Tianhong Shanghai Securities Science and Technology Innovation Board 100 Index Enhanced Initiation
Securities Investment Fund Contract
Fund Manager: Tianhong Fund Management Co., Ltd
Fund Custodian: Industrial and Commercial Bank of China Limited
catalog
Part I Foreword two
Part II Definitions four
Part III Basic Information of the Fund ten
Part IV Sale of Fund Units twelve
Part V Fund Filing fourteen
Part VI Subscription and Redemption of Fund Units sixteen
Part VII Parties to the Fund Contract and Their Rights and Obligations twenty-five
Part VIII General Meeting of Fund Unitholders thirty-three
Part IX Replacement Conditions and Procedures of Fund Manager and Fund Custodian forty-two
Part X Custody of the Fund forty-five
Part XI Registration of Fund Units forty-six
Part XII Investment of the Fund forty-eight
Part XIII Assets of the Fund fifty-eight
Part XIV Valuation of Fund Assets fifty-nine
Part XV Fund Fees and Taxes sixty-six
Part XVI Income and Distribution of the Fund sixty-nine
Part XVII Accounting and Audit of the Fund seventy-one
Part XVIII Information Disclosure of the Fund seventy-two
Part XIX Change and Termination of the Fund Contract and Liquidation of the Fund Assets eighty
Part XX Liability for Breach of Contract eighty-three
Part XXI Dispute Settlement and Applicable Law eighty-four
Part XXII Effectiveness of Fund Contract eighty-five
Part XXIII Other Matters eighty-six
Part I Preface
1、 Purpose, Basis and Principle of the Fund Contract
1. The purpose of entering into this Fund Contract is to protect the legitimate rights and interests of investors and clarify the
Rights and obligations, standardize fund operation.
2. The Fund Contract is concluded on the basis of the Civil Code of the People's Republic of China
Securities Investment Fund Law (hereinafter referred to as "the Fund Law"), Operation Management Office of Publicly Offered Securities Investment Funds
Law of the People's Republic of China (hereinafter referred to as the "Operation Measures"), the Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies
(hereinafter referred to as "Sales Measures"), Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds (hereinafter referred to as "Measures")
Known as "Information Disclosure Measures"), "Provisions on the Management of Liquidity Risk of Publicly Offered Open ended Securities Investment Funds"
(hereinafter referred to as "Liquidity Risk Management Regulations"), No. 3 of the Guidelines for the Operation of Publicly Offered Securities Investment Funds
No. - Guidelines for Index Funds (hereinafter referred to as "Guidelines for Index Funds") and other relevant laws and regulations.
3. The principle of entering into this Fund Contract is equality, voluntariness, honesty and credibility, and full protection of the legal rights of investors
Benefits.
2、 The fund contract is the basic legal document that stipulates the rights and obligations between the parties to the fund contract
Any document or statement relating to the rights and obligations of the parties to the fund contract related to the fund, such as
In case of any conflict in the fund contract, the fund contract shall prevail. The parties to the fund contract shall comply with the Fund Law and the fund contract
And other relevant provisions.
The parties to a fund contract include the fund manager, the fund custodian and the fund unit holders. Fund investment
The investor shall become the fund share holder and a party to the fund contract when he obtains the fund shares in accordance with the fund contract
The behavior of holding fund shares itself indicates its recognition and acceptance of the fund contract.
3、 Tianhong SSE Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund is subject to
The Fund Law, the Fund Contract and other relevant regulations have been issued and approved by the China Securities Regulatory Commission (
Referred to as "China Securities Regulatory Commission").
The registration of the Fund raised by the CSRC does not indicate the investment value of the Fund and the market value of the Fund
The fact that the Fund makes substantive judgments or guarantees does not mean that there is no risk in investing in the Fund.
The Fund Manager shall manage and use the Fund assets in accordance with the principles of due diligence, honesty, prudence and diligence,
However, there is no guarantee that investment in the Fund will be profitable, nor will there be any guarantee of minimum return.
Investors should carefully read the fund prospectus, fund contract, fund product information summary and other information
Disclose documents, judge the investment value of the fund independently, make investment decisions independently, and bear investment risks independently.
4、 The Fund Manager and the Fund Custodian disclose information related to the Fund outside the Fund Contract
If the content involves defining the rights and obligations between the parties to the fund contract, in case of conflict with the fund contract
The contract shall prevail.
5、 The Fund 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、 Single investor of the Fund (fund manager, senior manager of fund manager or fund manager
The number of fund units held by such personnel as the sponsor shall not reach or exceed the total number of fund units
50%, but in the process of fund operation, due to the redemption of fund shares and other circumstances beyond the control of the fund manager
Except for those whose passivity reaches or exceeds 50%. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
7、 The Fund is an index fund, and investors investing in the Fund face tracking error control that fails to meet the agreed objectives
See the Fund's recruitment statement for details of potential risks such as the suspension of services, suspension or delisting of component stocks of the underlying and index compiling institutions
Clear book.
8、 The Fund may invest in depositary receipts, and the net value of the Fund may be subject to the overseas underlying securities price of the depositary receipts
The risk related to overseas underlying securities of depositary receipts may directly or indirectly become
Risk.
9、 The Fund mainly invests in the constituent stocks and alternative constituent stocks of the underlying index. Such as occurrence of index constituent stocks
When an obvious negative event faces the risk of delisting or default, it may be removed from the index component stock after a certain period of time, or
It still exists in the constituent stocks of the index because it has not reached the index elimination standard. To fully maintain the holding of fund shares
For the interests of investors, the fund manager has the right to reduce the allocation proportion or sell all the risk securities mentioned above, or
Make reasonable valuation adjustment, which may lead to the expansion of tracking deviation and tracking error with the subject matter.
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 enabled. 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 this Fund Contract, unless the context otherwise requires, the following words or abbreviations have the following meanings:
1. Fund or the Fund: refers to Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund
2. Fund Manager: Tianhong Fund Management Co., Ltd
3. Fund Custodian: Industrial and Commercial Bank of China Limited
4. Fund contract or this fund contract: refers to Tianhong Shanghai Securities Technology Innovation Board 100 Index Enhanced Sponsorship Certificate
Securities Investment Fund Contract and any effective amendments and supplements to the Fund Contract
5. Custody Agreement: refers to the "Tianhong Shanghai Securities Technology Innovation" signed between the Fund Manager and the Fund Custodian in connection with the Fund
Board 100 Index Enhanced Sponsored Securities Investment Fund Custody Agreement and any effective amendments to the custody agreement
Subscription and supplement
6. Prospectus: refers to Tianhong Shanghai Securities Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund
Prospectus and its updates
7. Summary of fund product information: Refers to Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment
Summary of Fund Product Information and Its Updates
8. Fund unit offering announcement: refers to Tianhong Shanghai Securities Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment
Announcement on Sale of Fund Units
9. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
10. Fund Law: refers to the Standing Committee of the Tenth National People's Congress
Adopted at the fifth session of the NPC and approved by the Standing Committee of the Eleventh National People's Congress on December 28, 2012
Revised at the 30th meeting of the meeting, implemented since June 1, 2013
The 14th Meeting of the Standing Committee of the Second National People's Congress
Decision of the People's Republic of China on Amending Seven Laws Including the Port Law of the People's Republic of China
Securities Investment Fund Law and amendments made by the promulgating authority from time to time
11. Sales Measures: promulgated by the CSRC on August 28, 2020 and implemented on October 1 of the same year
The Measures for the Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies issued by the Ministry of Finance and the promulgating authority from time to time
Revision of
12. Information Disclosure Measures: promulgated by the CSRC on July 26, 2019, and September 1, the same year
Implemented and approved by the Decision of the CSRC on Amending Some Securities and Futures Regulations on March 20, 2020
The Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds as amended by the Decision of the Ministry of Finance of the People's Republic of China
Revision issued
13. Operation Measures: promulgated by the CSRC on July 7, 2014 and implemented on August 8 of the same year
Management Measures for the Operation of Publicly Offered Securities Investment Funds and amendments made by the promulgating authority from time to time
14. Liquidity Risk Management Regulations: promulgated by the CSRC on August 31, 2017
Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on January 1 and the issuing authority
As amended from time to time
15. Index Fund Guidelines: promulgated by the CSRC on January 22, 2021, and February 1 of the same year
No. 3 Guidelines for the Operation of Publicly Offered Securities Investment Funds - Guidelines for Index Funds and the issuing authority
As amended from time to time
16. China Securities Regulatory Commission: China Securities Regulatory Commission
17. Banking regulatory authority: refers to the People's Bank of China and/or the State Administration of Financial Supervision and Administration
18. 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
19. Individual investor: refers to a natural person who can invest in securities investment funds according to relevant laws and regulations
20. Institutional investors: refer to those who can invest in securities investment funds according to law and are 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
21. QFII: Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutions
Measures for the Administration of Investors' Domestic Securities and Futures Investment (including its amendments from time to time) and relevant laws and regulations,
Foreign institutions investing in domestic securities and futures with funds from abroad approved by the CSRC
Including QFII and RMB QFII
22. Investors, investors: individual investors, institutional investors, sponsors, qualified
Foreign investors and other investors allowed by laws and regulations or the CSRC to purchase securities investment funds
combined term
23. Fund share holder: refers to the investment legally obtained from fund shares in accordance with the fund contract and prospectus
people
24. Fund sales business: refers to the promotion of funds and the sale of fund shares by fund managers or sales agencies,
Handle the subscription, redemption, conversion, re custody and fixed investment of fund units
25. Sales agency: refers to Tianhong 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
26. 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
27. Registration agency: refers to the agency that handles registration business. The registration authority of the Fund is Tianhong Fund Management Co., Ltd
Limited company or agency entrusted by Tianhong Fund Management Co., Ltd. to handle registration business
28. 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
29. Fund transaction account: refers to the account opened by the sales agency for the investor and recorded that the investor passes through the sales machine
Fund shares arising from the organization's handling of subscription, subscription, redemption, conversion, custody transfer, fixed investment and other businesses
Accounts for changes in amounts and balances
30. The effective date of the fund contract: means that the fund raising meets the conditions stipulated by laws and regulations and the fund contract,
The fund manager has completed the fund filing formalities with the CSRC and obtained the written confirmation of the CSRC
date
31. 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
32. 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
33. Duration: refers to the indefinite period between the effectiveness and termination of the fund contract
34. Working day: refers to the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange
35. T day: refers to that the sales agency accepts the investor's application for subscription, redemption or other business within the specified time
open house
36. T+n day: refers to the nth working day from T day (excluding T day), and n is a natural number
37. Open day: refers to the working day for investors to handle the subscription, redemption or other business of fund units
38. Opening Hours: refers to the time period when the fund accepts subscription, redemption or other transactions on the open day
39. Business Rules: refers to the Open ended Fund Business Rules of Tianhong Fund Management Co., Ltd
The amendment made by the Fund Manager is to standardize the registration business of open-ended securities investment funds managed by the Fund Manager
Rules, which shall be jointly observed by the fund manager and investors
40. Subscription: during the fund raising period, investors apply for
Please purchase fund shares
41. Subscription: after the Fund Contract comes into effect, the investor applies for
Please purchase fund shares
42. 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
43. Fund conversion: after the Fund Agreement comes into effect, the Fund Unitholders shall, in accordance with this Fund Agreement and the Fund
The manager will then effectively announce the conditions specified, and apply for holding a certain fund managed by the fund manager
The act of converting fund units into other fund units managed by the fund manager
44. 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
45. Regular and quota investment plan: refers to the application submitted by the investor through the relevant sales agency and the agreement on each application
On the purchase date, the amount of deduction and the method of deduction, the sales agency shall, on the agreed deduction date of each period, place the amount of deduction in the bank account designated by the investor
An investment method for automatically completing deduction and accepting fund purchase applications in the account
46. Large redemption: refers to the net redemption application of the Fund on a single open day (total redemption application units plus
After deducting the total number of subscription application units and the transfer in application for fund conversion
The balance after the total number of shares requested) exceeds 10% of the total fund shares on the previous open day
47. Refinancing securities lending business: refers to the fund's comprehensive business leveling through the stock exchange at a certain rate
Taiwan lends securities to China Securities Finance Co., Ltd., and China Securities Finance Co., Ltd. returns them when they are due
Business of securities borrowed and corresponding equity compensation and payment
48. RMB: refers to RMB
49. Fund income: refers to dividend, dividend, bond interest, price difference of securities, silver
Savings on bank deposit interest, other legal income realized and costs and expenses arising from the use of fund assets
50. Total value of fund assets: refers to the value of various securities and bills owned by the fund, the principal and interest of bank deposits
Total value of fund receivables and other assets
51. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
52. Net value of fund units: refers to the net value of fund assets on the calculation date divided by the total number of fund units on the calculation date
53. Fund asset valuation: it refers to calculating and evaluating the value of fund assets and liabilities to determine the net value of fund assets
Value and net value of fund units
54. Regulated media: national reports for information disclosure that meet the conditions specified by the CSRC
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
55. Sales service fee: refers to the amount withdrawn from the fund property for the marketing, sales and
Service fees for fund share holders
56. 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
57. Swing pricing mechanism: when open-end funds are subject to large purchase and redemption
In the form of net amount, the market shock cost of the fund's adjusted portfolio is allocated to the actual subscription and redemption investments
Investors, so as to reduce the adverse impact on the interests of stock fund share holders and ensure the legitimate rights and interests of investors
Be protected and treated fairly
58. Promoter Fund: refers to the fund raised
The fund manager, the shareholders of the fund manager, the senior managers of the fund manager or the fund manager (refer to
Fund managers with fund manager qualifications, including but not limited to fund managers of the Fund, and
It can also include investment research personnel of companies other than fund managers, the same below) and other personnel who promise to subscribe for a certain amount and hold
Securities investment funds for a certain period
59. Originating fund: refers to the shareholder's funds, funds
The fund manager's own capital, the fund manager's senior managers or fund managers and other personnel's capital. Originating capital
The amount of subscription for the Fund is not less than 10 million yuan (excluding subscription fees), and the holding period is from
Not less than 3 years from the effective date of the fund contract, unless otherwise stipulated by laws and regulations or the regulatory authority
60. Originating fund provider: refers to the fund subscribed with the launching fund and committed to subscribe with the launching fund
Shareholders and fund managers of the fund manager who hold gold units for not less than three years from the effective date of the fund contract
Managers, senior managers of fund managers or fund managers
61. Class A fund unit: refers to the subscription/subscription fees charged by investors when subscribing/subscribing and redeeming funds
Redemption fees, and no longer withdraw sales service fees from the fund assets of this category
62. Class C Fund Units: means that investors do not charge subscription/purchase fees or redeem funds
Fund units for which redemption fees are charged and sales service fees are withdrawn from fund assets of this category
63. Target index: refers to the Shanghai Science and Technology Innovation Board 100 index and its possible changes in the future, or the fund management
Other indexes replaced by the Manager in accordance with the Fund Contract
64. 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
65. 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
66. Force majeure: refers to the objective that the parties to the Fund Contract cannot foresee, avoid and overcome
event
Part III Basic Information of the Fund
1、 Fund name
Tianhong Shanghai Science and Technology Innovation Board 100 Index Enhanced Sponsored Securities Investment Fund
2、 Category of fund
Equity Securities Investment Fund
3、 Operation mode of the fund
Contractual, open and initiative
4、 Investment objectives of the Fund
The Fund is an equity index enhancement fund, which is based on passive investment to effectively track the underlying index
In combination with enhanced active investment, strive to obtain investment returns higher than the target index.
