Morgan Fund Management (China) Co., Ltd
Morgan Yuexiang Return 6-month Holding Period Hybrid Securities Investment Fund
Custody Agreement
Fund Manager: Morgan Fund Management (China) Co., Ltd
Fund Custodian: Industrial and Commercial Bank of China Limited
catalog
1、 Parties to the Fund Custody Agreement 1
2、 Basis, Purpose and Principle of Fund Custody Agreement 2
3、 Fund Custodian's Business Supervision and Verification of Fund Manager 3
4、 Fund Manager's Business Verification of Fund Custodian 10
5、 Fund property safekeeping 10
6、 Sending, confirming and executing instructions 13
7、 Transaction, clearing and settlement arrangement 15
8、 Net Asset Value Calculation and Accounting of the Fund 18
9、 Fund income distribution 24
10、 Information disclosure 25
11、 Fund expenses 26
12、 Custody of the Register of Fund Unitholders 28
13、 Preservation of Fund related documents and archives 29
14、 Replacement of Fund Manager and Fund Custodian 30
15、 Prohibited acts 32
16、 Change and Termination of Fund Custody Agreement and Liquidation of Fund Property 33
17、 Liability for Breach of Contract 36
18、 Dispute Resolution 37
19、 Effectiveness of the Fund Custody Agreement 37
20、 Signing of Fund Custody Agreement 38
1、 Parties to the Fund Custody Agreement
（1） Fund manager (hereinafter referred to as "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
Time of establishment: May 12, 2004
Approval authority and approval document number: CSRC ZJZ [2004] No. 56
Registered capital: 250 million yuan
Organizational form: limited liability company
Business scope: fund raising, fund sales, asset management and other businesses permitted by the CSRC
Duration: continuous operation
Tel: 021-20628000
Fax: 021-20628400
Contact: Li Lingfeng
（2） Fund Custodian (hereinafter referred to as "Custodian")
Name: Industrial and Commercial Bank of China Limited
Address: No. 55, Fuxingmennei Street, Xicheng District, Beijing (100032)
Legal representative: Chen Siqing
Tel.: (010) 66105799
Fax: (010) 66105798
Contact: Guo Ming
Time of establishment: January 1, 1984
Organizational form: limited liability company
Registered capital: 356406257100 yuan
The establishment approval authority and establishment document number: The State Council's "Circular on the People's Bank of China's Specialized Exercise of the Central Bank Position"
Neng's Decision (GF [1983] No.146)
Duration: continuous operation
Business scope: handling RMB deposits, loans and interbank borrowing; Domestic and foreign settlement; Handling bills
Acceptance, discount, transfer discount and various exchange businesses; Agency fund clearing; Provide letter of credit service and guarantee;
Agency sales business; Acting as an agent for issuing, underwriting and cashing government bonds; Collection and payment on behalf of others; agent
Securities investment fund clearing business (bank securities transfer); Insurance agency business; Acting as policy bank and foreign policy agent
Loan business of government and international financial institutions; Safe deposit box service; Issuance of financial bonds; Buy and sell government bonds and finance
Bonds; Securities investment funds and enterprise annuity custody business; Enterprise annuity entrusted management service; Annuity account management
Management services; The registration, subscription, subscription and redemption of open-ended funds; Credit investigation, consultation
Securities business; Loan commitment; Enterprise and individual financial advisory services; Organize or participate in syndicated loans; Foreign exchange deposit;
Foreign exchange loans; Foreign currency exchange; Export collection and import collection; Acceptance and discount of foreign exchange bills; Foreign exchange borrowing;
Foreign exchange guarantee; Issuing, acting as an agent to issue, buy or sell foreign currency securities other than stocks; Self support
Foreign exchange trading on behalf of customers; Foreign exchange financial derivative business; Bank card business; Telephone banking, online banking, mobile banking
Bank business; Handle foreign exchange settlement and sales business; Other businesses approved by the banking regulatory authority under the State Council.
2、 Basis, purpose and principle of fund custody agreement
The basis for entering into this Agreement is the Law of the People's Republic of China on Securities Investment Funds (hereinafter referred to as the "Fund")
Law of the People's Republic of China on Public Offering of Securities Investment Funds
Measures for the Supervision and Administration of Sales Agencies of Raised Securities Investment Funds, Information Disclosure Management of Publicly Raised Securities Investment Funds
Administrative Measures (hereinafter referred to as Information Disclosure Measures), Liquidity Risk of Open ended Securities Investment Funds Publicly Offered
Insurance Management Regulations (hereinafter referred to as Liquidity Risk Management Regulations), Securities Investment Fund Information Disclosure Content
Mixed with Format Standard No. 7 [Content and Format of Custody Agreement] and "6-month Holding Period of Morgan Yuexiang Return"
The Contract for the Fund of the Hybrid Securities Investment Fund (hereinafter referred to as the Fund Contract) and other relevant provisions.
The purpose of entering into this Agreement is to clarify the custody
Rights and meanings in investment operation, net value calculation, income distribution, information disclosure, mutual supervision and other related matters
To ensure the safety of fund assets and protect the legitimate rights and interests of fund share holders.
The Fund Manager and the Fund Custodian shall fully protect the holding of fund shares on the basis of equality, voluntariness, honesty and credibility
This agreement is signed based on the principle of legal rights and interests of the people.
Unless otherwise agreed in this Agreement, the words or abbreviations used in this Agreement and their interpretations in the Fund Contract
The semantic part has the same meaning. In case of any conflict, the Fund Contract shall prevail and be interpreted in accordance with its terms.
3、 The Fund Custodian's business supervision and verification of the Fund Manager
（1） The Fund Custodian exercises supervision over the investment behavior of the Fund Manager
1. The Fund Custodian, in accordance with the provisions of relevant laws and regulations and the Fund Contract
Supervise the investment scope and investment objects.
The Fund will invest in the following financial instruments:
The investment scope of the Fund is financial instruments with good liquidity, including those legally issued or listed domestically
Stocks, depositary receipts, Hong Kong stocks, bonds (including treasury bonds, central bank bills, financial bonds)
Bonds, corporate bonds, corporate bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, subordinated bonds
Bonds, local government bonds, convertible bonds, exchangeable bonds and other investments permitted by the CSRC
Bonds), asset-backed securities, bond repurchase, bank deposits, inter-bank deposit receipts, stock index futures, treasury bond futures
And other financial instruments permitted by laws and regulations or the CSRC to be invested by the Fund (subject to the requirements of the CSRC
Relevant regulations).
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The Fund shall not invest in any investment prohibited by relevant laws, regulations, departmental rules and the Fund Contract
Investment vehicles.
2. The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the Fund Contract
Supervision of investment and financing ratio:
(1) In accordance with the provisions of laws and regulations and the provisions of the Fund Contract, the investment asset allocation ratio of the Fund
For example, the total investment proportion of stocks, convertible bonds and exchangeable bonds in the Fund's investment portfolio is the Fund
10% - 30% of assets (in which the proportion of investment in Hong Kong stocks is not more than 50% of stock assets);
At the end of each trading day, after deducting the trading deposits required to be paid for stock index futures and treasury bond futures contracts,
Cash in hand (excluding settlement provisions, deposits, subscription receivables, etc.) or with a maturity of 1 year
The government bonds within the fund shall not be less than 5% of the net asset value of the fund. The proportion of the Fund's investment in interbank deposit receipts shall not exceed
20% of the Fund's assets. The Fund invests in convertible bonds (including separable trading convertible bonds) and exchangeable bonds
The proportion of bonds shall not be higher than 20% of fund assets.
If permitted by laws and regulations or the CSRC, the fund manager may adjust
State the investment proportion of investment varieties.
If the investment portfolio does not meet the above requirements due to factors such as fund size or market changes, fund management
A person shall adjust the investment portfolio of the Fund within a reasonable period of time to meet the above proportion limit. Other laws and regulations
When specified, follow its provisions.
(2) In accordance with the provisions of laws and regulations and the provisions of the Fund Contract, the Fund's investment portfolio shall
The following investment restrictions:
1) Total investment proportion of stock assets, convertible bonds and exchangeable bonds in the Fund's investment portfolio
10% - 30% of the fund assets (of which the proportion of the shares invested in Hong Kong stocks is not more than the stock assets
50%)；
2) At the end of each trading day, the Fund deducts the payment required for stock index futures contracts and treasury bond futures contracts
After the deposit is exchanged, the government shall keep the cash no less than 5% of the net asset value of the fund or the maturity date within one year
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 and managed by the Fund Custodian hold shares issued by a company
Securities (total A+H shares of the same company listed in China and Hong Kong), no more than
10％；
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 net asset value;
6) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed that of the asset
10% of the size of asset backed securities;
8) All funds managed by the Fund Manager and managed by the Fund Custodian are invested in the same original equity
People's various asset-backed securities shall not exceed 10% of the total size of their various asset-backed securities;
9) Fund assets participate in share issuance and subscription, and the amount declared by the Fund does not exceed the total capital of the Fund
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 and managed by the Fund Custodian hold one listed fund
The tradable shares issued by the company shall not exceed 15% of the tradable shares of the listed company; The Fund Manager
All investment portfolios managed and managed by the fund custodian hold tradable shares issued 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 asset value of the Fund
15% of; Other than fund managers due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
If the fund does not meet the limit of this proportion due to factors of
Investment;
12) The Fund, private securities asset management products and other subjects identified by the CSRC are counterparties
For reverse repurchase transactions, the qualification requirements for acceptable collateral shall be consistent with the investment scope agreed in the fund contract
Consistency;
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 that of the Fund
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 some stocks;
③ The market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold, total (netting
It shall comply with the relevant provisions of the fund contract on the proportion of stock investment;
④ The trading amount of the stock index futures contracts traded by the Fund on any trading day (excluding closing positions) does not
May 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 that of the Fund
15% of net asset value;
② At the end of any trading day, the value of the futures contracts for selling treasury bonds held by the Fund shall not exceed the value of the futures contracts held by the Fund
30% of the total market value of some bonds;
③ The transaction amount of treasury bond futures contracts traded by the Fund in any trading day (excluding closing positions) does not
May 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 holds the buying country at the end of any trading day
The sum of the value of bond futures and stock index futures contracts and the market value of securities shall not exceed 95% of the net asset value of the fund;
Among them, marketable securities refer to stocks, bonds (excluding government bonds with a maturity of less than one year), and asset support
Securities, redemptory financial assets for sale (excluding pledge repurchase), etc;
17) The proportion of the Fund's investment in depositary receipts shall be restricted in accordance with the shares listed and traded in China, and
For the consolidated calculation of shares traded in the internal listing, the provisions of laws and regulations or the regulatory authority shall prevail if otherwise provided;
18) The proportion of the Fund's investment in interbank deposit receipts shall not exceed 20% of the Fund's assets;
19) Proportion of the Fund's investment in convertible bonds (including separable trading convertible bonds) and exchangeable bonds
Not more than 20% of fund assets.
