Fund Manager: Tianhong Fund Management Co., Ltd
Fund Custodian: Industrial and Commercial Bank of China Limited
Important tips
1. Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund (hereinafter referred to as "the Fund") has been approved by the CSRC to register and raise on April 16, 2024 (ZJXK [2024] No. 590). The registration of the Fund by the CSRC does not mean that the CSRC makes substantive judgments, recommendations or guarantees on the risks and returns of the Fund.
2. The fund manager and registration authority of the Fund is Tianhong Fund Management Co., Ltd. (hereinafter referred to as "the Company"), and the fund custodian is Industrial and Commercial Bank of China Limited.
3. The type of the Fund is equity securities investment fund. The operation mode of the fund is contractual, open and initiative.
The Fund is an initiating fund with a minimum raising amount of 10 million yuan. Promoter fund means that when raising funds, the fund manager uses the funds of the company's shareholders, the company's own funds, the company's senior managers or fund managers and other personnel to subscribe for funds with an amount of not less than 10 million yuan, and the holding period is not less than three years. If the net asset value of the fund is less than 200 million yuan, the fund contract of the initiator fund will automatically terminate on the date that the fund contract has become effective for three years (the natural day).
4. The Fund divides the Fund units into different categories of Class A and Class C. Class A units are charged with subscription and purchase fees when investors subscribe and purchase funds, and redemption fees are charged according to the holding period when they are redeemed, and sales service fees are no longer withdrawn from the fund assets of this category; Class C fund units will not be charged with subscription and purchase fees when investors subscribe and purchase funds, but will be charged with redemption fees according to the holding period when they are redeemed, and sales service fees will be withdrawn from the fund assets of this category.
5. The Fund is publicly offered through the Company's direct selling institutions (including the direct selling center and online direct selling system) and other sales institutions.
6. The offering period of the Fund is from May 6, 2024 to May 10, 2024.
7. If an investor wants to subscribe to the Fund, he/she must open a fund account of the Company. Investors who already have such an account need not open another one.
8. The interest generated from the effective subscription funds during the raising period will be converted into fund units and owned by the fund unit holders, of which the transfer of interest units shall be subject to the records of the registration authority.
9. The acceptance of the subscription application by the fund sales agency does not mean that the application is necessarily successful, but only that the sales agency has actually received the subscription application. The confirmation of the subscription application shall be subject to the confirmation result of the registration institution or the fund manager. For the subscription application and the confirmation of subscription shares, the investors shall timely inquire and properly exercise their legal rights, otherwise, any losses incurred by the investors shall be borne by the investors themselves.
10. This announcement only explains the relevant matters and regulations of the Fund's offering. If investors want to know the details of the Fund, please read the disclosure carefully on the Company's website (www.thfund. com. cn) and the CSRC's fund electronic disclosure website（ http://eid.csrc.gov.cn/fund ）The Fund Contract of Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund and the Prospectus of Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund.
11. During the offering period, if there is an increase in the number of offering institutions, the Company will timely disclose the list of fund sales institutions or list them on the official website.
12. The Company may make appropriate adjustments to the selling arrangements of the Fund in light of various circumstances, and may appropriately extend, shorten or adjust the selling time of the Fund according to the fund sales, and make timely announcements.
13. Risk warning:
The Fund invests in the securities market, and the net value of the Fund will fluctuate due to factors such as fluctuations in the securities market. The investment is risky. When subscribing (or subscribing) to the fund, investors should carefully read the fund contract, this prospectus, the summary of fund product information and other information disclosure documents, fully understand the risk return characteristics and product characteristics of the fund product, fully consider their own risk tolerance, rationally judge the market, and determine the willingness, timing Make independent decisions on investment behavior such as quantity. While obtaining the investment income of the Fund, investors also bear various risks arising from the investment of the Fund, which may include: systematic risks caused by the overall environment of the securities market, unique unsystematic risks of individual securities, liquidity risks caused by massive redemption or collapse, operational risks generated by the Fund Manager in the process of investment and operation, and unique risks of the Fund. The Fund Manager reminds investors of the principle of "buyer's responsibility" for fund investment. After investors make investment decisions, investors are responsible for the investment risks caused by changes in the operation status of the fund and the net value of the fund.
The Fund is a stock index enhanced fund, whose expected risks and returns are higher than those of money market funds, bond funds and hybrid funds.
The underlying index of the Fund is the SSE Science and Technology Innovation Board 100 Index, and the preparation plan is as follows:
(1) Sample space
The index sample space consists of stocks listed on the Science and Technology Innovation Board and depositary receipts issued by red chip enterprises that meet the following conditions:
1) The listing time exceeds 6 months;
2) Non delisting risk warning securities.
(2) Sample selection method
1) For the securities that meet the investability screening conditions in the sample space, the samples of the sci-tech innovation 50 index and the top 40 securities in the sample space ranked by the average daily market value in the past year are excluded as the samples to be selected;
2) The sample to be selected is ranked from high to low according to the average daily total market value of the past year, and the securities ranking before 100 are selected as the index sample.
(3) Index calculation
The calculation formula of SSE Science and Technology Innovation Board 100 Index is:
Index in the reporting period=adjusted market value/divisor of the sample in the reporting period × 1000
Among them, the adjusted market value=∑ (securities price × the number of adjusted equity × weighting factor). For the calculation method of adjusting the number of shares and the divisor correction method, see the Calculation and Maintenance Rules. The weight factor is between 0 and 1, so that the weight of a single sample does not exceed 10%, and the total weight of the top five samples does not exceed 40%.
See the website of China Securities Index Co., Ltd. for the specific preparation plan of the underlying index and the information of the constituent stocks http://www.csindex.com.cn/ 。
The Fund may invest in depositary receipts. The net value of the Fund may be affected by the price fluctuation of overseas underlying securities of depositary receipts. The risks related to overseas underlying securities of depositary receipts may directly or indirectly become the risks of the Fund.
The Fund is an index fund, and investors investing in the Fund face potential risks such as tracking error control failing to reach the agreed goal, index compiling institutions stopping services, component stocks suspension or delisting. See the "Risk Disclosure" section of the Prospectus for details.
The Fund mainly invests in the constituent stocks and alternative constituent stocks of the underlying index. If an obvious negative event occurs to an index component stock and it is faced with the risk of delisting or default, it may be excluded from the index component stock after a certain period of time, or it still exists in the index component stock because it has not reached the index exclusion standard. In order to fully safeguard the interests of fund share holders, the fund manager has the right to reduce the allocation proportion or sell all the risk securities mentioned above, or make reasonable valuation adjustments, which may cause the tracking deviation and tracking error between the target and the fund manager.
The Fund Manager hereby specially reminds investors that there is a risk that the risk return characteristics of the Fund in the legal documents may be inconsistent with the risk assessment of the fund by the sales agency.
The statements on risk return characteristics in the investment section of the Fund's legal documents are general descriptions based on the investment scope, investment proportion, general laws of the securities market, etc., representing the long-term risk return characteristics of the Fund in general market conditions. Sales agencies (including fund manager direct sales agencies and other sales agencies) conduct risk assessment on the Fund in accordance with relevant laws and regulations. Different sales agencies adopt different assessment methods, so the risk rating assessment of sales agencies may be different from the expression of risk income characteristics in fund legal documents, When purchasing the Fund, investors should complete the matching test between risk tolerance and product risk according to the requirements of the sales agency.
The number of fund units held by a single investor of the Fund (except the fund manager, senior management personnel of the fund manager or fund manager and other personnel as the originator of the fund) shall not reach or exceed 50% of the total number of fund units, except for the passive reaching or exceeding 50% due to the redemption of fund units and other circumstances beyond the control of the fund manager during the operation of the Fund. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
When the Fund holds specific assets and there are or potential large redemption applications, the Fund Manager can activate the side pocket mechanism after performing the corresponding procedures. See the relevant sections of the Fund Contract and this 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 subscription and redemption of the side pocket account. Please read the relevant contents carefully and pay attention to the specific risks when the Fund uses the side pocket mechanism.
The Fund is not a principal guaranteed fund, and the Fund Manager cannot guarantee that investment in the Fund will not result in losses.
Investors should carefully read the fund contract, prospectus, fund product information summary and other information disclosure documents, independently judge the investment value of the fund, make investment decisions, bear investment risks, understand the risk return characteristics of the fund, and Determine whether the fund is suitable for its own risk tolerance, and purchase the fund through the fund manager or other institutions with fund sales business qualifications entrusted by the fund manager.
The Fund Manager promises to manage and use the Fund's assets in the principle of honesty, credit, diligence and responsibility, but does not guarantee that the investment in the Fund will be profitable, nor does it guarantee the minimum return. The past performance of the Fund does not predict its future performance, and the performance of other funds managed by the Fund Manager does not constitute a guarantee for the performance of the Fund.
1、 Basic information of fund raising
（1） Fund name and code
Fund name: Tianhong Shanghai Securities Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund
Fund abbreviation and code:
Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhancement Initiation A: 021385
Tianhong Shanghai Securities Technology Innovation Board 100 Index Enhancement Initiation C: 021386
（2） Fund type
Equity Securities Investment Fund
（3） Fund operation mode
Contractual, open and initiative.
The Fund is an initiating fund with a minimum raising amount of 10 million yuan. Promoter fund means that when raising funds, the fund manager uses the funds of the company's shareholders, the company's own funds, the company's senior managers or fund managers and other personnel to subscribe for funds with an amount of not less than 10 million yuan, and the holding period is not less than three years. If the net asset value of the fund is less than 200 million yuan, the fund contract of the initiator fund will automatically terminate on the date that the fund contract has become effective for three years (the natural day).
（4） Category setting of fund units
The Fund divides the Fund units into different categories according to the differences in the subscription/subscription fees, redemption fees and sales service fees charged. Including:
The fund units for which investors charge subscription/subscription fees and redemption fees when subscribing/subscribing and redeeming funds, and no longer withdraw sales service fees from the fund assets of this category, are called Class A fund units.
The fund units for which the investor does not charge the subscription/subscription fee when subscribing/subscribing the fund, and the redemption fee is charged when redeeming the fund, and the sales service fee is withdrawn from the fund assets of this category, are called Class C fund units.
The codes of Class A and Class C fund units of the Fund are set respectively. Due to the difference of fund fees, the net value of fund shares and the cumulative net value of fund shares will be calculated and published respectively for Class A fund shares and Class C fund shares of the Fund.
（5） Duration of the Fund
Irregular.
If the net asset value of the fund is less than 200 million yuan, the fund contract shall be automatically terminated on the date when the fund contract becomes effective for three years (the natural day). If the Fund Contract continues to exist three years after its entry into force, and the number of Fund Unitholders is less than 200 or the net asset value of the Fund is less than 50 million yuan for 50 consecutive working days, the Fund shall be liquidated and terminated in accordance with the procedures agreed in the Fund Contract, and there is no need to convene a general meeting of Fund Unitholders.
（6） Selling face value of fund units
The Fund is sold in RMB, and the selling face value of fund units is RMB 1.00.
（7） Raising objects
Individual investors, institutional investors, qualified foreign investors, sponsors of funds and other investors permitted by laws and regulations or the CSRC to purchase securities investment funds that meet the requirements of laws and regulations and can invest in securities investment funds.
（8） Way of raising
The Fund is publicly offered through the Company's direct selling institutions (including the direct selling center and online direct selling system) and other sales institutions.
（9） Raising scale limit
The Fund is an initiating fund with a minimum raising amount of 10 million yuan.
（10） Raising period
The raising period of the Fund shall not exceed 3 months from the date of sale of the Fund units.
The offering period of the Fund is from May 6, 2024 to May 10, 2024.
The Fund Manager may appropriately extend, shorten or adjust the selling time of the Fund within the raising period according to the sale of the Fund, and make an announcement in a timely manner.
2、 Relevant provisions on the sale of the Fund
（1） Subscription account
If an investor wants to subscribe to the Fund, he/she must open a fund account of the Company. Investors who already have such an account need not open another one.
（2） Subscription method
The Fund is subscribed in full. If the funds are not fully received, the subscription will be invalid, and the fund manager will return the invalid subscription amount.
An investor may subscribe for fund units several times during the raising period, and once the application for subscription is accepted, it may not be revoked.
（3） Subscription rate
1. The selling face value of the Fund units is RMB 1.00, which is sold at face value.
2. Subscription fee
During the raising period, investors can subscribe to the Fund for many times, and the subscription rate is calculated separately for each subscription application.
The Fund is divided into Class A and Class C fund shares. The investor shall pay the subscription fee when subscribing for Class A fund units, and shall not pay the subscription fee when subscribing for Class C fund units.
The subscription rate of Class A fund units of the Fund is as follows:
Subscription Amount (M) Subscription Rate of Class A Fund Units
M ＜ 1 million yuan 1.00%
1 million yuan ≤ M ＜ 2 million yuan 0.60%
0.20% of 2 million yuan ≤ M ＜ 5 million yuan
5 million yuan ≤ M 1000 yuan/transaction
The subscription fees for Class A fund units of the Fund shall be borne by the investors who subscribe for Class A fund units, which are not included in the fund property and are mainly used for various expenses incurred during the fund raising period, such as market promotion, sales and registration.
The preferential activity of subscription rate shall be subject to each sales agency.
3. Calculation of subscribed shares
Fund subscription shall be in the form of "amount subscription and share confirmation".
(1) Subscription fees are charged when subscribing Class A fund units of the Fund. The subscription amount of Class A fund units includes subscription fees and net subscription amount. The calculation method of subscription units is as follows:
When the subscription fee is applicable to the proportional rate:
Net subscription amount=subscription amount/(1+subscription rate)
Subscription fee=subscription amount - net subscription amount
Subscription units=(net subscription amount+subscription interest)/selling face value of fund units
When the subscription fee applies to a fixed amount:
Net subscription amount=subscription amount - fixed subscription fee
Subscription fee=fixed subscription fee
Subscription units=(net subscription amount+subscription interest)/selling face value of fund units
Example 1: An investor invests 100000 yuan to subscribe for Class A fund shares of the Fund. Assuming that the subscription generates interest of 50 yuan and the corresponding subscription rate is 1.00%, the Class A fund shares available to him are:
Net subscription amount=100000/(1+1.00%)=99009.90 yuan
Subscription fee=100000 － 99009.90=990.10 yuan
Subscription shares=(99009.90+50)/1.00=99059.90
That is, if an investor invests 100000 yuan to subscribe for Class A fund shares of the Fund, assuming that the subscription generates interest of 50 yuan and the corresponding subscription rate is 1.00%, he can get 99059.90 Class A fund shares.
(2) No subscription fee will be charged when subscribing Class C fund units of the Fund, and the calculation method of subscribed units is as follows:
Subscription units=(subscription amount+subscription interest)/selling face value of fund units
Example 2: An investor invests 100000 yuan to subscribe for Class C fund shares of the Fund. Assuming that the subscription generates interest of 50 yuan, the Class C fund shares he can obtain are:
Subscription shares=(100000.00+50)/1.00=100050.00
That is, investors invest 100000 yuan to subscribe for Class C fund units of the Fund. Assuming that the subscription generates interest of 50 yuan, they can get 100050.00 Class C fund units.
（4） Investor's subscription for fund shares
1. Subscription schedule
The selling period of the Fund is from May 6, 2024 to May 10, 2024.
2. Subscription method and confirmation
An investor may subscribe for fund units several times during the raising period, and once the application for subscription is accepted, it may not be revoked.
The subscription application submitted by the investor within the specified time on T day shall be inquired whether the subscription application has been successfully accepted through the fund manager's direct marketing system, the fund manager's customer service center or other sales institutions after T+2 day (inclusive).
After the fund contract comes into effect, investors shall inquire about the subscription confirmed shares through the fund manager's direct marketing system, the fund manager's customer service center or other sales institutions.
3. Subscription limit
(1) During the raising period, investors may subscribe for fund units several times. The minimum amount of the first single subscription in other sales institutions and fund manager's direct selling institutions (including direct selling centers and online direct selling systems) is 0.01 yuan (including subscription fees, the same below), and the minimum amount of additional subscription is 0.01 yuan. If any sales institution has other regulations on the minimum subscription amount and transaction level difference of the Fund, the business regulations of each sales institution shall prevail. However, the minimum subscription amount shall not be less than 0.01 yuan.
(2) During the offering period, there is no limit on the proportion of fund units held by an investor in a single account and the maximum subscription amount, unless otherwise specified in the prospectus.
(3) If the cumulative number of fund shares subscribed by a single investor of the Fund (except the Fund Manager, senior managers of the Fund Manager or the Fund Manager as the initiator of the fund) reaches or exceeds 50% of the total fund shares, the Fund Manager may restrict the subscription application of such investor by means of proportional confirmation. If the Fund Manager's acceptance of a certain subscription application or some subscription applications may lead investors (except the Fund Manager, senior managers of the Fund Manager or the Fund Manager as the sponsor of the fund) to evade the above 50% ratio requirement in a disguised way, the Fund Manager has the right to reject all or part of such subscription applications. The number of fund units subscribed by investors shall be subject to the confirmation of the registration authority after the fund contract takes effect.
（5） Selling agency
1. Investors can log on the fund manager's website to inquire about the information of the sales institution during the offering period of the Fund.
2. If other sales institutions are added during the offering period, the Company will make a separate announcement or publicize them on the fund manager's website.
3、 Opening and subscription procedures of the Fund
Procedures for the Company's Direct Marketing Center to open an account and subscribe
1. Time of account opening and subscription
9:30-17:00 during the fund raising period.
2. Account opening (or account registration)
(1) Information required for individual investors to handle account opening procedures:
1) Provide a copy of Personal Information Collection and Use Notice signed by myself;
2) Provide the "Tianhong Jijin Customer Business Application Form (Personal Version)" completed and signed by myself in duplicate;
3) Provide a copy of the Risk Tolerance Test Questionnaire signed by myself;
4) Provide the completed and personally signed Declaration Document of Tax Resident Status (Individual Version) (if the investor is "non Chinese tax resident" or "both Chinese tax resident and tax resident of other countries and regions", it is required to fill in);
5) Provide the Risk Notification and Confirmation Letter for Ordinary Investors or the Risk Notification and Confirmation Letter for Professional Investors signed and sealed by me (please provide the corresponding risk notification and confirmation letter according to the classification of investors);
6) Show the original of his/her valid identity certificate (ID card, officer card, soldier card, etc.) and provide a copy of the certificate that can clearly see the validity of the certificate, and ensure the validity of the certificate;
7) Present the original of the investor's bank deposit passbook (card) and provide a copy;
8) If you are a professional investor and have signed the Professional Investor Risk Notification and Confirmation Letter, you should also provide
① Provide the original asset certificate issued by the relevant financial institution or the income certificate issued by the work unit;
② Provide the original investment records of the last two years issued by relevant financial institutions (such as statements or transaction flow); Or if you have relevant financial experience, you can provide an on-the-job certificate issued by your employer.
9) If an individual investor needs to open a Zhongdeng Fund account, he/she shall present the original of the securities account card and provide a copy.
If there is an agent, the following supporting materials shall be provided:
1) Provide the completed Application Form for Customer Business of Tianhong Fund (Personal Version) signed by the investor and the agent in duplicate;
2) Provide a completed Power of Attorney for Business (Personal Version);
3) Provide a copy of the Risk Tolerance Test Questionnaire signed by the investor himself;
4) Provide the completed and personally signed Declaration Document of Tax Resident Status (Individual Version) (if the investor is "non Chinese tax resident" or "both Chinese tax resident and tax resident of other countries and regions", it is required to fill in);
5) Provide the Risk Notification and Confirmation Letter for Ordinary Investors or the Risk Notification and Confirmation Letter for Professional Investors signed and sealed by me (please provide the corresponding risk notification and confirmation letter according to the classification of investors);
6) Present the original of the investor's valid identity certificate and provide a copy of the certificate that can clearly see the validity period of the certificate, and ensure the validity of the certificate;
7) Show the original of the agent's valid identity certificate and provide a copy of the certificate that can clearly see the validity of the certificate, and ensure the validity of the certificate;
8) Present the original of the investor's bank deposit passbook (card) and provide a copy;
9) Other supporting materials that Tianhong Fund Management Co., Ltd. deems relevant to the opening of fund accounts.
(2) Information required for institutional investors to handle account opening procedures:
1) Two copies of Tianhong Fund Customer Business Application Form (institutional version) duly completed and stamped with the official seal of the company, the signature of the legal representative (or authorized representative) and the signature of the operator shall be provided;
2) Provide the completed Tianhong Jijin Customer Business Seal Card (institutional version) in triplicate;
3) Provide the Power of Attorney for Business (Institutional Version) duly filled and stamped with the official seal of the company, the signature of the legal representative (or authorized representative) and the signature of the authorized person;
4) The investment manager shall provide a completed Risk Tolerance Test Questionnaire with the official seal of the unit and the signature of the handler;
5) Provide the completed and stamped "Investor Fax Entrustment Service Agreement" in duplicate;
6) Provide the completed and stamped Investor Risk Notification and Confirmation Letter;
7) Provide the completed and stamped Official Seal of the company and the seal of the authorized representative of the legal representative to sign the Declaration Document of Institutional Tax Resident Identity; (Please provide according to the tax resident information in the Tianhong Fund Customer Business Application Form)
8) Provide the Information Registration Form of Beneficial Owners of Non natural Persons duly filled and stamped with the official seal of the unit and the signature of the handler and the corresponding supporting documents;
9) Provide the original and duplicate of the business license affixed with the official seal of the unit or the copy of the registration certificate issued by the competent department or civil affairs department of the public institution, social organization or other organizations;
10) Provide copies of the organization code certificate and tax registration certificate affixed with the official seal of the unit; (This item is not required if the business license provided is a unified social credit code certificate);
11) Provide copies of qualification documents for conducting financial related businesses stamped with the official seal of the company;
12) Provide a copy of the bank account certificate issued by the bank with the official seal of the company;
13) Provide copies of the front and back of the legal representative's valid ID card affixed with the official seal of the unit;
14) Provide a copy of the front and back of the valid ID card of the handler affixed with the official seal of the unit;
15) Provide other supporting materials that Tianhong Fund Management Co., Ltd. considers relevant to the opening of fund accounts;
3. Subscription
(1) Information required for individual investors to handle subscription procedures:
1) Original and copy of valid identity certificate;
2) Capital settlement voucher or copy;
3) Completed Transaction Business Application Form signed and confirmed by myself;
4) In case of entrustment, the power of attorney, valid identity documents and copies of the agent shall also be provided.
(2) Information required for institutional investors to handle subscription procedures:
1) Provide the Open ended Fund Subscription/Purchase and Redemption Business Application Form (institutional version) with the reserved seal and the signature of the handler; Provide the copies of the front and back of the valid ID card of the handler stamped with the official seal of the unit.
2) Ordinary investors shall provide the following information in case of the following circumstances:
When applying for subscription/purchase of fund products that are higher than the risk level of their own risk assessment, provide the Risk Mismatch Warning Letter and Investor Confirmation signed by the investors themselves.
4. Allocation of subscription funds
Investors who wish to subscribe for the Fund shall remit the full amount of subscription capital to the following fund direct sale capital accounts of the Company:
Account name: Tianhong Fund Management Co., Ltd
Bank of deposit: Tianjin Xikang Road Branch of Industrial and Commercial Bank of China
Bank account: 0302011229300234825
People's Bank of China Large sum Payment System Inter bank No.: 102110000156
5. Precautions
(1) The investor shall indicate the name or code of the subscribed fund unit.
(2) The following circumstances will be deemed as invalid subscription
1) The investor has already transferred funds, but has not gone through the account opening procedures within the time limit or failed to open an account;
2) The investor has transferred the funds, but has not gone through the subscription procedures within the time limit;
3) The subscription funds already paid by the investor are less than the subscription amount applied for by the investor;
4) Other invalid funds confirmed by the Company.
(3) If the subscription of the investor is invalid due to the above circumstances, the Company and the opening bank of the direct sales special account will not bear any responsibility.
6. Please log on to the website of the Company (www.thfund. com. cn) for the relevant business rules and precautions for investors to subscribe the Fund through the online trading system of the Company.
7. The investor's account opening and subscription procedures in other sales institutions shall be subject to the relevant business regulations or instructions of each sales institution.
8. The account opening and subscription procedures of QFII and other investors allowed by laws and regulations or the CSRC to purchase securities investment funds shall be subject to the business regulations of the sales institution.
4、 Clearing and settlement
1. The investor's invalid subscription fund or the subscription fund that has not been confirmed will be transferred to the investor's designated account within 5 working days after the fund registration authority confirms that it is invalid.
2. Before the Fund Contract of the Fund comes into effect, all subscription funds will be deposited into a special account, and the fund interest generated during the raising period will be converted into fund units and owned by the fund unit holders, of which the transfer of interest units shall be subject to the records of the fund registration authority.
3. After the fund raising, the fund registration authority will complete the registration of the rights and interests of fund unit holders in accordance with relevant laws and regulations, business rules and the Fund Contract.
5、 Capital Verification of the Fund and Effectiveness of the Fund Contract
1. Within three months from the date of the sale of the Fund units, the amount of the Fund subscribed by the initiator fund provider is not less than 10 million yuan, and the initiator fund provider promises to hold the Fund for a period of not less than three years. If the Fund raising period expires or the Fund Manager may decide to stop the sale of the Fund in accordance with laws, regulations and the Prospectus, It shall employ a legal capital verification institution to verify the capital within 10 days, and handle the fund filing procedures with the CSRC within 10 days from the date of receiving the capital verification report.
If the fund raising meets the conditions for fund filing, the Fund Contract shall come into force as of the date when the fund manager completes the fund filing procedures and obtains the written confirmation from the CSRC; Otherwise, the Fund Contract will not take effect. 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 no one may use them before the end of the fund raising.
2. When the Fund Contract comes into effect, the interest generated from the subscription funds during the raising period will be converted into fund units and owned by investors.
3. If the Fund Contract cannot come into force, the Fund Manager shall bear the debts and expenses arising from the raising with its own property, and return the raised funds plus the interest of bank current deposit for the same period to the investors within 30 days after the expiration of the fund raising period.
6、 Parties and intermediaries involved in the fund raising
（1） Fund manager
Name: Tianhong Fund Management Co., Ltd
Registered address: 23rd Floor, Baofeng Building, No. 3678 Xinhua Road, Tianjin Pilot Free Trade Zone (CBD)
Office address: Floor 16, Building A, Tianjin International Economic and Trade Center, No. 59, Machang Road, Hexi District, Tianjin
Date of establishment: November 8, 2004
Legal representative: Han Xinyi
Customer service hotline: 95046
（2） Fund Custodian
Name: Industrial and Commercial Bank of China Limited
Registered address: No. 55, Fuxingmennei Street, Xicheng District, Beijing
Time of establishment: January 1, 1984
Legal representative: Chen Siqing
Tel: 010-66105799
Contact: Guo Ming
（3） Sales agency of the Fund
1. Direct selling organization:
(1) Tianhong Fund Management Co., Ltd. Direct Sales Center
Address: 23rd Floor, Baofeng Building, No. 3678 Xinhua Road, Tianjin Pilot Free Trade Zone (CBD)
Office address: Floor 16, Building A, Tianjin International Economic and Trade Center, No. 59, Machang Road, Hexi District, Tianjin
Legal representative: Han Xinyi
Tel: (022) 83865560
Fax: (022) 83865564
Contact: Si Yuan
Customer service hotline: 95046
(2) Online Direct Selling System of Tianhong Fund Management Co., Ltd
Customer service hotline: 95046
2. Other sales organizations
Investors can log on the fund manager's website to inquire about the information of the sales institution during the offering period of the Fund.
The Fund Manager may, in accordance with the requirements of relevant laws and regulations, select other institutions that meet the requirements to be adjusted as the sales agency of the Fund and publicize them on the Fund Manager's website.
（4） Registration authority
Name: Tianhong Fund Management Co., Ltd
Address: 23rd Floor, Baofeng Building, No. 3678 Xinhua Road, Tianjin Pilot Free Trade Zone (CBD)
Office address: Floor 16, Building A, Tianjin International Economic and Trade Center, No. 59, Machang Road, Hexi District, Tianjin
Legal representative: Han Xinyi
Tel: (022) 83865560
Fax: (022) 83865564
Contact: Bo Helong
（5） Law firm
Name: Shanghai Tongli Law Firm
Address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Office address: 19/F, Times Financial Center, 68 Yincheng Middle Road, Shanghai
Person in charge: Han Jiong
Tel.: 021-31358666
Fax: 021-31358600
Handling lawyers: Liming, Chen Yinghua
Contact: Chen Yinghua
（6） Accounting firm and handling certified public accountant
Name: PricewaterhouseCoopers Zhongtian Certified Public Accountants (special general partnership)
Address: 6/F, DBS Building, 1318 Lujiazui Ring Road, Pudong New Area, Shanghai
Office address: 11/F, PricewaterhouseCoopers Center, 202 Hubin Road, Shanghai
Executive partner: Li Dan
Tel: (021) 23238888
Handling CPA: Zhang Zhenbo, Lin Jialu
Contact: Lin Jialu
Tianhong Fund Management Co., Ltd
April 30, 2014