5、 Target index
The underlying index of the Fund is the SSE Science and Technology Innovation Board 100 Index and its possible changes in the future.
6、 Subscription amount of initiating funds and lock up period of subscription shares
The Fund is an initiating fund, and the amount subscribed by the initiating fund provider is not less than 10 million yuan
RMB (excluding subscription fees), and the holding period shall not be less than 3 years from the effective date of the fund contract
Unless otherwise specified by regulations or regulatory authorities.
7、 Selling face value and subscription fees of fund units
The selling face value of the Fund units is RMB 1.00.
The subscription rate of Class A fund units of the Fund shall be subject to the provisions of the Prospectus and the summary of fund product information
Execution. There is no subscription fee for Class C fund units.
8、 Duration of the Fund
Irregular.
9、 Fund share category
According to the differences in the subscription/subscription fees, redemption fees and sales service fees charged by the Fund
Gold shares are divided into different categories. Including:
1. When investors subscribe/subscribe and redeem funds, they will charge subscription/subscription fees and redemption fees, and will no longer
The fund units for which the sales service fee is withdrawn from the fund assets of this category are called Class A fund units.
2. No subscription/subscription fee will be charged when investors subscribe/subscribe to the fund, and redemption fee will be charged when they redeem the fund,
The fund units for which 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 different fund fees, the Fund
Class A fund units and Class C fund units will calculate and publish the net value of fund units and cumulative fund units respectively
Net worth.
Investors can choose the type of fund units to subscribe/subscribe for at their own discretion.
The specific setting and rate level of the relevant fund share categories shall be determined by the fund manager, who shall
It shall be announced in the written form. The Fund Manager may, within the scope of laws and regulations and the Fund Agreement, and without prejudice to the Fund
In the case of the interests of unit holders, after performing appropriate procedures, add new fund unit categories and adjust
Setting of fund unit categories, adjusting the classification methods and rules of fund units or stopping the existing fund unit categories
There is no need to hold a general meeting of fund share holders, but the fund manager needs to make a timely announcement before the implementation of the adjustment.
10、 Fund mode conversion under future conditions
Provided that there is no material adverse effect on the interests of fund share holders, if the Fund Manager
To manage ETFs that track the same underlying index
The Manager has the right to decide whether the Fund will be transformed into a feeder fund of the Fund and modify the Fund Contract accordingly. Be decisive
If the ETF feeder fund mode is adopted for operation, an announcement shall be made in advance after proper procedures are performed.
Part IV Sale of Fund Units
1、 The time, method and target of offering fund units
1. Sale time
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the specific time of sale of fund units
Notice.
2. Way of sale
It is publicly offered through the fund sales outlets of each sales agency or other methods designated by them
For the specific list of, please refer to the announcement on the sale of fund units and the website of the fund manager.
3. Target
Individual investors, institutional investors, contract investors who can invest in securities investment funds in accordance with laws and regulations
Foreign investors, sponsors, laws and regulations or the CSRC allow to purchase securities investment funds
Other investors of gold.
2、 Subscription of Fund Units
1. Subscription fee
The Fund is divided into Class A and Class C fund shares. Investors pay subscription when subscribing Class A fund shares
Fees, no subscription fees will be paid for subscribing Class C fund units.
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 the gold product data summary. The subscription fees for Class A fund units are not included in the fund assets.
2. Treatment of interest during the raising period
The interest generated from the effective subscription amount during the raising period will be converted into the corresponding fund units and returned to the fund
The amount of interest transferred from share holders to share holders shall be subject to the records of the registration authority.
3. Calculation of Fund Subscription Units
The specific calculation method of fund subscription units is listed in the prospectus.
4. Handling method of subscribed share balance
The calculation of subscribed shares shall be reserved to 2 decimal places, and the part after 2 decimal places shall be rounded off
The gains or losses arising from this error shall be borne by the fund property.
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 by the investor 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 may limit the minimum single subscription amount of each fund transaction account
Please refer to the prospectus or relevant announcements for body restrictions.
3. The Fund Manager may limit the cumulative subscription amount of a single investor during the offering period
Please refer to the prospectus or relevant announcements for body restrictions and handling methods.
4. Investors can subscribe for fund units for many times during the fund raising period, and the subscription fee for Class A fund units
It is calculated separately according to the subscription application of each Class A fund unit. Once the subscription application is accepted, it cannot be revoked.
5. If a single investor of the Fund (the Fund Manager, senior managers of the Fund Manager or the Fund
The number of fund units subscribed accumulatively reaches or exceeds the total number of funds
50% of the shares, the fund manager can confirm the proportion of the investor's subscription application
Limitations. The Fund Manager's acceptance of a certain subscription application or certain subscription applications may lead to investors (the Fund Manager
The senior managers of the fund manager or fund managers and other personnel are excluded as the sponsor of the fund) in disguised form
The Fund Manager has the right to reject all or part of the subscription application if the above 50% proportion is required. investor
The number of fund units subscribed shall be subject to the confirmation of the registration authority after the fund contract takes effect.
4、 Subscription of initiating funds
The amount of the fund subscribed by the initiator shall not be less than 10 million yuan (excluding subscription fees
And the holding period shall not be less than 3 years from the effective date of the fund contract. The initiating fund is from the fund
Shareholder funds of the manager, inherent funds of the fund manager, senior managers or fund managers of the fund manager
And other personnel. If the senior managers or fund managers who subscribe for shares leave their posts within the above period,
Initiating shares cannot be redeemed in advance. Unless otherwise specified by laws and regulations or regulatory authorities.
See the announcement issued by the Fund Manager at that time for the subscription of the Fund's launching fund.
Part V Fund Filing
1、 Conditions for Fund Filing
Within three months from the date of offering of the Fund units, the Fund shall subscribe to the Fund at the time of
The amount shall not be less than 10 million yuan (excluding subscription fees), and the sponsor shall promise the holding period
It is limited to the expiration of the fund raising period or the fund manager under the condition of not less than three years from the effective date of the fund contract
In accordance with laws and regulations and the Prospectus, it may decide to stop the sale of the Fund and employ legal capital verification within 10 days
The capital verification report of the institution shall specifically describe the sponsor and its shares
Within 10 days from the date of the capital verification report, go through the fund filing procedures with the CSRC.
If the fund raising meets the conditions for fund filing, the fund manager shall take
The Fund Contract shall come into force from the date of written confirmation by the CSRC; Otherwise, the Fund Contract will not take effect.
The Fund Manager shall publicize the effectiveness of the Fund Contract on the next day after receiving the confirmation document from the CSRC
Notice. The fund manager shall deposit the funds raised during the fund raising into a special account
No one can use it before the end.
2、 Handling method of raised funds when the fund contract fails to take effect
If the raising period expires and the fund filing conditions are not met, the fund manager shall bear the following responsibilities:
1. Bear the debts and expenses arising from the raising with its inherent property;
2. Return the funds paid by the investors within 30 days after the expiration of the fund raising period, and add the same amount as the bank
Current deposit interest (after tax);
3. If the fund raising fails, the fund manager, the fund custodian and the sales institution shall not request remuneration.
All expenses paid by the Fund Manager, the Fund Custodian and the Sales Agency for the Fund raising shall be borne by each party
Dan.
3、 Number of fund share holders and asset size within the duration of the fund
If the net asset value of the fund is less than 200 million yuan on the date when the fund contract comes into effect for three years (natural date)
The Fund shall be liquidated and terminated in accordance with the agreed procedures of this Fund Contract, without the need to convene the Fund Unitholders
The term of the Fund contract shall not be extended by convening a general meeting of Fund Unitholders. If the law at that time
If the laws and regulations or the provisions of the CSRC change, and the above termination provisions are cancelled, changed or supplemented
The fund may be implemented with reference to the then effective laws and regulations or the provisions of the CSRC.
If the Fund Contract continues to exist three years after it comes into effect, the fund shares held by
Where the number of persons is less than 200 or the net asset value of the fund is less than 50 million yuan, the fund manager shall
Disclosed in periodic reports; In case of the above circumstances for 50 consecutive working days, the Fund shall
The agreed procedures of the fund contract shall be liquidated and terminated without the need to convene a general meeting of fund share holders. Legal law
In case of any other provisions of the CSRC, 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 the fund manager's website. The fund manager can change or increase or decrease the sales machine according to the situation
And publicized on the fund manager's website. The fund investor shall handle the fund sales business at the sales institution
The subscription and redemption of fund units shall be handled at the business premises or in other ways provided by the sales agency.
2、 Opening day and time of subscription and redemption
1. Open Day and Opening Hours
The investor shall handle the subscription and redemption of fund units on the open day, and the specific handling time is Shanghai Stock Exchange
The trading hours of the Exchange and Shenzhen Stock Exchange on normal trading days, but the Fund Manager shall, in accordance with laws and regulations
Except for the suspension of subscription and redemption as required by the CSRC or the Fund Contract.
After the fund contract comes into effect, if there are new securities and futures trading markets, securities and futures exchanges
Time change or other special circumstances or according to business needs, the Fund Manager will, as appropriate
The opening hours shall be adjusted accordingly, but before the implementation date
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.
The Fund Manager shall handle the redemption within 3 months from the effective date of the Fund Contract
The processing time shall be specified in the announcement of redemption commencement.
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 confirmed and accepted by the registration authority, the price of subscription and redemption of fund units shall be the price of such funds on the next business day
The price of subscription and redemption of gold shares.
3、 Principles of subscription and redemption
1. The principle of "unknown price", that is, the subscription and redemption prices of various funds calculated after the closing of the application day
Calculate on the basis of net amount;
2. The principle of "amount subscription and share redemption", that is, subscription is applied for by amount, and redemption is applied for by share;
3. The application for subscription and redemption on that day may be withdrawn within the time specified by the Fund Manager;
4. Redemption follows the principle of "first in, first out", that is, it is carried out according to the order of subscription and application of investors
Sequential redemption;
5. When handling subscription and redemption business, the principle of giving priority to the interests of fund unit holders shall be followed to ensure that
The legitimate rights and interests of investors shall not be damaged and shall be treated fairly.
The Fund Manager may adjust the above principles if permitted by laws and regulations. Fund manager
It must be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation of the new rules.
4、 Procedures for subscription and redemption
1. Application method for subscription and redemption
The investor must propose within the specific business handling time on the opening day according to the procedures specified by the sales agency
Application for subscription or redemption.
2. Payment of subscription and redemption funds
When subscribing for fund units, investors must pay the subscription amount in full. If the subscription fund is within the specified time
If the full amount is not received, the subscription will not be established; The investor pays the subscription amount in full and the subscription is established; Fund share registration
The subscription takes effect when the institution confirms the fund shares.
The investor must hold sufficient fund unit balance when submitting the redemption application, otherwise the submitted redemption application
Please fail. The redemption is established when the fund unit holder submits the redemption application; Redemption confirmed by fund share registration authority
Redemption takes effect upon redemption. After the investor's redemption application on T day takes effect, the fund manager will
The redemption amount shall be paid within). In case of data transmission delay, communication system failure, bank
Data exchange system failure or other factors beyond the control of the fund manager and the fund custodian affect the business
The redemption payment shall be postponed to the next working day. Fund Manager, Fund Custodian and Sales
The institution shall not bear the losses or adverse consequences caused by the delay.
In case of major redemption or other suspension of redemption or deferred payment of redemption amount specified in the Fund Contract
In case of any circumstance, the payment method shall refer to the relevant provisions of the Fund Contract.
3. Confirmation of application for subscription and redemption
The Fund Manager shall take the day when valid subscription and redemption applications are accepted before the end of trading hours as the day of subscription
Or the redemption application date (T day). Under normal circumstances, the Fund's registration authority has
Validation. For the valid application submitted on T date, the investor shall timely receive and sell it after T+2 date (including that date)
The sales outlets shall inquire about the confirmation of the application over the counter or in other ways specified by the sales agency.
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 machine
The organization has indeed received the application. The confirmation of the application for subscription and redemption shall be subject to the confirmation result of the registration authority. For Shen
Investors should timely inquire about the confirmation of the application and properly exercise their legal rights, otherwise, the resulting investment
Any loss incurred by the investor shall be borne by the investor. If the subscription is not valid or invalid, the principal of the subscription amount will be returned to the investor
The Investor, the Fund Manager and the Fund Custodian shall not bear any losses such as interest incurred by the returned funds.
4. The Fund Manager may, without violating laws and regulations and the Fund Agreement
Under the premise that there is no material adverse effect on the interests, the business handling rules for the above subscription and redemption applications or
The confirmation time shall be adjusted, and must be in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date of the adjustment
Announce on the specified media.
5、 Quantity limit of subscription and redemption
1. The fund manager may specify the minimum amount of the initial subscription and each subscription of the investor and each redemption
Please refer to the Prospectus or relevant announcements for the specific provisions of the minimum share returned.
2. The fund manager may specify the minimum fund unit balance of each fund transaction account of the investor, with
Please refer to the Prospectus or relevant announcements for specific regulations.
3. The fund manager may stipulate the upper limit of the fund units held by a single investor accumulatively. Please refer to
See the Prospectus or relevant announcements.
4. The fund manager may stipulate the upper limit of the single day or single subscription amount of a single investor. Please
See the Prospectus or relevant announcements.
5. The Fund Manager has the right to specify the total size limit of the Fund, the limit on the amount of subscription per day, and the net amount per day
Please refer to the Prospectus or relevant announcements for the upper limit of subscription proportion.
6. 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.
7. The Fund Manager may adjust the above specified subscription amount and redemption if permitted by laws and regulations
The number of shares and other restrictions, or new fund size control measures. The fund manager must comply with
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. Fund shares are divided into Class A and Class C fund shares. The investor pays when subscribing Class A fund shares
Pay the subscription fee. The subscription fee is not paid for the subscription of Class C fund units, but is withdrawn from the fund property of that class
Sales service fee.
2. The calculation of the net value of each fund unit of the Fund shall be kept to 4 decimal places,
The fifth digit after the decimal point shall be rounded off, and the resulting gains or losses shall be borne by the fund property. Various types of T day
The net value of the Fund units shall be calculated after the market close of the day and announced in accordance with the Fund contract. In case of special circumstances
The calculation or announcement can be postponed appropriately.
3. Calculation of subscription units and handling method of balance: For details of calculation of subscription units of the Fund, see Recruitment
Instructions. The subscription rate of Class A fund units of the Fund shall be determined by the Fund Manager and shall be listed in the Prospectus
And the summary of fund product information. The effective share of subscription is the net subscription amount divided by the fund of this type on the current day
Net value of shares. The unit of effective shares is shares. The above calculation results are rounded to the decimal point
The last two, the income or loss arising therefrom shall be borne by the fund property.
4. Calculation and handling method of redemption amount: please refer to the Prospectus for the calculation of redemption amount of the Fund.
The redemption rate of Class A and Class C fund units of the Fund shall be determined by the Fund Manager, and the redemption rate shall be determined in the Prospectus and
Listed in the summary of fund product information. The redemption amount is the effective redemption unit actually confirmed multiplied by the current category
The net value of fund units and the corresponding expenses shall be deducted. The unit of redemption amount is yuan. The above calculation results are rounded
The entry method shall be reserved to 2 decimal places, and the resulting gains or losses shall be borne by the fund property.
5. The subscription fees for Class A fund units of the Fund shall be borne by the investors who subscribe such fund units, not listed
Fund assets.
6. The redemption fees for Class A and Class C fund units of the Fund are held by the fund units that redeem such fund units
It is assumed by others that it will be collected when the fund unit holders redeem the fund units. Ratio of redemption expenses to fund assets
For example, it is set in accordance with relevant laws and regulations. See the prospectus for details. It is not included in the fund assets
Pay the registration fee and other necessary fees. Among them, investors with a continuous holding period of less than 7 days are charged
The redemption fee shall not be less than 1.5% and shall be fully included in the fund property.
7. The subscription rate, specific calculation method, redemption rate
The specific calculation method and charging method of redemption amount shall be determined by the Fund Manager in accordance with the provisions of the Fund Contract, and
Listed in the prospectus. The fund manager may adjust the rate or charge within the scope agreed in the fund contract
In accordance with the relevant provisions of the Information Disclosure Measures at the latest before the implementation date of the new rate or charging method
It shall be announced on the specified media.
8. 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.
9. The Fund Manager may, without violating the provisions of laws and regulations and the Fund Agreement, hold
Under the condition that there is no material adverse effect on the interests of some people, the fund promotion plan shall be formulated according to the market conditions, and
Carry out fund promotion activities irregularly. During the fund promotion activities, it can be performed according to the requirements of the CSRC
After necessary procedures, the fund investors shall be appropriately reduced in the fund subscription rate, redemption rate or sales service rate.
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. The Fund Manager may suspend the acceptance of the suspension of fund asset valuation as stipulated in the Fund Contract
Investor's application for subscription.
3. The trading time of the securities and futures exchanges is abnormally closed, which causes the fund manager to be unable to calculate the current day
net value of the fund asset.
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. 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 accepting the application for fund subscription.
7. The Fund Manager's acceptance of certain or certain subscription applications may lead to a single investor (Fund Management
Managers, senior managers of fund managers, fund managers and other personnel as sponsors of funds)
There are cases where the proportion of fund shares reaches or exceeds 50%, or the concentration ratio of 50% is evaded in disguised form.
8. Accepting a certain or certain subscription application exceeds the total size limit of the Fund set by the Fund Manager
The upper limit of the net subscription proportion per day, or the upper limit of the single investor's single day or single subscription amount.
9. Other circumstances specified by laws and regulations or recognized by the CSRC.
The Fund Manager decides to suspend the subscription under one of the above circumstances (1, 2, 3, 5, 6 and 9)
When accepting an investor's application for subscription, the fund manager shall publish the suspension application on the specified media in accordance with relevant regulations
Purchase announcement. If the investor's application for subscription is rejected in whole or in part, the principal of the rejected subscription will
The Fund Manager and the Fund Custodian shall not bear the loss of interest arising from the returned amount to the investor.
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. The Fund Manager may suspend the acceptance of the suspension of fund asset valuation as stipulated in the Fund Contract
Redemption application of investors or deferred payment of redemption money.
3. The trading time of the securities and futures exchanges is abnormally closed, which causes the fund manager to be unable to calculate the current day
net value of the fund asset.
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. 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 postpone the payment of redemption funds or suspend the acceptance of fund redemption applications.
7. Other circumstances specified by laws and regulations or recognized by the CSRC.
When one of the above circumstances occurs and the Fund Manager decides to suspend the redemption or postpone the payment of redemption money, the Fund
The Manager shall report to the CSRC for filing as required, and the Fund Manager shall pay in full the confirmed redemption application;
If the payment cannot be made in full for the time being, the payable part shall be distributed according to the proportion of the application amount of a single account in the total application amount
To the redemption applicant, the unpaid part can be postponed. In case of the situation mentioned in item 4 above
Handling of relevant terms of the same. When applying for redemption, fund share holders may choose in advance that they may not receive
It shall be cancelled in part. When the suspension of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner
Handling and announcement.
9、 Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the Fund
After deducting the total number of subscription application units from the total number of transfer out application units during conversion and the transfer in application units during fund conversion
If the balance after the total amount exceeds 10% of the total fund shares on the previous opening day, it is deemed that a huge redemption has occurred.
2. Treatment method of huge redemption
In case of a huge redemption of the fund, the fund manager can decide according to the current asset portfolio of the fund
Full redemption, partial deferred redemption or suspended redemption.
(1) Full redemption: when the Fund Manager believes that it is able to pay all redemption applications of investors,
Follow normal redemption procedures.
(2) Partial deferred redemption: when the fund manager thinks that it is difficult to pay the investor's redemption application or
The realization of property for the purpose of paying the redemption application of investors may cause a large impact on the net asset value of the fund
In case of fluctuation, the redemption ratio accepted by the fund manager on the same day shall not be less than 10% of the total fund shares on the previous open day
Under the premise of, the remaining redemption applications can be postponed. For the redemption application on that day, it should be based on a single account
The proportion of redemption application amount in the total redemption application amount, and the redemption unit accepted on that day shall be determined; For the non redeemable part
The investor can choose to postpone or cancel the redemption when submitting the redemption application. Those who choose to postpone redemption,
Will automatically transfer to the next business day to continue redemption until all redemption; If redemption is selected, the current day
Some redemption applications that have not been accepted will be cancelled. The deferred redemption application is together with the redemption application on the next open day
Processing, no priority and the redemption amount is calculated based on the net value of 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 are not limited by the minimum amount of single redemption.
(3) When the fund has a huge redemption, the redemption application of a single fund unit holder exceeds the previous opening
In the case of 10% of the total fund units per day, the fund manager believes that the full redemption of the fund unit holders should be paid
Property realization due to difficulty in application for redemption or payment of all redemption applications of fund unit holders
When the net asset value of the fund may fluctuate significantly, the fund manager can hold the single fund unit
The application for redemption with more than 10% of the people will be postponed. For the part that has not been redeemed, the investor shall submit the redemption application
You can choose to postpone redemption or cancel redemption when you request. Please refer to the above (2) for details. Deferred Redemption
The application shall be processed together with the redemption application on the next open day. Such fund units without priority and on the next open day
The redemption amount shall be calculated based on the net value and so on until the redemption is completed. For this single fund share
Redemption applications of holders within 10% (including 10%) and other investors shall be subject to the above (1)
(2) See relevant announcements for details.
(4) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), such as the fund manager
If it deems necessary, it may suspend accepting the redemption application of the Fund; The accepted redemption application can postpone the payment of redemption
The repayment shall not exceed 20 working days and shall be announced on the specified media.
3. Announcement of massive redemption
In the event of the above-mentioned huge redemption and the postponement of the transaction, the Fund Manager shall mail, fax or call
Other methods specified in the Prospectus shall notify the fund share holders within three trading days, stating the relevant processing party
And publish an announcement on the specified media within two days.
10、 Announcement of suspension of subscription or redemption and announcement of reopening subscription or redemption
1. In case of the above suspension of subscription or redemption, the Fund Manager shall specify the media within the specified period
The suspension notice is published on the website.
2. If the suspension occurs for one day, the Fund Manager shall, on the reopening day
Publish the announcement of fund re opening subscription or redemption, and announce the net amount of various fund units in the last open day
Value.
3. If the suspension occurs for more than one day, the Fund Manager may, according to the suspension of subscription or redemption
In accordance with the relevant provisions of the Information Disclosure Measures, the re publication of
Announcement of new opening subscription or redemption; You can also clearly reopen the subscription in the suspension announcement according to the actual situation
Or the time of redemption, no further announcement of reopening will be issued at that time.
11、 Fund conversion
The Fund Manager may decide to open the Fund in accordance with relevant laws and regulations and the provisions of the Fund Agreement
For the conversion business with other funds managed by the fund manager, a certain conversion fee may be charged for fund conversion,
The relevant rules shall be formulated and announced by the Fund Manager in accordance with relevant laws and regulations and the provisions of this Fund Agreement,
And inform the Fund Custodian and relevant institutions in advance.
12、 Non trading transfer of funds
Non transaction transfer of funds refers to the acceptance of inheritance, donation and judicial enforcement by the fund registration authority
Non transaction transfer and other non transaction transfer recognized by the registration authority and in compliance with laws and regulations, or
Conduct in accordance with relevant laws and regulations or the way required by the competent authorities of the state. Regardless of the above
Under such circumstances, the subject receiving the transfer must be an investor who can hold the fund shares of the Fund according to law, or
It shall be handled in the manner required by relevant laws and regulations or national authorities.
Inheritance refers to the death of the fund unit holder, and the fund units held by him shall be inherited by his legal successor;
Donation refers to the donation of fund units legally held by fund unit holders to welfare foundations or
Social groups; Judicial enforcement means that the judicial authority holds the fund share holders
Of the fund units are forcibly transferred to other natural persons, legal persons or other organizations. Must be provided for non transaction transfer
Relevant materials required to be provided by the fund registration authority shall be registered as per the fund for qualified non transaction transfer applications
It shall be handled according to the regulations of the institution and charged according to the standards stipulated by the fund registration institution.
13、 Custody transfer of funds
Fund share holders can handle the transfer of custody of their held fund shares between different sales institutions
A sales agency may collect the transfer custody fee according to the prescribed standards.
14、 Fixed investment plan
The Fund Manager may handle regular and quota investment plans for investors, and the specific rules shall be separately formulated by the Fund Manager
Line regulations. The investor can agree on the amount of deduction in each period when handling the fixed investment plan
The amount must not be less than the fixed amount specified by the fund manager in the relevant announcement or updated prospectus
The minimum subscription amount of the investment plan.
15、 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.
If the fund shares are frozen, the rights and interests generated by the frozen part will be frozen together, and the frozen part will remain
Participate in income distribution and payment. Unless otherwise specified by laws and regulations or regulatory authorities.
16、 Fund share transfer
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders
An application for transfer of fund units through a trading place recognized by the CSRC or by other means shall be submitted by
The registration authority shall handle the transfer registration of fund units. If the fund manager intends to accept the transfer of fund units
The holders of gold units shall handle the transfer of fund units in accordance with the business rules announced by the fund manager.
17、 Fund share pledge
If the relevant laws and regulations allow the registration institution to handle the pledge business of fund units or other fund businesses, register
The accounting institution will formulate and implement corresponding business rules.
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、 Without violating the relevant laws and regulations and the fund contract
On the premise of no material adverse effect, the Fund Manager may, according to the specific circumstances
The arrangement of relevant business shall be supplemented and adjusted and announced in advance, without the need to convene a general meeting of fund share holders for deliberation.
Part VII Parties to the Fund Contract and Their Rights and Obligations
1、 Fund manager
（1） Profile of the Fund Manager
Name: Tianhong Fund Management Co., Ltd
Address: 23rd Floor, Baofeng Building, No. 3678 Xinhua Road, Tianjin Pilot Free Trade Zone (CBD)
Legal representative: Han Xinyi
Date of establishment: November 8, 2004
Approval authority and approval document number: CSRC Zhengjian Jiji Zi [2004] No. 164
Organizational form: limited liability company
Registered capital: 514.3 million yuan
Duration: continuous operation
Tel: (022) 83310208
（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. If other institutions are entrusted to handle the registration business
The Fund Registration Authority shall supervise the registration of fund units;
(10) Determine the distribution plan of fund income in accordance with the Fund Contract and relevant laws and regulations;
(11) Reject or suspend the acceptance of subscription, redemption and conversion applications within the scope agreed in the Fund Contract
Please;
(12) Exercising shareholders' rights against the invested company for the benefit of the fund in accordance with laws and regulations, and for the benefit of the fund
To exercise the rights arising from the investment of the Fund's assets in securities;
(13) Financing and refinancing of the Fund for the benefit of the Fund in accordance with the law, provided that laws and regulations permit
Through securities lending business;
(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, futures brokers or others
External institutions providing services by the Fund;
(16) Formulate and adjust relevant fund subscription, subscription
Business rules for redemption, conversion, fixed investment and non trading transfer;
(17) Decide on the conversion of the Fund's securities trading settlement mode (including the trading settlement mode of securities companies
To the custodian settlement mode, or from the custodian settlement mode to the securities company transaction settlement mode).
If the Fund adopts the "transaction settlement mode of securities companies", the Fund Manager has the right to choose to enter on behalf of the Fund
A securities broker that transacts on the market, acts as a clearing participant to settle on behalf of the Fund, and signs a securities contract
Discipline service agreement;
(18) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Manager include
But not limited to:
(1) Raise funds according to law, handle or entrust other institutions recognized by the CSRC to handle
The sale, subscription, redemption and registration of fund units;
(2) Handling the fund filing procedures;
(3) From the effective date of the Fund Contract, manage and operate in the principle of good faith, prudence and diligence
Use of fund assets;
(4) Allocate sufficient personnel with professional qualifications to carry out fund investment analysis and decision-making, so as to be professional
Management and operation of fund assets;
(5) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure that the assets of the fund under management and the assets of the fund manager are independent of each other, and to separate the different funds under management
Management, separate bookkeeping and securities investment;
(6) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
Do not entrust a third person to operate the fund property if they seek benefits for themselves or any third person;
(7) Accept the supervision of the Fund Custodian according to law;
(8) Take appropriate and reasonable measures to calculate the subscription, purchase, redemption and cancellation prices of fund units
The method shall comply with the provisions of the Fund Contract and other legal documents, and the net value of the Fund shall be calculated and announced in accordance with the relevant provisions,
Determine the price of subscription and redemption of fund units;
(9) Conduct fund accounting and prepare fund financial accounting reports;
(10) Prepare quarterly report, interim report and annual report;
(11) Information disclosure and
Reporting obligations;
(12) Keep the business secrets of the fund, and do not disclose the fund investment plan, investment intention, etc. In addition to the Fund Law
Unless otherwise specified in the Fund Contract and other relevant provisions, the Fund information shall be kept confidential before public disclosure
Disclosed to others, but required by regulatory authorities, judicial authorities and other competent authorities, or due to
Except those provided by professional consultants of the Ministry of Finance;
(13) Determine the fund income distribution plan according to the Fund Contract, and hold the fund shares in a timely manner
Distribution of fund income by people;
(14) Accept the application for subscription and redemption as required, and pay the redemption amount in time and in full;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund unit holders in accordance with the law, or to cooperate with the fund custodian and fund unit holders;
(16) Keep the accounting books, statements, records and other relevant information of fund property management business activities as required
The relevant information shall not be less than the statutory minimum period;
(17) Ensure that all documents or materials required to be provided to fund investors are issued within the specified time, and
To ensure that investors can check the information related to the Fund at any time according to the time and method specified in the Fund Contract
Disclose materials and obtain copies of relevant materials at reasonable cost;
(18) Organize and participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation
Realization and distribution;
(19) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And notify the Fund Custodian;
(20) Loss or damage to fund assets due to violation of the Fund Contract
When he/she has rights and interests, he/she shall be liable for compensation, and his/her liability for compensation shall not be exempted by his/her retirement;
(21) Supervise the Fund Custodian to perform its obligations in accordance with laws and regulations and the Fund Contract
When the Fund Custodian violates the Fund Contract and causes losses to the Fund property, the Fund Manager shall hold
The interests of the Fund Custodian shall be recovered from the Fund Custodian;
(22) When the fund manager entrusts its obligations to a third party, it shall deal with the relevant funds to the third party
Take responsibility for the behavior of financial affairs;
(23) In the name of the Fund Manager, on behalf of the Fund Unitholders, exercise the right of litigation or enforce its
Other legal acts;
(24) The Fund Manager fails to meet the filing conditions of the Fund during the raising period, and the Fund Contract cannot
Effective, the fund manager shall bear all the raising costs, and add the raised funds to the current deposit interest of the bank for the same period
The interest (after tax) shall be returned to the fund subscriber within 30 days after the end of the fund raising period;
(25) Implement the effective resolutions of the general meeting of fund share holders;
(26) Establish and maintain the register of fund share holders, and provide fund shares to the fund custodian as required
Register of holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Fund Custodian
（1） Profile of Fund Custodian
Name: Industrial and Commercial Bank of China Limited
Address: No. 55, Fuxingmennei Street, Xicheng District, Beijing (100032)
Legal representative: Chen Siqing
Tel.: (010) 66105799
Fax: (010) 66105798
Contact: Guo Ming
Time of establishment: January 1, 1984
Organizational form: limited liability company
Registered capital: 356406257100 yuan
The establishment approval authority and establishment document number: The State Council's "Circular on the People's Bank of China's Specialized Exercise of the Central Bank Position"
Neng's Decision (GF [1983] No.146)
Duration: continuous operation
（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, the Custody Agreement and other relevant provisions
Use the fund assets to seek benefits for themselves and any third party, and may not entrust a third party to trust the 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 and the Custody Agreement, the Fund Manager shall timely handle the liquidation
Closing matters;
(7) Keep fund business secrets, except for the Fund Law, the Fund Contract, the Custody Agreement and others
Unless otherwise specified in relevant regulations, the fund information shall be kept confidential before public disclosure and shall not be disclosed to others
Management agencies, judicial authorities and other competent authorities require to provide or provide to external professional consultants such as audit and law
Except in the circumstances;
(8) Review and review the net fund asset value, net fund share value and fund share calculated by the fund manager
Amount of subscription and redemption price;
(9) To handle information disclosure related to fund custody business activities;
(10) To issue opinions on the financial and accounting reports, quarterly reports, interim reports and annual reports of the Fund, stating that
Specify whether the Fund Manager operates in all important aspects in strict accordance with the provisions of the Fund Contract; If
If the Fund Manager fails to implement the provisions of the Fund Contract, it shall also state whether the Fund Custodian has taken
Appropriate measures have been taken;
(11) Keep records, account books, statements and other relevant materials of fund custody business activities at least
Set a minimum deadline;
(12) Receive the register of fund unit holders from the fund manager or the registration institution entrusted by the fund manager;
(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 fund manager's
Investment operation;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and
Distribution;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
Liability will not be relieved by his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
The Fund Manager shall be the Fund Unitholder in case of any loss of fund property due to violation of the Fund Contract
The interests shall be recovered from the fund manager;
(21) Implement the effective resolutions of the general meeting of fund share holders;
(22) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
3、 Fund share holders
The fund investor's holding of the fund shares of the Fund shall be deemed as the recognition and acceptance of the Fund Contract,
The fund investor will become the fund share holder and the fund investor will become the fund share holder
The parties to the Fund Agreement until they no longer hold the Fund units of the Fund. The Fund Unitholders shall serve as the Fund Unitholders
The parties to the Fund Contract shall not be required to sign or seal the Fund Contract in writing.
Unless otherwise stipulated by laws and regulations or the Fund Contract, each fund unit of the same category has
Equal legal rights and interests.
1. According to the Fund Law, the Operation Measures and other relevant provisions, the rights of fund share holders
Including but not limited to:
(1) Share the fund property income;
(2) Participate in the distribution of the remaining fund assets after liquidation;
(3) Transferring or applying for redemption of fund units held by them according to law;
(4) To call a general meeting of fund unit holders or a general meeting of fund unit holders as required;
(5) Attend or appoint a representative to attend the general meeting of fund unit holders
Exercise the right to vote on matters under consideration;
(6) Consulting or copying publicly disclosed fund information;
(7) To supervise the investment operation of the Fund Manager;
(8) The legal rights and interests of the fund manager, fund custodian and fund service institution shall be harmed in accordance with
Legal action or arbitration;
(9) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operation Measures and other relevant provisions, the obligations of the Fund Unitholders
Including but not limited to:
(1) Carefully read and abide by the Fund Contract, Prospectus and other information disclosure documents;
(2) Understand the fund products invested, understand their own risk tolerance, and independently judge the fund investment
Value, make investment decisions independently and bear investment risks independently;
(3) Pay attention to fund information disclosure, exercise rights and perform obligations in a timely manner;
(4) Pay the fund subscription and subscription amount and the fees specified in laws and regulations and the Fund Contract;
(5) Undertaking fund losses or terminating the Fund Contract within the scope of fund units held by them
Limited liability;
(6) Do not engage in any activities that may damage the legitimate rights and interests of the Fund and other parties to the Fund Contract;
(7) Implement the effective resolutions of the general meeting of fund share holders;
(8) Return the improper gains obtained for any reason in the course of fund transactions;
(9) The fund units subscribed by the initiator shall not be less than 3 since the effective date of the fund contract
Unless otherwise specified by laws and regulations or regulatory authorities;
(10) Comply with relevant transactions and businesses of the Fund Manager, Fund Custodian, Sales Agency and Registration Agency
Business rules;
(11) Provide the information required by the fund manager and regulatory authority according to law, and update and
Supplement and guarantee its authenticity;
(12) Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
Part VIII General Meeting of Fund Unitholders
The general meeting of fund unit holders shall be composed of fund unit holders, who are legally authorized to act on their behalf
Form A has the right to attend meetings and vote on behalf of fund share holders. Unless otherwise specified by laws and regulations or this Fund Contract
Unless otherwise agreed, each fund unit held by the fund unit holder shall have equal voting rights.
The National People's Congress of the holders of Fund units does not have a daily institution.
1、 Reason for convening
1. Unless otherwise stipulated by laws and regulations, CSRC or the Fund Contract
Or if it is necessary to decide on one of the following matters, a general meeting of fund unit holders shall be convened:
(1) Terminate the Fund Contract;
(2) Change the fund manager;
(3) Change the Fund Custodian;
(4) Change the operation mode of the fund;
(5) Adjust the remuneration 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. Within the scope stipulated by laws and regulations and the Fund Contract and for the interests of fund share holders
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 the Fund, lower the sales service rate or change the charging method;
(3) Adjust the setting of fund share categories, increase or decrease fund share categories, or adjust fund shares
Classification methods and rules;
(4) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(5) The amendment to the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment
The change does not involve significant changes in the rights and obligations of the parties to the Fund Contract;
(6) Fund manager, registration institution and fund sales institution adjust relevant subscription, redemption, conversion
Fund transaction, non transaction transfer, custody transfer and other business rules;
(7) The Fund launches new businesses or services;
(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 start from the date of issuing a written decision
Held within 60 days; If the Fund Manager decides not to convene the meeting, and the Fund Custodian still deems it necessary to convene the meeting, it shall be held by
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. To convene a general meeting of fund share holders, the convener shall, 30 days before the meeting
Notice. The notice of the general meeting of fund share holders shall at least contain the following contents:
(1) Time, place and form of the meeting;
(2) Matters to be considered, procedures and voting methods at the meeting;
(3) The registration date of the rights and interests of fund unit holders who are entitled to attend the general meeting of fund unit holders;
(4) Requirements for the content of the authorization certificate (including but not limited to the identity, authority and proxy of the agent)
The time and place of delivery;
(5) Name and telephone number of the permanent contact person for conference affairs;
(6) Documents that must be prepared and procedures that must be performed by the attendees;
(7) Other matters to be notified by the convener.
2. In case of communication meeting and voting, the convener of the meeting shall decide to notify the meeting
The specific means of communication adopted by the National People's Congress of the Fund Unitholders, the entrusted notary authority and its copy
Method and contact person, deadline for submission of voting opinions and collection method.
3. If the convener is the fund manager, it shall also notify the fund custodian in writing to check the statement at the designated place
Supervise the vote counting of the decision; If the convener is the fund custodian, it shall notify the fund manager in writing separately
Go to the designated place to supervise the counting of votes; If the convener is the fund share holder, it shall be separately
Inform the Fund Manager and the Fund Custodian in writing to go to the designated place to supervise the counting of votes. fund
If the manager or fund custodian refuses to send representatives to supervise the counting of votes, the voting opinions will not be affected
Vote counting effect of.
4、 Ways of Fund Unitholders Attending the Meeting
The general meeting of fund share holders may be held by means of on-site meeting, communication meeting or laws, regulations and supervision
Other methods allowed by the institution shall be adopted, and the convening method of the meeting shall be determined by the convener.
1. On site meeting. Appointed by the Fund Unitholders in person or by proxy
The authorized representatives of the Fund Manager and the Fund Custodian shall attend the on-site meeting as nonvoting delegates
If the Fund Manager or the Fund Custodian does not send representatives to attend the general meeting, the voting effect shall not be affected. On site opening
The agenda of the general meeting of Fund Unitholders may be held when the following conditions are met simultaneously:
(1) Certificates of fund units held by those who attend the meeting in person, and principals issued by those entrusted to attend the meeting
The certificate of holding fund shares and the certificate of proxy voting authorization of the trustor comply with laws and regulations
And the provisions of the notice of the meeting, and the vouchers for holding fund shares and the registration materials held by the fund manager
Conformity;
(2) After verification, the voucher presented by the participants for holding fund units on the equity registration date shows that,
The effective fund units shall not be less than one-half (including one-half) of the total fund units of the Fund on the equity registration date
1） . If the effective fund units represented by the participants on the equity registration date are less than the base of the Fund on the equity registration date
1/2 of the total fund units, the convener may hold the fund unit holders' meeting at 3
The General Meeting of Fund Unitholders shall be reconvened within six months after the expiration of six months on the matters originally scheduled for deliberation. Recall
The effective fund units represented by the participants of the general meeting of fund unit holders on the equity registration date shall not be less than
One third (including one third) of the total fund shares of the Fund on the equity registration date.
2. Correspondence meetings. Correspondence meeting means that the Fund Unitholders submit their votes on voting matters in writing
Form or other means specified in the announcement of the meeting shall be delivered to the address designated by the convener before the deadline for voting. through
The meeting shall vote in writing or in other ways specified in the notice of the meeting.
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 opinion, the certificate of holding the fund unit submitted at the same time, and the agent entrusted to issue the voting opinion
The certificate issued by the agent that the principal holds fund shares and the certificate of proxy voting authorization of the principal
Comply with laws and regulations, the Fund Contract and the notice of the meeting, and comply with the records of the fund registration authority.
3. With the permission of laws and regulations or regulatory authorities, the notice of the meeting states that the fund shares held
People can also vote by network, telephone or other means, or by network, telephone or other means
Authorize others to attend and vote on behalf of the meeting, and the specific method shall be determined by the convener of the meeting and listed in the meeting notice.
In terms of the way of holding the meeting, the Fund can also use other off-site ways or on-site ways to communicate with off-site parties
The general meeting of fund share holders shall be held in a combination of methods, and the meeting procedures shall be held in accordance with on-site meetings and communication methods
The procedure of the meeting will be carried out.
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 half (including half) of the voting rights held by the agent shall elect a fund share holder
As the host of the Fund Unitholders' Meeting. The Fund Manager and the Fund Custodian refuse to attend or
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 30 days in advance, and then vote on it
Within 2 working days after the deadline, the convener shall count all valid votes under the supervision of the notary office
The resolution is formed under the supervision of the organ.
6、 Voting
Each fund unit held by the fund unit holder has one vote.
The resolutions of the general meeting of fund share holders can be divided into general resolutions and special resolutions:
1. The general resolution shall be subject to the form held by the fund share holders or their agents attending the meeting
More than half (including half) of the voting rights are valid only after passing; Except as provided in the second item below
Matters other than those passed by special resolution shall be passed by general resolution.
2. Special resolution, which shall be held by fund share holders or their agents attending the meeting
It can be made only after being approved by more than two-thirds (including two-thirds) of the voting rights. In addition to laws and regulations, regulators
Unless otherwise specified or agreed in the fund contract, change the operation mode of the fund, change the fund manager or fund trust
Custody, termination of the Fund Contract, and merger of the Fund with other funds shall be effective only after special resolutions are passed.
The general meeting of fund share holders shall vote by open ballot.
When voting by means of communication, unless there is sufficient evidence to the contrary when counting votes, submit
The voting for confirming the investor's identity document in accordance with the provisions of the notice of the meeting shall be deemed as effective attendance of investors
The voting opinions that meet the requirements of the notice of meeting shall be deemed as valid voting, and the voting opinions that are ambiguous or contradictory shall be deemed as valid voting
It means abstention from voting, but shall be included in the total number of fund units represented by the fund unit holders who issue voting opinions.
The proposals of the general meeting of fund share holders or the parallel topics in the same proposal shall be separated
Review and vote item by item.
On the premise of the above rules, the specific rules are as follows:
Accurate.
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. If using
Vote by means of communication. When announcing the resolution of the general meeting of fund share holders, the full text of the notarial certificate
The name of the certification authority and the notary shall be announced together.
The Fund Manager, the Fund Custodian and the Fund Unitholders shall implement the effective Fund Unitholders
General Assembly resolutions. Effective resolution of the general meeting of fund unit holders on the management of all fund unit holders and funds
Both the trustee and the fund trustee are binding.
9、 Special agreement of the general meeting of fund share holders during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the proportion of relevant fund units or voting rights refers to the holders of main pocket units
The fund shares or voting rights held or represented by and side pocket unit holders respectively conform to such proportion, but if relevant
If the matters to be convened and deliberated at the general meeting of fund share holders do not involve side pocket accounts, they only refer to the main pocket share holders
The fund shares or voting rights held or represented by the Company meet these proportions:
1. The Fund Unitholders need to exercise the right to propose, convene and nominate on behalf of the relevant individual or aggregate representatives
More than 10% (including 10%) of fund shares;
2. The fund units represented by the participants in the on-site meeting on the equity registration date shall not be less than that of the Fund in Quanyideng
One half (including one half) of the relevant fund shares on the record date;
3. Fund units that directly issue voting opinions or authorize others to issue voting opinions in correspondence meetings
The fund units held by the holder shall not be less than half (including half) of the relevant fund units on the equity registration date
One);
4. When the Fund Unitholders who participate in the voting of the General Meeting of Fund Unitholders hold small Fund Units
On the equity registration date, half of the relevant fund units, the convener held the majority of the fund units in the original announcement
Fund unit holdings reconvened within 6 months and 3 months after the date of the meeting
The National People's Congress shall have holders representing more than one-third (including one-third) of the relevant fund units participate in or grant
To authorize others to vote at the general meeting of fund share holders;
5. One half of the voting rights of fund share holders and proxies present at the meeting
One fund unit holder elected by the above (including one half) as the fund unit holder meeting
The host of;
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.
During the implementation of the side pocket mechanism, the relevant provisions on the general meeting of fund share holders shall be subject to the special provisions of this section
The provisions not specified in this section shall apply to the relevant provisions above.
10、 This part deals with the causes, conditions, procedures and voting of the general meeting of fund share holders
Provisions such as conditions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulations
If the relevant contents are cancelled or changed due to the modification of the rules, the Fund Manager shall, upon consensus with the Fund Custodian
After the announcement in advance, the content of this part can be directly modified and adjusted without the need to convene a fund unit holder
It will be reviewed.
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 is held by the Fund Custodian or by more than 10% (including
10%) Nomination of fund unit holders of fund units;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Manager
A resolution shall be made by the fund manager of
More than two thirds (including two thirds) of the votes are passed, and the resolution becomes effective from the date of voting;
3. Temporary Fund Manager: The 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. New Fund Manager or Temporary 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
The audit fees shall be disbursed from the fund assets by announcement and reported to the CSRC for filing;
8. Change of fund name: after the change of fund manager, if the original or new fund manager requires,
The name words related to the original fund manager in the fund name shall be replaced or deleted as required.
（2） Procedures for replacing the Fund Custodian
1. Nomination: The new Fund Custodian is held by the Fund Manager or more than 10% (including
10%) Nomination of fund unit holders of fund units;
2. Resolution: The General Meeting of Fund Unitholders shall, within 6 months after the termination of the duties of the Fund Custodian
The Fund Custodian of
More than two thirds (including two thirds) of the votes are passed, and the resolution becomes effective from the date of voting;
3. Temporary Fund Custodian: Before the new Fund Custodian is appointed, the CSRC shall appoint a temporary fund custodian
Gold custodian;
4. Filing: the resolution of the general meeting of fund share holders to change the fund custodian must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Custodian, the Fund Manager shall change the Fund units of the Fund Custodian
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. Check the new fund custodian or temporary fund custodian with the fund manager
The total value and net value of the Fund's assets;
7. Audit: If the duties of the Fund Custodian are terminated, the Fund Custodian shall, 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
The audit fee shall be disbursed from the fund assets by announcement and reported to the CSRC for filing.
（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 fund management business, or the new fund custodian or
Before the temporary fund custodian receives the fund assets and the fund custody business, the original fund manager or the original fund custodian
They shall continue to perform their relevant duties and ensure that they will not commit any act that may damage the interests of fund share holders.
The original Fund Manager or the original Fund Custodian is still entitled to continue to perform relevant duties in accordance with this Fund Contract
The fund management fee or fund custody fee shall be charged in accordance with the provisions of.
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.
The fund custody matters not covered in the fund contract shall be subject to the fund custody signed by the fund manager and the fund custodian
The agreement shall prevail.
Part XI Registration of Fund Units
1、 Registration business of fund units
The registration business of the Fund refers to the registration, custody, transfer, clearing and settlement business of the Fund
Including establishment and management of investor's fund account, registration of fund shares, confirmation and liquidation of fund sales business
And clearing, distributing dividends on behalf of others, establishing and keeping the register of fund share holders and handling non trading transfer.
2、 Fund registration business handling agency
The registration business of the Fund is conducted by the Fund Manager or other qualified institutions entrusted by the Fund Manager
Handling. If the Fund Manager entrusts other institutions to handle the registration business of the Fund, it shall sign an entrustment agreement with the agent
Management agreement to clarify the fund manager and agency's management of the investor's fund account, fund share registration
The right to liquidate and confirm fund transactions, distribute dividends, establish and keep the register of fund share holders and other matters
And obligations to protect the legitimate rights and interests of fund share holders.
3、 Rights of the Fund Registrar
The fund registration authority has the following rights:
1. Registration fee;
2. Establish and manage investor fund accounts;
3. To keep account opening information, transaction information and register of fund unit holders;
4. Within the scope permitted by laws and regulations, the registration business processing time and relevant business rules shall be
The adjustment shall be announced on the specified media before implementation in accordance with relevant regulations;
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
Less than 20 years;
4. Having the obligation to keep confidential the fund account information of the fund share holder
Investors or funds shall bear corresponding compensation liability for losses incurred, but judicial compulsory inspection and laws
Except for other circumstances stipulated by laws and regulations, the CSRC and the Fund Contract;
5. Handle non trading transfer business for investors and provide
Other necessary services;
6. Accept the supervision of the fund manager;
7. Other obligations stipulated by laws and regulations, the CSRC and the Fund Contract.
Part XII Investment of the Fund
1、 Investment objectives
The Fund is an equity index enhancement fund, which is based on passive investment to effectively track the underlying index
In combination with enhanced active investment, strive to obtain investment returns higher than the target index.
2、 Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including those legally issued and listed domestically
Stocks (including science and technology innovation board, GEM and other stocks and depositary receipts allowed to be listed by the CSRC)
Bonds (including government bonds, financial bonds, local government bonds, corporate bonds, corporate bonds, short-term corporate bonds of securities companies
Subordinated bonds, convertible bonds (including separable trading convertible bonds), exchangeable bonds, central bank bills, medium-term notes
Bonds, short-term financing bonds, ultra short-term financing bonds), money market instruments, interbank certificates of deposit, bank deposits, bonds
Repurchases, stock index futures, asset-backed securities and other investments permitted by laws and regulations or the CSRC
Financial instruments (subject to the relevant provisions of the CSRC).
The Fund may participate in the financing and refinancing securities lending business in accordance with relevant 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 is:
The proportion of the Fund's assets invested in stocks is not less than 90% of the Fund's assets, and the investment in the underlying index is
The asset ratio of individual shares and alternative component shares shall not be less than 80% of the non cash fund assets
Except for restricted circumstances; At the end of each trading day, the Fund deducts the transactions required to pay for stock index futures contracts
After the deposit, it shall keep no less than 5% of the net asset value of the fund in cash or the government whose maturity date is within one year
Bonds, of which cash does not include settlement provisions, deposits and subscription receivables. Stock index futures and
The investment proportion of other financial instruments shall be subject to laws and regulations or the provisions of the regulatory authority.
If laws and regulations or the CSRC changes the investment proportion limit of investment varieties, the Fund Manager shall
After proper procedures, the investment proportion of the above investment varieties can be adjusted.
3、 Investment strategy
The Fund adopts an index enhanced investment strategy, with the above 100 index of the Securities and Technology Innovation Board as the fund portfolio
Based on in-depth macro and fundamental research and quantitative investment technology
Optimize and adjust the portfolio on the basis of, and strive to control the day between the growth rate of the Fund's net value and the performance benchmark
The absolute value of average tracking deviation shall not exceed 0.5%, and the annual tracking error shall not exceed 7.75%, so as to achieve higher than standard
The investment income of the index and the long-term appreciation of fund assets. If it is caused by adjustment of index compilation rules or other factors
If the tracking deviation degree and tracking error exceed the above range, the Fund Manager will take reasonable measures to avoid tracking deviation
And the tracking error is further expanded. During the operation of the Fund, when the underlying index component stocks are significantly negative
If the event is faced with delisting and the index compilation institution has not made any adjustment for the time being, the Fund Manager shall
According to the principle that the interests of the holders have priority, relevant constituent shares shall be adjusted in a timely manner after the implementation of internal decision-making procedures.
（1） Asset allocation strategy
The Fund is a stock index enhanced securities investment fund, and the proportion of stock assets in fund assets is not less than
90%, of which the assets invested in the underlying index component stocks or alternative component stocks are not lower than the non cash fund assets
80%, except those restricted by laws and regulations; Deduct stock index futures at the end of each trading day
After the transaction margin required to be paid for the contract, the cash or government bonds with maturity within one year shall not be less than the fund capital
5% of the net asset value, of which, the above cash does not include settlement provisions, deposits, purchase receivables, etc.
Category asset allocation is not the core strategy of the Fund, and will generally maintain the basic allocation of various assets
stable. In comprehensive consideration of systematic risk, various asset return risk ratios, stock asset valuation, liquidity
After the requirements, purchase and redemption, dividend and other factors, make appropriate adjustments to the fund asset allocation.
（2） Stock investment strategy
The stock investment strategy is the core strategy of the Fund. The Fund's stock investment is mainly index investment, quantitative
Enhanced.
1. Index investment strategy
The Fund's investment portfolio is based on the weight of constituent stocks in the underlying index, and through controlling the stock portfolio
The deviation of each stock from its weight in the underlying index in order to control the tracking error and carry out indexation
investment.
2. Quantitative enhancement strategy
The Fund uses the multi factor alpha prediction model and structured wind developed by the quantitative investment team of the Fund Manager
Insurance model and transaction cost estimation model, through portfolio optimization method, build a stock enhanced portfolio
The enhanced portfolio is constrained by the expected tracking error budget, and has higher expected excess after transaction cost adjustment
Yield. The Fund will adjust the stock portfolio irregularly according to the latest data and the results of quantitative model optimization
Whole.
1) Multi factor α prediction model
This model is based on the long-term data of China's stock market, using financial theory and mathematical statistics methods
Conduct in-depth research on the relationship between factors and the future return rate of stocks, and find and develop a significant relationship with the future return rate
Relationship factors include valuation, profitability, growth, volatility, liquidity and other factors.
Then use a specific algorithm to integrate multiple factors, and according to the exposure value of each stock on these factors
Calculate α of each stock in the future.
2) Structured risk model
This model is a risk model that has been studied and applied extensively in the world. Its logic is to decompose the individual stock return into
The rate of return of common factors and its unique rate of return, thus transforming individual stock risk (volatility of rate of return) into
Factor risk and its unique risk, transforming the risk estimation of stock portfolio into the estimation of factor portfolio risk
And the estimation of individual stock specific risks, which can reduce the number of variables to be estimated and make the estimation more accurate
And soundness.
The structured risk model used by the Fund is also based on the above logic, combining literature and China's stock market
The specific conditions of the field are developed. By limiting the stock portfolio in various risk factors (such as market value, beta, industry, etc.)
The exposure of the benchmark index above shall strive to control the tracking error of the stock portfolio within the budget range.
3) Transaction cost estimation model
The model is based on the transaction activity, bid ask spread, transaction costs and possible holding period of each stock
To estimate the transaction cost of each stock, so as to estimate the expected excess return rate of each stock when constructing the stock portfolio
Adjust to achieve the purpose of optimizing combination.
3. Investment strategy of depositary receipts
For investment in depositary receipts, the Fund will conduct qualitative analysis and quantitative analysis based on in-depth research
By combining analysis, depositary receipts with comparative advantages are selected.
（3） Bond investment strategy
In terms of bond investment, the Fund conducts in-depth analysis of macroeconomic data, monetary policy and interest rate changes
Trends, as well as yield levels, liquidity and credit risks of different categories
Give priority to distribution strategy, supplemented by yield curve strategy, interest margin strategy, etc., and construct the
Portfolio of bonds and money market instruments.
(1) Credit bond investment strategy
Because the factors affecting the spread level of credit bonds include the overall credit spread level of the market and credit bonds
The Fund's credit bond investment strategy can be specifically divided into overall market credit
Spread curve strategy and single credit bond credit analysis strategy.
1) Strategy of overall market credit spread curve
The Fund will consider the overall credit spread curve from three aspects: economic cycle, market characteristics and policy factors
Trend. In the upward phase of the economic cycle, if the profitability of enterprises is enhanced and the operating cash flow is improved, then the credit spread
It may narrow, otherwise, when the economic cycle is depressed, the profitability of enterprises will weaken and the credit spread will expand. meanwhile
The Fund will also consider the interrelationship among market capacity, credit bond structure and liquidity, dynamic research letter
The main characteristics of the debt market provide a basis for the analysis of credit spreads. In addition, policy factors will also affect credit interest
Poor results in great impact. This policy impact focuses on the supply and demand of the credit bond market. Base
Jin will evaluate the effect of the policy on the credit bond market from both supply and demand.
The Fund will integrate various factors, analyze the overall credit spread curve and the trend of different industries, and determine the credit bonds
The total investment proportion of bonds and the investment proportion of different industries.
2) Credit analysis strategy of single credit bond
The yield level of credit bonds and its changes largely depend on the credit rating of the issuer itself
Ping, the Fund will evaluate the credit rating of different credit bonds and dig deeply into the investment price of credit bonds
Value to enhance the return of the Fund. The Fund mainly relies on the issuer's solvency, collateral quality and contracts
Analyze and evaluate the credit level of individual credit bonds in terms of terms and corporate governance.
(2) Investment strategy of short-term corporate bonds of publicly issued securities companies
The Fund will invest in short-term corporate bonds of publicly issued securities companies through analysis and verification of the securities industry
Investigation and research on asset liability analysis and cash flow analysis of securities companies, and analysis of short-term corporate bonds of securities companies
The risk of default and the reasonable level of interest margin, and the independent and objective value of short-term corporate bonds of securities companies
assessment. The Fund Manager will, in accordance with the principle of prudence, develop a strict investment decision-making process and risk control system,
And approved by the Board of Directors to prevent credit risk, liquidity risk and other risks.
(3) Investment strategy of convertible bonds and exchangeable bonds
The value of convertible bonds and exchangeable bonds mainly depends on their equity value, bond value and embedded period
The Fund Manager will evaluate the value of convertible bonds and exchangeable bonds and choose
Invest in convertible bonds and exchangeable bonds with higher investment value.
（4） Investment strategies for other types of assets
With the permission of laws and regulations or regulators, the Fund will strictly control the investment risk
Appropriate participation in financial instruments such as asset-backed securities, stock index futures, financing and refinancing securities lending business
investment.
1. Asset backed securities investment strategy
Under the premise of strict risk control, the Fund will use individual bonds to select according to the needs of the Fund's asset management
Select strategies, transaction strategies, etc. for investment.
The Fund shall, through issuing institutions, guarantees, asset pool credit status and default of asset-backed securities
Rate, historical default record and loss ratio, securities credit risk grade, margin compensation degree, etc,
Form a comprehensive assessment of the risks and benefits of asset securities, and at the same time, according to the pricing model of asset-backed securities,
Determine suitable investment objects. In the management of asset-backed securities, the Fund has established a default volatility model
Evaluate the probability of possible default loss, track and evaluate asset-backed securities, so as to form an effective risk
Risk assessment and control.
2. Investment strategy of stock index futures
When investing in stock index futures, the Fund will, in accordance with the risk management principle,
Adopt the futures contracts with good liquidity and active trading, and study the operation trend of the securities market and futures market
Research, combine the pricing model of stock index futures to find a reasonable valuation level, match with spot assets
Over long or short hedging and other strategies. The Fund Manager will fully consider the stock index period
The profitability, liquidity and risk characteristics of goods, and the use of stock index futures to hedge systematic risks and special circumstances
Liquidity risk under such circumstances, such as large amount purchase and redemption; Leverage financial derivatives to reduce
The purpose of low portfolio overall risk.
3. Strategies for participating in financing and refinancing securities lending business
In order to better achieve the investment objectives, the Fund, on the premise of strengthening risk prevention and abiding by the principle of prudence
According to the needs of investment management, the Fund can participate in financing and refinancing securities lending business. The Fund will analyze the market
Market and portfolio risk return, investor type and structure, historical redemption of funds, securities lending
On the basis of liquidity and other factors, the investment opportunity, the scope, term and proportion of securities lending shall be reasonably determined.
If the laws and regulations related to financing and refinancing securities lending business change, the Fund will follow the latest provisions,
To comply with the above changes in laws, regulations and regulatory requirements. In the future, with the development and enrichment of investment tools
The Fund may, without changing its investment objectives and the risk return characteristics of the Fund, perform appropriate procedures to
Relevant investment strategies should be adjusted and updated, and announced in the prospectus update.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of the Fund's assets invested in stocks shall not be less than 90% of the Fund's assets
The asset ratio of several constituent stocks and alternative constituent stocks shall not be less than 80% of the non cash fund assets
Except in cases where it is restricted by regulations;
(2) At the end of each trading day of the Fund, after deducting the trading margin required to be paid for the stock index futures contract,
It shall maintain no less than 5% of the net asset value of the fund in cash or government bonds with a maturity of less than one year, of which
Cash does not include settlement provisions, deposits and subscription receivables;
(3) The Fund holds securities issued by a company whose market value does not exceed 10% of the net asset value of the Fund;
(4) All funds managed by the Fund Manager hold securities issued by one company, which shall not exceed the amount of the certificate
10% of the bonds, the fund varieties that invest in securities in full accordance with the composition ratio of the relevant index may not be subject to this
The proportion limit specified in the clause;
(5) The proportion of the Fund's investment in various types of asset-backed securities of the same original equity holder shall not exceed
10% of the net asset value of the Fund;
(6) The market value of all asset-backed securities held by the Fund shall not exceed the net asset value of the Fund
20％；
(7) The proportion of the same (referring to the same credit rating) asset-backed securities held by the Fund shall not exceed
10% of the size of asset-backed securities;
(8) All funds managed by the Fund Manager invest in various asset supports of the same original equity holder
Securities shall not exceed 10% of the total size of its various asset-backed securities;
(9) The Fund shall invest in asset-backed securities with a credit rating of BBB or above (including BBB).
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 be re evaluated
All of them will be sold within 3 months from the date of release of the level report;
(10) 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;
(11) The Fund's participation in stock index futures trading shall comply with the following investment proportion restrictions:
At the end of any trading day, the value of stock index futures contracts purchased held by the Fund shall not exceed the net assets of the Fund
10% of the value; The value of stock index futures contracts purchased and securities held by the Fund at the end of any trading day
The sum of the market value shall not exceed 95% of the net asset value of the fund. Among them, marketable securities refer to stocks, bonds (excluding
Government bonds with a maturity of less than one year), asset-backed securities, financial assets under resale agreements (excluding pledge
Style repurchase), etc; At the end of any trading day, the value of the sold stock index futures contracts held by the Fund shall not exceed
20% of the total market value of stocks held by the Fund; Shares traded (excluding closing positions) by the Fund on any trading day
Refers to that the transaction amount of the futures contract shall not exceed 20% of the net asset value of the fund on the previous trading day; Held by the Fund
The total (netting calculation) of the market value of some stocks and the value of the stock index futures contracts bought and sold accounted for
The proportion shall comply with the relevant provisions of the Fund Contract on the proportion of stock investment;
(12) The total market value of the Fund's active investment in liquidity restricted assets shall not exceed the net asset value of the Fund
15% of; Other than fund managers due to fluctuations in the securities market, stock suspension of listed companies, changes in fund size, etc
If the fund does not meet the limit of this proportion due to factors of
Investment;
(13) The Fund, private securities asset management products and other entities recognized by the CSRC are trading pairs
For reverse repurchase transactions, the qualification requirements for acceptable collateral should be consistent with the investment scope agreed in the Fund contract
Keep the enclosure consistent;
(14) The total asset value of the Fund shall not exceed 140% of the net asset value of the Fund;
(15) After the Fund participates in financing business, at the end of any trading day
The sum of the market values of other securities shall not exceed 95% of the net asset value of the fund;
(16) Where the Fund participates in refinancing securities lending business, it shall meet the following requirements:
The average daily net asset value of the fund shall not be less than 200 million yuan; The assets involved in refinancing securities lending business shall not exceed
30% of the net asset value of gold, and the securities lent with a lending period of more than 10 trading days are classified as liquidity restricted capital
Production; At the same time, the single securities that the Fund participates in lending business shall not exceed the total amount of such securities held by the Fund
50%, the average residual maturity of securities lending shall not exceed 30 days, and the average residual maturity shall be weighted by the market value
Average calculation;
(17) The proportion limit of the Fund's investment in depositary receipts shall be subject to the shares listed and traded in China
For the consolidated calculation of shares traded on the internal listing, laws and regulations or other regulations of the regulatory authority shall prevail;
(18) All open-ended funds managed by the Fund Manager hold tradable funds issued by a listed company
Shares shall not exceed 15% of the tradable shares of the listed company; All investment groups managed by the Fund Manager
The number of tradable shares jointly held by a listed company shall not exceed 30% of the tradable shares of the listed company;
Open ended funds that invest in securities in full accordance with the composition ratio of relevant indexes and recognized by the CSRC
The special investment portfolio of may not be subject to the above proportion restrictions;
(19) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
In addition to (2), (9), (12), (13) and (16) above, due to fluctuations in the securities and futures markets
Merger of securities issuers, change of fund size, adjustment of underlying index components, liquidity of underlying index components
If the investment proportion of the fund does not meet the above stipulated investment proportion due to factors other than restrictions on the fund manager
The fund manager shall make adjustment within 10 trading days, except for special circumstances stipulated by the CSRC.
Due to factors other than fund managers, such as fluctuations in the securities market, mergers of securities issuers, and changes in fund size
If the fund investment does not comply with the provisions of Item (16), the fund manager shall not add new lending business. Laws and regulations or
If the regulatory authority has other provisions, such provisions shall prevail.
The Fund Manager shall, within six months as of the effective date of the Fund Contract, make the proportion of the Fund's investment portfolio conform to
Relevant provisions of the mutual fund contract. During the above period, the investment scope and investment strategy of the Fund shall comply with
Agreement of the Fund Contract. The Fund Custodian's supervision and inspection of the Fund's investment shall commence on the effective date of this Fund Agreement
Start.
Laws and regulations or regulatory authorities cancel or change the above restrictions. If applicable to the Fund, the Fund Manager shall
After performing the appropriate procedures, the Fund's investment will no longer be subject to the relevant restrictions or the changed provisions.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, unless otherwise stipulated by laws and regulations or the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or a company with a significant stake in it or securities underwritten during the underwriting period, or
Those engaged in other major related party transactions shall comply with the investment objectives and investment strategies of the Fund, and follow the
The principle of giving priority to the interests of shareholders, preventing conflicts of interest, establishing and improving the internal approval mechanism and evaluation mechanism
Implement according to fair and reasonable market price. Relevant transactions must be approved by the fund custodian in advance and in accordance with the law
Disclosure of regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be subject to two thirds
Approved by the independent directors on. The Board of Directors of the Fund Manager shall review related party transactions at least every six months.
If laws and regulations or regulatory authorities make mandatory adjustments to the above prohibited acts and/or related transactions,
The Fund shall comply with laws and regulations or the provisions of the regulatory authorities; If laws and regulations or regulatory authorities modify or
The adjustment involves the Fund's prohibited behaviors and/or related transaction requirements, and such adjustment or modification is not mandatory
If the fund manager and the fund custodian reach an agreement, they may make adjustments in accordance with laws, regulations or regulatory authorities
Or the revised regulations, but the Fund Manager
Before the regulation, it shall perform the obligation of information disclosure to investors after performing appropriate procedures.
5、 Performance Benchmark
The benchmark for performance comparison of the Fund's investment portfolio is: Shanghai Science and Technology Innovation Board 100 Index yield × 95%+silver
Bank current deposit interest rate (after tax) × 5%.
In the future, if the underlying index does not meet the requirements (due to changes in index preparation methods such as component stock price fluctuations)
Except for circumstances where the underlying index fails to meet the requirements due to factors other than
In the event that the index compiling institution withdraws, the Fund Manager shall work for ten days from the date of such withdrawal
Report to the CSRC within days and propose solutions, such as changing operation mode, merging with other funds or
Terminate the fund contract, etc., and convene a general meeting of fund share holders to vote within 6 months
If the general meeting is not successfully held or the voting on the above matters is not passed, the Fund Contract shall be terminated.
From the time when the index compiling agency stopped compiling and publishing the underlying index to the time when the solution was determined, the fund management
According to the index information of the latest trading day provided by the index compilation agency
The principle of interest priority is to maintain the investment operation of the Fund.
However, if the change of the underlying index and performance benchmark has no material adverse impact on the fund investment (including but not
Limited to the name change of the preparation institution, index name change, etc.), then the Fund Manager may change after performing appropriate procedures
The target index and performance benchmark shall be announced in a timely manner.
6、 Risk return characteristics
The Fund is a stock index enhanced fund, whose expected risks and returns are higher than those of money market funds and bonds
Securities funds, hybrid funds.
7、 Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with the relevant provisions of the State, and ensure that
Protect the interests of fund share holders;
2. Do not seek to control the listed company;
3. It is conducive to the safety and appreciation of fund assets;
4. Not for itself, employees, authorized agents or any interested third party through connected transactions
People seek any improper benefits.
8、 Implementation and investment operation arrangement of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to convene a fund
Deliberation at the general meeting of unit holders.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions
The performance comparison benchmark, risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements and disposal changes of specific assets of side pocket accounts
See the provisions of the Prospectus for details of matters such as cash and payments that have a significant impact on investors' rights and interests.
Part XIII Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to the value of all kinds of securities and bills owned by the fund, the principal and interest of bank deposits and the
The total value of cash 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 or the Fund Manager shall open funds for the Fund in accordance with relevant laws, regulations and normative documents
Account, securities account and other special accounts required for investment. Special fund account opened and fund management
Own property accounts and other fund assets of the fund trustee, fund sales agency and fund registration agency
The production account is independent.
4、 Custody and disposal of fund assets
The assets of the Fund are independent of the assets of the Fund Manager, the Fund Custodian and the Fund Sales Agency, and
Custody by the gold custodian. The Fund Manager, the Fund Custodian, the Fund Registration Agency and the Fund Sales Agency shall
Some assets bear their own legal liabilities, and their creditors shall not apply for freezing or withholding of the Fund's assets
Pledge or other rights. Unless otherwise disposed of in accordance with laws and regulations and the Fund Contract, the Fund assets shall not be disposed of
Points.
The Fund Manager and the Fund Custodian were dissolved, dissolved or declared bankrupt according to law
In case of liquidation, the fund assets shall not belong to its liquidation assets. Assets of fund manager management and operation fund assets
The generated creditor's rights may not offset the debts generated by its inherent assets; Different bases for fund manager management and operation
The creditor's rights and liabilities arising from the fund assets of the fund shall not offset each other. Liabilities not due to the fund property itself,
It shall not enforce the fund assets.
Part XIV Valuation of Fund Assets
1、 Valuation date
The valuation date of the Fund is the trading date of the relevant securities exchange of the Fund and national laws and regulations
It is required to disclose the net value of the fund to the public on non trading days.
2、 Valuation object
Stocks, depositary receipts, bonds, asset-backed securities, 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 the same as the above investment varieties but have different characteristics
And consider the influence of different characteristic factors in the valuation technology. Feature refers to the sale or use of assets
If the limit is for the asset holder, the limit should not be made in the valuation technology
Consider the characteristics. In addition, the fund manager should not consider the risk of
Premium or discount.
（2） For investment varieties that do not have an active market, they should be suitable for the current situation and have enough
The fair value can be determined by using valuation techniques supported by data and other information. Use valuation techniques to determine fair price
The observable input value should be used preferentially, only when the observable input value of relevant assets or liabilities cannot be obtained
The unobservable input value can be used only when it is impracticable.
（3） In case of major changes in the economic environment or major events affecting the securities price of the securities issuer,
If the impact of the potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation should be
Adjust and determine the fair value.
4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) Securities (including stocks, etc.) listed on the stock exchange shall be listed on the stock exchange on the valuation date
Valuation of market price (closing price); There is no transaction on the valuation date, and there is no significant economic environment after the most recent transaction date
In case of change or no major event affecting the securities price occurs to the securities issuer, the market price of the latest trading day shall be used
(closing price) valuation; If there is sufficient evidence (significant impact on fair value measurement occurred after the latest trading day
Events, etc.) indicating that the quotation on the valuation date or the latest trading day cannot truly reflect the fair value, refer to similar
The current market price and major change factors of the investment variety, adjust the recent transaction market price, and determine the fair price;
(2) For the non equity fixed income varieties listed or transferred by the Exchange, select the third one on the valuation date
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 listed or transferred by 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 exchange includes the fixed income variety of the investor's right to sell back. If the right to sell back is exercised, it shall be registered in the sale
Select the unique valuation of the corresponding varieties provided by the third-party valuation benchmark service agency between the date of the actual payment
Valuation at full price or recommended valuation at full price; Failing to exercise the right of resale after the deadline (including the date) of the resale registration period
Evaluate according to the price corresponding to the long outstanding period;
(5) There is an active market for publicly issued convertible bonds listed on the exchange market
For bonds including equity conversion, the closing price on the valuation date is selected as the full valuation price for bonds subject to full price trading; Implement net
For bonds traded at, the closing price on the valuation date and the accrued interest per hundred yuan before tax shall be taken as the full valuation price;
(6) For the fixed income varieties that are not listed or transferred without listing and have no active market
The fair value is determined by the valuation technology that is applicable under the current situation and has sufficient available data and other information support
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 shall be determined using valuation techniques;
(3) The shares with a certain period of restricted sale shall be specified at the time of issuance, including but not limited to non-public issuance of shares
During the initial public offering of shares, the company's shareholders offered shares to the public, and obtained shares with limited sales period through block trading
Notes, excluding tradable restricted stocks such as suspended trading, newly issued unlisted, pledged bonds in repurchase transactions, etc
The fair value is determined according to the relevant regulations of the governing body or industry association.
3. For the fixed income varieties without rights in the national inter-bank market, the third-party valuation benchmark shall be used
The full price valuation of the corresponding varieties provided by the institution on the current day. For the types of fixed income with rights in the inter-bank market,
According to the unique full valuation or recommended valuation of the corresponding varieties provided by the third-party valuation benchmark service agency on the current day
Full price valuation. For fixed income varieties in the inter-bank market that include the investor's right to put back, if the right to put back is exercised
Select the corresponding varieties provided by the third-party valuation benchmark service agency between the resale registration date and the actual collection date
The only full valuation price or the recommended full valuation price for valuation; Not exercised after the closing date (inclusive) of the resale registration period
The value of the right to sell back is estimated according to the price corresponding to the long outstanding period.
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. The Fund's investment in stock index futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
6. If the Fund participates in financing and refinancing securities lending business, it shall comply with relevant laws, regulations and industry associations
The relevant provisions of the meeting.
7. The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
8. If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, value at the price that best reflects the fair value.
9. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to
Ensure the fairness of fund valuation.
10. If there are mandatory provisions in relevant laws and regulations and regulatory authorities, such provisions shall prevail. If there are new items,
Valuation according to the latest national regulations.
If the fund manager or the fund custodian finds that the fund valuation violates the valuation method and procedure specified in the fund contract
In case of the provisions of relevant laws and regulations or failure to fully protect the interests of fund share holders, it shall immediately notify
The other party shall jointly find out the cause, and the two parties shall solve it through consultation.
According to relevant laws and regulations, the obligations of the Fund Manager to calculate the net asset value of the Fund and to conduct financial accounting of the Fund are
Undertake. The fund manager is the fund accounting responsible party of the Fund
If no agreement can be reached after full discussion on the basis of equality between relevant parties
The Fund Manager shall publish the calculation results of the net value of the Fund.
5、 Valuation procedures
1. The net value of various fund units is calculated by dividing the net value of various fund assets by the current
The daily balance of such fund units shall be calculated to the nearest 0.0001 yuan, and the fifth digit after the decimal point shall be rounded off
And the resulting errors shall be included in the fund assets. The fund manager can set the net value in the case of large redemption
Precision emergency adjustment mechanism. Where laws and regulations provide otherwise, such provisions shall prevail.
The Fund Manager shall calculate the net asset value of the Fund and the net value of various fund units on each valuation date, and shall publish
Notice.
2. The Fund Manager shall value the assets of the Fund on each valuation date. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the Fund Agreement. After the Fund Manager evaluates the assets of the Fund on each valuation date,
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 publish it to the public as required.
6、 Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of any type of fund unit is within 4 decimal places (including the 4th decimal place)
If the valuation is wrong, it shall be deemed that the net value of such fund units is wrong.
In case of valuation error, the parties to the Fund Contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
The error in valuation caused by the fault of the selling institution, securities broker (if involved), or investors themselves
If the other party suffers losses, the person responsible for the fault shall be responsible for
The loss party ") shall be compensated and liable for the direct loss according to the following" Principles for Handling Valuation Errors ".
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. For errors caused by technical reasons, if
If the existing technical level of the same industry is unforeseeable, unavoidable or insurmountable, it is force majeure
Implementation of the above provisions:
The investor's transaction information is lost or wrongly handled or other problems are caused due to force majeure
Wrong, the party who made an error due to force majeure shall not be liable for compensation to other parties, but
The party who wrongly obtains the unjust enrichment shall still have the obligation to return the unjust enrichment.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the liability for valuation error
Party A shall compensate the loss of the injured party, and shall, within the scope of the amount of compensation paid
People have the right to demand the delivery of unjust enrichment; If the party who has obtained the unjust enrichment has wronged this part
If the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has received to the amount of unjust gains it has received
The difference between the total return of interest and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of any type of fund unit, the Fund Manager shall immediately correct it,
Notify the Fund Custodian and take reasonable measures to prevent further expansion of losses.
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The fund manager shall notify the fund custodian, make an announcement, and report to the CSRC for the record.
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions. If line
In other general practice, the Fund Manager and the Fund Custodian shall act on the basis of equality and protect the interests of Fund Unitholders
The principle of benefit shall be consulted.
7、 Suspension of valuation
1. The securities and futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances stipulated by laws and regulations, recognized by the CSRC and the fund contract.
8、 Recognition of net fund value
The fund manager is responsible for calculating the net fund value information used for fund information disclosure, and the fund custodian is responsible for
Review. The Fund Manager shall calculate the net value of the Fund on each valuation day after the end of the transaction and
To the Fund Custodian. The Fund Custodian shall review and confirm the net value calculation result and send it to the Fund Manager
The Fund Manager shall publish the net value of the Fund in accordance with the provisions.
9、 Handling of special cases
1. Errors caused by the Fund Manager and the Fund Custodian when conducting valuation according to Item 8 of the valuation method
The difference is not treated as an error in the valuation of fund assets.
2. Due to securities, futures exchanges, index compiling institutions, securities brokers (if involved) and registration
Data sent by third-party institutions such as clearing companies is incorrect, or due to changes in national accounting policies or market rules
The Fund Manager and
Although the Fund Custodian has taken necessary, appropriate and reasonable measures to check, it has failed to find the error
The Fund Manager and the Fund Custodian shall be exempted from the liability for compensation for any error in the valuation of the Fund assets caused by such error. But the fund
The Manager and the Fund Custodian shall actively take necessary measures to eliminate or mitigate the impact caused thereby.
10、 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 fund net value information of the main pocket account, and suspend the disclosure of the fund unit net value of the side pocket account.
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 for Class C fund units;
4. Information disclosure fees related to the Fund after the Fund Contract takes effect, laws and regulations, CSRC
Unless otherwise specified;
5. Accounting fees, attorney fees, notarial fees, arbitration fees and
Legal costs;
6. Expenses for the general meeting of fund share holders;
7. Fees for securities, futures trading or settlement of the Fund;
8. Bank transfer fees of the Fund;
9. Fund account opening fees and account maintenance fees;
10. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
2、 Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at the annual fee rate of 0.6% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H=E × 0.6% ÷ 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
After the Fund Custodian and the Fund Manager have verified that there is no error, the Fund Custodian shall negotiate with the Fund Manager in the following month
It shall be paid to the fund manager in a lump sum from the fund property within the first five working days. In case of legal holidays and public holidays
Date of payment shall be postponed accordingly.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.1% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.1% ÷ 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
After the Fund Custodian and the Fund Manager have verified that there is no error, the Fund Custodian shall negotiate with the Fund Manager in the following month
One time withdrawal from the fund property within the first five working days. In case of legal holidays, public holidays, etc., the payment date
The period shall be postponed.
3. Sales service fee
There is no sales service fee for Class A fund units of the Fund, and annual sales service fee for Class C fund units
The rate is 0.30%. The sales service fee of the Fund is 0.30% of the net asset value of Class C fund shares on the previous day
Accrual of annual fee rate. The calculation method is as follows:
H ＝ E × 0.30% ÷ days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The sales service fee is accrued daily, accumulated day by day to the end of each month, and paid monthly
After the Fund Custodian and the Fund Manager have verified that there is no error, the Fund Custodian shall negotiate with the Fund Manager in the following month
One time payment from the fund property to the fund manager within the first five working days and paid by the fund manager on behalf
All fund sales agencies. In case of legal holidays, public holidays, etc., the payment date shall be postponed.
Items 4-10 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. The licensing fee of the underlying index of the fund (borne by the fund manager);
5. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
4、 Fund expenses during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the expenses related to the side pocket account can be disbursed from the side pocket account, but
It can be disbursed only after the assets of the side pocket account are realized, and the relevant fees can be charged or reduced as appropriate, but cannot be charged
See the provisions of the Prospectus for details of fee management.
5、 Fund tax
All taxpayers involved in the operation of the Fund shall pay taxes in accordance with national tax laws and regulations
that 's ok. The relevant taxes on the investment of fund assets shall be borne by the fund share holders and deducted by the fund manager or others
The payer shall withhold and remit the tax in accordance with the relevant provisions of the state on tax collection.
Part XVI Income and Distribution of the Fund
1、 Composition of fund profits
Fund profit refers to fund interest income, investment income, income from changes in fair value and other income deduction
As for the balance after expenses, the realized income of the fund refers to the balance of the fund profit minus the income from changes in fair value.
2、 Profit available for distribution of the fund
The distributable profit of the fund refers to the undistributed profit and undistributed profit of the fund as of the base date of income distribution
The lower of the realized income.
3、 Principle of fund income distribution
1. On the premise of meeting the conditions for fund dividends, the Fund Manager may, according to the actual situation
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 entered into
Bank 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 reinvestment of cash dividends automatically into fund units of the corresponding category; If investors do not choose,
The Fund's default income distribution method is cash dividends; Fund share holders may apply to Class A and Class C funds
Different dividend methods are selected for shares;
3. Since Class A fund units of the Fund do not charge sales service fees, while Class C fund units are charged for cancellation
Selling service fee, the distributable profits corresponding to the fund units of each category will be different, and this fund belongs to the same category
Each fund unit has the same right of distribution;
4. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
Provided that it does not violate laws and regulations and has no material adverse impact on the interests of fund share holders,
The Fund Manager may adjust the above principles of fund income distribution at its discretion after performing appropriate procedures, but it shall make changes to
Announce in the specified media before implementation.
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
Determine the media announcement.
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
Definitely.
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
And confirmed in writing.
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 as required.
Part XVIII Fund Information Disclosure
1、 The information disclosure of the Fund shall comply with the Fund Law, the Operating Measures, the Information Disclosure Measures
Liquidity Risk Management Regulations, Fund Contract and other relevant regulations. Information about relevant laws and regulations
In case of any change in the disclosure provisions, the Fund shall comply with its latest provisions.
2、 Information disclosure obligor
The information disclosure obligors of the Fund include the Fund Manager, the Fund Custodian and the convening fund unit holders
Fund Unitholders and other laws and regulations of the General Meeting and natural persons, legal persons and groups of non legal persons as stipulated by the CSRC
Woven.
The information disclosure obligor of the Fund takes the protection of the interests of fund share holders as the fundamental starting point, and in accordance with the law
Disclose fund information in accordance with regulations and the provisions of the CSRC, and ensure the authenticity, accuracy
Completeness, timeliness, simplicity and accessibility.
The information disclosure obligor of the Fund shall, within the time specified by the CSRC, submit the fund letter that should be disclosed
National newspapers and periodicals (hereinafter referred to as "regulated newspapers and periodicals") that meet the requirements of the CSRC and
Internet websites (hereinafter referred to as "regulated websites") and other media as specified in the Measures for Information Disclosure, and guarantee that
Fund investors can consult or copy the letter of public disclosure according to the time and method agreed in the Fund Contract
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
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. Information of the Fund Prospectus after the Fund Contract takes effect
In case of major changes, the Fund Manager shall update the Fund Prospectus and publish it within three working days
On the specified website; If other information in the prospectus changes, the fund manager shall update it at least annually
once. If the Fund terminates its operation, the Fund Manager will no longer update the Prospectus of the Fund.
3. The Fund Custody Agreement defines the fund custodian and the fund manager in the custody of the fund property and the operation of the fund
Legal documents on rights and obligations in supervision and other activities.
4. The fund product information summary is a summary document of the fund prospectus, which is used to provide investors with a brief summary
General information of the fund. After the Fund Contract comes into force, the information in the fund product information summary has changed significantly
Furthermore, the fund manager shall update the summary of fund product information within three working days and publish it in the regulations
Website and fund sales agency website or business outlet; In case of any change in other information of the fund product profile,
The Fund Manager shall be updated at least once a year. If the operation of the fund is terminated, the fund manager will no longer update the fund products
Data summary.
After the fund raising application is registered with the CSRC, the fund manager shall,
Publish the announcement of the sale of fund units, the indicative announcement of the fund prospectus, and the indicative announcement of the Fund Contract
It shall be published in the required newspapers and periodicals, and the fund unit sale announcement, fund prospectus, fund product information summary
The Fund Contract and the Fund Custody Agreement are published on the specified website, and the summary of fund product information is published on
Website or business outlet of fund sales agency; The Fund Custodian shall simultaneously place the Fund Contract and the Fund in custody
The agreement is published on the specified website.
（2） Fund Unit Offering Announcement
The Fund Manager shall prepare an announcement on the sale of fund units on the specific matters concerning the sale of fund units, and
The prospectus was published on the specified media on the day of disclosure.
（3） Announcement on the Effectiveness of the Fund Contract
The Fund Manager shall, on the next day after receiving the confirmation document from the CSRC, publish the Fund on the specified media
Announcement of the effectiveness of the Contract. The announcement on the effectiveness of the fund contract shall state the fund raising, the fund manager and the fund
Fund shares and commitments held by senior managers, fund managers and other personnel of the manager and shareholders of the fund manager
The term of commitment.
（4） Net fund value information
After the Fund Contract comes into force and before the subscription or redemption of fund units, the Fund Manager shall
The net value of various fund units and the cumulative net value of fund units shall be disclosed at least once a week on the specified website.
After the Fund Contract comes into force and the subscription or redemption of fund units begins, the Fund Manager shall
On or before the next day of each open day
Disclose the net value of various fund units and the accumulated net value of fund units on the opening day.
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.
（5） Subscription and redemption price of fund units
The Fund Manager shall upload the base fund in the Fund Contract, Prospectus and other information disclosure documents
The calculation method of amount subscription and redemption price and relevant subscription and redemption rate, and ensure that investors can
The website or business outlet of the sales agency looks up or copies the above information.
（6） Regular reports of the Fund, including annual reports, interim reports and quarterly reports of the Fund
The Fund Manager shall complete the annual report of the Fund within three months from the end of each year
The annual report is published on the specified website, and the advisory announcement of the annual report is published on the specified newspaper. Fund year
The financial accounting report in the report shall be certified by an accountant meeting the provisions of the Securities Law of the People's Republic of China
Audit by the office.
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.
The Fund Manager shall disclose the Fund Manager
The fund manager's senior managers, fund managers and other personnel, as well as the fund manager's shareholders' shares
Term and changes in the period. If the laws and regulations or the CSRC provide otherwise in the future, the provisions shall prevail.
In the report period, if a single investor holds 20% or more of the total fund shares
In order to protect the rights and interests of other investors, the fund manager shall at least report regularly on "influencing investors' decisions"
The category, holding shares and proportion at the end of the reporting period, and report of the investor are disclosed under "Other important information of the policy"
Changes in shares held during the period and the unique risks of the Fund, except for special circumstances recognized by the CSRC.
The fund manager shall disclose the fund portfolio assets and their
Liquidity risk analysis, etc.
（7） Interim report
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 Fund Manager changes the actual control of shareholders holding more than 5% of the equity and the Fund Manager
Person change;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. Senior management of the fund manager, fund manager and special fund custody department of the fund custodian
The person in charge changes;
10. The directors of the Fund Manager have changed by more than 50% in the last 12 months; 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 management business, fund property and 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 amounts to 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 fund subscription and redemption events or potential impact on investors' redemption occur;
22. The Fund Manager adopts the swing pricing mechanism for valuation;
23. Adjust the category of fund units;
24. If the Fund Contract continues to exist after three years of effectiveness, it will appear for 30, 40 and 45 consecutive working days
The number of fund unit holders is less than 200 or the net asset value of the fund is less than 50 million yuan;
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.
（8） Clarification announcement
During the duration of the Fund Contract, any public media or market circulation
The interest may have a misleading impact on the price of fund shares or cause major fluctuations, and may damage the fund shares
If the rights and interests of the relevant information disclosure obligor are known, it shall immediately make public clarification on the information.
（9） 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.
（10） Liquidation report
In case of termination of the Fund contract, the Fund Manager shall organize a liquidation group according to law to review the Fund assets
Bank liquidation and make liquidation report. The liquidation report shall comply with the provisions of the Securities Law of the People's Republic of China
And the law firm shall issue a legal opinion. The liquidation group shall report the liquidation
The notice shall be published on the specified website, and the suggestive notice of the liquidation report shall be published on the specified newspaper.
（12） Information disclosure of fund investment in stock index futures
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
(update) and other documents, including trading policies, positions, profits and losses
Risk indicators, and fully reveal the impact of stock index futures trading on the overall risk of the fund and whether it conforms to the established
The transaction policy and transaction target.
（13） Information disclosure of fund investment in asset-backed securities
The Fund Manager shall disclose the total amount of asset-backed securities held by it in the Fund's annual report and interim report
Amount, the proportion of the market value of asset-backed securities in the net assets of the fund, and the details of all asset-backed securities during the reporting period.
The Fund Manager shall disclose the total amount of asset-backed securities and asset-backed securities held by it in the quarterly report of the Fund
The proportion of the market value of securities in the net assets of the fund and the ranking by the proportion of the market value in the net assets of the fund at the end of the reporting period
Details of the top 10 asset-backed securities.
（14） Information disclosure of fund participation in financing and refinancing securities lending business
When the Fund participates in the financing and refinancing securities lending business, the Fund Manager shall make quarterly reports and interim reports
The participation in financing and refinancing is disclosed in regular reports such as reports and annual reports, and in prospectuses (updates) and other documents
Transaction of securities lending business, including investment strategy, business development, profit and loss, risk and
Management, and major related party transactions occurred in the refinancing securities lending business of the Fund during the reporting period
Matters shall be explained in detail.
（15） Information disclosure during the implementation of the side pocket mechanism
Where the Fund implements the side pocket mechanism, relevant information disclosure obligors shall, in accordance with laws, regulations and fund contracts
And the prospectus. See the prospectus for details.
（16） 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 asset value of the fund units of all types of fund units, and the fund shares prepared by the fund manager
Subscription and redemption price, regular fund report, updated prospectus, summary of fund product information, fund
The liquidation report and other relevant fund information shall be reviewed, and confirmed 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.
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.
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.
Special purpose of issuing audit report and legal opinion for the fund information publicly disclosed by the fund information disclosure obligor
Business institutions shall prepare working papers and keep relevant files at least 10% after the termination of the Fund Contract
Years.
7、 Storage and reference of information disclosure documents
After the release of the information that must be disclosed according to law, the Fund Manager and the Fund Custodian shall comply with the relevant laws and regulations
The regulations require that information be kept in their respective residences for public reference and reproduction.
8、 Suspension or delay of information disclosure
The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund related letters in the following circumstances
Information:
1. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
2. The securities and futures trading market involved in the fund investment is suspended on statutory holidays or for other reasons
Business hours;
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. Laws and regulations, the 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 fund contract involves the provisions of laws and regulations or the fund contract shall be held by fund units
In case of matters passed by the resolution of the National People's Congress, a general meeting of fund unit holders shall be convened for resolution. For legal law
Matters that may not be passed by the General Meeting of Fund Unitholders as stipulated in the Regulations and the Fund Contract shall be managed by the Fund
The Manager and the Fund Custodian agree to make changes and make an announcement.
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. If the net asset value of the fund is less than 200 million yuan on the date when the fund contract comes into effect for three years (the natural date);
Or if the Fund Contract continues to exist after three years of its effectiveness, the fund shares will be held for 50 consecutive working days
The number of persons is less than 200, or the net asset value of the fund is less than 50 million yuan;
4. The underlying index does not meet the requirements (except for changes in index compilation methods such as component stock price fluctuations
Unless otherwise specified by laws, regulations and regulators)
In case of exit of the index compiling institution, the fund manager shall convene a general meeting of fund share holders to carry out the solution
Voting: the general meeting of fund share holders is not successfully held or the voting on the above matters is not passed;
5. Other circumstances stipulated in the Fund Contract;
6. 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 Assets Liquidation Team shall take over the Fund assets in a unified manner;
(2) Liquidate and confirm the fund assets, claims and debts;
(3) Valuation and realization of fund assets;
(4) Prepare liquidation report;
(5) Employ an accounting firm conforming to the provisions of the Securities Law of the People's Republic of China to review the liquidation report
Conduct external audit and hire a law firm to issue a legal opinion on the liquidation report;
(6) Submit the liquidation report to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
5. The time limit for the liquidation of the Fund's assets is six months, but 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 a public announcement within 5 working days after the case, and 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 assets liquidation account book and relevant documents shall be kept by the fund custodian for a period not less than the statutory minimum
Term.
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
economic loss. However, the party concerned shall be exempted from liability in the following circumstances:
1. The Fund Manager and the Fund Custodian shall comply with the then effective laws and regulations or the provisions of the CSRC
Losses caused by acts or omissions;
2. The Fund Manager exercises or does not exercise its rights due to the investment principles specified in this Fund Contract
Losses caused by investment rights, etc;
3. Force majeure.
2、 To protect the interests of fund share holders to the greatest extent in the event of breach of contract by one or more parties
If the Fund Contract can continue to be performed, it shall continue to be performed. The non defaulting party is in office
Within the scope of responsibility, it is obliged to take necessary measures in time to prevent the expansion of losses. Failure to take appropriate measures resulted in
If the loss is further expanded, no claim may be made for compensation for the expanded loss. The non defaulting party paid for preventing the loss from expanding
The reasonable expenses incurred shall be borne by the defaulting party.
3、 Due to factors beyond the control of the Fund Manager and the Fund Custodian, business errors occur
Although the Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they fail to
If errors are found or cannot be avoided or corrected due to the above reasons, resulting in losses of fund assets or investors,
The Fund Manager and the Fund Custodian shall be exempted from liability for compensation. However, the Fund Manager and the Fund Custodian shall actively adopt
Take necessary measures to eliminate or mitigate the impact.
Part XXI Dispute Settlement and Applicable Law
All parties agree that all disputes arising from or in connection with the Fund Contract
If no settlement can be reached through friendly negotiation, either party has the right to submit the dispute to China International Economic and Trade Arbitration
The Arbitration Commission shall conduct arbitration in accordance with its then effective arbitration rules, and the place of arbitration shall be Beijing. arbitration award
It is final and binding on all parties to the arbitration. Unless otherwise specified in the arbitration award, the arbitration fee
It shall be borne by the losing party.
During the settlement of disputes, the parties shall abide by their respective responsibilities and continue to perform faithfully, diligently and responsibly
To carry out the obligations specified in the fund contract and safeguard the legitimate rights and interests of fund unit holders.
The Fund Contract is governed by the laws of China (for the purpose of this Fund Contract, excluding Hong Kong Special Administrative Region
The laws of the Macao Special Administrative Region and Taiwan shall govern and be interpreted in accordance with them.
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 and go through the fund filing formalities with the CSRC through the fund manager after the end of the offering, and
It 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.