Wanjia Fund Management Co., Ltd
Wanjia Research Pilot Hybrid Securities Investment Fund
Fund contract
Fund Manager: Wanjia Fund Management Co., Ltd
Fund Custodian: Agricultural Bank of China Limited
April, 2014
catalog
Part I Preface one
Part II Definition three
Part III Basic Information of the Fund nine
Part IV Sale of Fund Units eleven
Part V Fund Filing thirteen
Part VI Subscription and Redemption of Fund Units fourteen
Part VII Parties to the Fund Contract and Their Rights and Obligations twenty-four
Part VIII General Meeting of Fund Unitholders thirty-two
Part IX Conditions and Procedures for Replacement of Fund Manager and Fund Custodian forty
Part X Custody of the Fund forty-four
Part XI Registration of Fund Units forty-five
Part XII Investment of the Fund forty-seven
Part XIII Assets of the Fund fifty-seven
Part XIV Valuation of Fund Assets fifty-eight
Part XV Fund Fees and Taxes sixty-five
Part XVI Income and Distribution of the Fund sixty-eight
Part XVII Accounting and Audit of the Fund seventy
Part XVIII Information Disclosure of the Fund seventy-one
Part XIX Change and Termination of the Fund Contract and Liquidation of the Fund Assets seventy-nine
Part XX Liability for Breach of Contract eighty-one
Part XXI Dispute Settlement and Applicable Law eighty-two
Part XXII Effectiveness of the Fund Contract eighty-three
Part XXIII Other Matters eighty-four
Part XXIV Summary of Fund Contract eighty-five
Part I Preface
1、 Purpose, Basis and Principle of the Fund Contract
1. The purpose of concluding a fund contract is to protect the legitimate rights and interests of investors and clarify the rights of the parties to the fund contract
Benefit obligation, standardize fund operation.
2. The Fund Contract is concluded on the basis of the Civil Code of the People's Republic of China and the Certificate of the People's Republic of China
Securities Investment Fund Law (hereinafter referred to as "the Fund Law"), Operation Management Office of Publicly Offered Securities Investment Fund
Law of the People's Republic of China (hereinafter referred to as the "Operation Measures"), Supervision and Administration Office of Publicly Offered Securities Investment Fund Sales Institutions
Law of the People's Republic of China (hereinafter referred to as "Sales Measures"), Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds
(hereinafter referred to as "Information Disclosure Measures"), "Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds"
Provisions on Liquidity Risk Management (hereinafter referred to as "Provisions on Liquidity Risk Management") and other relevant laws and regulations.
3. The principles for concluding a fund contract are equality, voluntariness, honesty and credibility, and full protection of the legitimate rights and interests of investors.
2、 The fund contract is the basic legal document that stipulates the rights and obligations between the parties to the fund contract
Any document or statement relating to the rights and obligations of the parties to the fund contract related to the fund, such as
In case of any conflict in the fund contract, the fund contract shall prevail. The parties to the fund contract shall comply with the Fund Law and the fund contract
And other relevant provisions.
The parties to a fund contract include the fund manager, the fund custodian and the fund unit holders. Fund investment
When an investor acquires fund units in accordance with the fund contract, he or she becomes the holder of fund units and a party to the fund contract,
Its holding of fund shares itself indicates its recognition and acceptance of the fund contract.
3、 Wanjia Research Pilot Hybrid Securities Investment Fund is managed by the fund manager in accordance with the Fund Law
The shares are raised according to the contract and other relevant regulations, and have been approved by the China Securities Regulatory Commission (hereinafter referred to as "CSRC")
Will ") register.
The registration of the Fund raised by the CSRC does not indicate the investment value of the Fund and the market value of the Fund
The fact that the Fund makes substantive judgments or guarantees does not mean that there is no risk in investing in the Fund.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, there is no guarantee that investment in the Fund will be profitable, nor will there be any guarantee of minimum return.
Investors should carefully read the fund prospectus, fund contract, fund product information summary and other information
Disclose documents, judge the investment value of the fund independently, make investment decisions independently, and bear investment risks independently.
4、 The Fund Manager and the Fund Custodian disclose information related to the Fund outside the Fund Contract
It involves defining the rights and obligations between the parties to the fund contract. In case of conflict with the fund contract
The contract shall prevail.
5、 The Fund is established and operated in accordance with Chinese laws and regulations
If the mandatory provisions of laws and regulations are inconsistent, the provisions of the then effective laws and regulations shall prevail.
6、 To hedge credit risk, the Fund may invest in credit derivatives, which may
It is exposed to liquidity risk, repayment risk and price fluctuation risk.
7、 The investment scope of the Fund includes depositary receipts, except for other funds that only invest in stocks in the domestic market
In addition to the common risks faced by the Fund, the Fund will also face special risks of investing in depositary receipts. The specific risks are detailed in
See the "Risk Disclosure" section of the Prospectus.
8、 The Fund participates in the trading of Hong Kong Stock Connect, and the Fund can allocate market links according to the needs of investment strategies or different configurations
Change of environment, choose to invest some assets in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks
Property is not necessarily invested in Hong Kong stocks.
9、 The scope of trading allowed by the Fund's investment in the trading interconnection mechanism between the mainland and Hong Kong stock markets
The stock listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong Stock General Target Stock") in Hong Kong
The unique wind brought by the differences in investment environment, investment object, market system and trading rules under the stock exchange mechanism
Insurance, including the risk of large fluctuations in the stock price of the Hong Kong stock market (the Hong Kong stock market implements T+0 reverse trading, and
There is no limit on rise and fall, and the stock price of Hong Kong shares may show more drastic fluctuations than that of A-shares), exchange rate risk
(Exchange rate fluctuations may cause losses to the investment income of the Fund), the possibility of inconsistent trading days under the Hong Kong Stock Connect mechanism
Risks (when the mainland opens and the Hong Kong market is closed, the Hong Kong Stock Connect cannot be traded normally, and Hong Kong stocks cannot reach
And may bring a certain liquidity risk). See "Risk Disclosure" in the Prospectus for specific risks
part.
10、 When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager shall
After the corresponding procedures, the side pocket mechanism can be started. See the relevant sections of the fund contract and prospectus for details.
During the implementation of the side pocket mechanism, the fund manager will mark the fund abbreviation specially and will not handle the side pocket account
Subscription and redemption of. Please read the relevant content carefully and pay attention to the side pocket mechanism of the Fund
Specific risks.
Part II Interpretation
In the Fund Contract, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: Wanjia Research Pilot Hybrid Securities Investment Fund
2. Fund Manager: Wanjia Fund Management Co., Ltd
3. Fund Custodian: Agricultural Bank of China Limited
4. Fund contract, "Fund Contract": refers to the "Vanguard Research Pilot Hybrid Securities Investment Fund"
The Fund Agreement and any effective amendments and supplements to the Fund Agreement
5. Custody Agreement: refers to the "Wanjia Research Pilot" signed between the Fund Manager and the Fund Custodian for the Fund
Mixed Securities Investment Fund Custody Agreement and any effective amendments and supplements to the Custody Agreement
6. Prospectus: refers to the Prospectus of Wanjia Research Pilot Hybrid Securities Investment Fund and
to update
7. Summary of fund product information: refers to the fund product information of Wanjia Research Pilot Hybrid Securities Investment Fund
Material Summary and its update
8. Fund unit offering announcement: refers to the Fund Unit Offering of Wanjia Research Pilot Hybrid Securities Investment Fund
Sales Announcement
9. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
10. "Fund Law": refers to the Securities Investment Fund Law of the People's Republic of China and its promulgation authority from time to time
Amendments made
11. Sales Measures: refer to the Supervision and Administration Measures for Publicly Offered Securities Investment Fund Sales Agencies
As amended from time to time by the promulgating authority
12. Information Disclosure Measures: refer to the Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds and its promulgation
As amended from time to time by the promulgating authority
13. Operational Measures: refer to the Administrative Measures for the Operation of Publicly Offered Securities Investment Funds and the regulations issued by the issuing authority
As amended from time to time
14. Liquidity Risk Management Regulations: refers to the liquidity risk of publicly offered open-ended securities investment funds
Administrative Provisions and amendments made by the issuing authority from time to time
15. China Securities Regulatory Commission: China Securities Regulatory Commission
16. Banking regulatory authority: refers to the People's Bank of China and/or the State Administration of Financial Supervision, etc
Institutions that supervise and manage banking financial institutions
17. Parties to the Fund Contract: refer to those who are bound by the Fund Contract and enjoy rights and assume obligations under the Fund Contract
The legal subjects of the Fund, including the Fund Manager, the Fund Custodian and the Fund Unitholders
18. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
19. Institutional investors: refer to those who can invest in securities investment funds according to law and are located in the People's Republic of China
Enterprise legal person, public institution legal person and society legally registered and existing or established and existing with the approval of relevant government departments
Groups or other organizations
20. QFII: refers to qualified foreign institutional investors and RMB qualified foreign institutions
The Measures for the Administration of Domestic Securities and Futures Investment of Investors and relevant laws and regulations require the use of funds from overseas to
Foreign institutional investors investing in domestic securities and futures, including qualified foreign institutional investors and qualified RMB
Foreign institutional investors
21. Investors, investors: individual investors, institutional investors, qualified foreign investors and
Other investors allowed by laws and regulations or the CSRC to purchase securities investment funds
22. Fund share holder: refers to the investment legally obtained from fund shares in accordance with the fund contract and prospectus
people
23. Fund sales business: it refers to the opening of fund trading accounts for investors, the promotion of funds, and the handling of funds
Sale, subscription, redemption, conversion, custody transfer, fixed investment and provision of fund transaction account letter
Information inquiry and other activities
24. Sales agency: refers to Wanjia Fund Management Co., Ltd. and conforms to the Sales Measures and the China Securities Regulatory Commission
Other conditions stipulated by the Fund Management Committee, obtaining the qualification of fund sales business and signing the fund sales service with the fund manager
Agreement, the institution handling fund sales business
25. Registration business: refers to fund registration, custody, transfer, clearing and settlement business, including
Establishment and management of investor's fund account, registration of fund shares, confirmation, liquidation and settlement of fund sales business
Calculate and distribute dividends on behalf of others, establish and keep the register of fund share holders and handle non trading transfer, etc
26. Registration agency: refers to the agency that handles registration business. The registration agency of the fund is Wanjia Fund Management Co., Ltd
Limited companies or institutions entrusted by Wanjia Fund Management Co., Ltd. to handle registration business
27. Fund account: refers to the fund manager's account opened by the registration institution for investors, which records their holdings
Account for the balance of fund units under management and their changes
28. Fund transaction account: it refers to the account opened by the sales agency for the investor to record the investor's passing through the sales machine
The foundation arising from the organization of subscription, subscription, redemption, conversion, custody transfer and fixed investment plan and other businesses
Accounts for changes in gold shares and balances
29. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract,
The fund manager has completed the fund filing formalities with the CSRC and obtained the written confirmation of the CSRC
date
30. Fund contract termination date: refers to the date when the fund contract termination causes specified in the fund contract occur
The date on which the liquidation results are reported to the CSRC for filing and announcement after the completion of liquidation
31. Fund raising period: refers to the period from the date of offering of fund units to the date of closing the offering, with the longest
Not more than 3 months
32. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
33. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
34. T day: refers to that the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
working day
35. T+n day: refers to the nth working day from T day (excluding T day), and n is a natural number
36. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units (if
If the working day is not a Hong Kong Stock Connect trading day, the Fund Manager has the right to suspend the subscription and redemption of fund units
Business)
37. Opening Hours: refers to the time period during which the fund accepts subscription, redemption or other business on an open day
38. Business Rules: refers to Wanjia Fund Management Co., Ltd. or accepts the commission of Wanjia Fund Management Co., Ltd
The relevant business rules of the institutions entrusted to handle registration business are open and standardized
The business rules on the registration of securities investment funds shall be jointly observed by the fund manager and investors
39. Subscription: during the fund raising period, investors apply for
Please purchase fund shares
40. Subscription: after the Fund Contract comes into effect, the investor applies for
Please purchase fund shares
41. Redemption: refers to that after the Fund Contract comes into effect, the Fund Unitholders shall comply with the provisions of the Fund Contract and the Prospectus
The act of converting fund units into cash under specified conditions
42. Fund conversion: refers to the Fund Unitholders' effective announcement at that time in accordance with the Fund Agreement and the Fund Manager
To apply for converting the fund units of a fund managed by the fund manager into funds
Behavior of other fund units managed by the manager
43. Custody transfer: refers to the change place implemented by the Fund Unitholders between different sales agencies of the Fund
Operation of sales institutions holding fund units
44. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency, and the agreement on each application
The purchase date, purchase amount and deduction method shall be recorded by the sales agency in the bank account designated by the investor on the agreed purchase date of each period
An investment method for automatically completing deduction and accepting fund purchase applications in the account
45. Massive redemption: refers to the net redemption application of the Fund on a single open day (the total number of redemption application units
Add the total number of transferred out application units in fund conversion and deduct the total number of subscription application units and transferred in in fund conversion
The balance after the total number of applied shares) exceeds 10% of the total fund shares of the previous working day
46. RMB: refers to RMB
47. Fund income: refers to dividend, dividend, bond interest, price difference of securities, silver
Savings on bank deposit interest, other legal income realized and costs and expenses arising from the use of fund assets
48. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of funds and other assets
49. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
50. Net value of fund units: refers to the net value of fund assets on the calculation date divided by the total number of fund units on the calculation date
51. Fund asset valuation: It refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets
Value and net value of fund units
52. Regulated media: national reports for information disclosure that meet the conditions specified by the CSRC
Internet websites (including the website of the fund manager and the website of the fund custodian) specified in the Information Disclosure Measures
Website, CSRC fund electronic disclosure website) and other media
53. Sales service fee: It refers to the amount withdrawn from the fund property for the marketing, sales and
Service fees for fund share holders
54. Liquidity restricted assets: refer to assets that cannot be used due to laws and regulations, supervision, contracts or operational barriers
Assets realized at a reasonable price, including but not limited to reverse repurchase with maturity of more than 10 trading days
Fixed deposits with banks (including bank deposits that are conditionally withdrawn in advance as agreed in the agreement), suspended shares, and negotiable securities
Limited new shares, non-public shares, asset-backed securities, inability to transfer due to the issuer's debt default, or
Traded bonds, etc
55. Swing pricing mechanism: when the Fund is subject to large purchase and redemption, the net amount of fund units will be adjusted
The market shock cost of the fund's adjusted portfolio is allocated to the investors who actually subscribe and redeem,
So as to reduce the adverse impact on the interests of stock fund share holders and ensure that the legitimate rights and interests of investors are not damaged
Harm and get fair treatment
56. Side pocket mechanism: refers to the separation of specific assets in the fund portfolio from the original account to a special
The purpose of account settlement is to effectively isolate and defuse risks and ensure that investors are treated fairly,
It is a liquidity risk management tool. During the implementation of the side pocket mechanism, the original account is called the main pocket account and the special account
The account is called side pocket account
57. Specific assets: including: (I) There is no active market price to refer to and the valuation technology is still adopted
Assets with significant uncertainty in fair value; （2） Measured at amortized cost and provision for asset impairment
Assets that still lead to significant uncertainty of asset value; （3） Significant inaccuracy in the value of other assets
Qualitative assets
58. Conversion of fund shares: refers to that the fund manager, according to the needs of fund operation, determines whether the net asset value of the fund is
Under the premise of change, adjust the total amount of fund units and the net value of fund units according to a certain proportion
59. Credit derivatives: comply with the relevant trading rules of the stock exchange and the inter-bank market, and are specially used to manage
Credit derivatives for managing credit risk
60. Credit risk protection buyer: refers to the buyer of credit protection and the party receiving credit risk protection
61. Credit risk protection seller: refers to the credit protection provider, the party providing credit risk protection
62. Nominal principal: also known as transaction nominal principal, it is a credit derivatives transaction providing credit derivatives
The amount of risk protection, and the payment and settlement of credit derivatives are calculated based on this amount
63. Trading interconnection mechanism between mainland and Hong Kong stock markets: Shanghai Stock Exchange and Shenzhen Securities
The Exchange and the Stock Exchange of Hong Kong Limited (hereinafter referred to as "the Stock Exchange of Hong Kong") have established technology
Technical connection, enabling mainland and Hong Kong investors to buy and sell securities within the specified scope through local securities companies or brokers
Shares listed on the opposite exchange. Trading interconnection mechanism between mainland and Hong Kong stock markets includes Shanghai and Hong Kong stock markets
Market transaction interconnection mechanism (hereinafter referred to as "Shanghai Hong Kong Stock Connect") and Shenzhen Hong Kong stock market transaction interconnection mechanism
(hereinafter referred to as "Shenzhen Hong Kong Stock Connect")
64. Hong Kong Stock Connect: refers to the mainland securities companies entrusted by the mainland investors through the Shanghai Stock Exchange and Shenzhen
A securities trading service company established by a stock exchange or an institution recognized by the China Securities Regulatory Commission shall pay to Hong Kong United Stock Exchange
Exchange Limited makes declaration (order transmission) and trades in Hong Kong within the scope of Shanghai Hong Kong Stock Connect and Shenzhen Hong Kong Stock Connect
Stock listed on the Unified Exchange
65. Force majeure: refers to objective events that the parties to the fund contract cannot foresee, avoid and overcome
piece
Part III Basic Information of the Fund
1、 Fund name
Wanjia Research Pilot Hybrid Securities Investment Fund
2、 Category of fund
Hybrid securities investment fund
3、 Operation mode of the fund
Contractual and open
4、 Investment objectives of the Fund
Under the premise of strict risk control, the Fund gives full play to its ability to conduct professional research and select individual stocks, and strives to
Realize long-term appreciation of fund assets.
5、 Total minimum raised shares of the Fund
The minimum total number of units raised by the Fund is 200 million.
6、 Selling face value and subscription fees of fund units
The selling face value of the Fund units is RMB 1.00.
The subscription rate for Class A fund units of the Fund is based on the prospectus, fund product information summary and other documents
Implementation of the provisions of. There is no subscription fee for Class C fund units of the Fund.
7、 Duration of the Fund
Irregular
8、 Type of Fund Units
The Fund divides the Fund units into different categories. Receive subscription/application when investors subscribe/subscribe for funds
The fund shares for which the purchase fee is no longer withdrawn from the fund assets of this category are referred to as Category A funds
Gold share; Funds that withdraw sales service fees from fund assets of this category, but do not charge subscription/purchase fees
Shares are called Class C fund shares. The setting and level of relevant rates are shown in the Prospectus or relevant announcements
Listed in.
Each fund unit of the Fund shall be coded separately, and the net value of fund units and cumulative fund units shall be published separately
Net worth.
When subscribing/subscribing for fund units, investors can choose the type of fund units by themselves. Different funds of the Fund
Please refer to the Prospectus or relevant announcements for the regulations on conversion between share categories.
The Fund Manager may, in accordance with the actual operation of the Fund
And if there is no material adverse effect on the interests of fund share holders,
After performing appropriate procedures, add, reduce or adjust fund share categories, or stop existing fund share categories
Or adjust and announce the classification methods and rules of fund units without holding fund units
Deliberated by the National People's Congress.
Part IV Sale of Fund Units
1、 The time, method and target of offering fund units
1. Sale time
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the specific time of sale of fund units
Notice.
2. Way of sale
Public offering through the website or business outlet of each sales agency. See the fund for the specific list of each sales agency
The offering announcement and the list of fund sales institutions disclosed on the fund manager's website at that time. Fund manager Kegen
Adjust the sales organization according to the situation.
3. Target
Individual investors, institutional investors, contract investors who can invest in securities investment funds in accordance with laws and regulations
Foreign investors and other investors allowed by laws and regulations or the CSRC to purchase securities investment funds.
2、 Subscription of Fund Units
1. Subscription fee
Subscription fees are charged for Class A fund units of the Fund at the time of subscription, and no subscription fees are charged for Class C fund units
Use.
The subscription rate for Class A fund units of the Fund shall be determined by the Fund Manager, and shall be recorded in the Prospectus and
Listed in gold product information summary and other documents. The fund subscription fee shall not be included in the fund property.
2. Treatment of interest during the raising period
The interest generated from the effective subscription funds during the raising period will be converted into fund units and returned to the fund unit holders
All, of which the specific amount of interest transferred to shares shall be subject to the records of the registration authority.
3. Calculation of Fund Subscription Units
The specific calculation method of fund subscription units is listed in the prospectus.
4. Handling method of subscribed share balance
The handling method of the balance of subscription units is listed in the prospectus.
5. Confirmation of subscription application
The acceptance of the subscription application by the sales agency does not mean that the application is certain to be successful, but only means that the sales agency confirms that
Received the subscription application. The confirmation of the subscription application shall be subject to the confirmation result of the registration authority. For subscription application
And the confirmation of subscribed shares, investors should timely inquire and properly exercise their legal rights, otherwise
Any loss incurred shall be borne by the investor.
3、 Limitation on the amount of fund share subscription
1. When subscribing, investors shall pay in full in the way specified by the sales agency.
2. The fund manager can limit the subscription amount of each fund transaction account. Please refer to
See the Prospectus or relevant announcements.
3. The Fund Manager may limit the cumulative subscription amount of a single investor during the offering period
Please refer to the prospectus or relevant announcements for body restrictions and handling methods.
4. Investors can subscribe for fund units for many times during the raising period, and the subscription fee is separate for each subscription application
Calculation, but the accepted subscription application cannot be revoked.
Part V Fund Filing
1、 Conditions for Fund Filing
The total amount of units raised in the Fund shall not be less than 200 million within three months from the date of sale of the Fund units
Under the condition that the fund raised amount is not less than 200 million yuan and the number of fund subscribers is not less than 200,
The fund raising period expires or the fund manager may decide to stop the fund distribution in accordance with laws, regulations and the prospectus
And employ a legal capital verification agency to verify the capital within 10 days, and within 10 days from the date of receiving the capital verification report
The CSRC shall handle the fund filing procedures.
If the fund raising meets the conditions for fund filing, the fund manager shall complete the fund filing procedures and obtain
The Fund Contract shall come into force from the date of written confirmation by the CSRC; Otherwise, the Fund Contract will not take effect. base
The Fund Manager shall announce the effectiveness of the Fund Contract on the next day after receiving the confirmation document from the CSRC.
The fund manager shall deposit the funds raised during the fund raising into a special account, and before the end of the fund raising,
No one can use it.