In addition to the situations in 2), 11) and 12) above, due to fluctuations in the securities/futures market, merger of securities issuers
The fund investment proportion does not meet the above requirements due to factors other than the fund manager, such as fund size change
The fund manager shall adjust the proportion within 10 trading days, but the laws and regulations, the CSRC
Except for special circumstances specified.
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 of the Fund shall conform to the Fund contract
appointment. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement.
If laws and regulations change the restrictions on the proportion of investment portfolio agreed in the fund contract
Shall prevail, but shall be included in the investment supervision scope of the Fund Custodian only after reaching an agreement with the Fund Custodian. law
The above restrictions are cancelled by regulations or regulatory authorities. If they apply to the Fund, the Fund Manager, after performing appropriate procedures,
Then the Fund's investment will no longer be subject to relevant restrictions. The Fund Manager is aware of the performance of the Fund Custodian's investment supervision responsibilities
Affected by external data sources or system development and other factors, the Fund Manager shall adjust the reserved place for the custodian system
Reasonably necessary time required.
The Fund Manager shall work at least 2 times in advance in case of significant changes in the foreseeable asset scale
The Fund Custodian will be formally sent a letter on the day to explain the possible changes in the size of the Fund and the Company's response measures, so as to facilitate custody
To implement transaction supervision.
3. The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the Fund Contract
Supervision of investment behavior:
In accordance with the provisions of laws and regulations and the Fund Contract, the Fund is prohibited from engaging in the following acts:
(1) Underwriting securities;
(2) Loan or provide guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, unless otherwise stipulated by the CSRC;
(5) Make capital contributions to the Fund Manager and the Fund Custodian.
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, if applicable to this
After the Fund Manager has fulfilled the appropriate procedures, the Fund may not be subject to the above restrictions or changes
The following provisions shall be implemented.
4. The Fund Custodian shall supervise the Fund Manager's participation in the inter-bank bond market investment in accordance with the following agreements
Du.
When participating in inter-bank market transactions, fund managers should evaluate counterparties in accordance with prudent risk control principles
Credit risk, and independent choice of counterparties. The Fund Custodian finds that the Fund Manager and the third party of the inter-bank market
Class members who conduct bond transactions can timely remind the fund management through email, telephone and other mutually agreed ways
The Manager and the Fund Manager shall provide the Fund Custodian with a feasibility statement in a timely manner. The Fund Manager shall ensure that it is feasible
The content of the sex description is true, accurate and complete. The feasibility statement provided by the Fund Custodian to the Fund Manager
Conduct substantive review. The Fund Manager agrees that after being reminded, the Fund Manager still executes transactions and causes fund assets
The Fund Custodian shall not be liable for any loss, but shall provide necessary assistance and cooperation.
When the fund manager conducts spot bond trading and repo transactions in the inter-bank market, the fund manager shall use DVP
Transaction settlement method is used for transaction.
5. About bank deposit investment
The credit risk of the Fund's investment bank deposits mainly includes the credit rating of the deposit bank
The payment ability and other risks involve the selection of deposit banks. The fund manager shall evaluate the deposit based on the principle of prudence
The Fund Custodian shall not be responsible for the supervision of the credit risk of banks and the choice of deposit banks. Due to the fund
The Fund Custodian shall not be liable for the losses caused to the Fund by the Manager's violation of the above principles
The Fund Manager shall claim compensation from the relevant responsible person, and the Fund Manager shall give compensation to the Fund in violation of the above principles
And bear the corresponding responsibility for the losses.
6. Supervision of the Fund Custodian over the Fund's investment in restricted securities
(1) The Fund's investment in negotiable restricted securities shall comply with the Regulations on Fund Investment in Non public Offering of Stocks
Notice on Issues Related to Restricted Securities and other relevant laws and regulations.
(2) Restricted negotiable securities, including non-public securities regulated by the Measures for the Administration of Securities Issuance of Listed Companies
The tradable shares with a certain period of time locked up at the time of issuance, such as the issuance of shares and the public issuance of offline placement of shares
Securities, excluding securities temporarily suspended due to the release of major news or other reasons, and issued unlisted certificates
Such negotiable restricted securities as bonds and pledged bonds in repurchase transactions.
(3) The Fund Manager shall provide the Fund Custodian with
Investment decision-making process and risk control of restricted securities for fund investment and circulation approved by the Board of Directors of the Fund Manager
System. If the Fund invests in non-public offering of shares, the Fund Manager shall also provide
Liquidity risk disposal plan. The above information shall include but not limited to the investment amount of the Fund's investment in restricted securities
Degree and investment proportion control.
The Fund Manager shall send the above information in writing at least two working days before the first execution of the investment order
To the Fund Custodian to ensure that the Fund Custodian has enough time to review. The Fund Custodian shall, upon receipt
Within two working days after the materials are mentioned, confirm the receipt of the above materials in writing or in other ways agreed by both parties.
(4) Before the Fund invests in restricted securities in circulation, the Fund Manager shall provide the Fund Custodian with legal information
Relevant written information required by laws and regulations, including but not limited to the approval documents of the CSRC
The number of securities issued, the issue price, the lock up period, and the number, price, total cost and total cost of the fund to subscribe
Proportion in the net asset value of the fund, the proportion of the market value of the tradable restricted securities held in the net asset value of the fund
Transfer time, etc. The Fund Manager shall guarantee the authenticity and integrity of the above information, and shall at least be less than the investment to be executed
The above information shall be sent to the Fund Custodian in writing two working days before the instruction to ensure that the Fund Custodian has enough
Review between.
(5) The Fund Custodian shall, in accordance with the Regulations on the Fund's Investment in Non public Issuance of Stocks and Other Circulating Restricted Securities
The Notice on Relevant Issues stipulates that it shall supervise whether the fund manager complies with laws and regulations and review the fund management
Relevant written information provided by the manager. If the Fund Custodian believes that the above information may cause risks to the Fund,
Have the right to require the Fund Manager to supplement the risk elimination or preventive measures before investing in restricted securities
Full written explanation, and keep checking the fund manager's risk management department's issuance of restricted securities for fund investment and circulation
The right to use risk assessment report and other materials for future reference. Otherwise, the Fund Custodian has the right to refuse to execute the relevant instructions.
The Fund Custodian shall not be liable for any loss of the Fund property caused by its refusal to implement the instruction, and shall have the right to report
Inform the CSRC.
If the Fund Manager and the Fund Custodian cannot reach an agreement, they shall timely report to the CSRC for resolution.
If the Fund Custodian earnestly performs its supervisory duties, it will not assume corresponding responsibilities. If the fund custodian fails to cut
The Fund Custodian shall be jointly and severally liable for the risk of the Fund arising from the performance of its supervisory duties.
（2） The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Net value calculation of gold assets, net value calculation of various fund units, receipt of funds receivable, fund expenses and income
Determination, fund income distribution, relevant information disclosure, and fund performance published in fund promotion materials
Supervise and verify according to the.
（3） The Fund Custodian finds that the investment operation and other operations of the Fund Manager violate the Fund Law
The Fund Manager shall be notified in writing in a timely manner to rectify within a time limit when the relevant provisions of the Fund Agreement and the Fund Custody Agreement are in place
Yes, the Fund Manager shall check in time on the next working day after receiving the written notice, and report to the Fund Manager
The Fund Custodian sends a reply letter to explain or provide evidence on the reasonable doubts of the Fund Custodian.
Within the time limit, the Fund Custodian has the right to review the notice at any time and urge the Fund Manager to make corrections.
If the Fund Manager fails to correct the violations notified by the Fund Custodian within the time limit, the Fund Custodian shall report
Inform the CSRC. The Fund Custodian is obliged to require the Fund Manager to compensate for its breach of the Fund Contract
Losses suffered by investors.
For investment orders that have not been concluded according to the trading procedures and can be monitored by the fund custodian before trading,
If the Fund Custodian finds that the investment order violates the relevant laws and regulations or the Fund Contract,
It shall refuse to execute, notify the fund manager immediately and report to the CSRC.
For the monitoring indicators that must be known after the valuation is completed or the investments that have been closed according to the trading procedures
The Fund Custodian finds that the investment order violates laws and regulations or the Fund Contract,
It shall immediately notify the fund manager and report to the CSRC.
