by a company (A+H shares of the same company listed in both the Mainland and Hong Kong
And calculated), and its market value shall not exceed 10% of the net asset value of the fund.
(4) All funds managed by the Fund Manager and deposited with the Custodian hold securities issued by one company (the same as
A+H shares of a company listed in the mainland and Hong Kong simultaneously), not more than 10% of the securities; Exactly according to the relevant
The composition ratio of the index may not be subject to the proportion limit specified in this article for the fund variety for securities investment.
(5) The Fund shall comply with the following investment restrictions when investing in asset-backed securities:
① The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10%；
② The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
③ The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed that of the asset-backed certificate
10% of the coupon size;
④ All funds managed by the Fund Manager and managed in the Custodian invest in the same original equity holder
Asset backed securities shall not exceed 10% of the total size of its various types of asset backed securities;
⑤ The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB). Assets held by the fund
During the period of supporting securities, if its credit rating declines and no longer meets the investment standards, it shall be 3 months from the date of the rating report
All of them will be sold.
(6) Fund assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total assets of the Fund
The number of shares declared by the Exchange shall not exceed the total number of shares issued by the company to be issued this time.
(7) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
The shares are consolidated.
(8) When participating in the trading of treasury bond futures and stock index futures, the Fund shall comply with the following investment proportion restrictions:
① At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed the net asset value of the Fund
15%； At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed the total amount of bonds held by the Fund
30% of the market value; The trading amount of treasury bond futures contracts traded by the Fund on any trading day (excluding closing positions) shall not exceed
30% of the net asset value of the Fund on the previous trading day;
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② At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed the net asset value of the Fund
10%； At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed the total shares held by the Fund
20% of the market value; The trading amount of stock index futures contracts traded by the Fund on any trading day (excluding closing positions) shall not exceed
20% of the net asset value of the Fund on the previous trading day;
③ The value of treasury bond futures and stock index futures contracts held by the Fund at the end of any trading day and the market value of securities
The sum of the total shall not exceed 95% of the net asset value of the fund, of which, the marketable securities refer to stocks and bonds (excluding those whose maturity is less than
Government bonds), asset-backed securities, redemptory financial assets for sale (excluding pledge repurchase), etc;
④ The total market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold (calculated by netting) shall account for
The proportion of fund assets is 60% - 95%.
(9) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund.
(10) The maximum term for the Fund to enter the national inter-bank market for bond repurchase is one year, and the bond repurchase is due
No extension is allowed later.
(11) Financing stocks and other securities held by the Fund at the end of any trading day when participating in financing business
The sum of market values shall not exceed 95% of the net asset value of the Fund.
(12) All open-ended funds managed by the Fund Manager and managed in the Custodian hold the shares issued by a listed company
The tradable shares of the listed company shall not exceed 15% of the tradable shares of the listed company; Managed by the Fund Manager and under custody
All investment portfolios under the custody of the People's Bank shall not hold more tradable shares issued by a listed company than the tradable shares of the listed company
30% of the shares; Open ended funds that invest in securities in full accordance with the composition ratio of relevant indexes and recognized by the CSRC
The special portfolio of may not be subject to the above proportion restrictions.
(13) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed 15% of the Fund's net asset value;
Discrepancy of funds due to factors other than fund managers, such as fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
If the proportion limit is met, the fund manager shall not actively increase the investment of liquidity restricted assets.
(14) The Fund, private equity securities asset management products and other subjects identified by the CSRC carry out reverse return for counterparties
In case of purchase transaction, the qualification requirements for acceptable collateral shall be consistent with the investment scope agreed in the fund contract.
(15) Other investment proportion restrictions stipulated by laws and regulations and the CSRC.
Except for the situations in (2), (5), ⑤, (13) and (14) above and other provisions in the above articles, the stock market fluctuation
The fund investment ratio is caused by factors other than fund managers, such as fluctuations in the dynamic and futures markets, mergers of listed companies, and changes in fund size
If the investment proportion does not conform to the above provisions, the fund manager shall make adjustment within 10 trading days, but the CSRC
Except for special circumstances specified. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
The Fund Manager shall, within six months from the effective date of the Fund Agreement, make the proportion of the Fund's investment portfolio conform to the Fund Agreement
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Relevant agreements of. During the above period, the investment scope and investment strategy of the Fund shall comply with the provisions of the Fund Contract. fund
The Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Contract.
Laws and regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund, the Fund Manager is performing
After proper procedures are implemented, the investment of the Fund will no longer be subject to relevant restrictions or the changed provisions, but it must be announced in advance.
The Fund Manager uses the Fund assets to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders, actual controllers or
Securities issued or underwritten during the underwriting period by a company that has a major interest with it, or other major related transactions
If it is easy, it shall comply with the investment objectives and strategies of the Fund, follow the principle of giving priority to the interests of fund share holders, and guard against interests
Conflict, establish and improve the internal approval mechanism and evaluation mechanism, and implement according to fair and reasonable market prices. Relevant transactions must be carried out in advance
Obtain the consent of the Fund Custodian and disclose in accordance with laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review
And passed by more than two-thirds of the independent directors. The Board of Directors of the Fund Manager shall, at least half a year
Review.
（2） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Calculation, calculation of net value of various fund units, receipt of funds receivable, determination of fund expenses and income, distribution of fund income
Relevant information disclosure publishes fund performance data for review.
（3） The Fund Custodian finds that the Fund Manager violates the above agreement in the supervision and verification of the above paragraphs (1) and (2)
The Fund Manager shall timely notify the Fund Manager, and the Fund Manager shall timely check and confirm after receiving the reminder and submit a written statement to the Fund Custodian
The administrator sends a reply and corrects. Within the time limit, the Fund Custodian shall have the right to review the matters prompted at any time. Fund manager's right to
If the Fund Custodian fails to correct the violation within the time limit, the Fund Custodian shall report to the CSRC in a timely manner.
（4） The Fund Custodian shall reject the investment order of the Fund Manager if it finds that it violates the provisions of laws, regulations and this Agreement
Implementation, prompt the fund manager in a timely manner, and report to the CSRC in a timely manner in accordance with the provisions of laws and regulations. Issued by the Fund Custodian
If the current fund manager violates the laws, regulations and the provisions of this Agreement according to the effective instructions of the trading procedures, it shall prompt the fund manager in a timely manner
The financial manager shall report to the CSRC in a timely manner in accordance with the provisions of laws and regulations.
（5） The Fund Manager shall actively cooperate with and assist the Fund Custodian in its supervision and verification, including but not limited to:
Reply to and correct the Fund Custodian within the time limit, explain or provide evidence on the Fund Custodian's doubts, and provide relevant data and materials
System, etc.
Part III Fund Manager's Business Verification of Fund Custodian
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1. During the validity period of this Agreement, the Fund Custodian shall not violate the principles of fairness and reasonableness and shall not be prevented from complying with relevant laws
On the basis of laws, regulations and industry regulatory requirements, the Fund Manager has the right to make necessary decisions on the Fund Custodian's performance of this Agreement
Important verification, including but not limited to the safe custody of fund assets by the fund custodian and the opening of fund accounts for fund assets
And securities accounts and other accounts required for investment, review the net asset value of the fund calculated by the fund manager and the net value of various fund units
Conduct clearing and settlement, relevant information disclosure and supervise fund investment operation according to the instructions of the fund manager.
2. The Fund Manager finds that the Fund Custodian misappropriates the Fund assets without authorization, fails to manage the Fund assets in separate accounts, and is not correct
Violation of laws and regulations, such as failure to execute or delay in executing the fund manager's fund transfer instructions, disclosure of fund investment information
In case of relevant provisions in the Fund Contract and this Agreement, the Fund Custodian shall be notified in writing in a timely manner to make corrections within a time limit
After receiving the notice, the Fund Manager shall check it in a timely manner and send a written reply to the Fund Manager. Within the time limit, the Fund Manager has the right to
Review the notice at any time and urge the Fund Custodian to correct. Violations notified by the Fund Custodian to the Fund Manager
If it fails to make corrections within the time limit, the fund manager shall have the right to report to the CSRC in accordance with the provisions of laws and regulations.
3. The Fund Custodian shall actively cooperate with the Fund Manager in its verification activities, including but not limited to: submitting relevant materials for
The Fund Manager shall verify the integrity and authenticity of the assets under custody, reply to the Fund Manager and make corrections within the specified time.
Part IV Custody of Fund Assets
（1） Principles of Fund Property Custody
1. The Fund property shall be independent of the inherent property of the Fund Manager and the Fund Custodian.
2. The Fund Custodian shall keep the Fund assets in a safe manner without the legal compliance instructions or laws and regulations of the Fund Manager
It is otherwise stipulated in the Gold Contract and this Agreement that any property of the Fund shall not be used, disposed of or distributed by itself.
3. The Fund Custodian shall, in accordance with the provisions, open capital accounts, securities accounts and other accounts required for investment of the Fund assets.
4. The Fund Custodian shall set up separate accounts for different fund assets under its custody to ensure the integrity and independence of the fund assets.
5. In addition to the Fund Law, the Operation Measures, the Fund Contract and other relevant laws and regulations
The custodian may not entrust a third person with the custody of fund assets.
（2） Capital verification and entry of raised funds before the fund contract takes effect
1. The total amount of fund units raised, the amount of fund raised
If the number of fund unit holders meets the relevant provisions of the Fund Law and the Operation Measures, the fund manager shall
An accounting firm conforming to the provisions of the Securities Law of the People's Republic of China is employed to verify the capital of the Fund and issue a capital verification report
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The capital verification report issued shall be valid only when it is signed by more than two (including two) Chinese certified public accountants participating in the capital verification.
2. The Fund Manager shall transfer all the funds belonging to the Fund property into the fund opened for the Fund at the Fund Custodian
In the gold bank account, ensure that the funds transferred in are consistent with the amount confirmed in the capital verification.
（3） Opening and management of the Fund's bank account
1. The Fund Custodian shall be responsible for the opening and management of the Bank Account of the Fund.
2. The Fund Custodian shall open a bank account of the Fund in the name of the Fund. The reserved seal of the Fund's bank shall be
Custodian custody and use. All monetary income and expenditure activities of the Fund, including but not limited to investment, payment of redemption amount and payment
Fund income and collection of subscription funds shall be conducted through the bank account of the Fund.
3. The opening and use of the Fund's bank account shall be limited to the needs of conducting the Fund's business. Fund Custodian and Fund
The Fund Manager shall not open any other bank account in the name of the Fund; It is also prohibited to use the bank account of the Fund
Activities other than the business of the Fund.
4. The management of the Fund's bank account shall comply with the relevant provisions of laws and regulations.
（4） Opening and management of accounts for fixed deposit investment of the Fund
The Fund Manager shall open a deposit account in the name of the Fund at the designated business outlet of a deposit bank recognized by the Fund Custodian
The gold custodian is responsible for the custody and use of the bank reserved seal of the account. In the above account opening and account related information change process
The Fund Manager shall provide the Fund Custodian with the relevant information required for opening an account or changing an account in advance.
（5） Opening and management of fund securities accounts, settlement reserve accounts and other investment accounts
1. The Fund Custodian shall, on behalf of the Fund, register and settle in Chinese securities in the joint name of the Fund Custodian and the Fund
A limited liability company shall open a securities account.
2. The opening and use of the Fund's securities account shall be limited to meeting the needs of conducting the Fund's business. Fund Custodian and Fund
The Fund Manager shall not lend or transfer the securities account of the Fund, nor use the securities account of the Fund for the business of the Fund
Other activities.
3. The fund custodian shall open a settlement reserve account in the name of its own legal person with China Securities Depository and Clearing Co., Ltd,
It is used to handle the securities investment of all funds under the custody of the Fund Custodian, including the Fund, in the stock exchange
And fund settlement business. The collection of settlement provisions shall be subject to the provisions of China Securities Depository and Clearing Corporation Limited.
4. After the effective date of this Custodian Agreement, if the Fund is allowed to engage in the investment business of other investment varieties, it involves
If there are no relevant regulations on the opening and use of accounts, the Fund Custodian shall refer to and comply with the above regulations on account opening
Provisions for use.
5. If there are other provisions on the opening and management of relevant accounts in laws and regulations, such provisions shall prevail.
（6） Opening and management of special bond custody account
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After the Fund Contract comes into force, the Fund Manager shall be responsible for applying in the name of the Fund and obtaining access to the national interbank lending market
Trading qualification of the market and trading on behalf of the fund; The fund manager shall be responsible for reporting to the People's Bank of China
After completion of the procedures, the Fund Custodian shall be responsible for the registration and clearing of the Central Government Securities Depository and Clearing Co., Ltd. and the inter-bank market in the name of the Fund
Market Clearing House Co., Ltd. opens bond custody account in inter-bank bond market and conducts inter-bank bond market on behalf of the fund
Liquidation of bonds and funds.
（7） Custody of relevant valuable certificates of fund property investment
The Fund Custodian shall be responsible for the safekeeping of such valuable certificates as physical securities invested by the Fund assets and certificates of deposit of fixed bank deposits.
The Fund Custodian shall not be liable for the valuable certificates actually and effectively controlled by institutions other than the Fund Custodian.
（8） Custody of major contracts and relevant vouchers related to fund assets
The Fund Custodian shall, in accordance with laws and regulations, keep the major contracts signed by the Fund Manager on behalf of the Fund and
Relevant vouchers. The Fund Manager, after signing relevant major contracts on behalf of the Fund, shall submit one original within 30 days after receiving the original contract
The original of this is submitted to the Fund Custodian. Unless otherwise specified in this Agreement, the Fund Manager shall sign on behalf of the Fund
The Fund Manager and the Fund Custodian shall each hold at least two originals
There is one original. Major contracts shall be kept by the Fund Manager and the Fund Custodian respectively for at least 20 years in accordance with regulations
If there are other provisions in laws and regulations or regulatory rules, those provisions shall prevail.
Part V Calculation and Accounting of Net Asset Value of the Fund
（1） Calculation and review of fund net asset value
1. The net asset value of the fund refers to the value of the total asset value of the fund minus the liabilities. Net value of various fund units refers to the calculation date
The net value of such assets of the fund divided by the balance of such fund units on the calculation date. 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.
2. The Fund Manager shall value the Fund assets on each valuation date, but the Fund Manager shall, in accordance with laws and regulations or the Fund Agreement
Except when the valuation is suspended according to the provisions of the same regulations. The valuation principle shall comply with the Fund Contract and the Securities Investment Fund Accounting Business Guidelines
Citation and other laws and regulations. The fund manager is responsible for calculating the net fund value information used for fund information disclosure
Reviewed by the gold custodian. The Fund Manager shall, after the end of each valuation day, calculate the net value of each fund unit on that day, and
It shall be sent to the Fund Custodian in a manner agreed by both parties. The Fund Custodian shall review the calculation result of net value and agree with both parties
The results of the review shall be transmitted to the Fund Manager, who shall publish them in accordance with regulations. Month end, mid year and year-end estimation
The value review shall be conducted at the same time as the reconciliation of the fund accounting accounts.
3. When the valuation method specified in relevant laws and regulations or the Fund Contract cannot objectively reflect the fair value of the fund property,
The Fund Manager may, according to the specific circumstances and after consultation with the Fund Custodian, value at the price that best reflects the fair value. book
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If the Fund implements the side pocket mechanism, it shall evaluate the assets of the main pocket account and disclose the basis of the main pocket account in accordance with the provisions of this Part
Net value of gold assets and net value of shares, and the disclosure of net value of shares in side pocket accounts is suspended.
4. The Fund Manager and the Fund Custodian find that the fund valuation violates the valuation methods and procedures specified in the Fund Contract
And relevant laws and regulations or fails to fully protect the interests of fund share holders, both parties shall negotiate and
Correction.
5. When the valuation of fund assets causes errors within four decimal places (including the fourth) of the net value of fund units
It is an error in the valuation of the net value of fund units. When there is an error in the net value of fund units, the Fund Manager shall immediately correct it, and
Take reasonable measures to prevent further expansion of losses; When the valuation error reaches 0.25% of the net value of fund shares, the fund management
The securities firm shall notify the fund custodian and report to the CSRC for filing; When the valuation error reaches 0.5% of the net value of fund units
The fund manager shall notify the fund custodian and make a timely announcement while reporting to the CSRC for filing. Such as laws, regulations or supervision
If the competent authority has other provisions on the above contents, it shall be handled in accordance with its provisions.
6. Due to the error of any fund net value data published by the fund manager, the fund property or fund unit holdings
The Fund Manager shall be liable for the direct loss of someone in accordance with the Fund Contract and this Agreement. If the Fund Custodian
If the calculated net value is correct, the Fund Custodian will not be liable for the loss; If the fund manager announces the net amount of the fund
If the value is reviewed and agreed by the Fund Custodian, the Fund Custodian shall also bear some responsibility for not correctly performing the review obligation
The Custodian shall not bear the responsibility arising from the Fund Manager's information disclosure without accepting the review opinions of the Fund Custodian. If on
The said error has resulted in improper enrichment of the fund property or fund share holders, and the fund manager and the fund custodian have
If it has undertaken the liability for compensation, the Fund Manager shall be responsible for claiming the return of the unjust enrichment to the subject of the unjust enrichment, and the Fund Custodian shall
Provide necessary assistance. If the returned amount is insufficient to make up the compensation amount already undertaken by the Fund Manager and the Fund Custodian
Both parties shall distribute the returned amount in proportion to their respective compensation amount.
7. Due to force majeure, or due to the securities and futures exchanges, registration and clearing companies, deposit banks and other third-party machines
The data sent by the organization is wrong, or the national accounting policy changes, market rules changes and other non fund managers and fund custodians have
Wrong. Although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they fail to find out
If it is wrong, the Fund Manager and the Fund Custodian shall be exempted from liability for compensation for the resulting error in the valuation of the Fund assets. But fund management
The Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate the impact caused thereby.
8. If there is a discrepancy between the review result of the Fund Custodian and the calculation result of the Fund Manager, and both parties fail to negotiate
Upon reaching an agreement, the Fund Manager may publish the results of its calculation of the net value of the Fund units to the public, and the Fund Custodian may
To report relevant information to the CSRC for filing.
（2） Fund accounting
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1. Establishment of fund account book
After the Fund Agreement comes into force, the Fund Manager and the Fund Custodian shall follow the same accounting method agreed by both parties
The accounting principle is to independently set up, register and keep the full set of account books of the fund, and regularly check the respective account books of both parties
Yes, mutual supervision to ensure the safety of fund assets. If both parties disagree on the accounting treatment method, the fund manager shall
Shall prevail.
2. Reconciliation of accounting data and financial indicators
The Fund Manager and the Fund Custodian shall regularly check the accounting data and financial indicators. In case of any discrepancy, double
Party B shall promptly find out the causes and correct them.
3. Preparation and review of the Fund's financial statements and periodic reports
The financial statements of the Fund shall be independently prepared by the Fund Manager and the Fund Custodian on a monthly basis. The monthly report shall be prepared every
It shall be completed within 5 working days after the end of the month; After the Fund Contract comes into effect, if the information in the Prospectus has changed significantly
The fund manager shall update the prospectus and publish it on the specified website within three working days. Other information in the prospectus
In case of any change, the Fund Manager shall update it at least once a year; In case of major changes in the information of the fund product information summary
The fund manager shall, within three working days, update the summary of fund product information and publish it on the prescribed website and the fund sales agency
Website or business outlet. In case of any change in other information of the fund product information summary, the fund manager shall update it at least once a year.
If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus and the summary of the Fund's product information. The Fund Manager shall
The annual report of the Fund shall be prepared within three months from the end of each year, and the annual report shall be published on the specified website
The suggestive announcement of the report was published in the designated newspaper. The Fund Manager shall, within two months from the end of the first half of the year, prepare
Complete the interim report of the Fund, publish the interim report on the specified website, and publish the indicative announcement of the interim report on the designated newspaper
In the journal. The Fund Manager shall complete the quarterly report of the Fund within 15 working days from the end of the quarter
The report is published on the specified website, and the prompt announcement of the quarterly report is published on the designated newspaper. Less than two fund contracts come into force
The fund manager may not prepare the quarterly report, interim report or annual report of the current period if the fund manager is within six months.
When the Fund Custodian finds discrepancies in the statements of both parties during the review process, the Fund Manager and the Fund Custodian shall
Find out the reason and make adjustment. The adjustment shall be subject to the accounting treatment method agreed by both parties; If both parties cannot reach an agreement to fund
The administrator's accounting treatment shall prevail. After verification, the Fund Custodian shall stamp the custody business on the report provided by the Fund Manager
The official seal of the department or the review opinion or electronic confirmation affixed with the official seal of the custody business department shall be issued, and each party shall keep one
Copies. If the Fund Manager and the Fund Custodian cannot reach an agreement on the relevant statements before the date when the announcement should be made, the Fund
The Manager shall have the right to make public announcements in accordance with the statements prepared by it, and the Fund Custodian shall have the right to report relevant information to the CSRC for filing
Case.
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Part VI Custody of the Register of Fund Unitholders
The register of fund unit holders shall at least include the names of fund unit holders and the fund units they hold. Fund share holdings
The list of persons shall be prepared and kept by the fund registration institution in accordance with the instructions of the fund manager. The fund manager and the fund custodian shall
The register of fund unit holders shall be kept separately. The fund registration institution shall keep the register of fund unit holders for at least 20 years from the date of closing the fund account
Unless otherwise stipulated in the laws and regulations or required by the competent authority. If it cannot be properly kept, it shall be liable according to relevant regulations.
Before the Fund Custodian requests or prepares the interim report and annual report, the Fund Manager shall send the relevant information to the Fund Custodian
The manager shall not refuse or delay the provision without reason, and shall ensure its authenticity, accuracy and integrity. The Fund Custodian shall not
The register of Fund Unitholders kept by the Company shall be used for other purposes than fund custody business, and shall comply with confidentiality obligations and laws
Unless otherwise stipulated by laws and regulations or competent authorities.
Part VII Applicable Law and Dispute Resolution
（1） This agreement is governed by the laws of the People's Republic of China (for the purpose of this agreement, excluding Hong Kong Special Administrative Region, Macao
The laws of the Special Administrative Region and Taiwan) and shall be interpreted accordingly.
（2） Any dispute arising from or in connection with this Agreement between the Fund Manager and the Fund Custodian may be settled through friendly negotiation
Negotiate. However, if the dispute cannot be settled through negotiation, either party has the right to submit the dispute to the State of China in Beijing
The International Economic and Trade Arbitration Commission shall conduct arbitration in accordance with its arbitration rules in effect at that time. The arbitral award is final
Both parties are binding. Unless otherwise specified in the arbitration award, the arbitration fee shall be borne by the losing party.
Both parties shall abide by their respective responsibilities, continue to faithfully, diligently and responsibly perform their obligations under the Fund Contract
Protect the legitimate rights and interests of fund share holders.
（4） Except for the contents involved in the dispute, the parties to this agreement shall still perform other provisions of this agreement.
Part VIII Change and Termination of Custody Agreement and Liquidation of Fund Assets
（1） Change of Custody Agreement
The parties to this agreement may change the agreement upon consensus. The contents of the new agreement after the change shall not be consistent with
There is any conflict between the provisions of the Fund Contract. The new agreement after change shall be reported to the CSRC for filing. Covenants of this Agreement
In case of any conflict with the provisions of laws and regulations and the Fund Contract, the provisions of laws and regulations and the Fund Contract shall prevail.
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（2） Termination of Escrow Agreement
This Escrow Agreement shall be terminated in the following circumstances:
1. The Fund Contract is terminated;
2. The Fund changes its custodian;
3. The Fund replaces the Fund Manager;
4. The Fund Law, the Operation Measures or other laws and regulations require termination.
（3） Liquidation of fund assets
The Fund Manager and the Fund Custodian shall, in accordance with the provisions of the Fund Contract and relevant laws and regulations
Bank liquidation.