2、 Handling method of raised funds when the fund contract fails to take effect
If the raising period expires and the fund filing conditions are not met, the fund manager shall bear the following responsibilities:
1. Bear the debts and expenses arising from the raising with its inherent property;
2. Return the funds paid by the investors within 30 days after the expiration of the fund raising period, and add the same amount as the bank
Current deposit interest;
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration.
All expenses paid by the Fund Manager, the Fund Custodian and the Sales Agency for the Fund raising shall be borne by each party
Dan.
3、 Number of fund share holders and asset size within the duration of the fund
After the Fund Contract takes effect, the number of fund share holders is less than 200 for 20 consecutive working days
If the net asset value of the fund or the fund is less than 50 million yuan, the fund manager shall report it in the regular report
disclosure; In case of the above circumstances for 60 consecutive working days, the Fund Manager shall, within 10 working days
The CSRC reports and proposes solutions, such as continuous operation, conversion of operation mode, merger with other funds, or
Or terminate the fund contract, and convene a general meeting of fund unit holders within six months.
Where laws and regulations, the CSRC or the fund contract provide otherwise, such provisions shall prevail.
Part VI Subscription and Redemption of Fund Units
1、 Place for subscription and redemption
The subscription and redemption of the Fund will be conducted through the sales agency. The specific sales agency will be managed by the fund manager
Listed in the prospectus or other relevant announcements. The fund manager can change or increase or decrease the sales machine according to the situation
Structure. The fund investor shall provide funds at the sales agency's business premises or as the sales agency
To handle the subscription and redemption of fund units in other ways.
2、 Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription and redemption of fund units on the open day, and the specific handling time is Shanghai Stock Exchange
Trading time on the normal trading day of the Exchange and Shenzhen Stock Exchange (if the trading day is not a trading day of Hong Kong Stock Connect,
Then the Fund Manager has the right to suspend the subscription and redemption of fund units), but the Fund Manager shall
Except when laws and regulations, the requirements of the CSRC or the provisions of the fund contract announce the suspension of subscription and redemption.
After the fund contract comes into effect, if there is a new securities/futures trading market or a securities/futures exchange
In case of any change, other special circumstances or business needs, the Fund Manager will, as appropriate
The corresponding adjustment shall be made in time, but before the implementation of the adjustment, the relevant provisions of the Information Disclosure Measures shall be followed
Announcement on specified media.
2. Start date of subscription and redemption and business handling time
The Fund Manager may, in accordance with the actual situation, decide the specific date for the Fund to begin to apply for subscriptions
The time of business handling shall be specified in the announcement of subscription start and relevant business announcements.
The Fund Manager shall handle the redemption within 3 months from the effective date of the Fund Contract
The time of settlement shall be specified in the announcement of redemption commencement and relevant business announcement.
After determining the start time of subscription and redemption, the Fund Manager shall, before the opening day of subscription and redemption
The starting time of subscription and redemption shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
The fund manager may not handle the subscription of fund units
Redemption or conversion. The investor puts forward the subscription, redemption or conversion on a date and time other than that specified in the fund contract
If the application is made and the registration authority confirms to accept, the subscription and redemption price of the fund units shall be the next open day for such funds
The price of share subscription and redemption.
3、 Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption price of any type of fund unit shall be calculated after the closing of the application day
The net value of such fund units calculated shall be taken as the benchmark for calculation;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on the current day can be withdrawn within the time specified by the fund manager
If the selling institution has other provisions, the provisions of the fund selling institution shall prevail;
4. When the fund unit holders redeem, in addition to the designated redemption, the fund manager shall follow the principle of first in, first out,
That is, the first confirmed shares shall be redeemed first, and the second confirmed shares shall be redeemed later to determine the applicable redemption rate;
5. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure that
The legitimate rights and interests of investors shall not be damaged and shall be treated fairly;
6. The subscription, redemption and other businesses of the Fund shall be carried out in accordance with the relevant business rules of the registration authority. If phase
If there are new provisions in relevant laws and regulations, China Securities Regulatory Commission or the registration institution on subscription and redemption business
It is not necessary to hold a general meeting of fund share holders.
The Fund Manager may adjust the above principles without violating laws and regulations. fund management
Before the implementation of the new rules, people must make an announcement on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
4、 Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must propose within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for subscription or redemption.
2. Payment of subscription and redemption funds
When an investor subscribes to fund units, he must pay the subscription amount in full, and the investor must pay the subscription amount in full,
Subscription application establishment; The subscription takes effect when the fund share registration authority confirms the fund share.
The redemption is established when the fund unit holder submits the redemption application; When the fund share registration institution confirms the redemption,
Redemption takes effect. After the redemption application of the fund unit holder takes effect, the fund manager will instruct the fund custodian to
The redemption money shall be paid within the time limit specified by laws and regulations. In case of any change in the relevant regulations of the State Administration of Foreign Exchange
There are changes in the trading and clearing rules of the Hong Kong stock market invested by the Fund, and the Hong Kong stock market and foreign exchange invested by the Fund
Market closure or trading suspension, data transmission delay of the exchange or trading market, communication system failure, number of banks
Data exchange system failure or other factors beyond the control of the fund manager and fund custodian affect the business department
The payment time of the redemption money can be postponed accordingly. In case of major redemption or fund contract agreement
In other cases where redemption is suspended or payment of redemption money is delayed, the payment method shall refer to the fund contract
Clause handling.
The fund manager may, within the scope permitted by laws and regulations and the fund contract, handle the above business at the time
The fund manager must be in compliance with the relevant provisions of the Information Disclosure Measures before the implementation of the adjustment
Announce on the fixed media.
3. Confirmation of application for subscription and redemption
The Fund Manager shall take the day when valid subscription and redemption applications are accepted before the end of trading hours as the day of subscription
Or the redemption application date (T day), under normal circumstances, the Fund's registration authority will
Validation. For the valid application submitted on T day, the investor shall timely go to the counter of the sales agency or sell
Query the confirmation of the application in other ways specified by the institution. If the subscription is not established or invalid, the subscription amount
The fund shall be returned to the investor.
The acceptance of the application for subscription and redemption by the sales agency does not mean that the application is necessarily successful, but only represents the sales
The institution has indeed received the application for subscription and redemption. The confirmation of application for subscription and redemption is based on the confirmation result of the registration authority
Shall prevail. For the confirmation of the application, investors should timely inquire and properly exercise their legal rights.
The Fund Manager may adjust the above procedural rules without violating laws and regulations. fund
Before the implementation of the new rules, the administrator shall publish them on the specified media in accordance with the relevant provisions of the Information Disclosure Measures
Notice.
5、 Quantity limit of subscription and redemption
1. The fund manager may specify the minimum amount of the initial subscription and each subscription of the investor and each redemption
Please refer to the Prospectus or relevant announcements for the specific provisions of the minimum share returned.
2. The fund manager may specify the minimum fund unit balance of each fund transaction account of the investor, with
Please refer to the Prospectus or relevant announcements for specific regulations.
3. The fund manager may stipulate the upper limit of the fund units held by a single investor accumulatively, a single day or a single transaction
For the upper limit of subscription amount, please refer to the prospectus or relevant announcements for specific provisions.
4. The Fund Manager has the right to specify the total size limit of the Fund, as well as the upper limit and net amount of the single day subscription
Please refer to the Prospectus or relevant announcements for the upper limit of subscription proportion.
5. When accepting the application for subscription has a potentially significant adverse impact on the interests of the holders of stock fund units,
The Fund Manager shall set the upper limit of the subscription amount of a single investor or the upper limit of the net subscription proportion of a single day of the Fund
Measures such as rejecting large amount subscription, suspending fund subscription, etc. shall be taken to effectively protect the legitimate rights and interests of holders of stock fund units.
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control
System. See the relevant announcement of the Fund Manager for details.
6. The Fund Manager may adjust the above specified subscription amount and redemption without violating laws and regulations
Quantitative restrictions such as share returns, or new fund size control measures. The fund manager must
Announce on the specified media in accordance with the relevant provisions of the Information Disclosure Measures.
6、 Purchase and redemption prices, fees and their uses
1. The Fund is divided into Class A and Class C fund units, each of which has its own fund code
Do not calculate and announce the net value of fund units. The calculation of the net value of various fund units of the Fund shall be kept to the decimal point
The last four digits and the fifth digit after the decimal point shall be rounded off, and the resulting gains or losses shall be borne by the fund property. as
Under special circumstances, in order to protect the interests of fund share holders, the Fund Manager and the Fund Custodian reach consensus through consultation,
The calculation accuracy of the net value of fund units can be adjusted periodically and the corresponding announcement can be made, without the need to convene fund unit holders
Deliberation by the General Assembly. The net value of various fund units on T day shall be calculated after the close of the market on the day, and shall be calculated according to the fund contract
Notice. In case of special circumstances, the calculation or announcement may be delayed appropriately after performing appropriate procedures.
2. Calculation of subscription units and treatment of balance: calculation of subscription units of the Fund and treatment of balance
See the Prospectus for details. The subscription rate of Class A fund units of the Fund shall be determined by the Fund Manager,
And listed in the prospectus, fund product information summary and other documents.
3. Calculation and processing method of redemption amount: See the bidding invitation for details of calculation and processing method of redemption amount of the Fund
Prospectus. The redemption rate of the Fund shall be determined by the Fund Manager, and
Material summary and other documents.
4. The subscription fees for Class A fund units of the Fund shall be borne by the investors who subscribe for Class A fund units
The expenses to be used for the marketing, sales and registration of the Fund shall not be included in the Fund assets. Class C fund
No subscription fee will be charged for shares.
5. Redemption expenses shall be borne by the fund unit holders who redeem the fund units
It is collected when the fund units are returned. The proportion of redemption expenses included in the fund property shall be set in accordance with relevant laws and regulations
See the prospectus. The part not included in the fund property is used to pay the registration fee and other necessary formalities
Fees. Among them, investors with a continuous holding period of less than 7 days will be charged a redemption fee of no less than 1.50%, and the full amount will be
Included in the fund assets.
6. The subscription rate of Class A fund units of the Fund, the specific calculation method of subscription units, and various funds
The specific calculation method and charging method of redemption rate and redemption amount of shares shall be determined by the fund manager according to the fund contract
The same provisions shall be determined and listed in the prospectus. The fund manager may, within the scope agreed in the fund contract
The rate or charging method shall be adjusted within, and shall be no later than the implementation date of the new rate or charging method according to
The relevant provisions of the Disclosure Measures shall be announced on the specified media.
7. In case of large amount purchase or redemption of the Fund, the Fund Manager may use the swing pricing machine
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws and regulations and
Provisions of regulatory authorities and self-discipline rules.
8. The Fund Manager may, without violating the provisions of laws and regulations and the Fund Agreement, hold
The fund promotion plan shall be formulated according to the market conditions when there is no material adverse effect on the interests of some people
Periodically carry out fund promotion activities. During the fund promotion activities, the fund manager may appropriately reduce the fund sales
Selling rate, or carrying out different rate preferential activities for specific channels and specific investment groups.
7、 Refusal or suspension of subscription
In case of the following circumstances, the Fund Manager may refuse or suspend accepting the subscription application of investors:
1. The fund cannot operate normally due to force majeure.
2. When the valuation of fund assets is suspended as stipulated in the fund contract.
3. The securities/futures trading places or foreign exchange markets in which the Fund invests are abnormally closed.
4. When accepting a certain application or some applications for subscription may affect or damage the interests of existing fund share holders.
5. The scale of fund assets is too large, which makes the fund manager unable to find suitable investment varieties, or other
It may have a negative impact on the performance of the Fund, or other circumstances may damage the interests of existing Fund Unitholders.
6. Different fund managers, fund custodians, registration agencies, sales agencies, payment and settlement agencies, etc
The fund sales system, fund sales payment settlement system, fund registration system and fund accounting department
The system cannot operate normally.
7. The Fund Manager's acceptance of certain or certain subscription applications may lead to a single investor holding the Fund
The proportion of the number of shares reaches or exceeds 50% of the total number of fund shares, or it may lead to disguised investors
Circumvention of the above 50% requirement.
8. When a new subscription application is confirmed to be successful, the total size of the Fund will exceed the provisions of the Fund Manager
The total size of the Fund; Or make the single day subscription amount or net subscription proportion of the Fund exceed the Fund Manager
The upper limit of the specified amount of subscription on the day or the upper limit of the net subscription proportion; Or make the cumulative shares held by the investor exceed
Exceeding the upper limit of cumulative shares held by a single investor; Or make the investor's subscription amount on that day exceed the single investment
Or the upper limit of the daily subscription amount; Or make the single subscription amount of the investor exceed the single subscription amount of the single investor
At the upper limit.
9. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
If the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After the subscription, the fund manager shall suspend accepting the application for fund subscription.
10. Suspend or stop accepting purchase orders due to the completion of the quota on the trading day of Hong Kong Stock Connect, or
The securities trading service company and other institutions have identified abnormal trading conditions and decided to suspend the provision of some or all of Hong Kong
Stock Connect service, or other influences are carried out through the trading interconnection mechanism between the mainland and Hong Kong stock markets
Frequent trading.
11. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to suspend in case of any of the above situations 1, 2, 3, 5, 6, 9, 10 and 11
When accepting an investor's application for subscription, the fund manager shall make an announcement on the prescribed media in accordance with the relevant provisions.
If the investor's application for subscription is rejected in whole or in part, the principal of the rejected subscription will be returned to the investor
Personnel. When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription business in a timely manner.
8、 Circumstances of suspending redemption or delaying payment of redemption money
Under the following circumstances, the Fund Manager may suspend accepting the redemption application of investors or postpone the payment of redemption
Payment:
1. The Fund Manager is unable to pay the redemption amount due to force majeure.
2. When the valuation of fund assets is suspended as stipulated in the fund contract.
3. The securities/futures trading places or foreign exchange markets in which the Fund invests are abnormally closed.
4. Huge redemption occurs for two or more consecutive open days.
5. In the event that continuing to accept the redemption application will damage the interests of existing fund unit holders
The manager may suspend accepting the redemption application of the fund unit holder.
6. There is no active market price for the assets with more than 50% of the net asset value of the fund on the current valuation date
If the use of valuation techniques still leads to significant uncertainty in the fair value, it shall be confirmed through consultation with the Fund Custodian
After recognition, the Fund Manager shall postpone the payment of redemption funds or suspend the acceptance of fund redemption applications.
7. The securities trading service company and other institutions have identified abnormal trading conditions and decided to suspend the provision of some
Or all Hong Kong Stock Connect services, or other influences occur, and the mainland and Hong Kong stock markets are interconnected
The normal transaction of the mechanism.
8. Other circumstances specified by laws and regulations or recognized by the CSRC.
In case of any of the above circumstances (except for Item 4 above) and the Fund Manager decides to postpone the payment of redemption money
The fund manager shall report to the CSRC for filing as required. The above situation occurs (except for Item 4 above)
And the Fund Manager decides to suspend accepting the redemption application of the Fund Unitholders or postpone the payment of redemption funds
The Fund Manager shall pay in full the confirmed redemption application; If the payment cannot be made in full for the time being
The payment part is allocated to the redemption applicant according to the proportion of the application amount of a single account in the total application amount, and the unpaid part can
Deferred payment. In case of the situation mentioned in item 4 above, it shall be handled according to the relevant provisions of the fund contract. Fund shares
When applying for redemption, the holder may choose to cancel the part that may not be accepted on that day in advance. On suspension of redemption
When the situation is eliminated, the Fund Manager shall resume the redemption business in a timely manner and make an announcement in accordance with relevant regulations.
9、 Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the Fund
After deducting the total number of subscription application units from the total number of transfer out application units during conversion and the transfer in application units during fund conversion
If the balance after the total amount exceeds 10% of the total fund shares on the previous working day, it is considered that a huge redemption has occurred.
2. Treatment method of huge redemption
In case of a huge redemption of the fund, the fund manager can decide according to the current asset portfolio of the fund
Full redemption, partial deferred redemption or suspended redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors,
Follow normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or
The realization of property for the purpose of paying the redemption application of investors may cause a large impact on the net asset value of the fund
In case of fluctuation, the redemption proportion accepted by the fund manager on the same day shall not be less than 10% of the total fund shares on the previous working day
Under the premise of, the remaining redemption applications can be postponed. For the redemption application on that day, it should be based on a single account
The proportion of redemption application amount in the total redemption application amount, and the redemption unit accepted on the current day shall be determined; For the non redeemable part
The investor can choose to postpone or cancel the redemption when submitting the redemption application. Those who choose to postpone redemption,
Will automatically transfer to the next business day to continue redemption until all redemption; If redemption is selected, the current day
Some redemption applications that have not been accepted will be cancelled. The deferred redemption application is together with the redemption application on the next open day
Processing, no priority and the redemption amount is calculated based on the net value of such fund units on the following opening day
By analogy, until all redemption. If the investor does not make a clear choice when submitting the redemption application, the investor does not
The redeemable part will be automatically postponed. Some deferred redemptions may not be restricted by the minimum amount of single redemption.
(3) If the Fund is redeemed in a large amount and a single fund unit holder applies for redemption within a single open day
When the fund share of the fund exceeds 20% of the total fund share of the previous working day, the fund manager has the right to
The redemption application of a fund unit holder that exceeds this proportion will be postponed
Redemption applications and other account redemption applications that do not exceed the aforesaid proportion shall be subject to the aforesaid "full redemption" or
"Partial deferred redemption" clause. All deferred redemption applications shall be combined with the next open day redemption application
The redemption amount shall be calculated on the basis of the net value of various fund units on the following business day without priority
Push until all are redeemed. See relevant announcements for details.
(4) Suspension of redemption: massive redemption occurs for more than 2 consecutive business days (including the number), such as fund management
The Manager may suspend accepting the redemption application of the Fund if it deems it necessary; The accepted redemption application can be postponed
The redemption amount shall be paid within 20 working days, and shall be announced in accordance with relevant regulations.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of the transaction, the Fund Manager shall mail, fax or call
Other methods specified in the Prospectus shall notify the fund share holders within three trading days, stating the relevant processing party
And make an announcement in accordance with the relevant provisions of the Information Disclosure Measures.
10、 Announcement of suspension of subscription or redemption and announcement of reopening subscription or redemption
1. In case of the above suspension of subscription or redemption, the Fund Manager shall make an announcement in accordance with relevant regulations.
2. The Fund Manager may, according to the time of suspension of subscription or redemption, at the latest on the reopening day
Publish the announcement of reopening subscription or redemption on the media; It can also be specified in the suspension announcement according to the actual situation
The time for subscription or redemption will be reopened, and no announcement of reopening will be issued at that time.
11、 Fund conversion
The Fund Manager may decide to open the Fund and
For the conversion business between other funds managed by the fund manager, a certain conversion fee may be charged for fund conversion,
The relevant rules shall be formulated and announced by the Fund Manager in accordance with the relevant laws and regulations and the provisions of the Fund Agreement, and
Inform the Fund Custodian and relevant institutions in advance.
12、 Non trading transfer of funds
Non transaction transfer of funds refers to the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
The resulting non transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations. whether
Under any of the above circumstances, the subject receiving the transfer must be an investment that can hold the fund shares of the Fund according to law
People.
Inheritance refers to the death of the fund unit holder, and the fund units held by him shall be inherited by his legal successor;
Donation means that fund share holders donate their legally held fund shares to welfare foundations or societies
Association; Judicial enforcement means that the judicial authority holds
Fund units are forcibly transferred to other natural persons, legal persons or other organizations. Basis must be provided for non transaction transfer
The relevant information required by the gold registration authority shall be subject to the fund registration machine for the qualified non transaction transfer application
It shall be handled in accordance with the provisions of the Fund Registration Authority and charged in accordance with the standards prescribed by the Fund Registration Authority.
13、 Transfer of custody and pledge of funds
Fund share holders can handle the transfer of custody of their held fund shares between different sales institutions
A sales agency may collect the transfer custody fee according to the prescribed standards.
If conditions permit, the fund registration authority may, in accordance with relevant laws, regulations and business rules
Manage the fund unit pledge business, and may charge a certain handling fee.
14、 Fixed investment plan
The Fund Manager may handle regular and quota investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager
Line regulations. The investor can agree on the amount of subscription in each period when handling the regular and quota investment plan
The amount must not be less than the fixed amount specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the investment plan.
15、 Freezing and unfreezing of fund shares
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authorities of the state according to law, and
Freezing and unfreezing under other circumstances recognized by the registration authority and in compliance with laws and regulations.
16、 Fund share transfer
Under the condition of compliance with laws and regulations and conditions, the fund manager can
Then the holders of accepted fund units shall carry out their shares through the trading places or trading methods recognized by the CSRC
Application for transfer. The Fund Manager shall issue an announcement in advance.
17、 Conversion of fund shares
On the premise that there is no material adverse impact on the interests of fund share holders (profits and losses arising from tail disposal
Shall not be deemed to have a material adverse effect on the interests of fund share holders)
By consensus, fund units can be converted without convening a general meeting of fund unit holders for deliberation.
18、 Subscription and redemption of the Fund during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the subscription and redemption arrangements of the Fund are detailed in the Prospectus or relevant companies
Notice.
19、 When the technical conditions are mature, the Fund Manager shall not violate laws and regulations and hold fund shares
On the premise that there is no material adverse effect on the interests of the Fund Custodian, the Fund Custodian may, upon consultation with the Fund Custodian
Supplement and adjust the above subscription and redemption arrangements, or arrange one or more fund units of the Fund
Listing, purchase and redemption in the stock exchange, or handling the transfer, transfer and pledge of fund units
Business, there is no need to convene a general meeting of fund share holders for deliberation at that time, but a letter must be sent in accordance with relevant laws and regulations
Information disclosure.
Part VII Parties to the Fund Contract and Their Rights and Obligations
1、 Fund manager
（1） Profile of the Fund Manager
Name: Wanjia Fund Management Co., Ltd
Domicile: 8th Floor, No. 360 Pudian Road, China (Shanghai) Pilot Free Trade Zone (9th Floor, Nominal Floor)
Legal representative: Fang Yitian
Date of establishment: August 23, 2002
Approval authority and approval document number: CSRC Zhengjian Jijin Zi [2002] No. 44
Organizational form: limited liability company
Registered capital: RMB 300 million
Duration: continuous operation
Tel: 021-38909626
（2） Rights and obligations of the Fund Manager
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Manager include
But not limited to:
(1) Raising funds according to law;
(2) As of the effective date of the Fund Contract, it shall be used independently in accordance with laws and regulations and the Fund Contract
And manage the fund assets;
(3) Collect fund management fees in accordance with the Fund Contract and the provisions of laws and regulations or approved by the CSRC
Other approved expenses;
(4) Sale of fund shares;
(5) Convene the general meeting of fund unit holders in accordance with the provisions;
(6) Supervise the Fund Custodian in accordance with the Fund Contract and relevant laws and regulations
If a person violates the Fund Contract and relevant national laws and regulations, he shall report it to the CSRC and other regulatory authorities,
And take necessary measures to protect the interests of fund investors;
(7) Nominate a new Fund Custodian when the Fund Custodian changes;
(8) Select and replace the fund sales agency, supervise and deal with the relevant acts of the fund sales agency
Reason;
(9) Act as or entrust other qualified institutions to act as fund registration agencies to handle fund registration business
And obtain the fees specified in the Fund Contract;
(10) Determine the distribution plan of fund income in accordance with the Fund Contract and relevant laws and regulations;
(11) Reject or suspend the acceptance of subscription, redemption and conversion applications within the scope agreed in the Fund Contract
Please;
(12) Exercise relevant rights against the invested company for the benefit of the Fund in accordance with laws and regulations, and for the benefit of the Fund
To exercise the rights arising from the investment of fund assets in securities;
(13) If permitted by laws and regulations, conduct financing and securities lending for the Fund in accordance with the law for the benefit of the Fund;
(14) Exercising litigation rights on behalf of fund share holders in the name of the fund manager; or
Performing other legal acts;
(15) Select and replace law firms, accounting firms, securities brokers, futures brokers or
Other external institutions providing services for the Fund;
(16) Formulate and adjust relevant fund subscription, subscription
Redemption, conversion, fixed investment plan, non trading transfer, custody transfer, income distribution and other business rules;
(17) Without violating laws, regulations and regulatory provisions and having no material adverse effect on the interests of fund share holders
In order to pay the redemption, transaction clearing and other funds payable by the Fund, the Fund Manager has the right to represent
Fund share holders use fund assets as collateral for financing;
(18) Within the scope of laws and regulations and the fund contract, make decisions and adjustments after performing appropriate procedures
The relevant fee structure and charging method of the Fund;
(19) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include
But not limited to:
(1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle funds
Sale, subscription, redemption and registration of shares;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and operate in the principle of good faith, prudence and diligence
Use of fund assets;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making, so as to be professional
Management and operation of fund assets;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure that the assets of the fund under management and the assets of the fund manager are independent of each other, and to separate the different funds under management
Management, separate bookkeeping and securities investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek benefits for persons other than fund share holders, they may not entrust a third person to operate the fund assets;
(7) Accept the supervision of the Fund Custodian according to law;
(8) Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The method shall comply with the provisions of the Fund Contract and other legal documents, and the net value of the Fund shall be calculated and announced in accordance with the relevant provisions,
Determine the price of subscription and redemption of fund units;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Information disclosure and
Reporting obligations;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure
Disclosed to others, but provided to regulatory authorities, judicial authorities and other competent authorities, or due to audit, law and other external expertise
Except for the provision of services to the consultant;
(13) Determine the fund income distribution plan according to the Fund Contract, and hold the fund shares in a timely manner
Distribution of fund income by people;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law, or to cooperate with the fund custodian and fund unit holders;
(16) Keep the accounting books, statements, records and other relevant information of fund property management business activities as required
Relevant materials shall be kept for a period not less than the minimum period stipulated by laws and regulations;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and
To ensure that investors can check the information related to the Fund at any time according to the time and method specified in the Fund Contract
Disclose materials and obtain copies of relevant materials at reasonable cost;
(18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation
Realization and distribution;
(19) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And notify the Fund Custodian;
(20) Loss or damage to fund assets due to violation of the Fund Contract
When he/she has rights and interests, he/she shall be liable for compensation, and his/her liability for compensation shall not be exempted by his/her retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the Fund Custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall hold
The interests of the Fund Custodian shall be recovered from the Fund Custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Take responsibility for the behavior of financial affairs;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise the right of litigation or enforce its
Other legal acts;
(24) The Fund Contract cannot take effect if the Fund fails to meet the filing conditions for the Fund during the raising period,
The Fund Manager shall bear all the raising costs and pay the raised funds in the base together with the interest of the current deposit of the bank for the same period
The fund shall be returned to the fund subscriber within 30 days after the end of the fund raising period;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Fund Custodian
（1） Profile of Fund Custodian
Name: Agricultural Bank of China Limited
Domicile: No. 69, Jianguomen Inner Street, Dongcheng District, Beijing
Legal representative: Gu Shu
Time of establishment: January 15, 2009
Approval authority and approval document number: CBRC YJF [2009] No. 13
Organizational form: limited liability company
Registered capital: 349983.034 million yuan
Duration: continuous operation
Approval document and document number of fund custody qualification: ZJJZ [1998] No. 23 of China Securities Regulatory Commission
（2） Rights and obligations of the Fund Custodian
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Custodian include
But not limited to:
(1) As of the effective date of the Fund Contract, it shall be safe in accordance with laws, regulations and the provisions of the Fund Contract
Custody of fund assets;
(2) Obtain fund custody fees, laws and regulations or regulatory approval in accordance with the Fund Contract
Other approved expenses;
(3) To supervise the investment operation of the Fund Manager in the Fund, and if it is found that the Fund Manager has violated the Basic Law of the People's Republic of China
The fund contract and national laws and regulations have caused significant losses to the fund property and the interests of other parties
The situation shall be reported to the CSRC and necessary measures shall be taken to protect the interests of fund investors;
(4) In accordance with the relevant market rules, open capital accounts, securities accounts and other investment accounts for the Fund,
Clearing securities and futures trading funds for the Fund;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include
But not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) A special fund custody department shall be set up, with satisfactory business premises and sufficient
Qualified full-time personnel familiar with fund custody business, responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure the safety of the fund property and ensure that the fund property under its custody is different from the fund custodian's own property and
Fund assets are independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, and manage accounts separately,
Ensure that different funds are independent from each other in terms of account setting, fund transfer, account book recording, etc;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek benefits for persons other than fund share holders, they may not entrust a third person to trust fund assets;
(5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
(6) The fund account, securities account and other accounts required for investment of the fund property shall be opened in accordance with the provisions
As agreed in the Gold Contract, clearing and delivery shall be handled in a timely manner according to the investment instructions of the Fund Manager;
(7) Keep fund business secrets, unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
In addition to the regulations, the fund information shall be kept confidential before public disclosure, and shall not be disclosed to others, but shall be disclosed to the regulatory authority
Information provided by competent institutions such as legal authorities or by external professional consultants such as audit and law consultants
Except that;
(8) Review and review the net fund asset value, net value of various fund units
Subscription and redemption price of gold shares;
(9) To handle information disclosure related to fund custody business activities;
(10) To issue opinions on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund, stating that
Specify whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Contract; If
If the Fund Manager fails to implement the provisions of the Fund Contract, it shall also state whether the Fund Custodian has taken
Appropriate measures have been taken;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities for a period of
The time limit shall not be less than the minimum time limit prescribed by laws and regulations;
(12) Keep the register of fund unit holders;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund share holders or to cooperate with the fund manager and fund share holders to convene a general meeting of fund share holders in accordance with the law;
(16) Supervise the investment operation of the Fund Manager in accordance with laws and regulations and the provisions of the Fund Contract;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and
Distribution;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
Liability will not be relieved by his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
The Fund Manager shall be the Fund Unitholder in case of any loss of fund property due to violation of the Fund Contract
The interests shall be recovered from the fund manager;
(21) Implement the effective resolutions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
3、 Fund share holders
The fund investor's holding of the fund shares of the Fund shall be deemed as the recognition and acceptance of the Fund Contract,
The fund investor will become the fund share holder and the fund investor will become the fund share holder
The parties to the Fund Agreement until they no longer hold the Fund units of the Fund. The Fund Unitholders shall serve as the Fund Unitholders
The parties to the Fund Contract shall not be required to sign or seal the Fund Contract in writing.
Unless otherwise stipulated by laws and regulations or the fund contract, each fund share of the same category has
Equal legal rights and interests.
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) Transferring or applying for redemption of fund units held by them according to law;
(4) To call a general meeting of fund unit holders or a general meeting of fund unit holders as required;
(5) Attend or appoint a representative to attend the general meeting of fund unit holders
Exercise the right to vote on matters under consideration;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) The legal rights and interests of the fund manager, fund custodian and fund service institution shall be harmed in accordance with
Legal action or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders
Including but not limited to:
(1) Carefully read and abide by the Fund Contract, Prospectus, Fund Product Profile and other information
Disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the fund investment
Value, make investment decisions independently and bear investment risks independently;
(3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
(4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
(5) Undertaking fund losses or terminating the Fund Contract within the scope of fund units held by them
Limited liability;
(6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund Contract;
(7) Implement the effective resolutions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
Part VIII General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Unless otherwise stipulated by laws and regulations or the Fund Contract
Unless otherwise agreed, each fund unit held by the fund unit holder shall have equal voting rights. If future law
If the regulations provide otherwise for the general meeting of fund share holders, the then effective laws and regulations shall prevail.
The General Meeting of Fund Unitholders does not have a daily body for the time being.
1、 Reason for convening
1. When one of the following events occurs or needs to be decided, a general meeting of fund unit holders shall be convened, but
Unless otherwise stipulated by laws and regulations and the CSRC:
(1) Terminate the Fund Contract, unless otherwise agreed in the Fund Contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Adjust the remuneration standard of the Fund Manager and the Fund Custodian or increase the sales service rate;
(6) Change of fund category;
(7) The merger of the Fund with other funds;
(8) Change the investment objective, scope or strategy of the Fund;
(9) Change the procedures of the general meeting of fund unit holders;
(10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
(11) Fund shares that individually or collectively hold more than 10% (including 10%) of the total fund shares
The amount holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) writes about the same matter
To request the convening of a general meeting of fund share holders;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) Other fund units that shall be convened as required by laws and regulations, the Fund Contract or the CSRC
Matters of the general meeting of shareholders.
2. Without violating the provisions of laws and regulations and the Fund Agreement
On the premise that there is no material adverse effect, the following circumstances may be modified by the Fund Manager and the Fund Custodian after consultation:,
It is not necessary to convene a general meeting of fund share holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate of all or part of the Fund's share categories, and lower all or part of the Fund's share categories
Other redemption rate or sales service rate, or change of charging method;
(3) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(4) The amendment of the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment does not
Significant changes in the rights and obligations of the parties involved in the Fund Contract;
(5) Fund manager, fund registration agency and fund sales agency adjust relevant subscription, purchase and redemption
Return, conversion, fixed investment plan, fund transaction, non transaction transfer, custody transfer, transfer, pledge
Business rules such as income distribution;
(6) The Fund Manager launches new businesses or services after performing appropriate procedures;
(7) Add, reduce or adjust fund share categories, stop the sale or adjustment of existing fund share categories
The classification methods and rules for the whole fund units;
(8) If it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
His situation.
2、 Convener and convening method
1. Unless otherwise stipulated in laws and regulations or the Fund Agreement, the general meeting of fund share holders shall be held by
The fund manager shall convene the meeting.
2. If the Fund Manager fails to convene the meeting or cannot convene the meeting as required, the Fund Custodian shall convene the meeting.
3. If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall report to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days after receiving the written proposal,
And notify the Fund Custodian in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; If the Fund Manager decides not to convene the meeting and the Fund Custodian still considers it necessary, the Fund Custodian shall
The fund custodian shall convene the meeting on its own and notify the fund manager within 60 days from the date of issuing the written decision,
The Fund Manager shall cooperate.
4. The fund share holders representing more than 10% (including 10%) of the fund shares shall submit a written request on the same matter
A written proposal shall be submitted to the Fund Manager for convening a general meeting of Fund Unitholders. The Fund Manager shall
Decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and notify the proposed fund units in writing
The holder's representative and the fund custodian. If the fund manager decides to convene the meeting, it shall start from the date of issuing a written decision
Held within 60 days; The Fund Manager decides not to convene the meeting, which represents the basis of more than 10% (including 10%) of the Fund shares
If the gold share holders still think it necessary to hold the meeting, they shall submit a written proposal to the Fund Custodian. Fund Custody
People shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and inform the basis of the proposal in writing
Representatives of gold share holders and fund managers; If the Fund Custodian decides to convene the meeting, it shall issue a written decision
The Fund Manager shall be convened and notified within 60 days from the date of the announcement, and the Fund Manager shall cooperate.
5. Fund share holders representing more than 10% (including 10%) of the fund shares request to call
If a general meeting of fund unit holders is held and neither the fund manager nor the fund custodian convenes it, it shall be held separately or jointly
Form The fund share holders with more than 10% (including 10%) of the fund shares have the right to convene at least 30 days in advance
Daily report to China Securities Regulatory Commission for filing. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law
The Fund Manager and the Fund Custodian shall cooperate and shall not obstruct or interfere.
6. The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and right of the meeting
Registration date.
3、 Time, content and method of notice for convening the general meeting of fund unit holders
1. The convener shall announce the convening of the general meeting of fund unit holders at least 30 days in advance on the specified media.
The notice of the general meeting of fund share holders shall at least contain the following contents:
(1) Time, place and form of the meeting;
(2) Matters to be considered, procedures and voting methods at the meeting;
(3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
(4) Requirements for the content of the authorization certificate (including but not limited to the identity, authority and proxy of the agent)
The time and place of delivery;
(5) Name and telephone number of the permanent contact person for conference affairs;
(6) Documents that must be prepared and procedures that must be performed by the attendees;
(7) Other matters to be notified by the convener.
2. In case of communication meeting and voting, the convener of the meeting shall decide to notify the meeting
The specific means of communication adopted by the National People's Congress of the Fund Unitholders, the entrusted notary authority and its copy
Method and contact person, deadline for submission of voting opinions and collection method.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to check the statement at the designated place
Supervise the vote counting of the decision; If the convener is the fund custodian, it shall notify the fund manager in writing separately
Go to the designated place to supervise the counting of votes; If the convener is the fund share holder, it shall be separately
Inform the Fund Manager and the Fund Custodian in writing to go to the designated place to supervise the counting of votes. fund
If the manager or fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect of.
4、 Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may be held by means of on-site meeting, communication meeting or laws, regulations and supervision
Other methods allowed by the institution shall be adopted, and the convening method of the meeting shall be determined by the convener.
1. On site meeting. Appointed by the Fund Unitholders in person or by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site opening
The agenda of the general meeting of Fund Unitholders may be held when the following conditions are met simultaneously:
(1) Relevant supporting documents held by those who attend the meeting in person, and principals presented by those entrusted to attend the meeting
Certificate of proxy voting authorization and relevant supporting documents comply with laws and regulations, the Fund Contract and the General Meeting
And consistent with the records of the fund registration authority;
(2) After verification, the voucher presented by the participants for holding fund units on the equity registration date shows that,
The effective fund units shall not be less than one-half (including one-half) of the total fund units of the Fund on the equity registration date
1） . If the effective fund units represented by the participants on the equity registration date are less than the base of the Fund on the equity registration date
1/2 of the total fund units, the convener may hold the fund unit holders' meeting at 3
The General Meeting of Fund Unitholders shall be reconvened within six months after the expiration of six months on the matters originally scheduled for deliberation. Recall
The effective fund units represented by the participants of the general meeting of fund unit holders on the equity registration date shall not be less than
One third (including one third) of the total fund shares of the Fund on the equity registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders submit their votes on voting matters in writing
Form or other methods specified in the announcement of the general meeting of fund unit holders shall be served to the convener before the deadline for voting
Address designated by. The correspondence meeting shall be held in writing or by other parties specified in the announcement of the general meeting of fund share holders
Voting.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
(1) The convener of the meeting shall publish the notice of the meeting in accordance with the Fund Contract, and within 2 working days
Continue to publish relevant advisory announcements;
(2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener,
The fund manager) to the designated place to supervise the counting of votes. The convener of the meeting is in Kikinto
The custodian (or the fund manager if the fund custodian is the convener) and the notary organ shall, under the supervision of the
Collect the voting opinions of fund share holders in the manner specified in the notice of discussion; The Fund Custodian or Fund Manager
If a notice is given not to participate in the collection of voting opinions, the voting effect shall not be affected;
(3) If he/she directly issues voting opinions or authorizes others to issue voting opinions, the fund shares
The fund shares held by someone shall not be less than half (including half) of the total fund shares on the equity registration date
1） ; If I directly give a vote or authorize another person to give a vote on behalf of the fund share holder
If the fund units held are less than half of the total fund units on the equity registration date, the convener may make an announcement in the original
Within 3 months and 6 months after the time of holding the general meeting of fund unit holders of
Convene a new general meeting of fund unit holders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
One or more (including one third) holders of fund units directly issue voting opinions or authorize others to issue voting opinions
Voting opinions;
(4) Fund unit holders or entrusted representatives who directly issue voting opinions in Item (3) above
The agent who issues the voting opinions, the relevant supporting documents submitted at the same time, and the agent entrusted to issue the voting opinions
The proxy voting authorization certificate and relevant supporting documents presented by the trustor comply with laws and regulations
And the meeting notice, and consistent with the records of the fund registration authority.
3. On the premise that there is no conflict with laws and regulations, the general meeting of fund share holders can be held via the Internet or telephone
Or in other ways, the fund share holders can use written, online, telephone, SMS or other ways
The specific method of voting shall be determined by the convener of the meeting and listed in the notice of the meeting.
4. If the fund share holder authorizes others to attend the meeting and vote on his behalf, the authorization may be in writing
In face, network, telephone, SMS or other ways, the specific way shall be determined by the meeting convener and included in the meeting notice
List.
5、 Discussion content and procedure
1. Discussion content and proposal right
The content of the proceedings shall be major matters related to the interests of fund share holders, such as major amendments to the Fund Contract
Change, decide to terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, and cooperate with other funds
And other matters stipulated by laws and regulations and the Fund Contract, as well as the convener of the meeting thinks it is necessary to submit funds
Other matters discussed at the general meeting of shareholders.
After the convener of the general meeting of fund unit holders issues the notice of convening the meeting, the amendment to the original proposal shall
It shall be announced in time before the general meeting of fund share holders is held.
The meeting of the fund unit holders' congress may not vote on the contents of the proceedings that have not been announced in advance.
2. Proceedings
(1) On site meeting
In the form of on-site meeting, the presider of the meeting shall first determine and publish
The supervisor shall then read out the proposal by the presider of the meeting, vote after discussion, and form the resolution of the meeting.
The presider of the meeting is the representative authorized by the fund manager to attend the meeting, but the authorized representative of the fund manager fails to preside
In the case of a general meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If authorized by the Fund Manager
If neither the representative nor the authorized representative of the Fund Custodian can preside over the meeting, the Fund Unitholders and
More than 50% (including 50%) of the voting rights held by the agent shall elect a fund share holder as this time
The chairperson of the general meeting of fund share holders. The Fund Manager and the Fund Custodian refuse to attend or preside over the Fund
The general meeting of fund share holders shall not affect the validity of the resolutions made at the general meeting of fund share holders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants shall be recorded in the signature book
(or unit name), ID document number, fund shares held or represented with voting rights, and principals
Name (or unit name) and contact information.
(2) Communication meeting
In the case of a communication meeting, the convener shall first announce the proposal at least 30 days in advance
Within 2 working days after the deadline for voting, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the notary office.
6、 Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
1. The general resolution shall be subject to the form held by the fund share holders or their agents attending the meeting
More than half (including half) of the voting rights are valid only after passing; Except as provided in the second item below
Matters other than those passed by special resolution shall be passed by general resolution.
2. Special resolution, which shall be held by fund share holders or their agents attending the meeting
It can be made only after being approved by more than two-thirds (including two-thirds) of the voting rights. Unless otherwise specified by laws and regulations or based on
Unless otherwise agreed in the fund contract, change the operation mode of the fund, change the fund manager or fund custodian, and terminate
The Fund Contract, the merger of the Fund and other funds shall be effective only when a special resolution is passed.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless the supervisor and the notary office consider that there are sufficient
Evidence to the contrary proves that otherwise, the vote of submitting the document confirming the identity of the investor specified in the notice of the meeting shall be deemed as
The voting opinions of the investors who have attended the meeting effectively and apparently meet the requirements of the meeting notice shall be deemed as valid voting, and the voting opinions
Unclear or contradictory information shall be deemed as abstention from voting, but shall be included in the holding of fund units that issue voting opinions
The total number of fund units represented by.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be separated
Review and vote item by item.
7、 Vote counting
1. On site meeting
(1) If the general meeting is convened by the Fund Manager or the Fund Custodian, the general meeting of the Fund Unitholders shall be presided over
At the beginning of the meeting, it shall be announced that two fund share holders and agents present at the meeting shall elect
The representative of the gold share holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the General Assembly is based on
Although the fund share holders themselves or the general meeting is convened by the fund manager or the fund custodian, the fund management
If the Manager or Fund Custodian fails to attend the meeting, the chairperson of the meeting of Fund Unitholders shall be present at the beginning of the meeting
Later, it was announced that three representatives of fund share holders were elected among the fund share holders present at the meeting to supervise the votes
People. The absence of the Fund Manager or the Fund Custodian from the meeting shall not affect the effectiveness of vote counting.
(2) The scrutineers shall count the votes immediately after the fund share holders vote and the chairman of the meeting shall act as
The results of the vote counting will be announced on the spot.
(3) If the chairman of the meeting or the fund share holder or agent has different opinions on the voting results submitted
The number of votes demanded may be counted again immediately after the announcement of the voting results. The scrutineer shall
Re inventory is limited to one time. After re counting, the presider of the meeting shall announce the re counting on the spot
Point results.
(4) The vote counting process shall be notarized by a notary office, and the fund manager or fund custodian refuses to attend
The validity of counting votes shall not be affected by the decision of the General Assembly.
2. Communication meeting
In the case of a communication meeting, the method of counting votes is: two supervisors authorized by the convener of the general meeting are in the fund
Supervised by the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
The counting process shall be notarized by the notary office. The Fund Manager or the Fund Custodian refuses to appoint a representative
If the voting table supervises the counting of votes, it shall not affect the counting and voting results.
8、 Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC within 5 days from the date of adoption
keep on record.
The resolution of the general meeting of fund share holders shall take effect from the date of voting.
The resolution of the general meeting of fund share holders shall be announced on the specified media within 2 days from the effective date.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
9、 Special agreement of the general meeting of fund share holders during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the proportion of relevant fund units or voting rights refers to the holders of main pocket units
The fund shares or voting rights held or represented by and side pocket unit holders respectively conform to such proportion, but if relevant
If the matters to be convened and deliberated at the general meeting of fund share holders do not involve side pocket accounts, they only refer to the main pocket share holders
The fund shares or voting rights held or represented by the Company meet these proportions:
1. The Fund Unitholders need to exercise the right to propose, convene and nominate on behalf of the relevant individual or aggregate representatives
More than 10% (including 10%) of fund shares;
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than that of the Fund in Quanyideng
One half (including one half) of the relevant fund shares on the record date;
3. Fund units that directly issue voting opinions or authorize others to issue voting opinions in correspondence meetings
The fund units held by the holder shall not be less than half (including half) of the relevant fund units on the equity registration date
One);
4. When the Fund Unitholders who participate in the voting of the General Meeting of Fund Unitholders hold small Fund Units
On the equity registration date, half of the relevant fund units, the convener held the majority of the fund units in the original announcement
Fund unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at the general meeting of fund share holders;
5. More than 50% of the voting rights of fund share holders and proxies attending the meeting
(50% included) elect a Fund Unitholder to preside over the general meeting of Fund Unitholders
People;
6. General resolutions shall be subject to half of the voting rights held by fund share holders or their proxies attending the meeting
More than one half (including one half) passed;
7. The special resolution shall be subject to three votes held by the fund share holders or their agents attending the meeting
More than two thirds (including two thirds) passed.
During the implementation of the side pocket mechanism, the matters to be considered at the general meeting of fund share holders involve the main pocket account and the side pocket account
The fund share holders of the main pocket account and the side pocket account shall vote respectively
Each fund share in the fund has equal voting rights. If the voting matter does not involve the side pocket account, the side pocket account
No voting rights.
10、 This part deals with the causes, conditions, procedures and voting of the general meeting of fund share holders
Conditions and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulations
If the amendment of the rules results in the cancellation or change of the relevant contents, the fund manager may directly report to the Head Office after making an announcement in advance
It is not necessary to convene a general meeting of fund share holders to review and adjust the contents.
Part IX Conditions and Procedures for Replacement of Fund Manager and Fund Custodian
1、 Termination of duties of the Fund Manager and the Fund Custodian
（1） Circumstances of termination of the Fund Manager's duties
Under any of the following circumstances, the duties of the fund manager shall be terminated:
1. Having been disqualified from fund management according to law;
2. Dismissed by the general meeting of fund unit holders;
3. It is dissolved, canceled or declared bankrupt according to law;
4. Other circumstances stipulated by laws and regulations, CSRC and the Fund Contract.
（2） Circumstances of the termination of the duties of the Fund Custodian
Under any of the following circumstances, the duties of the Fund Custodian shall be terminated:
1. The fund custody qualification is canceled according to law;
2. Dismissed by the general meeting of fund unit holders;
3. It is dissolved, canceled or declared bankrupt according to law;
4. Other circumstances stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Procedures for replacement of the Fund Manager and the Fund Custodian
（1） Replacement procedure of fund manager
1. Nomination: The new Fund Manager shall be the Fund Custodian or hold 10% of the total Fund shares alone or jointly
Nomination of fund share holders of the above (including 10%) fund shares;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Manager
A resolution shall be made by the fund manager of
More than two thirds (including two thirds) of the votes are passed, and the resolution becomes effective from the date of voting; New Fund Management
The manager shall meet the qualifications prescribed by laws and regulations and the CSRC;
3. Temporary Fund Manager: The CSRC shall designate a temporary fund manager
Financial administrator;
4. Filing: the resolution of the General Meeting of Fund Unitholders to change the Fund Manager must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Manager, the Fund Custodian shall change the Fund shares of the Fund Manager
The resolution of the general meeting of shareholders shall be announced in the specified media within 2 days after it takes effect;
6. Handover: If the responsibilities of the fund manager are terminated, the fund manager shall properly keep the fund management business assets
To handle the transfer procedures of fund management business to the temporary fund manager or the new fund manager in a timely manner
The Fund Manager or the new Fund Manager shall take over in a timely manner. Temporary fund manager or new fund manager
The total value and net value of the Fund's assets shall be checked with the Fund Custodian;
7. Audit: If the duties of the fund manager are terminated, the fund manager shall be employed in accordance with the provisions of laws and regulations, and the fund manager shall meet the requirements of
The accounting firm specified in the Securities Law of the People's Republic of China shall audit the fund assets and submit the audit results to
It shall be announced and reported to the CSRC for filing at the same time, and the audit fees shall be disbursed from the fund assets;
8. Change of fund name: after the change of fund manager, if the original or new fund manager requires,
The name words related to the original fund manager in the fund name shall be replaced or deleted as required.
（2） Procedures for replacing the Fund Custodian
1. Nomination: The new Fund Custodian shall hold 10% of the total Fund shares by the Fund Manager or by itself or jointly
Nomination of fund share holders of the above (including 10%) fund shares;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Custodian
The Fund Custodian of
More than two thirds (including two thirds) of the votes are passed, and the resolution becomes effective from the date of voting; New Kikinto
The custodian shall meet the qualifications prescribed by laws and regulations and the CSRC;
3. Temporary Fund Custodian: Before the new Fund Custodian is appointed, the CSRC shall appoint a temporary fund custodian
Gold custodian;
4. Filing: the resolution of the general meeting of fund share holders to change the fund custodian must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Custodian, the Fund Manager shall change the Fund units of the Fund Custodian
The resolution of the general meeting of shareholders shall be announced in the specified media within 2 days after it takes effect;
6. Handover: Where the duties of the fund custodian are terminated, the fund custodian shall properly keep the fund assets and the fund custody business
Information, timely handle the transfer procedures of fund assets and fund custody business, and appoint a new fund custodian or temporarily
The Fund Custodian shall take over in a timely manner. The new fund custodian or temporary fund custodian shall contact the fund manager
Check the total value and net value of fund assets;
7. Audit: If the duties of the Fund Custodian are terminated, the Fund Custodian shall, in accordance with the provisions of laws and regulations, engage a person who meets the requirements of
The accounting firm specified in the Securities Law of the People's Republic of China shall audit the fund assets and submit the audit results to
It shall be announced and reported to the CSRC for filing. The audit fees shall be disbursed from the fund assets.
（3） Conditions and procedures for simultaneous replacement of the Fund Manager and the Fund Custodian
1. Nomination: if the Fund Manager and the Fund Custodian change at the same time, the Fund will be held separately or jointly
Fund share holders with more than 10% (including 10%) of total shares nominate new fund managers and fund custody
People;
2. The replacement of the Fund Manager and the Fund Custodian shall be carried out in accordance with the above procedures respectively;
3. Announcement: The new Fund Manager and Fund Custodian shall change the Fund Manager and Fund Custodian
A joint announcement shall be made on the specified media within 2 days after the resolution of the general meeting of fund unit holders of the custodian takes effect.
3、 The new fund manager or temporary fund manager receives the fund management business, or the new fund custodian
The original fund manager or the original fund custodian
The custodian shall continue to perform relevant duties and ensure that it will not do anything that will harm the interests of fund share holders
Is. The original Fund Manager or the original Fund Custodian still has the right to continue to perform relevant duties in accordance with the Fund Agreement
The same provisions apply to the collection of fund management fees or fund custody fees.
4、 The provisions of this Part on the conditions and procedures for the replacement of the Fund Manager and the Fund Custodian
References to laws, regulations or regulatory rules, such as the relevant contents caused by the modification of laws, regulations or regulatory rules in the future
In case of cancellation or change, the Fund Manager and the Fund Custodian can directly compare with each other after reaching an agreement and making an announcement in advance
The contents shall be modified and adjusted without convening a general meeting of fund share holders for deliberation.
Part X Custody of the Fund
The Fund Custodian and the Fund Manager shall enter into a contract in accordance with the Fund Law, the Fund Contract and other relevant provisions
Escrow Agreement.
The purpose of entering into the custody agreement is to clarify the protection of fund assets between the fund custodian and the fund manager
Rights in management, investment operation, net value calculation, income distribution, information disclosure, mutual supervision and other related matters
Obligations and responsibilities to ensure the safety of fund assets and protect the legitimate rights and interests of fund share holders.
Part XI Registration of Fund Units
1、 Registration business of fund units
The registration business of the Fund refers to the registration, custody, transfer, clearing and settlement business of the Fund
Including establishment and management of investor's fund account, registration of fund shares, confirmation and liquidation of fund sales business
And clearing, distributing dividends on behalf of others, establishing and keeping the register of fund share holders and handling non trading transfer.
2、 Fund registration business handling agency
The registration business of the Fund is conducted by the Fund Manager or other qualified institutions entrusted by the Fund Manager
Handling. If the Fund Manager entrusts other institutions to handle the registration business of the Fund, it shall sign an entrustment agreement with the agent
Management agreement to clarify the fund manager and agency's management of the investor's fund account, fund share registration
Liquidation and fund transaction confirmation, dividend distribution, establishment and custody of the register of fund share holders and handling of non transactions
To protect the legitimate rights and interests of fund share holders.
3、 Rights of the Fund Registrar
The fund registration authority has the following rights:
1. Registration fee;
2. Establish and manage investor fund accounts;
3. To keep account opening information, transaction information and register of fund unit holders;
4. To formulate and adjust relevant rules for registration business within the scope of laws and regulations, and
The regulations shall be announced on the specified media before implementation;
5. Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
4、 Obligations of the Fund Registrar
The fund registration authority shall undertake the following obligations:
1. Allocate enough professionals to handle the registration business of the Fund units;
2. Carry out the registration of the Fund units in strict accordance with the laws and regulations and the conditions specified in the Fund Contract
Service;
3. Properly keep the registration data, and specify the name, identity information and fund units of fund unit holders
The detailed data shall be backed up to the institutions recognized by the CSRC. Its retention period shall not start from the date of cancellation of the fund account
If it is less than 20 years old, the provisions of laws and regulations shall prevail;
4. Having the obligation to keep confidential the fund account information of the fund share holder
Investors or funds shall bear corresponding compensation liability for losses incurred, but judicial compulsory inspection and laws
Except for other circumstances stipulated by laws and regulations, the CSRC and the Fund Contract;
5. Handle non trading transfer business for investors and provide
Other necessary services;
6. Accept the supervision of the fund manager;
7. Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
Part XII Investment of the Fund
1、 Investment objectives
Under the premise of strict risk control, the Fund gives full play to its ability to conduct professional research and select individual stocks, and strives to
Realize long-term appreciation of fund assets.
2、 Investment scope
The main investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance
Stocks in the stock market (including the main board, GEM and other stocks and depositary receipts allowed to be listed by the CSRC)
Stocks, stock index futures, treasury bond futures, stock options and bonds (including treasury bonds and central bank notes
Bonds, local government bonds, financial bonds, corporate bonds, corporate bonds, government supported institutional bonds, subordinated bonds, medium-term notes
Notes, short-term financing bonds, ultra short-term financing bonds, convertible bonds (including separable trading convertible bonds), exchangeable
Bonds, etc.), asset-backed securities, bond repurchase, bank deposits, interbank deposit receipts, money market instruments, credit
Use derivatives and other financial instruments permitted by laws and regulations or the CSRC for fund investment (subject to
Relevant regulations of the CSRC).
The Fund may participate in financing business in accordance with laws and regulations.
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The proportion of the Fund's investment portfolio: the proportion of the Fund's stock assets in the Fund's assets is 60% - 95%,
Among them, the proportion of investment in Hong Kong stocks shall not exceed 50% of stock assets; At the end of each trading day
After deducting the trading margin required to be paid for stock options, stock index futures and treasury bond futures contracts, it shall not be less than
Cash of 5% of net asset value or government bonds with maturity date less than one year, of which cash does not include settlement
Provisions, deposits and subscription receivables, etc.
3、 Investment strategy
1. Allocation strategy of major categories of assets
The Fund adopts an active asset allocation strategy of major categories, and comprehensively considers the macro economy through macro strategy research
Economic, national fiscal policy, monetary policy, industrial policy, market liquidity and other factors
The expected returns of asset categories are dynamically tracked to determine the allocation proportion of major categories of assets.
2. Stock investment strategy
(1) Industry configuration strategy
The Fund conducts industry configuration and dynamics through research on industry development prospects, competition patterns, etc
Adjustment. Specifically, the Fund will focus on the following aspects of the industry:
1) Industry development prospect
The Fund continuously tracks and analyzes the development of various industries, and timely analyzes the boom cycle
Research and judge the future development trend, and focus on investing in industries with good development prospects.
2) Industry competition pattern
The Fund closely tracks the number of current entrants in the industry and the competitive strategies of related companies in the industry
Judge the changes in the competition pattern of various industries, and focus on investing in industries with good competition pattern.
(2) Individual stock investment strategy
On the basis of industry analysis and through in-depth research on the fundamentals of listed companies, the Fund focuses on
Select high-quality companies with good long-term competitiveness on a marginal basis. Specifically, the Fund will
Focus on the following aspects of individual stocks:
1) Quality of listed companies
The management of the company is the executor of the company's strategy, and the excellent management team is to realize the rapid and continuous development of the enterprise
An important guarantee for the exhibition. The Fund focuses on corporate governance structure, management's strategic planning ability, and internal team
Management ability, etc.
In terms of growth, the Fund will make comprehensive judgment by combining quantitative analysis and qualitative analysis. In the quantitative analysis section,
The Fund Manager mainly refers to the growth rate of main business income, the growth rate of main business profit and the return on net assets
(ROE), gross profit rate and other growth indicators. On the qualitative analysis of the growth of listed companies, the Fund
Attention should be paid to the sustainability of enterprise growth ability. Focus on industry growth prospects, industrial chain position and policies
Support degree, user consumption habits, industry competition, profitability, financial structure and other aspects are analyzed.
In terms of profit quality, the Fund uses the return on total assets, return on net assets and profit cash ratio (after
Net cash flow/net profit), dividend rate and other indicators to consider the company's profitability and quality. In addition, this
The Fund will also focus on the composition and main sources of profits of listed companies, and comprehensively analyze their profitability and
Quality.
In terms of core competitiveness, the Fund focuses on the independent research and development capabilities and technological innovation capabilities of enterprises. have
Including but not limited to product technology content, technology development prospect, technology maturity, research funding input plan
Model, supporting policy support, economic effect of research achievements transformation, etc. At the same time, the Fund will also focus on this technology
Whether there is a certain competitive barrier, whether it conforms to the future direction of scientific and technological innovation and economic development
The market share of subdivided industries and the layout planning of future product lines.
2) Valuation level
The Fund will pay attention to the valuation level of individual stocks when constructing the portfolio to determine whether the stock is safe enough
Marginal, try to find high-quality listings with reasonable or undervalued valuations and leading positions in their respective industries
The company's stock is the investment target. Specific evaluation indicators include P/E, P/S, P/CF, PEG, etc. of individual stocks.
3) Expected difference
The Fund will timely grasp the effective expected difference in the market through rigorous field research and demonstration,
Find undervalued stocks. The expected difference is reflected in many aspects, including whether the company's earnings have consistently exceeded expectations
Potential, whether the level of the company's management team, asset quality and development plan are significantly underestimated by the market, etc.
(3) Stock investment strategy of Hong Kong Stock General Standard
The Fund may, according to the needs of its investment strategy or the changes in the market environment of different allocation places, choose to allocate some of its assets
Invest in Hong Kong stocks or choose not to invest fund assets in Hong Kong stocks. Fund assets are not necessarily invested in Hong Kong stocks.
(4) Investment strategy of depositary receipts
For the investment of depositary receipts, the Fund will invest according to the investment objectives and the stocks listed and traded in China
To implement the asset strategy, and to the greatest extent, avoid the risk of depository receipts from the transaction rules, listed company governance structure, etc
There may be some negative effects due to the differences between the two sides.
3. Bond investment strategy
In terms of bond investment, adhere to the principle of prudent investment and control the risk of bond investment. The Fund will
On the basis of reasonable expectations, through duration management, we will steadily invest in bonds and control the risk of bond investment.
At the stage of expected interest rate rise, keep the bond portfolio short in duration and reduce the risk of bond investment; In the pre
At the stage of interest rate decline, under the premise of risk assessment, the duration of bond investment should be appropriately increased in order to obtain a higher
High return on investment.
After determining the duration of the bond portfolio, the Fund will
Analyze the supply and demand of restricted securities, predict the possible changes in the shape of future yield curve, and determine the corresponding
Term structure configuration to obtain the investment income brought by the change of yield curve.
In terms of credit bond investment, the fund manager gives full play to the credit research achievements accumulated for a long time
Use analysis to dig deeply into the underlying securities that are undervalued in order to maximize the credit premium. In debenture
We will pay special attention to the assessment and prevention of credit risk when selecting. By analyzing macroeconomic cycle and market capital
Structure, flow direction, historical statistical interval of credit spreads and other factors determine the combination of credit spreads in the current credit bond market
Rationality, relative investment value and risk, and the future trend of credit spread curve to determine the overall credit bond
Investment proportion of. Through comprehensive analysis of corporate bonds, corporate bonds and other credit bond issuers before the development of the industry
Landscape, development status, market position, financial status, management level and debt level, combined with bond guarantee terms
Collateral valuation and other elements of the bond, comprehensively evaluate the credit risk of the bond issuer and the credit rating of the bond.
By dynamically tracking the credit risk of credit bonds, determine the reasonable credit spread of credit bonds, and excavate the low value
The appraised varieties are expected to obtain excess returns.
4. Asset backed securities investment strategy
The Fund's investment in asset-backed securities will adopt a top-down and bottom-up investment strategy. since
The top-down investment strategy refers to that the fund manager, based on the average duration allocation strategy and term structure allocation strategy,
Use quantitative or qualitative analysis methods to analyze the interest rate risk, prepayment risk and liquidity of asset-backed securities
Risk premium, tax premium and other factors are analyzed to judge the trend of yield and its benefits and risks.
The bottom-up investment strategy refers to that the fund manager uses quantitative or qualitative analysis methods to analyze the credit risk of the asset pool
Conduct analysis and measurement, and select the better varieties that match risk and return for allocation.
5. Investment Strategy of Convertible Bonds and Exchangeable Bonds
Convertible bonds (including separable trading convertible bonds) and exchangeable bonds have both equity securities and fixed income
The characteristics of profit securities are to resist downside risks and share the gains from rising stock prices. The Fund
Basis for in-depth analysis and research on the terms of convertible bonds and exchangeable bonds and the fundamentals of bond issuing companies
On the basis of the above, the value of convertible bonds and exchangeable bonds is assessed, and the investment has a high margin of safety and good
Convertible corporate bonds and exchangeable bonds with good liquidity in order to obtain stable investment returns.
6. Trading strategy of stock index futures
The Fund will participate in stock index futures trading with hedging as the main purpose in accordance with the principle of risk management,
Use stock index futures to divest some long stock assets of systematic risk. According to the market changes
The correlation between the spot market and the futures market and other factors, the number of futures contracts needed to be calculated
The quantity shall be dynamically tracked and measured, and flexibly adjusted in time. At the same time, consider the futures contracts of each month comprehensively
The pricing relationship between contracts, arbitrage opportunities, liquidity, margin requirements and other factors
Dynamic configuration between contracts.
7. Trading strategy of treasury bond futures
The Fund will, in accordance with the principle of risk management and the principle of prudence, take hedging as its main purpose,
Use treasury bond futures to manage basic investment portfolio and improve investment efficiency. The Fund mainly adopts liquidity
Good and actively traded treasury bond futures contracts, hedge through long or short hedging and other strategies
Work.
8. Stock Option Investment Strategy
The Fund will participate in stock option trading for the main purpose of hedging in accordance with the principle of risk management.
The Fund will combine the investment objectives, proportion restrictions, risk return characteristics and relevant restrictions and requirements of laws and regulations
To determine the investment opportunity and investment proportion of participating in stock option trading.
9. Credit derivatives investment strategy
The Fund will, in accordance with the principle of risk management, take risk hedging as the main purpose, and comply with the stock exchange
Or relevant regulations of the inter-bank market, participate in credit derivatives investment. The Fund will
Investment strategy of fixed income varieties, prudently carry out credit derivatives investment, and reasonably determine the investment of credit derivatives
Fund amount, duration, etc. At the same time, the Fund will strengthen the counterparties of the Fund's investment in credit derivatives
Risk management of institutions, reasonable dispersion of the concentration of counterparties and establishment of institutions
Conduct necessary due diligence and strict access control on the financial status, solvency and leverage level of the institution
Li.
10. Financing transaction strategy
The Fund can leverage financing transactions to meet the requirements of various laws and regulations on financing transactions and risk control
On the premise of system requirements, enlarge the investment income.
In the future, with the development of the market and the needs of fund management and operation, the fund manager can not change the investment
Under the premise of capital objectives, follow the provisions of laws and regulations, and adjust or update the investment accordingly after performing appropriate procedures
Policy.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The share assets of the Fund account for 60% - 95% of the Fund's assets, including investment in Hong Kong Stock Standard
The proportion of its shares shall not exceed 50% of its stock assets;
(2) At the end of each trading day, after deducting the amount to be paid for stock options, stock index futures and treasury bond futures contracts
After the transaction margin, keep the cash no less than 5% of the net asset value of the fund or the policy with the maturity date within one year
Government bonds, of which cash does not include settlement provisions, deposits and subscription receivables;
(3) The Fund participates in financing business, and at the end of any trading day, the purchased shares of financing held by the Fund and
The sum of the market value of his securities shall not exceed 95% of the net asset value of the fund;
(4) 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;
(5) All funds managed by the Fund Manager hold securities issued by one company (the same company
A+H shares listed simultaneously in China and Hong Kong), no more than 10% of the securities, completely based on
The types of funds that invest in securities with respect to the composition ratio of the index may not be subject to the proportion limit specified in this article;
(6) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(7) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(8) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
Over 10% of the size of the asset-backed securities;
(9) All funds managed by the Fund Manager invest in various asset supports of the same original equity holder
Securities shall not exceed 10% of the total size of its various asset-backed securities;
(10) The Fund shall invest in asset support certificates with a credit rating of BBB or above (including BBB)
Coupon. During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall
Sell all of them within 3 months from the date of rating report release;
(11) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, the number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(12) The Fund's participation in the trading of stock index futures and treasury bond futures shall comply with the following investment proportion restrictions:
At the end of any trading day, the value of the purchased stock index futures contracts held by the Fund shall not exceed the assets of the Fund
10% of net worth; The contract price of stock index futures and treasury bond futures held by the Fund at the end of any trading day
The sum of the value and the market value of the securities shall not exceed 95% of the net asset value of the fund, of which the securities refer to stocks
Bonds (excluding government bonds with maturity of less than one year), asset-backed securities, and financial assets under resale agreements
(excluding pledge repurchase), etc; The value of stock index futures contracts sold held by the Fund at the end of any trading day
Shall not exceed 20% of the total market value of the shares held by the Fund; The Fund is transacted on any trading day (excluding equity
The trading amount of the stock index futures contract of (position) shall not exceed 20% of the net asset value of the fund on the previous trading day; Base
The market value of shares held by Jin and the value of stock index futures contracts bought and sold, the total (calculated by netting) accounted for the fund
The proportion of assets shall comply with the relevant provisions of the Fund Contract on the proportion of stock investment;
At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed the fund assets
15% of net worth; At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed
30% of the total market value of bonds held by the Fund; The Fund deals (excluding closing positions) on any trading day
The trading amount of treasury bond futures contracts shall not exceed 30% of the net asset value of the fund on the previous trading day; The Fund
Market value of bonds held (excluding government bonds with a maturity date of less than one year) and purchase and sale of treasury bond futures
The total value (netting calculation) shall comply with the relevant provisions of the fund contract on the proportion of bond investment;
(13) The Fund's participation in stock option trading shall meet the following requirements:; Fund options due to open positions
The total amount of royalties paid and collected under the contract shall not exceed 10% of the net asset value of the fund; Subscription period for opening and selling
Rights, shall hold sufficient underlying securities; In case of opening and selling the put option, the full amount required for the exercise of the contract shall be held
Cash or cash equivalents recognized by the rules of the Exchange to offset the option margin; Option contract face of open position
The value shall not exceed 20% of the net asset value of the fund. The par value of the contract is calculated by multiplying the exercise price by the contract multiplier;
(14) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(15) All open-ended funds managed by the Fund Manager (including open-ended funds and open funds
The holding of tradable shares issued by a listed company shall not exceed that of the listed company
15% of the outstanding shares; All investment portfolios managed by the Fund Manager are issued by a listed company
Of the tradable shares of the listed company shall not exceed 30% of the tradable shares of the listed company; Completely follow the structure of the relevant index
The fund varieties that invest in securities in proportion and the special investment portfolio recognized by the CSRC may be exempted
The proportion limit;
(16) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net assets of the Fund
15% of the value; Due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size and other fund managers
If the fund does not meet the limit of this proportion due to other factors, the fund manager shall not actively increase the liquidity restricted capital
Investment in assets;
(17) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
bring into correspondence with;
(18) If the Fund participates in credit derivatives transactions, it shall not hold the letter of credit risk protection seller attribute
Use derivatives, do not hold contractual credit derivatives, and the nominal principal of credit derivatives held shall not exceed
100% of the face value of the Fund's corresponding protected bonds; The Fund invests in various types of the same credit risk protection seller
The total nominal principal of credit derivatives shall not exceed 10% of the net asset value of the fund. Due to the fluctuation of securities/futures market
Factors other than the fund manager, such as the merger of dynamic and securities issuers and the change of fund size, result in the fund not meeting the requirements of the former
The Fund Manager shall make adjustment within 3 months in case of the specified proportion limit;
(19) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
Consolidated calculation of shares traded on internal listing;
(20) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Except for (2), (10), (16), (17) and (18) above, due to the fluctuation of the securities/futures market
Factors other than the fund manager, such as the merger of the securities issuer and the change of the fund size, result in the non conformance of the fund investment proportion
If the investment proportion is specified above, the fund manager shall adjust it within 10 trading days, but the CSRC
Unless otherwise specified by laws and regulations.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Make capital contributions to its fund manager and fund custodian;
(5) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(6) Other activities prohibited by laws, administrative regulations and the CSRC.
3. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the actual controller or a company that has a major interest relationship with it or certificates underwritten during the underwriting period
Securities, or other major related party transactions, shall comply with the investment objectives and investment strategies of the Fund and follow
The principle of giving priority to the interests of fund share holders, preventing conflicts of interest, establishing and improving internal approval mechanisms and evaluation mechanisms
The system shall be implemented according to the fair and reasonable price in the market. Relevant transactions must be approved by the Fund Custodian in advance, and
Disclosed according to laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be divided into three parts
Two or more independent directors passed. The Board of Directors of the Fund Manager shall conduct related party transactions at least every half a year
examination.
4. Laws, administrative regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund
After the Fund Manager has performed the appropriate procedures, the investment of the Fund will no longer be subject to the relevant restrictions or subject to the changed provisions as follows:
Accurate.
5、 Performance Benchmark
Shanghai Shenzhen 300 index yield × 60%+Hang Seng index yield × 10%+new comprehensive full price of China Bond (total value)
Index yield × 30%
The CSI 300 Index is a sample of 300 A-shares selected from the Shanghai and Shenzhen stock markets
The component stock index is made of, which has good market representativeness and market liquidity. CSI 300 Index and
The overall market performance is highly correlated, and the historical performance of the index is stronger than the average market return
Good investment value. This index is developed by China Securities Index Co., Ltd
It is prepared and maintained on the basis of, and the preparation method is highly transparent, which is suitable for the domestic market share of the Fund
Performance benchmarks.
The Hang Seng Index is compiled by Hang Seng Index Co., Ltd. It is one of the earliest stock market indexes in Hong Kong
Including the companies with the largest market value and the most active transactions and listed on the main board of the Stock Exchange of Hong Kong, it reflects the Hong Kong stock market
The stock index with the most influential price range trend is suitable as the performance comparison basis of the Hong Kong stock investment part of the Fund
Accurate.
The new comprehensive full price (gross value) index of China Bond is prepared by China Government Securities Depository and Clearing Co., Ltd
The figures are intended to comprehensively reflect the overall price and investment return of bonds in the whole market. The index covers major trading markets
Different issuers and terms. The index is widely representative of the market and can reflect the overall trend of the bond market
It is suitable to be used as the performance benchmark of the Fund's bonds.
If the index compilation unit stops calculating and compiling the above indexes or changes the index name, or future laws and regulations
There is change, or there is a more appropriate performance benchmark that is more widely accepted by the market, or the market
Changes lead to the fact that this performance benchmark is no longer applicable, or there is a performance ratio more applicable to the Fund in the market
When comparing the benchmark index, the Fund Manager can adjust the base according to the investment scope and investment strategy of the Fund
Performance benchmark of the fund, but should be subject to the requirements of laws, regulations or regulators after obtaining the consent of the fund custodian
It shall be reported to the CSRC for filing and announced on the specified media in a timely manner, without the need to convene a meeting of fund share holders
Discussion.
6、 Risk return characteristics
The Fund is a hybrid fund, whose long-term average risk and expected return rate are theoretically lower than those of equity funds,
Higher than bond funds and money market funds.
The Fund can invest in the stock of Hong Kong Stock Connect and meet with the investment environment and investment target under the Hong Kong Stock Connect mechanism
Special risks brought by differences in market system, trading rules, etc., including large fluctuations in the share price of the Hong Kong stock market
Risk, exchange rate risk, and possible risks caused by inconsistent trading days under the Hong Kong Stock Connect mechanism.
7、 Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with the relevant provisions of the State, and ensure that
Protect the interests of fund share holders;
2. Do not seek to control the listed company;
3. It is conducive to the safety and appreciation of fund assets;
4. Not for itself, employees, authorized agents or any interested third party through connected transactions
People seek any improper benefits.
8、 Implementation and investment operation arrangement of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions
The performance comparison benchmark, risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements and disposal changes of specific assets of side pocket accounts
See the provisions of the Prospectus or relevant announcements for details of matters such as cash and payments that have a significant impact on investors' rights and interests.
Part XIII Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
And other assets.
2、 Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
3、 Account of fund property
The Fund Custodian shall open capital accounts and securities accounts for the Fund in accordance with relevant laws, regulations and normative documents
And other special accounts required for investment. Special fund account opened, fund manager and fund custody
The property accounts owned by the fund sales agency, the fund registration agency and other fund property accounts are independent.
4、 Custody and disposal of fund assets
The assets of the Fund are independent of the assets of the Fund Manager, the Fund Custodian and the Fund Sales Agency, and
Custody by the gold custodian. The Fund Manager, the Fund Custodian, the Fund Registration Agency and the Fund Sales Agency shall
Some assets bear their own legal liabilities, and their creditors shall not apply for freezing or withholding of the Fund's assets
Pledge or other rights. Unless otherwise disposed of in accordance with laws and regulations and the Fund Contract, the Fund assets shall not be disposed of
Points.
The Fund Manager and the Fund Custodian were dissolved, dissolved or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. Assets of fund manager management and operation fund assets
The generated creditor's rights may not offset the debts generated by its inherent assets; Different bases for fund manager management and operation
The creditor's rights and liabilities arising from the fund assets of the fund shall not offset each other. Liabilities not due to the fund property itself,
It shall not enforce the fund assets.
Part XIV Valuation of Fund Assets
1、 Valuation date
The valuation date of the Fund is the trading date of the relevant securities/futures trading places of the Fund and national laws
The non trading day on which the laws and regulations require the disclosure of the net value of the fund.
2、 Valuation object
Stocks, bonds, asset-backed securities, derivatives, credit derivatives and bank deposits owned by the Fund
Assets and liabilities such as principal and interest, receivables and other investments.
3、 Valuation principles
When determining the fair value of relevant financial assets and financial liabilities, the Fund Manager shall comply with
Accounting Standards and relevant regulations of regulatory authorities.
（1） For investment varieties with an active market and the same quoted price of assets or liabilities
If there is a quotation on a daily basis, the quotation shall be applied to the fund without adjustment, except for the exceptions specified in the accounting standards
Fair value measurement of assets or liabilities. There is no quotation on the valuation date and there is no impact on fair value measurement after the latest trading day
In case of major events, the quoted price on the latest trading day shall be used to determine the fair value. There is sufficient evidence to indicate the valuation
If the quoted price on the latest trading day cannot truly reflect the fair value, the quoted price shall be adjusted to determine the fair value
Value.
The fair value of the same assets or liabilities shall be used if they are similar to the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
（2） For investment varieties that do not have an active market, they should be suitable for the current situation and have enough
The fair value can be determined by using valuation techniques supported by data and other information. Use valuation techniques to determine fair price
The observable input value should be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained
The unobservable input value can be used only when it is impracticable.
（3） In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) Securities (including stocks, etc.) listed on the stock exchange shall be listed on the stock exchange on the valuation date
Valuation of market price (closing price); There is no transaction on the valuation date, and there is no significant economic environment after the most recent transaction date
If there is 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) For the non equity fixed income varieties that have been listed or listed for transfer in the Exchange, the third one on the valuation date shall be selected
Party A's valuation benchmark service agency provides the full valuation price of the corresponding varieties on the current day for valuation;
(3) The third party on the valuation date shall be selected for the types of fixed income with rights that have been listed or listed for transfer in the Exchange
The only or recommended full valuation price of the corresponding varieties provided by the valuation benchmark service agency on the current day
Value;
(4) The exercise of the fixed income varieties that have been listed or listed for transfer by the Exchange, including the investors' right to sell back
For the resale right, the third party valuation benchmark service provider shall be selected between the resale registration date and the actual collection date
The unique or recommended full valuation price of the corresponding variety shall be valued, and the credit of the issuer shall be fully considered
Impact of risk changes on fair value. If the right of resale is not exercised after the deadline of the resale registration period (inclusive)
The valuation shall be carried out according to the price corresponding to the long outstanding period;
(5) Publicly issued convertible bonds and other convertible bonds listed and traded on the exchange with active market, including equity conversion
For bonds with full price trading, the closing price on the valuation date is selected as the full valuation price; Debt traded at net price
Select the closing price on the valuation date and add the accrued interest per hundred yuan before tax as the full valuation price;
(6) The securities listed on the exchange that do not have an active market shall be applicable in the current situation and have
The fair value can be determined by valuation techniques supported by sufficient available data and other information;
(7) Fixed income of unlisted or unlisted transfer in the exchange market and no active market
The type of profit shall adopt the valuation technology that is applicable in the current situation and supported by sufficient available data and other information
To determine its fair value.
2. The securities in the unlisted period shall be handled according to the following circumstances:
(1) The new shares issued for stock dividend, conversion, allotment and public issuance shall be listed on the stock exchange on the valuation date
The valuation method of the same stock; If there is no transaction on that day, the market price (closing price) of the latest day shall be used for valuation;
(2) For the initial public offering of unlisted shares, the fair value is determined using valuation techniques
If it is difficult to reliably measure the fair value, it shall be valued at cost;
(3) For the initial public offering of unlisted bonds, it is applicable under the current situation and sufficiently available
The fair value is determined by the valuation technology supported by data and other information;
(4) The shares with a certain period of restricted sale shall be specified at the time of issuance, including but not limited to non-public issuance of shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions, etc
The fair value is determined according to the relevant regulations of the governing body or industry association.
3. For the fixed income varieties without rights in the national inter-bank market, the third-party valuation benchmark shall be used
The full price valuation of the corresponding varieties provided by the institution on the current day. For the types of fixed income with rights in the inter-bank market,
According to the unique full valuation or recommended valuation of the corresponding varieties provided by the third-party valuation benchmark service agency on the current day
Full price valuation. For fixed income varieties including the investor's right to put back, if the right to put back is exercised
The unique valuation of the corresponding varieties provided by the third-party valuation benchmark service agency from the actual collection date
Price or recommended valuation, taking full account of the impact of changes in the issuer's credit risk on the fair value.
If the right to sell back is not exercised after the deadline of the registration period (inclusive), the price corresponding to the long waiting period shall be applied
Valuation. For fixed income varieties that are not listed in the inter-bank market and do not have an active market, the current situation
The fair value shall be determined by the valuation techniques applicable under and supported by sufficient available data and other information.
4. If the same security is traded in two or more markets at the same time, it shall be separately evaluated according to the market in which the security is located
Value.
5. Futures contracts are valued at the settlement price on the valuation day. If there is no settlement price on the valuation day, and the latest delivery
If there is no significant change in the economic environment in the future, the settlement price on the latest trading day shall be used for valuation.
6. The Fund's investment in stock option contracts shall be valued in accordance with relevant laws and regulations and the provisions of the regulatory authorities.
7. Credit derivatives are valued at the current valuation price provided by a third-party valuation agency, but the manager
The valuation responsibility that should be undertaken according to law is not exempted by the entrustment; No valuation price provided by the selected third-party valuation agency
If qualified, the fair value shall be determined by reasonable valuation techniques in accordance with relevant laws and regulations and the requirements of the Accounting Standards for Business Enterprises.
8. The valuation of the Fund's investment depositary receipts shall be carried out in accordance with the stocks listed and traded in China.
9. If the Fund participates in the financing business, it shall comply with the relevant laws and regulations, the relevant regulations of the regulatory authorities and industry associations
Relevant regulations.
10. If the Fund invests in the listing of overseas securities markets that are allowed to be traded by the stock market trading interconnection mechanism
If the exchange rate of the relevant currency against RMB is involved in the stock exchange rate, please refer to the prospectus for the source of the exchange rate.
11. In accordance with Chinese laws and regulations and the interconnection mechanism of fund investment stock market transactions
The Fund will pay all taxes required by the laws and regulations of the place where the external trading place is located on the accrual basis
Valuation; For the actual taxes paid by the Fund and the estimated amount due to the adjustment of tax regulations or other reasons
In case of any difference in tax payment, the Fund will make corresponding valuation adjustment on the relevant tax adjustment date or the actual payment date.
12. If there are sufficient reasons to show that the fair value cannot be objectively reflected by the above method
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
13. In case of large amount purchase or redemption of the Fund, the Fund Manager may use the swing pricing machine
To ensure the fairness of fund valuation.
14. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
The valuation shall be carried out according to laws and regulations and the latest regulations of the regulatory authorities.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the calculation results of the net value of the Fund.
5、 Valuation procedures
1. The net value of various fund units is based on the fund assets of various fund units after the market is closed on each working day
The net value is calculated by dividing it by the balance of such fund units on the current day, all of which are accurate to 0.0001 yuan, decimal point
The last fifth digit shall be rounded off, and the resulting gains or losses shall be borne by the fund property. The fund manager may set
Establish an emergency adjustment mechanism for net worth accuracy in the case of large redemption. In case of special circumstances
For the benefit of others, the Fund Manager and the Fund Custodian can reach an agreement and adjust the calculation of the net value of fund units in stages
The accuracy shall be announced accordingly, without the need to convene a general meeting of fund share holders for deliberation. If otherwise specified by the state
Its provisions.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units every working day, and
Notice.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the fund contract. After the fund manager evaluates the fund assets every working day,
The net value results of various fund units shall be sent to the Fund Custodian, and after the Fund Custodian has verified that there is no error, the fund shall be managed by the Fund
The manager shall be announced to the public.
6、 Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of any type of fund unit is within 4 decimal places (including the 4th decimal place)
In case of error, it shall be deemed that the valuation of such fund units is wrong.
The parties to the fund contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
"Valuation error handling principle" shall pay compensation and bear compensation liability.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the valuation error liability
Either party shall compensate the loss of the injured party, and within the scope of the compensation amount paid by it
The parties have the right to demand the delivery of unjust enrichment; If the party who has obtained unjust enrichment has excluded this part
When the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has already received to the amount of improper
The difference between the total return of profits and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of fund units, the fund manager shall immediately correct it and notify
The Fund Custodian shall take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager that
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.50% of the net value of such fund units
The fund manager shall make an announcement, notify the fund custodian and report to the CSRC for filing.
(3) If the above contents are otherwise stipulated by laws and regulations or regulatory authorities, they shall be handled in accordance with their provisions.
7、 Suspension of valuation
1. The securities/futures trading market or foreign exchange market involved in the Fund's investment meets statutory holidays or other reasons
The business is suspended due to reasons;
2. The Fund Manager and the Fund Custodian are unable to accurately assess the value of the Fund assets due to force majeure;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
8、 Recognition of net fund value
The fund manager is responsible for calculating the net asset value of the fund and the net value of various fund units, and the fund custodian is responsible for
Review. The Fund Manager shall calculate the net asset value of the Fund on each working day and
The net value of Class A fund units shall be sent to the fund custodian. Issued after the Fund Custodian reviews and confirms the net value calculation results
It shall be sent to the Fund Manager, who shall publish it in accordance with the Measures for Information Disclosure and other relevant provisions.
9、 Fund asset valuation during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the main pocket account assets shall be valued and
Disclose the net fund value information of the main pocket account, and suspend the disclosure of the net share value of the side pocket account.
10、 Handling of special cases
1. Errors caused by the Fund Manager or the Fund Custodian when conducting valuation according to Item 12 of the valuation method
The difference is not treated as an error in the valuation of fund assets.
2. Due to force majeure, or the third party, such as securities/futures trading venues, registration and clearing institutions and deposit banks
The data sent by Party A is wrong, or the change of national accounting policies, market rules and other non fund managers and
For reasons of the Fund Custodian, although the Fund Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures
The Fund Manager and
The Fund Custodian shall be exempted from liability for compensation. However, the Fund Manager and the Fund Custodian shall actively take necessary measures
Eliminate or mitigate the impact caused thereby.
Part XV Fund Fees and Taxes
1、 Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Sales service fees accrued for Class C fund units;
4. Unless otherwise specified by laws and regulations and the CSRC, the Fund Contract shall be
Information disclosure fees;
5. Accounting fees, attorney fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect;
6. Expenses for the general meeting of fund share holders;
7. Transaction costs of securities, futures, options and credit derivatives of the Fund;
8. Bank transfer fees of the Fund;
9. Fund account opening fees and account maintenance fees;
10. All reasonable expenses arising from investment in Hong Kong stocks;
11. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
2、 Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at an annual fee rate of 1.20% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 1.20% ÷ days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
The fund management fee is accrued daily, accumulated to the end of each month day by day, and paid monthly. By the Fund Manager and the Fund Manager
The fund custodian shall send the fund management fee transfer instruction to the fund custodian after verification. Fund manager optional
Select to issue a transfer instruction to the fund custodian within three working days from the first day of the next month, or authorize the fund custodian
Carry out automatic payment of fees. If automatic payment is selected, the fund manager shall ensure that the account balance of the day is paid
Sufficient. If the automatic payment cannot be made due to insufficient fund balance or other reasons, the administrator shall issue another
Transfer instructions. In case of legal holidays, public holidays, etc., the payment date shall be postponed.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.20% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.20% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily, accumulated to the end of each month day by day, and paid monthly. By the Fund Manager and the Fund Manager
After the Fund Custodian has checked the consistency, it shall send the Fund Custodian an instruction for the transfer of the Fund Custodian Fee. Fund manager optional
Select to issue a transfer instruction to the fund custodian within three working days from the first day of the next month, or authorize the fund custodian
Carry out automatic payment of fees. If automatic payment is selected, the fund manager shall ensure that the account balance of the day is paid
Sufficient. If the automatic payment cannot be made due to insufficient fund balance or other reasons, the administrator shall issue another
Transfer instructions. In case of legal holidays, public holidays, etc., the payment date shall be postponed.
3. Fund 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 0.50%. The fund sales service fee will be used exclusively for the sale of the fund and the service of fund share holders,
The Fund Manager will make a special statement on the disbursement of such expenses in the annual report of the Fund.
The sales service fee is accrued at the annual fee rate of 0.50% of the net asset value of the fund of Class C fund units on the previous day. meter
The calculation method is as follows:
H ＝ E × 0.50% ÷ days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The fund sales service fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. By the Fund Manager
After checking with the Fund Custodian, the Fund Custodian shall be sent a fund sales service fee transfer instruction
The manager shall pay to each sales organization according to relevant agreements. In case of legal holidays, public holidays, etc., the payment date
Postponed.
Items 4-11 of the above "I. Types of fund expenses" shall be paid according to relevant regulations and corresponding agreements
It is stipulated that the actual amount of expenses shall be included in the current expenses, which shall be paid by the Fund Custodian from the Fund assets.
3、 Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
4、 Cost adjustment
The Fund Manager and the Fund Custodian may, after reaching consensus and performing appropriate procedures,
And adjust the fund management fee for all or part of the share categories in accordance with the provisions of laws and regulations and the fund contract
Rate, fund custody rate or fund sales service rate and other relevant rates.
5、 Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the provisions of the Prospectus or relevant announcements for details of fees.
6、 Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes according to the current national tax laws and regulations
Compliance. The relevant taxes on the investment of fund assets shall be borne by the fund share holders, and the fund manager or its
His withholding agent shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
Part XVI Income and Distribution of the Fund
1、 Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the gains and losses from changes in fair value.
2、 Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized income.
3、 Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the fund manager can carry out
Income distribution. The specific distribution plan shall be subject to the announcement. If the Fund Contract takes effect less than 3 months ago, it may not be carried out
Income distribution;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Cash dividends or cash dividends are automatically reinvested into corresponding types of fund units, and the fund units hold
People can choose different dividend methods for Class A and Class C fund units; If investors do not choose, the Fund
The default income distribution method is cash dividends;
3. After the distribution of fund income, the net value of various fund units cannot be lower than the par value, that is, the fund income distribution benchmark
The net value of various fund units on the day minus the amount of income distribution per unit of such fund units cannot be lower than the par value;
4. Each fund unit of the same category of the Fund has the same right of distribution;
5. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
Without violating laws and regulations, the Fund Agreement and the interests of Fund Unitholders
In case of adverse impact, the Fund Manager may adjust the distribution principle and payment method of the Fund income without calling
Hold a general meeting of fund unit holders for deliberation.
4、 Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund receipts as of the base date of income distribution
The distribution object, distribution time, distribution amount and proportion, distribution method, etc.
5、 Determination, announcement and implementation of income distribution plan
The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian in accordance with relevant regulations
It shall be announced in the specified media.
6、 Expenses incurred in fund income distribution
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. When
When the investor's cash dividend is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund
The registration institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Bonus
The investment shall be calculated in accordance with the Business Rules.
7、 Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the side pocket account will not be used for income distribution. See the prospectus for details
Or relevant announcements.
Part XVII Accounting and Audit of the Fund
1、 Fund accounting policy
1. The Fund Manager is the fund accounting responsible party of the Fund;
2. The accounting year of the Fund is from January 1 to December 31 of the Gregorian calendar year; Fund raised for the first time
The accounting year shall follow the following principles: if the Fund Contract takes effect less than 2 months, it can be incorporated into the next accounting year
Annual disclosure;
3. The bookkeeping base currency for fund accounting is RMB yuan, and the bookkeeping unit is RMB yuan;
4. The accounting system shall implement the relevant national accounting system;
5. The Fund establishes accounts and accounts independently;
6. The Fund Manager and the Fund Custodian shall respectively keep complete accounting accounts and vouchers and conduct daily
Accounting and preparation of fund accounting statements in accordance with relevant regulations;
7. The Fund Custodian shall check with the Fund Manager on the accounting and statement preparation of the Fund every month
Confirm.
2、 Annual audit of the Fund
1. The Fund Manager's engagement of mutual independence with the Fund Manager and the Fund Custodian is consistent with the requirements of the People's Republic of China
The annual financial statements of the Fund prepared by the accounting firm and its certified public accountants as prescribed by the Securities Law of the Republic of China
Bank audit.
2. An accounting firm shall obtain the prior consent of the fund manager to change its certified public accountant.
3. The Fund Manager shall notify the Fund Custodian if it believes that there is sufficient reason to change the accounting firm. more
The change of accounting firm shall be announced in the specified media within 2 days.
Part XVIII Fund Information Disclosure
1、 The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures, the Information Disclosure Measures
Liquidity Risk Management Regulations, Fund Contract and other relevant regulations. Information about relevant laws and regulations
In case of any change in the disclosure method, publishing media, reporting method and other provisions of the disclosure, the Fund shall comply with its latest provisions.
2、 Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convening fund unit holders
Fund Unitholders and other laws and regulations of the General Meeting and natural persons, legal persons and groups of non legal persons as stipulated by the CSRC
Woven.
The information disclosure obligor of the Fund shall take the protection of the interests of fund share holders as the fundamental starting point, according to
Disclose fund information in accordance with laws and regulations and the provisions of the CSRC, and ensure the authenticity and accuracy of the information disclosed
Integrity, timeliness, conciseness and accessibility.
The information disclosure obligor of the Fund shall, within the time specified by the CSRC, submit the fund letter that should be disclosed
Information is disclosed through national newspapers and periodicals (hereinafter referred to as
"Regulated Newspapers and Periodicals") and Internet websites specified in the Information Disclosure Measures (hereinafter referred to as "Regulated Websites")
Media disclosure, and ensure that fund investors can check or
Copy publicly disclosed information.
3、 The Fund information disclosed by the Fund Information Disclosure Obligor shall not commit the following acts:
1. False records, misleading statements or major omissions;
2. To predict the performance of securities investment;
3. Committing gains or bearing losses in violation of regulations;
4. Slander other fund managers, fund custodians or fund sales agencies;
5. Publish congratulatory, complimentary or recommendatory words of any natural person, legal person or unincorporated organization;
6. Other acts prohibited by the CSRC.
4、 The information publicly disclosed by the Fund shall be in Chinese. If a foreign language text is used at the same time, the fund
The obligor of information disclosure shall ensure that the contents of different texts are consistent. In case of ambiguity between different texts
The text shall prevail.
The information publicly disclosed by the Fund shall be in Arabic numerals; Unless otherwise specified, the currency unit is RMB
Yuan.
5、 Publicly disclosed fund information
The publicly disclosed fund information includes:
（1） Fund Prospectus, Fund Contract, Fund Custody Agreement, Fund Product Information Summary
Fund Unit Offering Announcement
1. The Fund Contract defines the rights and obligations of the parties to the Fund Contract and clarifies the basis
The rules and specific procedures for holding the general meeting of gold share holders, specifying the characteristics of the fund products and other matters related to fund investment
Legal documents on matters of vital interest.
2. The prospectus of the fund shall disclose to the maximum extent all matters affecting the decisions of the fund investors,
Explain fund subscription, purchase and redemption arrangements, fund investment, fund product characteristics, risk disclosure and information disclosure
Disclose the services of fund share holders.
After the Fund Contract comes into force, if the information in the Prospectus of the Fund changes significantly, the Fund Manager
The prospectus shall be updated and published on the specified website within three working days; Fund recruitment description
If other information in the book changes, the fund manager shall update it at least once a year. If the fund terminates its operation, the fund
The Manager will no longer update the Prospectus of the Fund.
3. The Fund Custody Agreement defines the fund custodian and the fund manager in the custody of the fund property and the operation of the fund
Legal documents on rights and obligations in supervision and other activities.
4. The fund product information summary is a summary document of the fund prospectus, which is used to provide investors with a brief summary
General information of the fund. After the Fund Contract comes into force, the information in the fund product information summary has changed significantly
Furthermore, the fund manager shall update the summary of fund product information within three working days and publish it in the regulations
Website and fund sales agency website or business outlet; In case of any change in other information of the fund product profile,
The Fund Manager shall be updated at least once a year. If the operation of the fund is terminated, the fund manager will no longer update the fund products
Data summary.
5. The Fund Manager shall prepare an announcement on the sale of fund units with respect to the specific matters concerning the sale of fund units.
After the application for fund raising has been registered by the CSRC, the fund manager shall, within 3 days of the sale of the fund units
The announcement of the sale of fund units, the indicative announcement of the prospectus and the indicative announcement of the fund contract
It shall be published in the required newspapers and periodicals, and the fund unit sale announcement, fund prospectus, fund product information summary
The Fund Contract and the Fund Custody Agreement shall be published on the specified website, in which the summary of fund product information shall also
Published on the website or business outlet of the fund sales agency; The Fund Custodian shall simultaneously
The gold custody agreement is published on the specified website.
（2） Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall, on the next day after receiving the confirmation document from the CSRC, publish the Fund on the specified media
Announcement of the effectiveness of the Contract.
（3） Net fund value information
After the Fund Contract comes into force and before the subscription or redemption of fund units, the Fund Manager shall
The net value of various fund units and the cumulative net value of fund units shall be disclosed at least once a week on the specified website.
After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day of, disclose all kinds of funds on the open day through the specified website, fund sales agency website or business outlets
Net value of units and cumulative net value of fund units.
The Fund Manager shall disclose the information on the prescribed website no later than the next day after the last day of the half year and the year
Net value of various fund units and accumulated net value of fund units on the year and the last day of the year.
（4） Subscription and redemption price of fund units
The Fund Manager shall specify various types of funds in the Fund Contract, Prospectus and other information disclosure documents
Calculation method of subscription and redemption price of gold shares and relevant subscription and redemption rate, and ensure that investors can
The website or business outlet of the fund sales institution shall consult or copy the aforesaid information.
（5） Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
The Fund Manager shall complete the annual report of the Fund within three months from the end of each year
The annual report is published on the specified website, and the advisory announcement of the annual report is published on the specified newspaper. Fund year
The financial accounting report in the report shall be certified by an accountant who complies with the Securities Law of the People's Republic of China
Audit by the firm.
The Fund Manager shall, within two months from the end of the first half of the year, prepare the interim report of the Fund and
The interim report is published on the specified website, and the suggestive announcement of the interim report is published on the specified newspaper.
The Fund Manager shall complete the quarterly report of the Fund within 15 working days from the end of the quarter,
Publish the quarterly report on the specified website, and publish the suggestive announcement of the quarterly report on the specified newspaper.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report
Periodic report or annual report.
In the report period, if a single investor holds 20% or more of the total fund shares
In order to protect the rights and interests of other investors, the fund manager shall at least report regularly on "influencing investors' decisions"
The category, holding shares and proportion at the end of the reporting period, and report of the investor are disclosed under "Other important information of the policy"
Changes in shares held during the period and the unique risks of the Fund, except for special circumstances recognized by the CSRC.
The fund manager shall disclose the fund portfolio assets and their
Liquidity risk analysis, etc.
（6） Interim report
If a major event occurs to the Fund, the relevant information disclosure obligor shall prepare an interim report within 2 days,
And published on the specified newspapers and websites.
The term "major event" as mentioned in the preceding paragraph refers to the possible impact on the rights and interests of fund unit holders or the price of fund units
The following events with significant impact:
1. The convening and decisions of the general meeting of fund share holders;
2. The Fund Contract is terminated and the Fund is liquidated;
3. Conversion of fund operation mode and fund merger;
4. Change of fund manager, fund custodian, fund share registration agency, and change of fund accounting firm
Office;
5. The fund manager entrusts the fund service agency to handle the registration, accounting and valuation of fund shares on its behalf
Matters: the Fund Custodian entrusts the Fund Service Institution to handle the accounting, valuation, review and other matters of the Fund on its behalf;
6. The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
7. The actual change of shareholders holding more than 5% of the equity by the Fund Manager and the change of the Fund Manager
Controller;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. Senior managers of the Fund Manager, the Fund Manager and the Special Fund Custodian Department of the Fund Custodian
The responsible person changes;
10. The directors of the Fund Manager have changed by more than 50% in the last 12 months; Fund manager
The main business personnel of the special fund custody department of the fund custodian have changed by more than one percent in the last 12 months
Thirty;
11. Litigation or arbitration involving fund property, fund management business or fund custody business;
12. The fund manager or its senior managers and fund managers are subject to
Major administrative punishment and criminal punishment, and the fund custodian or the head of its special fund custody department
Business related behaviors are subject to major administrative and criminal penalties;
13. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the actual controller or a company that has a major interest relationship with it or certificates underwritten during the underwriting period
Securities, or other major related party transactions, unless otherwise stipulated by the CSRC;
14. Fund income distribution matters;
15. Accrual standard and accrual of management fee, custody fee, sales service fee, subscription fee, redemption fee, etc
Changes in methods and rates;
16. The valuation error of the net value of any type of fund unit reaches 0.5% of the net value of such type of fund unit;
17. The Fund begins to handle subscription and redemption;
18. The Fund is redeemed in large amount and postponed;
19. The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
20. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
21. Major events involving adjustment of subscription and redemption of the Fund or potential impact on redemption of investors
Hour;
22. The Fund Manager adopts the swing pricing mechanism for valuation;
23. Adjust the setting of fund share categories;
24. The Fund launches new businesses or services;
25. The price that the Fund Information Disclosure Obligor believes may be paid to the rights and interests of Fund Unitholders or Fund Units
Other matters that have a significant impact or other matters specified by the CSRC.
（7） Clarification announcement
During the duration of the Fund Contract, any public media or market circulation
The interest may have a misleading impact on the price of fund shares or cause major fluctuations, and may damage the fund shares
If the rights and interests of the relevant information disclosure obligor are known, it shall immediately make public clarification on the information.
（8） Resolution of the general meeting of fund share holders
The matters decided by the general meeting of fund unit holders shall be reported to the CSRC for record and announced in accordance with the law.
（9） Liquidation report
If the Fund Contract is terminated, the Fund Manager shall, in accordance with the law, organize a fund asset liquidation team to
The assets shall be liquidated and a liquidation report shall be made. The fund assets liquidation group shall publish the liquidation report on the specified website
And publish the suggestive announcement of the liquidation report on the prescribed newspapers and periodicals.
（10） Announcement on Stock Investment of Hong Kong Stock Connect
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
(Update) and other documents to disclose the shares of Hong Kong Stock Connect in accordance with the then effective laws and regulations or the requirements of regulatory authorities
Investment. If the CSRC makes a public offering of securities investment funds through the mainland and Hong Kong stock markets
If there are other provisions on the information disclosure of the investment in the Hong Kong stock market by the Easy Connect mechanism, those provisions shall prevail.
（11） Announcement of Stock Index Futures Trading
If the Fund participates in stock index futures trading, the Fund Manager shall submit quarterly reports, interim reports and annual reports
The report and other regular reports and the prospectus (update) and other documents disclose the trading of stock index futures, including
Exchange policy, position, profit and loss, risk indicators, etc., and fully reveal the impact of stock index futures trading on the total fund
The impact of physical risk and whether it conforms to the established trading policies and objectives.
（12） Announcement of treasury bond futures trading
If the Fund participates in treasury bond futures trading, the Fund Manager shall submit quarterly reports, interim reports and annual reports
The report and other regular reports, as well as the prospectus (update) and other documents disclose the trading of treasury bond futures, including
Exchange policy, position, profit and loss, risk indicators, etc., and fully reveal the impact of treasury bond futures trading on the total fund
The impact of physical risk and whether it conforms to the established trading policies and objectives.
（13） Announcement on Stock Option Investment
If the Fund invests in stock options, the Fund Manager shall disclose the participating shares in the regular information disclosure documents
Relevant information of ticket option trading, including investment policy, position, profit and loss, risk indicators and valuation
Methods, and fully reveal the impact of stock option trading on the overall risk of the fund and whether it conforms to the established investment
Investment policies and investment objectives.
（14） Announcement on credit derivatives investment
If the Fund invests in credit derivatives, the Fund Manager shall submit quarterly reports, interim reports and annual reports
The investment in credit derivatives is disclosed in the regular report, prospectus (update) and other documents,
Including investment strategies, positions, etc., and fully revealing the impact of investment in credit derivatives on the overall risk of the fund
And whether it conforms to the established investment objectives and strategies.
（15） Announcement of Asset backed Securities Investment
If the Fund invests in asset-backed securities, the Fund Manager shall include in the Fund's annual report and interim report
Disclose the total amount of asset-backed securities held, the proportion of the market value of asset-backed securities in the net assets of the fund and the report
Details of all asset-backed securities during the period; The asset-backed securities held by the fund shall be disclosed in the quarterly report of the fund
Total amount, the proportion of market value of asset-backed securities in the net assets of the fund and the proportion of market value in the net assets of the fund at the end of the reporting period
For example, the top 10 asset-backed securities in size order are detailed.
（16） Announcement of financing participation
If the Fund participates in financing business, the Fund Manager shall submit quarterly report, interim report and annual report
Such regular reports and prospectus (update) and other documents disclose the participation in financing transactions, including investment policies
Omission, business development, profit and loss, risk and management, etc.
（17） Information disclosure during the implementation of the side pocket mechanism
Where the Fund implements the side pocket mechanism, relevant information disclosure obligors shall, in accordance with laws, regulations and fund contracts
Information disclosure in accordance with the provisions of the Prospectus, see the provisions of the Prospectus or relevant announcements for details.
（18） The information disclosure of the Fund's investment in depositary receipts shall be subject to the domestic listed stocks.
（19） Other information specified by the CSRC.
6、 Information disclosure management
The Fund Manager and the Fund Custodian shall establish and improve the information disclosure management system, designate special departments and
Senior management is responsible for managing information disclosure.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information of the CSRC
The disclosure content and format standards and other regulations.
The Fund Custodian shall comply with relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Determine the net asset value of the fund, the net value of various fund units, and the purchase and redemption of fund units prepared by the fund manager
Price, regular fund report, updated prospectus, summary of fund product information, fund liquidation report, etc
Review and review the publicly disclosed fund information, and confirm it in writing or electronically to the fund manager.
The Fund Manager and the Fund Custodian shall choose one of the prescribed newspapers to disclose the information of the Fund.
The fund manager and the fund custodian shall submit the funds to be disclosed to the fund electronic disclosure website of the CSRC
Information, and ensure the authenticity, accuracy, integrity and timeliness of the information submitted.
The Fund Manager and the Fund Custodian may, in addition to disclosing information on the prescribed media according to law
Disclose information in other public media, but other public media shall not disclose information earlier than the specified media, and
The content of the same information disclosed on different media shall be consistent.
In addition to disclosing information as required by laws and regulations, fund managers and fund custodians can also focus on investment
From the perspective of providing useful information when making decisions, we should ensure that investors are treated fairly, not mislead investors, and not affect the
Under the premise of normal investment operation, independently improve the quality of information disclosure services. The specific requirements shall meet the requirements of
Relevant provisions of the CSRC and self regulatory rules. In case of information disclosure fees arising from the aforesaid independent disclosure, such fees shall not
It may be disbursed from the fund assets. To issue audit reports for the fund information publicly disclosed by the fund information disclosure obligor
The professional institution of the legal opinion shall prepare working papers and keep relevant files at least in the Fund
10 years after the termination.
7、 Storage and reference of information disclosure documents
After the release of the information that must be disclosed according to law, the Fund Manager and the Fund Custodian shall comply with the relevant laws and regulations
Regulations require that information be kept at the company's domicile for public reference and reproduction.
8、 The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund information when
Related information:
(1) Force majeure;
(2) Valuation suspension occurs;
(3) Laws and regulations, fund contract or the situation stipulated by the CSRC.
Part XIX Change and Termination of Fund Contract and Liquidation of Fund Assets
1、 Changes to the Fund Contract
1. The change of the fund contract involves the provisions of laws and regulations or the fund contract shall be approved by the fund unit holders
If a resolution is passed at the meeting, a general meeting of fund unit holders shall be convened to pass the resolution. For laws and regulations
Matters that may not be passed by the resolution of the general meeting of fund share holders as agreed in the fund agreement shall be handled by the fund manager
And the Fund Custodian, and report to the CSRC in accordance with laws and regulations or regulatory requirements
It will be filed.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective,
The resolution shall be announced in the specified media within two days after it takes effect.
2、 Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the Fund Manager and the Fund Custodian are terminated, and there are no new Fund Managers or new Fund Custodians within 6 months
Undertaken by the Fund Custodian;
3. Other circumstances stipulated in the Fund Contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
3、 Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of termination of the Fund Contract
Establish a fund asset liquidation group, and the fund manager shall organize the fund asset liquidation group and supervise it in the CSRC
Supervise the fund liquidation.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
Custodians, certified public accountants, lawyers who meet the provisions of the Securities Law of the People's Republic of China, and the CSRC
Designated personnel composition. The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct liquidation
The report shall issue a legal opinion;
(6) Report the liquidation report of the Fund assets to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is limited
If it cannot be realized in time, the liquidation period shall be postponed accordingly.
4、 Liquidation expenses
Liquidation expenses refer to all contracts incurred by the fund assets liquidation team in the process of fund assets liquidation
The fund assets liquidation team shall pay the management fees and liquidation fees from the remaining assets of the fund in priority.
5、 Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
6、 Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The 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. The fund assets liquidation group shall liquidate
The report is published on the specified website, and the suggestive announcement of the liquidation report is published on the specified newspaper.
7、 Preservation of fund assets liquidation books and documents
The fund asset liquidation account book and relevant documents shall be kept by the fund custodian for a period not less than that prescribed by laws and regulations
The specified minimum period.
Part XX Liability for Breach of Contract
1、 The Fund Manager and the Fund Custodian violate the Fund Law in the process of performing their respective duties
As stipulated in laws and regulations or the Fund Contract, losses are caused to fund assets or fund unit holders
Those who have caused damage shall be liable for compensation according to law for their respective acts; Fund assets or funds due to joint action
If the holder of the gold share causes damage, he shall bear joint and several liability for compensation, and the compensation for the loss shall be limited to direct
Losses.
However, the party concerned shall be exempted from liability if:
1. Force majeure;
2. The Fund Manager and/or the Fund Custodian shall comply with the then effective laws and regulations or the regulations of the CSRC
Losses caused by acts or omissions;
3. The Fund Manager exercises or does not exercise its investment right in accordance with the investment principles specified in the Fund Contract
Loss caused, etc.
2、 To protect the interests of fund share holders to the greatest extent in the event of breach of contract by one or more parties
If the Fund Contract can continue to be performed, it shall continue to be performed. The non defaulting party is in office
Within the scope of responsibility, it is obliged to take necessary measures in time to prevent the expansion of losses. Failure to take appropriate measures resulted in
If the loss is further expanded, no claim may be made for compensation for the expanded loss. The non defaulting party paid for preventing the loss from expanding
The reasonable expenses incurred shall be borne by the defaulting party.
3、 Due to factors beyond the control of the Fund Manager and the Fund Custodian, business errors occur
Although the Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they fail to
The Fund Manager and the Fund Custodian will be exempted from compensation for the loss of the Fund property or investors caused by the discovery of errors
Liability. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate this
The impact of success.
Part XXI Dispute Settlement and Applicable Law
The parties agree that due to the conclusion, content, performance and interpretation of the Fund Contract or
The parties to the fund contract shall try their best to settle all disputes related to the fund contract through consultation and mediation
If no settlement can be reached through good negotiation and mediation, either party shall submit the dispute to China International Economic and Trade Arbitration Commission
The Commission shall conduct arbitration in accordance with its then effective arbitration rules, and the place of arbitration shall be Beijing. The arbitral award is final
It is local and binding on all parties. Unless otherwise determined by the arbitration award, the arbitration fee shall be borne by the losing party
Dan.
During the dispute settlement period, the Fund Manager and the Fund Custodian shall strictly abide by their respective responsibilities and continue to be faithful and diligent
To diligently and responsibly perform the obligations specified in the Fund Agreement and safeguard the legitimate rights and interests of Fund Unitholders.
The Fund Contract is governed by the laws of China (for the purpose of the Fund Contract, Hong Kong and Macao are excluded here
Administrative Region and Taiwan Law).
Part XXII Effect of Fund Contract
The Fund Contract is a legal document that stipulates the rights and obligations between the parties to the Fund Contract.
1. The Fund Contract has been sealed by the Fund Manager and the Fund Custodian, and the legal representatives or
The authorized representative shall sign or seal and handle the fund filing with the CSRC through the fund manager after the end of the offering
The procedures shall come into force upon the written confirmation of the CSRC.
2. The term of validity of the Fund Contract shall be from the date of its entry into force to the time when the liquidation results of the Fund assets are reported to the CSRC
The date of filing and announcement.
3. From the effective date of the Fund Contract
All parties to the Fund Contract, including persons, shall have the same legal binding force.
4. The original of the Fund Contract is in triplicate. In addition to one copy submitted to the relevant regulatory authority, the Fund Manager
The Fund Custodian shall hold one copy each with the same legal effect.
5. The Fund Contract can be printed in a volume for investors to use in the Fund Manager, Fund Custodian and Sales Machines
Check the office and business premises of the organization.
Part XXIII Other Matters
If there are any matters not covered in the Fund Contract, the parties to the Fund Contract shall consult with each other in accordance with relevant laws and regulations
It shall be settled through negotiation.
Part XXIV Summary of the Fund Contract
1、 Rights and obligations of fund share holders, fund managers and fund custodians
（1） Rights and obligations of fund share holders
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) Transferring or applying for redemption of fund units held by them according to law;
(4) To call a general meeting of fund unit holders or a general meeting of fund unit holders as required;
(5) Attend or appoint a representative to attend the general meeting of fund unit holders
Exercise the right to vote on matters under consideration;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) The legal rights and interests of the fund manager, fund custodian and fund service institution shall be harmed in accordance with
Legal action or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders
Including but not limited to:
(1) Carefully read and abide by the Fund Contract, Prospectus, Fund Product Profile and other information
Disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the fund investment
Value, make investment decisions independently and bear investment risks independently;
(3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
(4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
(5) Undertaking fund losses or terminating the Fund Contract within the scope of fund units held by them
Limited liability;
(6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund Contract;
(7) Implement the effective resolutions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
（2） Rights and obligations of the Fund Manager
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Manager include
But not limited to:
(1) Raising funds according to law;
(2) As of the effective date of the Fund Contract, it shall be used independently in accordance with laws and regulations and the Fund Contract
And manage the fund assets;
(3) Collect fund management fees in accordance with the Fund Contract and the provisions of laws and regulations or approved by the CSRC
Other approved expenses;
(4) Sale of fund shares;
(5) Convene the general meeting of fund unit holders in accordance with the provisions;
(6) Supervise the Fund Custodian in accordance with the Fund Contract and relevant laws and regulations
If a person violates the Fund Contract and relevant national laws and regulations, he shall report it to the CSRC and other regulatory authorities,
And take necessary measures to protect the interests of fund investors;
(7) Nominate a new Fund Custodian when the Fund Custodian changes;
(8) Select and replace the fund sales agency, supervise and deal with the relevant acts of the fund sales agency
Reason;
(9) Act as or entrust other qualified institutions to act as fund registration agencies to handle fund registration business
And obtain the fees specified in the Fund Contract;
(10) Determine the distribution plan of fund income in accordance with the Fund Contract and relevant laws and regulations;
(11) Reject or suspend the acceptance of subscription, redemption and conversion applications within the scope agreed in the Fund Contract
Please;
(12) Exercise relevant rights against the invested company for the benefit of the Fund in accordance with laws and regulations, and for the benefit of the Fund
To exercise the rights arising from the investment of fund assets in securities;
(13) If permitted by laws and regulations, conduct financing and securities lending for the Fund in accordance with the law for the benefit of the Fund;
(14) Exercising litigation rights on behalf of fund share holders in the name of the fund manager; or
Performing other legal acts;
(15) Select and replace law firms, accounting firms, securities brokers, futures brokers or
Other external institutions providing services for the Fund;
(16) Formulate and adjust relevant fund subscription, subscription
Redemption, conversion, fixed investment plan, non trading transfer, custody transfer, income distribution and other business rules;
(17) Without violating laws, regulations and regulatory provisions and having no material adverse effect on the interests of fund share holders
In order to pay the redemption, transaction clearing and other funds payable by the Fund, the Fund Manager has the right to represent
Fund share holders use fund assets as collateral for financing;
(18) Within the scope of laws and regulations and the fund contract, make decisions and adjustments after performing appropriate procedures
The relevant fee structure and charging method of the Fund;
(19) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include
But not limited to:
(1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle funds
Sale, subscription, redemption and registration of shares;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and operate in the principle of good faith, prudence and diligence
Use of fund assets;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making, so as to be professional
Management and operation of fund assets;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure that the assets of the fund under management and the assets of the fund manager are independent of each other, and to separate the different funds under management
Management, separate bookkeeping and securities investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek benefits for persons other than fund share holders, they may not entrust a third person to operate the fund assets;
(7) Accept the supervision of the Fund Custodian according to law;
(8) Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The method shall comply with the provisions of the Fund Contract and other legal documents, and the net value of the Fund shall be calculated and announced in accordance with the relevant provisions,
Determine the price of subscription and redemption of fund units;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Information disclosure and
Reporting obligations;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure
Disclosed to others, but provided to regulatory authorities, judicial authorities and other competent authorities, or due to audit, law and other external expertise
Except for the provision of services to the consultant;
(13) Determine the fund income distribution plan according to the Fund Contract, and hold the fund shares in a timely manner
Distribution of fund income by people;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law, or to cooperate with the fund custodian and fund unit holders;
(16) Keep the accounting books, statements, records and other relevant information of fund property management business activities as required
Relevant materials shall be kept for a period not less than the minimum period stipulated by laws and regulations;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and
To ensure that investors can check the information related to the Fund at any time according to the time and method specified in the Fund Contract
Disclose materials and obtain copies of relevant materials at reasonable cost;
(18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation
Realization and distribution;
(19) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And notify the Fund Custodian;
(20) Loss or damage to fund assets due to violation of the Fund Contract
When he/she has rights and interests, he/she shall be liable for compensation, and his/her liability for compensation shall not be exempted by his/her retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the Fund Custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall hold
The interests of the Fund Custodian shall be recovered from the Fund Custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Take responsibility for the behavior of financial affairs;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise the right of litigation or enforce its
Other legal acts;
(24) The Fund Contract cannot take effect if the Fund fails to meet the filing conditions for the Fund during the raising period,
The Fund Manager shall bear all the raising costs and pay the raised funds in the base together with the interest of the current deposit of the bank for the same period
The fund shall be returned to the fund subscriber within 30 days after the end of the fund raising period;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund unit holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
（3） Rights and obligations of the Fund Custodian
1. According to the Fund Law, the Operating Measures and other relevant provisions, the rights of the Fund Custodian include
But not limited to:
(1) As of the effective date of the Fund Contract, it shall be safe in accordance with laws, regulations and the provisions of the Fund Contract
Custody of fund assets;
(2) Obtain fund custody fees, laws and regulations or regulatory approval in accordance with the Fund Contract
Other approved expenses;
(3) To supervise the investment operation of the Fund Manager in the Fund, and if it is found that the Fund Manager has violated the Basic Law of the People's Republic of China
The fund contract and national laws and regulations have caused significant losses to the fund property and the interests of other parties
The situation shall be reported to the CSRC and necessary measures shall be taken to protect the interests of fund investors;
(4) In accordance with the relevant market rules, open capital accounts, securities accounts and other investment accounts for the Fund,
Clearing securities and futures trading funds for the Fund;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include
But not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) A special fund custody department shall be set up, with satisfactory business premises and sufficient
Qualified full-time personnel familiar with fund custody business, responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure the safety of the fund property and ensure that the fund property under its custody is different from the fund custodian's own property and
Fund assets are independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, and manage accounts separately,
Ensure that different funds are independent from each other in terms of account setting, fund transfer, account book recording, etc;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek benefits for persons other than fund share holders, they may not entrust a third person to trust fund assets;
(5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
(6) The fund account, securities account and other accounts required for investment of the fund property shall be opened in accordance with the provisions
As agreed in the Gold Contract, clearing and delivery shall be handled in a timely manner according to the investment instructions of the Fund Manager;
(7) Keep fund business secrets, unless otherwise specified in the Fund Law, the Fund Contract and other relevant regulations
In addition to the regulations, the fund information shall be kept confidential before public disclosure, and shall not be disclosed to others, but shall be disclosed to the regulatory authority
Information provided by competent institutions such as legal authorities or by external professional consultants such as audit and law consultants
Except that;
(8) Review and review the net fund asset value, net value of various fund units
Subscription and redemption price of gold shares;
(9) To handle information disclosure related to fund custody business activities;
(10) To issue opinions on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund, stating that
Specify whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Contract; If
If the Fund Manager fails to implement the provisions of the Fund Contract, it shall also state whether the Fund Custodian has taken
Appropriate measures have been taken;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities for a period of
The time limit shall not be less than the minimum time limit prescribed by laws and regulations;
(12) Keep the register of fund unit holders;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund share holders or to cooperate with the fund manager and fund share holders to convene a general meeting of fund share holders in accordance with the law;
(16) Supervise the investment operation of the Fund Manager in accordance with laws and regulations and the provisions of the Fund Contract;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and
Distribution;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
Liability will not be relieved by his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
The Fund Manager shall be the Fund Unitholder in case of any loss of fund property due to violation of the Fund Contract
The interests shall be recovered from the fund manager;
(21) Implement the effective resolutions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Procedures and Rules for Convening, Deliberating and Voting of the General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Unless otherwise stipulated by laws and regulations or the Fund Contract
Unless otherwise agreed, each fund unit held by the fund unit holder shall have equal voting rights. If future law
If the regulations provide otherwise for the general meeting of fund share holders, the then effective laws and regulations shall prevail.
The General Meeting of Fund Unitholders does not have a daily body for the time being.
（1） Reason for convening
1. When one of the following events occurs or needs to be decided, a general meeting of fund unit holders shall be convened, but
Unless otherwise stipulated by laws and regulations and the CSRC:
(1) Terminate the Fund Contract, unless otherwise agreed in the Fund Contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Adjust the remuneration standard of the Fund Manager and the Fund Custodian or increase the sales service rate;
(6) Change of fund category;
(7) The merger of the Fund with other funds;
(8) Change the investment objective, scope or strategy of the Fund;
(9) Change the procedures of the general meeting of fund unit holders;
(10) The Fund Manager or the Fund Custodian requests to convene a general meeting of Fund Unitholders;
(11) Fund shares that individually or collectively hold more than 10% (including 10%) of the total fund shares
The amount holder (calculated based on the fund shares on the day when the fund manager receives the proposal, the same below) writes about the same matter
To request the convening of a general meeting of fund share holders;
(12) Other matters that have a significant impact on the rights and obligations of the parties to the fund contract;
(13) Other fund units that shall be convened as required by laws and regulations, the Fund Contract or the CSRC
Matters of the general meeting of shareholders.
2. Without violating the provisions of laws and regulations and the Fund Agreement
On the premise that there is no material adverse effect, the following circumstances may be modified by the Fund Manager and the Fund Custodian after consultation:,
It is not necessary to convene a general meeting of fund share holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate of all or part of the Fund's share categories, and lower all or part of the Fund's share categories
Other redemption rate or sales service rate, or change of charging method;
(3) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(4) The amendment of the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment does not
Significant changes in the rights and obligations of the parties involved in the Fund Contract;
(5) Fund manager, fund registration agency and fund sales agency adjust relevant subscription, purchase and redemption
Return, conversion, fixed investment plan, fund transaction, non transaction transfer, custody transfer, transfer, pledge
Business rules such as income distribution;
(6) The Fund Manager launches new businesses or services after performing appropriate procedures;
(7) Add, reduce or adjust fund share categories, stop the sale or adjustment of existing fund share categories
The classification methods and rules for the whole fund units;
(8) If it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
His situation.
（2） Convener and convening method
1. Unless otherwise stipulated in laws and regulations or the Fund Agreement, the general meeting of fund share holders shall be held by
The fund manager shall convene the meeting.
2. If the Fund Manager fails to convene the meeting or cannot convene the meeting as required, the Fund Custodian shall convene the meeting.
3. If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall report to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days after receiving the written proposal,
And notify the Fund Custodian in writing. If the Fund Manager decides to convene the meeting, it shall issue a written decision 60
Held within the day; If the Fund Manager decides not to convene the meeting and the Fund Custodian still considers it necessary, the Fund Custodian shall
The fund custodian shall convene the meeting on its own and notify the fund manager within 60 days from the date of issuing the written decision,
The Fund Manager shall cooperate.
4. The fund share holders representing more than 10% (including 10%) of the fund shares shall submit a written request on the same matter
A written proposal shall be submitted to the Fund Manager for convening a general meeting of Fund Unitholders. The Fund Manager shall
Decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and notify the proposed fund units in writing
The holder's representative and the fund custodian. If the fund manager decides to convene the meeting, it shall start from the date of issuing a written decision
Held within 60 days; The Fund Manager decides not to convene the meeting, which represents the basis of more than 10% (including 10%) of the Fund shares
If the gold share holders still think it necessary to hold the meeting, they shall submit a written proposal to the Fund Custodian. Fund Custody
People shall decide whether to convene the meeting or not within 10 days from the date of receiving the written proposal, and inform the basis of the proposal in writing
Representatives of gold share holders and fund managers; If the Fund Custodian decides to convene the meeting, it shall issue a written decision
The Fund Manager shall be convened and notified within 60 days from the date of the announcement, and the Fund Manager shall cooperate.
5. Fund share holders representing more than 10% (including 10%) of the fund shares request to call
If a general meeting of fund unit holders is held and neither the fund manager nor the fund custodian convenes it, it shall be held separately or jointly
Form The fund share holders with more than 10% (including 10%) of the fund shares have the right to convene at least 30 days in advance
Daily report to China Securities Regulatory Commission for filing. Where a fund unit holder convenes a general meeting of fund unit holders on his own according to law
The Fund Manager and the Fund Custodian shall cooperate and shall not obstruct or interfere.
6. The convener of the Fund Unitholders' Meeting shall be responsible for selecting and determining the time, place, method and right of the meeting
Registration date.
（3） Time, content and method of notice for convening the general meeting of fund unit holders
1. The convener shall announce the convening of the general meeting of fund unit holders at least 30 days in advance on the specified media.
The notice of the general meeting of fund share holders shall at least contain the following contents:
(1) Time, place and form of the meeting;
(2) Matters to be considered, procedures and voting methods at the meeting;
(3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
(4) Requirements for the content of the authorization certificate (including but not limited to the identity, authority and proxy of the agent)
The time and place of delivery;
(5) Name and telephone number of the permanent contact person for conference affairs;
(6) Documents that must be prepared and procedures that must be performed by the attendees;
(7) Other matters to be notified by the convener.
2. In case of communication meeting and voting, the convener of the meeting shall decide to notify the meeting
The specific means of communication adopted by the National People's Congress of the Fund Unitholders, the entrusted notary authority and its copy
Method and contact person, deadline for submission of voting opinions and collection method.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to check the statement at the designated place
Supervise the vote counting of the decision; If the convener is the fund custodian, it shall notify the fund manager in writing separately
Go to the designated place to supervise the counting of votes; If the convener is the fund share holder, it shall be separately
Inform the Fund Manager and the Fund Custodian in writing to go to the designated place to supervise the counting of votes. fund
If the manager or fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect of.
（4） Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may be held by means of on-site meetings, communication meetings or laws, regulations and supervision
Other methods allowed by the institution shall be adopted, and the convening method of the meeting shall be determined by the convener.
1. On site meeting. Appointed by the Fund Unitholders in person or by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site opening
The agenda of the general meeting of Fund Unitholders may be held when the following conditions are met simultaneously:
(1) Relevant supporting documents held by those who attend the meeting in person, and principals presented by those entrusted to attend the meeting
Certificate of proxy voting authorization and relevant supporting documents comply with laws and regulations, the Fund Contract and the General Meeting
And consistent with the records of the fund registration authority;
(2) After verification, the voucher presented by the participants for holding fund units on the equity registration date shows that,
The effective fund units shall not be less than one-half (including one-half) of the total fund units of the Fund on the equity registration date
1） . If the effective fund units represented by the participants on the equity registration date are less than the base of the Fund on the equity registration date
1/2 of the total fund units, the convener may hold the fund unit holders' meeting at 3
The General Meeting of Fund Unitholders shall be reconvened within six months after the expiration of six months on the matters originally scheduled for deliberation. Recall
The effective fund units represented by the participants of the general meeting of fund unit holders on the equity registration date shall not be less than
One third (including one third) of the total fund shares of the Fund on the equity registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders submit their votes on voting matters in writing
Form or other methods specified in the announcement of the general meeting of fund unit holders shall be served to the convener before the deadline for voting
Address designated by. The correspondence meeting shall be held in writing or by other parties specified in the announcement of the general meeting of fund share holders
Voting.
If the following conditions are met at the same time, the method of communication meeting shall be deemed as effective:
(1) After the convener of the meeting publishes the notice of the meeting as agreed in the Fund Contract, within 2 working days
Continue to publish relevant advisory announcements;
(2) The convener shall notify the fund custodian in accordance with the fund contract (if the fund custodian is the convener,
The fund manager) to the designated place to supervise the counting of votes. The convener of the meeting is in Kikinto
The custodian (or the fund manager if the fund custodian is the convener) and the notary organ shall, under the supervision of the
Collect the voting opinions of fund share holders in the manner specified in the notice of discussion; The Fund Custodian or Fund Manager
If a notice is given not to participate in the collection of voting opinions, the voting effect shall not be affected;
(3) If he/she directly issues voting opinions or authorizes others to issue voting opinions, the fund shares
The fund shares held by someone shall not be less than half (including half) of the total fund shares on the equity registration date
1） ; If I directly give a vote or authorize another person to give a vote on behalf of the fund share holder
If the fund units held are less than half of the total fund units on the equity registration date, the convener may make an announcement in the original
Within 3 months and 6 months after the time of holding the general meeting of fund unit holders of
Convene a new general meeting of fund unit holders. The reconvened general meeting of fund unit holders shall have one-third of the representatives
One or more (including one third) holders of fund units directly issue voting opinions or authorize others to issue voting opinions
Voting opinions;
(4) Fund unit holders or entrusted representatives who directly issue voting opinions in Item (3) above
The agent who issues the voting opinions, the relevant supporting documents submitted at the same time, and the agent entrusted to issue the voting opinions
The proxy voting authorization certificate and relevant supporting documents presented by the trustor comply with laws and regulations
And the meeting notice, and consistent with the records of the fund registration authority.
3. On the premise that there is no conflict with laws and regulations, the general meeting of fund share holders can be held via the Internet or telephone
Or in other ways, the fund share holders can use written, online, telephone, SMS or other ways
The specific method of voting shall be determined by the convener of the meeting and listed in the notice of the meeting.
4. If the fund share holder authorizes others to attend the meeting and vote on his behalf, the authorization may be in writing
In face, network, telephone, SMS or other ways, the specific way shall be determined by the meeting convener and included in the meeting notice
List.
（5） Discussion content and procedure
1. Discussion content and proposal right
The content of the proceedings shall be major matters related to the interests of fund share holders, such as major amendments to the Fund Contract
Change, decide to terminate the Fund Contract, change the Fund Manager, change the Fund Custodian, and cooperate with other funds
And other matters stipulated by laws and regulations and the Fund Contract, as well as the convener of the meeting thinks it is necessary to submit funds
Other matters discussed at the general meeting of shareholders.
After the convener of the general meeting of fund unit holders issues the notice of convening the meeting, the amendment to the original proposal shall
It shall be announced in time before the general meeting of fund share holders is held.
The meeting of the fund unit holders' congress may not vote on the contents of the proceedings that have not been announced in advance.
2. Proceedings
(1) On site meeting
In the form of on-site meeting, the presider of the meeting shall first determine in accordance with the procedures specified in Article (7) below
And announce the scrutineers, and then the presider of the meeting reads out the proposal. After discussion, the proposal is voted and the resolution of the meeting is formed
Discussion. The presider of the meeting is the representative authorized by the fund manager to attend the meeting
In case of presiding over the meeting, the representative authorized by the Fund Custodian to attend the meeting shall preside over the meeting; If the fund manager
If neither the authorized representative nor the authorized representative of the Fund Custodian can preside over the meeting, the fund shares attending the meeting shall hold
More than 50% (including 50%) of the voting rights held by persons and agents shall elect a fund share holder as
The chairperson of the Fund Unitholders' Meeting. The Fund Manager and the Fund Custodian refuse to attend or preside over the Fund
The General Meeting of Fund Unitholders shall not affect the validity of the resolutions made at the General Meeting of Fund Unitholders.
The convener of the meeting shall prepare the signature book of the attendees. The name of the participants shall be recorded in the signature book
(or unit name), ID document number, fund shares held or represented with voting rights, and principals
Name (or unit name) and contact information.
(2) Communication meeting
In the case of a communication meeting, the convener shall first announce the proposal at least 30 days in advance
Within 2 working days after the deadline for voting, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the notary office.
（6） Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
1. The general resolution shall be subject to the form held by the fund share holders or their agents attending the meeting
More than half (including half) of the voting rights are valid only after passing; Except as provided in the second item below
Matters other than those passed by special resolution shall be passed by general resolution.
2. Special resolution, which shall be held by fund share holders or their agents attending the meeting
It can be made only after being approved by more than two-thirds (including two-thirds) of the voting rights. Unless otherwise specified by laws and regulations or based on
Unless otherwise agreed in the fund contract, change the operation mode of the fund, change the fund manager or fund custodian, and terminate
The Fund Contract, the merger of the Fund and other funds shall be effective only when a special resolution is passed.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless the supervisor and the notary office consider that there are sufficient
Evidence to the contrary proves that otherwise, the vote of submitting the document confirming the identity of the investor specified in the notice of the meeting shall be deemed as
The voting opinions of the investors who have attended the meeting effectively and apparently meet the requirements of the meeting notice shall be deemed as valid voting, and the voting opinions
Unclear or contradictory information shall be deemed as abstention from voting, but shall be included in the holding of fund units that issue voting opinions
The total number of fund units represented by.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be separated
Review and vote item by item.
（7） Vote counting
1. On site meeting
(1) If the general meeting is convened by the Fund Manager or the Fund Custodian, the general meeting of the Fund Unitholders shall be presided over
At the beginning of the meeting, it shall be announced that two fund share holders and agents present at the meeting shall elect
The representative of the gold share holder and a supervisor authorized by the convener of the meeting jointly act as the scrutineer; If the General Assembly is based on
Although the fund share holders themselves or the general meeting is convened by the fund manager or the fund custodian, the fund management
If the Manager or Fund Custodian fails to attend the meeting, the chairperson of the meeting of Fund Unitholders shall be present at the beginning of the meeting
Later, it was announced that three representatives of fund share holders were elected among the fund share holders present at the meeting to supervise the votes
People. The absence of the Fund Manager or the Fund Custodian from the meeting shall not affect the effectiveness of vote counting.
(2) The scrutineers shall count the votes immediately after the fund share holders vote and the chairman of the meeting shall act as
The results of the vote counting will be announced on the spot.
(3) If the chairman of the meeting or the fund share holder or agent has different opinions on the voting results submitted
The number of votes demanded may be counted again immediately after the announcement of the voting results. The scrutineer shall
Re inventory is limited to one time. After re counting, the presider of the meeting shall announce the re counting on the spot
Point results.
(4) The vote counting process shall be notarized by a notary office, and the fund manager or fund custodian refuses to attend
The validity of counting votes shall not be affected by the decision of the General Assembly.
2. Communication meeting
In the case of a communication meeting, the method of counting votes is: two supervisors authorized by the convener of the general meeting are in the fund
Supervised by the authorized representative of the custodian (or the authorized representative of the fund manager if convened by the fund custodian)
The counting process shall be notarized by the notary office. The Fund Manager or the Fund Custodian refuses to appoint a representative
If the voting table supervises the counting of votes, it shall not affect the counting and voting results.
（8） Effectiveness and announcement
The convener shall report the resolution of the general meeting of fund unit holders to the CSRC within 5 days from the date of adoption
keep on record.
The resolution of the general meeting of fund share holders shall take effect from the date of voting.
The resolution of the general meeting of fund share holders shall be announced on the specified media within 2 days from the effective date.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
（9） Special agreement of the general meeting of fund share holders during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the proportion of relevant fund units or voting rights refers to the holders of main pocket units
The fund shares or voting rights held or represented by and side pocket unit holders respectively conform to such proportion, but if relevant
If the matters to be convened and deliberated at the general meeting of fund share holders do not involve side pocket accounts, they only refer to the main pocket share holders
The fund shares or voting rights held or represented by the Company meet these proportions:
1. The Fund Unitholders need to exercise the right to propose, convene and nominate on behalf of the relevant individual or aggregate representatives
More than 10% (including 10%) of fund shares;
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than that of the Fund in Quanyideng
One half (including one half) of the relevant fund shares on the record date;
3. Fund units that directly issue voting opinions or authorize others to issue voting opinions in correspondence meetings
The fund units held by the holder shall not be less than half (including half) of the relevant fund units on the equity registration date
One);
4. When the Fund Unitholders who participate in the voting of the General Meeting of Fund Unitholders hold small Fund Units
On the equity registration date, half of the relevant fund units, the convener held the majority of the fund units in the original announcement
Fund unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at the general meeting of fund share holders;
5. More than 50% of the voting rights of fund share holders and proxies attending the meeting
(50% included) elect a Fund Unitholder to preside over the general meeting of Fund Unitholders
People;
6. General resolutions shall be subject to half of the voting rights held by fund share holders or their proxies attending the meeting
More than one half (including one half) passed;
7. The special resolution shall be subject to three votes held by the fund share holders or their agents attending the meeting
More than two thirds (including two thirds) passed.
During the implementation of the side pocket mechanism, the matters to be considered at the general meeting of fund share holders involve the main pocket account and the side pocket account
The fund share holders of the main pocket account and the side pocket account shall vote respectively
Each fund share in the fund has equal voting rights. If the voting matter does not involve the side pocket account, the side pocket account
No voting rights.
（10） This part deals with the causes, conditions, procedures and tables of the general meeting of fund unit holders
Prerequisites and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulatory rules
If the relevant contents are cancelled or changed due to the modification of the management rules, the fund manager can directly
Some contents are modified and adjusted without the need to convene a general meeting of fund share holders for deliberation.
3、 Fund income distribution principle and implementation method
（1） Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the gains and losses from changes in fair value.
（2） Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized income.
（3） Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the fund manager can carry out
Income distribution. The specific distribution plan shall be subject to the announcement. If the Fund Contract takes effect less than 3 months ago, it may not be carried out
Income distribution;
2. There are two ways of income distribution of the Fund: cash dividends and dividend reinvestment. Investors can choose cash
Cash dividends or cash dividends are automatically reinvested into corresponding types of fund units, and the fund units hold
People can choose different dividend methods for Class A and Class C fund units; If investors do not choose, the Fund
The default income distribution method is cash dividends;
3. After the distribution of fund income, the net value of various fund units cannot be lower than the par value, that is, the fund income distribution benchmark
The net value of various fund units on the day minus the amount of income distribution per unit of such fund units cannot be lower than the par value;
4. Each fund unit of the same category of the Fund has the same right of distribution;
5. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
Without violating laws and regulations, the Fund Agreement and the interests of Fund Unitholders
In case of adverse impact, the Fund Manager may adjust the distribution principle and payment method of the Fund income without calling
Hold a general meeting of fund unit holders for deliberation.
（4） Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund receipts as of the base date of income distribution
The distribution object, distribution time, distribution amount and proportion, distribution method, etc.
（5） Determination, announcement and implementation of income distribution plan
The income distribution plan of the Fund shall be formulated by the Fund Manager and reviewed by the Fund Custodian in accordance with relevant regulations
It shall be announced in the specified media.
（6） Expenses incurred in fund income distribution
The bank transfer or other handling fees incurred in the distribution of fund income shall be borne by the investors themselves. When
When the investor's cash dividend is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund
The registration institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Bonus
The investment shall be calculated in accordance with the Business Rules.
（7） Income distribution during the implementation of side pocket mechanism
If the Fund implements the side pocket mechanism, the side pocket account will not be used for income distribution. See the prospectus for details
Or relevant announcements.
4、 Withdrawal, payment method and proportion of expenses related to fund property management and utilization
（1） Types of fund fees
1. Management fees of the Fund Manager;
2. Custody fees of the Fund Custodian;
3. Sales service fees accrued for Class C fund units;
4. Unless otherwise specified by laws and regulations and the CSRC, the Fund Contract shall be
Information disclosure fees;
5. Accounting fees, attorney fees, legal fees and arbitration fees related to the Fund after the Fund Contract takes effect;
6. Expenses for the general meeting of fund share holders;
7. Transaction costs of securities, futures, options and credit derivatives of the Fund;
8. Bank transfer fees of the Fund;
9. Fund account opening fees and account maintenance fees;
10. All reasonable expenses arising from investment in Hong Kong stocks;
11. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
（2） Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at an annual fee rate of 1.20% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 1.20% ÷ days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
The fund management fee is accrued daily, accumulated to the end of each month day by day, and paid monthly. By the Fund Manager and the Fund Manager
The fund custodian shall send the fund management fee transfer instruction to the fund custodian after verification. Fund manager optional
Select to issue a transfer instruction to the fund custodian within three working days from the first day of the next month, or authorize the fund custodian
Carry out automatic payment of fees. If automatic payment is selected, the fund manager shall ensure that the account balance of the day is paid
Sufficient. If the automatic payment cannot be made due to insufficient fund balance or other reasons, the administrator shall issue another
Transfer instructions. In case of legal holidays, public holidays, etc., the payment date shall be postponed.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.20% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.20% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily, accumulated to the end of each month day by day, and paid monthly. By the Fund Manager and the Fund Manager
After the Fund Custodian has checked the consistency, it shall send the Fund Custodian an instruction for the transfer of the Fund Custodian Fee. Fund manager optional
Select to issue a transfer instruction to the fund custodian within three working days from the first day of the next month, or authorize the fund custodian
Carry out automatic payment of fees. If automatic payment is selected, the fund manager shall ensure that the account balance of the day is paid
Sufficient. If the automatic payment cannot be made due to insufficient fund balance or other reasons, the administrator shall issue another
Transfer instructions. In case of legal holidays, public holidays, etc., the payment date shall be postponed.
3. Fund 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 0.50%. The fund sales service fee will be used exclusively for the sale of the fund and the service of fund share holders,
The Fund Manager will make a special statement on the disbursement of such expenses in the annual report of the Fund.
The sales service fee is accrued at the annual fee rate of 0.50% of the net asset value of the fund of Class C fund units on the previous day. meter
The calculation method is as follows:
H ＝ E × 0.50% ÷ days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The fund sales service fee is accrued daily, accumulated day by day to the end of each month, and paid monthly. By the Fund Manager
After checking with the Fund Custodian, the Fund Custodian shall be sent a fund sales service fee transfer instruction
The manager shall pay to each sales organization according to relevant agreements. In case of legal holidays, public holidays, etc., the payment date
Postponed.
Items 4-11 of the above "(I) Types of fund expenses" shall be paid according to relevant regulations and corresponding agreements
It is stipulated that the actual amount of expenses shall be included in the current expenses, which shall be paid by the Fund Custodian from the Fund assets.
（3） Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
（4） Cost adjustment
The Fund Manager and the Fund Custodian may, after reaching consensus and performing appropriate procedures,
And adjust the fund management fee for all or part of the share categories in accordance with the provisions of laws and regulations and the fund contract
Rate, fund custody rate or fund sales service rate and other relevant rates.
（5） Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the provisions of the Prospectus or relevant announcements for details of fees.
（6） Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes according to the current national tax laws and regulations
Compliance. The relevant taxes on the investment of fund assets shall be borne by the fund share holders, and the fund manager or its
His withholding agent shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
5、 Investment direction and investment restrictions of the Fund assets
（1） Investment objectives
Under the premise of strict risk control, the Fund gives full play to its ability to conduct professional research and select individual stocks, and strives to
Realize long-term appreciation of fund assets.
（2） Investment scope
The main investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance
Stocks in the stock market (including the main board, GEM and other stocks and depositary receipts allowed to be listed by the CSRC)
Stocks, stock index futures, treasury bond futures, stock options and bonds (including treasury bonds and central bank notes
Bonds, local government bonds, financial bonds, corporate bonds, corporate bonds, government supported institutional bonds, subordinated bonds, medium-term notes
Notes, short-term financing bonds, ultra short-term financing bonds, convertible bonds (including separable trading convertible bonds), exchangeable
Bonds, etc.), asset-backed securities, bond repurchase, bank deposits, interbank deposit receipts, money market instruments, credit
Use derivatives and other financial instruments permitted by laws and regulations or the CSRC for fund investment (subject to
Relevant regulations of the CSRC).
The Fund may participate in financing business in accordance with laws and regulations.
If laws and regulations or regulatory authorities allow the fund to invest in other varieties in the future, the fund manager shall perform appropriate
After the procedure, it can be included in the scope of investment.
The proportion of the Fund's investment portfolio: the proportion of the Fund's stock assets in the Fund's assets is 60% - 95%,
Among them, the proportion of investment in Hong Kong stocks shall not exceed 50% of stock assets; At the end of each trading day
After deducting the trading margin required to be paid for stock options, stock index futures and treasury bond futures contracts, it shall not be less than
Cash of 5% of net asset value or government bonds with maturity date less than one year, of which cash does not include settlement
Provisions, deposits and subscription receivables, etc.
（3） Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's stock assets in the Fund's assets is 60% - 95%, including investment in Hong Kong Stock Standard
The proportion of its shares shall not exceed 50% of its stock assets;
(2) At the end of each trading day, after deducting the amount to be paid for stock options, stock index futures and treasury bond futures contracts
After the transaction margin, keep the cash no less than 5% of the net asset value of the fund or the policy with the maturity date within one year
Government bonds, of which cash does not include settlement provisions, deposits and subscription receivables;
(3) The Fund participates in financing business, and at the end of any trading day, the purchased shares of financing held by the Fund and
The sum of the market value of his securities shall not exceed 95% of the net asset value of the fund;
(4) 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;
(5) All funds managed by the Fund Manager hold securities issued by one company (the same company
A+H shares listed simultaneously in China and Hong Kong), no more than 10% of the securities, completely based on
The types of funds that invest in securities with respect to the composition ratio of the index may not be subject to the proportion limit specified in this article;
(6) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(7) The market value of all asset-backed securities held by the Fund shall not exceed 20% of the net asset value of the Fund;
(8) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
Over 10% of the size of the asset-backed securities;
(9) All funds managed by the Fund Manager invest in various asset supports of the same original equity holder
Securities shall not exceed 10% of the total size of its various asset-backed securities;
(10) The Fund shall invest in asset support certificates with a credit rating of BBB or above (including BBB)
Coupon. During the period when the Fund holds asset-backed securities, if its credit rating declines and it no longer meets the investment standards, it shall
Sell all of them within 3 months from the date of rating report release;
(11) The Fund's assets participate in the issuance and subscription of shares, and the amount declared by the Fund does not exceed the total amount of the Fund
Assets, the number of shares declared by the Fund shall not exceed the total number of shares issued by the company to be issued this time;
(12) The Fund's participation in the trading of stock index futures and treasury bond futures shall comply with the following investment proportion restrictions:
At the end of any trading day, the value of the purchased stock index futures contracts held by the Fund shall not exceed the assets of the Fund
10% of net worth; The contract price of stock index futures and treasury bond futures held by the Fund at the end of any trading day
The sum of the value and the market value of the securities shall not exceed 95% of the net asset value of the fund, of which the securities refer to stocks
Bonds (excluding government bonds with maturity of less than one year), asset-backed securities, and financial assets under resale agreements
(excluding pledge repurchase), etc; The value of stock index futures contracts sold held by the Fund at the end of any trading day
Shall not exceed 20% of the total market value of the shares held by the Fund; The Fund is transacted on any trading day (excluding equity
The trading amount of the stock index futures contract of (position) shall not exceed 20% of the net asset value of the fund on the previous trading day; Base
The market value of shares held by Jin and the value of stock index futures contracts bought and sold, the total (calculated by netting) accounted for the fund
The proportion of assets shall comply with the relevant provisions of the Fund Contract on the proportion of stock investment;
At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed the fund assets
15% of net worth; At the end of any trading day, the value of futures contracts for selling treasury bonds held by the Fund shall not exceed
30% of the total market value of bonds held by the Fund; The Fund deals (excluding closing positions) on any trading day
The trading amount of treasury bond futures contracts shall not exceed 30% of the net asset value of the fund on the previous trading day; The Fund
Market value of bonds held (excluding government bonds with a maturity date of less than one year) and purchase and sale of treasury bond futures
The total value (netting calculation) shall comply with the relevant provisions of the fund contract on the proportion of bond investment;
(13) The Fund's participation in stock option trading shall meet the following requirements:; Fund options due to open positions
The total amount of royalties paid and collected under the contract shall not exceed 10% of the net asset value of the fund; Subscription period for opening and selling
Rights, shall hold sufficient underlying securities; In case of opening and selling the put option, the full amount required for the exercise of the contract shall be held
Cash or cash equivalents recognized by the rules of the Exchange to offset the option margin; Option contract face of open position
The value shall not exceed 20% of the net asset value of the fund. The par value of the contract is calculated by multiplying the exercise price by the contract multiplier;
(14) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(15) All open-ended funds managed by the Fund Manager (including open-ended funds and open funds
The holding of tradable shares issued by a listed company shall not exceed that of the listed company
15% of the outstanding shares; All investment portfolios managed by the Fund Manager are issued by a listed company
Of the tradable shares of the listed company shall not exceed 30% of the tradable shares of the listed company; Completely follow the structure of the relevant index
The fund varieties that invest in securities in proportion and the special investment portfolio recognized by the CSRC may be exempted
The proportion limit;
(16) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net assets of the Fund
15% of the value; Due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size and other fund managers
If the fund does not meet the limit of this proportion due to other factors, the fund manager shall not actively increase the liquidity restricted capital
Investment in assets;
(17) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the fund contract
bring into correspondence with;
(18) If the Fund participates in credit derivatives transactions, it shall not hold the letter of credit risk protection seller attribute
Use derivatives, do not hold contractual credit derivatives, and the nominal principal of credit derivatives held shall not exceed
100% of the face value of the Fund's corresponding protected bonds; The Fund invests in various types of the same credit risk protection seller
The total nominal principal of credit derivatives shall not exceed 10% of the net asset value of the fund. Due to the fluctuation of securities/futures market
Factors other than the fund manager, such as the merger of dynamic and securities issuers and the change of fund size, result in the fund not meeting the requirements of the former
The Fund Manager shall make adjustment within 3 months in case of the specified proportion limit;
(19) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
Consolidated calculation of shares traded on internal listing;
(20) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
Except for (2), (10), (16), (17) and (18) above, due to the fluctuation of the securities/futures market
Factors other than the fund manager, such as the merger of the securities issuer and the change of the fund size, result in the non conformance of the fund investment proportion
If the investment proportion is specified above, the fund manager shall adjust it within 10 trading days, but the CSRC
Unless otherwise specified by laws and regulations.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of the Fund Agreement
Start.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Make capital contributions to its fund manager and fund custodian;
(5) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(6) Other activities prohibited by laws, administrative regulations and the CSRC.
3. The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the actual controller or a company that has a major interest relationship with it or certificates underwritten during the underwriting period
Securities, or other major related party transactions, shall comply with the investment objectives and investment strategies of the Fund and follow
The principle of giving priority to the interests of fund share holders, preventing conflicts of interest, establishing and improving internal approval mechanisms and evaluation mechanisms
The system shall be implemented according to the fair and reasonable price in the market. Relevant transactions must be approved by the Fund Custodian in advance, and
Disclosed according to laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be divided into three parts
Two or more independent directors passed. The Board of Directors of the Fund Manager shall conduct related party transactions at least every half a year
examination.
4. Laws, administrative regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund
After the Fund Manager has performed the appropriate procedures, the investment of the Fund will no longer be subject to the relevant restrictions or subject to the changed provisions as follows:
Accurate.
6、 Calculation method of fund net asset value and announcement method of fund net asset value information
（1） Total Fund Assets
The total value of fund assets refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
And other assets.
（2） Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
（3） Net fund value information
After the Fund Contract comes into force and before the subscription or redemption of fund units, the Fund Manager shall
The net value of various fund units and the cumulative net value of fund units shall be disclosed at least once a week on the specified website.
After starting to handle the subscription or redemption of fund units, the fund manager shall
On the next day of, disclose all kinds of funds on the open day through the specified website, fund sales agency website or business outlets
Net value of units and cumulative net value of fund units.
The Fund Manager shall disclose the information on the prescribed website no later than the next day after the last day of the half year and the year
Net value of various fund units and accumulated net value of fund units on the year and the last day of the year.
7、 Causes and procedures for the dissolution and termination of the Fund contract and the liquidation method of the Fund assets
（1） Changes to the Fund Contract
1. The change of the fund contract involves the provisions of laws and regulations or the fund contract shall be approved by the fund unit holders
If a resolution is passed at the meeting, a general meeting of fund unit holders shall be convened to pass the resolution. For laws and regulations
Matters that may not be passed by the resolution of the general meeting of fund share holders as agreed in the fund agreement shall be handled by the fund manager
And the Fund Custodian, and report to the CSRC in accordance with laws and regulations or regulatory requirements
It will be filed.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract shall not be implemented until it becomes effective,
The resolution shall be announced in the specified media within two days after it takes effect.
（2） Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the Fund Manager and the Fund Custodian are terminated, and there are no new Fund Managers or new Fund Custodians within 6 months
Undertaken by the Fund Custodian;
3. Other circumstances stipulated in the Fund Contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
（3） Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of termination of the Fund Contract
Establish a fund asset liquidation group, and the fund manager shall organize the fund asset liquidation group and supervise it in the CSRC
Supervise the fund liquidation.
2. Composition of the Fund assets liquidation group: the members of the Fund assets liquidation group are the Fund Manager and the Fund Custodian
Custodians, certified public accountants, lawyers who meet the provisions of the Securities Law of the People's Republic of China, and the CSRC
Designated personnel composition. The Fund assets liquidation team may employ necessary staff.
3. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
4. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund Property Liquidation Team shall take over the Fund in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct liquidation
The report shall issue a legal opinion;
(6) Report the liquidation report of the Fund assets to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is limited
If it cannot be realized in time, the liquidation period shall be postponed accordingly.
（4） Liquidation expenses
Liquidation expenses refer to all contracts incurred by the fund assets liquidation team in the process of fund assets liquidation
The fund assets liquidation team shall pay the management fees and liquidation fees from the remaining assets of the fund in priority.
（5） Distribution of residual assets in the liquidation of fund assets
Deduct all remaining assets after the liquidation of the Fund assets from the Fund according to the distribution plan for the liquidation of the Fund assets
The fund held by the fund share holder shall be subject to the liquidation expenses, payment of taxes owed and settlement of fund debts
Share proportion.
（6） Announcement of Fund Assets Liquidation
Major issues related to the liquidation process must be announced in a timely manner; The 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. The fund assets liquidation group shall liquidate
The report is published on the specified website, and the suggestive announcement of the liquidation report is published on the specified newspaper.
（7） Preservation of fund assets liquidation books and documents
The fund asset liquidation account book and relevant documents shall be kept by the fund custodian for a period not less than that prescribed by laws and regulations
The specified minimum period.
8、 Dispute resolution
The parties agree that due to the conclusion, content, performance and interpretation of the Fund Contract or
The parties to the fund contract shall try their best to settle all disputes related to the fund contract through consultation and mediation
If no settlement can be reached through good negotiation and mediation, either party shall submit the dispute to China International Economic and Trade Arbitration Commission
The Commission shall conduct arbitration in accordance with its then effective arbitration rules, and the place of arbitration shall be Beijing. The arbitral award is final
It is local and binding on all parties. Unless otherwise determined by the arbitration award, the arbitration fee shall be borne by the losing party
Dan.
During the dispute settlement period, the Fund Manager and the Fund Custodian shall strictly abide by their respective responsibilities and continue to be faithful and diligent
To diligently and responsibly perform the obligations specified in the Fund Agreement and safeguard the legitimate rights and interests of Fund Unitholders.
The Fund Contract is governed by the laws of China (for the purpose of the Fund Contract, Hong Kong and Macao are excluded here
Administrative Region and Taiwan Law).
9、 Depository of fund contracts and ways for investors to obtain fund contracts
The Fund Contract can be printed in a volume for investors to register with the Fund Manager, Fund Custodian and Sales Agency
For office and business premises.