The Fund Manager shall actively cooperate with and assist the Fund Custodian in the supervision and verification, and must within the specified time limit
Reply to the Fund Custodian and correct, explain or provide evidence on the reasonable doubts of the Fund Custodian, and trust the Fund
If a person needs to submit a fund supervision report to the CSRC as required by laws and regulations, the fund manager shall actively cooperate in submitting
For relevant data and systems.
If the Fund Custodian finds that the Fund Manager has major violations, it shall immediately report to the CSRC
Notify the fund manager to make corrections within a time limit.
The Fund Manager refuses or obstructs the Fund Custodian from exercising its supervision right in accordance with the provisions of this Agreement without justified reasons,
Or prevent the Fund Custodian from carrying out effective supervision by means of delay, fraud, etc., if the circumstances are serious or the Fund is under custody
If the Fund Custodian still fails to correct after warning, the Fund Custodian shall report to the CSRC.
（4） When the fund holds specific assets and there are or potential large redemption applications, according to the maximum protection
The Fund Manager shall consult with the Fund Custodian on the principle of protecting the interests of the Fund Unitholders
After the opinion of the accounting firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without calling
Hold a general meeting of fund unit holders for deliberation.
The Fund Custodian shall, in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract, activate the side pocket mechanism
Review and supervise the disposal of specific assets and information disclosure. Specific rules during the implementation of the side pocket mechanism
In accordance with the provisions of relevant laws and regulations and the Fund Contract.
4、 The Fund Manager's business verification of the Fund Custodian
The Fund Manager shall check the performance of custody duties by the Fund Custodian, including but not limited to
Safely keep the fund assets with the fund custodian, open the fund account, securities account and futures settlement of the fund assets
Account required for investment such as account, review the net value of fund assets calculated by the fund manager and the net value of various fund units
Value, clearing and settlement according to the manager's instructions, relevant information disclosure and supervision of fund investment operations.
The Fund Manager finds that the Fund Custodian misappropriates the Fund assets without authorization, fails to manage the Fund assets separately
Violation of fund manager's fund transfer instructions, disclosure of fund investment information, etc
In accordance with the Fund Law, the Fund Contract, this Custodian Agreement and other relevant provisions, the Fund Manager shall promptly
The Fund Custodian shall be notified in writing to make corrections within a time limit, and the Fund Custodian shall check and confirm in a timely manner after receiving the notice and
Send a written reply to the Fund Manager. Within the time limit, the Fund Manager has the right to make progress on the matters notified at any time
The Bank will review, urge the Fund Custodian to make corrections, and provide assistance and cooperation. The Fund Custodian notifies the Fund Manager
If the violation is not corrected within the time limit, the fund manager shall report it to the CSRC. The fund manager is righteous
The Fund Custodian must be required to compensate the Fund for the losses incurred as a result.
The Fund Manager shall immediately report to the CSRC and the Bank if it finds that the Fund Custodian has major violations
The industry supervision and administration institution shall also notify the fund custodian to make corrections within a time limit.
The Fund Custodian shall actively cooperate with the Fund Manager in its verification activities, including but not limited to: submitting relevant funds
It is expected that the fund manager can verify the integrity and authenticity of the custody property and reply to the fund management within the specified time
And correct it.
The Fund Custodian refuses or obstructs the Fund Manager from exercising its supervision right in accordance with the provisions of this Agreement without justified reasons,
Or take delay, fraud or other means to prevent the Fund Manager from conducting effective supervision, if the circumstances are serious or the fund management
If the Fund Manager still fails to correct after warning, the Fund Manager shall report to the CSRC.
5、 Fund property custody
（1） Principles of Fund Property Custody
1. The Fund property shall be independent of the inherent property of the Fund Manager and the Fund Custodian.
2. The Fund Custodian shall keep the Fund assets safely. Without the proper instructions of the Fund Manager, it shall not
To apply, dispose of and distribute any assets of the Fund.
3. The Fund Custodian shall open the fund account and securities account of the Fund assets as required
Other special accounts, and futures settlement accounts shall be opened according to regulations.
4. The Fund Custodian shall set up separate accounts for different fund assets under its custody
The custody business of other businesses and other funds shall be subject to strict separate account management to ensure the integrity and independence of fund assets.
5. Receivables generated in the process of fund subscription (purchase) and fund investment shall be managed by the Fund
The Manager is responsible for determining the date of receipt with the relevant parties and notifying the Fund Custodian that the Fund property has not arrived on the date of receipt
If it reaches the Fund Custodian, the Fund Custodian shall timely notify the Fund Manager to take measures for collection. thus
If losses are caused to the Fund, the Fund Manager shall be responsible for recovering the losses of the Fund from the relevant parties, and the Fund shall be placed in custody
People are not responsible for this, but they should give necessary assistance and cooperation.
（2） Verification of raised funds
During the raising period, the sales agency will transfer the subscription funds into the fund management as agreed in the sales and service agency agreement
Fund subscription specialist of Morgan Fund Management (China) Co., Ltd. opened by
Household. The account shall be opened and managed by the fund manager. The total amount of fund units raised
After the amount raised and the number of fund unit holders comply with the Fund Law, the Operating Measures and other relevant provisions,
The Fund Manager shall employ an accounting firm that complies with the provisions of the Securities Law of the People's Republic of China to verify the capital,
The capital verification report shall be issued by more than two (including two) Chinese Registration Association
The signature of the designer is valid. Upon completion of capital verification, the Fund Manager shall transfer all the raised funds belonging to the Fund's assets to
In the special asset custody account opened by the Fund Custodian for the Fund, the Fund Custodian shall issue confirmation on the day of receipt of funds
Identify documents.
If the Fund raising period expires and the conditions for the Fund Contract to become effective are not met, the Fund Manager shall
It is required to handle refund matters.
（3） Opening and management of the Fund's bank account
The Fund Custodian shall, in the name of the Fund Custodian, open a special asset custody account in its business institution to keep the Fund
Bank deposits. The opening and management of the account shall be undertaken by the Fund Custodian. All monetary income and expenditure activities of the Fund
All activities shall be carried out through the special asset custody account of the fund custodian.
The opening and use of the special asset custody account shall be limited to meet the needs of conducting the Fund's business. Fund Custodian
And the Fund Manager shall not open any other bank account in the name of the Fund; And may not use the fund
Any bank account for activities other than the business of the Fund.
The management of the special asset custody account shall comply with the Administrative Measures for RMB Bank Settlement Accounts and the Temporary Cash Management Measures
Administrative Regulations, Provisions on the Administration of RMB Interest Rate, Interim Provisions on the Administration of Interest Rate, Payment and Settlement Measures, and
Other provisions of the banking regulatory authority.
（4） Opening and management of fund securities account and settlement provision account
The Fund Custodian shall be jointly named by the Fund Custodian and the Fund in China Securities Depository and Clearing Co., Ltd
Open a securities account in Shanghai Branch/Shenzhen Branch of the Company.
The Fund Custodian is in the name of the Fund Custodian at the Shanghai Branch of China Securities Depository and Clearing Corporation Limited
The Company/Shenzhen Branch shall open a fund settlement reserve account for securities clearing.
The opening and use of the Fund's securities account shall be limited to meeting the needs of conducting the Fund's business. Fund Custodian
And the Fund Manager shall not lend or transfer any securities account of the Fund without the consent of the other party; And shall not use
Use any account of the Fund for activities other than the business of the Fund.
（5） Opening and management of bond custody account
1. After the Fund Contract comes into force, the Fund Manager shall be responsible for applying in the name of the Fund and obtaining access to the whole country
The trading qualification of the inter-bank lending market, and conduct transactions on behalf of the Fund; The Fund Custodian is responsible for
In the name of the Central Government Securities Depository and Clearing Co., Ltd. and the Interbank Market Clearing House Co., Ltd
The inter-bank bond market bond custody account and special fund settlement account shall be set up, and the fund custodian shall be responsible for the bonds of the fund
Backstage matching of bonds and clearing of funds.
2. The Fund Manager and the Fund Custodian shall be jointly responsible for signing a national inter-bank bond market for the Fund
The original of the market repurchase master agreement shall be kept by the fund custodian, and the duplicate shall be kept by the fund manager.
（6） Opening and management of futures related accounts
The Fund Custodian and the Fund Manager shall, on behalf of the Fund, cooperate with the futures broker to open the
Establish futures settlement accounts and futures capital accounts, and obtain transaction codes in China Financial Futures Exchange. futures
The name of the settlement account, the name of the futures capital account, and the corresponding name of the transaction code shall be established in accordance with the relevant provisions, and
The Bank shall open and manage in accordance with the signed Memorandum on Futures Investment Operations.
（7） Opening and management of other accounts
After the signing date of this Custodian Agreement, the Fund is allowed to engage in activities in compliance with laws and regulations and the Fund Agreement
If the opening and use of relevant accounts are involved in the investment business of other investment varieties as agreed in the
The Fund Manager shall assist the Custodian in opening the relevant funds in accordance with the provisions of relevant laws and regulations and the provisions of the Fund Contract
Accounts. The account is used and managed according to relevant rules.
（8） Custody of physical securities such as bank deposit certificates for fund property investment
The physical securities invested by the Fund assets shall be deposited with the Fund Custodian or other institutions according to actual needs
Vault of. Physical securities under the effective control of the Fund Custodian during the custody of the Fund Custodian
The Fund Custodian shall be liable for any damage or loss arising therefrom. The Fund Custodian shall
The securities actually and effectively controlled or kept by foreign institutions shall not bear the custody responsibility.
