Morgan Fund Management (China) Co., Ltd
Morgan Joyshare returns 6 months holding period
Hybrid securities investment fund
Fund contract
Fund Manager: Morgan Fund Management (China) Co., Ltd
Fund Custodian: Industrial and Commercial Bank of China Limited
March, 2014
catalog
Part I Preface one
Part II Definition four
Part III Basic Information of the Fund ten
Part IV Sale of Fund Units twelve
Part V Fund Filing fourteen
Part VI Subscription and Redemption of Fund Units fifteen
Part VII Parties to the Fund Contract and Their Rights and Obligations twenty-five
Part VIII General Meeting of Fund Unitholders thirty-three
Part IX Conditions and Procedures for Replacement of Fund Manager and Fund Custodian forty-two
Part X Custody of the Fund forty-five
Part XI Registration of Fund Units forty-six
Part XII Investment of the Fund forty-eight
Part XIII Assets of the Fund fifty-seven
Part XIV Valuation of Fund Assets fifty-eight
Part XV Fund Fees and Taxes sixty-five
Part XVI Income and Distribution of the Fund sixty-eight
Part XVII Accounting and Audit of the Fund seventy
Part XVIII Information Disclosure of the Fund seventy-one
Part XIX Change and Termination of the Fund Contract and Liquidation of the Fund Assets seventy-nine
Part XX Liability for Breach of Contract eighty-one
Part XXI Dispute Settlement and Applicable Law eighty-two
Part XXII Effectiveness of the Fund Contract eighty-three
Part XXIII Other Matters eighty-four
Part XXIV Summary of Fund Contract eighty-five
Part I Preface
1、 Purpose, Basis and Principle of the Fund Contract
1. The purpose of entering into this Fund Contract is to protect the legitimate rights and interests of investors and clarify the
Rights and obligations, standardize fund operation.
2. The Fund Contract is concluded on the basis of the Civil Code of the People's Republic of China (hereinafter referred to as the "Civil Law")
Securities Law of the People's Republic of China (hereinafter referred to as "Securities Law")
Securities Investment Fund Law (hereinafter referred to as "the Fund Law"), Management Measures for the Operation of Publicly Offered Securities Investment Funds
(hereinafter referred to as the "Operation Measures"), the Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies (
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 "Liquidity Risk Management Regulations") and other relevant laws and regulations.
3. The principle of entering into this Fund Contract is equality, voluntariness, honesty and credibility, and full protection of the legal rights of investors
Benefits.
2、 The fund contract is the basic legal document that stipulates the rights and obligations between the parties to the fund contract
Any document or statement relating to the rights and obligations of the parties to the fund contract related to the fund, such as
In case of any conflict in the fund contract, the fund contract shall prevail. The parties to the fund contract shall comply with the Fund Law and the fund contract
And other relevant provisions.
The parties to a fund contract include the fund manager, the fund custodian and the fund unit holders. Fund investment
The investor shall become the fund share holder and a party to the fund contract when he obtains the fund shares in accordance with the fund contract
The behavior of holding fund shares itself indicates its recognition and acceptance of the fund contract.
3、 The 6-month holding period hybrid securities investment fund of Morgan Joyshare returns is managed by the fund manager according to
The Fund Law of the People's Republic of China, the Fund Contract and other relevant regulations have been issued and approved by the China Securities Regulatory Commission (hereinafter referred to as the "CSRC")
"China Securities Regulatory Commission").
The registration of the Fund raised by the CSRC does not indicate the investment value of the Fund and the market value of the Fund
The fact that the Fund makes substantive judgments or guarantees does not mean that there is no risk in investing in the Fund.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, there is no guarantee that investment in the Fund will be profitable, nor will there be any guarantee of minimum return.
Investors should carefully read the fund prospectus, fund contract, fund product information summary and other information
Disclose documents, judge the investment value of the fund independently, make investment decisions independently, and bear investment risks independently.
4、 The Fund Manager and the Fund Custodian disclose information related to the Fund outside the Fund Contract
If the content involves defining the rights and obligations between the parties to the fund contract, in case of conflict with the fund contract
The contract shall prevail.
5、 The Fund may choose to transfer part of the funds to
Gold assets invest in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks. Fund assets are not necessarily invested in Hong Kong stocks.
If the fund invests in the trading interconnection mechanism between the mainland and Hong Kong stock markets (hereinafter referred to as "Hong Kong Stock Connect Mechanism")
The Stock Exchange of Hong Kong Limited (hereinafter referred to as "the Stock Exchange of Hong Kong") within the specified scope of trading permission
For listed stocks, meet with the Hong Kong Stock Connect mechanism due to the investment environment, investment target, market system and trading
Unique risks brought by differences in rules, including the risk of large fluctuations in the stock price in the Hong Kong stock market (implemented in the Hong Kong stock market
T+0 reverse trading, and no limit on the rise and fall of individual stocks, Hong Kong stock prices may show more dramatic than A shares
Strong stock price fluctuations), exchange rate risk (exchange rate fluctuations may cause losses to the fund's investment income), Hong Kong Stock Connect
Possible risks caused by inconsistent trading days under the mechanism
It can be traded normally, and Hong Kong shares cannot be sold in time, which may bring some liquidity risk).
6、 The investment scope of the Fund includes depositary receipts, except for other funds that only invest in stocks in the domestic market
In addition to the common risks faced by the Fund, the Fund will also face significant fluctuations in the price of China Depositary Receipts, or even
The risk of large losses and the risk related to the issuance mechanism of China's depositary receipts.
7、 When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager shall
After the corresponding procedures, the side pocket mechanism can be activated. See the relevant sections of the fund contract and prospectus for details.
During the implementation of the side pocket mechanism, the fund manager will mark the fund abbreviation specially and will not handle the side pocket account
Subscription and redemption of. Please read the relevant content carefully and pay attention to the side pocket mechanism of the Fund
Specific risks.
8、 The Fund sets the minimum holding period for fund unit holders. Each share held by fund share holders
The minimum holding period of fund units is 6 months, and fund unit holders cannot redeem within the minimum holding period
And transfer out business. The next working day (including that day) after the end date of the minimum holding period of each fund unit
From then on, fund share holders can handle redemption and transfer out business.
9、 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.
10、 The number of fund units held by a single investor of the Fund shall not reach or exceed the total number of fund units
50%, but passively reaching or exceeding 50% due to redemption of fund units and other circumstances during fund operation
except.
Part II Interpretation
In this Fund Contract, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: refers to the 6-month holding period hybrid securities investment fund of Morgan Joyshare Return
2. Fund Manager: Morgan Fund Management (China) Co., Ltd
3. Fund Custodian: Industrial and Commercial Bank of China Limited
4. Fund contract or this fund contract: refer to the "Morgan Joyshare Return 6-month Holding Period Hybrid Securities Investment"
Fund Agreement and any effective amendments and supplements to the Fund Agreement
5. Custody Agreement: refers to the "Morgan Joyful Return" signed between the Fund Manager and the Fund Custodian for the Fund
Custody Agreement of 6-month Holding Period Hybrid Securities Investment Fund and any effective amendment to the custody agreement
supplement
6. Prospectus: refers to the "6-month holding period hybrid securities investment fund recruitment of Morgan Yuexiang Return"
Manual and its updates
7. Summary of fund product information: refer to "Morgan Yuexiang Return 6-month Holding Period Hybrid Securities Investment Base"
Gold Fund Product Information Summary and its updates
8. Announcement on the sale of fund shares: refers to the 6-month holding period hybrid securities investment base of Morgan Joyshare Return
Announcement on Sale of Gold Fund Units
9. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
10. Fund Law: refers to the Standing Committee of the Tenth National People's Congress
Adopted at the fifth session of the NPC and approved by the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting of the meeting, implemented since June 1, 2013
The 14th Meeting of the Standing Committee of the Second National People's Congress
Decision of the People's Republic of China on Amending Seven Laws Including the Port Law of the People's Republic of China
Securities Investment Fund Law and amendments made by the promulgating authority from time to time
11. Sales Measures: promulgated by the CSRC on August 28, 2020 and implemented on October 1 of the same year
The Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies issued by the Ministry of Finance and the promulgating authority from time to time
Revision of
12. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
Implemented and approved by the Decision of the CSRC on Amending Some Securities and Futures Regulations on March 20, 2020
The Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds as amended by the Decision of the Ministry of Finance of the People's Republic of China
Revision issued
13. Operation Measures: promulgated by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Management Measures for the Operation of Publicly Offered Securities Investment Funds and amendments made by the promulgating authority from time to time
14. Liquidity Risk Management Regulations: promulgated by the CSRC on August 31, 2017
Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on January 1 and the issuing authority
As amended from time to time
15. China Securities Regulatory Commission: China Securities Regulatory Commission
16. Banking regulatory authority: refers to the People's Bank of China and/or the Insurance Regulatory Commission of the Bank of China
Member Council
17. Parties to the Fund Contract: refer to those who are bound by the Fund Contract and enjoy rights and assume obligations under the Fund Contract
The legal subjects of the Fund, including the Fund Manager, the Fund Custodian and the Fund Unitholders
18. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
19. Institutional investors: refer to those who can invest in securities investment funds according to law and are located in the People's Republic of China
Enterprise legal person, public institution legal person and society legally registered and existing or established and existing with the approval of relevant government departments
Groups or other organizations
20. QFII: refers to qualified foreign institutional investors and RMB qualified foreign institutions
The Measures for the Administration of Investors' Domestic Securities and Futures Investment (including its amendments from time to time) and relevant laws and regulations
Foreign institutional investors investing in domestic securities and futures with funds from abroad, including qualified foreign institutions
Investors and RMB Qualified Foreign Institutional Investors
21. Investors, investors: individual investors, institutional investors, qualified foreign investors and
Other investors allowed by laws and regulations or the CSRC to purchase securities investment funds
22. Fund share holder: refers to the investment legally obtained from fund shares in accordance with the fund contract and prospectus
people
23. Fund sales business: refers to the promotion of funds and the sale of fund shares by fund managers or sales agencies,
Handle the subscription, redemption, conversion, re custody and fixed investment of fund units
24. Sales Agency: refers to Morgan Fund Management (China) Co., Ltd
Other conditions stipulated by the CSRC, obtaining the qualification for fund sales business and signing a fund agreement with the fund manager
Sales service agreement, the institution handling fund sales business
25. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including
Establishment and management of investor's fund account, registration of fund shares, confirmation, liquidation and settlement of fund sales business
Calculate and distribute dividends on behalf of others, establish and keep the register of fund share holders and handle non trading transfer, etc
26. Registration agency: refers to the agency that handles registration business. The registration authority of the fund is Morgan Fund Management (China
China) Co., Ltd. or the agency entrusted by Morgan Fund Management (China) Co., Ltd. to handle registration business
structure
27. Fund account: refers to the fund manager's account opened by the registration institution for investors, which records their holdings
Account for the balance of fund units under management and their changes
28. Fund transaction account: it refers to the account opened by the sales agency for the investor to record the investor's passing through the sales machine
Fund shares arising from the organization's handling of subscription, subscription, redemption, conversion, custody transfer, fixed investment and other businesses
Accounts for changes in amounts and balances
29. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract,
The fund manager has completed the fund filing formalities with the CSRC and obtained the written confirmation of the CSRC
date
30. Fund contract termination date: refers to the date when the fund contract termination causes specified in the fund contract occur
The date on which the liquidation results are reported to the CSRC for filing and announcement after the completion of liquidation
31. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, with the longest
Not more than 3 months
32. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
33. Month to day: refers to the corresponding date of a specific date in subsequent months. For example, the corresponding date is
If it is not a working day, it shall be postponed to the next working day. If there is no corresponding date in that month, it shall be postponed to that month
Next business day of the last day
34. Minimum holding period: the minimum holding period of each fund unit held by the fund unit holder is 6 months
Lock holding period. For the subscribed fund units, it refers to the date when the fund contract takes effect (including the fund contract
The same as the effective date) to the previous day (including that day) of the month to day after 6 months; For the basis of subscription
For gold share, it refers to the effective subscription application submitted since the confirmation date of the subscription share (including that date, usually T day
Confirmed on T+1) to the day before (including) the month to day after 6 months. Minimum holding period
Fund unit holders within the limit cannot handle redemption and transfer out business
35. Working day: refers to the positive days of Shanghai Stock Exchange, Shenzhen Stock Exchange and relevant futures exchanges
Regular trading day
36. T day: refers to that the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
open house
37. T+n day: refers to the nth working day from T day (excluding T day)
38. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units (if
If the Fund participates in the trading of Hong Kong Stock Connect and the trading day is not a Hong Kong Stock Connect trading day, the Fund has the right not to open subscription
Redemption and announcement as required)
39. Opening Hours: refers to the time period when the fund accepts subscription, redemption or other transactions on the open day
40. Business Rules: refer to the Open ended Fund Business Rules of Morgan Fund Management (China) Co., Ltd,
It is a business rule regulating the registration of open-ended securities investment funds managed by the fund manager, and is managed by the fund
Both the manager and the investor shall abide by
41. Subscription: during the fund raising period, investors apply for
Please purchase fund shares
42. Subscription: after the Fund Contract comes into effect, the investor applies for
Please purchase fund shares
43. Redemption: refers to that after the Fund Contract comes into effect, the Fund Unitholders shall comply with the provisions of the Fund Contract and the Prospectus
The act of converting fund units into cash under specified conditions
44. Fund conversion: refers to the fund share holders' effective public funds in accordance with the Fund Agreement and the Fund Manager at that time
To apply for converting the fund units of a fund managed by the fund manager into
Behavior of other fund units managed by the fund manager
45. Transfer of custody: refers to the change place implemented by the Fund Unitholders between different sales agencies of the Fund
Operation of sales institutions holding fund units
46. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency, and the agreement on each application
On the purchase date, the amount of deduction and the method of deduction, the sales agency shall, on the agreed deduction date of each period, place the amount of deduction in the bank account designated by the investor
An investment method for automatically completing deduction and accepting fund purchase applications in the account
47. Large redemption: refers to the net redemption application of the Fund on a single open day (total redemption application units plus
After deducting the total number of subscription application units and the transfer in application for fund conversion
The balance after the total number of shares requested) exceeds 10% of the total fund shares on the previous open day
48. RMB: refers to RMB
49. Fund income: refers to dividend, dividend, bond interest, price difference of securities, silver
Savings on bank deposit interest, other legal income realized and costs and expenses arising from the use of fund assets
50. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of funds and other assets
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
Value and net value of fund units
54. Regulated media: national reports for information disclosure that meet the conditions specified by the CSRC
Publications and Internet websites (including fund manager websites, fund custodian websites, CSRC fund electronics
Disclosure website) and other media
55. Sales service fee: refers to the amount withdrawn from the fund property for marketing, sales and
Service fees for fund share holders
56. Classification of Fund Units: The Fund shall pay subscription fees, subscription fees and sales service fees
Different, the fund shares are divided into different categories
57. Class A fund unit: refers to the collection of subscription and purchase fees when investors subscribe and purchase funds, and
Fund shares that no longer accrue sales service fees from fund assets of this category
58. Class C fund unit: refers to the amount withdrawn from the fund assets of this class without charging subscription and purchase fees
Fund share of sales service fee
59. Liquidity restricted assets: refer to assets that cannot be used due to laws and regulations, supervision, contracts or operational barriers
Assets realized at a reasonable price, including but not limited to reverse repurchase with maturity of more than 10 trading days
Fixed deposits with banks (including bank deposits that are conditionally withdrawn in advance as agreed in the agreement), suspended shares, and negotiable securities
Limited new shares, non-public shares, asset-backed securities, inability to transfer due to the issuer's debt default, or
Traded bonds, etc
60. Hong Kong Stock Connect Mechanism: Shanghai Stock Exchange, Shenzhen Stock Exchange and Hong Kong Stock Exchange
Exchange has established technical connection to enable mainland and Hong Kong investors to trade through local securities companies or brokers
Stocks listed on the opposite exchange within a specified range, including Shanghai Hong Kong stock market trading interconnection mechanism and Shenzhen Hong Kong stock market
Stock market transaction interconnection mechanism
61. Hong Kong Stock Standard Stock: refers to the stock that mainland investors entrust mainland securities companies to trade through domestic securities
The established securities trading service company reports to the Stock Exchange of Hong Kong to buy and sell incense within the specified scope
Shares listed on the Stock Exchange of Hong Kong
62. Swing pricing mechanism: when open-end funds are subject to large purchase and redemption, through adjusting the fund shares
In the form of net amount, the market shock cost of the fund's adjusted portfolio is allocated to the actual subscription and redemption investments
Investors, so as to reduce the adverse impact on the interests of stock fund share holders and ensure the legitimate rights and interests of investors
Be protected and treated fairly
63. Side pocket mechanism: refers to the separation of specific assets in the fund portfolio from the original account to a special
The purpose of account settlement is to effectively isolate and defuse risks and ensure that investors are treated fairly,
It is a liquidity risk management tool. During the implementation of the side pocket mechanism, the original account is called the main pocket account and the special account
The account is called side pocket account
64. Specific assets: including: (1) there is no active market price for reference and the use of valuation techniques still leads to
Assets with significant uncertainty in fair value; (2) Measured at amortized cost and provision for asset impairment is still made
Assets that lead to significant uncertainty of asset value; (3) Other assets with significant uncertainty
assets
65. Force majeure: refers to the objective that the parties to the Fund contract cannot foresee, avoid and overcome
event
Part III Basic Information of the Fund
1、 Fund name
Morgan Yuexiang Return 6-month Holding Period Hybrid Securities Investment Fund
2、 Category of fund
Hybrid securities investment fund
3、 Operation mode of the fund
Contractual and open
The Fund sets the minimum holding period for fund unit holders. Each fund held by fund share holders
The minimum holding period of units is 6 months. During the minimum holding period, fund unit holders cannot redeem or transfer
Transfer out business. From the next working day (including that day) after the end date of the minimum holding period of each fund unit,
Fund unit holders may handle redemption and transfer out business.
For the subscribed fund units, the minimum holding period is from the effective date of the fund contract (including the fund
The period from the effective date of the contract to the day before the month to day after six months (including that day); For subscription
For fund units, the shortest holding period refers to the date of confirmation of the subscription unit (including that date, which is usually submitted on T day
Valid subscription application is confirmed on T+1) to the day before (including) the month to day after 6 months
Between.
4、 Investment objectives of the Fund
On the basis of strict risk control, the Fund strives to achieve steady appreciation of fund assets.
5、 Total amount and amount of minimum raised shares of the Fund
The minimum total number of units raised by the Fund is 200 million, and the amount raised by the Fund is not less than 200 million yuan.
6、 Selling face value and subscription fees of fund units
The selling face value of the Fund units is RMB 1.00.
The subscription rate of Class A fund units of the Fund shall be subject to the provisions of the Prospectus; Class C fund shares
Collect subscription fees.
7、 Duration of the Fund
Irregular
8、 Type of Fund Units
The Fund divides the Fund units into
Different categories. When an investor subscribes/subscribes, he/she shall collect the subscription/subscription fee and no longer withdraw from the fund of this category
If sales service fees are accrued from assets, they are called Class A fund units; No subscription/subscription fee will be charged, but
Class C fund shares are those for which sales service fees are accrued. Setting of relevant rates and rates
The level is detailed in the prospectus and the summary of fund product information.
The codes of Class A and Class C fund units of the Fund are set respectively. Due to different fund fees, the Fund
The net value of Class A fund units and Class C fund units will be calculated and announced separately, and the calculation formula
It is the net asset value of each class of fund on the calculation date divided by the total number of units of the class of fund sold on the calculation date.
Investors can choose the type of fund units to subscribe/subscribe for at their own discretion.
Without violating the laws and regulations, the provisions of the fund contract and the interests of fund share holders
Under the influence of profits, the Fund Manager may increase the number of funds
Add new fund share categories, cancel a fund share category or classify fund share methods and rules, and recognize (apply for)
The minimum amount limit and rules for purchasing various fund shares shall be adjusted. This adjustment does not need to convene fund shares
The general meeting of shareholders, but before the implementation of the adjustment, the Fund Manager shall make an announcement in accordance with the provisions of the Information Disclosure Measures and
Report to the CSRC for filing.
Part IV Sale of Fund Units
1、 The time, method and target of offering fund units
1. Sale time
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the specific time of sale of fund units
Notice.
2. Way of sale
It is publicly sold through the fund sales outlets of each sales agency. For the specific list of each sales agency, see the fund
The amount offering announcement and the website of the fund manager are publicized.
3. Target
Individual investors, institutional investors, contract investors who can invest in securities investment funds in accordance with laws and regulations
Foreign investors and other investors allowed by laws and regulations or the CSRC to purchase securities investment funds.
2、 Subscription of Fund Units
1. Subscription fee
The subscription fee is charged for Class A fund units of the Fund at the time of subscription; No subscription fee is charged for Class C fund units
Use. The subscription rate for Class A fund units of the Fund shall be determined by the Fund Manager and listed in the Prospectus
Shows. The fund subscription fee shall not be included in the fund property.
2. Treatment of interest during the raising period
The interest generated from the effective subscription funds during the raising period will be converted into fund units and returned to the fund unit holders
All, of which the specific amount of interest transferred to shares shall be subject to the records of the registration authority.
3. Calculation of Fund Subscription Units
The specific calculation method of fund subscription units is listed in the prospectus.
4. Handling method of subscribed share balance
The calculation of subscribed shares shall be reserved to 2 decimal places, and the part after 2 decimal places shall be rounded off
The gains or losses arising from this error shall be borne by the fund property.
3、 Limitation on the amount of fund share subscription
1. When subscribing, investors shall pay in full in the way specified by the sales agency.
2. The Fund Manager may limit the minimum single subscription amount of each fund transaction account
Please refer to the prospectus or relevant announcements for body restrictions.
3. The Fund Manager may limit the cumulative subscription amount of a single investor during the offering period
Please refer to the prospectus or relevant announcements for body restrictions and handling methods.
4. Investors may subscribe for fund units several times during the fund raising period, and each subscription fee shall be calculated separately.
Once the subscription application is accepted, it cannot be revoked.
5. If the cumulative number of fund units subscribed by a single investor of the Fund reaches or exceeds the total number of fund units
50%, the fund manager may limit the subscription application of the investor by means of proportion confirmation. base
The acceptance of a certain subscription application or some subscription applications by the fund manager may lead investors to evade the above 50% ratio in disguised form
If required, the Fund Manager has the right to reject all or part of such subscription applications.
6. The acceptance of the subscription application by the sales agency does not necessarily mean that the application is successful, but only represents the sales machine
The organization has indeed received the subscription application. The confirmation of subscription shall be subject to the confirmation result of the registration authority. For subscription applications and
Investors can inquire about the confirmation of subscribed shares and properly exercise their legal rights.
Part V Fund Filing
1、 Conditions for Fund Filing
The total amount 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
Under the condition that the fund raised amount is not less than 200 million yuan and the number of fund subscribers is not less than 200,
The fund raising period expires or the fund manager may decide to stop the fund distribution in accordance with laws, regulations and the prospectus
And employ a legal capital verification agency to verify the capital within 10 days, and within 10 days from the date of receiving the capital verification report
The CSRC shall handle the fund filing procedures.
If the fund raising meets the conditions for fund filing, the fund manager shall take
The Fund Contract shall come into force from the date of written confirmation by the CSRC; Otherwise, the Fund Contract will not take effect.
The Fund Manager shall publicize the effectiveness of the Fund Contract on the next day after receiving the confirmation document from the CSRC
Notice. The fund manager shall deposit the funds raised during the fund raising into a special account
No one can use it before the end.
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 the investors within 30 days after the expiration of the fund raising period, and add the same amount as the bank
Current deposit interest (after tax);
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration.
All expenses paid by the Fund Manager, the Fund Custodian and the Sales Agency for the Fund raising shall be borne by each party
Dan.
3、 Number of fund share holders and asset size within the duration of the fund
After the Fund Contract takes effect, the number of fund share holders is less than 200 for 20 consecutive working days
If the net asset value of the fund or the fund is less than 50 million yuan, the fund manager shall report it in the regular report
disclosure; In case of the above circumstances for 50 consecutive working days, the fund contract is terminated, and it is not necessary to hold a fund share holding meeting
There is a general meeting.
Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
Part VI Subscription and Redemption of Fund Units
1、 Place for subscription and redemption
The subscription and redemption of the Fund will be conducted through the sales agency. The specific sales agency will be managed by the fund manager
Listed in the prospectus or other relevant announcements. The fund manager can change or increase or decrease the sales machine according to the situation
And publicized on the fund manager's website. The fund investor shall handle the fund sales business at the sales institution
The subscription and redemption of fund units shall be handled at the business premises or in other ways provided by the sales agency.
2、 Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription of fund units on the open day, but for each fund unit, it is only allowed to purchase
Redemption, conversion and transfer out of fund units shall be handled on the next working day after the expiration of the minimum holding period of units. open
The specific handling time of the release date is that of the Shanghai Stock Exchange, Shenzhen Stock Exchange and relevant futures exchanges
Trading hours on normal trading days (if the Fund participates in Hong Kong Stock Connect trading and the trading day is not a Hong Kong Stock Connect trading day,
Then the Fund has the right not to open subscription and redemption, and make announcement as required), but the Fund Manager shall
Except for the announcement of suspension of subscription and redemption as required by laws and regulations, the CSRC or the Fund Contract. to open up
The specific business handling time of the day shall be specified in the prospectus or relevant announcements.
After the fund contract comes into effect, if there is a new securities/futures trading market or a securities/futures exchange
In case of occasional changes or other special circumstances, the Fund Manager will, as the case may be, make corresponding changes to the aforesaid opening days and hours
However, it shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
2. Start date of subscription and redemption and business handling time
The Fund Manager shall apply for subscription within three months from the effective date of the Fund Agreement, and the specific business shall be handled
The processing time shall be specified in the announcement of subscription start.
The Fund Unitholders may only hold the Fund Units on the next working day after the expiration of the minimum holding period of the Fund Units
Apply for redemption and transfer out of gold units. 6 months after the effective date of the Fund Agreement
Redemption and conversion transfer out business will be handled on a monthly basis, and the specific business processing time will be specified in the announcement of redemption start
Definitely.
After determining the start time of subscription and redemption, the Fund Manager shall, before the opening day of subscription and redemption
The starting time of subscription and redemption shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
The fund manager may not handle the subscription of fund units
Redemption or conversion. The investor puts forward the subscription, redemption or conversion on a date and time other than that specified in the fund contract
The subscription, redemption or conversion price of fund units applied for and accepted by the registration authority shall be the basis of the next open day
The price of subscription, redemption or conversion of gold shares. Redemption and conversion proposed by investors within the shortest holding period
The application shall be deemed invalid.
3、 Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption prices of various funds calculated after the closing of the application day
Calculate on the basis of net amount;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on that day may be withdrawn within the time specified by the Fund Manager;
4. Redemption follows the principle of "first in, first out", that is, it is carried out in the order of investors' subscription and purchase
Ordinal redemption;
5. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure that
The legitimate rights and interests of investors shall not be damaged and shall be treated fairly;
6. The registration authority will only handle the corresponding shares due from the next working day after the expiration of the shortest holding period
Redemption of. If the share submitted for redemption exceeds the share due, the registration authority shall
The portion of will be acknowledged as failed.
The Fund Manager may, as permitted by laws and regulations, have no material adverse effect on the interests of Fund Unitholders
The above principles shall be adjusted. The Fund Manager must, before the implementation of the new rules
The relevant provisions of the Information Disclosure Measures shall be announced on the specified media.
4、 Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must propose within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for subscription or redemption.
2. Payment of subscription and redemption funds
When subscribing for fund units, investors must pay the subscription amount in full. The investor pays the subscription amount and applies for
Establishment of purchase; The subscription takes effect when the fund share registration authority confirms the fund share.
The redemption is established when the fund unit holder submits the redemption application; When the fund share registration institution confirms the redemption,
Redemption takes effect. After the investor's redemption application takes effect, the fund manager will pay within T+7 days (including that day)
Redemption proceeds. In case of data transmission delay, communication system failure, number of banks in securities/futures exchanges or trading markets
According to the failure of the exchange system, the failure of the trading system of Hong Kong Stock Connect, or the restriction of the capital settlement rules of Hong Kong Stock Connect or other non funds
When factors that can be controlled by the Manager and the Fund Custodian affect the business process, the redemption proceeds shall be postponed to the above
The next working day after the factor disappears. In case of major redemption or other suspension specified in the Fund Contract
In case of redemption or postponement of payment of redemption money, the payment method shall refer to the relevant provisions of this Fund Contract
Li.
3. Confirmation of application for subscription and redemption
The Fund Manager shall take the day when valid subscription and redemption applications are accepted before the end of trading hours as the day of subscription
Or the redemption application date (T day). Under normal circumstances, the Fund's registration authority has
Validation. For the valid application submitted on T day, the investor can go to the sales network after T+2 day (including that day)
Click the counter or inquire about the confirmation of the application in other ways specified by the sales agency. If the subscription is invalid,
The principal of the subscription amount shall be returned to the investor.
The acceptance of the application for subscription and redemption by the sales agency does not mean that the application is necessarily successful, but only represents the sales
The institution has indeed received the application for subscription and redemption. The confirmation of subscription and redemption shall be subject to the confirmation result of the registration authority.
For the subscription application and the confirmation of subscription shares, investors should timely inquire and properly exercise their legal rights,
Otherwise, any loss arising therefrom shall be borne by the investor.
The fund manager may, within the scope permitted by laws and regulations, adjust the above business processing time according to law
And must be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date of the adjustment.
5、 Quantity limit of subscription and redemption
1. The fund manager may specify the minimum amount of the initial subscription and each subscription of the investor and each redemption
Please refer to the Prospectus or relevant announcements for the specific provisions of the minimum share returned.
2. The fund manager may specify the minimum fund unit balance of each fund transaction account of the investor, with
Please refer to the Prospectus or relevant announcements for specific regulations.
3. The fund manager may stipulate the upper limit of the fund units held by a single investor accumulatively. Please refer to
See the Prospectus or relevant announcements.
4. When accepting the application for subscription has a potentially significant adverse impact on the interests of the holders of stock fund units,
The Fund Manager shall set the upper limit of the subscription amount of a single investor or the upper limit of the net subscription proportion of a single day of the Fund
Measures such as rejecting large amount subscription, suspending fund subscription, etc. shall be taken to effectively protect the legitimate rights and interests of holders of stock fund units.
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control
System. See the relevant announcement of the Fund Manager for details.
5. The Fund Manager may adjust the above specified subscription amount and redemption if permitted by laws and regulations
The number of shares, or the control measures for the size of new funds. The Fund Manager must, before adjustment
The relevant provisions of the Information Disclosure Measures shall be announced on the specified media.
6、 Purchase and redemption prices, fees and their uses
1. Fund codes are set for Class A fund units and Class C fund units of the Fund, and the base is announced separately
Net value of gold shares. The calculation of the net value of various fund units of the Fund shall be kept to 4 decimal places
The last fifth digit shall be rounded off, and the resulting gains or losses shall be borne by the fund property. Net fund shares on T day
The value shall be calculated after the close of the day and announced as agreed in the fund contract. In case of special circumstances, after performing appropriate procedures,
The calculation or announcement can be delayed appropriately.
2. Calculation of subscription units and handling method of balance: For details of calculation of subscription units of the Fund, see Recruitment
Instructions. The subscription rate of Class A fund units of the Fund shall be determined by the Fund Manager and shall be listed in the Prospectus
Listed in. The effective unit of subscription is the net subscription amount divided by the net value of fund units on the current day
The above calculation results are rounded to 2 decimal places, and the resulting income
Or the loss shall be borne by the fund property.
3. Calculation and handling method of redemption amount: please refer to the Prospectus for the calculation of redemption amount of the Fund.
The redemption rate of the Fund shall be determined by the Fund Manager and listed in the Prospectus. The redemption amount is based on the fact
The effective redemption units confirmed at the time multiplied by the net value of the fund units on the day and deducted the corresponding expenses, the redemption amount unit
Is yuan. The above calculation results are rounded to 2 decimal places, and the resulting gains or losses
The loss shall be borne by the fund property.
4. The subscription fee shall be borne by the investor who subscribes Class A shares of the Fund and shall not be included in the fund property.
5. Redemption expenses shall be borne by the fund unit holders who redeem the fund units
It is collected when the fund units are returned. The proportion of redemption expenses included in the fund property shall be set in accordance with relevant laws and regulations
See the prospectus. The part not included in the fund property is used to pay the registration fee and other necessary formalities
Fees.
6. The specific calculation method, redemption rate and redemption amount of the Fund's subscription rate and subscription units are as follows:
The calculation method and charging method of the fund shall be determined by the fund manager in accordance with the provisions of the fund contract, and shall be stated in the prospectus
Listed in the book. The fund manager may adjust the rate or charging method within the scope agreed in the fund contract, and
In accordance with the relevant provisions of the Information Disclosure Measures, the new rate or charging method shall be submitted to the regulatory media later than the implementation date of the new rate or charging method
Introduce the announcement.
7. In case of large amount purchase or redemption of the Fund, the Fund Manager may use the swing pricing machine
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws and regulations and
Provisions of regulatory authorities and self-discipline rules.
8. The fund manager may, without violating the provisions of laws and regulations and the fund contract
Make fund promotion plans according to market conditions without material adverse effects, regularly or irregularly
Carry out fund promotion activities. During the fund promotion activities, after performing the necessary procedures as required by the relevant regulatory authorities,
The fund manager may appropriately lower the sales rate of the fund.
7、 Refusal or suspension of subscription
In case of the following circumstances, the Fund Manager may refuse or suspend accepting the subscription application of investors:
1. The Fund cannot operate normally due to force majeure;
2. When the valuation of fund assets is suspended as stipulated in the fund contract;
3. The securities/futures exchange or foreign exchange market is suspended abnormally during trading hours, which causes the fund manager to be unable to
Calculate the net asset value of the Fund on the current day;
4. Accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders;
5. The scale of fund assets is too large, which makes the fund manager unable to find suitable investment varieties, or other
It can have a negative impact on the performance of the Fund, or other circumstances that damage the interests of existing fund share holders occur;
6. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
If the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After the subscription, the fund manager shall suspend accepting the application for fund subscription;
7. The Fund Manager's acceptance of certain or certain subscription applications may lead to a single investor holding the Fund
The proportion of shares reaches or exceeds 50%, or evades 50% concentration in disguised form. Laws and regulations or
Unless otherwise stipulated by the CSRC;
8. The abnormal conditions of the fund manager, fund custodian, fund sales agency or registration agency lead to
The gold sales system, fund registration system or fund accounting system cannot operate normally;
9. The trading quota of Hong Kong Stock Connect is insufficient;
10. The Fund Manager's acceptance of the subscription application of some investors will result in such investors' violation of the applicable
Laws, regulations or rules, which may damage the interests of the Fund or the Fund Unitholders;
11. Other circumstances stipulated by laws and regulations, recognized by the CSRC or stipulated in the fund contract.
The Fund Manager decides to suspend the subscription in one of the above items 1, 2, 3, 5, 6, 8, 9 and 11
When the application for subscription is suspended, the Fund Manager shall publish it on the prescribed media in accordance with relevant regulations
Suspension of subscription announcement. If the investor's application for subscription is rejected in whole or in part, the rejected subscription amount
The principal 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
Business handling.
8、 Circumstances of suspending redemption or delaying payment of redemption money
Under the following circumstances, the Fund Manager may suspend accepting the redemption application of investors or postpone the payment of redemption
Payment:
1. The Fund Manager is unable to pay the redemption amount due to force majeure;
2. When the valuation of fund assets is suspended as stipulated in the fund contract;
3. The securities/futures exchange or foreign exchange market is suspended abnormally during trading hours, which causes the fund manager to be unable to
Calculate the net asset value of the Fund on the current day;
4. Large amount 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 Manager may suspend accepting redemption applications of fund unit holders;
6. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
If the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After recognition, the Fund Manager shall postpone the payment of redemption funds or suspend the acceptance of fund redemption applications;
7. Other circumstances stipulated by laws and regulations, recognized by the CSRC or agreed in the fund contract.
When one of the above circumstances occurs and the Fund Manager decides to suspend the redemption or postpone the payment of redemption money, the Fund
The Manager shall report to the CSRC for filing as required, and the Fund Manager shall pay in full the confirmed redemption application;
If the payment cannot be made in full for the time being, the payable part shall be distributed according to the proportion of the application amount of a single account in the total application amount
To the redemption applicant, the unpaid part can be postponed. In case of the situation mentioned in item 4 above
Handling of relevant terms of the same. When applying for redemption, fund share holders may choose in advance that they may not receive
It shall be cancelled in part. When the suspension of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner
Handling and announcement.
9、 Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the Fund
After deducting the total number of subscription application units from the total number of transfer out application units during conversion and the transfer in application units during fund conversion
If the balance after the total amount exceeds 10% of the total fund shares on the previous opening day, it is deemed that a huge redemption has occurred.
2. Treatment method of huge redemption
In case of a huge redemption of the fund, the fund manager can decide according to the current asset portfolio of the fund
Full redemption, partial deferred redemption or suspended redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors,
Follow normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or
The realization of property for the purpose of paying the redemption application of investors may cause a large impact on the net asset value of the fund
In case of fluctuation, the redemption ratio accepted by the fund manager on the same day shall not be less than 10% of the total fund shares on the previous open day
Under the premise of, the remaining redemption applications can be postponed. For the redemption application on that day, it should be based on a single account
The proportion of redemption application amount in the total redemption application amount, and the redemption unit accepted on that day shall be determined; For the non redeemable part
The investor can choose to postpone or cancel the redemption when submitting the redemption application. Those who choose to postpone redemption,
Will automatically transfer to the next business day to continue redemption until all redemption; If redemption is selected, the current day
Some redemption applications that have not been accepted will be cancelled. The deferred redemption application is together with the redemption application on the next open day
Processing, no priority and the redemption amount is calculated based on the net value of fund units on the following open day, and so on,
Until all redemption. If the investor fails to make a clear choice when submitting the redemption application, the investor fails to redeem
Some will be automatically postponed for redemption. Some deferred redemptions are not limited by the minimum amount of single redemption.
(3) If the Fund is redeemed in a large amount and the redemption application of a single fund unit holder exceeds the previous amount
20% of the total fund shares on the release date, and the fund manager has the right to exceed 20% of the individual fund share holders in advance
For the above partial redemption applications, the Fund Manager will only accept less than 20% of its total fund shares
(including 20%) as the effective redemption application of the day, when the fund manager believes that it is able to pay investors
When applying for full redemption, the normal redemption procedure shall be followed. When the fund manager thinks that the redemption application of the investor should be paid
Please have difficulties or think that the realization of property due to the payment of redemption application of investors may affect the fund assets
When the net value causes large fluctuations, the redemption ratio accepted by the fund manager on the day shall not be lower than the total fund on the previous open day
Under the premise of 10% of the shares, the remaining redemption applications can be postponed. Deferred redemption application and next opening
Daily redemption applications shall be processed together, without priority and calculated based on the net value of such fund units on the following open day
Redemption amount, and so on, until all redemption. If the deferred part is to be redeemed
Some of the accepted redemption applications will be cancelled. 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.
(4) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), such as the fund manager
If it deems necessary, it may suspend accepting the redemption application of the Fund; The accepted redemption application can postpone the payment of redemption
The repayment shall not exceed 20 working days and shall be announced on the specified media.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of the transaction, the Fund Manager shall mail, fax or call
Other methods specified in the Prospectus shall notify the fund share holders within three trading days, stating the relevant processing party
And publish an announcement on the specified media within 2 days.
10、 Announcement of suspension of subscription or redemption and announcement of reopening subscription or redemption
1. In case of the above suspension of subscription or redemption, the Fund Manager shall specify the media within the specified period
The suspension notice is published on the website.
2. If the suspension occurs for one day, the Fund Manager shall, on the reopening day
Publish the announcement of subscription or redemption of the reopening of funds, and publish the net value of fund units on the latest open day.
3. If the suspension time exceeds 1 day, the Fund Manager may determine by itself in accordance with the Information Disclosure Measures
The increase in the number of announcements, but the Fund Manager must re publish them on the specified media in accordance with the Information Disclosure Measures
Open the announcement of subscription or redemption, and announce the net value of various fund units on the latest opening day; Or based on facts
The time for reopening subscription or redemption shall be specified in the suspension notice in case of the actual situation, and there will be no need to issue a new notice at that time
Open announcements.
11、 Fund conversion
The Fund Manager may decide to open the Fund in accordance with relevant laws and regulations and the provisions of the Fund Agreement
For the conversion business with other funds managed by the fund manager, a certain conversion fee may be charged for fund conversion,
The relevant rules shall be formulated and announced by the Fund Manager in accordance with relevant laws and regulations and the provisions of this Fund Agreement,
And inform the Fund Custodian and relevant institutions in advance.
12、 Non trading transfer of funds
Non transaction transfer of funds refers to the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
Non transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations, or
Conduct in accordance with relevant laws and regulations or the way required by the competent authorities of the state. Regardless of the above
Under such circumstances, the subject receiving the transfer must be the 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 means that fund share holders donate their legally held fund shares to welfare foundations or societies
Association; Judicial enforcement means that the judicial authority holds
Fund units are forcibly transferred to other natural persons, legal persons or unincorporated organizations. Must be provided for non transaction transfer
Relevant materials required to be provided by the fund registration authority shall be registered as per the fund for qualified non transaction transfer applications
It shall be handled according to the regulations of the institution and charged according to the standards stipulated by the fund registration institution.
13、 Custody transfer of funds
Fund share holders can handle the transfer of custody of their held fund shares between different sales institutions
A sales agency may collect the transfer custody fee according to the prescribed standards.
14、 Fixed investment plan
The Fund Manager may handle regular and quota investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager
Line regulations. The investor can agree on the amount of deduction in each period when handling the fixed investment plan
The amount must not be less than the fixed amount specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the investment plan.
15、 Freeze, unfreeze and pledge of fund shares
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authorities of the state according to law, and
Freezing and unfreezing under other circumstances recognized by the registration authority and in compliance with laws and regulations. Fund account or fund share
If it is frozen, the rights and interests generated by the frozen part will be frozen together, and the frozen share will still participate in income distribution
And payment, unless otherwise stipulated by laws and regulations.
If relevant laws and regulations allow the fund manager to handle the pledge business of fund units or other fund businesses,
The Fund Manager will formulate and implement the Fund Management Plan on the premise that there is no material adverse impact on the interests of the Fund Unitholders
Corresponding business rules.
16、 Transfer of Fund Units
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders
The application for share transfer through the trading place or trading method recognized by the CSRC shall be submitted by the registration authority
Handle the transfer registration of fund units. If the Fund Manager intends to accept the transfer of fund units, it will make an announcement in advance,
Fund unit holders shall handle the transfer of fund units in accordance with the business rules announced by the Fund Manager.
17、 Subscription and redemption of the Fund during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the subscription and redemption arrangements of the Fund are detailed in the Prospectus or relevant companies
Notice.
18、 The Fund Manager may, within the scope permitted by laws and regulations
Supplement and adjust the above subscription and redemption arrangements according to market conditions and advance
Notice.
Part VII Parties to the Fund Contract and Their Rights and Obligations
1、 Fund manager
（1） Profile of the Fund Manager
Name: Morgan Fund Management (China) Co., Ltd
Domicile: Floor 42 and 43, No. 479, Lujiazui Ring Road, China (Shanghai) Pilot Free Trade Zone
Legal representative: Wang Qionghui
Date of establishment: May 12, 2004
Approval authority and approval document number: CSRC ZJZ [2004] No. 56
Organizational form: limited liability company
Registered capital: RMB 250 million
Duration: continuous operation
Tel: 021-20628000
（2） Rights and obligations of the Fund Manager
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Manager include
But not limited to:
(1) Raising funds according to law;
(2) As of the effective date of the Fund Contract, it shall be used independently in accordance with laws and regulations and the Fund Contract
And manage the fund assets;
(3) Collect fund management fees in accordance with the Fund Contract and the provisions of laws and regulations or approved by the CSRC
Other approved expenses;
(4) Sale of fund shares;
(5) Convene the general meeting of fund unit holders in accordance with the provisions;
(6) Supervise the Fund Custodian in accordance with the Fund Contract and relevant laws and regulations
If a person violates the Fund Contract and relevant national laws and regulations, he shall report it to the CSRC and other regulatory authorities,
And take necessary measures to protect the interests of fund investors;
(7) Nominate a new Fund Custodian when the Fund Custodian changes;
(8) Select and replace the fund sales agency, supervise and deal with the relevant acts of the fund sales agency
Reason;
(9) Act as or entrust other qualified institutions to act as fund registration agencies to handle fund registration business
And obtain the fees specified in the Fund Contract;
(10) Determine the distribution plan of fund income in accordance with the Fund Contract and relevant laws and regulations;
(11) Reject or suspend the acceptance of subscription, redemption and conversion applications within the scope agreed in the Fund Contract
Please;
(12) Exercising shareholders' rights against the invested company for the benefit of the fund in accordance with laws and regulations, and for the benefit of the fund
To exercise the rights arising from the investment of the Fund's assets in securities;
(13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
(14) Exercising litigation rights on behalf of fund share holders in the name of the fund manager; or
Performing other legal acts;
(15) Based on the selection and replacement of law firms, accounting firms, securities/futures brokers or others
External institutions providing services;
(16) Formulate and adjust relevant fund subscription, subscription
Redemption, conversion, non trading transfer and other business rules;
(17) Under any of the following circumstances, the Fund Manager has the right to
Relevant risk management measures are required by laws and regulations:
1) Fund share holders are listed in the list issued by the competent authorities of China or required by the People's Bank of China to pay attention to
List of terrorist organizations and personnel; United Nations, other international organizations, other countries (regions)
List of sanctions resolutions issued and recognized by China; Found by the fund manager in the money laundering risk management
List of organizations or personnel to be monitored;
2) The fund share holder is engaged in money laundering, terrorist financing or other illegal and criminal acts, or has reasonable
If the fund share holder is suspected of being involved in money laundering, terrorist financing or other illegal and criminal acts, the fund share holder is required to
The fund share holder provided relevant materials such as identity certification, transaction legitimacy and authenticity, but the fund share holder did not agree
Refuse to cooperate for reasonable reasons;
3) The authenticity, validity and integrity of the basic information previously obtained about the identity of fund share holders
In case of doubt and the Fund Unitholder refuses to cooperate with the Manager to re identify the client's identity without reasonable reason
The assessment is beyond the risk management capability of the fund manager.
(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 not limited to:
(1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle
The sale, subscription, redemption and registration of fund units;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and operate in the principle of good faith, prudence and diligence
Use of fund assets;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making, so as to be professional
Management and operation of fund assets;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure that the assets of the fund under management and the assets of the fund manager are independent of each other, and to separate the different funds under management
Management, separate bookkeeping and securities investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
Do not entrust a third person to operate the fund property if they seek benefits for themselves or any third person;
(7) Accept the supervision of the Fund Custodian according to law;
(8) Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The method shall comply with the provisions of the Fund Contract and other legal documents, and the net value of the Fund shall be calculated and announced in accordance with the relevant provisions,
Determine the price of subscription and redemption of fund units;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Information disclosure and
Reporting obligations;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure
Disclose to others, but at the request of regulatory authorities, judicial authorities and other competent authorities, or due to audit, law, etc
Except when the professional consultants of the Ministry need to provide services;
(13) Determine the fund income distribution plan according to the Fund Contract, and hold the fund shares in a timely manner
Distribution of fund income by people;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law, or to cooperate with the fund custodian and fund unit holders;
(16) Keep the accounting books, statements, records and other relevant information of fund property management business activities as required
The relevant information has been for more than 20 years, and the provisions of laws, regulations or regulatory rules shall prevail if they are otherwise provided;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and
To ensure that investors can check the information related to the Fund at any time according to the time and method specified in the Fund Contract
Disclose materials and obtain copies of relevant materials at reasonable cost;
(18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation
Realization and distribution;
(19) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And notify the Fund Custodian;
(20) Loss or damage to fund assets due to violation of the Fund Contract
When he/she has rights and interests, he/she shall be liable for compensation, and his/her liability for compensation shall not be exempted by his/her retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the Fund Custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall hold
The interests of the Fund Custodian shall be recovered from the Fund Custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Take responsibility for the behavior of financial affairs;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise the right of litigation or enforce its
Other legal acts;
(24) The Fund Manager fails to meet the filing conditions of the Fund during the raising period, and the Fund Contract cannot
Effective, the fund manager shall bear all the raising costs, and add the raised funds to the agreed bank demand deposit for the same period
The interest (after tax) shall be returned to the fund subscriber within 30 days after the end of the fund raising period;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Perform customer due diligence in accordance with China's laws and administrative regulations on anti money laundering and anti-terrorism financing
Check, suspicious transaction report, customer risk rating, list screening and other obligations, and keep relevant information according to regulatory regulations
Identity information and data, and customer identity data obtained by performing anti money laundering and anti-terrorism financing obligations according to law
And transaction information shall be kept confidential;
(28) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Fund Custodian
（1） Profile of Fund Custodian
Name: Industrial and Commercial Bank of China Limited
Address: No. 55, Fuxingmennei Street, Xicheng District, Beijing
Legal representative: Chen Siqing
Time of establishment: January 1, 1984
The establishment approval authority and the establishment approval document number:
Decision on Administrative Functions (GF [1983] No.146)
Organizational form: limited liability company
Registered capital: 356406257089 yuan
Duration: continuous operation
Approval document and document number of fund custody qualification: ZJJZ [1998] No. 3 of China Securities Regulatory Commission
（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 not limited to:
(1) As of the effective date of the Fund Contract, it shall be safe in accordance with laws, regulations and the provisions of the Fund Contract
Custody of fund assets;
(2) Obtain fund custody fees, laws and regulations or regulatory approval in accordance with the Fund Contract
Other approved expenses;
(3) To supervise the investment operation of the Fund Manager in the Fund, and if it is found that the Fund Manager has violated the Basic Law of the People's Republic of China
The fund contract and national laws and regulations have caused significant losses to the fund property and the interests of other parties
The situation shall be reported to the CSRC and necessary measures shall be taken to protect the interests of fund investors;
(4) Open capital account, securities account and futures settlement account for the fund according to relevant market rules
And other accounts required for investment, and clearing securities and futures trading funds for the Fund;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include
But not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) A special fund custody department shall be set up, with satisfactory business premises and sufficient
Qualified full-time personnel familiar with fund custody business, responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure the safety of the fund property and ensure that the fund property under its custody is different from the fund custodian's own property and
Fund assets are independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, and manage accounts separately,
Ensure that different funds are independent from each other in terms of account setting, fund transfer, account book recording, etc;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek benefits for oneself and any third party, it is not allowed to entrust a third party to trust the fund property;
(5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
(6) Opening fund accounts, securities accounts, futures settlement accounts and other investment houses of fund assets as required
In accordance with the provisions of the Fund Contract and the investment instructions of the Fund Manager, the required account shall be cleared in a timely manner
Closing matters;
(7) Keep fund business secrets, unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
In addition to the regulations, the fund information shall be kept confidential before public disclosure and shall not be disclosed to others, but shall be subject to
Required by competent authorities such as legal authorities, or required by external professional consultants such as audit and law
Except in the circumstances;
(8) Review and review the net fund asset value, net fund share value and fund share calculated by the fund manager
Amount of subscription and redemption price;
(9) To handle information disclosure related to fund custody business activities;
(10) To issue opinions on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund, stating that
Specify whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Contract; If
If the Fund Manager fails to implement the provisions of the Fund Contract, it shall also state whether the Fund Custodian has taken
Appropriate measures have been taken;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities for 20 years
If laws and regulations or regulatory rules provide otherwise, their provisions shall prevail;
(12) Receive and keep the register of fund unit holders from the fund manager or its entrusted registration institution;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund share holders or to cooperate with the fund manager and fund share holders to convene a general meeting of fund share holders in accordance with the law;
(16) Supervise the investment operation of the Fund Manager in accordance with laws and regulations and the provisions of the Fund Contract;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and
Distribution;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
Liability will not be relieved by his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
The Fund Manager shall be the Fund Unitholder in case of any loss of fund property due to violation of the Fund Contract
The interests shall be recovered from the fund manager;
(21) Implement the effective resolutions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
3、 Fund share holders
The fund investor's holding of the fund shares of the Fund shall be deemed as the recognition and acceptance of the Fund Contract,
The fund investor will become the fund share holder and the fund investor will become the fund share holder
The parties to the Fund Agreement until they no longer hold the Fund units of the Fund. The Fund Unitholders shall serve as the Fund Unitholders
The parties to the Fund Contract shall not be required to sign or seal the Fund Contract in writing.
Unless otherwise stipulated by laws and regulations or the Fund Contract, each fund unit of the same category has
Equal legal rights and interests.
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) 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
Exercise the right to vote on matters under consideration;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) The legal rights and interests of the fund manager, fund custodian and fund service institution shall be harmed in accordance with
Legal action or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders
Including but not limited to:
(1) Carefully read and abide by the Fund Contract, Prospectus and other information disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the fund investment
Value, make investment decisions independently and bear investment risks independently;
(3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
(4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
(5) Undertaking fund losses or terminating the Fund Contract within the scope of fund units held by them
Limited liability;
(6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund Contract;
(7) Implement the effective resolutions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) Cooperate to provide information and identity documents required by laws and regulations, and cooperate with investors to complete
Appropriateness management, due diligence on tax related information of non resident financial accounts, anti money laundering, anti-terrorism financing and other supervision
Specified work;
(10) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
Part VIII General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Unless otherwise specified by laws and regulations or this Fund Contract
Unless otherwise agreed, each fund unit held by the fund unit holder shall have equal voting rights.
The general meeting of the Fund Unitholders has not established a daily body. During the duration of the Fund
For operational needs, the general meeting of fund share holders may set up daily institutions, and the establishment and operation of daily institutions shall
In accordance with relevant laws and regulations and the provisions of the CSRC.
1、 Reason for convening
1. Unless otherwise specified by laws and regulations, the CSRC and the fund contract
A general meeting of fund unit holders shall be convened for any of the following reasons:
(1) Terminate the Fund Contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Adjust the remuneration standards of the Fund Manager and the Fund Custodian or increase the sales service fees;
(6) Change of fund category;
(7) The merger of the Fund with other funds;
(8) Change the investment objective, scope or strategy of the Fund;
(9) Change the procedures of the general meeting of fund unit holders;
(10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
(11) Fund shares that individually or collectively hold more than 10% (including 10%) of the total fund shares
The amount holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) writes about the same matter
To request the convening of a general meeting of fund share holders;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) Other fund units that shall be convened as required by laws and regulations, the Fund Contract or the CSRC
Matters of the general meeting of shareholders.
2. Within the scope stipulated by laws and regulations and the Fund Contract, and for the benefit of fund share holders
On the premise that there is no material adverse effect, the following circumstances may be revised after consultation between the Fund Manager and the Fund Custodian
It is unnecessary to hold a general meeting of fund share holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate of the Fund, lower the sales service fee, change the charging method, and adjust the Fund
Share category setting;
(3) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(4) The amendment to the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment
The change does not involve significant changes in the rights and obligations of the parties to the Fund Contract;
(5) Fund managers, sales agencies and registration agencies adjust the purchase, redemption, conversion
Rules for non transaction transfer, custody transfer and other businesses;
(6) Launch new business or services after performing appropriate procedures;
(7) If it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
His situation.
2、 Convener and convening method
1. Unless otherwise stipulated in laws and regulations or the Fund Agreement, the general meeting of fund share holders shall be held by
Convening by the fund manager;
2. If the Fund Manager fails to convene or cannot convene the meeting as required, the Fund Custodian shall convene the meeting;
3. If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall report to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days after receiving the written proposal,
And notify the Fund Custodian in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; If the Fund Manager decides not to convene the meeting and the Fund Custodian still considers it necessary, the Fund Custodian shall
The fund custodian shall convene the meeting on its own and notify the fund manager within 60 days from the date of issuing the written decision,
The Fund Manager shall cooperate;
4. The fund share holders representing more than 10% (including 10%) of the fund shares shall submit a written request on the same matter
A written proposal shall be submitted to the Fund Manager for convening a general meeting of Fund Unitholders. The Fund Manager shall
Decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and notify the proposed fund units in writing
The holder's representative and the fund custodian. If the fund manager decides to convene the meeting, it shall start from the date of issuing a written decision
Held within 60 days; The Fund Manager decides not to convene the meeting, which represents the basis of more than 10% (including 10%) of the Fund shares
If the gold share holders still think it necessary to hold the meeting, they shall submit a written proposal to the Fund Custodian. Fund Custody
People shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and inform the basis of the proposal in writing
Representatives of gold share holders and fund managers; If the Fund Custodian decides to convene the meeting, it shall issue a written decision
Held within 60 days from the date of. And inform the Fund Manager that the Fund Manager shall cooperate;
5. Fund share holders representing more than 10% (including 10%) of the fund shares request to call
If a general meeting of fund unit holders is held and neither the fund manager nor the fund custodian convenes it, it shall be held separately or jointly
Form The fund share holders with more than 10% (including 10%) of the fund shares have the right to convene at least 30 days in advance
Daily report to China Securities Regulatory Commission for filing. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law
The Fund Manager and the Fund Custodian shall cooperate and shall not obstruct or interfere;
6. The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and right of the meeting
Registration date.
3、 Time, content and method of notice for convening the general meeting of fund unit holders
1. To convene a general meeting of fund share holders, the convener shall, 30 days before the meeting
Notice. The notice of the general meeting of fund share holders shall at least contain the following contents:
(1) Time, place and form of the meeting;
(2) Matters to be considered, procedures and voting methods at the meeting;
(3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
(4) Requirements for the content of the authorization certificate (including but not limited to the identity, authority and proxy of the agent)
The time and place of delivery;
(5) Name and telephone number of the permanent contact person for conference affairs;
(6) Documents that must be prepared and procedures that must be performed by the attendees;
(7) Other matters to be notified by the convener.
2. In case of communication meeting and voting, the convener of the meeting shall decide to notify the meeting
The specific means of communication adopted by the National People's Congress of the Fund Unitholders, the entrusted notary authority and its copy
Method and contact person, deadline for submission of voting opinions and collection method.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to check the statement at the designated place
Supervise the vote counting of the decision; If the convener is the fund custodian, it shall notify the fund manager in writing separately
Go to the designated place to supervise the counting of votes; If the convener is the fund share holder, it shall be separately
Inform the Fund Manager and the Fund Custodian in writing to go to the designated place to supervise the counting of votes. fund
If the manager or fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect of.
4、 Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may be held by means of on-site meeting, communication meeting or laws, regulations and supervision
Other methods allowed by the institution shall be adopted, and the convening method of the meeting shall be determined by the convener.
1. On site meeting. Appointed by the Fund Unitholders in person or by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site opening
The agenda of the general meeting of Fund Unitholders may be held when the following conditions are met simultaneously:
(1) Certificates of fund units held by those who attend the meeting in person, and principals issued by those entrusted to attend the meeting
The certificate of holding fund shares and the certificate of proxy voting authorization of the trustor comply with laws and regulations
And the provisions of the notice of the meeting, and the vouchers for holding fund shares and the registration materials held by the fund manager
Conformity;
(2) After verification, the voucher presented by the participants for holding fund units on the equity registration date shows that,
The effective fund units shall not be less than one-half (including one-half) of the total fund units of the Fund on the equity registration date
1） . If the effective fund units represented by the participants on the equity registration date are less than the base of the Fund on the equity registration date
1/2 of the total fund units, the convener may hold the fund unit holders' meeting at 3
The General Meeting of Fund Unitholders shall be reconvened within six months after the expiration of six months on the matters originally scheduled for deliberation. Recall
The effective fund units represented by the participants of the general meeting of fund unit holders on the equity registration date shall not be less than
One third (including one third) of the total fund shares of the Fund on the equity registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders submit their votes on voting matters in writing
Form or other means specified in the announcement of the meeting shall be delivered to the address designated by the convener or
System. The communication meeting shall vote in writing or in other ways specified in the announcement of the meeting.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
(1) The convener of the meeting shall publish the notice of the meeting in accordance with the Fund Contract, and within 2 working days
Continue to publish relevant advisory announcements;
(2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener,
The fund manager) to the designated place to supervise the counting of votes. The convener of the meeting is in Kikinto
The custodian (or the fund manager if the fund custodian is the convener) and the notary organ shall, under the supervision of the
Collect the voting opinions of fund share holders in the manner specified in the notice of discussion; The Fund Custodian or Fund Manager
If a notice is given not to participate in the collection of voting opinions, the voting effect shall not be affected;
(3) If he/she directly issues voting opinions or authorizes others to issue voting opinions, the fund shares
The fund shares held by someone shall not be less than half (including half) of the total fund shares on the equity registration date
1） ; If I directly give a vote or authorize another person to give a vote on behalf of the fund share holder
If the fund units held are less than half of the total fund units on the equity registration date, the convener may make an announcement in the original
Within 3 months and 6 months after the time of holding the general meeting of fund unit holders of
Convene a new general meeting of fund unit holders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
One or more (including one third) holders of fund units directly issue voting opinions or authorize others to issue voting opinions
Voting opinions;
(4) Fund unit holders or entrusted representatives who directly issue voting opinions in Item (3) above
The agent who issues the voting opinion, the certificate of holding the fund unit submitted at the same time, and the agent entrusted to issue the voting opinion
The certificate issued by the agent that the principal holds fund shares and the certificate of proxy voting authorization of the principal
Comply with laws and regulations, the Fund Contract and the notice of the meeting, and comply 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 or telephone
Or in other ways, the Fund Unitholders can use written, online, telephone or other ways to conduct the form
The specific method shall be determined by the convener of the meeting and listed in the notice of the meeting.
4. If the fund share holder authorizes others to attend the meeting and vote on his behalf, the authorization may be in writing
In face, network, telephone or other ways, 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
Change, decide to terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, and cooperate with other funds
And other matters stipulated by laws and regulations and the Fund Contract, as well as the convener of the meeting thinks it is necessary to submit funds
Other matters discussed at the general meeting of shareholders.
After the convener of the general meeting of fund unit holders issues the notice of convening the meeting, the amendment to the original proposal shall
It shall be announced in time before the general meeting of fund share holders is held.
The meeting of the fund unit holders' congress may not vote on the contents of the proceedings that have not been announced in advance.
2. Proceedings
(1) On site meeting
In the form of on-site meeting, the presider of the meeting shall first determine and publish
The supervisor shall then read out the proposal by the presider of the meeting, vote after discussion, and form the resolution of the meeting.
The presider of the meeting is the representative authorized by the fund manager to attend the meeting, but the authorized representative of the fund manager fails to preside
In the case of a general meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If authorized by the Fund Manager
If neither the representative nor the authorized representative of the Fund Custodian can preside over the meeting, the Fund Unitholders and
More than 50% (including 50%) of the voting rights held by the agent shall elect a fund share holder as this time
The chairperson of the general meeting of fund share holders. The Fund Manager and the Fund Custodian refuse to attend or preside over the Fund
The general meeting of fund share holders shall not affect the validity of the resolutions made at the general meeting of fund share holders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants shall be recorded in the signature book
(or unit name), ID document number, fund shares held or represented with voting rights, and principals
Name (or unit name) and contact information.
(2) Communication meeting
In the case of a communication meeting, the convener shall first announce the proposal 30 days in advance, and then vote on it
Within 2 working days after the deadline, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the organ.
6、 Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
1. The general resolution shall be subject to the form held by the fund share holders or their agents attending the meeting
More than half (including half) of the voting rights are valid only after passing; Except as provided in the second item below
Matters other than those passed by special resolution shall be passed by general resolution.
2. Special resolution, which shall be held by fund share holders or their agents attending the meeting
It can be made only after being approved by more than two-thirds (including two-thirds) of the voting rights. In addition to laws and regulations, China Securities Regulatory Commission
Unless otherwise specified or otherwise specified in the Fund Contract, change the operation mode of the Fund, change the Fund Manager, or
The Fund Custodian, the termination of the Fund Contract, and the merger with other funds shall be effective only when a special resolution is passed.
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 when counting votes, submit
The voting for confirming the investor's identity document in accordance with the provisions of the notice of the meeting shall be deemed as effective attendance of investors
The voting opinions that meet the requirements of the notice of meeting shall be deemed as valid voting, and the voting opinions that are ambiguous or contradictory shall be deemed as valid voting
It means abstention from voting, but shall be included in the total number of fund units represented by the fund unit holders who issue voting opinions.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be separated
Review and vote item by item.
7、 Vote counting
1. On site meeting
(1) If the general meeting is convened by the Fund Manager or the Fund Custodian, the general meeting of the Fund Unitholders shall be presided over
At the beginning of the meeting, it shall be announced that two fund share holders and agents present at the meeting shall elect
The representative of the gold share holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the General Assembly is based on
Although the fund share holders themselves or the general meeting is convened by the fund manager or the fund custodian, the fund management
If the Manager or Fund Custodian fails to attend the meeting, the chairperson of the meeting of Fund Unitholders shall be present at the beginning of the meeting
Later, it was announced that three representatives of fund share holders were elected among the fund share holders present at the meeting to supervise the votes
People. The absence of the Fund Manager or the Fund Custodian from the meeting shall not affect the effectiveness of vote counting.
(2) The scrutineers shall count the votes immediately after the fund share holders vote and the chairman of the meeting shall act as
The results of the vote counting will be announced on the spot.
(3) If the chairman of the meeting or the fund share holder or agent has any concerns about the voting results submitted
In case of doubt, the number of votes required can be counted again immediately after the announcement of the voting results. The scrutineer shall
Re inventory is limited to one time. After re counting, the presider of the meeting shall announce the re counting on the spot
Point results.
(4) The vote counting process shall be notarized by a notary office, and the fund manager or fund custodian refuses to attend
The validity of counting votes shall not be affected by the decision of the General Assembly.
2. Communication meeting
In the case of a communication meeting, the method of counting votes is: two supervisors authorized by the convener of the general meeting are in the fund
Supervised by the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
The counting process shall be notarized by the notary office. The Fund Manager or the Fund Custodian refuses to appoint a representative
If the voting table supervises the counting of votes, it shall not affect the counting and voting results.
8、 Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC within 5 days from the date of adoption
keep on record.
The resolution of the general meeting of fund share holders shall take effect from the date of voting.
The resolution of the general meeting of fund share holders shall, as of the effective date, be subject to the provisions of the Information Disclosure Measures
Announcements on the media. If voting is conducted by means of communication, when announcing the resolution of the general meeting of fund share holders,
The full text of the notarial certificate, the name of the notary office and the notary must be announced together.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
9、 Special agreement of the general meeting of fund share holders during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the proportion of relevant fund units or voting rights refers to the holders of main pocket units
The fund shares or voting rights held or represented by and side pocket unit holders respectively conform to such proportion, but if relevant
If the matters to be convened and deliberated at the general meeting of fund share holders do not involve side pocket accounts, they only refer to the main pocket share holders
The fund shares or voting rights held or represented by the Company meet these proportions:
1. The Fund Unitholders need to exercise the right to propose, convene and nominate on behalf of the relevant individual or aggregate representatives
More than 10% (including 10%) of fund shares;
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than that of the Fund in Quanyideng
One half (including one half) of the relevant fund shares on the record date;
3. Fund units that directly issue voting opinions or authorize others to issue voting opinions in correspondence meetings
The fund units held by the holder shall not be less than half (including half) of the relevant fund units on the equity registration date
One);
4. When the Fund Unitholders who participate in the voting of the General Meeting of Fund Unitholders hold small Fund Units
On the equity registration date, half of the relevant fund units, the convener held the majority of the fund units in the original announcement
Fund unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at the general meeting of fund share holders;
5. More than 50% of the voting rights of fund share holders and proxies attending the meeting
(50% included) elect a Fund Unitholder to preside over the general meeting of Fund Unitholders
People;
6. General resolutions shall be subject to half of the voting rights held by fund share holders or their proxies attending the meeting
More than one half (including one half) passed;
7. The special resolution shall be subject to three votes held by the fund share holders or their agents attending the meeting
More than two thirds (including two thirds) passed.
During the implementation of the side pocket mechanism, the matters to be considered at the general meeting of fund share holders involve the main pocket account and the side pocket account
The fund share holders of the main pocket account and the side pocket account shall vote respectively
Each fund share of the same category within the shall have equal voting rights. If the voting matter does not involve the side pocket account
Bag account shares have no voting rights.
During the implementation of the side pocket mechanism, the relevant provisions on the general meeting of fund share holders shall be subject to the special provisions of this section
The provisions not specified in this section shall apply to the relevant provisions above.
10、 This part deals with the causes, conditions, procedures and voting of the general meeting of fund share holders
Conditions and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulations
If the amendment of the rules results in the cancellation or change of the relevant contents, the Fund Manager shall, upon consensus with the Fund Custodian
After performing appropriate procedures, the Fund may directly
It is not necessary to convene a general meeting of fund share holders to revise and adjust this part.
Part IX Conditions and Procedures for Replacement of Fund Manager and Fund Custodian
1、 Termination of duties of the Fund Manager and the Fund Custodian
（1） Circumstances of termination of the Fund Manager's duties
Under any of the following circumstances, the duties of the fund manager shall be terminated:
1. Having been disqualified from fund management according to law;
2. Dismissed by the general meeting of fund unit holders;
3. It is dissolved, canceled or declared bankrupt according to law;
4. Other circumstances stipulated by laws and regulations, CSRC and the Fund Contract.
（2） Circumstances of the termination of the duties of the Fund Custodian
Under any of the following circumstances, the duties of the Fund Custodian shall be terminated:
1. The fund custody qualification is canceled according to law;
2. Dismissed by the general meeting of fund unit holders;
3. It is dissolved, canceled or declared bankrupt according to law;
4. Other circumstances stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Procedures for replacement of the Fund Manager and the Fund Custodian
（1） Replacement procedure of fund manager
1. Nomination: The temporary fund manager shall hold more than 10% (including
10%) Fund unit holders of fund units shall solicit candidates for nomination of new fund managers. New Fund Management
The temporary fund manager and fund custodian hold more than 10% (including 10%) of the candidates nominated by
Composition of candidates nominated by fund share holders of fund units;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Manager
A resolution shall be made by the fund manager of
More than two thirds (including two thirds) of the votes are passed, and the resolution becomes effective from the date of voting;
3. Temporary Fund Manager: The temporary fund manager shall be managed by the fund before the new fund manager is appointed
Managers, fund custodians, and fund units holding more than 10% (including 10%) of fund units alone or in total
If someone has nominated, the CSRC will select the best candidate from the nominees and appoint temporary management according to the provisions of the Fund Law
People. Fund managers, fund custodians, individually or jointly holding more than 10% (including 10%) of fund shares
If the holders of fund units do not nominate, the CSRC shall appoint a temporary fund manager;
4. Filing: the resolution of the general meeting of fund share holders to select the fund manager must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Manager, the Fund Custodian shall change the Fund shares of the Fund Manager
After the resolution of the general meeting of shareholders takes effect, it shall be announced in the specified media in accordance with the provisions of the Information Disclosure Measures;
6. Handover and responsibility division: If the responsibilities of the fund manager are terminated, the fund manager shall properly keep the fund
Manage business information and transfer fund management business to temporary fund managers or new fund managers in a timely manner
The temporary fund manager or the new fund manager shall accept the procedures in a timely manner. Temporary fund manager or new
The Fund Manager shall check the total value and net value of the Fund's assets with the Fund Custodian. Fund manager, temporary fund management
The manager and the new fund manager shall be responsible for their respective performance of duties according to law;
7. Audit: if the duties of the fund manager are terminated, the fund manager shall employ an accountant in accordance with laws and regulations
The Institute shall audit the fund assets, announce the audit results, and report to the CSRC for filing
The expenses shall be disbursed from the fund assets;
8. Change of fund name: after the change of fund manager, if the original or new fund manager requires,
The name words related to the original fund manager in the fund name shall be replaced or deleted as required.
（2） Procedures for replacing the Fund Custodian
1. Nomination: The new Fund Custodian is held by the Fund Manager or more than 10% (including
10%) Nomination of fund unit holders of fund units;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Custodian
The Fund Custodian of
More than two thirds (including two thirds) of the votes are passed, and the resolution becomes effective from the date of voting;
3. Temporary Fund Custodian: Before the new Fund Custodian is appointed, the CSRC shall appoint a temporary fund custodian
Gold custodian;
4. Filing: the resolution of the general meeting of fund share holders to change the fund custodian must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Custodian, the Fund Manager shall change the Fund units of the Fund Custodian
After the resolution of the general meeting of shareholders takes effect, it shall be announced in the specified media in accordance with the provisions of the Information Disclosure Measures;
6. Handover: Where the duties of the fund custodian are terminated, the fund custodian shall properly keep the fund assets and the fund custody business
Information, timely handle the transfer procedures of fund assets and fund custody business, and appoint a new fund custodian or temporarily
The Fund Custodian shall take over in a timely manner. Check between the temporary fund custodian or the new fund custodian and the fund manager
The total value and net value of the Fund's assets;
7. Audit: If the duties of the Fund Custodian are terminated, the Fund Custodian shall employ an accountant in accordance with laws and regulations
The Institute shall audit the fund assets, announce the audit results, and report to the CSRC for filing
The expenses shall be disbursed from the fund assets.
（3） Conditions and procedures for simultaneous replacement of the Fund Manager and the Fund Custodian
1. Nomination: if the Fund Manager and the Fund Custodian change at the same time, the Fund will be held separately or jointly
Fund share holders with more than 10% (including 10%) of total shares nominate new fund managers and fund custody
People;
2. The replacement of the Fund Manager and the Fund Custodian shall be carried out in accordance with the above procedures respectively;
3. Announcement: The new Fund Manager and Fund Custodian shall change the Fund Manager and Fund Custodian
After the resolution of the general meeting of the Fund Unitholders of the custodian takes effect, it shall be submitted to the designated media in accordance with the provisions of the Information Disclosure Measures
Joint announcement on.
3、 New fund manager or temporary fund manager receives fund management business or new fund custodian
Or before the temporary fund custodian takes over the fund property and fund custody business, the original fund manager or fund custodian
It shall continue to perform relevant duties in accordance with laws and regulations and the Fund Contract, and ensure that it will not make any contribution to the Fund
The act of harming the interests of unit holders. The original fund manager or fund custodian is continuing to perform relevant
During his duties, he still has the right to collect fund management fees or fund custody fees in accordance with the provisions of the Fund Contract.
4、 The provisions of this Part on the conditions and procedures for the replacement of the Fund Manager and the Fund Custodian
References to laws, regulations or regulatory rules, such as the relevant contents caused by the modification of laws, regulations or regulatory rules in the future
In case of cancellation or change, the Fund Manager and the Fund Custodian shall, after reaching an agreement and performing appropriate procedures
Under the premise that the interests of gold share holders have no material adverse impact, the corresponding contents can be directly modified and adjusted
It is unnecessary to convene a general meeting of fund share holders for deliberation.
Part X Custody of the Fund
The Fund Custodian and the Fund Manager shall enter into a contract in accordance with the Fund Law, the Fund Contract and other relevant provisions
Escrow Agreement.
The purpose of entering into the custody agreement is to clarify the protection of fund assets between the fund custodian and the fund manager
Rights in management, investment operation, net value calculation, income distribution, information disclosure, mutual supervision and other related matters
Obligations and responsibilities to ensure the safety of fund assets and protect the legitimate rights and interests of fund share holders.
Part XI Registration of Fund Units
1、 Registration business of fund units
The registration business of the Fund refers to the registration, custody, transfer, clearing and settlement business of the Fund
Including establishment and management of investor's fund account, registration of fund shares, confirmation and liquidation of fund sales business
And clearing, distributing dividends on behalf of others, establishing and keeping the register of fund share holders and handling non trading transfer.
2、 Fund registration business handling agency
The registration business of the Fund is conducted by the Fund Manager or other qualified institutions entrusted by the Fund Manager
Handling. If the Fund Manager entrusts other institutions to handle the registration business of the Fund, it shall sign an entrustment agreement with the agent
Management agreement to clarify the fund manager and agency's management of the investor's fund account, fund share registration
The right to liquidate and confirm fund transactions, distribute dividends, establish and keep the register of fund share holders and other matters
And obligations to protect the legitimate rights and interests of fund share holders.
3、 Rights of the Fund Registrar
The fund registration authority has the following rights:
1. Registration fee;
2. Establish and manage investor fund accounts;
3. To keep account opening information, transaction information and register of fund unit holders;
4. Within the scope permitted by laws and regulations, the time for handling registration business shall be adjusted, and
The relevant regulations shall be announced on the specified media before implementation;
5. Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
4、 Obligations of the Fund Registrar
The fund registration authority shall undertake the following obligations:
1. Allocate enough professionals to handle the registration business of the Fund units;
2. Carry out the registration of the Fund units in strict accordance with the laws and regulations and the conditions specified in the Fund Contract
Service;
3. Properly keep the registration data, and specify the name, identity information and fund units of fund unit holders
The detailed data shall be backed up to the institution recognized by the CSRC, and its storage period shall not start from the date of cancellation of the fund account
Less than 20 years;
4. Having the obligation to keep confidential the fund account information of the fund share holder
Investors or funds shall bear corresponding compensation liability for losses incurred, but judicial compulsory inspection and laws
Except for other circumstances stipulated by laws and regulations, the CSRC and the Fund Contract;
5. Handle non trading transfer business for investors and provide
Other necessary services;
6. Accept the supervision of the fund manager;
7. Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
Part XII Investment of the Fund
1、 Investment objectives
On the basis of strict risk control, the Fund strives to achieve steady appreciation of fund assets.
2、 Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance or listing
Stocks, depositary receipts, Hong Kong stocks, bonds (including government bonds, central bank bills, financial bonds, enterprises
Industrial bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds, local government
Government bonds, convertible bonds, exchangeable bonds and other bonds allowed by the CSRC to invest), asset expenditure
Holding securities, bond repurchase, bank deposits, inter-bank deposit receipts, stock index futures, treasury bond futures, and laws and regulations or
Other financial instruments that the CSRC allows the fund to invest in (subject to the relevant provisions of the CSRC).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The proportion of the Fund's investment portfolio is: stocks, convertible bonds and exchangeable bonds in the Fund's investment portfolio
The total investment proportion of is 10% - 30% of the fund assets (of which the proportion invested in Hong Kong stocks is not
More than 50% of stock assets); The Fund deducts stock index futures and treasury bond futures contracts at the end of each trading day
After the transaction margin to be paid, hold cash (excluding the settlement reserve, deposit margin and subscription receivable
Or government bonds with a maturity of less than one year shall not be less than 5% of the net asset value of the fund. The Fund invests in
The proportion of interbank deposit receipts shall not exceed 20% of the fund assets. The Fund invests in convertible bonds (including separable bonds)
The proportion of convertible bonds and exchangeable bonds shall not be higher than 20% of the fund assets.
If permitted by laws and regulations or the CSRC, the fund manager may adjust
State the investment proportion of investment varieties.
3、 Investment strategy
The Fund will carry out asset allocation from top to bottom according to the macroeconomic, policy and market environment
Local and quantitative analysis methods select specific investment targets from the bottom up to obtain stable excess returns.
1. Asset allocation strategy
The Fund is mainly based on the macro economy, policy environment, interest rate trend, market technical indicators and market funds
Composition and liquidity, systematic risks to the securities market at the current stage and various categories in the future
Analyze and evaluate the risks and expected returns of assets, and combine the investment objectives and strategies of the Fund,
Comprehensively formulate the allocation proportion, allocation hub and adjustment range of the fund in various assets. In the future, with the development of macro economy
Economic, market environment, changes in investor structure and other factors may affect the asset allocation center of the fund
Adjust to achieve the long-term stable income goal of the Fund.
2. Stock investment strategy
The strategy of "bottom-up" selection of individual stocks is adopted, based on the basic knowledge of the company's internal research team on individual stocks
Through in-depth research and detailed field research, we can effectively tap stocks that are undervalued and have growth potential
Investors get returns that exceed the performance benchmark.
3. Investment strategy of depositary receipts
The Fund will base its investment value on the underlying securities in accordance with the Fund's investment objectives and stock investment strategies
To conduct in-depth research and judgment, and invest in depositary receipts.
4. Hong Kong stock investment strategy
The Fund may invest in the Hong Kong stock market through the Hong Kong Stock Connect mechanism. For Hong Kong stock investment, the Fund will
Make a preliminary judgment on Hong Kong listed companies based on macro fundamentals, including capital flows, and combine industrial trends
And the company's development prospects from the bottom to the top, from the company's business model, product innovation and competitiveness
The source of business income and regional distribution are considered in multiple dimensions to explore high-quality enterprises.
5. Bond investment strategy
The Fund will adopt duration management strategy, term structure allocation strategy, generic allocation strategy and other active investments
Strategies, under the premise of strict risk control, explore market investment opportunities, realize bond portfolio appreciation, and improve
Portfolio comprehensive income.
(1) Duration management strategy
The Fund will make judgments based on the analysis of macroeconomic conditions and monetary policies that affect bond investment
To predict the trend of interest rate changes in the future market, and then actively adjust the duration of bond asset portfolio,
In order to increase the yield of bond portfolio and reduce the interest rate risk of bond portfolio. Under the expected yield curve
The portfolio duration should be appropriately increased to share the rising yield of the bond market; When the expected yield curve moves up
In order to avoid the risk of decline in the bond market, the portfolio duration should be appropriately reduced.
(2) Term structure configuration strategy
After determining the duration of the bond portfolio, the Fund will study, analyze and predict the
Measure the possible shape change of the yield curve. In addition to considering systematic interest rate risk versus yield curve, the Fund
In addition to the influence of line shape, the influence of bond market micro factors on the yield curve will also be considered, such as historical maturity
Structure, new bond issuance, repo and market lending rate, etc., thus forming the change of yield curve in a certain stage
Expectation of the trend, timely use the riding strategy of tracking the yield curve or the sub strategy based on the change of the yield curve
Spring, barbell and trapezoid strategies are combined and dynamically adjusted.
(3) Generic configuration policy
The Fund will analyze the relative investment value of different bond types such as interest rate bonds and credit bonds,
Determine the allocation strategy of the bond category and make timely adjustment according to market changes, so as to select the matching target
Allocation proportion of bonds with duration and high holding period yield.
(4) Credit asset investment strategy
The Fund will deeply explore the investment value of credit assets and use the internal credit rating system to issue bonds
And its bonds, and analyze the risk of default in combination with the credit rating of external rating agencies
Insurance and reasonable credit spread level, judge the investment value of bonds, and carefully select bond issuers with good fundamentals
Investment in credit assets with favorable bond terms. The credit assets referred to include financial debt (policy finance
Corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds
Asset backed securities.
The Fund invests in credit assets rated AA (inclusive) and above, and the reference basis for credit rating determination
The credit rating issued by the rating agency selected by the financial manager (excluding the credit rating of China Bond) shall be in accordance with the rating
The debt rating issued by the agency shall be subject to the entity rating if there is no debt rating. The credit asset investment should meet the following ratios
For example, the proportion of investment in AA+credit assets shall not exceed 50% of credit assets. Investment in AAA
The proportion of Grade A credit assets shall not be less than 50% of credit assets, and the proportion of investment in Grade AA credit assets shall not
More than 20% of credit assets. During the period when the fund holds credit assets, if its credit rating declines and no longer meets
The investment standard shall be adjusted to meet the agreement within 3 months from the date of the rating report.
The Fund will conduct in-depth analysis on the market interest rate, terms of issue, composition of supporting assets and
Fundamental factors such as quality, prepayment rate, risk compensation income and market liquidity, and estimated risk of asset default
Insurance and prepayment risk, and simulate the cost of asset backed securities according to the income structure arrangement of asset securitization
The cash flow process of cash repayment and interest income is supported by the pricing model to assess its intrinsic value.
(5) Investment strategy of convertible bonds and exchangeable bonds
Convertible bonds (including separable trading convertible bonds) have the characteristics of both equity securities and fixed income securities
It has the characteristics of resisting downside risks and sharing the gains from rising stock prices. The choice of convertible bonds is combined with its debt
Property and equity characteristics, valuation analysis based on in-depth study of the company's fundamentals and convertible bond terms
Acquire stability by investing in convertible bonds with good fundamentals, high margin of safety and good liquidity
Return on investment.
The difference between exchangeable bonds and convertible bonds is that the shares exchanged during the exchange period are not new
The shares issued are the shares of other listed companies held by the issuer. Exchangeable bonds also have equity and
Debt nature, in which the debt nature is the same as that of convertible bonds, that is, to choose to hold exchangeable bonds to maturity to obtain face value
Value and nominal interest; For the analysis of stock nature, we should pay attention to the stock value of the target company. The Fund will adopt
The investment value analysis of the target company's stocks and the pure bond value analysis of exchangeable bonds are comprehensively carried out
Capital decision-making.
The investment proportion of convertible bonds (including separable trading convertible bonds) and exchangeable bonds shall not be higher than the fund assets
20% of production.
6. Investment strategy of stock index futures
When investing in stock index futures, the Fund will focus on hedging according to the principle of risk management
Purpose: to participate in the investment of stock index futures under the premise of controllable risk, so as to manage the systematic nature of the investment portfolio
Risk, improve the risk return characteristics of the portfolio. When the Fund invests in stock index futures, the hedging will
Futures contracts with good liquidity and active trading shall be adopted. The operation trend of the securities market and futures market will be
And combined with the pricing model of stock index futures to seek its reasonable valuation level.
7. Investment strategy of treasury bond futures
The Fund will invest in treasury bond futures with the main purpose of hedging in accordance with the principle of risk management
Combine the profitability and liquidity of the treasury bond trading market and futures market, and adopt strategies such as long or short positions
Operate to obtain excess returns.
In the future, with the development and enrichment of investment instruments in the securities market, the Fund can adjust and update relevant
Investment strategy, and announced in the prospectus update.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) Total investment ratio of stock assets, convertible bonds and exchangeable bonds in the Fund's investment portfolio
For example, 10% - 30% of fund assets (in which the proportion of shares invested in Hong Kong stocks is not more than stock assets
50%);
(2) At the end of each trading day, the Fund deducts the amount of stock index futures contracts and treasury bond futures contracts that need to be paid
After the transaction margin, keep the cash no less than 5% of the net asset value of the fund or the policy with the maturity date within one year
Government bonds, of which cash does not include settlement provisions, deposits and subscription receivables;
(3) The Fund holds securities issued by a company (the same company is listed in both China and Hong Kong
A+H shares), whose market value does not exceed 10% of the net asset value of the fund;
(4) All funds managed by the Fund Manager hold securities issued by one company (the same company
A+H shares listed simultaneously in China and Hong Kong), not more than 10% of the securities;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(6) The market value of all asset-backed securities held by the Fund shall not exceed the net asset value of the Fund
20％；
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
10% of the size of asset-backed securities;
(8) All funds managed by the Fund Manager invest in various asset supports of the same original equity holder
Securities shall not exceed 10% of the total size of its various asset-backed securities;
(9) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, the number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(10) All open-ended funds managed by the Fund Manager hold tradable funds issued by a listed company
Shares shall not exceed 15% of the tradable shares of the listed company; All investment groups managed by the Fund Manager
The number of tradable shares jointly held by a listed company shall not exceed 30% of the tradable shares of the listed company;
(11) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net assets of the Fund
15% of the value; Due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size and other fund managers
If the fund does not meet the limit of this proportion due to other factors, the fund manager shall not actively increase the liquidity restricted capital
Investment in assets;
(12) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the Fund contract
Keep the enclosure consistent;
(13) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(14) The Fund's participation in stock index futures trading shall comply with the following provisions:
1) At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed
10% of net asset value;
2) At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed that of the Fund
20% of the total market value of the shares held;
3) The market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold, total (netting
Calculation) shall comply with the relevant provisions of the fund contract on the proportion of stock investment;
4) The transaction amount of stock index futures contracts traded by the Fund on any trading day (excluding closing positions)
Shall not exceed 20% of the net asset value of the Fund on the previous trading day;
(15) The Fund's participation in treasury bond futures trading shall comply with the following provisions:
1) At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed
15% of net asset value;
2) At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed that of the Fund
30% of the total market value of bonds held;
3) Transaction amount of treasury bond futures contracts traded by the Fund on any trading day (excluding closing positions)
Shall not exceed 30% of the net asset value of the Fund on the previous trading day;
4) Market value and purchase
The total value of the sold treasury bond futures contract (calculated by netting) should conform to the proportion of bond investment in the fund contract
Relevant agreements of;
(16) The Fund participates in the trading of stock index futures and treasury bond futures, and purchases held at the end of any trading day
The sum of the contract value of treasury bond futures and stock index futures and the market value of securities shall not exceed the net asset value of the fund
95%； Among them, marketable securities refer to stocks, bonds (excluding government bonds with maturity of less than one year), assets
Supporting securities, redemptory financial assets for sale (excluding pledge repurchase), etc;
(17) The proportion of the Fund's investment in depositary receipts shall be limited in accordance with the shares listed and traded in China, and
For the consolidated calculation of shares listed and traded in China, the provisions of laws and regulations or the regulatory authorities shall prevail if they provide otherwise;
(18) The proportion of the Fund's investment in interbank deposit receipts shall not exceed 20% of the Fund's assets;
(19) Ratio of the Fund's investment in convertible bonds (including separable trading convertible bonds) and exchangeable bonds
Not more than 20% of fund assets;
(20) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
In addition to (2), (11) and (12) above, due to fluctuations in the securities/futures market, securities issuer contracts
In addition, the fund investment proportion does not meet the above requirements due to factors other than the fund manager, such as fund size changes
In case of capital ratio, the fund manager shall make adjustment within 10 trading days
Except for the special circumstances specified by.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of this Fund Agreement
Start.
If laws and regulations change the limit of portfolio proportion agreed in the Fund contract
The regulations shall prevail. Laws and regulations or regulatory authorities cancel the above restrictions. If applicable to the Fund, the Fund Manager shall
After performing appropriate procedures, the Fund's investment will no longer be 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;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws and regulations or regulatory authorities cancel or change the above prohibitive or restrictive provisions
After the Fund Manager has performed the appropriate procedures, the Fund may not be subject to the above restrictions or may be changed
Implementation of the provisions of.
5、 Performance Benchmark
The yield of CSI 800 index × 15%+the yield of CSI Hong Kong Stock Connect composite index × 5%+China Bond composite index
Price (gross) index yield × 80%
The CSI 800 Index is composed of the constituent stocks of CSI 500 and CSI 300 Index, which comprehensively reflects China's A-shares
The stock price performance of companies with large, medium and small market capitalization in the market. The CSI Hong Kong Stock Connect Composite Index is jointly owned by CSI Index Co., Ltd
Prepared to comprehensively reflect the overall situation and trend of listed companies within the scope of Hong Kong Stock Connect. The Fund selects CSI 800
The index return rate and the China Securities and Hong Kong Stock Connect composite index return rate are used to comprehensively measure the performance of stock investment.
The comprehensive full price (total value) index of China Bond is prepared by China Bond Financial Valuation Center Co., Ltd., which belongs to China Bond
The total index family is a broad based index that reflects the price trend of the domestic RMB bond market
It is one of the most widely used indexes and has broad market representation. The Fund selects the comprehensive full price of Chinese bonds (total
Index yield is used to comprehensively measure the performance of bond investment.
The performance benchmark of the Fund can better reflect the investment strategy of the Fund, which is more scientific and reasonable
Evaluate the performance of the Fund.
If the index compilation organization changes or stops the compilation and publication of the above indexes, or the above indexes are
Index substitution, or due to major changes in index compilation methods, such as changes, the above indexes do not
It should continue to be used as the benchmark index, or there should be more authoritative and more widely accepted performance benchmark
Or there is a performance benchmark more suitable for the Fund in the market, or a more suitable composite index right
The Fund may, after the Fund Manager and the Fund Custodian reach an agreement through consultation and perform appropriate procedures
After filing, the CSRC changed the performance benchmark and announced it in a timely manner, without the need to convene a fund share holder
meeting.
6、 Risk return characteristics
The Fund is a hybrid fund. Generally speaking, its long-term average risk and expected return are lower than those of the stock fund
Fund, higher than bond funds and money market funds. If the Fund invests in shares listed on the Stock Exchange of Hong Kong
Notes will face the difference of investment environment, investment object, market system and trading rules under the Hong Kong Stock Connect mechanism
The unique risks.
7、 Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with the relevant provisions of the State, and ensure that
Protect the interests of fund share holders;
2. Do not seek to control the listed company;
3. It is conducive to the safety and appreciation of fund assets;
4. Not for itself, employees, authorized agents or any interested third party through connected transactions
People seek any improper benefits.
8、 Implementation and investment operation arrangement of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to convene a fund
Deliberation at the general meeting of unit holders.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions
The performance comparison benchmark, risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements and disposal changes of specific assets of side pocket accounts
See the provisions of the Prospectus for details of matters such as cash and payments that have a significant impact on investors' rights and interests.
Part XIII Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
And other assets.
2、 Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
3、 Account of fund property
The Fund Custodian shall open capital accounts and securities accounts for the Fund in accordance with relevant laws, regulations and normative documents
Account, futures settlement account and other special accounts required for investment. Special fund account and fund management opened
Property accounts and other funds owned by the manager, fund custodian, fund sales agency and fund registration agency
The property account is 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
Custody by the gold custodian. The Fund Manager, the Fund Custodian, the Fund Registration Agency and the Fund Sales Agency shall
Some assets bear their own legal liabilities, and their creditors shall not apply for freezing or withholding of the Fund's assets
Pledge or other rights. Unless otherwise disposed of in accordance with laws and regulations and the Fund Contract, the Fund assets shall not be disposed of
Points.
The Fund Manager and the Fund Custodian were dissolved, dissolved or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. Assets of fund manager management and operation fund assets
The generated creditor's rights may not offset the debts generated by its inherent assets; Different bases for fund manager management and operation
The creditor's rights and liabilities arising from the fund assets of the fund shall not offset each other. Liabilities not due to the fund property itself,
It shall not enforce the fund assets.
Part XIV Valuation of Fund Assets
1、 Valuation date
The valuation date of the Fund is the trading date of the relevant securities/futures trading places of the Fund and national laws
The non trading day on which the laws and regulations require the disclosure of the net value of the fund.
2、 Valuation object
Stocks, depositary receipts, treasury bond futures, stock index futures, asset-backed securities, bonds
Assets and liabilities such as principal and interest of bank deposits, accounts receivable and other investments.
3、 Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with
Accounting Standards and relevant regulations of regulatory authorities.
（1） For investment varieties with an active market and the same quoted price of assets or liabilities
If there is a quotation on a daily basis, the quotation shall be applied to the fund without adjustment, except for the exceptions specified in the accounting standards
Fair value measurement of assets or liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the latest trading day
In case of major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence to indicate the valuation
If the quoted price on the latest trading day cannot truly reflect the fair value, the quoted price shall be adjusted to determine the fair value
Value.
The fair value of the same assets or liabilities shall be used if they are the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
（2） For investment varieties that do not have an active market, they should be suitable for the current situation and have enough
The fair value can be determined by using valuation techniques supported by data and other information. Use valuation techniques to determine fair price
The observable input value should be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained
The unobservable input value can be used only when it is impracticable.
（3） In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) Securities (including stocks, etc.) listed on the stock exchange shall be listed on the stock exchange on the valuation date
Valuation of market price (closing price); There is no transaction on the valuation date, and there is no significant economic environment after the most recent transaction date
In case of change and no major event affecting the securities price occurs to the securities issuer, the market price of the latest trading day shall be used
(closing price) valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has
In case of major events affecting the securities price, the current market price and major change factors of similar investment varieties can be referred to,
Adjust the market price of the latest transaction and determine the fair price;
(2) The varieties of fixed income without rights that are listed or transferred by the Exchange (unless otherwise specified),
Select the full valuation price of the corresponding varieties provided by the third-party valuation benchmark service agency on the valuation date for valuation;
(3) The varieties of fixed income with rights that are listed or transferred by the Exchange (unless otherwise specified),
Select the unique full valuation price or push of the corresponding varieties provided by the third-party valuation benchmark service agency on the valuation date
Recommend full valuation price for valuation;
(4) There is an active market for publicly issued convertible bonds listed on the exchange market
For bonds including equity conversion, the closing price on the valuation date is selected as the full valuation price for bonds subject to full price trading; Implement net
For bonds traded at, the closing price on the valuation date and the accrued interest per hundred yuan before tax shall be taken as the full valuation price;
(5) The fair value of the securities listed on the Exchange without an active market shall be determined by valuation techniques.
The fair value of asset-backed securities listed and transferred in the exchange market shall be determined by valuation techniques;
(6) Fixed income of unlisted or unlisted transfer in the exchange market and no active market
The valuation that is applicable in the current situation and supported by sufficient available data and other information shall be adopted
Determine its fair value technically;
(7) The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the domestic listed stocks.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) The new shares issued for stock dividend, conversion, allotment and public issuance shall be listed on the stock exchange on the valuation date
The valuation method of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used for valuation;
(2) For the initial public offering of unlisted shares, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost;
(3) The shares with a certain period of restricted sale shall be specified at the time of issuance, including but not limited to non-public issuance of shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions, etc
The fair value is determined according to the relevant regulations of the governing body or industry association.
3. For the fixed income varieties without rights in the national inter-bank market, the third-party valuation benchmark shall be used
The full price valuation of the corresponding varieties provided by the institution on the current day. For the types of fixed income with rights in the inter-bank market,
According to the unique full valuation or recommended valuation of the corresponding varieties provided by the third-party valuation benchmark service agency on the current day
Full price valuation. For fixed income varieties including the investor's right to put back, if the right to put back is exercised
The unique valuation of the corresponding varieties provided by the third-party valuation benchmark service agency from the actual collection date
At the same time, full consideration should be given to the impact of changes in the issuer's credit risk on the fair value.
If the right to sell back is not exercised after the deadline of the registration period (inclusive), the price corresponding to the long waiting period shall be applied
Valuation. For fixed income varieties that are not listed or transferred in the inter-bank market and have no active market
It shall be determined by adopting the valuation technology that is applicable in the current situation and has sufficient available data and other information support
Its fair value.
4. The Fund's investment in stock index futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
5. The Fund's investment in treasury bond futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
6. If the exchange rate between Hong Kong dollar and RMB is involved in the valuation calculation, the People's Bank of China or its
The central parity rate of RMB exchange rate published by the authorized institution shall prevail.
Tax: for the fund investment in the domestic and overseas stock market transaction interconnection mechanism in accordance with Chinese laws and regulations
The Fund will pay all taxes according to the laws and regulations of the place where the overseas trading place is located
Valuation on accrual basis; For the actual taxes paid by the Fund due to the adjustment of tax regulations or other reasons
If the estimated tax payable is different, the Fund will make a corresponding assessment on the relevant tax adjustment date or the actual payment date
Value adjustment.
7. If the same security is traded in two or more markets at the same time, it shall be separately evaluated according to the market in which the security is located
Value.
8. If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
9. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to
Ensure the fairness of fund valuation.
10. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the calculation results of the net value of the Fund.
5、 Valuation procedures
1. The net value of various fund units is calculated by dividing the net asset value of such fund by the current
The daily balance of such fund units shall be calculated to the nearest 0.0001 yuan, and the fifth digit after the decimal point shall be rounded off
The resulting errors or losses shall be included in the fund assets. Under the circumstance that the fund manager can set up a large redemption
Net value accuracy emergency adjustment mechanism. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units on each working day, and shall publish
Notice.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the Fund Agreement. After the fund manager evaluates the fund assets every working day,
Send the net value result of fund units to the Fund Custodian, and the Fund Manager will
It shall be publicized as required.
6、 Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of any type of fund unit is within 4 decimal places (including the 4th decimal place)
If the value is wrong, it shall be deemed that the net value of such fund units is wrong.
The parties to this Fund Contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
"Valuation error handling principle" shall pay compensation and bear compensation liability.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the liability for valuation error
Party A shall compensate the loss of the injured party, and shall, within the scope of the amount of compensation paid
People have the right to demand the delivery of unjust enrichment; If the party who has obtained the unjust enrichment has wronged this part
If the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has received to the amount of unjust gains it has received
The difference between the total return of interest and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the fund manager shall immediately correct it and notify
The Fund Custodian shall take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager that
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The fund manager shall make an announcement and report to the CSRC for the record.
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions.
7、 Suspension of valuation
1. The securities, futures trading market or foreign exchange market involved in the Fund's investment meets statutory holidays or
When the business is suspended for other reasons;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
8、 Recognition of net fund value
The fund manager is responsible for calculating the net value of the fund assets and the net value of the fund units, and the fund custodian is responsible for
to review. The Fund Manager shall calculate the net asset value and shares of the Fund on each open day after the end of trading
The net amount shall be sent 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 in accordance with regulations.
9、 Fund asset valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the main pocket account assets shall be valued and
Disclose the net fund value information of the main pocket account, and suspend the disclosure of the net share value of the side pocket account.
10、 Handling of special cases
1. Errors caused by the Fund Manager or the Fund Custodian when conducting valuation according to Item 8 of the valuation method
The difference is not treated as an error in the valuation of fund assets.
2. Due to the securities/futures trading places and their registration and clearing companies, futures companies, third-party valuation institutions
The data sent by the Fund Manager and the Fund Custodian are incorrect, or due to other force majeure reasons, although the Fund Manager and the Fund Custodian
However, necessary, appropriate and reasonable measures have been taken for inspection, but the error has not been found
The Fund Manager and the Fund Custodian shall be exempted from all liability for compensation for any error in the valuation of the Fund assets. But fund management
The Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate the impact caused thereby.
Part XV Fund Fees and Taxes
1、 Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Sales service fee;
4. Information disclosure fees related to the Fund after the Fund Contract comes into force, but laws and regulations, China Securities Regulatory Commission
Unless otherwise specified;
5. Accounting fees, attorney fees, notarial fees, arbitration fees and
Legal costs;
6. Expenses for the general meeting of fund share holders;
7. Securities and futures trading expenses of the Fund;
8. Bank transfer fees of the Fund;
9. Account opening fee and account maintenance fee;
10. All reasonable expenses arising from investment in Hong Kong stocks;
11. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
2、 Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at the annual fee rate of 0.8% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 0.8% ÷ Days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
The fund management fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. By the Fund Custodian
According to the financial data consistent with the fund manager, the designated
The fund manager does not need to issue a fund transfer instruction for fund payment through the account path. In case of legal holidays
For rest days or force majeure, the payment date shall be postponed. After automatic deduction of expenses, the Fund Manager shall check,
If the data is found to be inconsistent, contact the Fund Custodian in a timely manner for settlement.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.15% of the net asset value of the Fund on the previous day. Calculation of Custody Fee
The method is as follows:
H ＝ E × 0.15% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. By the Fund Custodian
According to the financial data consistent with the fund manager, the designated
The fund manager does not need to issue a fund transfer instruction for fund payment through the account path. In case of legal holidays
For rest days or force majeure, the payment date shall be postponed. After automatic deduction of expenses, the Fund Manager shall check,
If the data is found to be inconsistent, contact the Fund Custodian in a timely manner for settlement.
3. Sales service fee
There is no sales service fee for Class A fund units of the Fund, and annual sales service fee for Class C fund units
The rate is 0.40%.
The sales service fee for Class C fund units shall be 0.40% of the net asset value of Class C fund units on the previous day
The calculation method of rate accrual is as follows:
H ＝ E × 0.40% ÷ days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The fund sales service fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. Custody by the Fund
According to the consistent financial data checked with the fund manager
The fund manager does not need to issue a fund transfer instruction for fund payment in the specified account path. In case of legal festival
In case of holidays, rest days or force majeure, the payment date shall be postponed. After automatic deduction of expenses, the Fund Manager shall pay
The Bank shall check, and in case of any discrepancy in data, contact the Fund Custodian for settlement through consultation in a timely manner.
The sales service fee is mainly used to pay the commission of the sales agency, the fund marketing advertising fee of the fund manager
Promotion fees, service fees for fund share holders, etc.
The sales service fee does not include the above fees during the fund raising period.
Items 4-11 of the above "I. Types of Fund Fees" shall be paid in accordance with relevant regulations and corresponding agreements
It shall be included in the current expenses according to the actual amount of expenses, which shall be paid by the Fund Custodian from the Fund assets.
3、 Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
4、 Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the provisions of the Prospectus or relevant announcements for details of fees.
5、 Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations
that 's ok. The relevant taxes on the investment of fund assets shall be borne by the fund share holders and deducted by the fund manager or others
The payer shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
Part XVI Income and Distribution of the Fund
1、 Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
2、 Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized income.
3、 Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the fund manager can carry out
For income distribution, see the announcement issued by the fund manager at that time for the specific distribution plan. If the Fund Contract takes effect
No income distribution is required for less than 3 months;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Cash dividends or reinvestment of cash dividends automatically into corresponding types of fund units; If investors do not choose,
The Fund's default income distribution method is cash dividends; For those who choose to reinvest dividends, each fund share
(Original share) The end date of the shortest holding period of the dividend reinvested share obtained and the shortest holding period of the original share
The end date of holding period is consistent;
3. After the distribution of fund income, the net value of fund units cannot be lower than the par value; That is, on the base date of fund income distribution
The net value of various fund units less the amount of income distribution per unit of such fund units cannot be lower than the par value;
4. Since Class A fund units of the Fund do not charge sales service fees, Class C fund units charge sales service fees
Service fees. The distributable profits corresponding to each fund share category will be different. Each fund share of the same category
Enjoy equal distribution rights;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
Without violating the provisions of laws and regulations and the fund contract, and without material benefit to the fund unit holders
Under the premise of adverse effects, the Fund Manager may adjust the distribution principle and payment method of the Fund's income
A general meeting of fund share holders is required.
4、 Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund receipts as of the base date of income distribution
The distribution object, distribution time, distribution amount and proportion, distribution method, etc.
5、 Determination, announcement and implementation of income distribution plan
The Fund's income distribution plan is prepared by the Fund Manager and reviewed by the Fund Custodian
The provisions of the Disclosure Measures shall be announced in the specified media.
6、 Expenses incurred in fund income distribution
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. When
When the investor's cash dividend is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund
The registration institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Bonus
The investment shall be calculated in accordance with the Business Rules.
7、 Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the side pocket account will not be used for income distribution. See the prospectus for details
Or relevant announcements.
Part XVII Accounting and Audit of the Fund
1、 Fund accounting policy
1. The Fund Manager is the fund accounting responsible party of the Fund;
2. The accounting year of the Fund is from January 1 to December 31 of the Gregorian calendar year; Fund raised for the first time
The accounting year shall follow the following principles: if the Fund Contract takes effect less than 2 months, it can be incorporated into the next accounting year
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 and preparation of fund accounting statements in accordance with relevant regulations;
7. The Fund Custodian shall check with the Fund Manager on the accounting and statement preparation of the Fund every month
And confirmed in writing.
2、 Annual audit of the Fund
1. The employment of the Fund Manager independently from the Fund Manager and the Fund Custodian complies with the Securities Law
The required accounting firms and their certified public accountants shall audit the annual financial statements of the Fund.
2. An accounting firm shall obtain the prior consent of the fund manager to change its certified public accountant.
3. The Fund Manager shall notify the Fund Custodian if it believes that there is sufficient reason to change the accounting firm. more
The change of accounting firm shall be announced in the specified media in accordance with the provisions of the Information Disclosure Measures.
Part XVIII Fund Information Disclosure
1、 The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures, the Information Disclosure Measures
Liquidity Risk Management Regulations, Fund Contract and other relevant regulations. Information about relevant laws and regulations
In case of any change in the disclosure provisions, the Fund shall comply with its latest provisions.
2、 Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convening fund unit holders
Fund Unitholders and other laws and regulations of the General Meeting and natural persons, legal persons and groups of non legal persons as stipulated by the CSRC
Woven.
The information disclosure obligor of the Fund takes the protection of the interests of fund share holders as the fundamental starting point, and in accordance with the law
Disclose fund information in accordance with regulations and the provisions of the CSRC, and ensure the authenticity, accuracy
Completeness, timeliness, simplicity and accessibility.
The information disclosure obligor of the Fund shall, within the time specified by the CSRC, submit the fund letter that should be disclosed
Through national newspapers and periodicals (hereinafter referred to as "regulated newspapers and periodicals") that meet the requirements of the CSRC and the Internet
Website (hereinafter referred to as "regulated website") and other media, and ensure that fund investors can
Refer to or copy the publicly disclosed information at the time and in the manner specified in the Financial Contract.
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 fund
The obligor of information disclosure shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts
The text shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the currency unit is RMB
Yuan.
5、 Publicly disclosed fund information
The publicly disclosed fund information includes:
（1） Fund Prospectus, Fund Contract, Fund Custody Agreement, Fund Product Information Summary
1. The Fund Contract defines the rights and obligations of the parties to the Fund Contract and clarifies the basis
The rules and specific procedures for holding the general meeting of gold share holders, specifying the characteristics of the fund products and other matters related to fund investment
Legal documents on matters of vital interest.
2. The prospectus of the fund shall disclose to the maximum extent all matters affecting the decisions of the fund investors,
Explain fund subscription, purchase and redemption arrangements, fund investment, fund product characteristics, risk disclosure and information disclosure
Disclose the services of fund share holders. After the Fund Contract takes effect, the information in the Fund Prospectus occurs
In case of major changes, the Fund Manager shall update the Fund Prospectus and publish it in the Regulations within three working days
On the website; If other information in the prospectus changes, the fund manager shall update it at least once a year.
If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus of the Fund.
3. The Fund Custody Agreement defines the fund custodian and the fund manager in the custody of the fund property and the operation of the fund
Legal documents on rights and obligations in supervision and other activities.
4. The fund product information summary is a summary document of the fund prospectus, which is used to provide investors with a brief summary
General information of the fund. After the Fund Contract comes into force, the information in the fund product information summary has changed significantly
Furthermore, the fund manager shall update the summary of fund product information within three working days and publish it in the regulations
Website and fund sales agency website or business outlet; In case of any change in other information of the fund product profile,
The Fund Manager shall be updated at least once a year. If the operation of the fund is terminated, the fund manager will no longer update the fund products
Data summary.
After the application for fund raising has been registered by the CSRC, the fund manager shall, within three days of the sale of the fund units
The announcement of the sale of fund units, the indicative announcement of the prospectus and the indicative announcement of the fund contract
It shall be published in the required newspapers and periodicals, and the fund unit sale announcement, fund prospectus, fund product information summary
The Fund Contract and the Fund Custody Agreement are published on the specified website, and the summary of fund product information is published on
Website or business outlet of fund sales agency; The Fund Custodian shall simultaneously submit the Fund Agreement and the Fund Custodian Agreement
Published on the specified website.
（2） Fund Unit Offering Announcement
The Fund Manager shall prepare an announcement on the sale of fund units on the specific matters concerning the sale of fund units, and
The prospectus was published on the specified media on the day of disclosure.
（3） Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall, on the next day after receiving the confirmation document from the CSRC, publish the Fund on the specified media
Announcement of the effectiveness of the Contract.
（4） Net fund value information
After the Fund Contract comes into force and before the subscription or redemption of fund units, the Fund Manager shall
The net value of various fund units and the cumulative net value of fund units shall be disclosed at least once a week on the specified website.
After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day after the opening day, disclose various types of funds on the open day through the specified website, fund sales agency website or business outlets
Net value of gold units and cumulative net value of fund units.
The Fund Manager shall disclose half a year on the specified website no later than the next day after the last day of the half year and the year
The net value of various fund units and the cumulative net value of fund units on the last day of the year.
（5） Subscription and redemption price of fund units
The Fund Manager shall upload the base fund in the Fund Contract, Prospectus and other information disclosure documents
The calculation method of amount subscription and redemption price and relevant subscription and redemption rate, and ensure that investors can
The website or business outlet of the sales agency looks up or copies the above information.
（6） Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
The Fund Manager shall complete the annual report of the Fund within three months from the end of each year
The annual report is published on the specified website, and the advisory announcement of the annual report is published on the specified newspaper. Fund year
The financial accounting report in the report shall be audited by an accounting firm that complies with the provisions of the Securities Law.
The Fund Manager shall, within two months from the end of the first half of the year, prepare the interim report of the Fund and
The interim report is published on the specified website, and the suggestive announcement of the interim report is published on the specified newspaper.
The fund manager shall complete the fund quarter within 15 working days from the end of each quarter
Report, publish the quarterly report on the specified website, and publish the suggestive announcement of the quarterly report on the specified newspaper
On.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report
Periodic report or annual report.
In the report period, if a single investor holds 20% or more of the total fund shares
In order to protect the rights and interests of other investors, the fund manager shall at least report regularly on "influencing investors' decisions"
The category, holding shares and proportion at the end of the reporting period, and report of the investor are disclosed under "Other important information of the policy"
Changes in shares held during the period and the unique risks of the Fund, except for special circumstances recognized by the CSRC.
The fund manager shall disclose the fund portfolio assets and their
Liquidity risk analysis, etc.
（7） Interim report
In the event of a major event of the Fund, the relevant information disclosure obligor shall comply with the provisions of the Information Disclosure Measures
The interim report shall be prepared and published on the specified newspapers and websites.
The term "major event" as mentioned in the preceding paragraph refers to the possible impact on the rights and interests of fund unit holders or the price of fund units
The following events with significant impact:
1. The convening and decisions of the general meeting of fund share holders;
2. The Fund Contract is terminated and the Fund is liquidated;
3. Conversion of fund operation mode and fund merger;
4. Change of fund manager, fund custodian, fund share registration agency, and change of fund accounting firm
Office;
5. The fund manager entrusts the fund service agency to handle the registration, accounting and valuation of fund shares on its behalf
Matters: the Fund Custodian entrusts the Fund Service Institution to handle the accounting, valuation, review and other matters of the Fund on its behalf;
6. The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
7. The Fund Manager changes the actual control of shareholders holding more than 5% of the equity and the Fund Manager
Person change;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. Senior management personnel of the fund manager, fund manager and special fund custody department of the fund custodian
The person in charge changes;
10. The directors of the Fund Manager have changed by more than 50% in the last 12 months;
11. The main business personnel of the Fund Manager and the Fund Custodian's special fund custody department have
The change exceeds 30% within six months;
12. Litigation or arbitration involving fund management business, fund property and fund custody business;
13. The fund manager or its senior managers and fund managers are subject to
Major administrative punishment and criminal punishment, and the fund custodian or the head of its special fund custody department
Business related behaviors are subject to major administrative and criminal penalties;
14. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the actual controller or a company that has a major interest relationship with it or certificates underwritten during the underwriting period
Securities, or other major related party transactions, unless otherwise stipulated by the CSRC;
15. Fund income distribution matters;
16. Accrual standard and accrual of management fee, custody fee, sales service fee, subscription fee, redemption fee, etc
Changes in methods and rates;
17. The valuation error of the net value of any type of fund unit reaches 0.5% of the net value of such type of fund unit;
18. The Fund begins to handle subscription and redemption;
19. The Fund is redeemed in large amount and postponed;
20. The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
21. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
22. Adjust the setting of fund share categories;
23. The Fund launches new businesses or services;
24. Major events involving adjustment of fund subscription and redemption events or potential impact on investors' redemption occur;
25. The Fund Manager adopts the swing pricing mechanism for valuation;
26. The number of fund share holders of the Fund is less than 200 for 30, 40 and 45 consecutive working days
Or the net asset value of the fund is less than 50 million yuan;
27. The price that the Fund Information Disclosure Obligor believes may be paid to the rights and interests of Fund Unitholders or Fund Units
Other matters that have a significant impact or other matters specified by the CSRC.
（8） Clarification announcement
During the duration of the Fund Contract, any public media or market circulation
The interest may have a misleading impact on the price of fund shares or cause major fluctuations, and may damage the fund shares
If the rights and interests of the relevant information disclosure obligor are known, it shall immediately make public clarification on the information.
（9） Liquidation report
In case of termination of the Fund contract, the Fund Manager shall organize the Fund Assets Liquidation Team in accordance with the law to
Financial assets shall be liquidated and a liquidation report shall be made. The fund assets liquidation group shall publish the liquidation report in the regulations
Website, and publish the suggestive announcement of the liquidation report on the specified newspaper.
（10） Information disclosure of investment in stock index futures
In the quarterly report, interim report, annual report and other regular reports and the prospectus (update) and other documents
Disclosed the trading of stock index futures in, including investment policies, positions, profits and losses, risk indicators, etc,
And fully reveal the impact of stock index futures trading on the overall risk of the fund and whether it conforms to the established investment policies
And investment objectives.
（11） Information disclosure of investment in treasury bond futures
The Fund Manager shall make regular reports on the quarterly report, interim report and annual report of the Fund
And the prospectus (update) and other documents, including investment policies and positions
Situation, profit and loss, risk indicators, etc., and fully reveal the impact of treasury bond futures on the overall risk of the fund and whether
Whether it conforms to the established investment policies and objectives.
（12） Information disclosure of investment asset-backed securities
The Fund Manager shall disclose the total amount of asset-backed securities and assets held by it in the Fund's annual report and interim report
The proportion of the market value of supporting securities in the net assets of the fund and the details of all asset-backed securities during the reporting period. Fund management
The manager shall disclose the total amount of asset-backed securities held and the market value of asset-backed securities in the quarterly report of the fund
The proportion of net assets of the fund and the top 10 assets by market value in the proportion of net assets of the fund at the end of the reporting period
Details of securities held.
（13） Information disclosure of investment in Hong Kong stocks
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and the Prospectus
The relevant information about participating in the stock trading of Hong Kong Stock Standard is disclosed in such documents as the Letter (update).
（14） 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.
（15） Information disclosure during the implementation of the side pocket mechanism
Where the Fund implements the side pocket mechanism, relevant information disclosure obligors shall, in accordance with laws, regulations and fund contracts
And the prospectus. See the prospectus for details.
（16） Information disclosure of investment and circulation restricted securities
The fund manager shall, within two trading days after the fund invests in the non-public offering of shares
The fixed media shall disclose the name, quantity, total cost, book value and assembly of the non-public offering shares invested
Information such as the proportion of the current and book value in the net asset value of the fund and the lock up period.
（17） Other information specified by the CSRC.
6、 Information disclosure management
The Fund Manager and the Fund Custodian shall establish and improve the information disclosure management system, designate special departments and
Senior management is responsible for managing information disclosure.
The fund manager, fund custodian and relevant practitioners shall not disclose the fund information that has not been publicly disclosed.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information disclosure of the CSRC
Content and format criteria and other regulations.
The Fund Custodian shall comply with relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Determine the net asset value of the fund, the net value of various fund units, and the purchase and redemption of fund units prepared by the fund manager
Price, regular fund report, updated prospectus, summary of fund product information, fund liquidation report, etc
Review and review the publicly disclosed fund information, and confirm it in writing or electronically to the fund manager.
The Fund Manager and the Fund Custodian shall choose one of the required newspapers to disclose the Fund of the Fund
Information. The Fund Manager and the Fund Custodian shall submit the proposed disclosure to the electronic disclosure website of the CSRC
And ensure the authenticity, accuracy, integrity and timeliness of relevant information submitted.
The Fund Manager and the Fund Custodian may, in addition to disclosing information on the prescribed media according to law
Disclose information in other public media, but other public media shall not disclose information earlier than the specified media, and
The content of the same information disclosed on different media shall be consistent.
In addition to disclosing information as required by laws and regulations, fund managers and fund custodians can also focus on investment
From the perspective of providing useful information when making decisions, we should ensure that investors are treated fairly, not mislead investors, and not affect the
Under the premise of normal investment operation, independently improve the quality of information disclosure services. The specific requirements shall meet the requirements of
Relevant provisions of the CSRC and self regulatory rules. In case of information disclosure fees arising from the aforesaid independent disclosure, such fees shall not
It may be disbursed from the fund assets.
Special purpose of issuing audit report and legal opinion for the fund information publicly disclosed by the fund information disclosure obligor
Business institutions shall prepare working papers and keep relevant files at least 10% after the termination of the Fund Contract
Years.
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 comply with the relevant laws and regulations
Regulations require that information be kept at the company's domicile for public reference and reproduction.
8、 Suspension or delay of information disclosure
The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund related letters in the following circumstances
Information:
(1) Force majeure;
(2) The securities/futures trading market and foreign exchange market involved in the Fund's investment meet legal holidays or
When the business is suspended for other reasons;
(3) Other circumstances stipulated by laws and regulations, the Fund Contract or the CSRC.
Part XIX Change and Termination of Fund Contract and Liquidation of Fund Assets
1、 Changes to the Fund Contract
1. The change of fund contract involves the provisions of laws and regulations or this contract shall be subject to the general meeting of fund share holders
If a resolution is passed, a general meeting of fund unit holders shall be convened to pass the resolution. For laws and regulations and
The Fund Manager and the Fund shall
After the custodian agrees, the change shall be announced and reported to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective,
After the resolution takes effect, it shall be announced in the specified media in accordance with the provisions of the Information Disclosure Measures.
2、 Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the Fund Manager and the Fund Custodian are terminated, and there are no new Fund Managers or new Fund Custodians within 6 months
Undertaken by the Fund Custodian;
3. There are less than 200 fund share holders or the net asset value of the fund for 50 consecutive working days
Under the circumstance of less than 50 million yuan, the fund contract is terminated, and the general meeting of fund unit holders is not required;
4. Other circumstances stipulated in the Fund Contract;
5. Other circumstances stipulated by relevant laws and regulations and the CSRC.
3、 Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of termination of the Fund Contract
Establish a liquidation group, and the fund manager or temporary fund manager shall organize a liquidation group of fund assets, which shall be registered in China Securities Exchange
Fund liquidation shall be conducted under the supervision of the Regulatory Commission.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager or the Provisional Fund
The fund manager, the fund custodian, the certified public accountant, the lawyer and the CSRC who meet the requirements of the Securities Law
The personnel composition will be specified. The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund 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) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct liquidation
The report shall issue a legal opinion;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is limited
However, the liquidation period shall be extended accordingly for objective factors such as timely realization and relevant provisions on settlement margin.
4、 Liquidation expenses
Liquidation expenses refer to all reasonable expenses incurred by the fund assets liquidation team in the process of fund liquidation
The liquidation expenses shall be paid from the fund assets by the fund assets liquidation group in priority.
5、 Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
6、 Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The liquidation report of the fund assets is approved by the accounting firm
After auditing, the law firm shall issue a legal opinion and report it to the CSRC for filing and announcement. Fund asset liquidation
The announcement shall be made within 5 working days after the fund assets liquidation report is submitted to the CSRC for filing
Group.
7、 Preservation of fund assets liquidation books and documents
The fund assets liquidation account book and relevant documents shall be kept by the fund custodian for more than 20 years
If there are other provisions in the governing rules, such provisions shall prevail.
Part XX Liability for Breach of Contract
1、 The Fund Manager and the Fund Custodian violate the Fund Law in the process of performing their respective duties
As stipulated in laws and regulations or the Fund Contract, losses are caused to fund assets or fund unit holders
Those who have caused damage shall be liable for compensation according to law for their respective acts; Fund assets or funds due to joint action
If the holder of the gold share causes damage, he shall bear joint and several liability for compensation, and the compensation for the loss shall be limited to direct
In case of losses, one party has the right to claim compensation from the other party according to the degree of fault of the other party after assuming joint and several liabilities.
Where any party to a fund contract violates the fund contract, thereby causing losses to other parties to the fund contract, it shall
Be liable for compensation. The party concerned shall be exempted from liability in the following cases:
(1) The Fund Manager and/or the Fund Custodian shall comply with the then effective laws, regulations and market trading rules
Or losses caused by acts or omissions specified by the CSRC;
(2) The Fund Manager has exercised or failed to exercise its investment in accordance with the investment principles specified in the Fund Contract
Losses caused by asset rights, etc;
(3) Force majeure.
2、 To protect the interests of fund share holders to the greatest extent in the event of breach of contract by one or more parties
If the Fund Contract can continue to be performed, it shall continue to be performed. The non defaulting party is in office
Within the scope of responsibility, it is obliged to take necessary measures in time to prevent the expansion of losses. Failure to take appropriate measures resulted in
If the loss is further expanded, no claim may be made for compensation for the expanded loss. The non defaulting party paid for preventing the loss from expanding
The reasonable expenses incurred shall be borne by the defaulting party.
3、 Due to factors beyond the control of the Fund Manager and the Fund Custodian, business errors occur
Although the Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they fail to
The Fund Manager and the Fund Custodian will be exempted from compensation for the loss of the Fund property or investors caused by the discovery of errors
Liability. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate this
The impact of success.
Part XXI Dispute Settlement and Applicable Law
All parties agree that all disputes arising from or in connection with the Fund Contract
If no settlement can be reached through friendly negotiation, either party has the right to submit the dispute to China International Economic and Trade Arbitration
Arbitration Commission, the place of arbitration shall be Beijing, in accordance with the then effective arbitration of China International Economic and Trade Arbitration Commission
Arbitration rules. The arbitral award is final and binding on the parties. 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 duties and continue to be faithful, diligent and responsible
To perform the obligations specified in the Fund Contract and safeguard the legitimate rights and interests of the Fund Unitholders.
The Fund Contract is governed by the laws of China (for the purpose of this Contract, excluding Hong Kong Special Administrative Region and Macao
Laws of the Special Administrative Region and Taiwan) and shall be interpreted accordingly.
Part XXII Effect of Fund Contract
The Fund Contract is a legal document that stipulates the rights and obligations between the parties to the Fund Contract.
1. The Fund Contract has been sealed by the Fund Manager and the Fund Custodian, and the legal representatives or
The authorized representative shall sign or seal and handle the fund filing with the CSRC through the fund manager after the end of the offering
The procedures shall come into force upon the written confirmation of the CSRC.
2. The term of validity of the Fund Contract shall be from the date of its entry into force to the time when the liquidation results of the Fund assets are reported to the CSRC
The date of filing and announcement.
3. From the effective date of the Fund Contract
All parties to the Fund Contract, including persons, shall have the same legal binding force.
4. The original of the Fund Contract is in triplicate. In addition to one copy submitted to the relevant regulatory authority, the Fund Manager
The Fund Custodian shall hold one copy each with the same legal effect.
5. The Fund Contract can be printed in a volume for investors to use in the Fund Manager, Fund Custodian and Sales Machines
Check the office and business premises of the organization.
Part XXIII Other Matters
If there are any matters not covered in the Fund Contract, the parties to the Fund Contract shall consult with each other in accordance with relevant laws and regulations
It shall be settled through negotiation.
Part XXIV Summary of the Fund Contract
There is no text on this page, which is the signature and seal of the 6-month holding period hybrid securities investment fund contract of Morgan Yuexiang Return
Page.
Fund manager: Morgan Fund Management (China) Co., Ltd. (seal)
Legal representative or authorized representative:
Signed on:
Fund Custodian: Industrial and Commercial Bank of China Limited (seal)
Legal representative or authorized representative:
Signed on:
Signed at: