[The Fund is not sold to the proprietary accounts of financial institutions]
Fund Manager: South Fund Management Co., Ltd
Fund Custodian: Postal Savings Bank of China Limited
Prospectus
Important tips
The Fund was registered and raised by the CSRC in ZJXK [2023] No. 2152 on September 14, 2023.
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 invests in the securities market. The net value of the Fund will fluctuate due to factors such as fluctuations in the securities market. Investors are investing
Before the Fund, you should fully understand the product characteristics of the Fund, fully consider your own risk tolerance, and undertake the investment of the Fund
All kinds of risks arising from, including: the impact of political, economic, social and other environmental factors on securities prices
General risk, the non systematic risk unique to individual securities, and the liquidity generated by the fund investors' continuous large redemption of funds
Risk, the fund management risk generated by the fund manager during the implementation of fund management
See "Risk Disclosure" in the Prospectus for details of the Fund's specific risks, such as risks, the risk of automatic termination of the Fund's contract and so on
Section. The investment is risky. When subscribing (or subscribing) the Fund, investors should carefully read the Prospectus and the Basic Information
Information disclosure documents such as the gold contract and the summary of fund product information, to independently judge the investment value of the fund and make investment decisions
Policy, fully understand the risk return characteristics and product characteristics of the Fund, fully consider their own risk tolerance, and rationally judge
Cut off the market and make investment decisions cautiously.
The Fund can participate in the investment of credit derivatives, which may face liquidity risk and repayment risk
And price fluctuation risk. For details, please refer to the relevant contents of "risk disclosure" in this prospectus.
The Fund is open for subscription every open day, but the minimum holding period of each subscription/subscription of fund units is 120 days
Prior to the expiration date of the holding period, the holders of fund units cannot apply for redemption.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, good faith, prudence and diligence, but shall not
The securities fund must be profitable and does not guarantee the minimum return. The Fund's past performance and net worth do not predict its future business
Performance; The performance of other funds managed by the Fund Manager does not constitute a guarantee for the performance of the Fund. fund management
I remind investors of the principle of "buyer conceit" in fund investment. After making investment decisions
The investment risk caused by the value change shall be borne by the investors themselves.
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catalog
Part I Introduction three
Part II Definitions four
Part III Fund Manager nine
Part IV Fund Custodian eighteen
Part V Relevant Service Organizations twenty-one
Part VI Fund Raising twenty-two
Part VII Effectiveness of the Fund Contract twenty-six
Part VIII Purchase and Redemption of Fund Units twenty-seven
Part IX Investment of the Fund thirty-seven
Part X Assets of the Fund forty-three
Part XI Valuation of Fund Assets forty-four
Part XII Income and Distribution of the Fund fifty
Part XIII Fees and Taxes of the Fund fifty-two
Part XIV Accounting and Audit of the Fund fifty-five
Part XV Information Disclosure of the Fund fifty-six
Part XVI Side pocket mechanism sixty-three
Part XVII Risk Disclosure sixty-six
Part XVIII Change and Termination of the Fund Contract and Liquidation of the Fund Assets seventy-one
Part XIX Summary of the Fund Contract seventy-three
Part XX Summary of the Fund Custody Agreement ninety-seven
Part XXI Service of Fund Unitholders one hundred and fifteen
Part XXII Other Matters to be Disclosed one hundred and eighteen
Part XXIII Deposition and Reference Methods of Prospectus one hundred and nineteen
Part XXIV Documents for future reference one hundred and twenty
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Part I Introduction
This Prospectus is prepared in accordance with the Civil Code of the People's Republic of China and the Securities Law of the People's Republic of China (hereinafter referred to as "the Securities Law of the People's Republic of China")
"Securities Law"), "Securities Investment Fund Law of the People's Republic of China" (hereinafter referred to as "Fund Law"), "Public Offering Certificate"
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
Administrative Measures for Supervision (hereinafter referred to as "Sales Measures"), Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds (
Hereinafter referred to as "Information Disclosure Measures"), "Provisions on the Management of Liquidity Risk of Publicly Offered Open ended Securities Investment Funds" (hereinafter referred to as "the Measures")
Referred to as "Liquidity Risk Management Regulations") and "Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund Contract"
to write.
The Fund Manager promises that this Prospectus does not contain any false records, misleading statements or major omissions, and
Bear legal responsibility for authenticity, accuracy and integrity. The Fund is applied for raising according to the information specified in this Prospectus
Of. The Fund Manager has not entrusted or authorized any other person to provide information not specified in this Prospectus, or
Any explanation or explanation in the prospectus.
This Prospectus is prepared in accordance with the Fund contract of the Fund and registered with the CSRC. The fund contract is the agreed basis
Legal documents on the rights and obligations between the parties. Fund investors become funds when they acquire fund shares in accordance with the fund contract
The behavior of unit holders and parties to the fund contract in holding fund units itself indicates their recognition of the fund contract and
Accept, and enjoy rights and assume obligations in accordance with the Fund Law, the Fund Contract and other relevant provisions. Fund investors are eager
To understand the rights and obligations of fund share holders, they should consult the fund contract in detail.
The Fund is established and operated in accordance with Chinese laws and regulations
If the mandatory provisions of laws and regulations are inconsistent, the provisions of the then effective laws and regulations shall prevail.
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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 Nanfang Wenfu 120 day holding period bond securities investment fund
2. Fund Manager: South Fund Management Co., Ltd
3. Fund Custodian: Postal Savings Bank of China Limited
4. Fund contract or the Fund contract: refers to the Fund Contract of Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund
And any effective amendments and supplements to the Fund Agreement
5. Custody Agreement: refers to the 120 day holding period bond of Nanfang Wenfu signed between the Fund Manager and the Fund Custodian for the Fund
Securities Investment Fund Custody Agreement and any effective amendments and supplements to the Custody Agreement
6. Prospectus: refers to the Prospectus of Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund and its updates
new
7. Announcement on the sale of fund shares: refers to the sale of fund shares of Nanfang Wenfu 120 day holding period bond securities investment fund
Announcement
8. Summary of fund product information: refer to the Fund Product Information of Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund
Summary and its updates
9. Laws and regulations: refer to the laws, administrative regulations, normative documents, judicial interpretations
Administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
10. Securities Law: refers to the Sixth Meeting of the Standing Committee of the Ninth National People's Congress held on December 29, 1998
Adopted at the 11th Meeting of the Standing Committee of the Tenth National People's Congress on August 28, 2004
The Decision on the Securities Law of the People's Republic of China was amended for the first time by the 10th National People's Congress on October 27, 2005
Table Revised for the first time at the 18th Meeting of the Standing Committee of the National People's Congress on June 29, 2013 by the 12th National People's Congress
Decision on Amending Twelve Laws Including the Law of the People's Republic of China on the Protection of Cultural Relics at the Third Meeting of the Standing Committee
The second amendment was made at the 10th meeting of the Standing Committee of the Twelfth National People's Congress on August 31, 2014
The Decision on Amending Five Laws Including the Insurance Law of the People's Republic of China was revised for the third time on December 28, 2019
Securities Law of the People's Republic of China revised at the 15th Meeting of the Standing Committee of the 13th National People's Congress
And as amended from time to time by the enacting authority
11. 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,
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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
12. Sales Measures: Refers 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
13. 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
14. Operation Measures: refer to the Public Offering issued by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Measures for the Operation and Management of Securities Investment Funds and amendments made by the promulgating authority from time to time
15. 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
16. China Securities Regulatory Commission: China Securities Regulatory Commission
17. Banking regulatory authority: refers to the People's Bank of China and/or the China Banking and Insurance Regulatory Commission
18. Parties to the fund contract: refer to the laws that are bound by the fund contract and enjoy rights and assume obligations according to the fund contract
Entities, including fund managers, fund custodians and fund share holders
19. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
20. Institutional investors: refer to those who can invest in securities investment funds according to law and are legally registered in the People's Republic of China
Enterprise legal persons, institutional legal persons, social organizations or other organizations that exist or are established and exist with the approval of relevant government departments
21. QFII: It refers to qualified foreign institutional investors and RMB qualified foreign institutional investors
The Measures for the Administration of Domestic Securities and Futures Investment (including its amendments from time to time) and relevant laws and regulations require the use of funds from overseas to
Foreign institutional investors investing in domestic securities and futures, including qualified foreign institutional investors and RMB qualified foreign institutional investors
Investor
22. Investors, investors: refer to individual investors, institutional investors, qualified foreign investors and laws, regulations or
The collective name of other investors allowed by the CSRC to purchase securities investment funds
23. Fund share holders: refer to investors who legally acquire fund shares in accordance with the fund contract and prospectus
24. Fund sales business: refers to the fund manager or sales agency opening a fund trading account for investors to promote
Fund, handle the sale, subscription, redemption, conversion, transfer of custody, fixed investment of fund units and provide information check of fund trading account
Inquiry service
25. Sales agency: refers to China Southern Fund Management Co., Ltd. and complies with the Sales Measures and the regulations of the CSRC
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Other conditions specified, obtaining the qualification of fund sales business and signing a fund sales service agreement with the fund manager to handle the fund
Sales organization
26. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including investor base
Establishment and management of gold accounts, registration of fund shares, confirmation, clearing and settlement of fund sales business, agency distribution of dividends
Establish and maintain the register of fund share holders and handle non transaction transfer, etc
27. Registration agency: refers to the agency that handles registration business. The registration authority of the Fund is China Southern Fund Management Co., Ltd
The Company or the institution entrusted by China Southern Fund Management Co., Ltd. to handle registration business on behalf of the Company, and the registration institution of the Fund is China Southern
Fang Fund Management Co., Ltd
28. Fund account: refers to the fund opened by the registration institution for the investor, which records the fund held by the investor and managed by the fund manager
Account for the balance of gold shares and their changes
29. Fund transaction account: refers to the account opened by the sales agency for the investor and recorded that the investor handles the recognition through the sales agency
Account of fund unit change and balance caused by purchase, subscription, redemption and other businesses
30. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract, and the fund management
The date on which the manager completed the fund filing procedures with the CSRC and obtained the written confirmation from the CSRC
31. 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 when the liquidation results are reported to the CSRC for filing and announced
32. Fund raising period: the period from the date of offering of fund units to the date of closing the offering, which shall not exceed 3
Months
33. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
34. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
35. T day: refers to the open day on which the sales institution accepts the subscription, redemption or other business applications of investors at the specified time
36. T+n day: refers to the nth working day from T day (excluding T day), and n is a natural number
37. Minimum holding period: For each fund unit, the starting date of the minimum holding period refers to the effective date of the fund contract (for subscription
For units, the same below) or the confirmation date for subscription of fund units (for subscription units, the same below), the expiration date of the shortest holding period refers to
The 120th day from the effective date of the fund contract or the confirmation date of fund share subscription (if this day is not a working day, it shall be postponed to the next working day
Day)
38. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units. Normally,
The Fund accepts the subscription application of investors on the open day, but for each fund unit, the minimum holding period, expiration date and minimum holding period
After the maturity date, fund share holders can apply for redemption
39. Opening Hours: refers to the time period when the fund accepts subscription, redemption or other transactions on the open day
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40. Business Rules: refer to the Business Rules for Open ended Funds of China Southern Fund Management Co., Ltd., which regulate funds
The business rules on the registration of open-ended securities investment funds managed by the manager shall be jointly observed by the fund manager and investors
41. Subscription: during the fund raising period, investors apply for the purchase of funds in accordance with the provisions of the fund contract and prospectus
Behavior of gold share
42. Subscription: after the Fund Contract comes into effect, investors apply for the purchase of the Fund in accordance with the provisions of the Fund Contract and the Prospectus
Behavior of gold share
43. Redemption: means that after the Fund Contract comes into effect, the Fund Unitholders shall comply with the conditions specified in the Fund Contract and the Prospectus
The act of requesting the conversion of fund units into cash
44. Fund conversion: refers to the Fund Unitholders' compliance with the provisions of the Fund Agreement and the then effective announcement of the Fund Manager
Application to convert the fund units of a fund managed by the fund manager to other funds managed by the fund manager
Behavior of gold fund units
45. Transfer of custody: refers to the fund shares held by fund share holders who change between different sales agencies of the Fund
Operation of sales organization
46. Fixed investment plan: refers to the application submitted by the investor through the relevant sales agency to agree on the subscription date, deduction amount and
The sales agency will automatically complete the deduction and accept the fund in the bank account designated by the investor on the agreed deduction date of each period
An investment method for subscription application
47. Large 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
The balance after deducting the total number of subscription application units and the total number of transfer in application units in fund conversion from the total number of transfer out application units in conversion
Amount) more than 10% of the total fund shares of the last open day
48. RMB: refers to RMB
49. Fund profit: refers to fund interest income, investment income, income from changes in fair value and other income deduction
Balance after expenses
50. Total value of fund assets: refers to the value of various securities and bills owned by the fund, the principal and interest of bank deposits, and
Total value of purchase money and other assets
51. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
52. 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
53. 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 the fund
Process of net share value
54. Regulated media: refer to the national newspapers and magazines that meet the conditions specified by the CSRC for information disclosure and the Letter
Internet websites (including fund manager websites, fund custodian websites, funds of the CSRC
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Electronic disclosure website) and other media
55. Sales service fee: it refers to the amount withdrawn from the fund property and used for the market promotion, sales and fund shares of the Fund
Fees for holder services
56. Class A fund units: refers to the front end subscription/subscription fees charged by investors when subscribing/subscribing, and not from the base of this class
Fund shares with sales service fees withdrawn in net asset value
57. Class C fund units: refers to the different sales service fees withdrawn from the net asset value of the fund of this category, and no subscription is charged
/Fund shares of subscription fees
58. Liquidity restricted assets: refer to assets that cannot be priced at a reasonable price due to laws, regulations, supervision, contracts or operational barriers
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
59. Swing pricing mechanism: refers to the adjustment of the net value of fund units
To allocate the market shock cost of the fund's adjusted portfolio to the investors who actually subscribe and redeem, so as to reduce the counter deposit
To measure the adverse impact on the interests of fund share holders and ensure that the legitimate rights and interests of investors are not damaged and are treated fairly
60. Side pocket mechanism: It refers to the separation of specific assets in the fund portfolio from the original account to a special account
The purpose of disposal and liquidation is to effectively isolate and defuse risks and ensure that investors are treated fairly, which belongs to liquidity risk management
Tools. 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
61. 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
62. 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
63. Credit protection buyer: also called credit protection buyer, refers to the party receiving credit risk protection
64. Credit protection seller: also called credit protection provider, refers to the party providing credit risk protection
65. Nominal principal: also called transaction nominal principal, is the amount of credit risk protection provided by a credit derivatives transaction,
All payments and settlements are based on this amount
66. Force majeure: refers to objective events that cannot be foreseen, avoided and overcome by the parties to the fund contract
The above definitions involve laws, regulations and business rules. After the revision of laws, regulations and business rules, if applicable
The relevant contents of the fund shall be subject to the revised laws, regulations and business rules.
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Part III Fund Manager
1、 Overview of the Fund Manager
Name: South Fund Management Co., Ltd
Domicile and office address: 32-42/F, Fund Building, 5999 Yitian Road, Lianhua Street, Futian District, Shenzhen
Time of establishment: March 6, 1998
Legal representative: Zhou Yi
Registered capital: 3617.2 million yuan
Tel.: (0755) 82763888
Fax: (0755) 82763889
Contact: Chang Kechuan
In 1998, China Southern Fund Management Co., Ltd. was approved by China Securities Regulatory Commission in ZJJZ [1998] No. 4 document
Ltd., Xiamen International Trust and Investment Co., Ltd. and Guangxi Trust and Investment Co., Ltd. In 2000, it was certified by China Securities
JKZJJJJZ [2000] No. 78 approved the capital increase and share expansion, and the registered capital reached 100 million yuan. In 2005,
The registered capital was increased to 150 million yuan with the approval of ZJJZZ [2005] No. 201 document of China Securities Regulatory Commission.
In 2014, the Company increased its registered capital to 300 million yuan by increasing its capital and shares.
In January 2018, the company was changed into China Southern Fund Management Co., Ltd. with a registered capital of 300 million yuan
Currency.
On July 30, 2019, the company's registered capital increased to 3617.2 million yuan. On October 19, 2021, the company's equity settlement
The structure was adjusted to 41.16% of Huatai Securities Co., Ltd., 27.44% of Shenzhen Investment Holding Co., Ltd. and Xiamen International Trust
Ltd. 13.72%, Industrial Securities Co., Ltd. 9.15%, Xiamen Hezeji Enterprise Management Partnership (limited
Partnership) 1.72%, Xiamen Hezexiang Enterprise Management Partnership (Limited Partnership) 2.24%, Xiamen Hezeyi Enterprise Management Partnership
Enterprise (limited partnership) 2.25%, Xiamen Hezeying Enterprise Management Partnership (limited partnership) 2.32%.
2、 Key personnel
1. Board members
Mr. Zhou Yi, Bachelor of Computer Communication, Chinese. Served in Jiangsu Post and Telecommunications School and Jiangsu Post and Telecommunications Administration
Telecom Center, Jiangsu Mobile Communication Co., Ltd., former chairman of Jiangsu Bell Co., Ltd., Nanjing Xinwang Video Technology Co., Ltd
Chairman of the Board of Directors of the Company, Deputy General Manager of Shanghai Bell Fuxin Communication Co., Ltd., Deputy Secretary, President, Secretary of the Party Committee of Huatai Securities
chairman. Currently, he is the director, CEO, director of the Executive Committee and member of the Party Committee of Huatai Securities Co., Ltd
Chairman of Fund Management Co., Ltd., Chairman of South Dongying Asset Management Co., Ltd., AssetMark Financial
Director of Holdings, Inc., Director of Huatai Financial Holdings (Hong Kong) Co., Ltd., Huatai Securities (Singapore)
Director of Pte. Limited.
Mr. Zhang Hui, Doctor of Management, Chinese nationality. Served in Beijing Dongcheng District Talent Exchange Service Center and Brilliance Group Shanghai
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Cadres of the office, Tongshang Holding Co., Ltd., Beijing Lianchuang Investment Management Co., Ltd., senior of Huatai Securities Asset Management Headquarters
Manager, Investment Planner of Securities Investment Department, Deputy General Manager of Nantong Yaogang Road Business Department, General Manager of Shanghai Ruijin First Road Business Department
Deputy General Manager of the Securities Investment Department, General Manager of the General Affairs Department, General Manager of the Human Resources Department, and Head of the Organization Department of the Party Committee. Current Huatai
Member of the Executive Committee and Secretary of the Board of Directors of Securities Co., Ltd., director of China Southern Fund Management Co., Ltd.
Ms. Wang Lianfen, Master of Finance, Chinese. Served in sales of SEG Group and investment of Shenzhen Investment Fund Management Company
Director of Research Office of Capital First Department, Deputy General Manager of Dapeng Securities Brokerage Business Department, General Manager of Shenzhen Fuhong Road Business Department, and General Manager of South Headquarters
Manager, President Assistant, President Assistant of First Securities, General Manager and Channel Service of Huaqiang North Road Business Department of Huatai United Securities, Shenzhen
General Manager of the Department, General Manager of the Operation Center, General Manager of the Retail Customer Department, Executive Office Director, Special Assistant to the President, General Manager of Huatai Securities
Disarmament assistant. Currently, he is the assistant director of the Executive Committee of Huatai Securities Co., Ltd., the general manager of Shenzhen Branch, and the manager of Nanfang Fund Management Co., Ltd
Director of Li Co., Ltd.
Mr. Du Xiufeng, Master of Economics and Economic Law, Chinese. Served as Deputy of Policy and Regulation Division of Shenzhen Municipal Bureau of Supervision, Guangdong Province
Chief Section Staff, Chief Office Staff, Deputy Director of Supervision and Inspection Division of Shenzhen SASAC, Supervision and Inspection of Shenzhen SASAC
Deputy Director of the Division, Deputy Director of the Office, Deputy Director of the Enterprise Leadership Management Division, and Enterprise Leadership Management Division of Shenzhen SASAC
Director, Deputy General Manager of Shenzhen Investment Holding Co., Ltd. He is now the Deputy Secretary of the Party Committee and Director of Shenzhen Investment Holding Co., Ltd,
Director of Shenzhen Hi tech Investment Group Co., Ltd., Vice Chairman of China Nanshan Development (Group) Co., Ltd., Tsinghua University, Shenzhen
Director and Secretary General of University Research Institute, Vice Chairman of Shenzhen Chiwan Industrial Development Co., Ltd., and South Fund Management Co., Ltd
Directors of the Company.
Mr. Li Ping, MBA, Chinese. Served in the office of Shenzhen Urban Construction and Development (Group) Co., Ltd
Director of the Office, Director's Office, Senior Director of the Office of Shenzhen Investment Holding Co., Ltd., Senior Director of the Third Enterprise Department, and Financial Development Department
Deputy Minister. At present, he is the head of the Financial Development Department of Shenzhen Investment Holding Co., Ltd. and Shenzhen Urban Construction and Development (Group) Co., Ltd
Directors of the Company, Shenzhen Asset Management Co., Ltd., Shenzhen Investment Holding Capital Co., Ltd., Shenzhen Investment Holding Donghai Investment
Director of Capital Management Co., Ltd., supervisor of China Merchants Renhe Life Insurance Co., Ltd., director of Institute of Financial Stability and Development, Shenzhen
Executive Director and General Manager of Shenzhen Penglian Investment Co., Ltd., Executive Director and General Manager of Shenzhen Investment Holding Investment Co., Ltd., Nanfang
Director of Fund Management Co., Ltd.
Ms. Chen Mingya, Bachelor of Management, Certified Public Accountant, Chinese. Served as the head of the financial department of Xiamen International Trust Co., Ltd
Manager, currently the financial director, chief financial officer, general manager of finance department and general manager of investment development department of Xiamen International Trust Co., Ltd
Li, Director of China Southern Fund Management Co., Ltd.
Mr. Wang Bin, Doctor of Clinical Medicine, Chinese nationality. Served as a clinician in Anhui Sixian People's Hospital, and was in charge of Ruijin Hospital
Physician, pharmaceutical industry researcher, general manager assistant, deputy director, deputy general manager (presiding over work), general manager of Industrial Securities Research Institute
Manager. He is currently the president of Industrial Securities Economics and Finance Research Institute and the director of South Fund Management Co., Ltd.
Mr. Yang Xiaosong, Master of Economics, Chinese Certified Public Accountant, Chinese nationality, has no permanent residency abroad. Previously worked for Deloitte
Accounting professional translator of international accounting firm, staff of Securities Department of Everbright Bank, intern staff of NASDAQ, China Securities Regulatory Commission
Chief and Deputy Director, Chief Inspector of China Southern Fund Management Co., Ltd. He is now the director and president of China Southern Fund Management Co., Ltd,
Director of South Dongying Asset Management Co., Ltd.
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Mr. Li Xindan, Doctor of Finance, Special Allowance Expert of the State Council, Distinguished Professor of Changjiang Scholar of the Ministry of Education, Chinese.
He once served as a professor of School of Economics and Management of Southeast University and dean of School of Engineering Management of Nanjing University. New financial innovation of Nanjing University
Dean of the Research Institute, Director of the Financial Engineering Research Center, Professor and Doctoral Supervisor of Nanjing University, Executive Director of the Annual Meeting of China Financial Science
President of Jiangsu Capital Market Research Association, Vice President of Jiangsu Science and Technology Innovation Association, Independent Director of Bank of Jiangsu, HSBC
Independent Director of the Bank (China), Director of the Expert Committee of Shanghai Stock Exchange's Science and Technology Innovation Board System Evaluation, China Southern Fund Management Co., Ltd
Independent director of a limited company.
Mr. Zhang Zhong, Master of Law, is a native of China. He was a civil servant of Beijing Municipal People's Government. Current Beijing Zhonglun Lawyer Affairs
First level partner, head of capital market business, core head of securities business, independent director of UnionPay Commerce Co., Ltd
Independent director of China Dongfanghong Satellite Co., Ltd. and independent non-executive director of China National Heavy Truck (Hong Kong) Co., Ltd,
Independent non-executive director of Xiehe New Energy (Hong Kong) Co., Ltd. and independent director of China Southern Fund Management Co., Ltd.
Mr. Lin Bin, Doctor of Accounting, Australian Certified Public Accountant, Chinese. Once worked in the School of Management of Sun Yat sen University
Director of Accounting Department, Director of MPAcc Education Center, Vice President of Guangdong Audit Society, Vice President of Guangdong Assets Appraisal Association,
Vice President of Guangdong Internal Audit Association. Currently, he is a member of the Advisory Expert Group of the Internal Control Standards Committee of the Ministry of Finance, and the chief engineer of Guangdong Province
Member of the Standing Committee of the Commission on Economic Review, President of Guangdong Management Accountants Association, Vice President of Guangdong Internal Control Association, School of Management of Sun Yat sen University
Professor of accounting, doctoral supervisor, independent director of Southern Publishing Media Co., Ltd., Guangzhou Shiyuan Electronic Technology Co., Ltd
Independent director of Guangzhou Metro Design Institute Co., Ltd
Independent director of Shenzhen Hongfuhan Technology Co., Ltd., independent director of China Southern Fund Management Co., Ltd
director.
Mr. Zheng Jianbiao, Master of Economics, Senior Master of Business Administration, Chinese CPA, Chinese nationality. Previously worked in Beijing
Cadre of the Municipal Finance Bureau, manager of Shenzhen Shekou Zhonghua Certified Public Accountants, deputy director of Kyoto Certified Public Accountants, No
Member of the Ninth Stock Issuance Review Committee, member of the First to Third Listed Company Merger and Reorganization Expert Advisory Committee of the CSRC
Member. Currently, he is the managing partner of Grant Thornton Certified Public Accountants (special general partnership), the executive vice president of China M&A Association, Beijing
Vice President of the Institute of Certified Public Accountants, member of the first Science and Technology Innovation Board Stock Listing Committee of Shanghai Stock Exchange, Southern Fund Management
Independent director of a joint stock limited company.
Ms. Xu Haoping, Doctor of Accounting, Chinese. Worked in Jiangsu Silk Import and Export Co., Ltd., Nanjing
Staff of Global Jiebik Co., Ltd., staff of Nanjing Guodian Nanzi Co., Ltd., and teachers of Fudan University. Current Fudan
Associate professor of University School of Management, independent director of Wuxi Lintex New Material Technology Co., Ltd., Suzhou Haiguang Xinchuang Optoelectronics
Independent director of Science and Technology Co., Ltd., and independent director of China Southern Fund Management Co., Ltd.
2. Members of the Board of Supervisors
Ms. Chen Li, Master of Law, Chinese nationality. Served as the general manager of Huatai Securities Shenzhen Mintian Road Business Department, Shenzhen Yitian Road
General Manager of the Business Department, Deputy Director of the Research Institute. Currently, he is the director of the research institute of Huatai Securities Co., Ltd., Huatai International Financial Holding
Director of the Company, Vice Chairman of Huatai Futures Co., Ltd., and Supervisor of China Southern Fund Management Co., Ltd.
Mr. Liu Liqiang, Bachelor of Economics, Certified Public Accountant, Chinese. He once worked for Guangdong Tobacco Chaozhou Co., Ltd,
He is currently the assistant to the general manager of the Finance Department of Xiamen International Trust Co., Ltd. and the supervisor of South Fund Management Co., Ltd.
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Mr. Zheng Kedong, Master of Economics, Chinese. He once worked as the senior planning manager of Guotai Junan Securities Network Finance Department
Manager of Business Planning and Performance Analysis of Securities Strategic Development Department, Head of Planning and Development of Science and Technology Finance Department of Private Finance Committee, Brokerage
Director of the Investment Advisory Platform Operation Department and Director of the Financial Planning Department of the headquarters, Assistant to the General Manager of the Wealth Management Department, and Deputy General Manager of the Digital Intelligence Finance Department.
He is now the Deputy General Manager of the Wealth Management Department of Industrial Securities and the Supervisor of South Fund Management Co., Ltd.
Mr. Lu Wenqing, MBA, Chartered Financial Analyst (CFA), Chinese, has no permanent residency abroad. once
Served in Donglian Finance Leasing Co., Ltd., and once worked as an employee and customer of Hefei Financial Center of South Fund Management Co., Ltd
Senior Vice President of the Department, General Manager of Hefei Financial Center. Current employee supervisor and client of China Southern Fund Management Co., Ltd
Department Director, General Manager of Customer Relationship Department and General Manager of Hefei Branch.
Mr. Xu Gang, MBA, Chinese, has no permanent residency abroad. Once worked as an employee of Shenzhen Futures Investment Company
Project Manager, staff of Shanghai Branch of China Southern Fund Management Co., Ltd., staff of Institutional Business Department, and head of Pension Business Department
Director of Shanghai Branch. He is now an employee supervisor and executive director of the Pension Business Department of China Southern Fund Management Co., Ltd.
Mr. Su Wang, with a master's degree in law, is Chinese and has no right of permanent residence abroad. Previously worked for Guosen Securities Co., Ltd
Staff of Compliance Management Headquarters, staff of Shenzhen Rongtong Capital Management Co., Ltd., supervisor of China Southern Fund Management Co., Ltd
Commissioner of the Audit Department, Vice President, Senior Vice President, Head of the Audit Department (presiding over the work). Current Southern Fund Management
Employee supervisor and director of the Supervision and Audit Department of a joint stock limited company.
Ms. Dong Xinghua, with a master's degree and Chinese nationality, has no permanent residency abroad. Worked in PICC Wuhan Branch
China Life Reinsurance Company, China Reinsurance Company, Shenzhen Securities Communication Company, China Southern Fund Management Co., Ltd
Manager of the Management Department, Senior Vice President of the Office, and now employee supervisor and office director of China Southern Fund Management Co., Ltd.
3. Senior management of the company
Mr. Yang Xiaosong, President, Master of Economics, Chinese CPA, Chinese nationality, without permanent residency abroad. Former post
Professional accounting translator of Deloitte Touche Tohmatsu, staff member of Securities Department of Everbright Bank, intern staff of NASDAQ in the United States, Chinese certificate
Director and Deputy Director of the Supervisory Commission, Chief Inspector of China Southern Fund Management Co., Ltd. Currently, he is a director of China Southern Fund Management Co., Ltd
President, director of South Dongying Asset Management Co., Ltd.
Mr. Yu Wenhong, Vice President, Master of Business Administration, economist, Chinese, without permanent residency abroad. Served as Jiang
Business Manager of Jiangsu Investment Corporation, Department Manager of Jiangsu International Investment Corporation, Investment Banking Department of Jiangsu International Trust and Investment Corporation
General Manager, Chairman and General Manager of Jiangsu Guoxin Hi tech Venture Capital Co., Ltd., and Chairman of South Capital Management Co., Ltd.
He is now the Vice President and member of the Party Committee of China Southern Fund Management Co., Ltd.
Mr. Zhu Yundong, Vice President, Bachelor of Economics, Senior Economist, Chinese, without permanent residency abroad. Previous positions
Secretary of the Local Budget Department and General Office of the Ministry of Finance, Business Manager of China Economic Development Trust and Investment Corporation, and China Economic Trust Investment Co., Ltd
General Manager of General Management Department, General Manager of Beijing Branch of China Southern Fund Management Co., Ltd., Director of Product Development Department, Assistant to President
Manager, Chief Marketing Officer. He is now the vice president and member of the Party Committee of China Southern Fund Management Co., Ltd
Chairman of the Board of Directors of the Company and director of South Dongying Asset Management Co., Ltd.
Mr. Chang Kechuan, Vice President, EMBA Master of Business Administration, Chinese, without permanent residency abroad. Previously worked in China
Deputy Secretary of Agricultural Bank of China, General Manager of Investment Business Department of Southern Securities Co., Ltd., General Manager and President of Shenyang Branch
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Assistant, secretary of the board of directors and compliance director of Huatai United Securities, director of Southern Capital Management Co., Ltd. Current South
Vice President, Chief Information Officer, Secretary of the Board of Directors and Secretary of the Commission for Discipline Inspection of Fund Management Co., Ltd.
Mr. Li Haipeng, Vice President, MBA, CFA, Chinese, without permanent residence abroad
Retention. He used to be a senior analyst of the investment department of AXA Financial, and a senior researcher of Southern Fund Management Co., Ltd
Researcher, Fund Manager Assistant, Fund Manager, Executive Director of National Social Security and International Business Department, Director of National Social Security Business Department
Director of Fixed Income Department, Assistant to President and Director of Fixed Income Investment, and Director of South Dongying Asset Management Co., Ltd. Current South
Vice President and Chief Investment Officer (Fixed Income) of Fang Fund Management Co., Ltd.
Mr. Shi Bo, Vice President, Master of Economics, Chartered Financial Analyst (CFA), Chinese, without permanent residency abroad.
He used to be a researcher of Bosera Fund Management Co., Ltd., general assistant of the market department, and senior of the stock department of China Life Asset Management Co., Ltd
Investment Manager, Deputy Investment Director, Research Director, Chief Strategic Analyst and Fund Manager of Taida Manulife Fund Management Co., Ltd,
Fund Manager, Director of Research Department, Assistant President and Chief Investment Officer (equity) of China Southern Fund Management Co., Ltd. Current South
Vice President and Fund Manager of Fund Management Co., Ltd.
Mr. Bao Wenge, Inspector General, Master of Economics, Chinese nationality, has no right of permanent residence abroad. Served in the Chinese Association of the Ministry of Finance
Auditor of accounting firm, assistant to general manager of investment banking department and planning and finance department of Southern Securities Co., Ltd., Southern Fund Management Co., Ltd
Director of the Company's Operation Support Department, supervisor of the Company, financial director, president assistant. Current Southern Fund Management Co., Ltd
Inspector General, Director of Southern Capital Management Co., Ltd.
Mr. Cai Zhongping, Financial Administrator, Master of Economics, Senior Association of Chinese Certified Public Accountants and Chartered Certified Public Accountants Association
Member (FCCA), Chinese, without permanent residence abroad. Served as teaching assistant of Zhongnan University of Finance and Economics, and head of Shekou Industrial Zone of China Merchants Group
Accountant of the Accounting Office, senior manager of the Fund and Finance Department of Guosen Securities Co., Ltd., senior auditor of PricewaterhouseCoopers
Accountant, Chief Financial Officer of SDIC UBS Fund Management Co., Ltd. Current financial director of China Southern Fund Management Co., Ltd
He is also the general manager of the Finance Department, director of South Dongying Asset Management Co., Ltd., supervisor of South Capital Management Co., Ltd., Shenzhen South
Director of Equity Investment Fund Management Co., Ltd.
4. Fund Manager
Mr. Liu Jianyan, Master of Finance, University of International Business and Economics, is qualified to work in the fund industry. Former First Venture Securities
Researcher of Fixed Income Department, Investment Manager of Asset Management Department, Fund Manager of Penghua Fund, Deputy General Manager of Fixed Income Department, Nordisk
Gold Fund Manager, General Manager of Fixed Income Department, Assistant to General Manager. From April 8, 2011 to October 10, 2018
Penghua Credit Profit Increase Fund Manager; From February 6, 2013 to March 14, 2014, Ren Penghua Industrial Bond Fund Manager; two thousand and thirteen
From March 8, 2016 to May 27, 2016, served as the manager of Penghua National Enterprise Bond Fund; November 19, 2013 to May 2016
On April 27, Ren Penghua Fengrong Fund Manager; Ren Penghua Monetary Fund from May 27, 2014 to September 26, 2018
Manager; From March 10, 2015 to October 10, 2018, Ren Penghua, double bond profit increasing fund manager; May 4, 2017
From December 15, 2017, Ren Penghua Fengjia Fund Manager; From June 21, 2017 to September 26, 2018,
Ren Penghua Jucaitong Fund Manager; From July 13, 2017 to September 26, 2018, served as the manager of Penghua Xingxinbao Fund;
From August 9, 2017 to September 26, 2018, Ren Penghua, the fund manager of Surplus Treasure; July 15, 2020 to 2021
On July 28, 2006, he served as the manager of Nordea Enhancements and Nordea Enjoyments Pure Bond Fund; February 18, 2022 to June 2023
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On the 15th, he served as the manager of South Rongnian Fund; From July 22, 2022 to September 15, 2023, he will be held by Nanfang Huiyuan for 6 months
Term bond fund manager; From June 15, 2023 to January 19, 2024, Nanfang Rongnian holds mixed funds for one year
Manager; Joined the China Southern Fund in August 2021, and has been working as a medium and short term bond and fixed yuan bond of China Southern since February 18, 2022
Short term fund manager; From January 13, 2023 to now, served as the manager of Southern Dual Fund; From October 24, 2023 to now
Manager of Nanfang Huixiang Robust Yili Bond Fund.
5. Members of the Investment Decision making Committee
Mr. Li Haipeng, Vice President and Chief Investment Officer (Fixed Income), Mr. Sun Lumin, Co Chief Investment Officer, Cash and Debt
Mr. Xia Chenxi, General Manager of Securities Index Investment Department, Ms. Wang Ke, General Manager of Transaction Management Department, and Li Xuan, General Manager of Fixed Income Investment Department
Madam, Mr. Qiao Yufu, General Manager of Mixed Assets Investment Department, and Mr. Tao Shue, General Manager of Fixed Income Research Department.
6. There is no close relative relationship between the above personnel.
3、 Responsibilities of the Fund Manager
(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) To manage, account for and invest in securities of different fund assets under their management;
(4) Determine the fund income distribution plan in accordance with 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 reports;
(6) Prepare quarterly report, interim report and annual report;
(7) Calculate and disclose the net value of the fund, and determine the purchase and redemption prices of fund units;
(8) To handle information disclosure matters related to fund property management business activities;
(9) Convene the general meeting of fund unit holders in accordance with the provisions;
(10) Keep records, account books, statements and other relevant materials of fund property management business activities;
(11) Exercise litigation rights or implement other legal acts on behalf of fund share holders in the name of the fund manager
Is;
(12) Other duties stipulated by laws and regulations, the CSRC and the Fund Contract.
4、 The Fund Manager's commitment to comply with laws and regulations
1. The Fund Manager promises to abide by the Fund Law and other relevant laws and regulations, and establish sound internal control
System and take effective measures to prevent violations of the Fund Law and other relevant laws and regulations.
2. The Fund Manager undertakes not to engage in the following acts:
(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 persons other than fund share holders by taking advantage of fund assets or positions;
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(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.
5、 Commitment of the Fund Manager on Prohibited Sexual Behaviors
In order to safeguard the legitimate rights and interests of fund share holders, the Fund is prohibited from engaging in the following acts:
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, unless otherwise stipulated by laws and regulations or the CSRC;
5. Make capital contributions to the Fund Manager and the 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 provisions of the CSRC.
If laws, administrative regulations or regulatory authorities cancel the above restrictions, and if applicable to the Fund, the Fund Manager shall
After the procedure, the Fund's investment will no longer be subject to relevant restrictions.
6、 Fund manager commitment
1. In accordance with the relevant laws, regulations and the provisions of the Fund Agreement, and in the principle of prudence
Big interests;
2. Cannot take advantage of his position to seek benefits for himself, his 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 using the information to engage in or express or imply others to engage in relevant trading activities;
4. Do not conduct securities trading for other organizations or individuals in any form.
7、 Internal control system of fund manager
1. Overview of internal control system
In order to ensure the standardized operation of the company, effectively prevent and resolve management risks, operational risks and operational risks, and ensure that
The financial information of the Fund and the Company and other information are true, accurate and complete, so as to maximize the protection of fund share holders'
The Fund Manager has established a scientific and reasonable internal control system with strict control and efficient operation.
Internal control system refers to a series of organizational mechanisms, management methods and operations established by the company to achieve internal control objectives
The general term of procedures and control measures. Internal control system consists of internal control outline, basic management system, department business rules, etc
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Cheng.
The company's internal control outline is the refinement and expansion of the internal control principles stipulated in the company's articles of association, and is the basic management system
The internal control outline defines the internal control objectives, internal control principles, control environment, internal control measures and other contents.
The basic management system includes internal accounting control system, risk control system, investment management system, supervision and audit system
Fund accounting system, information disclosure system, information technology management system, data file management system, performance evaluation and assessment system
And emergency response system.
On the basis of the basic management system, department business rules are used to define the main responsibilities, post settings, post responsibilities
Detailed description of operation rules, etc.
2. Internal control principle
Principle of soundness. The internal control mechanism must cover all businesses, departments or institutions and personnel at all levels of the company, and
It covers decision-making, implementation, supervision, feedback and other operational links.
Principle of effectiveness. Establish reasonable internal control procedures and maintain the effectiveness of internal control system through scientific internal control means and methods
Execution.
The principle of independence. Each organization, department and post of the Company shall remain relatively independent in terms of function
The operation of assets and other assets shall be separated.
The principle of mutual restriction. The internal departments and positions of the company must be set up with clear rights and responsibilities, mutual checks and balances, and through practical and feasible
To implement.
Cost effectiveness principle. The company should give full play to the work enthusiasm of all institutions, departments and employees at all levels, and use scientific methods
In order to achieve the best internal control effect with reasonable control costs, we should try our best to reduce operating costs and improve economic benefits.
3. Main internal control system
(1) Internal accounting control system
The Company has formulated the fund accounting system in accordance with the Accounting Law of the People's Republic of China and other relevant national laws and regulations
Financial accounting system, accounting operation process and accounting post responsibilities, and establish strict accounting for each risk control point
System control.
The internal accounting control system includes voucher system, review system, accounting treatment procedure, fund valuation system and procedure
Financial liquidation system and procedures, cost control system, financial revenue and expenditure approval system, expense reimbursement management measures, property registration
Custody and physical asset inventory system, accounting file custody and financial handover system, etc.
(2) Risk management control system
The risk control system shall be formulated by each department organized by the Risk Control Committee, and the risk control system shall be formulated by the target of risk control and the original
Then, the institutional setting of risk control, risk control procedures, definition of risk types, main measures of risk control, risks
It is composed of specific control system, supervision and evaluation of risk control system, etc.
The specific system of risk control mainly includes investment risk management system, transaction risk management system and financial risk control system
Degree, post separation system, firewall system, post responsibilities, feedback system, confidentiality system, employee code of conduct and other procedures
Sexual risk management system.
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(3) Supervision and audit system
The company has set up an inspector general to supervise and inspect the legal compliance of the fund and the company's operation and the company's internal risk control
Situation. The Chief Inspector shall be nominated by the General Manager, appointed by the Board of Directors and approved by all independent directors.
The Chief Inspector is responsible for organizing and guiding the Company's supervision and audit work. The Chief Inspector shall be fully informed, except in cases where he should avoid
And independent investigation. The chief inspector has the right to participate in or attend the board of directors of the company and the company industry as nonvoting delegates according to the need to perform his duties
Have the right to access relevant documents and archives of the company at meetings related to financial affairs, investment decision-making, risk management, etc. The chief inspector shall regularly or
Submit work reports to all directors irregularly, and submit them at regular meetings of the Board of Directors and relevant special committees under the Board of Directors
Inform the fund and the legal compliance of the company's operation and the company's internal risk control.
The company sets up a supervision and audit department to carry out supervision and audit work. The company is equipped with sufficient and qualified supervision and audit personnel,
The responsibilities and work processes of the supervision and audit department and internal posts are clearly specified.
The supervision and audit system includes internal audit management measures, internal audit work standards, etc. Through the establishment of these systems
Check the compliance of all business departments and personnel of the company with relevant laws, regulations and rules; Check the implementation of the Company's business departments and personnel
The Bank's internal control system, various management systems and business rules.
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Part IV Fund Custodian
1、 Fund Custodian
1. Basic information
Name: Postal Savings Bank of China Co., Ltd. (hereinafter referred to as Postal Savings Bank of China)
Address: No. 3, Financial Street, Xicheng District, Beijing
Office address: Block A, No. 3, Financial Street, Xicheng District, Beijing
Legal representative: Liu Jianjun
Time of establishment: March 6, 2007
Organizational form: limited liability company
Registered capital: 92.384 billion yuan
Duration: continuous operation
Approval authority and approval document number: CBRC YJF [2006] No. 484
Approval document and document number of fund custody qualification: ZJXK [2009] No. 673
Contact: Ma Qiang
Tel: 010 － 68857221
Business scope: absorbing public deposits; Issue short-term, medium-term and long-term loans; Handle domestic and foreign settlement; Handle bill acceptance
Exchange and discount; Issuance of financial bonds; Issuing, cashing and underwriting government bonds as an agent; Buying and selling government bonds and financial bonds;
Interbank lending; Buying and selling foreign exchange; Engaging in bank card business; Provide letter of credit service and guarantee; Agency collection and payment
Payment and agency insurance business; Provide safe deposit box service; Others approved by China Banking Regulatory Authority and other regulatory authorities
Business.
With the consent of the State Council and the approval of the China Banking Regulatory Commission, Postal Savings Bank of China Limited
(Established on March 6, 2007) On January 21, 2012, it was changed into Postal Savings Bank of China Co., Ltd
Ltd. Postal Savings Bank of China Co., Ltd. inherits all the capital of the former Postal Savings Bank of China Co., Ltd. according to law
The assets, liabilities, institutions, businesses and personnel of the former Postal Savings Bank of China Co., Ltd
The rights and obligations in a legally effective contract or agreement, as well as the corresponding creditor debtor relationship and legal liability. China Post
Savings Bank Co., Ltd. insists on serving "agriculture, rural areas and farmers", small and medium-sized enterprises and urban and rural residents
Positioning of the bank, giving play to the advantages of postal network, strengthening internal control, compliance and steady operation, and providing excellent services for urban and rural residents and enterprises
Quality financial services to maximize shareholder value and support national economic development and social progress.
2. Key personnel
The head office of Postal Savings Bank of China Limited has a custody business department, which consists of asset custody office, product management office
Insurance Management Division, Operation Management Division, etc. Currently, there are 74 employees, all of whom have bachelor's degree or above, and 68 employees
I have the fund qualification and rich experience in custody services.
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3. Operation of custody business
On July 23, 2009, Postal Savings Bank of China was regulated by China Securities Regulatory Commission and China Banking Regulatory Commission
With the joint approval of the Council, it has obtained the qualification of securities investment fund custody, and is the 16th custodian bank in China. July 19, 2012
On January 1, Postal Savings Bank of China was approved by the China Insurance Regulatory Commission to obtain the insurance fund custody qualification. China Post
Government Savings Bank adheres to the business philosophy of customer-centric and service-oriented, relying on professional custody team and flexible trust
Business management system, standardized trusteeship management system, sound internal control system, and efficient business processing mode are the basis of Guangda
Gold share holders and numerous asset management institutions have provided safe, efficient, professional and comprehensive custody services and obtained cooperation
The partners have received unanimous praise.
As of December 31, 2023, there were 377 securities investment funds under the custody of Postal Savings Bank of China. So far, medium
Guopostal Savings Bank has formed private asset management plans, trust plans
Bank financial products, insurance funds, insurance asset management plans, private investment funds and other asset types of custody products
Department.
2、 Internal control system of fund custodian
1. Internal control objectives
As the Fund Custodian, Postal Savings Bank of China strictly abides by the national laws, regulations and industry supervision on custody business
Rules and relevant management regulations of the Bank, operate in compliance with the law, standardize operation, strictly supervise, ensure the steady operation of business, and guarantee the
The security and integrity of the Fund's assets, ensuring the authenticity, accuracy, integrity and timeliness of relevant information, and protecting the legitimacy of fund share holders
Equity.
2. Internal control organizational structure
Postal Savings Bank of China has a Risk Management Committee, which is responsible for the risk management and internal control of the whole bank
Check and guide the risk control work. The Trusteeship Business Department has set up an internal risk control department with full-time internal control supervision
Personnel are responsible for the internal control and supervision of custody business, and have the authority and ability to independently exercise supervision and audit.
3. Internal control system and measures
The Trusteeship Business Department has a systematic and perfect system control system, and has established a management system, control system, job responsibilities
The business operation process can ensure the standardized operation and smooth progress of the trusteeship business; The business personnel are qualified to work; Business management
The management shall strictly implement the review, audit and inspection system, and the authorization work shall be under centralized control. The business seal shall be kept, stored
The account information shall be kept strictly and the restriction mechanism shall be strict and effective; The business operation area is specially set up, closed management, and audio and video are implemented
monitor; Professional information disclosure personnel shall be responsible for business information to prevent disclosure; Automatic operation of business to prevent human accidents
The technical system is complete and independent.
3、 Methods and procedures for the Fund Custodian to supervise the Fund Manager's operation of the Fund
1. Supervision method
Supervise the investment operation of the entrusted fund in accordance with the Fund Law and its supporting regulations and the provisions of the fund contract. Strictly follow
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According to the current laws and regulations and the fund contract, the investment proportion, investment scope and investment group of the fund manager's funds
Supervise the compliance situation, give timely risk warnings for violations, require them to correct within a time limit, and report to China Securities Regulatory Commission at the same time
The Supervisory Commission. In the process of fund liquidation and accounting services provided for fund investment operation
The asset instruction and the fund manager shall inspect and supervise the withdrawal and expenditure of each fund's expenses.
2. Supervision process
(1) Regularly monitor the control indicators of the investment operation proportion of each fund through the fund supervision subsystem every working day,
In case of any abnormal situation such as excessive investment proportion, a written notice shall be sent to the fund manager to verify the situation with the fund manager,
Urge them to make corrections and report to the CSRC in a timely manner.
(2) After receiving the transfer instruction from the fund manager
The content is subject to legal compliance supervision.
(3) If the fund is found to be involved in illegal transactions through technical or non-technical means, the administrator shall be required to explain or
Provide evidence, require correction within a time limit, and report to the CSRC in a timely manner.
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Part V Relevant Service Organizations
1、 Sales organization
For details of the sales agencies, please refer to the Fund Unit Offering Announcement and the Fund Manager's website.
2、 Registration Authority
Name: South Fund Management Co., Ltd
Domicile and office address: 32-42/F, Fund Building, 5999 Yitian Road, Lianhua Street, Futian District, Shenzhen
Legal representative: Zhou Yi
Tel.: 4008898899
Contact: Gu Hepeng
3、 Law firm issuing legal opinion
Name: Beijing Jincheng Tongda (Shenzhen) Law Firm
Registered address: Floor 42, Radio and Television Financial Center, No. 9, Pengcheng 1st Road, Futian District, Shenzhen
Person in charge: Liu Yinhong
Tel.: (0755) 22235518
Fax: (0755) 22235528
Handling lawyers: Dai Ruidong, Huang Yiying
4、 Accounting firm auditing fund assets
Name: PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership)
Address: Room 01, Unit 507, DBS Building, No. 1318, Lujiazui Ring Road, China (Shanghai) Pilot Free Trade Zone
Office address: Floor 42, Qiantan Center, No. 588, Dongyu Road, Pudong New Area, Shanghai
Executive partner: Li Dan
Contact: Wu Lingwei
Tel: 021-23238888
Fax: 021-23238800
Handling CPA: Zhang Zhenbo, Wu Lingwei
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Part VI Fund Raising
The Fund Manager shall, in accordance with the Fund Law, the Operation Measures, the Sales Measures, the Fund Contract and other relevant provisions
And was registered and raised by CSRC on September 14, 2023 in ZJXK [2023] No. 2152.
The Fund is a contractual open-ended fund.
1、 Offering Term
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the announcement on the sale of fund units for the specific time of sale.
2、 Target
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 Fund Manager has the right to
The scope of objects shall be adjusted. For specific objects to be sold, please refer to the announcement on the sale of fund units and the relevant public companies issued by the fund manager at that time
Notice. The Fund will not be sold to the proprietary accounts of financial institutions for the time being. If the Fund is opened to the proprietary accounts of financial institutions in the future
In case of sales or adjustment of sales target, the relevant announcement of the fund manager at that time shall prevail.
3、 Raising objectives
The Fund may set a ceiling on the size of the initial offering. See the fund unit offering company for the specific ceiling and scale control scheme
Notice or other announcements. If the Fund sets a ceiling on the size of its initial offering, it will not be restricted by the size of this offering after the Fund Contract takes effect.
4、 Sales methods and channels
The Fund provides investment funds to investors through the fund sales outlets of each sales agency or other methods provided by the fund manager and sales agency
For the public offering of investors, please refer to the Fund Unit Offering Announcement for the specific list of each sales agency. The Fund Manager may change or
Increase or decrease of sales agencies. The specific sales agencies will be listed by the fund manager on the specified website.
The application method for subscription of the Fund shall be written application or other methods announced by the Fund Manager.
The selling face value of the Fund units is RMB 1.00, which is sold at face value.
The Fund is subscribed in full. If the funds are not fully received, the subscription will not be established, and the fund manager will
Refund of money for invalid or invalid subscription.
The fund investor may subscribe several times during the raising period, and once the subscription is confirmed, it cannot be revoked.
For the application submitted within the specified time on the same day (T day), the investor should generally check the transaction situation at the outlet on T+2 day,
Print the transaction confirmation at the outlet within 3 working days after the deadline for raising.
The acceptance of the subscription application by the sales agency does not mean that the application is certain to be successful, but only means that the sales agency has received the confirmation
Purchase application. The confirmation of subscription shall be subject to the confirmation result of the registration authority. For subscription application and confirmation of subscription shares
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The investors shall timely inquire and properly exercise their legal rights.
5、 Type of Fund Units
According to the different subscription/subscription fees and sales service fees collection methods, sales channels or other conditions, the Fund will
Gold shares are divided into different categories. The category of Class A fund units is to collect front-end subscription/subscription when investors subscribe/subscribe
Fees, and the fund shares that do not accrue sales service fees from the net asset value of the fund of this category; Class C fund units are from this category
Fund units for which the sales service fee is accrued in the net asset value of the fund and no subscription/purchase fee is charged.
Class A and Class C fund units of the Fund are set with codes respectively. Due to different fund fees, various fund shares of the Fund
The net value of fund units will be calculated separately, and the calculation formula is the net value of each category of fund assets on the calculation date divided by the
Total number of class fund units. The specific setting and rate level of the relevant fund share categories shall be determined by the fund manager, and the
Announcement in the prospectus and fund product information summary.
Without violating laws and regulations, the provisions of the Fund Agreement and having no material adverse impact on the interests of the Fund Unitholders
Under such circumstances, the Fund Manager may increase, decrease or adjust the setting of fund share categories and the matching of funds upon consensus with the Fund Custodian
The classification methods and rules of the gold shares shall be adjusted, and shall be in accordance with the relevant provisions of the Information Disclosure Measures before the date of implementation of the adjustment
It is not necessary to hold a general meeting of fund unit holders to make an announcement on the fixed media.
6、 Subscription fee
1. For investors subscribing Class A fund shares of the Fund, the maximum subscription rate of the Fund shall not be higher than 0.3%, and the subscription rate shall not be higher than 0.3%
The amount increases and decreases, as shown in the following table:
Subscription amount (M) Subscription rate
M<1 million yuan 0.3%
1 million yuan ≤ M ＜ 5 million yuan 0.1%
M ≥ 5 million yuan 1000 yuan per transaction
2. For investors who subscribe for Class C fund units of the Fund, the subscription rate is zero.
Investors who subscribe for many times shall be charged separately according to the corresponding rate grade of each subscription.
The fund subscription fee is not included in the fund property and is mainly used for fund marketing, sales, registration and other fundraising periods
All expenses of.
The Fund Manager and other fund sales institutions may, without violating the provisions of laws and regulations and the Fund Contract
A certain discount will be given to the fund subscription fees. See the fund manager or other funds for the relevant rules and procedures of rate preference
Relevant announcements or notices issued by the gold sales agency at that time.
7、 Treatment of interest in subscription period
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Before the Fund Contract comes into effect, the subscription funds of investors can only be deposited into a special account and may not be used. Subscription funds are being raised
The interest generated during the collection period will be converted into fund units and owned by the fund unit holders, of which the amount of interest transferred to units shall be registered
The records of the organization shall prevail.
8、 Calculation of Fund Subscription Units
1. Fund subscription shall be in the form of "amount subscription and share confirmation".
The subscription amount of Class A fund units includes subscription fees and net subscription amount. The calculation formula of subscribed shares is:
(1) Applicable to proportional rate
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=subscription amount - net subscription amount
Subscription unit=(net subscription amount+subscription interest)/selling face value of fund unit
(2) Applicable to fixed expenses
Net subscription amount=subscription amount - fixed subscription fee
Subscription unit=(net subscription amount+subscription interest)/selling face value of fund unit
For example, an investor invested 100000 yuan to subscribe for Class A fund shares of the Fund, and the subscription generated interest of 50 yuan, corresponding to the subscription of
If the purchase rate is 0.3%, the subscription shares available are:
Net subscription amount=100000/(1+0.3%)=99700.90 yuan
Subscription fee=100000-99700.90=299.10 yuan
Subscription units=(99700.90+50.00)/1.00=99750.90
The subscription rate of Class C fund units is 0, and the calculation formula of subscription units is:
Subscription units=(subscription amount+subscription interest)/selling face value of fund units
For example, an investor invested 100000 yuan to subscribe for Class C fund shares of the Fund, and the subscription generated interest of 50 yuan. Then it can
The subscription units obtained are:
Subscription units=(100000+50.00)/1.00=100050.00
2. In the calculation of subscribed units, the calculation results involving fund units and amounts shall be rounded to the decimal place
Point to the last two, and the resulting gains or losses shall be borne by the fund property.
3. The interest generated from the effective subscription funds during the raising period will be converted into fund units and belong to the fund unit holders
The transfer of interest into shares shall be subject to the records of the fund registration authority.
9、 Limitation on Fund Subscription Amount
The minimum amount of initial subscription and additional subscription of the Fund is RMB 1, and the specific subscription amount is subject to each fund sales agency
Shall prevail.
10、 Subscription and holding limits of fund units
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1. When accepting a certain subscription application or some subscription applications, it may lead to a single investor holding up to
When it reaches or exceeds 50%, or evades 50% concentration ratio in disguised form, the fund manager can adopt proportional confirmation and other methods to invest
The Fund Manager shall have the right to reject all or part of the subscription applications of investors.
2. The single investor of the Fund subscribes no more than 10 million yuan per day (individual investors, public asset management products
Occupational pension and enterprise pension plans). The Fund Manager has the right to adjust the upper limit of a single investor's daily subscription amount to
The relevant announcement of the Fund Manager shall prevail.
3. The Fund Manager has the right to limit the amount or number of shares of the Fund held by a certain type or asset management product
And has the right to reject all or part of its subscription application or confirm the proportion, which shall be determined by the Fund Manager.
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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 management
The Manager may decide to stop the sale of the Fund in accordance with laws, regulations and the Prospectus, and employ a statutory capital verification agency to conduct inspection 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 effect, the number of fund share holders is less than 200 or the fund
Where the net asset value is less than 50 million yuan, the fund manager shall disclose it in the regular report; 50 consecutive working days
In case of the above circumstances, the fund contract shall be terminated without the need to convene a general meeting of fund unit holders.
If laws and regulations or regulatory authorities have other provisions, 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 managed by the fund manager in the fund
Listed in the website or relevant documents. The Fund Manager may change or increase or decrease the sales institutions according to the circumstances. Fund investors should
The sales agency's business premises for fund sales business or other methods provided by the sales agency for subscription of fund units
And redemption. If the fund manager or its designated sales agency opens telephone, fax or online transactions, investors can
Purchase and redemption shall be carried out through the above methods.
2、 Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription of fund units on the open day, but the minimum holding period of each fund unit is 120 days
Prior to the expiration date of the term, the fund unit holders cannot apply for redemption. The expiration date of the shortest holding period and the expiration date of the shortest holding period
After that, the fund share holder may apply for redemption. The specific handling time of the opening day is Shanghai Stock Exchange and Shenzhen Securities
The trading time on the normal trading day of the exchange, but the fund manager shall, according to laws and regulations, the requirements of the CSRC or the fund contract
Except for the announcement of suspension of subscription and redemption under the same provisions. The specific business handling time on the open day is in the prospectus or relevant announcements
As stated in.
After the fund contract takes effect, if there is a new securities/futures trading market, a change in the trading time of the securities/futures exchange, or
Under other special circumstances, the Fund Manager will make corresponding adjustments to the aforesaid opening days and opening hours as appropriate, but on the implementation date
In accordance with the relevant provisions of the Information Disclosure Measures, it was previously announced on the specified media.
2. Start date of subscription and redemption and business handling time
The Fund Manager shall apply for subscription within 3 months from the effective date of the Fund Agreement, and the specific business shall be handled at
It is stipulated in the purchase start announcement.
For each fund unit, only after the expiration date of the shortest holding period and the expiration date of the shortest holding period can the fund unit holder
Apply for redemption of the Fund units. The expiration date of the shortest holding period of dividend reinvestment shares is deemed to be the same as the original shares.
After determining the start time of subscription, the fund manager shall, before the subscription opening day, comply with the relevant provisions of the Information Disclosure Measures
The starting time of subscription shall be announced on the specified media.
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
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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.
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
Calculation;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on that day may be withdrawn within the time specified by the Fund Manager;
4. The registration institution only handles the redemption of the corresponding shares due after the expiration date of the shortest holding period and the expiration date of the shortest holding period.
If the share submitted for redemption exceeds the share due, the registration authority will recognize the part exceeding the share due as failure;
5. Redemption shall follow the principle of "first in, first out", that is, redemption shall be carried out in the order of investors' subscription and subscription;
6. 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 within the specified time, otherwise the submitted subscription application
Please fail. The investor must hold sufficient fund unit balance when submitting the redemption application, otherwise the submitted redemption application will not
Establishment. The investor pays the subscription amount and the subscription is established; The subscription takes effect when the registration authority confirms the fund units. Fund share holdings
If someone submits an application for redemption, the redemption is established; The redemption takes effect when the registration institution confirms the redemption.
After the redemption application takes effect, the Fund Manager will pay the redemption amount within T+7 days (including that day). In case of huge amount
In case of redemption or other circumstances where redemption is suspended or payment of redemption money is postponed as specified in the Fund Contract, the payment method of money shall refer to
Handling of relevant provisions of the fund contract. In case of data transmission delay, communication system failure
The bank data exchange system failure or other factors beyond the control of the fund manager and the fund custodian affect the business process,
Then the time of redemption payment shall be postponed to the next working day when the above factors are eliminated.
3. Confirmation of application for subscription and redemption
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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 shall timely go to the sales outlet counter after T+2 day (including that day) or
Query the confirmation status of the application in other ways. If the subscription is unsuccessful, the subscription amount shall be returned to the investor.
The acceptance of the application for subscription and redemption by the fund sales agency does not necessarily mean that the application is successful, but only means that the sales agency has
Request received. The confirmation of subscription and redemption application shall be subject to the confirmation result of the registration institution or the fund manager. For applied
To confirm the situation, investors should timely inquire and properly exercise their legal rights.
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.
5、 Quantity limit of subscription and redemption
1. The minimum amount of initial subscription and additional subscription of the Fund is 1 yuan, and all sales agencies shall pay the minimum amount of 1 yuan before meeting the above requirements
The minimum amount of initial purchase and additional purchase can be increased according to the actual situation. The specific amount is subject to the announcement of the sales agency
People should follow the relevant regulations of the sales organization. The single redemption application of the Fund shall not be less than one, and the investor shall not be subject to
Under the above restrictions, the fund sales agency may increase the number of single redemption applications according to its own conditions on the premise of meeting the above provisions
The amount limit shall be subject to the announcement of the fund sales agency, and investors shall comply with the relevant provisions of the sales agency;
2. 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
Have the right to set the upper limit of the single investor's subscription amount or the upper limit of the fund's single day net subscription proportion, refuse 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;
3. The Fund does not limit the minimum fund share balance of each transaction account of the investor;
4. The single investor of the Fund's daily subscription amount does not exceed 10 million yuan (individual investors, public asset management products
Occupational annuity and enterprise annuity plans), if the subscription amount of an investor on that day exceeds the subscription amount of that investor on that day
Within the time limit, the Fund Manager may limit the subscription application of the investor by means of proportional confirmation. The Fund Manager has
The right to reject all or part of such subscription applications. The Fund Manager has the right to adjust the upper limit of the single investor's daily subscription amount to
At that time, the relevant announcement of the Fund Manager shall prevail; The Fund Manager has the right to hold the Fund for a certain type or asset management product
Limit the amount or number of shares and have the right to reject all or part of its application for subscription or confirm the proportion, specifically by the fund
The manager shall determine;
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 their uses
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1. Subscription fee of the Fund
For investors who subscribe for Class A fund shares of the Fund, the highest subscription rate of the Fund shall not be higher than 0.4%, and shall be applied at the same time
The purchase amount increases and decreases, as shown in the following table:
Subscription amount of Class A fund units (M) Subscription rate
M ＜ 1 million yuan 0.4%
1 million yuan ≤ M ＜ 5 million yuan 0.2%
M ≥ 5 million yuan 1000 yuan per transaction
The subscription rate of Class C fund units of the Fund is zero.
In case of repeated subscription, the investor shall charge separately according to the corresponding rate grade of each subscription.
Sales agencies can implement preferential policies for subscription fees with reference to the above standards. The subscription fee shall be borne by the investor and shall not be included in the fund property
The fund is mainly used for the fund's marketing, sales, registration and other expenses.
2. Redemption fee of the Fund
The Fund unit holders may apply for redemption on or after the expiration date of the shortest holding period of the Fund, and no redemption fee will be charged.
The holding period of dividend reinvestment shares is deemed to be the same as the original shares.
3. The Fund Manager may adjust the rate or charging method according to relevant laws and regulations or within the scope agreed in the Fund Contract,
And shall publish on the specified media in accordance with the relevant provisions of the Information Disclosure Measures at the latest before the implementation date of the new rate or charging method
Notice.
4. The Fund Manager and other fund sales institutions may, without violating the provisions of laws and regulations and the Fund Contract
Under the circumstance that the interests of fund share holders are not affected, a certain discount is given to the fund sales expenses
The relevant rules and procedures are detailed in the relevant announcements or notices issued by the fund manager or other fund sales institutions at that time. fund management
People can carry out preferential rate activities for specific investors (such as pension customers), which will be announced in advance.
7、 Calculation of subscription units and redemption amount
1. The calculation method of fund subscription units is as follows:
(1) Applicable to proportional rate
The subscription amount of Class A fund units of the Fund includes subscription fees and net subscription amount. The calculation formula of 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
(2) Applicable to fixed expenses
Net subscription amount=subscription amount - fixed subscription fee
Subscription units=net subscription amount/net value of such fund units on the date of subscription
For example: an investor invests 100000 yuan to subscribe for Class A fund shares of the Fund, the corresponding subscription rate is 0.4%, assuming that the subscription
If the net value of Class A fund units on that day is 1.0170 yuan, the subscription units available to them are:
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Net subscription amount=100000/(1+0.4%)=99601.59 yuan
Subscription fee=100000 － 99601.59=398.41 yuan
Subscription shares=99601.59/1.0170=97936.67
The subscription rate of Class C fund units is 0, and the calculation formula of subscription units is:
Subscription units=subscription amount/net value of such fund units on the date of subscription
For example: an investor invests 100000 yuan to subscribe for Class C fund units of the Fund, assuming the net value of Class C fund units on the day of subscription
1.0170 yuan. Then the subscription shares available to them are:
Subscription shares=100000/1.0170=98328.42
2. Calculation of Fund Redemption Amount
The formula for calculating the redemption amount in the Fund is:
Redemption expenses=Redemption units × Net value of such fund units on the redemption date × Redemption rate
Redemption amount=Redemption unit x Net value of such fund unit on the redemption date redemption fee
For example, an investor redeems 100000 fund units of the Fund held by him on and after the expiration date of the shortest holding period
The fee is 0. Assuming that the net value of fund units on the redemption day is 1.0170 yuan, the redemption amount available is:
Redemption fee=0 yuan
Redemption amount=100000 × 1.0170 － 0=101700.00 yuan
3. Calculation of net value of fund units
The calculation of the net value of various fund units of the Fund shall be kept to 4 decimal places, and the fifth decimal place shall be rounded off
The profits or losses arising therefrom shall be borne by the fund property. The net value of fund units on T day shall be calculated after the close of the day, and on T+1 day
Internal disclosure. In case of special circumstances, the calculation or announcement may be delayed appropriately after performing appropriate procedures.
4. Processing method of subscription share and balance
The effective subscription unit is the net value of the fund unit on the current day after deducting the corresponding fees according to the actually confirmed subscription amount
Benchmark calculation. The calculation result of the share and amount involved in the subscription shall be reserved to two decimal places, and the part after two decimal places
Round off, and the resulting gains or losses shall be borne by the fund property.
5. Disposal method of redemption amount
The redemption amount is calculated based on the actual recognized effective redemption units and the net value of fund units on the current day and deducted accordingly
The calculation result shall be reserved to two decimal places, and the part after two decimal places shall be rounded off
The profits or losses shall be borne by the fund property.
6. In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt the swing pricing mechanism to ensure
The fairness of fund valuation, specific handling principles and operating specifications comply with relevant laws and regulations, as well as regulatory authorities and self regulatory rules
regulations.
8、 Registration of subscription and redemption
After the investor successfully subscribes to the fund, the fund registration institution shall register the rights and interests of the investor and go through the registration procedures on T+1.
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After the investor successfully redeems the fund, the fund registration institution shall handle the registration procedures for the deduction of equity for the investor on T+1.
The registration authority may, within the scope permitted by laws and regulations, adjust the above registration processing time, but shall not materially affect
It shall affect the legitimate rights and interests of investors, and shall be announced in the specified media in accordance with the relevant provisions of the Information Disclosure Measures at the latest before implementation.
9、 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. In case of suspension of fund asset valuation as stipulated in the fund contract, the fund manager may suspend accepting the investor's application
Purchase application.
3. The trading time of the securities/futures exchange is abnormally closed, which causes the fund manager to be unable to calculate the net asset value of the fund on that day.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. 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.
6. 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 accepting the application for fund subscription.
7. 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.
8. If a new subscription application is confirmed to be successful, the total size of the Fund will exceed the total size of the Fund specified by the Fund Manager
At the upper limit of scale; Or the cumulative shares held by the investor exceed the upper limit of the cumulative shares held by a single investor; Or the investment
Where the amount of subscription on that day exceeds the upper limit of the amount of subscription of a single investor on that day.
9. The Fund Manager, Fund Custodian, Fund Sales Agency or Registration Agency causes the Fund
The gold sales system, the fund registration system, the fund accounting system or the securities registration and clearing system cannot operate normally.
10. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to suspend the acceptance of investment in case of any of the above circumstances of suspension of subscription in Items 1, 2, 3, 5, 6, 9 and 10
When investors apply for subscription, the fund manager shall publish a notice of suspension of subscription on the prescribed media in accordance with relevant regulations. When it happens
In the case of Item 7 and 8, the Fund Manager may restrict the subscription application of the investor by means of proportional confirmation, etc,
The Fund Manager shall have the right to reject all or part of such application for subscription. If the investor's application for subscription is rejected
The subscription amount will be returned to the investor. When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner
Li.
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10、 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. In case of suspension of the valuation of fund assets as stipulated in the fund contract, the fund manager may suspend accepting the redemption of investors
Return the application or postpone the payment of redemption money.
3. The trading time of the securities/futures exchange is abnormally closed, which causes the fund manager to be unable to calculate the net asset value of the fund on that day.
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, the Fund Manager may temporarily
Stop accepting redemption applications of fund unit holders.
6. 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 payment of redemption funds or the acceptance of fund redemption applications.
7. Other circumstances specified by laws and regulations or recognized by the CSRC.
Under any of the above circumstances, the Fund Manager decides to suspend accepting the redemption application of the Fund Unitholders or postpone the payment
When redeeming the money, the Fund Manager shall report to the CSRC for filing in a timely manner, and the Fund Manager shall pay the full amount of the confirmed redemption application
Payment; If the payment cannot be made in full for the time being, the payable part shall be allocated to the redemption according to the proportion of the application amount of a single account in the total application amount
Return to the applicant, and the unpaid part can be postponed. In case of any of the circumstances mentioned in Item 4 above, it shall be handled according to the relevant provisions of the fund contract
Li. When applying for redemption, fund share holders may choose to cancel the part that may not be accepted on that day in advance. In the suspension of redemption
When the situation of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner and make an announcement.
11、 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 the open 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 the investor, it shall be redeemed as normal
Program execution.
(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
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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 shall be calculated on the basis of the net value of the fund units on the next open day without priority, and so on, until the total redemption is
End. If the investor does not make a clear choice when submitting the redemption application, the part that the investor fails to redeem will be automatically postponed for redemption.
(3) If the number of fund units redeemed by a single fund unit holder on a single open day exceeds the number of fund units redeemed on the previous open day
30% of the total fund units, the Fund Manager may postpone the redemption application of the individual fund unit holder.
If the Fund Manager postpones the application for redemption of more than 30% of the total fund shares, the deferred redemption application
Please process it together with the redemption application on the next open day. Redemption without priority is calculated based on the net value of fund units on the next open day
The amount of redemption, and so on, until all redemption; If the fund manager only accepts 30% of its total fund shares as the
The Fund Manager can apply for the redemption with the effective redemption date of the day according to the above agreement of "(1) full redemption" or "(2) partial deferred redemption"
The effective redemption application for this part shall be handled together with the redemption application of other fund unit holders in a fixed way. Fund share holders
When applying for redemption, you can choose to cancel the part that may not be accepted on that day in advance; If the deferred part is cancelled,
Some redemption applications not accepted on that day will be cancelled. If the investor does not make a clear choice when submitting the redemption application, the investor
The part that fails to be redeemed will be automatically postponed for redemption.
(4) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), if the fund manager believes that there is
If necessary, it may suspend accepting the redemption application of the Fund; The accepted redemption application may postpone the payment of redemption money, but shall not exceed
After 20 working days, an announcement shall be made on the specified media.
3. Announcement of massive redemption
In the event of the above-mentioned massive redemption and the postponement of the transaction, the Fund Manager shall mail, fax or other means (including
But not limited to SMS, email, announcement or notification by the fund sales agency) within 3 trading days
The amount holder shall explain the relevant handling methods and publish an announcement on the specified media within two days.
12、 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. The Fund Manager may, according to the time of suspension of subscription or redemption,
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Publish the announcement of reopening subscription or redemption on the specified media at the latest on 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.
13、 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 managed fund units, a certain conversion fee can be charged for fund conversion, and the relevant rules are managed by the fund
The Manager shall then formulate and announce in accordance with the relevant laws and regulations and the provisions of the Fund Agreement, and notify the Fund Custodian and relevant authorities in advance
Structure.
14、 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.
15、 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.
16、 Fixed investment plan
The Fund Manager may handle fixed investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager. Investor in process
The deduction amount of each period can be agreed upon by the Fund Manager when deciding the investment plan, and the deduction amount of each period must not be less than that in the relevant announcement or
The minimum subscription amount of the fixed investment plan specified in the updated prospectus.
17、 Freezing and unfreezing of fund shares
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
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It can be frozen and unfrozen under other circumstances in compliance with laws and regulations. The freezing procedures and methods of fund units shall be subject to the registration machine
Relevant regulations of the organization. If the fund shares are frozen, the rights and interests generated by the frozen part shall comply with the laws, regulations and supervision rules of China
Chapter, the requirements of the competent authorities of the state and the business regulations of the registration agency.
18、 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 will be made at a trading place recognized by the CSRC or by other means, and the registration authority will handle the transfer of fund shares
Household registration. If the Fund Manager intends to accept the transfer of fund units, it will make an announcement in advance
The business rules announced by the manager handle the transfer of fund units.
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
Regulations or relevant announcements.
20、 Other business
Under the conditions permitted by relevant laws and regulations, the fund registration authority may accept the pledge of fund shares according to its business rules
Business, and charge a certain handling fee.
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Part IX Investment of the Fund
1、 Investment objectives
The Fund strives to obtain long-term and stable investment returns on the premise of strict risk control.
2、 Investment scope
The investment scope of the Fund includes bonds (including national bonds, central bank bills, financial bonds
Corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds, government agency bonds
Local government bonds and other bonds allowed to be invested by the CSRC), asset-backed securities, bond repurchase, bank deposits
(including negotiated deposits, time deposits, etc.), inter-bank deposit receipts, money market instruments, treasury bond futures, credit derivatives
Other financial instruments that the CSRC allows the fund to invest in, provided that they comply with the relevant provisions of the CSRC. The Fund does not invest
Stocks, convertible bonds, exchangeable bonds.
The proportion of the Fund's investment portfolio is: the proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets; Each hand in
At the end of the trading day, after deducting the trading margin required to be paid for treasury bond futures contracts, the cash retained by the Fund or the maturity date is less than
The total proportion of government bonds within the fund shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits and guarantees
Securities and subscription receivables, etc.
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
So as to bring it into the investment scope, and can adjust the investment scope in a timely and reasonable manner according to the then effective laws and regulations. Such as laws and regulations
Or the regulatory authority changes the proportion limit of the above investment varieties, after performing appropriate procedures, the changed proportion shall prevail
The investment proportion of Jin will be adjusted accordingly.
3、 Investment strategy
The Fund will adopt a top-down investment strategy to reasonably allocate various investment instruments. Match between risk and return
On the other hand, strive to reduce credit risk, and strive to gain for investors on the basis of good control of interest rate risk and market risk
Stable income.
1. Credit bond investment strategy
The Fund will invest in credit bonds to improve portfolio profitability. Credit bonds relative to central bank bills, treasury bonds and other interest rate products
The credit spread of is the source of higher investment income for the Fund, which will be based on the internal credit rating of the South Fund
Under the framework of internal credit risk control, actively invest in credit bonds and strive to obtain high investment returns brought by credit spreads.
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In terms of credit bond investment, the Fund invests in credit bonds (including asset backed bonds) with a credit rating of AA+or above
Securities, the same below), in which the investment proportion of credit bonds with a credit rating of AAA or above is not less than all credit bonds
50% of assets; The investment proportion of credit bonds with a credit rating of AA+is no more than 50% of all credit bond assets.
During the period when the fund holds credit bonds, if the credit rating of the fund declines and the fund no longer meets the above criteria, the fund manager shall report
It shall be adjusted to meet the agreement within 3 months from the date of announcement; The credit rating of the credit bonds invested by the Fund shall be issued according to the rating agency
If there is a debt credit rating, the credit rating of the credit bonds without a debt credit rating shall be in accordance with the credit rating issued by the rating agency
Subject credit rating. The Fund will comprehensively refer to the letter issued by the domestic legally established rating agency with securities rating qualification
The credit rating shall mainly refer to the credit rating of the latest fiscal year. In case of letters issued by several rating agencies
In case of different ratings, the fund manager shall also make independent judgment and determination in combination with its own internal credit rating.
2. Yield curve strategy
The change in the shape of the yield curve represents the difference in the yield of long-term, medium and short-term bonds
The difference is large when the rate curve changes. By analyzing the yield curve shape and term structure changes of the same category of subordinates,
First, we can determine the target duration allocation area of the bond portfolio and decide to adopt bullet strategy, dumbbell strategy or trapezoidal strategy;
Secondly, by comparing the current and historical interest spreads of bonds between different maturities, we can conduct steepening, declination and convexity changes
Transactions.
3. Amplification strategy
The amplification operation is to integrate low-cost capital by means of buyout repo, pledge repo, etc. based on the combination of existing bonds
And purchase bonds with relatively long remaining years and high yields in order to obtain excess returns.
4. Investment strategy of treasury bond futures
When the Fund invests in treasury bond futures, it will adopt the risk management principle and take hedging as the main purpose
The futures contract with good mobility and active trading, through the research on the operating trend of bond market and futures market, combined with treasury bond futures
The pricing model of
Perform hedging operations. The Fund Manager will fully consider the profitability, liquidity and risk characteristics of treasury bond futures, and apply
Treasury bond futures hedge systemic risk and liquidity risk under special circumstances, such as large amount purchase and redemption; Use financial derivatives
The leverage of raw products to reduce the overall risk of the portfolio.
5. Credit derivatives investment strategy
The Fund will invest in credit derivatives in accordance with the principle of risk management and for the purpose of risk hedging
Conduct in-depth research and analysis on the overall operation trend of the market, the operation and financial situation of the subject of credit derivatives
Use the derivatives pricing model to reasonably determine the investment amount and duration of credit derivatives. The fund manager will fully consider the trust
Use risk management of derivatives counterparties and founding institutions to reasonably disperse the concentration of counterparties and founding institutions
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Conduct necessary due diligence and strict access control on the financial status, solvency and leverage level of counterparties and founding institutions
Li.
In the future, with the development of the securities market, the enrichment of financial instruments and the innovation of trading methods, the Fund will also actively seek
Other investment opportunities, such as laws and regulations or regulatory authorities allowing the Fund to invest in other varieties in the future, the Fund will
After that, it will be included in the investment scope to enrich the portfolio investment strategy.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's investment in bond assets shall not be less than 80% of the Fund's assets;
(2) At the end of each trading day, after deducting the trading deposits required to be paid for treasury bond futures contracts, the Fund shall maintain a balance of
Cash less than 5% of the net asset value of the fund or government bonds with a maturity of less than one year, of which cash does not include provisions for settlement
Cash, deposits and subscription receivables;
(3) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(4) All funds under the management of the Fund Manager hold no more than 10% of the securities issued by a company,
The fund varieties that invest in securities in full accordance with the composition proportion of the relevant index may not be subject to the proportion limit specified in this article;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed the net assets of the Fund
10% of the value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed that of such asset-backed securities
10% of the securities scale;
(8) All funds managed by the Fund Manager shall not invest in various asset-backed securities of the same original equity holder
More than 10% of the total size of its various types of asset-backed securities;
(9) 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 is limited, the Fund Manager shall not actively increase the investment of liquidity restricted assets;
(10) The Fund, private equity securities asset management products and other entities 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;
(11) At the end of any trading day, the value of treasury bond futures contracts held shall not exceed 15% of the net asset value of the fund;
At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed 30% of the total market value of bonds held by the Fund;
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Market value of bonds held by the Fund (excluding government bonds with a maturity of less than one year) and treasury bond futures contracts
The total value (offset calculation) shall comply with the relevant provisions of the fund contract on the proportion of bond investment; Within any trading day
The trading amount of treasury bond futures contracts traded (excluding closing positions) shall not exceed 30% of the net asset value of the fund on the previous trading day;
(12) The Fund does not hold credit derivatives with the attribute of credit protection seller. The name of credit derivatives held by the Fund
The principal shall not exceed 100% of the face value of the corresponding protected bonds in the Fund; Due to fluctuations in securities/futures markets, securities issuance
In the event that the fund does not meet the aforesaid proportion limit due to factors other than the fund manager, such as merger and fund size change
The fund manager shall make adjustment within 3 months;
(13) The total principal of all kinds of credit derivatives invested by the Fund in the same credit protection seller shall not exceed the fund assets
10% of net worth; Due to fluctuations in the securities/futures market, mergers of securities issuers, changes in fund size and other fund managers
In the event that the Fund does not comply with the aforesaid proportion limit due to factors, the Fund Manager shall make adjustment within three months;
(14) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(15) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Unless otherwise agreed in (2), (9), (10), (12) and (13) above
The fund investment proportion does not meet the above requirements due to factors other than the fund manager, such as the merger of the securities issuer and the change of fund size
The fund manager shall adjust the capital ratio within 10 trading days, except for special circumstances stipulated by the CSRC.
Where laws and regulations provide otherwise, 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.
If laws and regulations or regulatory authorities change the above portfolio proportion limit, the changed provisions shall prevail.
The above restrictions are cancelled by laws and regulations or regulatory authorities. If they are applicable to the Fund, the Fund Manager shall, after performing appropriate procedures
Fund investment is no longer subject to relevant restrictions.
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;
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(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 the above restrictions, and if applicable to the Fund, the Fund Manager shall
After the procedure, the Fund's investment will no longer be subject to relevant restrictions.
5、 Performance Benchmark
China Bond composite index yield × 90%+bank demand deposit interest rate (after tax) × 10%
The proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets, so the "yield of China Bond Composite Index ×
90%+bank demand deposit interest rate (after tax) × 10% "as the performance benchmark of the Fund can enable the investors of the Fund to
Judge 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
Or when there is an index more suitable for the performance benchmark of the Fund in the market, the Fund can be placed in custody with the Fund
After performing appropriate procedures according to the requirements of the regulatory authorities, the performance benchmark will be changed and announced in a timely manner,
There is no need to convene a general meeting of fund share holders. If the index referenced by the Fund's performance benchmark will not be released in the future,
The Fund Manager may, after fulfilling relevant procedures as required by the relevant regulatory authorities
In principle, select similar or alternative indexes as the reference index of performance benchmark without holding fund shares
General meeting of people.
6、 Risk return characteristics
The Fund is a bond fund. Generally speaking, its long-term average risk and expected yield are theoretically lower than those of equity funds
Hybrid funds, higher than money market funds.
7、 Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with relevant national regulations and protect the Fund shares
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The interests of the holder;
2. Do not seek to control the 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 fund contracts.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions, performance benchmarks
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 provisions 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 the value of various securities and bills purchased, the principal and interest of bank deposits, and the fund subscription funds receivable by the fund
And the total value of other investments.
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
As for legal liability, its creditors shall not exercise the right to request freezing, seizure or other rights against the assets of the Fund. In addition to laws, regulations and
Except for the disposal specified in the Fund Contract, the Fund property may not be disposed of.
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
Bonds, bank deposit principal and interest, accounts receivable, treasury bond futures, asset-backed securities, credit derivatives
Other investment and other assets and liabilities.
3、 Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with 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 measurement of the asset or liability without adjustment.
If there is no quotation on the valuation date and no major event affecting the measurement of fair value occurs after the latest trading day
The quoted price determines the fair value. If 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 quotation 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
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Value.
4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) The securities listed on the stock exchange shall be valued at the market price (closing price) listed on the stock exchange on the valuation date;
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 affected the securities
In case of major price events, the market price (closing price) of the most recent trading day shall be used for valuation; For example, the economic environment occurred after the recent trading day
In case of major changes or major events affecting the securities price of the securities issuer, the current market price of similar investment varieties can be referred to
And major change factors, 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 fair value of the securities listed on the Exchange without an active market 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;
(5) 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. For the initial public offering of unlisted bonds, valuation techniques shall be used to determine the fair value.
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. For the types of fixed income with rights in the inter-bank market
The only estimated net price or the recommended estimated net price on the current day. For the fixed income variety including the investor's right to put back
If the resale right is exercised, the corresponding varieties provided by the third-party valuation benchmark service agency shall be selected between the resale registration date and the actual collection date
The only valuation price or recommended valuation price of, if the right to sell back is not exercised after the deadline (including the date) of the registration of the sale, it will be paid for a long time
The corresponding price of the period is estimated.
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. The fund invests in the interbank deposit receipt and is valued at the net valuation price provided by the third-party valuation institution on the valuation date.
6. The Fund's investment in treasury bond futures contracts is valued at the settlement price on the valuation day. If there is no settlement price on the valuation day, and
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.
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7. Valuation of credit derivatives
The fund manager may entrust the valuation benchmark service agency introduced by the China Securities Investment Fund Association to provide valuation services,
The valuation responsibility that the Fund Manager should bear according to law is not exempted by the entrustment. Fund managers and valuation benchmark service agencies can
Individualize the service scope and mode of valuation services in combination with the design of credit derivatives terms, data openness and other factors
Chemical conventions. The valuation method for credit derivatives is as follows:
(1) The fair value of voucher credit derivatives traded on the stock exchange or inter-bank market shall be determined according to the following principles
Value:
If there is an active market, the unadjusted quotation in the active market shall be taken as the fair value on the measurement date;
If the quotation in the active market fails to represent the fair value on the measurement date, the market quotation shall be adjusted to confirm the measurement
The fair value on the date; If there is no market activity or there is little market activity, valuation techniques should be used to determine the public interest rate
Allowable value.
(2) Contract credit derivatives for unlisted transactions in the stock exchange or inter-bank market, and valuation benchmark service machine
If no valuation price is provided, the fair value shall be determined by valuation techniques.
8. In case of large amount purchase or redemption of the Fund, the Fund Manager can adopt the swing pricing mechanism to ensure that
Fairness of gold valuation.
9. If there is conclusive evidence that the original method of valuation cannot objectively reflect the fair value of the above assets or liabilities,
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, conduct valuation by the method that best reflects the fair value.
10. If there are other provisions in relevant laws and regulations, regulatory authorities and self-discipline rules, those provisions shall prevail. If there are new items, press
The latest national regulations on 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 a certain class of fund units is divided by the net asset value of the class of fund divided by the class after the market is closed on each valuation date
The balance of fund units on the current day shall be calculated to the nearest 0.0001 yuan, and the fifth digit after the decimal point shall be rounded off. Fund manager
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An emergency adjustment mechanism for net worth accuracy in the case of large redemption can be established. If the state has other provisions, such provisions shall prevail.
If the subscription or redemption of investors is confirmed according to the net value of the units with the above reserved digits, the net value of fund units may be caused
If the value fluctuates sharply, in order to protect the interests of fund share holders, the Fund Manager and the Fund Custodian can
Increase the number of reserved digits of the net value of fund units and confirm it accordingly, and recover it after confirmation. The specific number of reserved digits
The announcement at that time shall prevail.
The Fund Manager shall calculate the net value of the Fund assets and the net value of the Fund units of all types of Fund units on each valuation date, and
disclosure.
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 Contract
Except when the valuation is suspended in accordance with. After the fund manager evaluates the fund assets on each valuation date, the fund manager will
The results of net value of units shall be sent to the Fund Custodian, and after being reviewed by the Fund Custodian as correct, the Fund Manager shall publish them 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.
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. For errors caused by technical reasons, if the existing technical level of the same industry is not
If it is foreseeable, unavoidable or insurmountable, it shall be regarded as force majeure and shall be executed in accordance with the following provisions.
The investor's transaction information is lost or wrongly handled or other errors are caused due to force majeure
The party who has made an error due to force shall not be liable for compensation to other parties, but the party who has benefited improperly due to the error
It still has the obligation to return the unjust enrichment.
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
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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.
(2) When the error deviation reaches 0.25% of the net value of fund units, the Fund Manager shall notify the Fund Custodian and report
CSRC filing; When the error deviation reaches 0.5% of the net value of fund units, the fund manager shall make an announcement and report it to the China Securities Regulatory Commission
Recorded by the Regulatory Commission.
(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.
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7、 Suspension of valuation
1. When the securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons;
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 is responsible for calculating the net asset value of the fund and the net asset value of the fund units of various fund units, and the fund custodian is responsible for
Responsible for review. The Fund Manager shall calculate the net asset value of the Fund and the shares of various funds on each valuation day after the end of the transaction
The net value of the fund units and send it to the fund custodian. The fund custodian shall review and confirm the net value calculation result and send it to the fund
The Fund Manager shall publish the net value of the Fund.
9、 Handling of special cases
1. When the Fund Manager or the Fund Custodian conducts the valuation according to Item 9 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 securities/futures exchanges, registration and clearing companies, deposit banks and other third-party machines
The data sent by the company is wrong, or the national accounting policy changes, market rules changes and other non fund managers and fund custodians
Cause: Although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they failed to issue
The Fund Manager and the Fund Custodian shall be exempted from the liability for compensation for the error in the valuation of the Fund assets caused by the current error. But the fund
The Manager and the Fund Custodian shall actively take necessary measures to mitigate or eliminate the impact caused thereby.
10、 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 the net value of the side pocket account shares.
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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 scheme is detailed in the announcement issued by the fund manager at that time. If the Fund Contract takes effect less than three months ago, it may not be collected
Benefit distribution;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash dividends or
The cash dividends are automatically transferred to the fund units of the same category for reinvestment; If the investor does not choose, the default income share of the Fund
The distribution method is cash dividend; Dividend reinvestment shares obtained from fund units (original units) held by fund unit holders
The expiration date of the shortest holding period of is deemed to be the same as the original share;
3. After the distribution of fund income, the net value of fund units cannot be lower than the par value; That is, the net amount of fund shares on the base date of fund income distribution
The value less the income distribution amount of each unit fund unit cannot be lower than the face value;
4. Since Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales service fees
The distributable profits corresponding to the fund share category will be different. Unless otherwise stipulated by laws and regulations or otherwise stipulated in the Fund Contract
In addition, each fund unit of the same category of the Fund shall enjoy the same distribution right;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
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
Distribution time, distribution amount and proportion, distribution method, etc.
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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, and the intermediary company shall be specified within 2 days
Notice.
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 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 bonus of someone will be automatically transferred to the same type of 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
Provisions 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 fees withdrawn from the fund assets of Class C fund units;
4. Information disclosure fees related to the Fund after the Fund Contract takes effect;
5. Accounting fees, attorney fees, audit fees, notarial fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect
Fees;
6. Expenses for the general meeting of fund share holders;
7. Securities/futures/credit derivatives transaction costs of the Fund;
8. Bank transfer fees of the Fund;
9. Fund related account opening and maintenance costs;
10. 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 0.20% of the net asset value of the Fund on the previous day. The management fee is calculated as follows:
H ＝ E × 0.20% ÷ days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
Fund management fees are accrued daily and paid monthly. The Fund Custodian shall, based on the financial data consistent with the Fund Manager,
The payment will be automatically made according to the specified account path within 5 working days at the beginning of the next month. In case of legal holidays, rest days, etc
The date of payment shall be postponed. After the expenses are automatically deducted, the Fund Manager shall check them and contact the Fund in a timely manner in case of any discrepancy
Settled by the custodian through negotiation.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.05% of the net asset value of the Fund on the previous day. The custody fee is calculated as follows:
H ＝ E × 0.05% ÷ 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 and paid monthly. The Fund Custodian shall, based on the financial data consistent with the Fund Manager,
The payment will be automatically made according to the specified account path within 5 working days at the beginning of the next month. In case of legal holidays, rest days, etc
The date of payment shall be postponed. After the expenses are automatically deducted, the Fund Manager shall check them and contact the Fund in a timely manner in case of any discrepancy
Settled by the custodian through negotiation.
3. Fund sales service fees withdrawn from fund assets of Class C fund units
Class A fund units of the Fund do not charge fund sales service fees. The fund sales service fee for Class C fund units is based on the previous day
The annual fee rate of 0.20% of the net asset value of Class C fund units is accrued.
The calculation formula for the provision of sales service fees is as follows:
H ＝ E × 0.20% ÷ days of the year
H is the fund sales service fee that should be accrued for such fund units every day
E is the net asset value of such fund units on the previous day
The sales service fee is accrued daily and paid monthly. The Fund Custodian shall, based on the financial data consistent with the Fund Manager,
The payment will be automatically made according to the specified account path within 5 working days at the beginning of the next month. In case of legal holidays, rest days, etc
The date of payment shall be postponed. After the expenses are automatically deducted, the Fund Manager shall check them and contact the Fund in a timely manner in case of any discrepancy
Settled by the custodian through negotiation.
Items 4-10 of the above "I. Types of fund expenses" shall be paid according to 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
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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".
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 principles: 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 implement the relevant national accounting system;
5. The Fund establishes accounts and accounts independently;
6. The Fund Manager and the Fund Custodian shall respectively keep complete accounting accounts and vouchers and conduct daily accounting,
Prepare the fund accounting statements in accordance with relevant regulations;
7. The Fund Custodian shall check with the Fund Manager on the accounting and statement preparation of the Fund every month and submit them in writing
Type confirmation.
2、 Annual audit of the Fund
1. The Fund Manager hires an accountant that is independent of the Fund Manager and the Fund Custodian and complies with the Securities Law
Certified public accountants and their certified public accountants shall audit the annual financial statements of the Fund.
2. An accounting firm shall obtain the prior consent of the fund manager to change its certified public accountant.
3. The Fund Manager shall notify the Fund Custodian if it believes that there is sufficient reason to change the accounting firm. Replacement of accounting firm
The media announcement shall be made within 2 days as required.
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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 required by the CSRC (hereinafter referred to as "regulated newspapers and periodicals") and the mutual exchange of information disclosure measures
Internet websites (hereinafter referred to as "regulated websites") and other media, and ensure that fund investors can
Consult or copy publicly disclosed information at the agreed time and in the agreed manner.
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, Fund Contract, Fund Custody Agreement, Fund Product Information Summary
1. The Fund Contract defines the rights and obligations of the parties to the Fund Contract 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, fund product characteristics, risk disclosure, information disclosure and fund share holder services
Services, etc. After the Fund Contract takes effect, if the information in the Prospectus of the Fund changes significantly, the Fund Manager shall
Update the Prospectus of the Fund and publish it on the specified website within three working days; Occurrence of other information in the fund prospectus
In case of any change, 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.
The Fund discloses the trading of treasury bond futures in the Prospectus (update) and other documents, including investment policies and positions
Status, profit and loss, risk indicators, etc., and fully reveal the impact of treasury bond futures trading on the overall risk of the fund and whether it meets
Established investment policies and objectives.
The Fund shall disclose the investment of credit derivatives in details in the Prospectus (update) and other documents, including investment
Strategies, positions, etc., and fully reveal the impact of investment in credit derivatives on the overall risk of the fund and whether it conforms to the established
Investment objectives and strategies.
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 product information summary is the summary document of the fund prospectus, which is used to provide investors with a concise fund overview
Want information. After the Fund Contract comes into force, if the information in the summary of fund product information changes significantly, the Fund Manager shall
Within three working days, update the summary of fund product information and publish it on the specified website and the website or business website of the fund sales agency
Point; 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. Fund termination
The fund manager will no longer update the fund product information summary. The text of the fund product information summary shall include the product overview
Fund investment and net value performance, fees involved in investing in the Fund, risk disclosure and important tips, etc
The relevant contents of the disclosure shall not be materially different from the fund contract and the prospectus. The Fund Manager will, in accordance with the Information
The requirements for the preparation, disclosure and update of the summary of fund product information specified in the Disclosure Measures, the Fund Contract and the Fund Prospectus shall be implemented
that 's ok.
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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 offering announcement, the indicative announcement of the fund prospectus and the indicative announcement of the fund contract are published in the specified newspapers and periodicals, and
The amount offering announcement, fund prospectus, fund product information summary, fund contract and fund custody agreement are published on the regulated website
And publish the summary of fund product information on the website or business outlet of the fund sales agency; The Fund Custodian shall simultaneously
The Fund Contract and the Fund Custody Agreement are published on the website.
（2） Fund Unit Offering Announcement
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, and disclose the prospectus
The book is published on the specified media on the same day.
（3） Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall publish the Fund Contract on the specified media on the next day after receiving the confirmation document from the CSRC
Notice.
（4） Net fund value information
After the Fund Contract comes into force, the Fund Manager shall, at least weekly
Disclose the net value of each fund unit and the cumulative net value of each fund unit 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 and basic value of various fund units on the open day through the specified website, fund sales agency website or business outlet
Accumulated net value of gold shares.
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.
（5） 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
Click to view or copy the above information.
（6） 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, within 15 working days from the end of the quarter, complete the quarterly report of the Fund and submit the quarterly report
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The notice shall be published on the specified website, and the suggestive notice of the quarterly report shall be published on the specified newspaper.
The Fund Manager may not prepare the current quarterly report, interim report or
Annual report.
The Fund discloses the trading of treasury bond futures in quarterly reports, interim reports, annual reports and other regular reports,
Including investment policies, positions, profits and losses, risk indicators, etc., and fully revealing the overall risk of treasury bond futures trading on the fund
The impact of insurance and whether it conforms to the established investment policies and investment objectives.
The Fund shall disclose the total amount of asset-backed securities held by it and the market value of asset-backed securities in the Fund's quarterly report
The proportion of net assets and the details of the top 10 asset-backed securities ranked by the market value in the proportion of the fund's net assets at the end of the reporting period.
The Fund shall disclose the total amount of asset-backed securities held by it and the market value of asset-backed securities in its annual report and interim report
The proportion in the net assets of the Fund and the details of all asset-backed securities during the reporting period.
The Fund shall disclose credit derivatives in details in quarterly reports, interim reports, annual reports and other regular reports
Investment, including investment strategy, position, etc., and fully reveal the impact of investment in credit derivatives on the overall risk of the fund
Response and compliance with established investment objectives and strategies.
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.
（7） Interim report
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;
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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 fund manager's senior management, fund manager and the head of the fund custodian's special fund custody department
Change;
10. If the directors of the Fund Manager have changed more than 50% in the last 12 months, the Fund Manager and the Fund Custody
The main business personnel of the special fund custody department have changed by more than 30% in the last 12 months;
11. Litigation or arbitration involving fund management business, fund property and fund custody business;
12. 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;
13. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders and actual controllers
Or securities issued by a company that has a major interest with it, or securities underwritten during the underwriting period, or other major issues
Joint transactions, unless otherwise stipulated by the CSRC;
14. Fund income distribution matters;
15. Accrual standards, methods and fees for management fees, custody fees, sales service fees, subscription fees, redemption fees, etc
Rate changes;
16. The valuation error of the net value of fund units reaches 0.5% of the net value of fund units;
17. The Fund begins to handle subscription and redemption;
18. The Fund is redeemed in large amount and postponed;
19. The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
20. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
21. Major events involving adjustment of fund subscription and redemption events or potential impact on investors' redemption occur;
22. The Fund Manager adopts the swing pricing mechanism for valuation;
23. Adjust the setting of fund share categories;
24. The Fund launches new businesses or services;
25. After the fund contract comes into effect, the number of fund share holders is less than 200 for 30, 40 and 45 consecutive working days
Or when the net asset value of the fund is less than 50 million yuan;
26. 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 stipulated by the CSRC and the fund contract.
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（8） 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.
（9） Liquidation report
If the Fund Contract is terminated, the Fund Manager shall organize a Fund Assets Liquidation Team to liquidate and clear the Fund assets
Calculation report. The Fund Assets Liquidation Team shall publish the liquidation report on the specified website and publish the suggestive announcement of the liquidation report
Published in the required newspaper.
（10） 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.
（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 provisions 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 value of fund assets, net value of fund units of various fund units, purchase and redemption price of fund units
Regular reports, updated prospectus, fund product information summary, fund liquidation report and other relevant fund information shall be reviewed
Review and make written or electronic confirmation to the fund manager.
The Fund Manager and the Fund Custodian shall select the newspapers to disclose information among the prescribed newspapers. Fund manager, fund trust
The custodian shall submit the fund information to be disclosed to the fund electronic disclosure website of the CSRC and ensure the authenticity of the relevant information submitted
Real, accurate, complete and timely.
The Fund Manager and the Fund Custodian may, in addition to disclosing information on the prescribed media according to law, also disclose information in other public places as required
The media shall disclose information, but other public media shall not disclose information earlier than the specified media, and disclose the same information on different media
The content of the information should be consistent.
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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, relevant files shall be kept for at least the minimum period of time specified by laws and regulations 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 in their respective residences for public reference and reproduction.
8、 Suspension or delay of relevant information disclosure
1. When the securities/futures exchange involved in the fund investment is suspended on statutory holidays or for other reasons;
2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure or other circumstances;
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 valuation;
4. Other circumstances stipulated by laws and regulations, recognized by the CSRC or 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 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 and regulations and the fund contract, without the need to convene a general meeting of fund share holders. The Fund Manager shall
It shall be reported to the CSRC and the dispatched office of the CSRC where the company is located for filing on the day when the side pocket mechanism is enabled.
After the side pocket mechanism is enabled, the fund manager shall timely remind the fund sales agency of the relevant matters of the side pocket mechanism.
Within five working days after the launch of the side pocket mechanism, the fund manager shall employ the accountant who will give his opinion on the launch date of the side pocket mechanism
The firm shall issue special audit opinions on the specific assets held by the fund in Japan when the side pocket mechanism is activated, which shall include the side pocket
The initial assets, shares, net assets and other information of the account.
2、 Establishment of side pocket account
When the side pocket mechanism is enabled, multiple specific assets can be put into the same side pocket account. The Fund Manager may be
Multiple side pocket accounts shall be set up, but each side pocket account shall be set up with a separate A/C set for independent accounting.
The Fund Manager shall implement independent management on the side pocket account shares. The main pocket account shall follow the original fund code and the side pocket account shall use
Independent fund code. In share registration system and sales system, the name of side pocket account share should be "product abbreviation+side pocket"
The format of "identification S+side pocket account establishment date" is set, and the name of the main pocket account share is added with the capital letter M as the identification
suffix.
On the day when the side pocket mechanism is launched, the fund manager and the fund service institution shall take the information of the fund share holders of the original fund account as
And confirm the list and shares of side pocket account holders.
After the assets of the side pocket account are fully liquidated, the Fund Manager shall cancel the side pocket account.
3、 Fund sales during the implementation of the side pocket mechanism
1. If the Fund implements the side pocket mechanism, the Fund Manager will handle it on the open day agreed in the Fund Contract and the Prospectus
Redemption of the main bag account shares, and determine whether to suspend the subscription according to the operation of the main bag account.
2. Except that the Fund Manager shall handle the subscription and redemption of the shares in the main pocket account according to the net value of the shares in the main pocket account
The subscription and redemption provisions in the "Subscription and Redemption of Fund Units" section of the Prospectus are applicable to the units in the main pocket account. Substantial redemption
The application for net redemption of the main bag account shares in a single open day is 10% more than the total shares of the main bag account on the previous open day.
3. For the redemption application received from the day when the side pocket mechanism is activated (including that day), the fund manager only handles the main pocket account
And pay the redemption money. The subscription application received from the day when the side pocket mechanism is activated (including the same day) shall be deemed as investment
Application for subscription submitted by the main pocket account after the side pocket mechanism is enabled.
4. During the implementation of the side pocket mechanism, the fund manager shall not handle the subscription, redemption, fixed investment and conversion of the side pocket account units.
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4、 Fund investment during the implementation of side pocket mechanism
During the implementation of the side pocket mechanism, the investment portfolio proportion, investment strategy
Portfolio restrictions, performance benchmarks, risk return characteristics and other agreements are only applicable to master accounts. All investment operations of the Fund refer to
The performance indicators of underlying funds shall be based on the assets of the main account.
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
Whole, except for the circumstances stipulated by the CSRC, such as limited asset liquidity.
5、 Fund valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the Fund Manager and the Fund Custodian shall evaluate the assets of the main pocket account and disclose the main
The disclosure of the net fund value of the side pocket account is suspended.
6、 Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the income distribution agreement specified in the "Fund's income and distribution" section of the Prospectus only
It is applicable to the share of main bag account. The share of side pocket account will not be distributed.
7、 Fund expenses during the implementation of side pocket account
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 may disburse the expenses related to the side pocket account from the assets of the side pocket account, but shall wait for the realization of specific assets
It can only be disbursed. The fund manager shall bear the consultation and audit fees arising from the use of the side pocket mechanism.
8、 Disposal, realization and payment of specific assets
When the liquidity of the side pocket account assets is restored, the Fund Manager shall formulate changes in accordance with the principle of maximizing the interests of unit holders
The current plan is to dispose and realize the assets of the side pocket account. No matter whether the assets of the side pocket account are fully realized, the fund manager shall
Timely pay the amount corresponding to the realized part to all share holders of the side pocket account.
The Fund Manager shall not conduct other investment operations in the side pocket account except for the realization of specific asset disposal.
After all the assets in the side pocket account have been realized, the fund manager shall refer to the relevant requirements of the fund liquidation report
After the mechanism, an accounting firm conforming to the provisions of the Securities Law shall be hired in a timely manner to audit and issue special audit opinions. pocket
After the account assets are fully liquidated, the Fund Manager shall cancel the side pocket account and cancel the special target in the name of the main pocket account unit
Knowledge.
9、 Information disclosure of side pocket mechanism
1. Temporary announcement
When the side pocket mechanism is activated, specific assets are disposed, the side pocket mechanism is terminated, and other events may cause heavy impact on the interests of investors
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The Fund Manager shall issue a temporary announcement in a timely manner after a matter of great influence; After the side pocket mechanism is enabled and terminated
Disclose the special audit opinions issued by the accounting firm.
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.
During the implementation of the side pocket mechanism, if the assets of the side pocket account cannot be disposed of and realized at one time, the fund manager shall
After realization, temporary announcements shall be issued in a timely manner in accordance with relevant laws and regulations.
2. Net fund value information
The Fund Manager shall disclose the net value of the Fund in accordance with the information disclosure method and
The net value of fund units and the cumulative net value of fund units of the main bag account units shall be disclosed frequently. The Fund is suspended during the implementation of the side pocket mechanism
Disclose the net share value and cumulative net share value of the side pocket account.
3. Periodic reports
During the implementation of the side pocket mechanism, the fund accounting statements in the fund periodic report only need to be prepared for the main pocket account. pocket
Account related information is disclosed separately in the periodic report, including but not limited to:
（1） Basic information such as fund code, fund name and establishment date of side pocket account;
（2） Initial assets and liabilities of side pocket account;
（3） The name, code, issuer and other basic information of specific assets;
（4） Progress of disposal of specific assets, expenses related to disposal of specific assets and other special assets during the reporting period
Information related to fixed assets (if any);
（5） Other situations that may have a significant impact on the interests of investors and relevant risk tips.
The Fund Manager may disclose the net realizable value or net value area of specific assets at the end of the reporting period according to the progress of specific asset disposal
However, the above net realizable value or net value range (if any) is not used as the final realization price of the fund manager for specific assets
promise.
10、 The relevant provisions of this part on the side pocket mechanism, such as the modification of future laws and regulations or regulatory rules, result in the relevant content being
If it is cancelled or should be changed, the Fund will be adjusted accordingly without convening a general meeting of fund share holders for deliberation.
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Part XVII Risk Disclosure
1、 Market risk
The price of the securities market is affected by various factors, such as economic factors, political factors, investment psychology and trading system, resulting in
Risks arising from changes in fund income mainly include:
1. Policy risk. Due to national macro policies (such as monetary policy, fiscal policy, industrial policy, regional development policy, etc.)
Changes that lead to 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.
The level of return on securities invested by the Fund will also change, resulting in risks;
3. Interest rate risk. The fluctuation of interest rate in the financial market will lead to changes in the price and yield of the securities market. Direct effect of interest rate
It affects the price and yield of bonds and affects the financing costs and profits of enterprises. The fund invests in bonds such as treasury bonds, and its income
The level will be affected by changes in interest rates;
4. Business risk of the company. The quality of the company's operation is affected by many factors, such as management ability, financial status, and market conditions
Landscape, industry competition, personnel quality, etc., all of which will lead to changes in the profitability of enterprises. If the company invested by the fund
If the operation is not good, the price of its securities may fall, which will reduce the investment income of the Fund. Although funds can be diversified through investment
This kind of unsystematic risk cannot be completely avoided;
5. Purchasing power risk. The profits of the Fund will be distributed mainly in the form of cash, which may be due to inflation
The impact will lead to a decline in purchasing power, which will lead to a decline in the actual income of the fund;
6. Credit risk. It mainly refers to the default risk of the debtor. If the debtor is poorly managed and insolvent, the creditor can
Most of the investment will be lost, which is mainly reflected in corporate bonds;
7. Risk of bond yield curve change. The change risk of bond yield curve refers to the non parallel movement with the yield curve
For the relevant risks, a single duration indicator cannot fully reflect the existence of this risk;
8. 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 (that is, the interest rate risk mentioned above) brought by the rise of interest rate are mutually fluctuating. Specific interest rate
In case of decline, the Fund will obtain less yield when reinvesting the interest income from the invested fixed income securities.
2、 Managing risk
The knowledge, experience, judgment, decision-making and skills of fund managers in the process of fund management and operation will affect their trust
The possession of interest and the judgment of economic situation and securities price trend will affect the fund income level and cause management risk.
3、 Liquidity risk
If there is a large amount of redemption application for the base metal open-ended fund, it will make it difficult to realize the fund assets
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Facing liquidity risk.
1. Subscription and redemption arrangements of the Fund
The Fund is open for subscription every open day, but the minimum holding period of each subscription/subscription of fund units is 120 days
Prior to the expiration date of the holding period, the holders of fund units cannot apply for redemption. The expiration date of the shortest holding period and the expiration of the shortest holding period
In the future, fund share holders may apply for redemption.
For each fund unit, the starting date of the shortest holding period refers to the effective date of the fund contract (for subscription units, the same below) or
The confirmation date of subscription of fund units (for subscription units, the same below), and the expiration date of the shortest holding period refers to the effective date of the fund contract or
The 120th day from the date of confirmation of subscription of gold shares (if that day is not a working day, it shall be postponed to the next working day).
2. Liquidity risk assessment of investment market, industry and assets
The proportion of the Fund's investment in bond assets shall not be less than 80% of the Fund's assets. The investment objects of the Fund are all in the CSRC and
It is within the legal scope of relevant laws and regulations, and generally has good market liquidity and investability. According to Liquidity
The Fund prudently assesses the liquidity of the invested assets and formulates the liquidity according to the relevant requirements of the Risk Management Regulations
Risk management measures, so the liquidity risk of the Fund can also be effectively controlled.
3. Liquidity risk management measures in the case of huge redemption
If the net redemption application of fund units in a single open day of the Fund exceeds 10% of the total fund units, the Fund may not have
The timely redemption of all fund units held by the Company means that a huge amount of redemption has occurred. When the fund has a huge redemption, the fund
The Manager may decide to fully redeem or partially postpone redemption according to the current asset portfolio of the Fund. For 2 consecutive open days
In case of a large amount of redemption (including this amount), the Fund Manager may suspend accepting the redemption application of the Fund if it deems it necessary; already
The accepted redemption application can postpone the payment of redemption money, but it should not exceed 20 working days, and should be made on the specified media
Bank announcement.
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
30% of the total units, the Fund Manager may postpone the redemption application of the individual fund unit holder. as
The Fund Manager shall postpone the application for redemption of more than 30% of the total fund shares
It shall be processed together with the redemption application on the next open day, and the redemption shall be calculated based on the net value of the fund units on the next open day without priority
Amount, and so on, until all redemption; If the fund manager only accepts 30% of its total fund shares as the current day
For an effective redemption application, the Fund Manager may, in accordance with the aforementioned "full redemption" or "partial deferred redemption"
Some valid redemption applications shall be handled together with the redemption applications of other fund unit holders. Fund unit holders are applying for redemption
You can choose to cancel the part that may not be accepted on that day in advance; If the deferred part chooses to cancel the redemption, it is not accepted on that day
Some redemption applications will be cancelled. If the investor fails to make a clear choice when submitting the redemption application, the investor fails to redeem the part
It is divided into automatic deferred redemption.
4. Implementation of alternative liquidity risk management tools, procedures and potential impact on investors
In the case of large-scale redemption, the Fund may cause liquidity risk due to its inability to realize.
In case of liquidity risk, the Fund Manager, through consultation with the Fund Custodian, will ensure that investors are treated fairly
Under the premise, alternative liquidity risk management tools can be implemented, including but not limited to suspension of accepting redemption applications and postponement of payment redemption
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Recoveries, swing pricing, suspension of fund valuation, etc., as auxiliary measures for liquidity risk management of fund managers under specific circumstances
At the same time, the fund manager should always guard against possible liquidity risks, conduct daily monitoring of liquidity risks, and protect
Interests of Holders. When implementing the standby liquidity risk management tool, it may not be possible to pay the redemption within the time limit agreed in the contract
Repayment.
4、 Other risks
1. Risks arising from technical factors, such as risks arising from unreliable computer systems;
2. Risks arising from imperfect system construction, staffing and internal control system establishment due to rapid business development;
3. Risks caused by human factors, such as insider trading and fraud;
4. Possible risks due to reliance on key business personnel such as fund managers;
5. Possible risks due to business competitive pressure;
6. Force majeure may lead to loss of fund assets, affect the income level of the fund, and thus bring risks;
7. , financial market crisis, industry competition, agency default, fund custodian default, etc
Risks beyond the control ability may also cause damage to the interests of the Fund or Fund Unitholders;
8. Risks caused by other accidents.
5、 Risks unique to the Fund
1. The Fund is a bond fund, and the proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets. Therefore,
In addition to bearing the interest rate risk caused by market interest rate fluctuations, the Fund also bears credit products such as corporate bonds and corporate bonds
The credit risk caused by the credit deterioration of the issuer.
2. The Fund's investment scope includes treasury bond futures, which may bring additional risks to the Fund, including leverage risk and futures
The risk caused by the reduction of the correlation between the price and the price of the Fund's investment varieties may increase the volatility of the Fund's net value.
3. The risk of the Fund's investment in asset-backed securities. The Fund can invest in asset-backed securities, so it may face
Credit risk, interest rate risk, liquidity risk, prepayment risk, legal risk and operational risk of asset backed securities. book
The Fund Manager will carry out effective risks on asset-backed securities investment through internal credit rating, investment credit control and other methods
Evaluation and control. At the same time, the Fund Manager will conduct the whole process compliance monitoring of asset-backed securities through prior control
To ensure the legality and compliance of asset-backed securities investment by means of intermediate supervision and post report inspection.
4. The Fund's investment scope includes credit derivatives. Investment in credit derivatives may face liquidity risk and repayment
Risk and price fluctuation risk. Liquidity risk refers to the inability to find counterparties in the process of transaction transfer of credit derivatives
Or the risk that less counterparties lead to difficulty in realizing them. The repayment risk is within the duration of the credit derivatives
Changes in the controlled market and environment, the founder may have poor operating conditions or the cash flow of the founder may be one of the expected
And thus affect the risk of credit derivatives settlement. The risk of price fluctuation is due to the creation of institutions or protected bonds
Changes in the operating conditions of the subject cause the credit rating agency to adjust the credit rating of the created agency or the protected bonds, resulting in
The risk that the transaction price of credit derivatives fluctuates, thus affecting the interests of investors.
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5. The Fund is open for subscription every open day, but the minimum holding period of each subscription/subscription of fund units is 120 days. I.e
Investors should consider the risk that the funds cannot be redeemed before the expiration date of the shortest holding period.
6. After the Fund Contract comes into force, there are less than 200 fund share holders or
If the net asset value of the fund is less than 50 million yuan, the fund contract shall be terminated without convening a general meeting of fund share holders. throw
The investor will face the risk of early termination of the Fund Contract.
6、 Risk of deviation between the return rate of fund portfolio and the benchmark return rate of performance comparison
The Fund's performance benchmark only provides a reference benchmark for fund performance comparison, and the performance of the performance benchmark does not represent
The actual return of the Fund shall not be used as a prediction of the Fund's return. The objects of investment in the actual operation of the Fund and their weights,
The composition and weight of the benchmark may not be completely consistent with the performance benchmark, and there may be portfolio return and performance benchmark
Risk of deviation of quasi yield.
7、 The expression of the risk return characteristics of the Fund's legal documents, the fund risk assessment of the sales agency, and the fund between the sales agencies
Risks that may be inconsistent in risk assessment
The statements on risk return characteristics in the investment section of the Fund's legal documents are based on the investment scope, investment proportion and securities market
The general description made by the market general law, etc., represents the long-term risk return characteristics of the Fund under general market conditions. sale
Institutions (including fund manager direct selling institutions and other sales institutions) conduct risk assessment on the Fund in accordance with relevant laws and regulations,
The evaluation methods adopted by different sales agencies may be different, so the risk level evaluation of the sales agencies and the fund legal documents
The expression of risk return characteristics in the case may be different, and the risk rating evaluation between sales agencies may also be different
The selling institution may adjust the risk level of the fund regularly or irregularly based on its own evaluation method, but
When recommending fund products to investors, the evaluation results of the risk level of the fund products shall not be lower than those made by the fund manager
Risk rating evaluation results. When purchasing the Fund, investors should complete the risk tolerance and assets in accordance with the requirements of the sales agency
Matching inspection between product risks.
8、 The impact of implementing the side pocket mechanism on investors
The side pocket mechanism is a liquidity risk management tool that separates specific assets into a special side pocket account for disposal
And pay the fund share holders with the amount after disposal and realization, in order to effectively isolate and eliminate risks
Ensure that investors are treated fairly. However, after the side pocket mechanism is enabled, the side pocket account units will stop disclosing the net value of fund units,
It is not allowed to handle subscription, redemption and conversion, and only the main pocket account shares are normally open for redemption, so it is necessary to hold
The holders of gold shares will hold the shares of the main account and the side pocket account at the same time after the side pocket mechanism is enabled, and the shares of the side pocket account
It cannot be redeemed, and the realization time of corresponding specific assets is uncertain, and the final realization price is also uncertain
It may be significantly lower than the valuation of specific assets before the side pocket mechanism is activated, and fund share holders may face losses as a result.
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
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Commitment, therefore, the fund manager does not undertake any guarantee and commitment for the fair value and final realization price of specific assets
Responsibility.
The fund manager will reasonably determine the purchase policy according to the operation of the main pocket account, so after the implementation of the side pocket mechanism, the main pocket account
It is possible to suspend the subscription of shares.
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
And according to relevant regulations, the decrease in the net assets of the fund caused by the split of the side pocket account assets shall be treated as investment loss,
Therefore, the performance indicators disclosed by the Fund cannot reflect the true value and changes of specific assets.
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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 a liquidation team within 30 working days from the date of termination of the Fund Contract
The Fund Manager shall organize a fund asset liquidation group and carry out fund liquidation under the supervision of the CSRC.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager, the Fund Custodian
The composition of certified public accountants, lawyers and personnel designated by the CSRC as stipulated in the Securities Law. The fund assets liquidation group may
To hire the necessary staff.
3. 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.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property 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;
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(5) Employ an accounting firm conforming to the provisions of the Securities Law to conduct external audit on the liquidation report, and employ lawyers
The financial office shall issue a legal opinion on the liquidation report;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but 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 fund assets liquidation group shall give priority to the payment from the fund assets.
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 remaining amount shall be determined according to the proportion of the net asset value of each fund unit
The distribution proportion of the remaining assets in the various fund units, and according to each unit within the scope of the remaining assets that can be distributed in the various fund units
The proportion of fund units held by fund unit holders within the category shall be distributed.
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,
The Fund Assets Liquidation Team shall publish the liquidation report on the prescribed website and the suggestive announcement of the liquidation report on the prescribed website
In the press.
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 no less than the minimum period of time prescribed by laws and regulations.
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Part XIX Summary of the Fund Contract
1、 Rights and obligations of the Fund Manager, Fund Custodian and Fund Unitholders
（1） 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 and redemption applications within the scope agreed in the Fund Contract;
(12) Exercise the rights of shareholders and creditors against the invested company for the benefit of the fund in accordance with laws and regulations, and for the benefit of the fund
Exercise the rights arising from the investment of fund assets in securities;
(13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
(14) Exercise litigation rights or implement other laws on behalf of fund share holders in the name of the fund manager
Legal behavior;
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(15) Select and replace law firms, accounting firms, securities/futures brokers or other services for the Fund
External agencies of the Ministry of Finance;
(16) Formulate and adjust relevant fund subscription, subscription, redemption, conversion
Business rules such as non transaction transfer, custody transfer and fixed investment;
(17) Entrust a third party institution to handle the transaction, clearing, valuation, settlement and other businesses of the Fund;
(18) 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 disclosed 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
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Unless otherwise specified in the "Same Rules" and other relevant regulations, the fund information shall be kept confidential before public disclosure, and shall not be disclosed to others, but according to the law
Except for those provided to regulatory agencies, judicial authorities, external professional consultants such as audit and law consultants;
(13) Determine the fund income distribution plan as agreed in the Fund Contract, and distribute funds to fund share holders in a timely manner
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) A lot of accounting books, statements, records and other relevant materials of fund property management business activities are kept as required
The minimum service life specified 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;
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(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
（2） 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
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) In accordance with the relevant market rules, open securities accounts for the Fund and other accounts required for investment, and handle securities transactions for the Fund
Capital clearing;
(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, the Fund property shall not be used for its own and
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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
Agree to handle the liquidation and delivery in a timely manner according to the investment instructions of the Fund Manager;
(7) Unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
The fund information shall be kept confidential before public disclosure and shall not be disclosed to others;
(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;
(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 execute
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 not less than the requirements of laws and regulations
Minimum age of;
(12) Receive and keep the register of fund unit holders from the fund manager or its entrusted registration institution;
(13) Prepare relevant account books as required and check with the fund manager;
(14) 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, the Fund Contract and the Custody Agreement;
(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) In case of any loss of the Fund property due to violation of the Fund Contract and the Custody Agreement, it shall be liable for compensation
The liability for compensation shall not be exempted due to his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws and regulations and the Fund Contract
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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.
（3） Rights and obligations of fund share holders
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 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;
(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;
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(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、 Procedures and Rules for Convening, Deliberating and Voting of the General Meeting of Fund Unitholders
（1） Reason for convening
1. When one of the following events occurs or needs to be decided, a general meeting of fund unit holders shall be held, provided that
Unless otherwise specified by the CSRC:
(1) Terminate the Fund Contract, unless otherwise agreed in 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 the Fund Manager and the Fund Custodian and increase the sales service rate;
(6) Change of fund category;
(7) The merger of the Fund with other funds;
(8) Change the investment objective, scope or strategy of the Fund;
(9) Change the procedures of the general meeting of fund unit holders;
(10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
(11) Fund 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 without material benefit to the Fund Unitholders
Under the premise of the influence of profits, the following circumstances can be modified by the Fund Manager and the Fund Custodian after consultation, without the need to hold a fund share holding meeting
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General Meeting:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate of the Fund, lower the redemption rate, sales service rate or change the charging method;
(3) Adjust the rules on fund subscription, subscription, redemption, conversion, non trading transfer, custody transfer and other businesses;
(4) Increase or adjust the category setting of fund units, stop the sale of existing fund units and the classification method of fund units
Adjust the rules;
(5) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(6) 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;
(7) 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 proposal 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 hold 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
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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;
(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)
), 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.
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（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
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' voting on voting matters is notified by the convener
On site delivery shall be made to the address or system designated by the convener before the deadline for voting. The communication meeting shall be held by
Vote on the spot.
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;
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(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
One half of the total fund units, the convener may
The general meeting of fund unit holders shall be reconvened within 6 months on the matters originally scheduled for consideration. Fund unit holders reconvened
The meeting shall have holders representing more than one-third (including one-third) of the fund units directly issue voting opinions or authorize others
The representative issues the voting opinion;
(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. On the premise that there is no conflict with laws and regulations, the general meeting of fund share holders can be held via the Internet, telephone or other means
The Fund Unitholders may vote in writing, online, telephone, SMS or other ways
The convener of the meeting shall determine and list in the meeting notice.
4. If the fund share holder authorizes others to attend the meeting and vote on his behalf without conflict with laws and regulations,
The authorization may be in writing, online, telephone, SMS or other ways, and the specific way shall be listed in the meeting notice.
（5） Discussion content and procedure
1. Discussion content and proposal right
The content of the proceedings shall be major matters related to the interests of fund share holders, such as major amendments to the Fund Contract 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
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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,
Then more than half (including half) of the voting rights held by fund share holders and agents present at the meeting
One Fund Unitholder shall be the chairperson of the Fund Unitholder Meeting. Refusal of the Fund Manager and the Fund Custodian
Failure to attend or preside over the general meeting of Fund Unitholders shall not affect the effectiveness of the resolutions made at the general meeting of Fund Unitholders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants (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, and 2
The convener shall count all valid votes within working days under the supervision of the notary office, and form a resolution under the supervision of the notary office.
（6） Voting
Unless otherwise stipulated in laws and regulations or in the Fund Agreement, each fund unit held by the fund unit holder has
Equal voting rights.
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 the draft resolution shall be 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
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
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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.
On the premise of the above rules, the specific rules shall be subject to the notice of the general meeting of fund unit holders issued by the convener.
（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, when announcing the resolution of the general meeting of fund share holders, the full text of the notarial certificate, the name of the notary office, and the name of the notary must be
Announce together.
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
Such proportion:
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, and the convener shall hold the general meeting of fund unit holders in three months after the original announcement
More than one third of the representatives shall be present at the general meeting of fund unit holders reconvened within six months after the meeting on the matters originally scheduled for consideration
(including 1/3) 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;
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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
1/2) passed;
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.
During the implementation of the side pocket mechanism, if the matters to be considered by the general meeting of fund share holders involve the main pocket account and the side pocket account, they shall be
The fund share holders of the main and side pocket accounts shall vote, and each fund share in the same main and side pocket account shall have
Equal voting rights. If the voting matter does not involve the side pocket account, the side pocket account share has no voting right.
During the implementation of the side pocket mechanism, the relevant provisions on the general meeting of fund share holders shall be subject to the special provisions in this section
If there is no provision in Section, the relevant provisions above shall apply.
（10） This part provides rules on the causes, conditions, procedures and voting conditions of the general meeting of fund share holders
Yes, any part that directly refers to laws and regulations or regulatory rules, such as the relevant
In case of cancellation or change, the Fund Manager and the Fund Custodian reach an agreement in accordance with the newly issued laws, regulations or regulatory rules and
After the announcement in advance, the contents of this part can be modified and adjusted directly without convening a general meeting of fund share holders for deliberation.
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 scheme is detailed in the announcement issued by the fund manager at that time. If the Fund Contract takes effect less than three months ago, it may not be collected
Benefit distribution;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash dividends or
The cash dividends are automatically transferred to the fund units of the same category for reinvestment; If the investor does not choose, the default income share of the Fund
The distribution method is cash dividend; Dividend reinvestment shares obtained from fund units (original units) held by fund unit holders
The expiration date of the shortest holding period of is deemed to be the same as 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, the net amount of fund shares on the base date of fund income distribution
The value less the income distribution amount of each unit fund unit cannot be lower than the face value;
4. Since Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales service fees
The distributable profits corresponding to the fund share category will be different. Unless otherwise stipulated by laws and regulations or otherwise stipulated in the Fund Contract
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In addition, each fund unit of the same category of the Fund shall enjoy the same distribution right;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
4、 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 fees withdrawn from the fund assets of Class C fund units;
4. Information disclosure fees related to the Fund after the Fund Contract takes effect;
5. Accounting fees, attorney fees, audit fees, notarial fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect
Fees;
6. Expenses for the general meeting of fund share holders;
7. Securities/futures/credit derivatives transaction costs of the Fund;
8. Bank transfer fees of the Fund;
9. Fund related account opening and maintenance costs;
10. 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 0.20% of the net asset value of the Fund on the previous day. The management fee is calculated as follows:
H ＝ E × 0.20% ÷ days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
Fund management fees are accrued daily and paid monthly. The Fund Custodian shall, based on the financial data consistent with the Fund Manager,
The payment will be automatically made according to the specified account path within 5 working days at the beginning of the next month. In case of legal holidays, rest days, etc
The date of payment shall be postponed.
2. Custody fees of the Fund Custodian
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The custody fee of the Fund is accrued at an annual fee rate of 0.05% of the net asset value of the Fund on the previous day. The custody fee is calculated as follows:
H ＝ E × 0.05% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily and paid monthly. The Fund Custodian shall, based on the financial data consistent with the Fund Manager,
The payment will be automatically made according to the specified account path within 5 working days at the beginning of the next month. In case of legal holidays, rest days, etc
The date of payment shall be postponed.
3. Fund sales service fees withdrawn from fund assets of Class C fund units
Class A fund units of the Fund do not charge fund sales service fees. The fund sales service fee for Class C fund units is based on the previous day
The annual fee rate of 0.20% of the net asset value of Class C fund units is accrued.
The calculation formula for the provision of sales service fees is as follows:
H ＝ E × 0.20% ÷ days of the year
H is the fund sales service fee that should be accrued for such fund units every day
E is the net asset value of such fund units on the previous day
The sales service fee is accrued daily and paid monthly. The Fund Custodian shall, based on the financial data consistent with the Fund Manager,
The payment will be automatically made according to the specified account path within 5 working days at the beginning of the next month. In case of legal holidays, rest days, etc
The date of payment shall be postponed.
Items 4-10 of the above "I. Types of fund expenses" shall be paid according to 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.
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（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
Provisions of.
（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.
5、 Investment scope and investment restrictions of the Fund assets
（1） Investment scope
The investment scope of the Fund includes bonds (including national bonds, central bank bills, financial bonds
Corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds, government agency bonds
Local government bonds and other bonds allowed to be invested by the CSRC), asset-backed securities, bond repurchase, bank deposits
(including negotiated deposits, time deposits, etc.), inter-bank deposit receipts, money market instruments, treasury bond futures, credit derivatives
Other financial instruments that the CSRC allows the fund to invest in, provided that they comply with the relevant provisions of the CSRC. The Fund does not invest
Stocks, convertible bonds, exchangeable bonds.
The proportion of the Fund's investment portfolio is: the proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets; Each hand in
At the end of the trading day, after deducting the trading margin required to be paid for treasury bond futures contracts, the cash retained by the Fund or the maturity date is less than
The total proportion of government bonds within the fund shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits and guarantees
Securities and subscription receivables, etc.
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
So as to bring it into the investment scope, and can adjust the investment scope in a timely and reasonable manner according to the then effective laws and regulations. Such as laws and regulations
Or the regulatory authority changes the proportion limit of the above investment varieties, after performing appropriate procedures, the changed proportion shall prevail
The investment proportion of Jin will be adjusted accordingly.
（2） Investment restrictions
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1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's investment in bond assets shall not be less than 80% of the Fund's assets;
(2) At the end of each trading day, after deducting the trading deposits required to be paid for treasury bond futures contracts, the Fund shall maintain a balance of
Cash less than 5% of the net asset value of the fund or government bonds with a maturity of less than one year, of which cash does not include provisions for settlement
Cash, deposits and subscription receivables;
(3) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(4) All funds under the management of the Fund Manager hold no more than 10% of the securities issued by a company,
The fund varieties that invest in securities in full accordance with the composition proportion of the relevant index may not be subject to the proportion limit specified in this article;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed the net assets of the Fund
10% of the value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed that of such asset-backed securities
10% of the securities scale;
(8) All funds managed by the Fund Manager shall not invest in various asset-backed securities of the same original equity holder
More than 10% of the total size of its various types of asset-backed securities;
(9) 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 is limited, the Fund Manager shall not actively increase the investment of liquidity restricted assets;
(10) The Fund, private equity securities asset management products and other entities 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;
(11) At the end of any trading day, the value of treasury bond futures contracts held shall not exceed 15% of the net asset value of the fund;
At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed 30% of the total market value of bonds held by the Fund;
Market value of bonds held by the Fund (excluding government bonds with a maturity of less than one year) and treasury bond futures contracts
The total value (offset calculation) shall comply with the relevant provisions of the fund contract on the proportion of bond investment; Within any trading day
The trading amount of treasury bond futures contracts traded (excluding closing positions) shall not exceed 30% of the net asset value of the fund on the previous trading day;
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(12) The Fund does not hold credit derivatives with the attribute of credit protection seller. The name of credit derivatives held by the Fund
The principal shall not exceed 100% of the face value of the corresponding protected bonds in the Fund; Due to fluctuations in securities/futures markets, securities issuance
In the event that the fund does not meet the aforesaid proportion limit due to factors other than the fund manager, such as merger and fund size change
The fund manager shall make adjustment within 3 months;
(13) The total principal of all kinds of credit derivatives invested by the Fund in the same credit protection seller shall not exceed the fund assets
10% of net worth; Due to fluctuations in the securities/futures market, mergers of securities issuers, changes in fund size and other fund managers
In the event that the Fund does not comply with the aforesaid proportion limit due to factors, the Fund Manager shall make adjustment within three months;
(14) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(15) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Unless otherwise agreed in (2), (9), (10), (12) and (13) above
The fund investment proportion does not meet the above requirements due to factors other than the fund manager, such as the merger of the securities issuer and the change of fund size
The fund manager shall adjust the capital ratio within 10 trading days, except for special circumstances stipulated by the CSRC.
Where laws and regulations provide otherwise, 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.
If laws and regulations or regulatory authorities change the above portfolio proportion limit, the changed provisions shall prevail.
The above restrictions are cancelled by laws and regulations or regulatory authorities. If they are applicable to the Fund, the Fund Manager shall, after performing appropriate procedures
Fund investment is no longer subject to relevant restrictions.
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;
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(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 the above restrictions, and if applicable to the Fund, the Fund Manager shall
After the procedure, the Fund's investment will no longer be subject to relevant restrictions.
6、 Valuation procedures
1. The net value of a certain class of fund units is divided by the net asset value of the class of fund divided by the class after the market is closed on each valuation date
The balance of fund units on the current day shall be calculated to the nearest 0.0001 yuan, and the fifth digit after the decimal point shall be rounded off. Fund manager
An emergency adjustment mechanism for net worth accuracy in the case of large redemption can be established. If the state has other provisions, such provisions shall prevail.
If the subscription or redemption of investors is confirmed according to the net value of the units with the above reserved digits, the net value of fund units may be caused
If the value fluctuates sharply, in order to protect the interests of fund share holders, the Fund Manager and the Fund Custodian can
Increase the number of reserved digits of the net value of fund units and confirm it accordingly, and recover it after confirmation. The specific number of reserved digits
The announcement at that time shall prevail.
The Fund Manager shall calculate the net value of the Fund assets and the net value of the Fund units of all types of Fund units on each valuation date, and
disclosure.
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 Contract
Except when the valuation is suspended in accordance with. After the fund manager evaluates the fund assets on each valuation date, the fund manager will
The results of net value of units shall be sent to the Fund Custodian, and after being reviewed by the Fund Custodian as correct, the Fund Manager shall publish them to the public in accordance with regulations.
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7、 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 a liquidation team within 30 working days from the date of termination of the Fund Contract
The Fund Manager shall organize a fund asset liquidation group and carry out fund liquidation under the supervision of the CSRC.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager, the Fund Custodian
The composition of certified public accountants, lawyers and personnel designated by the CSRC as stipulated in the Securities Law. The fund assets liquidation group may
To hire the necessary staff.
3. 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.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
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(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Employ an accounting firm conforming to the provisions of the Securities Law to conduct external audit on the liquidation report, and employ lawyers
The financial office shall issue a legal opinion on the liquidation report;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but 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 fund assets liquidation group shall give priority to the payment from the fund assets.
（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 remaining amount shall be determined according to the proportion of the net asset value of each fund unit
The distribution proportion of the remaining assets in the various fund units, and according to each unit within the scope of the remaining assets that can be distributed in the various fund units
The proportion of fund units held by fund unit holders within the category shall be distributed.
（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,
The Fund Assets Liquidation Team shall publish the liquidation report on the prescribed website and the suggestive announcement of the liquidation report on the prescribed website
In the press.
（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 no less than the minimum period of time prescribed by laws and regulations.
8、 Dispute resolution and applicable law
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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, either party has the right to submit the dispute to China International Economic and Trade Arbitration Commission (or other legal
Arbitration institution), the place of arbitration shall be Beijing (or the place where other arbitration institutions are located), and the arbitration shall be conducted according to China's international economic and trade arbitration
The arbitration committee (or other legally established arbitration institution) shall conduct arbitration according to the then effective arbitration rules. Unless otherwise awarded by arbitration
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 the fund faithfully, diligently and responsibly
The obligations stipulated in the contract shall safeguard the legitimate rights and interests of fund share holders.
The Fund Contract shall be governed by the laws of China.
9、 Effectiveness of the Fund Contract
The Fund Contract is a legal document that stipulates the rights and obligations between the parties to the Fund Contract.
1. The Fund Contract is sealed by the Fund Manager and the Fund Custodian and signed by the legal representatives or authorized representatives of both parties
After the offering is completed, the fund manager shall go through the fund filing procedures with the CSRC and obtain the letter from the CSRC
It will take effect after face confirmation.
2. The term of validity of the Fund Contract shall be from the date of its entry into force to the time when the liquidation results of the Fund assets are reported to the CSRC for filing and announcement
Until.
3. As of the effective date of the Fund Contract, the Fund Manager, the Fund Custodian and the Fund Unitholders
All parties to the Fund Contract shall have the same legal binding force.
4. The original of the Fund Contract is in sextuplicate. In addition to submitting it to the relevant regulatory authority in sextuplicate
Each administrator holds two copies, each of which has the same legal effect.
5. The Fund Contract can be printed in volumes for investors to use in the offices of the Fund Manager, the Fund Custodian and the Sales Agency
Check the office and business place.
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Part XX Summary of the Fund Custody Agreement
1、 Parties to the Fund Custody Agreement
（1） Fund manager
Name: South Fund Management Co., Ltd
Registered address: 32-42/F, Fund Building, No. 5999, Yitian Road, Lianhua Street, Futian District, Shenzhen, Guangdong Province
Legal representative: Zhou Yi
Time of establishment: March 6, 1998
Approval authority and approval document number: Zheng Jian Ji Zi [1998] No. 4
Registered capital: 3617.2 million yuan
Organizational form: limited liability company
Business scope: fund raising, fund sales, asset management and other businesses permitted by the CSRC
Duration: continuous operation
Tel.: (0755) 82763888
Fax: (0755) 82763889
Contact: Chang Kechuan
（2） Fund Custodian
Name: Postal Savings Bank of China Co., Ltd
Address: No. 3, Financial Street, Xicheng District, Beijing
Office address: Block A, No. 3, Financial Street, Xicheng District, Beijing
Postal code: 100808
Legal representative: Liu Jianjun
Time of establishment: March 6, 2007
Approval authority and approval document number: CBRC YJF [2006] No. 484
Approval No. of fund custody business: ZJXK [2009] No. 673
Organizational form: limited liability company
Registered capital: 92.384 billion yuan
Duration: continuous operation
Business scope: absorbing public deposits; Issue short-term, medium-term and long-term loans; Handle domestic and foreign settlement; Handle bill acceptance
Exchange and discount; Issuance of financial bonds; Issuing, cashing and underwriting government bonds as an agent; Buying and selling government bonds and financial bonds;
Interbank lending; Buying and selling foreign exchange; Engaging in bank card business; Provide letter of credit service and guarantee; Agency collection and payment
Payment and agency insurance business; Provide safe deposit box service; Others approved by China Banking Regulatory Authority and other regulatory authorities
Business.
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2、 The Fund Custodian's business supervision and verification of the Fund Manager
（1） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract, invest in the scope of the Fund's investment and
And investment restrictions. If the fund contract clearly stipulates the fund investment style or securities selection criteria, the fund management
The Fund Custodian shall provide a pool of investment varieties in the format required by the Fund Custodian, so that whether the Fund Custodian's actual investment in the Fund meets
Supervise the provisions of the fund contract on securities selection standards.
The investment scope of the Fund includes bonds (including national bonds, central bank bills, financial bonds
Corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds, government agency bonds
Local government bonds and other bonds allowed to be invested by the CSRC), asset-backed securities, bond repurchase, bank deposits
(including negotiated deposits, time deposits, etc.), inter-bank deposit receipts, money market instruments, treasury bond futures, credit derivatives
Other financial instruments that the CSRC allows the fund to invest in, provided that they comply with the relevant provisions of the CSRC. The Fund does not invest
Stocks, convertible bonds, exchangeable bonds.
The proportion of the Fund's investment portfolio is: the proportion of the Fund's investment in bond assets is not less than 80% of the Fund's assets; Each hand in
At the end of the trading day, after deducting the trading margin required to be paid for treasury bond futures contracts, the cash retained by the Fund or the maturity date is less than
The total proportion of government bonds within the fund shall not be less than 5% of the net asset value of the fund, of which cash does not include settlement provisions, deposits and guarantees
Securities and subscription receivables, etc.
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
So as to bring it into the investment scope, and can adjust the investment scope in a timely and reasonable manner according to the then effective laws and regulations. Such as laws and regulations
Or the regulatory authority changes the proportion limit of the above investment varieties, after performing appropriate procedures, the changed proportion shall prevail
The investment proportion of Jin will be adjusted accordingly.
The Fund's portfolio is subject to the following restrictions:
(1) The proportion of the Fund's investment in bond assets shall not be less than 80% of the Fund's assets;
(2) At the end of each trading day, after deducting the trading deposits required to be paid for treasury bond futures contracts, the Fund shall maintain a balance of
Cash less than 5% of the net asset value of the fund or government bonds with a maturity of less than one year, of which cash does not include provisions for settlement
Cash, deposits and subscription receivables;
(3) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(4) All funds under the management of the Fund Manager hold no more than 10% of the securities issued by a company,
The fund varieties that invest in securities in full accordance with the composition proportion of the relevant index may not be subject to the proportion limit specified in this article;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed the net assets of the Fund
10% of the value;
(6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed that of such asset-backed securities
10% of the securities scale;
(8) All funds managed by the Fund Manager shall not invest in various asset-backed securities of the same original equity holder
More than 10% of the total size of its various types of asset-backed securities;
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(9) 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 is limited, the Fund Manager shall not actively increase the investment of liquidity restricted assets;
(10) The Fund, private equity securities asset management products and other entities 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;
(11) At the end of any trading day, the value of treasury bond futures contracts held shall not exceed 15% of the net asset value of the fund;
At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed 30% of the total market value of bonds held by the Fund;
Market value of bonds held by the Fund (excluding government bonds with a maturity of less than one year) and treasury bond futures contracts
The total value (offset calculation) shall comply with the relevant provisions of the fund contract on the proportion of bond investment; Within any trading day
The trading amount of treasury bond futures contracts traded (excluding closing positions) shall not exceed 30% of the net asset value of the fund on the previous trading day;
(12) The Fund does not hold credit derivatives with the attribute of credit protection seller. The name of credit derivatives held by the Fund
The principal shall not exceed 100% of the face value of the corresponding protected bonds in the Fund; Due to fluctuations in securities/futures markets, securities issuance
In the event that the fund does not meet the aforesaid proportion limit due to factors other than the fund manager, such as merger and fund size change
The fund manager shall make adjustment within 3 months;
(13) The total principal of all kinds of credit derivatives invested by the Fund in the same credit protection seller shall not exceed the fund assets
10% of net worth; Due to fluctuations in the securities/futures market, mergers of securities issuers, changes in fund size and other fund managers
In the event that the Fund does not comply with the aforesaid proportion limit due to factors, the Fund Manager shall make adjustment within three months;
(14) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(15) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Unless otherwise agreed in (2), (9), (10), (12) and (13) above
The fund investment proportion does not meet the above requirements due to factors other than the fund manager, such as the merger of the securities issuer and the change of fund size
The fund manager shall adjust the capital ratio within 10 trading days, except for special circumstances stipulated by the CSRC.
Where laws and regulations provide otherwise, 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.
If laws and regulations or regulatory authorities change the above portfolio proportion limit, the changed provisions shall prevail.
The above restrictions are cancelled by laws and regulations or regulatory authorities. If they are applicable to the Fund, the Fund Manager shall, after performing appropriate procedures
Fund investment is no longer subject to relevant restrictions.
（3） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract, prohibit the following acts of fund investment:
Supervise. Unless otherwise agreed in this Agreement, the Fund Custodian prohibits the Fund Manager from investing in the Fund through post supervision
Conduct supervision.
In accordance with the provisions of laws and regulations and the fund contract, the fund assets shall not be used for the following investments or activities:
(1) Underwriting securities;
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(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.
Laws and regulations or regulatory authorities cancel the above prohibited investment behavior. If it is applicable to the Fund, the Fund Manager shall
After the procedure, the Fund's investment may no longer be subject to relevant restrictions.
The Fund Custodian has performed its supervision duties in accordance with relevant laws and regulations, the Fund Agreement and the Custodian Agreement
If the Fund still violates the provisions of laws and regulations, the investment prohibition agreed in the Fund Contract or the Custody Agreement, resulting in the loss of the Fund's property
The Fund Manager shall bear the responsibility, and the Fund Custodian shall not bear any responsibility.
（4） In accordance with the provisions of laws and regulations on engaging in connected transactions, the Fund Manager and the Fund Custodian shall propose to each other in advance
List of shareholders, actual controllers or companies having other major interests with this institution
Update, submit by email or other methods agreed by both parties, and ensure the authenticity, integrity and completeness of the list provided
Facial. After the list is changed, the Fund Manager shall promptly send a reply to the Fund Custodian within 2 working days
Confirm changes to the known list. The time of list change shall be subject to the time when the Fund Custodian sends the reply for confirmation. If the fund is in custody
If the fund manager still conducts transactions in violation of regulations and causes losses to fund assets
The Fund Manager shall bear the responsibility, and the Fund Custodian shall not bear any loss or responsibility.
If the Fund Custodian finds that the Fund Manager has conducted transactions with related parties prohibited by laws and regulations, the Fund Custody
The Fund Custodian shall timely remind and assist the Fund Manager to take necessary measures to prevent the transaction. If the Fund Custodian takes necessary measures
If the transaction cannot be prevented after the implementation, the Fund Custodian has the right to report to the CSRC, and the resulting losses and liabilities
It shall be borne by the fund manager. The Fund Custodian shall, in accordance with relevant laws and regulations
The fund custodian shall not be liable for the losses and liabilities arising from the settlement in accordance with the rules of the Exchange and report to the CSRC at the same time
Ren.
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 by companies with other major interests or securities underwritten during the underwriting period, or engaging in other major matters
In case of joint trading, it shall comply with the investment objectives and strategies of the Fund, follow the principle of giving priority to the interests of the holders, and prevent conflicts of interest,
Establish and improve the internal approval mechanism and evaluation mechanism, and implement according to fair and reasonable market prices. Relevant transactions must be based in advance
The consent of the fund custodian shall be disclosed in accordance with laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and
It has been approved by more than two-thirds of the independent directors. The Board of Directors of the Fund Manager shall review related party transactions at least every half a year
Check.
If laws, administrative regulations or regulatory authorities cancel the above restrictions, and if applicable to the Fund, the Fund Manager shall
After the procedure, the Fund's investment will no longer be subject to relevant restrictions.
（5） The Fund Custodian participates in the Bank for the Fund Manager in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
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To supervise the bond market.
The Fund Manager shall provide the Fund Custodian with prudent information in line with laws, regulations and industry standards before the investment and operation of the Fund
Re select the list of inter-bank bond market counterparties applicable to the Fund, and agree on the transaction settlement applicable to each counterparty
Calculation method. The Fund Manager shall select counterparties in the inter-bank bond market in strict accordance with the scope of the list of counterparties. fund
The custodian supervises whether the fund manager conducts transactions according to the list of counterparties in the inter-bank bond market provided in advance, such as the fund management
The manager failed to provide the list of counterparties in the inter-bank bond market as required, which led to the failure of the fund custodian to effectively perform its supervisory duties,
The fund manager shall bear all losses and liabilities arising therefrom.
The Fund Manager shall update the list of counterparties in the inter-bank bond market and the settlement method, and shall timely notify the Fund Custodian
The new list will come into force after the confirmation of the fund custodian. Before the new list comes into force, it has been conducted with the counterparties that have been eliminated this time, but it has not yet
The settled transactions shall still be settled in accordance with the agreement. If the fund manager needs to adjust the inter-bank bond market according to the market situation
If the list of counterparties and the settlement method are used, the reasons shall be explained to the fund custodian, and three times before the transaction with the counterparty occurs
Confirm with the Fund Custodian within the working day, and both parties shall negotiate for settlement. If the Fund Custodian finds that the Fund Manager is not on the list
The Fund Manager shall be timely reminded of the transactions conducted by the counterparties in the inter-bank market, and the Fund Manager has not corrected after being reminded
The Fund Custodian shall not bear any losses and liabilities arising therefrom.
The fund manager is responsible for controlling the credit control and trading mode of the counterparty, and trading in the inter-bank bond market
The Fund Custodian will not be responsible for the settlement of disputes and losses caused by the counterparty's failure to perform the contract
Any legal liability and loss caused thereby. The Fund Custodian shall check the performance of the contract according to the inter-bank bond market transaction sheet
Bank supervision. If the fund custodian finds that the fund manager has not conducted transactions in accordance with the agreed counterparty or trading method,
The Fund Custodian shall remind the Fund Manager in a timely manner. If the Fund Manager still fails to correct after reminding, the Fund Custodian shall not be liable for
Any loss and liability caused by this.
（6） The Fund Custodian selects deposits for the Fund Manager in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Bank supervision.
If the fund invests in bank deposits, the fund manager shall, in accordance with the provisions of laws and regulations and the provisions of the fund contract, determine whether the fund is in line with
The name list of all deposit banks under the conditions shall be provided to the Fund Custodian in a timely manner before the Fund invests in deposits. The Fund Custodian shall
To supervise whether the counterparties of the fund's investment bank deposits comply with the relevant regulations. If the fund manager fails to withdraw as required
The list of banks for deposit, which causes the Fund Custodian to be unable to effectively perform its supervision duties, and the resulting losses and liabilities shall be borne by the Fund
Undertaken by the Manager.
The investment bank deposits of the Fund shall comply with the following provisions:
1. The Fund Manager and the Fund Custodian shall sign a separate written agreement on the investment bank deposits of the Fund in accordance with relevant regulations
Clarify the rights and obligations of the fund manager and the fund custodian in handling the deposit business of the fund investment bank to ensure that the fund
The safety of property shall protect the legitimate rights and interests of fund share holders.
2. The Fund Custodian shall strengthen the supervision and verification of the Fund's bank deposit business, and strictly review relevant agreements and account funds
Materials, investment instructions, deposit certificates and other relevant documents, and earnestly perform custody responsibilities.
3. The Fund Manager and the Fund Custodian shall strictly abide by the Fund Law and the Operation Office when carrying out the fund deposit business
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Law of the People's Republic of China and other relevant laws and regulations, as well as various national regulations on account management, interest rate management, payment and settlement.
（7） Supervision of the Fund Custodian over the Fund's investment in restricted securities
1. The Fund's investment in tradable restricted securities shall comply with the Regulations on Investment in Negotiable Restricted Securities such as Non publicly Issued Shares
Notice of Problems and other relevant laws and regulations.
2. Circulating restricted securities, including non-public shares regulated by the Administrative Measures for the Issuance and Registration of Securities of Listed Companies
The tradable securities, such as the offline placement part of the public offering of stocks, which are clearly locked for a certain period at the time of issuance, do not include the tradable securities due to the release
The circulation of securities temporarily suspended due to major news or other reasons, issued unlisted securities, pledged bonds in repurchase transactions, etc
Securities only.
3. The Fund Manager shall provide the directors of the Fund Manager with
The investment decision-making process and risk control system for the Fund's investment in restricted negotiable securities approved by the Commission. Private offering of fund investment
For stocks, the Fund Manager shall also provide the liquidity risk disposal plan approved by the Board of Directors of the Fund Manager. The above information shall include
However, it is not limited to the investment quota and investment proportion control of the Fund's investment in restricted securities.
The Fund Manager shall send the above information in writing to the Fund Custodian at least two working days before the first execution of the investment order
To ensure that the Fund Custodian has sufficient time to review.
4. Before the Fund invests in the restricted securities in circulation, the Fund Manager shall provide the Fund Custodian with relevant information that meets the requirements of laws and regulations
Written information, including but not limited to the approval documents of the CSRC, the number of securities to be issued, the issue price
During the lock up period, the number, price, total cost and the proportion of total cost to the net asset value of the fund to be subscribed
The proportion of the market value of securities in the net asset value, the time of capital transfer, etc. The Fund Manager shall guarantee the authenticity and integrity of the above information,
And shall send the above information to the Fund Custodian in writing at least two working days before the proposed implementation of the investment order to ensure that the Fund Custodian
There is enough time for audit.
5. The Fund Custodian shall, in accordance with the Notice on Issues Related to the Fund's Investment in Non public Offering Stocks and Other Circulating Restricted Securities
To supervise whether the Fund Manager complies with laws and regulations, and to review the relevant written information provided by the Fund Manager.
If the Fund Custodian believes that the above information may lead to the risk of the Fund, it has the right to require the Fund Manager to issue a restricted investment certificate
A supplementary written explanation on the elimination or prevention measures of the risk shall be made before the bond is issued, and the risk management department of the fund manager shall be retained to check
The right to provide reference materials such as the risk assessment report issued by the Fund for its investment in restricted securities. Otherwise, the Fund Custodian has the right to refuse
Execute relevant instructions. The Fund Custodian shall not be liable for any loss of the Fund property caused by its refusal to implement the instruction, and
Report to the CSRC.
（8） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract, calculate the net asset value of the Fund
Net value calculation of fund units, receipt of funds receivable, determination of fund expenses and income, distribution of fund income, and relevant information
The fund performance data published in the fund publicity and promotion materials are monitored and verified.
If the Fund Manager prints false performance data on the promotional materials without the approval of the Fund Custodian
As expected, the Fund Custodian will not bear any responsibility for this.
（9） The Fund Custodian finds that the above matters and investment instructions of the Fund Manager or the actual investment operation violate laws and regulations
The Fund Manager shall be notified in writing to correct within a time limit in accordance with the provisions of the Regulations, the Fund Agreement and this Custodian Agreement. fund management
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The Fund Custodian shall actively cooperate and assist in the supervision and verification of the Fund Custodian. The Fund Manager shall, after receiving the notice
Check and send a written reply to the Fund Custodian, explain or provide evidence on the Fund Custodian's doubts, and explain the violation
Regulate the causes and correction period, and ensure timely correction within the specified period. Within the above specified period, the Fund Custodian has the right to
Review the notice and urge the fund manager to correct. The Fund Manager fails to comply with the violations notified by the Fund Custodian
The Fund Custodian shall have the right to report to the CSRC if it can make corrections within the above prescribed time limit.
The Fund Custodian finds that the Fund Manager's instructions violate laws, administrative regulations and other relevant provisions, or violate the Fund
If it is agreed in the contract, it shall refuse to implement it and immediately notify the fund manager to make corrections in a timely manner. If the fund manager refuses to correct
The gold custodian has the right to report to the CSRC
The Fund Custodian finds that the effective instructions of the Fund Manager in accordance with the trading procedures violate laws, administrative regulations and other
In case of violation of the relevant provisions or the provisions of the fund contract, the fund manager shall be notified immediately and reported to the CSRC in a timely manner.
（10） For the matters that the fund custodian needs to submit the fund supervision report to the CSRC according to the requirements of laws and regulations, the fund management
People should actively cooperate to provide relevant data and systems.
（11） If the Fund Custodian finds that the Fund Manager has major violations of laws and regulations, it shall report to the CSRC in a timely manner,
At the same time, the Fund Manager shall be notified to correct within a time limit, and the results of the correction shall be reported to the CSRC. The Fund Manager refuses without justified reasons
Refuse or obstruct the other party from exercising the supervision right in accordance with the provisions of this Agreement, or prevent the other party from conducting effective supervision by means of delay, fraud, etc,
If the circumstances are serious or the Fund Custodian still fails to correct after warning, the Fund Custodian shall report to the CSRC.
（12） The Fund Manager shall abide by the laws and regulations of the People's Republic of China on anti money laundering and anti terrorist financing, and shall not participate in
Suspected of money laundering, terrorist financing, proliferation financing and other illegal and criminal activities; Actively cooperate with the fund custodian to develop the identity of customers and beneficiaries
Identification and due diligence, providing true, accurate and complete customer and beneficiary information. If there are reasonable grounds for suspecting money laundering
For clients of terrorist financing, the Fund Custodian has the right to take necessary measures in accordance with anti money laundering and anti terrorist financing regulatory requirements and internal regulations
Control measures.
The Fund Unitholders shall provide the Fund Manager with the information and identity documents required by laws and regulations, and cooperate in the management
The manager completes the work of investor appropriateness management, due diligence on tax related information of non resident financial accounts, anti money laundering and other regulatory provisions
Work.
（13） When a fund participates in refinancing securities lending business, the fund manager shall abide by the principle of prudent operation and be equipped with technology
Systematically and professionally, formulate scientific and reasonable principles of prudent investment operation, equip technical systems and professionals, and formulate scientific
Reasonable investment strategy and risk management system, perfect business process, effectively prevent and control risks, and the Fund Custodian will
Financial participation in refinancing and lending business shall be supervised and reviewed.
（14） 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 fund contracts.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions, performance benchmarks
The risk return characteristics and other agreements are only applicable to the main bag account.
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The specific rules of the side pocket mechanism shall be implemented in accordance with the provisions of relevant laws and regulations and the fund contract.
3、 The Fund Manager's business verification of the Fund Custodian
（1） The Fund Manager shall check the performance of custody duties by the Fund Custodian, including but not limited to
The fund custodian shall safely keep the fund assets, open the fund account, securities account and other accounts required for investment of the fund assets,
Timely and accurately review the net value of fund assets and net value of fund units calculated by the fund manager, and handle according to the instructions of the fund manager
Clearing and settlement, timely feedback in case of problems, relevant information disclosure and supervision of whether the fund investment operation protects the non-public information
Confidential behavior.
The Fund Manager shall regularly and irregularly check the Fund assets under the custody of the Fund Custodian. The Fund Custodian shall be active
Cooperate with the Fund Manager in the verification, including but not limited to: submitting relevant materials for the Fund Manager to verify the custody property
Completeness and authenticity, reply to the fund manager and correct within the specified time.
（2） The Fund Manager finds that the Fund Custodian misappropriates the Fund assets without authorization, fails to manage the Fund assets separately
Executing or unreasonably delaying the execution of fund manager's fund transfer instructions, disclosing fund investment information and other violations of the Fund Law and the Fund
In case of any contract, this Agreement or other relevant provisions, the Fund Custodian shall be notified in writing to make corrections within a time limit. Fund Custodian
After receiving the notice, it shall timely check and send a written reply to the fund manager before the next working day, stating the reasons for the violation,
And ensure timely correction within the specified period. The Fund Manager has the right to reply to the notice at any time within the above specified period
Check and urge the Fund Custodian to correct. The Fund Custodian shall actively cooperate with the Fund Manager in its verification activities, including but not limited to:
Submit relevant materials for the fund manager to verify the integrity and authenticity of the custody property, and reply to the fund management within the specified time
And correct it. The Fund Manager shall have the right to request the Fund Custodian to compensate the losses suffered by the Fund as a result.
（3） The Fund Manager shall report to the CSRC and the Banking Regulatory Commission in a timely manner if it finds that the Fund Custodian has major violations
The regulatory authority shall also notify the fund custodian to make corrections within a time limit and report the results of the corrections to the CSRC. Fund Custodian None
For justified reasons, refuse or obstruct the other party from exercising the supervision right in accordance with the provisions of this Agreement, or obstruct the other party by means of delay, fraud, etc
To conduct effective supervision, if the circumstances are serious or the Fund Manager still fails to correct after warning, the Fund Manager shall report to the CSRC
meeting.
4、 Fund property custody
（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 safe custody. Without the proper instructions of the fund manager, it shall not be used or dealt with by itself
To distribute any property of the Fund. If the Fund property is damaged or lost during the custody of the Fund Custodian, the Fund shall
The trustee shall be liable for compensation.
3. The Fund Custodian shall open fund accounts, securities accounts and other accounts required for investment of the Fund assets in accordance with the provisions.
4. The Fund Custodian shall set up separate accounts for different fund assets under its custody, and conduct other business with the Fund Custodian and its
The custody business of other funds is subject to strict separate account management to ensure the integrity and independence of fund assets.
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5. The Fund Custodian shall, in accordance with the instructions of the Fund Manager, the provisions of laws and regulations, the Fund Agreement and the provisions of this Agreement
The fund assets shall be kept in custody.
6. For assets receivable arising from fund investment and assets receivable arising from fund subscription and purchase, such as
If the Fund Custodian is unable to obtain the information on the date of receipt from the public information or the written materials provided by the Fund Manager, the Fund Custodian shall
The Manager shall be responsible for determining the date of receipt with the relevant parties and notifying the Fund Custodian that the fund property has not reached the fund account on the date of receipt
The Fund Custodian shall timely notify and cooperate with the Fund Manager to take measures to collect funds. This causes losses to the fund property
The Fund Manager shall be responsible for recovering the losses of the Fund from the relevant parties, and the Fund Custodian shall not be liable for this.
7. Except in accordance with laws and regulations and the provisions of the Fund Contract, the Fund Custodian shall not entrust a third person to custody the Fund assets.
（2） Fund raising period and capital verification of raised funds
1. The funds raised during the fund raising shall be deposited in the special fund raising account opened by the fund manager
No one can use it before the end. The interest generated from effective subscription funds during the raising period will be converted into fund shares and returned to fund shares
The amount is owned by the holder, of which the interest transfer share is subject to the record of the registration authority.
2. When the fund raising period expires or the fund raising ends in advance, the total amount of fund units raised, the amount of fund raised, and the fund
After the number of unit holders meets the relevant provisions of the Fund Law and the Operation Measures, the Fund Manager shall
All funds of the Fund shall be transferred to the fund bank account opened by the Fund Custodian for the Fund, which shall be issued by the Fund Custodian on the date of receipt of funds
Relevant supporting documents, the Fund Manager shall, within the specified time, employ an accountant who meets the requirements of the Securities Law of the People's Republic of China
The accounting firm shall verify the capital and issue a capital verification report, in which the fund raised shall be confirmed. Capital verification issued
The report is valid only if it is signed by two or more Chinese certified public accountants participating in the capital verification.
3. If the fund raising period expires and the conditions for the effectiveness of the fund contract are not met, the fund manager shall handle the withdrawal as required
The Fund Custodian shall provide full assistance in matters such as.
（3） Opening and management of fund bank account
1. The Fund Custodian shall be responsible for the opening and management of the Bank Account of the Fund.
2. The Fund Custodian may open a bank account of the Fund in its business institution in the name of the Fund, and
The funds shall be collected and paid according to the legal and compliant instructions of the manager. The Bank Reserved Seal of the Fund shall be kept and used by the Fund Custodian. Base
All monetary income and expenditure activities of gold, including but not limited to investment, payment of redemption amount, payment of fund income, collection of subscription amount,
All 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 meet the needs of conducting the Fund's business. Fund Custodian and Fund
The Manager shall not open any other bank account in the name of the Fund; Nor may any account of the Fund be used for this purpose
Activities other than gold business.
4. The opening and management of the fund bank account shall comply with relevant laws and regulations.
（4） Opening and management of fund securities settlement account and settlement provision account
1. The fund custodian opens the fund in China Securities Depository and Clearing Corporation Limited Shanghai Branch and Shenzhen Branch
For the securities account jointly signed by the Fund Custodian and the Fund, the account name shall be subject to the actual opening.
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
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The Manager shall not lend or transfer any securities account of the Fund without the consent of the other party, nor use any account of the Fund
Conduct activities other than the business of the Fund.
3. The Fund Custodian shall open a clearing provision account in the name of its own legal person in China Securities Depository and Clearing Co., Ltd,
Open a secondary settlement reserve account in the custodian system of the Fund in the name of the Fund, and represent the funds under custody
The Fund Manager shall actively assist in the liquidation of the primary legal person with China Securities Depository and Clearing Corporation Limited. junction
The collection of provisions shall be carried out in accordance with the provisions of China Securities Depository and Clearing Corporation Limited.
4. The fund custodian shall be responsible for the opening of the fund securities account, and the fund manager shall be responsible for the management and application of the account assets.
5. If the CSRC or other regulatory authorities allow the Fund to engage in other investment varieties after the effective date of this Custody Agreement
Investment business involving the opening and use of relevant accounts shall be opened, used and managed in accordance with relevant regulations; In the absence of relevant regulations,
The Fund Custodian shall refer to and comply with the above provisions on account opening and use.
（5） Opening and management of bond custody account
After the Fund Contract comes into force, the Fund Custodian shall, in accordance with the provisions of the People's Bank of China, the Central Government Securities Depository and Clearing Co., Ltd., the Bank of China
The relevant provisions of the Interbank Market Clearing Co., Ltd. shall be cleared in the Central Government Securities Depository and Clearing Co., Ltd. and the inter-bank market
The Clearing House Co., Ltd. shall open a bond custody and settlement account and conduct the settlement of bonds in the inter-bank market on behalf of the Fund.
（6） Opening and management of other accounts
1. Other accounts opened for business development may, in accordance with the provisions of laws and regulations and the fund contract, be opened in the fund
The Fund Custodian shall be responsible for opening the Fund after discussion between the Manager and the Fund Custodian. The new account shall be used and managed according to relevant rules.
2. If laws and regulations and other relevant provisions provide otherwise for the opening and management of relevant accounts, such provisions shall prevail.
（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 and certificates of fixed bank deposits related to the investment of the Fund assets
Custody: the custodian certificate shall be held by the fund custodian, of which the physical securities shall be deposited by the fund custodian in the custody vault of the custodian bank;
It can also be stored in the escrow of the registration and settlement institution. The purchase and transfer of physical securities shall be conducted by the Fund Custodian according to the Fund Manager
Order handling. Damage and destruction of physical securities under the effective control of the Fund Custodian during the custody of the Fund Custodian
The Fund Custodian shall be liable for the loss. The Fund Custodian actually and effectively controls institutions other than the Fund Custodian
The securities and other fund assets of.
（8） Custody of major contracts related to fund assets
Unless otherwise specified in the agreement, the Fund Manager shall ensure that the Fund I
Party A holds more than two originals so that the Fund Manager and the Fund Custodian each hold at least one original. Fund management
The Manager shall fax the major contract to the Fund Custodian in a timely manner after the signing of the major contract, and send the original to the Fund Custodian within 10 working days
To the Fund Custodian. The period of custody of major contracts shall not be less than the minimum period prescribed by laws and regulations. For failure to obtain two
If there are more than originals, the Fund Manager shall provide the Fund Custodian with a facsimile of the contract stamped with the authorized business seal
The original contract shall not be transferred if it is negotiated or not within the scope of the contract.
5、 Calculation, valuation and accounting of the net asset value of the Fund
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（1） Calculation and review procedures of the net asset value of the Fund
1. Net value of fund assets
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
The net value of a certain class of fund units is calculated by dividing the net value of the class of fund assets by the current day of the class after the market is closed on each valuation day
The balance quantity of fund units shall be calculated to the nearest 0.0001 yuan, and the fifth decimal place shall be rounded off. The resulting error
Included in the fund assets. The Fund Manager may establish an emergency adjustment mechanism for the accuracy of net worth in the case of large redemption. Other national regulations
If it is determined, its provisions shall prevail.
If the subscription or redemption of investors is confirmed according to the net value of the units with the above reserved digits, the net value of fund units may be caused
If the value fluctuates sharply, in order to protect the interests of fund share holders, the Fund Manager and the Fund Custodian can
Increase the number of reserved digits of the net value of fund units and confirm it accordingly, and recover it after confirmation. The specific number of reserved digits
The announcement at that time shall prevail.
The Fund Manager shall calculate the net value of the Fund assets and the net value of the Fund units of all types of Fund units on each valuation date, and
disclosure.
2. Review procedure
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 provisions of the Fund Contract
Except when the valuation is suspended. After the fund manager evaluates the fund assets on each valuation date, the fund shares of various fund shares
The net value result shall be sent to the Fund Custodian and, after being checked by the Fund Custodian, shall be published by the Fund Manager in accordance with regulations.
（2） Fund asset valuation methods and treatment of special circumstances
1. Valuation object
Bonds, bank deposit principal and interest, accounts receivable, treasury bond futures, asset-backed securities, credit derivatives
Other investment and other assets and liabilities.
2. Valuation method
(1) Valuation of securities listed on stock exchanges
1) The securities listed on the stock exchange shall be valued at the market price (closing price) listed on the stock exchange on the valuation date; Estimation
There is no transaction on duty, and the economic environment has not changed significantly since the latest trading day or the securities issuer has not affected the securities price
In case of serious events, the market price (closing price) of the most recent trading day shall be used for valuation; For example, the economic environment has been heavy since the recent trading day
In case of major changes or major events affecting the securities prices of securities issuers, the current market prices and
Major change factors, adjust the market price of the latest transaction, and determine the fair price;
2) For the non equity fixed income varieties listed or transferred by the Exchange, select the third-party valuation agency on the valuation date
The estimated net price on the current day of the corresponding varieties provided for valuation;
3) The variety of fixed income with rights listed on the exchange or transferred by listing shall be provided by a third-party valuation agency on the valuation date
The only net valuation price or the recommended net valuation price of the corresponding variety on the current day;
4) The fair value of the securities listed on the Exchange without an active market shall be determined by valuation techniques. Exchange market
The fair value of the asset-backed securities listed for transfer shall be determined by valuation techniques;
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5) For unlisted or unlisted bonds issued in the exchange market, if there is an active market
The unadjusted quotation in the active market shall be regarded as the fair value on the valuation date; The quotation in the active market fails to represent the fair value on the valuation date
In case of value, the market quotation shall be adjusted to confirm the fair value on the valuation date; For no market activity or market
In case of few activities, valuation techniques should be used to determine its fair value.
(2) For the initial public offering of unlisted bonds, valuation techniques shall be used to determine the fair value.
(3) For the fixed income varieties without rights in the national inter-bank market, the corresponding products provided by the third-party valuation agency
The estimated net price of the day. For the types of fixed income with rights in the inter-bank market
The only estimated net price or the recommended estimated net price of the corresponding variety on the current day. For fixed income varieties including the investor's right to put back,
If the right of resale is exercised, the corresponding products provided by the third-party valuation benchmark service agency shall be selected between the registration date of the resale and the actual collection date
The only valuation price or recommended valuation price of
The price corresponding to the payment period is estimated.
(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) The fund invests in the interbank deposit receipt and is valued at the net valuation price provided by the third-party valuation institution on the valuation date.
(6) The Fund's investment in treasury bond futures contracts is 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.
(7) Valuation of credit derivatives
The fund manager may entrust the valuation benchmark service agency introduced by the China Securities Investment Fund Association to provide valuation services,
The valuation responsibility that the Fund Manager should bear according to law is not exempted by the entrustment. Fund managers and valuation benchmark service agencies can
Individualize the service scope and mode of valuation services in combination with the design of credit derivatives terms, data openness and other factors
Chemical conventions. The valuation method for credit derivatives is as follows:
1) For voucher credit derivatives traded on the stock exchange or inter-bank market, the fair price shall be determined according to the following principles
Value:
If there is an active market, the unadjusted quotation in the active market shall be taken as the fair value on the measurement date;
If the quotation in the active market fails to represent the fair value on the measurement date, the market quotation shall be adjusted to confirm the measurement
The fair value on the date; If there is no market activity or there is little market activity, valuation techniques should be used to determine the public interest rate
Allowable value.
2) Contract credit derivatives for unlisted transactions in stock exchanges or inter-bank markets, and valuation benchmark service institutions
If no valuation price is provided, the fair value shall be determined by valuation techniques.
(8) In case of large amount purchase or redemption of the Fund, the Fund Manager can adopt the swing pricing mechanism to ensure that
Fairness of fund valuation.
(9) If there is conclusive evidence that the original method of valuation cannot objectively reflect the fair value of the above assets or liabilities,
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, conduct valuation by the method that best reflects the fair value.
(10) If there are other provisions in relevant laws and regulations, regulatory authorities and self-discipline rules, those provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
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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.
3. Handling of special cases
When the Fund Manager or the Fund Custodian conducts the valuation according to Item (9) of the valuation method, the error caused shall not be taken as the basis
Incorrect handling of gold asset valuation.
Due to force majeure, or due to securities/futures exchanges, registration and clearing companies, deposit banks and other third-party institutions
The data sent by the company is incorrect, or the national accounting policy changes, market rules changes and other changes are not the original ones of the fund manager and the fund custodian
As a result, although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they have failed to find
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 mitigate or eliminate the impact caused thereby.
（3） Treatment 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 this Custody Agreement 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.
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. For errors caused by technical reasons, if the existing technical level of the same industry is not
If it is foreseeable, unavoidable or insurmountable, it shall be regarded as force majeure and shall be executed in accordance with the following provisions.
The investor's transaction information is lost or wrongly handled or other errors are caused due to force majeure
The party who has made an error due to force shall not be liable for compensation to other parties, but the party who has benefited improperly due to the error
It still has the obligation to return the unjust enrichment.
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
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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.
(2) When the error deviation reaches 0.25% of the net value of fund units, the Fund Manager shall notify the Fund Custodian and report
CSRC filing; When the error deviation reaches 0.5% of the net value of fund units, the fund manager shall make an announcement and report it to the China Securities Regulatory Commission
Recorded by the Regulatory Commission.
(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.
（4） Suspension of valuation and disclosure of net value of fund units
1. When the securities/futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons;
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,
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The Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
（5） Fund accounting system
The accounting system stipulated by relevant national departments shall be followed.
（6） Establishment of fund account book
The Fund Manager shall conduct fund accounting and prepare fund financial accounting reports. Fund Manager and Fund Custodian respectively
Set up, record and keep the complete set of account books of the Fund independently. If the fund manager and fund custodian deposit the accounting treatment method
In case of disagreement, the handling method of the Fund Manager shall prevail. If the check on the current day is inconsistent, the reason for the wrong account cannot be found temporarily
If the calculation and disclosure of the net asset value of the Fund is affected, the account book of the Fund Manager shall prevail.
（7） Preparation and review of fund financial statements and reports
1. Preparation of financial statements
The Fund Manager shall timely prepare and provide a true and complete financial and accounting report of the Fund. Preparation of monthly statements,
The Fund Manager shall complete it within 5 working days after the end of each month. The quarterly report shall have 15 jobs from the end of each quarter
The quarterly report shall be prepared and announced within days; The interim report shall be completed within two months after the end of half a year of the fiscal year
Prepare and publish; The annual report shall be prepared and announced within three months after the end of the accounting year. fund
The financial statements in the annual report shall be audited. If the fund contract takes effect for less than 2 months, the fund manager may not prepare
Prepare the current quarterly report, interim report or annual report.
2. Report review
The Fund Manager shall provide the monthly statement to the Fund Custodian for review on the day when the monthly statement is completed; Upon receipt by the Fund Custodian
The Fund Manager shall be notified of the review results within 3 working days. When the fund manager completes the quarterly report
The relevant report shall be submitted to the Fund Custodian for review, and the Fund Custodian shall complete the review within 7 working days after receiving it, and
Inform the Fund Manager of the review results. The Fund Manager shall provide the relevant report to the Fund Custodian on the day when the interim report is completed
The Fund Custodian shall complete the review within 30 days after receipt and notify the Fund Manager of the review results. Fund management
The Manager shall provide the relevant report to the Fund Custodian for review on the day when the annual report is completed, and the Fund Custodian shall, within 45 days after receiving it
And notify the Fund Manager of the review results. The above-mentioned document exchanges between the Fund Manager and the Fund Custodian
All shall be carried out by fax or other methods agreed by both parties.
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
The financial manager's accounting treatment shall prevail. After verification, the Fund Custodian shall make a written or electronic confirmation to the Fund Manager.
If the Fund Manager and the Fund Custodian cannot reach an agreement on the relevant statements before the date of the announcement, the Fund Management
The Fund Custodian has the right to report relevant information to the CSRC for filing.
（8） 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 the share net value of the side pocket account.
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6、 Custody of the Register of Fund Unitholders
The Fund Manager and the Fund Custodian of the Fund shall keep the register of Fund Unitholders respectively, including the Fund Agreement
The same as the effective date, the termination date of the fund contract, the registration date of the fund equity, the registration date of the fund unit holders' meeting
List of fund unit holders on December 30 and December 31. The contents of the register of fund share holders shall at least include
The name of the person and the fund units held by the person.
The register of fund unit holders shall be prepared by the registration authority, reviewed by the fund manager and submitted to the fund custodian for safekeeping. fund
The Custodian has the right to request the Fund Manager to provide the list of Fund Unitholders, which the Fund Manager shall provide in a timely manner without delay or delay
Rejected.
The Fund Manager shall submit the register of Fund Unitholders to the Fund Custodian in a timely manner. 30 June and 31 December each year
The register of fund unit holders on the first ten working days of the next month shall be submitted; The effective date of the fund contract, the termination date of the fund contract
Fund share holders involved in important fund event dates such as the fund equity registration date and the equity registration date of the fund share holders' meeting
The list of persons shall be submitted within ten working days after the occurrence date.
The Fund Manager and the Fund Custodian shall properly keep the register of fund unit holders for a period not less than that prescribed by laws and regulations
The minimum fixed number of years. The Fund Custodian shall not use the register of Fund Unitholders in its custody for other purposes other than fund custody business
Other purposes, and shall abide by the confidentiality obligation. If the Fund Manager or Fund Custodian is unable to properly keep the Fund due to its own reasons
The register of amount holders shall bear their respective responsibilities in accordance with relevant laws and regulations.
7、 Dispute resolution
Disputes arising from or related to this Agreement shall be settled by both parties through consultation and mediation
In case of settlement, either party has the right to submit the dispute to China International Economic and Trade Arbitration Commission (or other legally established arbitration
The place of arbitration shall be Beijing (or the place where other arbitration institutions are located), according to China International Economic and Trade Arbitration Commission
(or other legally established arbitration institutions). The arbitral award shall be final and binding upon the parties
Everyone is binding.
During the dispute settlement period, both parties shall abide by the responsibilities of the Fund Manager and the Fund Custodian, and continue to be faithful, diligent
Fulfill the obligations specified in the Fund Agreement and this Custodian Agreement and safeguard the legitimate rights and interests of the Fund Unitholders.
This Agreement shall be governed by and interpreted in accordance with the laws of the People's Republic of China.
8、 Change and termination of fund custody agreement and liquidation of fund assets
（1） Change procedure of custody agreement
The parties to this agreement may amend the agreement upon consensus. The contents of the revised new agreement shall not be consistent with
There is any conflict between the provisions of the Fund Agreement. Changes to the Fund Custody Agreement shall be reported to the CSRC for filing.
（2） Termination of Fund Custody Agreement
1. The Fund Contract is terminated;
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2. The Fund Custodian is dissolved, revoked, bankrupt or other Fund Custodian takes over the Fund assets;
3. The Fund Manager is dissolved, revoked, bankrupt or taken over by another Fund Manager;
4. The termination event specified by laws and regulations or fund contract occurs.
（3） Liquidation of fund assets
1. Fund asset liquidation team: establish a liquidation team within 30 working days from the date of termination of the Fund Contract
The Fund Manager shall organize a fund asset liquidation group and carry out fund liquidation under the supervision of the CSRC.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager, the Fund Custodian
The composition of certified public accountants, lawyers and personnel designated by the CSRC as stipulated in the Securities Law. The fund assets liquidation group may
To hire the necessary staff.
3. 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.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property 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) Employ an accounting firm conforming to the provisions of the Securities Law to conduct external audit on the liquidation report, and employ lawyers
The financial office shall issue a legal opinion on the liquidation report;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but 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 fund assets liquidation group shall give priority to the payment from the fund assets.
（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 remaining assets shall be determined according to the proportion of the net asset value of each fund unit
The distribution proportion of various fund units, and within the scope of the remaining property that can be distributed by various fund units
The proportion of fund units held by gold unit holders shall be distributed.
（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,
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The Fund Assets Liquidation Team shall publish the liquidation report on the prescribed website and the suggestive announcement of the liquidation report on the prescribed website
In the press.
（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 not less than the minimum period prescribed by laws and regulations.
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Part XXI Service for Fund Unitholders
The services to fund share holders are mainly provided by the fund manager and the sales agency. The following are provided by the fund manager
The main service content of. According to the needs of fund share holders and market changes, the Fund Manager has the right to
On the premise of laws and regulations, add and modify relevant service items. In case of system, third party or force majeure
If the service cannot be provided, the Fund Manager will not assume any responsibility.
If the Fund includes Class H shares sold in Hong Kong Special Administrative Region of China, the services enjoyed by the holders of such Class H shares
The general conditions of the business items are limited to telephone services of the customer service center, investor complaints and suggestions acceptance services, website information, etc
Services.
1、 Online account opening and transaction services
Investors can use the fund manager's website (www.nffund. com), WeChat official account (search "South Fund"
Or "NF4008898899") or APP client for account opening, subscription/purchase, redemption and information inquiry. Related base
Please refer to the relevant announcements and business rules on the fund manager website for the specific rules of electronic direct selling of the fund manager.
2、 Information inquiry and transaction confirmation service
（1） Fund information inquiry service
Investors can enjoy fund transaction inquiry, account inquiry and fund manager legal disclosure through the fund manager website and other platforms
Various disclosed fund information and other services, including basic information of fund products (including fund name, manager name, fund code
Risk level, shares held, net unit value, income, etc.), legal documents, fund announcements, regular reports and
The latest developments of fund managers and other information.
（2） Fund transaction confirmation service
The fund manager shall promptly sell the funds to the fund manager through direct channels through email, WeChat or other forms agreed with investors
The holders who invest in and hold the fund units of the Company shall inform them of the name of the fund to be subscribed, subscribed and redeemed and the
Confirmation date, confirmation share, amount and other information. Fund share holders handle fund manager funds through indirect sales institutions
For gold share trading business, please refer to the actual business process and regulations of each sales agency for relevant information confirmation services.
3、 Fund retention information service
At least every year, the fund manager shall send a letter to the fund manager
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The holders who invest in the direct marketing channel and hold the fund shares of the fund manager shall provide information about the fund retention.
Fund share holders can subscribe to or view the fund retention information in the following ways:
1. Fund share holders can customize the regular email form through the fund manager's website, customer service telephone, etc
Account Statement.
2. Fund share holders can follow the fund manager's WeChat public account and bind accounts to receive WeChat statements on a regular basis.
3. Fund share holders can log on to the Fund Manager's website (www.nffund. com) to view and download the Fund Insurance
There are conditions and statements.
4. Fund share holders can go to the trading outlets of sales institutions to print or through the self-service, telephone
Online services and other channels to query the fund retention information.
Because the contact information reserved by the investor is unknown, wrong, not changed in time, not following the WeChat public account or after following
Account not bound, communication failure, delay and other reasons may cause the statement not to be delivered on time or accurately. For the above reasons
Investors who cannot normally collect statements, please go to the fund manager's website in time or call the fund manager's customer service hotline
Online inquiry, check and change of reserved contact information.
4、 Information service
The investor knows and agrees that the fund manager may, according to the personal information of the investor, irregularly through telephone, SMS, email
WeChat or any other means to provide investors with account service notice, transaction confirmation notice and important public company related to investors
Notice, event news, marketing information, customer care and other information and value-added services, please read carefully before investing in the Fund
Official website service introduction and privacy policy. If you need to cancel the corresponding information service, you can unsubscribe according to the relevant guidelines, or through fund management
The customer service center hotline 400-889-8899, online service and other manual service methods are used to unsubscribe.
5、 Customer service center telephone and online service
（1） Telephone service
Investors can enjoy the following services by calling the fund manager's customer service center hotline 400-889-8899:
1. Self service voice service (7 × 24 hours): provide self-service inquiry services such as fund net value information and account information.
2. Labor service: provide labor service 7 days a week, no less than 8 hours a day (except for Spring Festival holidays). investor
Special services such as investment consultation, business consultation, information inquiry, service complaints and suggestions, and information customization can be obtained through this hotline
Business.
（2） Online services
Investors can enjoy the following services through the fund manager's website, WeChat official account or APP client:
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1. Intelligent customer service (7 × 24 hours): provide self-service consulting services such as business rules and net worth information.
2. Labor service: provide labor service 7 days a week, no less than 8 hours a day (except for Spring Festival holidays). Investors may
Through this way, special services such as investment consultation, business consultation, information inquiry, service complaints and suggestions, and information customization can be obtained.
6、 Complaint and suggestion acceptance service
Investors can use the fund manager's customer service center's manual hotline, online customer service, letters, emails and SMS
And the counters of sales outlets and other different channels to complain or raise complaints about the services provided by fund managers and sales outlets
Make suggestions.
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Part XXII Other Matters to be Disclosed
The Fund has no other matters to disclose. If there are any matters not covered in the Fund Contract, the parties to the Fund Contract shall
It shall be settled through consultation according to relevant laws and regulations.
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Part XXIII Deposition and Reference Methods of Prospectus
This Prospectus is kept at the residence of the Fund Manager, the Fund Custodian and the Fund Sales Agency, and the investors can still handle it
Free access at public time; You can also purchase a copy or photocopy of this prospectus at the cost of production, but the original of the prospectus should be used
Shall prevail.
The Fund Manager and the Fund Custodian guarantee that the content of the text is completely consistent with the content of the announcement.
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Part XXIV Documents for future reference
1. Documents of the CSRC approving the registration of the Fund;
2. Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund Contract;
3. Custody Agreement of Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund;
4. Legal opinion;
5. Business qualification approval document and business license of the fund manager;
6. The approval document and business license for the business qualification of the fund custodian;
7. Open ended Fund Business Rules of China Southern Fund Management Co., Ltd;
8. Other documents required by the CSRC.
There is no text on this page, which is the seal page of the Prospectus of Nanfang Wenfu 120 day Holding Period Bond Securities Investment Fund
South Fund Management Co., Ltd