（9） Custody of major contracts related to fund assets
The originals of the major contracts related to the Fund signed by the Fund Manager on behalf of the Fund shall be
Custodian and Fund Manager. Unless otherwise specified in this Agreement, the Fund Manager shall sign a contract with
For major contracts related to the Fund, it shall be ensured that one party of the Fund holds more than two originals so that the Fund Manager and
The Fund Custodian shall each hold at least one original. The Fund Manager shall, within 5 working days after signing the contract
The original contract shall be delivered to the Fund Custodian by personal delivery, registered mail and other safe ways. The original contract shall
It has been deposited in the respective document custody departments of the Fund Manager and the Fund Custodian for more than 20 years, but laws, regulations or
Unless otherwise specified by the competent authority.
If more than two originals cannot be obtained, the Fund Manager shall provide the Fund Custodian with the stamped authorization
The fax of the contract of the business seal is not negotiated by both parties or within the scope of the contract, and the original contract is not in principle
Shall be transferred.
6、 Sending, confirmation and execution of instructions
（1） Written authorization of the Fund Manager to the personnel who send instructions
The Fund Manager shall provide the Fund Custodian with the reserved seal and the specimen signature of the authorized person, which shall be communicated in writing in advance
Notice (hereinafter referred to as "Authorization Notice"): the list of persons who the Fund Custodian has the right to send instructions, indicating the corresponding
And stipulate that when the Fund Manager sends instructions to the Fund Custodian, the Fund Custodian shall confirm the authorized sender
The method of membership. The Fund Custodian shall notify the Fund Manager by mail or telephone on the day of receipt of the authorization notice
Confirm. The Fund Manager and the Fund Custodian are obliged to keep confidential the authorization documents, and their contents shall not be disclosed to the authorized
Disclosed by any person other than the operator, but otherwise required by laws and regulations or competent authorities
Outside.
（2） Content of instructions
Instructions refer to fund transfers and others issued by the fund manager to the fund custodian when using fund assets
Payment instructions. The paper instructions sent by the Fund Manager to the Fund Custodian shall specify the reasons and disbursements of the funds
Time of payment, time of receipt, amount, account, etc., stamped with the reserved seal and signed by the authorized person
The instructions sent in the form of linked transfer or online banking should include but not limited to the payment reason, payment time, amount
Account, etc., the Fund Custodian shall take the receipt of electronic instructions as valid instructions for compliance.
（3） Time and procedure for sending, confirming and executing instructions
The authorized sender (hereinafter referred to as the "authorized person") determined by the "authorization notice" shall manage the fund on behalf of the fund
The person shall send the electronic direct link transfer instruction or online banking instruction to the fund custodian in the manner agreed by both parties, and
Fax is used as an emergency mode. The Fund Manager is obliged to confirm with the Custodian in a timely manner after sending instructions,
Losses caused by the manager's failure to timely confirm the instructions with the custodian, resulting in the funds not arriving in the account in time
It shall not be borne by the Fund Custodian. The Fund Custodian shall, in accordance with this Custodian Agreement and the "Notice of Authorization", confirm that
The instruction can be executed only after it is recognized as valid. The fund manager shall not deny the order issued by the authorized person
Its validity. The Fund Manager shall, in accordance with the Fund Law, relevant laws and regulations and the Fund Contract,
To send transfer instructions within its legal business authority and transaction authority, the authorized person shall issue them according to its authorized authority
Send transfer instructions. When sending instructions, the Fund Manager shall set aside for the Fund Custodian the necessary
Time. The fund manager shall reserve the fund custodian the amount of funds to be transferred up to
The instruction execution time is 2 hours at the time point. The instruction transmission is not timely and fails to stay due to the fund manager
The fund manager shall be liable for the losses caused by the failure of funds to arrive in the account in time due to sufficient time for transfer.
The custodian bank will try its best to execute the transfer instructions with a reservation time of less than 2 hours, but it does not guarantee success.
After receiving the instructions sent by the Fund Manager, the Fund Custodian shall prudently verify the elements of the relevant instructions,
The review shall be carried out within the specified period without delay.
When giving instructions to the Fund Custodian, the Fund Manager shall ensure that the fund bank account has sufficient capital surplus
For the instructions issued by the Fund Manager to the Fund Custodian without sufficient funds, the Fund Custody
The Fund Custodian may refuse to execute the order and immediately notify the Fund Manager that the Fund Custodian will not be liable for
Liability for loss.
The Fund Manager shall stamp the notice of treasury bond transaction in the interbank market and fax it to the Fund Custodian.
（4） The circumstances and handling procedures of the Fund Manager sending wrong instructions
The circumstances under which the fund manager sends wrong instructions include that the instruction sender has no right or exceeds the authority to send instructions
The order and delivery information are wrong, and the important information in the order is incomplete.
The Fund Custodian has the right to refuse to execute the instructions of the Fund Manager when it finds errors in the instructions of the Fund Manager when performing its supervisory functions
And promptly notify the fund manager to make corrections.
（5） The circumstances and handling procedures under which the Fund Custodian suspends or refuses to execute the order in accordance with laws and regulations
The Fund Custodian finds that the instructions sent by the Fund Manager violate the Fund Law, the Fund Contract and this Association
The implementation of the relevant provisions of the relevant fund laws and regulations shall be suspended or not implemented as the case may be, and shall be timely written
The Fund Manager shall be notified in writing to correct the situation, and the Fund Manager shall check the situation in a timely manner after receiving the notice
The Fund Custodian shall send a reply for confirmation, and the losses caused thereby shall be borne by the Fund Manager.
（6） The handling method for the Fund Custodian's failure to follow the instructions of the Fund Manager
The Fund Custodian fails to comply with or fails to comply with the correction sent by the Fund Manager in a timely manner due to its own reasons
Always effective instructions shall be executed, and timely measures shall be taken to remedy the situation after discovery
If the administrator causes losses, he shall be liable for compensation.
（7） Procedures for replacing the authorized person
The fund manager must hand in at least one person in advance to replace the authorized person or change the authority of the authorized person
On a daily basis, fax or other written confirmation from the Fund Custodian and the Fund Manager to the Fund Custodian
Send the notice of change of the authorized person signed and sealed by the authorizer, and notify the fund custodian by telephone at the same time. change
The notice shall specify the effective time and provide a sample signature of the new authorized person. The Fund Custodian receives the Change Notice
The fund manager will reply in writing by fax or confirm with the fund manager by telephone on the same day. Change of authorization
The effective time specified in the notice shall take effect. If the effective time specified in the change notice is earlier than the time when the Fund Custodian receives the change
If the notice time is changed, the authorized change will take effect when the Fund Custodian receives the change notice. The Fund Manager
The original of the notice of change of the authorized person shall be delivered to the Fund Custodian within three days. Fund manager changes to authorized Rentong
After the notification takes effect, the person who has been replaced has no right to send instructions, or the changed authorized person has exceeded his/her authority to send instructions
The Fund Manager shall not be liable for the instruction of the Fund Manager. The original of the notice of change of the authorized person has been received by the fund custodian
In case of any inconsistency between the copies of, the copy shall prevail, and the relevant responsibilities shall be borne by the Fund Manager.
7、 Transaction, clearing and settlement arrangements
（1） Standards and procedures for selecting securities and futures operating institutions that act as agents for securities and futures trading
The Fund Manager shall be responsible for selecting the securities operating institutions that act as agents for the purchase and sale of the Fund's securities. The selection criteria are:
1. Strong qualifications and good reputation.
2. The company is in good financial condition, has standard business conduct, and has not been subject to major violations in the past year
Penalties imposed by relevant administrative organs.
3. The internal management is standardized and strict, with a sound internal control system, and can meet the requirements of highly guaranteed fund operation
Confidentiality requirements.
4. Have efficient and safe communication conditions required for fund operation, and the trading facilities meet the requirements of acting as the agent of the Fund
It is required for securities trading and can provide the Fund with comprehensive information services.
5. Strong research strength, fixed research institutions and specialized researchers, able to timely, regularly and comprehensively
To provide the Fund with research reports and thoughtful analysis on macro-economy, industry situation, market trend and individual bonds
And can provide special research reports according to the specific requirements of fund investment.
The Fund Manager shall be responsible for the implementation of relevant securities business institutions in accordance with the above standards and internal management system
After the investigation, the securities trading institutions shall be determined to act as agents for the Fund's securities trading and bear corresponding responsibilities. Fund Manager and
The selected securities operating institution shall sign an agreement on the use of trading units, and the Fund Manager shall notify the Fund Custodian,
And disclose relevant contents in the statutory information disclosure announcement.
The Fund Manager shall timely report the basic information such as the fund special trading unit number, commission rate and changes
The Fund Custodian shall be notified in writing of the situation in a timely manner.
The Fund Manager is responsible for selecting the futures operating institutions that act as agents for the futures trading of the Fund and signing futures contracts with them
Brokerage contract and other matters shall be carried out in accordance with the relevant provisions of laws and regulations and the Fund Contract
If so, it may be implemented with reference to the rules governing the purchase and sale of securities and the selection of securities operating institutions.
（2） Settlement arrangements after the fund invests in securities
1. Responsibilities of the Fund Manager and the Fund Custodian in Fund liquidation and settlement
The Fund Manager and the Fund Custodian shall, in accordance with the relevant laws and regulations and the relevant business rules, enter into the Securities Agreement
Transaction Capital Settlement Agreement, to specify the settlement of securities transaction capital between the Fund Manager and the Fund Custodian
Accountability in business.
The Fund shall be responsible for the clearing and settlement of all OTC and over-the-counter transactions in which the Fund invests in securities
The custodian shall be responsible for handling.
The clearing and settlement of the Fund's securities investment shall be conducted by the Fund Custodian through China Securities Depository and Clearing Co., Ltd
Shanghai Branch/Shenzhen Branch of the Company, other relevant registration and settlement institutions and clearing agent banks.
If the Fund participates in the Hong Kong Stock Connect transaction, the Fund Manager shall ensure that it is in custody before 9:30 on T+1
There are enough positions in the special account or settlement reserve account for corporate action and securities portfolio on the T+1 day of Hong Kong Stock Connect
The settlement of fees and risk control funds shall be made in the special custody account or the settlement provision account before 14:00 on T+1 day
There are enough positions in the account for the settlement of trading funds on the T+2 day of the Hong Kong Stock Connect. For example, due to the fund manager
The fund manager shall bear the economic losses caused to the custodian due to the failure of the Hong Kong Stock Connect.
If the loss of fund property is caused in the process of liquidation and settlement due to the reason of the fund custodian, the fund shall be placed in custody
To compensate for the loss of the fund; If the fund manager conducts securities investment in violation of laws and regulations
Or violate the Securities Trading Capital Settlement Agreement signed by both parties, resulting in difficulties and risks in fund investment settlement,
The Custodian shall immediately notify the Fund Manager upon discovery, and the Fund Manager shall be responsible for solving the problem
The losses caused by the Fund Custodian shall be borne by the Fund Manager.
2. Responsibility determination and handling procedures for overbought or oversold funds
When performing the supervision function, if the fund custodian finds that the fund has overbought or overbought securities
In case of any sale, the Fund Manager shall be immediately reminded, and the Fund Manager shall be responsible for solving the problem
The losses caused by the custodian shall be borne by the fund manager. In case of overbought behavior not due to the fund custodian
The fund manager must allocate funds before 10:00 a.m. on T+1 day to complete the clearing and settlement.
3. Responsibility Determination and Handling Procedures for the Fund's Failure to Pay Securities Liquidation Funds on Time
The Fund Manager shall ensure that the Fund Custodian has sufficient head when executing the instructions sent by the Fund Manager
The settlement shall be carried out in inches. When the fund's capital position is insufficient, the fund custodian has the right to reject the transfer sent by the fund manager
And notify the fund manager at the same time. The fund manager shall give full consideration to the fund trust when sending the transfer instruction
The reasonable time required for the custodian to handle the transfer. If the certificate cannot be paid on time due to the fund manager
The Fund Manager shall bear the losses caused to the Fund and the Fund Custodian due to the liquidation of securities.
When the fund fund position is sufficient, the fund custodian shall comply with the laws and regulations
The instructions in the Gold Contract and the Fund Custody Agreement shall not be delayed or refused to be executed. For example, due to the reasons of the fund custodian
As a result, the Fund is unable to pay the securities liquidation funds on time, and the losses caused to the Fund or the Fund Manager are caused by the Fund
The Custodian undertakes.
（3） Reconciliation of capital and securities accounts and transaction records
The Fund Manager shall check the transaction records of the Fund on a daily basis. Disclosure of net value of fund units
Before that, it must be ensured that all the actual transaction records of the day are identical with the transaction records on the fund accounting books
To. If the actual transaction record is inconsistent with the accounting book record, the fund accounting is incomplete or incomplete
True, and the losses caused thereby shall be borne by the accounting responsible party of the Fund.
The fund accounts of the Fund shall be reconciled by the relevant parties once a day to ensure that the accounts of the relevant parties are consistent.
The fund securities accounts shall be reconciled by the relevant parties at the end of the last trading day of each week.
At the end of each month, relevant parties shall check the physical voucher accounts.
The transaction records shall be reconciled by the relevant parties once a day.
（4） Parties to the fund clearing, data transmission and custody agreement for subscription, redemption and conversion of open-ended funds
Human responsibility
1. Responsibilities of the parties to the custody agreement in the subscription, redemption and conversion of open-ended funds
The investors of the fund can conduct the transaction through the direct sales center of the fund manager and the sales agent's sales outlets
The Fund Manager shall handle the transfer and registration of fund units for subscription and redemption applications, and the Fund Custodian shall be responsible for receiving them
Receive and confirm the receipt of funds, and transfer redemption funds according to the investment instructions of the fund manager.
2. Data transmission of open-ended funds
The Fund Manager shall, before 14:00 on each business day, subscribe the funds confirmed on the previous business day
The amount and redeemed units shall be notified to the Fund Custodian in writing with the special seal for business affixed. Fund manager response
Be responsible for the authenticity, accuracy and integrity of the transferred subscription and redemption data.
3. Capital clearing of open-ended funds
The fund purchase, redemption and other funds shall be settled by netting, and the net amount shall be no later than T+3
It shall be settled between the general clearing account and the special asset custody account of the fund manager before 11:00 a.m.
If the fund is a net receivable on that day, the fund custodian shall timely check whether the funds collected have arrived in the account
The fund manager shall be notified in time to transfer the funds that are received on time. Fund custody for funds not transferred on time
The Fund Manager shall notify the Fund Manager of the transfer in a timely manner, and the responsibilities arising therefrom shall be borne by the Fund Manager. Serious consequences
The Fund Custodian shall report to the CSRC.
If the fund is net payable on that day, the Fund Custodian shall make timely payment according to the instructions of the Fund Manager
Transfer. The Fund Manager shall promptly notify the Fund Custodian to transfer the funds that have not been transferred on time
The Fund Custodian shall bear the responsibility of the Fund Custodian. Fund managers with serious consequences shall report to the CSRC.
8、 Calculation and accounting of fund net asset value
（1） Calculation of the net asset value of the Fund
1. Time and procedure for calculating and reviewing the net asset value of the Fund
The net asset value of the fund refers to the value of the total asset value of the fund minus the liabilities. The net value of various fund units is
Refers to the balance of the net asset value of this type of fund divided by the shares of this type of fund on that day after the market is closed on each working day
Quantity calculation, all of which are accurate to 0.0001 yuan, and the fifth digit after the decimal point is rounded off, resulting in errors or losses
Loss is included in the fund assets. The fund manager can set up an emergency adjustment machine for net value accuracy in the case of large redemption
System. If the state has other provisions, such provisions shall prevail.
The Fund Manager shall evaluate the assets of the Fund every working day, but the Fund Manager shall, in accordance with laws, regulations or
Except when the valuation is suspended as stipulated in the fund contract. The valuation principle shall comply with the Fund Contract and the Securities Investment Fund
Accounting Business Guidelines and other laws and regulations. Net fund assets used for fund information disclosure
The value and the net value of various fund units shall be calculated by the Fund Manager and reviewed by the Fund Custodian. The Fund Manager shall
Calculate the net asset value of various fund units on each working day after the end of the transaction and use the party recognized by both parties
To the Fund Custodian. The fund custodian shall review the net value calculation result and issue it in a way agreed by both parties
The fund manager shall publish the net value of the fund according to the regulations.
（2） Fund asset valuation
1. 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.
2. Valuation method
The valuation method of the Fund is:
(1) Valuation of securities listed on stock exchanges
1) Securities (including stocks, etc.) listed on the stock exchange
Market price (closing price) valuation; There is no transaction on the valuation date, and the economic environment has not changed significantly since the most recent transaction date
If the securities issuer has no major event that affects the securities price, the market price of the most recent trading day (
Valuation; If the economic environment has changed significantly after the recent trading day or the securities issuer has had an impact
In case of major events of securities price, the current market price and major change factors of similar investment varieties can be referred for adjustment
The market price of the most recent transaction and the determination of 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 variety of fixed income with rights listed on the exchange or transferred by listing (unless otherwise specified), select
Take the unique full valuation price or recommendation of the corresponding varieties provided by the third-party valuation benchmark service agency on the valuation date
Valuation at full price;
4) For publicly issued convertible bonds listed and traded in the exchange market
For bonds converted into equity, the closing price on the valuation date is selected as the full valuation price for bonds subject to full price trading; Implement net price
For the bonds traded, the full valuation price shall be the closing price on the valuation date plus the accrued interest per hundred yuan before tax;
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 issued in the exchange market but not listed or transferred without an active market
Variety, valuation techniques that are applicable in the current situation and supported by sufficient available data and other information shall be adopted
To determine its fair value;
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 by the company on the valuation date are listed on the stock exchange
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 adopted
The full price valuation of the corresponding varieties provided by the government agency on the current day. Fixed income products with rights in the inter-bank market
Type, according to the unique full valuation price or recommended valuation on the day of the corresponding type provided by the third-party valuation benchmark service agency
Value at full price. For the fixed income varieties including the investor's right to sell back, if the right to sell back is exercised, the right to sell back shall be registered
Select the unique valuation of the corresponding varieties provided by the third-party valuation benchmark service agency between the date of the actual payment
Full price or full price of recommended valuation, and full consideration should be given to the impact of the issuer's credit risk changes 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 date
If there is no settlement price on the day, and there is no significant change in the economic environment after the latest trading day, the latest trading day settlement shall be adopted
Valuation.
(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 on the day, and there is no significant change in the economic environment after the latest trading day, the latest trading day settlement shall be adopted
Valuation.
(6) If the exchange rate between Hong Kong dollar and RMB is involved in the valuation calculation, the People's Bank of China or
The central parity rate of RMB exchange rate published by its 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 based on the market in which the security is located
Valuation.
(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, estimate at the price that best reflects the fair value
Value.
(9) In case of large amount purchase or redemption of the Fund, the Fund Manager may adopt swing pricing
Mechanism to ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws and regulations
And regulations of regulatory authorities and self regulatory rules.
(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.
（3） Valuation error handling
If losses are caused to investors due to fund valuation errors, the party responsible for the valuation errors shall be liable for direct losses
Liability for compensation; If the responsible party for the valuation error has actively coordinated and there are enough parties with the obligation to assist
If it is not corrected, it shall bear the corresponding liability for compensation.
When the net value of fund assets and the net value of various fund units calculated by the fund manager have been recovered by the fund custodian
If the losses of investors or funds caused by the announcement after verification and confirmation, the investors or funds should be invested in accordance with the provisions of laws and regulations
The investor or fund shall pay compensation, and the fund manager shall
They shall bear corresponding responsibilities with the Fund Custodian according to the proportion of the management rate and the custody rate.
Due to the wrong information provided by one party, the other party has taken necessary and reasonable measures
The error is still not found, which leads to the calculation error of the net asset value of the fund and the net value of various fund units
Losses of investors or funds, and the resulting net asset value of funds and net value of various fund units on subsequent trading days
The losses of investors or funds caused by the error of deferral of value calculation shall be borne by the party providing the wrong information
Be responsible for compensation.
（4） 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.
（5） Handling of special cases
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.
Due to securities, futures exchanges, futures companies, registration and clearing companies, third-party valuation institutions and other institutions
The data sent is wrong, or due to other force majeure reasons, although the Fund Manager and the Fund Custodian have
If necessary, appropriate and reasonable measures are taken for inspection, but the error is not found
The Fund Manager and the Fund Custodian shall be exempted from all liability for compensation in case of any error in the valuation of gold assets. But the Fund Manager and
The Fund Custodian shall actively take necessary measures to mitigate or eliminate the impact caused thereby.
When the net asset value of the Fund calculated by the Fund Manager is inconsistent with the calculation result of the Fund Custodian
All parties shall recalculate and check in a diligent and responsible manner. If no agreement can be reached in the end and the trusteeship
If confirmed in writing or by mail, the calculation results of the fund manager shall prevail, and the losses caused thereby shall be disclosed
The loss and the loss caused by the error of deferring the calculation of the net asset value of the fund on the trading day shall be borne by the fund manager
The Fund Custodian shall not be liable for compensation.
（6） Establishment of fund account book
After the Fund Agreement comes into force, the Fund Manager and the Fund Custodian shall, in accordance with the provisions of
1. Accounting method and accounting treatment principle, independently setting up, recording and keeping the full set of account books of the Fund,
Regularly check the respective account books of relevant parties and supervise each other to ensure the safety of fund assets. If double
If Party A disagrees with the accounting treatment method, the treatment method of the fund manager shall prevail.
If the accounts of the relevant parties are found to be inconsistent after reconciliation, the Fund Manager and the Fund Custodian must promptly
Find out the causes and correct them to ensure that the records of the account books recorded in parallel by the relevant parties are completely consistent. If there is any discrepancy on the day of verification,
If the reason for the wrong account cannot be found temporarily, which affects the calculation and announcement of the fund net value information, the fund management
People's account books shall prevail.
（7） Preparation and review of regular reports of the Fund
The financial statements of the Fund shall be independently prepared by the Fund Manager and the Fund Custodian on a monthly basis. Preparation of monthly statements
It shall be completed within 5 working days after the end of each month.
After the Fund Contract comes into effect, the Fund Manager shall complete the contract within 15 working days from the end of each quarter
Prepare and publish quarterly reports; The interim report shall be prepared and consolidated within two months after the end of the half year of the accounting year
Notice; Complete the preparation and announcement of the annual report within three months after the end of the accounting year; Whether the Fund Contract comes into effect
The fund manager may not prepare the current quarterly report, interim report or annual report if the period is two months.
The Fund Manager shall complete the monthly report within 5 working days, and add
After affixing the official seal, the relevant report shall be submitted to the Fund Custodian by encrypted fax for review; There are three fund custodians
Review shall be carried out within working days, and the review results shall be notified to the Fund Manager in writing in a timely manner. There are 7 fund managers
The quarterly report shall be completed within working days, and the relevant report shall be submitted to the Fund Custodian for review on the day when the quarterly report is completed,
The Fund Custodian shall review within 7 working days after receipt and notify the Fund Management of the review results in writing
People. The Fund Manager shall complete the interim report within 30 days, and submit the relevant report on the day when the interim report is completed
For review by the Fund Custodian, the Fund Custodian shall conduct review within 30 days after receipt and submit the review results in writing
Notify the Fund Manager. The Fund Manager shall complete the annual report within 45 days,
The relevant report shall be submitted to the Fund Custodian for review. The Fund Custodian shall review the report within 45 days after receiving it and will review the report
The result shall be notified to the fund manager in writing.
When the Fund Custodian finds discrepancies in the statements of relevant parties during the review process, the Fund Manager and
The Fund Custodian shall jointly find out the reasons and make adjustments. The adjustment shall be based on the accounting treatment method approved by the relevant parties as follows:
Accurate. After verification, the Fund Custodian shall affix the business seal or issue the report provided by the Fund Manager
The review opinion affixed with the official seal of the custody business department or electronic confirmation shall be kept by each party concerned.
If the Fund Manager and the Fund Custodian fail to reach an agreement on the relevant statements before the date of announcement
To, the Fund Manager has the right to make public announcements according to the statements prepared by it, and the Fund Custodian has the right to
The situation shall be reported to the CSRC for filing.
After the Fund Custodian has reviewed the financial accounting report, interim report or annual report, it shall affix its seal to confirm that
Recognize or issue the corresponding review confirmation letter, or conduct electronic confirmation for the competent authority to review the relevant documents
Tips.
9、 Fund income distribution
（1） 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 prejudice to the interests of fund share holders
Under the premise of profit influence, the fund manager can adjust the fund income distribution principle and payment method without
Convene a general meeting of fund share holders.
（2） Procedures for Formulation and Implementation of Fund Income Distribution Plan
The fund manager shall draw up the fund income distribution plan, which shall be reviewed by the fund custodian
The relevant provisions of the Disclosure Method are announced in the specified media.
The Fund Manager issues a payment order for income distribution to the Fund Custodian, and the Fund Custodian will receive
All funds allocated for profit distribution shall be transferred to the designated account of the Fund Manager.
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.
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.
10、 Information disclosure
（1） Confidentiality obligations
Except in accordance with the Fund Law, the Information Disclosure Measures, the Fund Contract and the CSRC's
In addition to the disclosure of relevant provisions on interest disclosure, the Fund Manager and the Fund Custodian have
We shall strictly abide by the obligation of confidentiality for our information and business information obtained from the other party. Fund Manager and Fund Custody
Except for the provisions of laws and regulations, no information about the Fund shall be disclosed to the public before the disclosure
Third party disclosure. However, the following circumstances shall not be deemed as breach of confidentiality obligations by the Fund Manager or the Fund Custodian:
1. Confidential information is disclosed, divulged or made public for reasons other than those of the Fund Manager and the Fund Custodian;
2. The Fund Manager and the Fund Custodian shall abide by and obey the court judgment, arbitration award or CSRC
Information disclosure or disclosure made by the order and decision of the regulatory authority such as the Commission.
（2） Responsibilities and information disclosure procedures of the Fund Manager and the Fund Custodian in information disclosure
The Fund Manager and the Fund Custodian shall respectively undertake
Take corresponding responsibility for information disclosure. The Fund Manager and the Fund Custodian shall actively cooperate, supervise and urge each other
Such supervision and guarantee shall fulfill the obligation of disclosure in accordance with the statutory way and time limit.
According to the requirements of the Information Disclosure Measures, the information disclosure documents of the Fund include the Prospectus
Fund Contract, Fund Custody Agreement, Fund Product Information Summary, Fund Unit Offering Announcement, Fund Agreement
The same "effective announcement, fund net value information, fund share subscription, redemption price, regular report, interim report
Clarification announcement, resolution of the general meeting of fund share holders, information disclosure during the implementation of the side pocket mechanism, liquidation report
Letter on investment in stock index futures, treasury bond futures, asset-backed securities, restricted circulation securities, and Hong Kong stocks
Other necessary announcement documents such as interest disclosure and other information required by the CSRC shall be drafted by the fund manager
And be responsible for publishing.
The Fund Custodian shall comply with relevant laws, administrative regulations, the provisions of the CSRC and the Fund Contract
The net asset value of the fund, the net value of various fund units and the performance of the fund prepared by the fund manager
Data, fund share subscription, redemption price, regular fund report, updated prospectus, fund products
Review and review relevant fund information publicly disclosed, such as data summary and fund liquidation report, and report to the fund
The administrator shall make written or electronic confirmation.
The financial report part of the annual report of the Fund is subject to the accounting provisions of the Securities Law of the People's Republic of China
It can be disclosed only after being audited by the accounting firm.
The fund manager shall, within the time limit prescribed by the CSRC, pass the regulations on the fund information to be disclosed
Determine the media disclosure. According to laws and regulations, the Fund Custodian will disclose the information that should be publicly disclosed by the Fund Custodian through
It is required to make public disclosure in newspapers or on the Internet website of the Fund Custodian.
The information text to be disclosed shall be deposited with the fund manager/fund custodian, and investors can enjoy free of charge
Lookup. Copies of the above documents can be obtained within a reasonable time after paying the cost of production. fund management
The Fund Custodian and the Fund Custodian shall ensure that the content of the text is completely consistent with the content of the announcement.
（3） 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.
11、 Fund expenses
（1） Accrual proportion and method of fund management fee
The fund management fee is accrued at the annual fee rate of 0.8% of the net asset value of the fund.
Under normal circumstances, the fund management fee is accrued at an annual fee rate of 0.8% of the net asset value of the fund on the previous day. meter
The calculation 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
（2） Accrual proportion and method of fund custody fee
The fund custody fee is accrued at an annual fee rate of 0.15% of the net asset value of the fund.
Under normal circumstances, the fund custody fee is accrued at an annual fee rate of 0.15% of the net asset value of the fund on the previous day. meter
The calculation method is as follows:
H ＝ E × 0.15% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
（3） Accrual proportion and method of 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 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.
（4） Fund securities, futures trading fees, fund information disclosure fees (but laws and regulations, China Securities
Unless otherwise specified by the Regulatory Commission), the fees for the general meeting of fund share holders, and the fees for the general meeting of fund share holders
Accounting fees, attorney fees, notarization fees, legal fees and arbitration fees, fund bank transfer fees, accounts
Basis for account opening fees, account maintenance fees, and various reasonable expenses incurred from investing in Hong Kong stocks
The Fund Custodian shall transfer funds according to the provisions of relevant laws and regulations, the Fund Contract and corresponding agreements
Order and pay according to the actual amount of expenses, which are included in the current fund expenses.
（5） Items not included in fund expenses
Expenses or funds incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations
Losses of gold property, related expenses before the Fund Contract comes into effect (including but not limited to capital verification fees, accountants
And attorney fees, information disclosure fees, etc.), expenses incurred in handling matters unrelated to fund operation
Items that shall not be included in the fund expenses according to relevant laws and regulations and the relevant provisions of the CSRC shall not be included
Fund entry fees.
（6） Review procedure, payment method and time of fund management fee, fund custody fee and sales service fee.
Fund management fees, fund custody fees, sales service fees, etc. accrued by the Fund Custodian to the Fund Manager,
Review in accordance with the relevant provisions of this Custody Agreement and the Fund Contract.
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.
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.
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.
（7） If the Fund Custodian finds that the Fund Manager violates the relevant provisions of relevant laws and regulations and
The fund manager has the right to request the fund manager to make a written request for expenses to be disbursed from the fund property as agreed in the gold contract and this agreement
Explain in person that if the Fund Custodian believes that the Fund Manager has no legitimate or reasonable reasons, it may refuse to pay.
12、 Custody of the Register of Fund Unitholders
The Fund Manager and the Fund Custodian shall respectively keep the register of fund unit holders, including
The effective date of the Fund Contract, the termination date of the Fund Contract, the registration date of the rights and interests of the Fund Unitholders' Meeting
List of fund unit holders on June 30 and December 31. The contents of the register of fund unit holders must
Including the name of the fund share holder and the fund shares held.
The register of fund unit holders shall be prepared by the fund registration authority of the fund in accordance with the instructions of the fund manager
Custody. The Fund Manager and the Fund Custodian shall respectively keep the names of the holders of the Fund units in accordance with the current relevant rules
Volume. The storage mode can be electronic or document. The retention period of the fund share registration authority is from the fund
The account cancellation date shall not be less than 20 years, unless otherwise specified by laws, regulations or regulatory rules.
The Fund Manager shall timely submit to the Fund Custodian the register of Fund Unitholders on the following dates:
The effective date of the Fund Contract, the termination date of the Fund Contract, the registration date of the rights of the Fund Unitholders' General Meeting
The register of fund unit holders on June 30 and December 31 of each year. Register of Fund Unitholders
The content of "" must include the name of the fund unit holder and the fund units held by him. Including December 31 of each year
The register of fund unit holders shall be submitted within the first ten working days of the next month; Effective date of the Fund Contract
The list of fund share holders involved in the important event date of the fund such as the termination date of the gold contract shall be kept after the occurrence date
Submit within ten working days.
The Fund Custodian shall properly keep the register of Fund Unitholders in electronic form and regularly carve it into CD
The storage period is 20 years, unless otherwise specified by laws, regulations or regulatory rules. Fund Custodian No
The register of fund unit holders in custody may be used for purposes other than fund custody business, and shall comply with
Confidentiality obligations.
If the fund manager or fund custodian is unable to properly keep the name of the fund unit holder due to its own reasons
And shall bear corresponding responsibilities according to relevant laws and regulations.
13、 Preservation of Fund related documents and archives
The Fund Manager and the Fund Custodian shall keep complete original vouchers, accounting vouchers and fund accounts according to their respective responsibilities
Books, transaction records and important contracts, etc., with a retention period of not less than 20 years, but otherwise stipulated by laws, regulations or regulatory rules
Unless otherwise specified, it has the obligation to keep relevant information confidential, but the situation of judicial compulsory inspection and the provisions of laws and regulations
Except in other circumstances. The Fund Manager shall keep records, account books
Statements and other relevant materials. The Fund Custodian shall keep records, account books and statements of fund custody business activities
And other relevant information.
After the Fund Manager signs a major contract, it shall promptly deliver the original of the contract to the Fund Custodian.
The Fund Manager shall timely fax the contracts and agreements related to the accounting treatment and fund allocation of the Fund to the Fund
Gold Custodian.
After the change of the Fund Manager or the Fund Custodian, the party that has not changed is obliged to assist the successor in receiving the Fund
Related documents of.
14、 Replacement of Fund Manager and Fund Custodian
（1） Replacement of Fund Manager
1. Conditions for replacement of the Fund Manager
Under any of the following circumstances, the Fund Manager may be replaced:
(1) The qualification of fund manager 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 changing the 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
Of fund managers form a resolution, which is subject to the voting rights held by fund share holders attending the meeting
More than two thirds (including two thirds) of the votes are passed, and the resolution shall come into force as of the date of voting;
(3) Temporary fund manager: before the new fund manager is appointed, the temporary fund manager shall be
Managers, fund custodians, and fund units that individually or collectively hold more than 10% (including 10%) of fund units
As nominated by the holder, the CSRC shall select the best candidate from the nominees and appoint temporary management according to the Fund Law
Manage people. The Fund Manager, the Fund Custodian, individually or jointly holding more than 10% (including 10%) of the Fund shares
If none of the fund unit holders has nominated, 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
Case;
(5) Announcement: After the replacement of the Fund Manager, the Fund Custodian shall replace the Fund Manager's shares of the Fund
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
Information on fund management business, timely handling fund management business with the temporary fund manager or the new fund manager
The temporary fund manager or the new fund manager shall accept the handover 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
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 accounting firm in accordance with laws and regulations
The financial office shall audit the fund assets, announce the audit results, and report to the CSRC for filing and review
The accrued expenses shall be borne by the fund property;
(8) Change of fund name: after the replacement of the 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.
3. After the original fund manager's duties are terminated, the new fund manager or temporary fund manager accepts the fund
Prior to the fund management business, the former fund manager and fund custodian shall take prudent measures to ensure the safety of the fund assets
All, without causing any loss to the interests of fund share holders, and is obligated to assist the new fund manager or temporarily
The Fund Manager shall resume the investment operation of the Fund assets as soon as possible.
（2） Replacement of Fund Custodian
1. Conditions for replacement of the Fund Custodian
The Fund Custodian may be replaced under any of the following circumstances:
(1) The Fund Custodian is disqualified 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 changing 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 shall form a resolution, which shall be subject to the voting rights held by the Fund Unitholders attending the meeting
More than two thirds (including two thirds) of the votes are passed, and the resolution shall come into force as of the date of voting;
(3) Temporary Fund Custodian: Before the new Fund Custodian is appointed, the CSRC shall appoint a temporary fund custodian
Fund custodian;
(4) Filing: The resolution of the General Meeting of Fund Unitholders to change the Fund Custodian must be filed by the CSRC
Case;
(5) Announcement: After the replacement of the Fund Custodian, the Fund Manager shall change the Fund shares 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 industry
To handle the transfer procedures of fund assets and fund custody business in a timely manner
The Fund Custodian shall take over in a timely manner. Temporary Fund Custodian or New Fund Custodian and Fund Manager
Total value and net value of fund assets;
(7) Audit: If the duties of the Fund Custodian are terminated, an accounting firm shall be employed in accordance with laws and regulations
The financial office shall audit the fund assets, announce the audit results, and report to the CSRC for filing and review
The accrued expenses shall be borne by the fund property.
3. The new Fund Custodian or temporary Fund Custodian takes over the Fund after the duties of the original Fund Custodian are terminated
Prior to the assets and fund custody business, the original fund custodian and fund manager shall take prudent measures to ensure the fund assets
Security of assets, no loss to the interests of fund share holders, and the obligation to assist the new fund custodian
Or the temporary fund custodian shall hand over the fund assets as soon as possible.
（3） 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.
15、 Prohibited acts
The behaviors prohibited by the parties to the custody agreement include but are not limited to:
（1） The Fund Manager and the Fund Custodian confuse their own property or other people's property with the Fund property
Engaged in securities investment.
（2） The Fund Manager and the Fund Custodian treat unfairly the different funds under their management or custody
Production.
（3） The Fund Manager and the Fund Custodian are the Fund Unitholders by taking advantage of the Fund assets or their positions
Others seek benefits.
（4） The Fund Manager and the Fund Custodian promise the Fund Unitholders gains or bear losses in violation of regulations
Loss.
（5） The Fund Manager and the Fund Custodian disclose to others any failure to comply with the law during the operation of the Fund
Information disclosed publicly in the manner prescribed by laws and regulations.
（6） The Fund Manager issues investment instructions and
Transfer instructions for redemption and dividend funds, or issuing instructions to the fund custodian in violation of regulations.
（7） The Fund Custodian delays or refuses to execute the normal and effective instructions of the Fund Manager.
（8） The Fund Manager and the Fund Custodian are not independent in administration and finance, and their senior fund management
Personnel take part-time jobs with each other.
（9） The Fund Custodian privately uses or disposes of the Fund assets, according to the legal instructions of the Fund Manager
Except for the disposal as stipulated in the fund contract or custody agreement.
（10） The Fund Manager and the Fund Custodian may not use the Fund assets for the following investments or activities:
(1) Underwriting securities; (2) Lending or providing guarantee to others in violation of regulations; (3) Engaged in unlimited liability
Any investment; (4) Buying and selling other fund units, except as otherwise stipulated by the CSRC; (5) To
Contribution by the Fund Manager and the Fund Custodian; (6) Engaging in insider trading, manipulating securities trading prices and other non
Legitimate securities trading activities; (7) Other activities prohibited by laws, administrative regulations and the CSRC.
（11） Other acts prohibited by laws and regulations and the Fund Contract, and in accordance with relevant laws and regulations
And other acts prohibited by the CSRC from fund managers and fund custodians.
（12） If laws and regulations or regulatory authorities cancel or change the above prohibitive provisions
After the Fund Manager performs the appropriate procedures, the Fund will no longer be subject to the relevant restrictions or the changed provisions
Execution.
16、 Change and termination of fund custody agreement and liquidation of fund assets
（1） Change and termination of custody agreement
1. Change procedure of custody agreement
The parties to this agreement may change the contents of the agreement upon consensus. After change
The contents of the Custody Agreement of the Fund shall not conflict with the provisions of the Fund Contract. Fund Custodian Association
The change of the discussion shall be reported to the CSRC for filing.
2. Termination of Fund Custody Agreement
This Escrow Agreement shall be terminated after performing relevant procedures in the following cases:
(1) The Fund Contract is terminated;
(2) The Fund Custodian is dissolved, legally revoked, bankrupt or has other Fund Custodian take over the Fund
Gold assets;
(3) The Fund Manager is dissolved, revoked, bankrupt or taken over by other Fund Managers
Financial management right;
(4) In case of termination under laws and regulations or the Fund Contract.
（2） 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. Before the fund assets liquidation team takes over the fund assets, the fund manager or temporary fund manager
And the Fund Custodian shall continue to protect the assets of the Fund in accordance with the provisions of the Fund Contract and this Custodian Agreement
Full responsibility.
3. 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 and the legal person who meet the provisions of the Securities Law of the People's Republic of China
And the personnel designated by the CSRC. The Fund assets liquidation team may employ necessary staff.
4. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
5. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Asset Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to 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.
6. 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.
7. 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.
8. The fund assets shall be paid off in the following order:
(1) Payment of clearing fees;
(2) Pay the taxes owed;
(3) Pay off fund debts;
(4) It shall be distributed in proportion to the fund units held by the fund unit holders.
Fund assets shall not be distributed to fund share holders until they have been paid off in accordance with the provisions of Items (1) - (3) of the preceding paragraph.
（3） 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 in accordance with
The accounting firm stipulated in the Securities Law of the People's Republic of China shall audit and the legal opinion shall be issued by the law firm and then submitted
The CSRC shall record and announce. The fund assets liquidation announcement shall be submitted to the CSRC in the fund assets liquidation report for filing
The Fund Assets Liquidation Group shall make an announcement within 5 working days after the case.
（4） 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.
17、 Anti Corruption and Commercial Bribery Clause
（1） The Custodian and its directors, employees, officers, consultants, agents or any other representatives
Individuals who act (collectively referred to as "Custodian Personnel") are aware of and strictly abide by all relevant regulations on anti-corruption, anti commercial bribery
Anti unfair competition, financial accounting system and other relevant laws and regulations, knowing that any form of bribery and corruption will
Violate the law and will be punished by the law.
（2） The Custodian further represents and warrants that the Custodian and its personnel will not
Will directly or indirectly promise to give or pay any consideration (including money, gifts, travel, entertainment or
To: (a) improperly affect any government, state-owned enterprises, institutions and unincorporated organizations
Public organizations, regulators or any officials, employees, agents or representatives (including any political parties, candidates,
Officials or representatives of political parties) to obtain illegitimate interests; （b）
Induce any person to violate his duty to the client (whether a public or private entity); Or (c) promote or accelerate
Government action or approval. The custodian, the custodian's employees and relevant personnel shall not report to the manager, the third party or the management
And the actual controller, shareholder, director, senior manager, handler or other relevant personnel of the third party
Any interest not agreed in the contract, including but not limited to explicit deduction, secret deduction, cash, shopping card, physical object
Securities, equity, commission return, tourism or other non-material interests, or providing a proxy for the above
Convenience for holding. "Other related persons" refer to those who have direct or indirect interests in the contract other than those listed
Related personnel, including but not limited to relatives and friends of listed personnel.
（3） The Custodian shall prepare accurate accounts, records and
Accounting books.
（4） The fund exchange between the custodian and the manager is only through the company's account, and no cash out or withdrawal is allowed
For kickbacks and any form of violations of laws, regulations and financial systems, and not for any commercial bribery
He is convenient.
（5） The trustee knows that the financial department (021-20628080) and supervision department accept the report of the manager
Audit Department (021-20628090), if the manager and custodian receive any relevant information
The Custodian will report to the Administrator any explicit or implicit act of soliciting any benefits.
18、 Liability for breach of contract
（1） If the Fund Manager or the Fund Custodian fails to perform this Custodian Agreement or perform this Custodian Agreement
If the negotiation does not conform to the agreement, it shall be liable for breach of contract.
（2） Where the breach of the trusteeship agreement causes damage to the fund property or the fund unit holders,
They shall be liable for compensation for their respective acts in accordance with the law, and shall give fund assets or fund shares due to joint acts
If the holder causes damage, he shall bear joint and several liability for compensation. Compensation for losses shall be limited to direct losses,
After assuming joint and several liabilities, one party has the right to claim compensation from the other party according to the degree of fault of the other party. However, in the following cases,
Disclaimer of parties:
1. The Fund Manager and/or the Fund Custodian shall, in accordance with the then effective laws and regulations, market trading rules or
Losses caused by acts or omissions specified by the CSRC;
2. The Fund Manager exercises or does not exercise its investment in accordance with the investment principles specified in the Fund Contract
Losses caused by asset rights, etc;
3. Force majeure.
（3） If a party to the trusteeship agreement violates the trusteeship agreement and causes losses to the other party, it shall bear
Liability.
（4） If one party breaches the contract, the non breaching party is obliged to take necessary measures in a timely manner within its scope of responsibility
Measures to prevent the expansion of losses. If the loss is further expanded due to failure to take appropriate measures, it shall not be expanded
Claim compensation for large losses. The reasonable expenses incurred by the non defaulting party to prevent the loss from expanding shall be borne by the defaulting party.
（5） If the breach of contract has occurred, but this custody agreement can continue to be performed
The Fund Manager and the Fund Custodian shall continue to perform this Agreement on the premise of protecting the interests of the Fund Unitholders.
（6） The losses referred to in this agreement are direct losses.
19、 Dispute resolution
The parties concerned agree that all disputes arising out of or in connection with this Agreement, unless
If the dispute can be settled through friendly negotiation, it shall be submitted to China International Economic and Trade Arbitration Commission, which shall be effective at that time
The arbitration shall be conducted in Beijing according to the arbitration rules of
It is binding. Unless otherwise decided by the arbitration award, the arbitration fee shall be borne by the losing party.
During the dispute settlement period, the parties concerned shall abide by the responsibilities of the Fund Manager and the Fund Custodian and continue to
Faithfully, diligently and dutifully perform the obligations specified in the Fund Agreement and the Custody Agreement, and maintain the holding of fund units
The legitimate rights and interests of others.
This agreement is governed by the laws of China (for the purpose of this agreement, excluding Hong Kong Special Administrative Region and Macao Special Administrative Region
The laws of the administrative region and Taiwan), and shall be interpreted accordingly.
20、 Effectiveness of the Fund Custody Agreement
（1） The Fund Custodian Agreement submitted by the Fund Manager when applying to the CSRC for the sale of fund units
Discussion drafts, which are sealed by both parties to the custody agreement and legal representatives or authorized representatives of both parties
Both parties may revise the draft custody agreement from time to time according to the opinions of the CSRC. trusteeship
The official text of the agreement shall be the text registered by the CSRC.
（2） The Fund Custody Agreement shall be established as of the establishment date of the Fund Contract and shall come into force as of the Fund Contract
Effective from the date of. The validity period of the Fund Custody Agreement shall be from the effective date to the report of the liquidation results of the Fund assets
The date of filing and announcement by the CSRC.
（3） The Fund Custody Agreement shall have the same legal binding force on the parties to the Custody Agreement as of the effective date.
（4） The original of the fund custody agreement is in triplicate. In addition to one copy submitted to the relevant regulatory authority, the fund management
The Fund Custodian and the Fund Custodian respectively hold one copy, each of which has the same legal effect.
21、 Signing of Fund Custody Agreement
After this Custody Agreement is approved by the Fund Manager and the Fund Custodian, the two parties shall place the funds in custody
The agreement shall be sealed and signed by their respective legal representatives or authorized representatives, and the signature of the fund custody agreement shall be indicated
Place and date of signing.
This page is intentionally left blank and is for the purpose of signing the Custody Agreement of Morgan Yuexiang Return 6-month Holding Period Hybrid Securities Investment Fund
Word page.
Seal and Law of the Parties to the Custody Agreement of Morgan Yuexiang Return 6-month Holding Period Hybrid Securities Investment Fund
Signature, signing place and signing date of legal representative or authorized representative
Fund manager: Morgan Fund Management (China) Co., Ltd. (seal)
Legal representative or authorized representative: (signature)
Fund Custodian: Industrial and Commercial Bank of China Limited (seal)
Legal representative or authorized representative: (signature)
Signed at: Beijing, China
Signed on: