Tianhong Financial Preferred Hybrid Sponsored Securities Investment Fund Fund Contract
Fund Manager: Tianhong Fund Management Co., Ltd
Fund Custodian: Ping An Bank Co., Ltd
catalog
Part I Foreword two
Part II Definition five
Part III Basic Information of the Fund eleven
Part IV Sale of Fund Units thirteen
Part V Fund Filing fifteen
Part VI Subscription and Redemption of Fund Units seventeen
Part VII Parties to the Fund Contract and Their Rights and Obligations twenty-seven
Part VIII General Meeting of Fund Unitholders thirty-five
Part IX Replacement Conditions and Procedures of Fund Manager and Fund Custodian forty-four
Part X Custody of the Fund forty-seven
Part XI Registration of Fund Units forty-eight
Part XII Investment of the Fund fifty
Part XIII Assets of the Fund fifty-nine
Part XIV Valuation of Fund Assets sixty
Part XV Fund Fees and Taxes sixty-seven
Part XVI Income and Distribution of the Fund seventy
Part XVII Accounting and Audit of the Fund seventy-two
Part XVIII Information Disclosure of the Fund seventy-three
Part XIX Change and Termination of the Fund Contract and Liquidation of the Fund Assets eighty-one
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 and Management of Publicly Offered Securities Investment Funds
Measures (hereinafter referred to as "Operation Measures"), Supervision and Administration of Publicly Offered Securities Investment Fund Sales Agencies
Measures (hereinafter referred to as "Sales Measures"), Administrative Measures for Information Disclosure of Publicly Raised Securities Investment Funds
(hereinafter referred to as "Information Disclosure Measures"), "Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds"
Provisions on Liquidity Risk Management (hereinafter referred to as "Provisions on Liquidity Risk Management") and other relevant laws and regulations.
3. The 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 Financial Preferred Hybrid Sponsored Securities Investment Fund is managed by the fund manager in accordance with the Fund Law
The fund contract and other relevant regulations have been raised and approved by the China Securities Regulatory Commission (hereinafter referred to as "China
CSRC).
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 redemption of fund shares and other circumstances beyond the control of the fund manager
Except for those that result in passivity reaching or exceeding 50%. If laws and regulations or regulatory agencies have other provisions, such provisions shall prevail.
7、 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.
8、 If the Fund invests in the relevant stock market trading interconnection mechanism pilot, the rules for trading are as follows:
Shares listed on the Stock Exchange of Hong Kong (hereinafter referred to as "Hong Kong Stock Standard Shares") within the scope will face Hong Kong stocks
Special risks arising from differences in investment environment, investment object, market system and trading rules under the general mechanism,
Including the risk of large stock price fluctuations in the Hong Kong stock market (the Hong Kong stock market implements T+0 turnaround trading, and does not
The stock price of Hong Kong shares may show more drastic fluctuations than that of A-shares if the price limit is set
The fluctuation of the rate may cause losses to the investment income of the fund), and the incoherence of trading days under the Hong Kong Stock Connect mechanism may cause
Risk (when the mainland opens and the Hong Kong market is closed, the Hong Kong Stock Connect cannot be traded normally and Hong Kong shares cannot be sold in time
May bring some liquidity risk). For specific risks, please refer to the "Foundation" in the Prospectus
The specific contents of the chapter "Risk warning of gold".
9、 The lower limit of the proportion of the Fund to invest in Hong Kong stocks is zero, that is, the Fund can invest in Hong Kong stocks according to its investment strategy
Select to invest part of the fund assets in Hong Kong stocks under the general standard when the market environment needs or changes in different allocation places
Or choose not to invest the fund assets in Hong Kong stocks, which are not necessarily invested in Hong Kong stocks
Shares.
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 activated. See the relevant sections of the fund contract and prospectus for details.
During the implementation of the side pocket mechanism, the fund manager will carry out special identification for the fund abbreviation, and investors shall not handle the side pocket mechanism
Purchase and redemption of pocket account shares and other businesses. Please read the relevant content carefully and pay attention to the Base
Specific risks when Jinqi uses the side pocket mechanism.
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 Financial Preferred Hybrid Sponsored Securities Investment Fund
2. Fund Manager: Tianhong Fund Management Co., Ltd
3. Fund Custodian: Ping An Bank Co., Ltd
4. Fund contract or the Fund contract: refers to Tianhong Financial Preferred Hybrid Sponsored Securities Investment Fund
Fund Contract and any effective amendments and supplements to the Fund Contract
5. Custody Agreement: refers to the Tianhong Financial Preference signed between the Fund Manager and the Fund Custodian for the Fund
Custody Agreement of Hybrid Sponsored Securities Investment Fund and any effective amendments and supplements to the Custody Agreement
6. Prospectus: refers to the Prospectus of Tianhong Financial Preferred Hybrid Sponsored Securities Investment Fund
And its updates
7. Summary of fund product information: refers to Tianhong Financial Preferred Hybrid Sponsored Securities Investment Fund
Product Data Summary and its updates
8. Fund unit offering announcement: refers to Tianhong Financial Preferred Hybrid Sponsored Securities Investment Fund
Unit Offering Announcement
9. Laws and regulations: refer to the laws, administrative regulations, normative documents
Judicial interpretations, administrative rules and other decisions, resolutions and notices that are binding on the parties to the fund contract
10. Fund Law: refers to the 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 of the People's Republic of China 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 on March 20, 2020, 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, the same year
Provisions on Liquidity Risk Management of Publicly Offered Open ended Securities Investment Funds implemented on October 1 and promulgated
As amended from time to time by the Authority
15. Hong Kong Stock Connect: refers to a securities trading service company established by mainland investors through domestic stock exchanges,
Declare to the Stock Exchange of Hong Kong to buy and sell shares listed on the Stock Exchange of Hong Kong within the specified scope
Change mechanism, or modification or adjustment of the trading mechanism by the authority
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 complies with the Sales Measures and the CSRC
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: it refers to the account opened by the sales agency for the investor to record the investor's passing through the sales machine
Fund shares arising from the organization's handling of subscription, subscription, redemption, conversion, custody transfer, fixed investment and other businesses
Accounts for changes in amounts and balances
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 (if
If the Fund participates in the trading of Hong Kong Stock Connect and the working day is not a trading day of Hong Kong Stock Connect, the Fund Manager can
The circumstances determine whether the Fund is open to subscription, redemption and conversion business, which will be issued in accordance with laws and regulations
The announcement shall prevail)
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 business rules on the registration of open-ended securities investment funds managed by the Fund Manager shall be
Jointly abide by with 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. Massive redemption: refers to the net redemption application of the Fund on a single open day (the total number of redemption application units
Add the total number of transferred out application units in fund conversion and deduct the total number of subscription application units and transferred in in fund conversion
The balance after the total number of applied shares) exceeds 10% of the total fund shares of the previous working day
47. RMB: refers to RMB
48. 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
49. Total value of fund assets: refers to various securities owned by the fund, principal and interest of bank deposits, and fund receivables
Total value of funds and other assets
50. Net Asset Value of the Fund: the value of the total asset value of the Fund minus the liabilities of the Fund
51. 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
52. 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
53. Liquidity restricted assets: refer to assets that cannot be used due to laws and regulations, supervision, contracts or operational barriers
Assets realized at reasonable prices, including but not limited to reverse repos 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
54. Swing pricing mechanism: when the Fund is subject to large purchase and redemption, the net amount of fund units will be adjusted
The market shock cost of the fund's adjusted portfolio is allocated to the investors who actually subscribe and redeem,
So as to reduce the adverse impact on the interests of stock fund share holders and ensure that the legitimate rights and interests of investors are not damaged
Harm and get fair treatment
55. 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
56. Force majeure: refers to the objective that the parties to the Fund contract cannot foresee, avoid and overcome
event
57. 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
58. Originating fund: refers to the fund manager's shareholder funds, the fund manager's own funds, and the fund manager
Funds subscribed by senior managers or fund managers. Amount of the fund subscribed by the initiating capital
Not less than 10 million yuan, and the holding period of subscribed fund units held by the initiating fund is from the fund contract
Not less than three years from the effective date
59. 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 3 years from the effective date of the fund contract
Managers, senior managers of fund managers or fund managers
60. Sales service fee: refers to the amount withdrawn from the fund property for marketing, sales and
Service fees for fund share holders
61. Types of Fund Units: The Fund divides the Fund units into different
category
62. Class A fund share: refers to the front end subscription/subscription fees charged by investors when subscribing/subscribing to the fund
At the time of redemption, the redemption fee shall be charged according to the holding period, and the sales service fee shall not be withdrawn from the fund property of this category
Fund shares of
63. Class C fund units: refers to the withdrawal of sales service fees from the fund assets of this category, without subscription/
Subscription fees, the fund units for which redemption fees are charged according to the holding period at the time of redemption
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: (1) there is no active market price for reference and the use of valuation techniques still leads to
Assets with significant uncertainty in fair value; (2) Measured at amortized cost and provision for asset impairment is still made
Assets that lead to significant uncertainty of asset value; (3) Other assets with significant uncertainty
assets
Part III Basic Information of the Fund
1、 Fund name
Tianhong Financial Preferred Hybrid Sponsored Securities Investment Fund
2、 Category of fund
Hybrid securities investment fund
3、 Operation mode of the fund
Contractual and open
4、 Investment objectives of the Fund
The Fund invests in securities related to financial preference subject, on the premise of strictly controlling portfolio risk
Next, pursue long-term stable appreciation of fund assets.
5、 Total minimum raised amount of the Fund
The Fund is an initiating fund, and the amount subscribed by the initiating fund provider is not less than 10 million yuan
RMB, and the holding period shall not be less than 3 years from the effective date of the fund contract
Unless otherwise specified.
6、 Selling face value and subscription fees of fund units
The selling face value of the Fund units is RMB 1.00.
The subscription rate of Class A fund units of the Fund shall be subject to the provisions of the Prospectus and the summary of fund product information
Execution. There is no subscription fee for Class C fund units.
7、 Duration of the Fund
Irregular
8、 Fund share category
The Fund divides the Fund units into different categories according to the different charging methods.
Front end subscription/subscription fees are charged at the time of investor subscription/subscription, and are charged at the time of redemption according to the holding period
Redemption fees, which are no longer withdrawn from the fund property of this category, are called Class A fund units;
No subscription/subscription fee is charged, but the sales service fee is withdrawn from the fund property of this category
The redemption fees charged according to the holding period are called Class C fund units.
Fund codes are set separately for Class A and Class C fund units of the Fund, and fund units are calculated and announced separately
Net value and cumulative net value of fund units.
When subscribing/subscribing for fund units, investors can choose the type of fund units by themselves.
Within the scope of laws and regulations and the Fund Contract, and without holding human rights interests in fund shares
In case of material adverse effects, according to the actual operation of the Fund, after performing appropriate procedures
The Manager may add new fund share categories and adjust existing fund shares upon consensus with the Fund Custodian
The classification methods and rules for the amount category, or the suspension of the sale of existing fund unit categories, or the adjustment of fund units
This adjustment does not need to convene a general meeting of fund share holders, but must be reported to the CSRC for filing.
Part IV Sale of Fund Units
1、 The time, method and target of offering fund units
1. Sale time
The maximum period of time from the date of sale of fund units shall not exceed 3 months. See the specific time of sale of fund units
Notice.
2. Way of sale
It is publicly sold through the fund sales outlets of each sales agency. See the fund management for the specific list of each sales agency
Manager website.
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 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 fund subscription fee shall not be included in the fund property. Class C fund units are not recognized
Purchase fees.
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 fund sales agency does not necessarily mean that the application is successful, but only represents the sales machine
The organization has indeed received the subscription application. The confirmation of the subscription application shall be subject to the confirmation result of the registration authority. For subscription
Investors shall timely inquire about the application and confirmation of subscription shares and properly exercise their legal rights. Otherwise, by
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 raising period, and the subscription fee for Class A fund units shall be
Each subscription application shall be calculated separately, but the accepted subscription application shall not be revoked.
5. If the cumulative number of fund units subscribed by a single investor of the Fund reaches or exceeds the total number of fund units
50% (the fund manager, senior management of the fund manager or fund manager and other personnel shall be withdrawn as the initiating fund
Except the supplier), the fund manager may limit the subscription application of the investor by means of proportional confirmation
System. The Fund Manager's acceptance of a certain subscription application or some subscription applications may lead investors to avoid the aforementioned 50% in disguised form
The Fund Manager has the right to reject all or part of such subscription applications if the proportion requires. Basis subscribed by investors
The amount of funds shall be subject to the confirmation of the registration authority after the fund contract takes effect.
4、 Subscription of initiating funds
The origination fund provider subscribes to the Fund with an amount of no less than 10 million yuan, and
The fund units subscribed by the fund shall be held for at least 3 years from the effective date of the fund contract
Unless otherwise stipulated by the CSRC. See the Fund Manager's announcement at that time for the subscription of the Fund's launching fund
Announcement of.
Part V Fund Filing
1、 Conditions for Fund Filing
The amount of the Fund subscribed to the Fund with the launching fund within three months from the date of the sale of the Fund units
Not less than 10 million yuan, and the holding period of the fund units that the sponsor committed to subscribe for is from
At least 3 years from the effective date of the gold contract, the fund raising period expires or the fund manager
The laws and regulations and the prospectus may decide to stop the sale of the fund and employ a statutory capital verification agency to verify the capital within 10 days,
The capital verification report shall specifically describe the originator and its shares
Go through the fund filing procedures with the CSRC within 10 days. If the fund raising meets the requirements for fund filing,
From the date when the Fund Manager completes the fund filing procedures and obtains the written confirmation from the CSRC
The Contract takes effect; Otherwise, the Fund Contract will not take effect. After receiving the confirmation document from the CSRC, the Fund Manager
The effectiveness of the Fund Contract shall be announced the next day. The Fund Manager shall
The funds deposited in the special account shall not be used by anyone before the end of the fund raising.
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 investors within 30 days after the expiration of the fund raising period, plus the bank
Current deposit interest in the same period (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, the Fund Contract shall
Termination, it is not necessary to convene a general meeting of fund share holders for deliberation, and the general meeting of fund share holders shall not be convened
The way of continuation. If the laws and regulations or the provisions of the CSRC change at that time, the above termination provisions will be taken
In case of cancellation, modification or supplement, the Fund may refer to the then effective laws and regulations or the provisions of the CSRC.
If the fund contract continues to exist 3 years after it comes into effect, there will be fund share holders for 20 consecutive working days
If the number is less than 200 or the net asset value of the fund is less than 50 million yuan, the fund manager shall
Disclosed in the periodic report; In case of the above circumstances for 60 consecutive working days, the Fund Manager shall
Report to the CSRC within working days and propose solutions, including continuous operation and conversion operation
Method of operation, merger with other funds or termination of fund contracts, etc., and call for holding of fund units within 6 months
The NPC will vote. Where laws and regulations or the CSRC provide otherwise, such provisions shall prevail.
Part VI Subscription and Redemption of Fund Units
1、 Place for subscription and redemption
The subscription and redemption of the Fund will be conducted through the sales agency. The specific sales agency will be managed by the fund manager
Listed in the prospectus or 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
Trading hours on normal trading days of Shenzhen Stock Exchange and Shenzhen Stock Exchange (if the Fund participates in Hong Kong Stock Connect trading and
If the trading day is not a Hong Kong Stock Connect trading day, the Fund Manager may decide whether the Fund is open for application according to the actual situation
Purchase, redemption and conversion business, which shall be subject to the announcement issued in accordance with laws and regulations at that time), but fund management
When a person announces the suspension of subscription and redemption in accordance with laws and regulations, the requirements of the CSRC or the provisions of this Fund Contract
except.
After the fund contract comes into effect, if there is a new securities and futures trading market, the securities and futures exchanges will trade
In case of time change or other special circumstances, the Fund Manager will, as the case may be, compare the aforesaid opening days and opening hours
Shall be adjusted, but shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
2. Start date of subscription and redemption and business handling time
The Fund Manager 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 made and the registration authority confirms to accept, the subscription, redemption or conversion price of the fund units shall be
The subscription, redemption or conversion price of Class A fund units.
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;
6. The documents, procedures, time
Under the premise of complying with the provisions of the fund contract and the prospectus, the handling rules shall be based on the specific regulations of each sales agency
Shall prevail.
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, otherwise the application submitted for subscription will not
Establishment. The investor pays the subscription amount in full and the subscription is established; When the fund share registration authority confirms the fund shares,
The subscription takes effect.
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 takes effect, the fund manager will
Redemption funds shall be paid within. In case of major redemption or other suspension of redemption or payment specified in the Fund Contract
In case of redemption of funds, the payment method shall refer to the relevant provisions of the Fund Contract.
In case of data transmission delay, communication system failure, bank data exchange system failure
Restrictions on Hong Kong Stock Connect trading system or Hong Kong Stock Connect capital delivery rules or other non fund managers and fund custodians
If the factors that can be controlled affect the business process, the transfer time of redemption funds shall be postponed accordingly.
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. If the subscription is not established or
If it is invalid, the principal of the subscription amount shall be returned to the investor. If the relevant laws and regulations and the CSRC stipulate otherwise,
The regulations shall prevail.
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 subscription and redemption shall be subject to the confirmation result of the registration authority. For applied
To confirm the situation, investors should timely inquire and properly exercise their legal rights. Otherwise, the resulting investors
Any loss shall be borne by the investor.
The Fund Manager may, within the scope permitted by laws and regulations, have no substantive effect on the interests of Fund Unitholders
Under the premise of adverse effects, the confirmation time of the above subscription and redemption applications shall be adjusted according to law, and must be
The adjustment shall be announced on the specified media in accordance with the relevant provisions of the Information Disclosure Measures before the implementation date.
5、 Quantity limit of subscription and redemption
1. The fund manager may specify the minimum amount of the initial subscription and each subscription of the investor and each redemption
Please refer to the Prospectus or relevant announcements for the specific provisions of the minimum share returned.
2. The fund manager may specify the minimum fund unit balance of each fund transaction account of the investor, with
Please refer to the Prospectus or relevant announcements for specific regulations.
3. The fund manager may stipulate the upper limit of the fund units held by a single investor accumulatively. Please refer to
See the Prospectus or relevant announcements.
4. When accepting the application for subscription has a potentially significant adverse impact on the interests of the holders of stock fund units,
The Fund Manager shall set the upper limit of the subscription amount of a single investor or the upper limit of the net subscription proportion of a single day of the Fund
Measures such as rejecting large amount subscription, suspending fund subscription, etc. shall be taken to effectively protect the legitimate rights and interests of holders of stock fund units.
The fund manager can take the above measures to control the fund size based on the needs of investment operation and risk control
System. See the relevant announcement of the Fund Manager for details.
5. The Fund Manager may adjust the above specified subscription amount and redemption if permitted by laws and regulations
Share and other quantitative restrictions. The fund manager must comply with the relevant provisions of the Information Disclosure Measures before the implementation of the adjustment
It shall be announced on the specified media.
6、 Purchase and redemption prices, fees and their uses
1. Class A fund units and Class C fund units of the Fund are set with codes respectively, which are calculated and announced separately
Net value of Class A fund units and cumulative net value of Class A fund units. The calculation of the net value of various fund units of the Fund is
It shall be retained to 4 decimal places, and the fifth decimal place shall be rounded off. The resulting gains or losses shall be determined by the Fund
Property assumption. The net value of various fund units and the cumulative net value of various fund units on T day are calculated after the market close of the day
And announced in accordance with the fund contract. In case of special circumstances, the calculation can be delayed appropriately after performing appropriate procedures
Calculation or announcement.
2. The calculation of subscription units and the handling method of the balance: For the calculation of the 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; There is no subscription fee for Class C fund units. The effective share of subscription is net
The subscription amount is divided by the net value of a certain category of fund units on the current day, and the effective unit is units. The above calculation results
All shall be rounded to 2 decimal places, and the resulting gains or losses shall be borne by the fund property
Dan.
3. Calculation and handling method of redemption amount: redemption of Class A fund units and Class C fund units of the Fund
The calculation of the amount is detailed in the Prospectus. The redemption rate of various fund units of the Fund is determined by the Fund Manager
Decide and list them in the prospectus and the summary of fund product information. Redemption amount is based on the actual confirmed amount
The effective redemption units are multiplied by the net value of a certain class of fund units on the day and the corresponding expenses are deducted. The unit of redemption amount is
Yuan. The above calculation results are rounded to 2 decimal places
The losses shall be borne by the fund property.
4. The subscription fees for Class A fund units shall be borne by the investors who subscribe for Class A fund units, and shall not be included in the basic
Gold property.
5. Redemption expenses shall be borne by the fund unit holders who redeem the fund units
It is collected when the fund units are returned. The proportion of redemption expenses included in the fund property shall be set in accordance with relevant laws and regulations
See the prospectus. The part not included in the fund property is used to pay the registration fee and other necessary formalities
Fees. Among them, investors with a continuous holding period of less than 7 days will be charged a redemption fee of not less than 1.5%, and the full amount will be
Included in the fund assets.
6. The specific calculation method, redemption rate and redemption amount of the Fund's subscription rate and subscription units are as follows:
The calculation method and charging method of the fund shall be determined by the fund manager in accordance with the provisions of the fund contract, and shall be stated in the prospectus
Listed in the book. The fund manager may adjust the rate or charging method within the scope agreed in the fund contract, and
In accordance with the relevant provisions of the Information Disclosure Measures, the new rate or charging method shall be submitted to the regulatory media later than the implementation date of the new rate or charging method
Introduce the announcement.
7. In case of large amount purchase or redemption of the Fund, the Fund Manager may use the swing pricing machine
To ensure the fairness of fund valuation. Specific handling principles and operation specifications shall comply with relevant laws and regulations and
Provisions of regulatory authorities and self-discipline rules.
8. The fund manager may, without violating the provisions of laws and regulations and the fund contract
In the event that the rights and interests of unit holders have a material adverse impact, the Fund shall formulate a promotion plan according to market conditions,
Carry out fund promotion activities regularly or irregularly. During fund promotion activities, according to the requirements of relevant regulatory authorities
After performing the necessary procedures, the fund manager may appropriately reduce 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. When the valuation of fund assets is suspended as stipulated in the fund contract.
3. The securities, futures exchanges or foreign exchange markets are suspended abnormally during trading hours, resulting in the absence of the fund manager
Calculate the net asset value of the fund on the current day by using the method.
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. The application exceeds the total fund size, the upper limit of net subscription ratio per day, and single investment set by the fund manager
The upper limit of a single day or single subscription amount of the investor.
9. Technical failures and other abnormalities of the Fund Manager, Fund Custodian, Sales Agency or Registration Agency
As a result, the fund sales system, fund registration system or fund accounting system cannot operate normally.
10. The Fund participates in the trading of Hong Kong Stock Connect and the trading quota of Hong Kong Stock Connect is insufficient.
11. Other circumstances stipulated by laws and regulations or recognized by the CSRC or agreed in the fund contract.
One of the above situations of suspension of subscription in items 1, 2, 3, 5, 6, 9, 10 and 11 occurs and the fund manager
When deciding to suspend the acceptance of an investor's application for subscription, the fund manager shall publish it on the specified media in accordance with the relevant provisions
Register the announcement of subscription suspension. If the investor's application for subscription is rejected in whole or in part, the rejected subscription amount
The principal will be returned to the investor. When the suspension of subscription is eliminated, the Fund Manager shall resume the subscription in a timely manner
Business handling.
8、 Circumstances of suspending redemption or delaying payment of redemption money
Under the following circumstances, the Fund Manager may suspend accepting the redemption application of investors or postpone the payment of redemption
Payment:
1. The Fund Manager is unable to pay the redemption amount due to force majeure.
2. When the valuation of fund assets is suspended as stipulated in the fund contract.
3. The securities, futures exchanges or foreign exchange markets are suspended abnormally during trading hours, resulting in the absence of the fund manager
Calculate the net asset value of the fund on the current day by using the method.
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.
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 stipulated by laws and regulations or recognized by the CSRC or agreed in the fund contract.
When one of the above circumstances occurs and the Fund Manager decides to suspend the redemption or postpone the payment of redemption money, the Fund
The Manager shall report to the CSRC for filing as required, and the Fund Manager shall pay in full the confirmed redemption application;
If the payment cannot be made in full for the time being, the payable part shall be distributed according to the proportion of the application amount of a single account in the total application amount
To the redemption applicant, the unpaid part can be postponed. In case of the situation mentioned in item 4 above
Handling of relevant terms of the same. When applying for redemption, fund share holders may choose in advance that they may not receive
It shall be cancelled in part. When the suspension of redemption is eliminated, the Fund Manager shall resume the redemption business in a timely manner
Handling and announcement.
9、 Large amount redemption situation and handling method
1. Recognition of huge redemption
If the net redemption application of the Fund units within a single open day of the Fund (the total number of redemption application units plus the Fund
After deducting the total number of subscription application units from the total number of transfer out application units during conversion and the transfer in application units during fund conversion
If the balance after the total amount exceeds 10% of the total fund shares of the previous working 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 proportion accepted by the fund manager on the same day shall not be less than 10% of the total fund shares on the previous working day
Under the premise of, the remaining redemption applications can be postponed. For the redemption application on that day, it should be based on a single account
The proportion of redemption application amount in the total redemption application amount, and the redemption unit accepted on the current day shall be determined; For the non redeemable part
The investor can choose to postpone or cancel the redemption when submitting the redemption application. Those who choose to postpone redemption,
Will automatically transfer to the next business day to continue redemption until all redemption; If redemption is selected, the current day
Some redemption applications that have not been accepted will be cancelled. The deferred redemption application is together with the redemption application on the next open day
Processing, no priority and the redemption amount is calculated based on the net value of such fund units on the following opening day
By analogy, until all redemption. If the investor does not make a clear choice when submitting the redemption application, the investor does not
The redeemable part will be automatically postponed. Some deferred redemptions are not limited by the minimum amount of single redemption.
(3) When the Fund is redeemed in a large amount, and the redemption application of a single fund unit holder exceeds the previous one
When the total share is more than 20% on a working day, if the fund manager thinks that it is difficult to pay the investor's redemption application or recognizes that
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 Fund Manager may postpone the application for redemption
The application for redemption of more than 20% of the total fund shares on the previous working day will be postponed; about
The fund manager may redeem the part of the fund unit holders less than 20% according to the preceding paragraph "(1) Full redemption"
Or the agreed method of "(2) Partial deferred redemption" shall be handled together with the redemption application of other fund unit holders.
For the part that has not been redeemed, if the fund unit holder chooses to cancel the redemption when submitting the redemption application
Some redemption applications not accepted on that day will be cancelled; If you choose to postpone redemption, it will be automatically transferred to the next opening
Redemption will continue on the opening day, and the redemption amount will be calculated based on the net value of such fund units on the following opening day without priority
Well, and so on, until all redemption.
(4) Suspension of redemption: massive redemption occurs for more than two consecutive business days (including the number), such as fund management
People can suspend accepting the redemption application of the fund if they think it is necessary; The accepted redemption application can postpone the payment
The redemption money 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 massive redemption and taking corresponding measures, the Fund Manager shall, by mail, fax or
In other ways specified in the prospectus, the fund share holders shall be notified within 3 trading days, and the relevant provisions shall be explained
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 subscription or redemption of fund reopening, 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 conversion business with other funds managed by the fund manager, a certain amount of conversion can be charged for fund conversion
The relevant rules shall be formulated and consolidated by the Fund Manager in accordance with relevant laws and regulations and the provisions of this Fund Agreement
And notify the Fund Custodian and relevant institutions in advance within a reasonable time.
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、 Freeze, unfreeze and pledge of fund shares
The fund registration authority only accepts the freezing and unfreezing of fund units required by the competent authorities of the state according to law, and
Freezing and unfreezing under other circumstances recognized by the registration authority and in compliance with laws and regulations.
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 stipulated by laws and regulations.
If relevant laws and regulations allow the fund manager to handle the pledge business of fund units or other fund businesses,
The Fund Manager will formulate and implement corresponding business rules.
16、 Transfer of Fund Units
If permitted by laws and regulations and conditions are met, the Fund Manager may accept the Fund Unitholders
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, it shall
Announce in advance that the fund share holders shall handle the transfer of fund shares in accordance with the business rules announced by the fund manager
Business.
17、 Subscription and redemption of the Fund during the implementation of the side pocket mechanism
If the Fund implements the side pocket mechanism, the subscription and redemption arrangements of the Fund are detailed in the Prospectus or relevant companies
Notice.
18、 If it does not violate relevant laws and regulations and has no material adverse impact on the interests of fund share holders
On the premise that the Fund Manager may, according to the specific circumstances, perform certain procedures to
The arrangement of relevant business shall be supplemented and adjusted and announced in advance.
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;
(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 fund assets in securities;
(13) Financing the Fund for the benefit of the Fund in accordance with the law, if permitted by laws and regulations;
(14) Exercising litigation rights on behalf of fund share holders in the name of the fund manager; or
Performing other legal acts;
(15) 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
Redemption, conversion, fixed investment and non trading transfer and other business rules;
(17) Without violating laws, regulations and regulatory provisions and having no material adverse effect on the interests of fund share holders
Under the premise of influence, the Fund Manager has the right to pay the redemption, transaction clearing and other payables of the Fund on behalf of
Table Fund share holders use fund assets as collateral for financing;
(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 according to the requirements of regulatory authorities, judicial authorities and other competent authorities, or due to audit, law, etc
Except for services provided by external professional consultants;
(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 unit holders;
(27) Other obligations stipulated by laws and regulations, CSRC and the Fund Contract.
2、 Fund Custodian
（1） Profile of Fund Custodian
Name: Ping An Bank Co., Ltd
Registered address: 5047 Shennan East Road, Luohu District, Shenzhen, Guangdong Province
Office address: 5023 Yitian Road, Futian District, Shenzhen, Guangdong
Legal representative: Xie Yonglin
Time of establishment: December 22, 1987
Registered capital: RMB 19405918198
Duration: continuous operation
Approval document and document number of fund custody qualification: CSRC ZJXK [2008] No. 1037
Contact: Liu Huadong
Tel: 0755-22166388
（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
In case of any situation, it shall report to the CSRC and take necessary measures to protect the interests of fund investors;
(4) In accordance with the relevant market rules, open capital accounts, securities accounts and other investment accounts for the Fund,
Clearing securities and futures trading funds for the Fund;
(5) Propose to convene or convene a general meeting of fund unit holders;
(6) Nominate a new fund manager when the fund manager changes;
(7) Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
2. According to the Fund Law, the Operating Measures and other relevant provisions, the obligations of the Fund Custodian include
But not limited to:
(1) Holding and safekeeping fund assets in the principle of good faith and diligence;
(2) A special fund custody department shall be set up, with satisfactory business premises and sufficient
Qualified full-time personnel familiar with fund custody business, responsible for fund property custody matters;
(3) Establish and improve internal risk control, supervision and audit, financial management and personnel management systems,
To ensure the safety of the fund property and ensure that the fund property under its custody is different from the fund custodian's own property and
Fund assets are independent of each other; Set up separate accounts for different funds under custody, conduct independent accounting, and manage accounts separately,
Ensure that different funds are independent from each other in terms of account setting, fund transfer, account book recording, etc;
(4) Except in accordance with the Fund Law, the Fund Contract and other relevant provisions, the Fund shall not be used
To seek illegal benefits for oneself and any third party, it is not allowed to entrust a third party to trust the fund property;
(5) To keep the major contracts and relevant vouchers related to the Fund signed by the Fund Manager on behalf of the Fund;
(6) The fund account, securities account and other accounts required for investment of the fund property shall be opened in accordance with the provisions
As agreed in the Gold Contract, clearing and delivery shall be handled in a timely manner according to the investment instructions of the Fund Manager;
(7) Keep fund business secrets, except for the Fund Law, the Fund Contract and other relevant laws and regulations
Unless otherwise specified, the fund information shall be kept confidential before public disclosure and shall not be disclosed to others
The requirements of the competent authority such as the organization, the judicial authority or the listed stock exchange, or due to external reasons such as audit and law
Except for the provision of services to professional consultants;
(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 and keep the names of fund unit holders from the fund manager or its entrusted registration institution
Volume;
(13) Prepare relevant account books as required and check with the fund manager;
(14) To pay fund income and
Redemption proceeds;
(15) Convene the Fund Unitholders in accordance with the Fund Law, the Fund Contract and other relevant provisions
To convene a general meeting of fund share holders or to cooperate with the fund manager and fund share holders to convene a general meeting of fund share holders in accordance with the law;
(16) Supervise the investment operation of the Fund Manager in accordance with laws and regulations and the provisions of the Fund Contract;
(17) Participate in the fund assets liquidation team, and participate in the custody, liquidation, valuation, realization and
Distribution;
(18) Timely report to the CSRC when faced with dissolution, legal revocation or bankruptcy declaration
And the banking regulatory authority, and notify the fund manager;
(19) If the Fund property is lost due to violation of the Fund Contract, it shall be liable for compensation
Liability will not be relieved by his retirement;
(20) Supervise the Fund Manager to perform its obligations in accordance with laws, regulations and the Fund Contract
In the event that the Fund Manager violates the Fund Contract and causes losses to the Fund property, it shall be the interest of the Fund Unitholders
Claim compensation 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. The Fund's Class A Fund units and Class C Fund units are different due to the difference between the net value of fund units
Similarly, the amount of fund income distribution and the amount of remaining fund property distribution after participating in liquidation may be
Different.
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 holding period of the fund units subscribed by the initiator fund provider is not less than the effective date of the fund contract
3 years;
(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 Fund has not set up a daily body for the general meeting of fund share holders. Now, fund share holders will be set up
The daily organization of the General Assembly shall comply with the requirements of relevant laws and regulations.
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) Funds that individually or collectively hold more than 10% (including 10%) of the total fund shares
Unit holders (calculated on the basis of fund units on the day when the Fund Manager receives the proposal, the same below)
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
Provided that there is no material adverse effect, the following circumstances may be amended after consultation between the Fund Manager and the Fund Custodian
It is unnecessary to hold a general meeting of fund share holders:
(1) Collection of fund fees increased as required by laws and regulations;
(2) Adjust the subscription rate of the Fund, lower the sales service rate or change the charging method;
(3) The Fund Contract should be modified due to changes in corresponding laws and regulations;
(4) The amendment to the Fund Contract has no material adverse effect on the interests of the Fund Unitholders or the amendment
The change does not involve significant changes in the rights and obligations of the parties to the Fund Contract;
(5) Fund manager, fund registration agency and fund sales agency adjust relevant subscription, redemption and transfer
Exchange, fund transaction, non transaction transfer, custody transfer, pledge and other business rules;
(6) The Fund Manager launches new businesses or services after performing appropriate procedures;
(7) Increase or decrease the categories of fund units, or adjust the classification methods and rules of fund units;
(8) Adjust the distribution principle and payment method of fund income;
(9) If it is not necessary to hold a general meeting of fund share holders in accordance with laws and regulations and the Fund Contract
His situation.
2、 Convener and convening method
1. Unless otherwise stipulated in laws and regulations or the Fund Agreement, the general meeting of fund share holders shall be held by
Convening by the fund manager;
2. If the Fund Manager fails to convene or cannot convene the meeting as required, the Fund Custodian shall convene the meeting;
3. If the Fund Custodian deems it necessary to convene a general meeting of Fund Unitholders, it shall report to the Fund Manager
Make a written proposal. The Fund Manager shall decide whether to convene the meeting or not within 10 days after receiving the written proposal,
And notify the Fund Custodian in writing. If the fund manager decides to convene the meeting, it shall 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 considers it necessary, it shall
It shall be convened by the Fund Custodian on its own and notified to the Fund Management within 60 days from the date of issuing the written decision
And 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 notified of the meeting within 60 days from the date of the meeting, 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
The fund share holders with more than 10% (including 10%) of the fund shares in the table have the right to convene the meeting on their own and at least in advance
30 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 with them;
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, regulations and regulatory authorities, the general meeting of fund share holders can
The agenda of the meeting is held by telephone or other off-site methods or in combination of on-site and off-site methods
The procedures for on-site meetings and communication meetings shall be compared; Fund share holders may adopt written or online
Vote by telephone, SMS or other means or authorize others to attend and vote on behalf of the meeting
It shall be determined by the convener of the meeting and listed in the meeting notice.
4. With the permission of laws, regulations and regulatory authorities, fund share holders authorize others to act on their behalf
In case of attending the meeting and voting, the authorization can be in writing, online, telephone, SMS or other ways
The method shall be determined by the convener of the meeting and specified in the notice of the meeting.
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 fund shares represented by the fund share holders who issue the voting opinions
Number.
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 as required 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. More than 50% of the voting rights of fund share holders and proxies attending the meeting
(50% included) elect a Fund Unitholder to preside over the general meeting of Fund Unitholders
People;
6. General resolutions shall be subject to half of the voting rights held by fund share holders or their proxies attending the meeting
More than one half (including one half) passed;
7. The special resolution shall be subject to three votes held by the fund share holders or their agents attending the meeting
More than two thirds (including two thirds) passed.
During the implementation of the side pocket mechanism, the matters to be considered at the general meeting of fund share holders involve the main pocket account and the side pocket account
The fund share holders of the main pocket account and the side pocket account shall vote respectively
Each fund share in the fund has equal voting rights. If the voting matter does not involve the side pocket account, the side pocket account
No voting rights.
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 relevant provisions of this part shall apply to those not specified in this section.
10、 This part deals with the causes, conditions, procedures and voting of the general meeting of fund share holders
Conditions and other provisions, which directly refer to laws, regulations or regulatory rules, such as future laws, regulations or regulations
If the amendment of the rules results in the cancellation or change of the relevant contents, the Fund Manager and the Fund Custodian shall reach an agreement and propose
After the previous announcement, this part can be modified and adjusted directly without convening a general meeting of fund share holders
consideration.
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 formed by the Fund Manager of the Fund, which shall be held by the Fund Unitholders or their agents attending the meeting
The resolution shall be adopted by more than two-thirds (including two-thirds) of the voting rights, and shall take effect from the date of adoption;
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
After the resolution of the general meeting of shareholders takes effect, it shall be announced in the specified media as required;
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 fee 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
The resolution shall be adopted by more than two-thirds (including two-thirds) of the voting rights, and shall take effect from the date of adoption;
3. Temporary Fund Custodian: Before the new Fund Custodian is appointed, the CSRC shall appoint a temporary fund custodian
Gold custodian;
4. Filing: the resolution of the general meeting of fund share holders to change the fund custodian must be reported to the CSRC for filing;
5. Announcement: After the replacement of the Fund Custodian, the Fund Manager shall change the Fund units of the Fund Custodian
After the resolution of the general meeting of shareholders takes effect, it shall be announced in the specified media as required;
6. Handover: Where the duties of the fund custodian are terminated, the fund custodian shall properly keep the fund assets and the fund custody business
Information, timely handle the transfer procedures of fund assets and fund custody business, and appoint a new fund custodian or temporarily
The Fund Custodian shall take over in a timely manner. The new fund custodian or temporary fund custodian checks 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.
（3） Conditions and procedures for simultaneous replacement of the Fund Manager and the Fund Custodian
1. Nomination: if the Fund Manager and the Fund Custodian change at the same time, the Fund will be held separately or jointly
Fund share holders with more than 10% (including 10%) of total shares nominate new fund managers and fund custody
People;
2. The replacement of the Fund Manager and the Fund Custodian shall be carried out in accordance with the above procedures respectively;
3. Announcement: The new Fund Manager and Fund Custodian shall change the Fund Manager and Fund Custodian
After the resolution of the general meeting of fund unit holders of the custodian takes effect, it shall be jointly announced on the specified media as required.
3、 The new or temporary fund manager takes over the fund management business, or the new or temporary fund custodian takes over
Before collecting fund assets and fund custody business, the original fund manager or the original fund custodian shall, in accordance with laws, regulations and
The provisions of the Fund Agreement shall continue to perform relevant duties and ensure that the interests of the Fund Unitholders will not be damaged
Harm. The original Fund Manager or the original Fund Custodian still has the right to continue to perform relevant duties in accordance with the Fund
The fund management fee or fund custody fee shall be charged according to the provisions of the contract.
4、 The provisions of this Part on the conditions and procedures for the replacement of the Fund Manager and the Fund Custodian
References to laws, regulations or regulatory rules, such as the relevant contents caused by the modification of laws, regulations or regulatory rules in the future
In case of cancellation or change, the Fund Manager and the Fund Custodian can directly compare with each other after reaching an agreement and making an announcement in advance
The contents shall be modified and adjusted without convening a general meeting of fund share holders for deliberation.
Part X Custody of the Fund
The Fund Custodian and the Fund Manager shall enter into a contract in accordance with the Fund Law, the Fund Contract and other relevant provisions
Escrow Agreement.
The purpose of entering into the custody agreement is to clarify the protection of fund assets between the fund custodian and the fund manager
Rights in management, investment operation, net value calculation, income distribution, information disclosure, mutual supervision and other related matters
Obligations and responsibilities to ensure the safety of fund assets and protect the legitimate rights and interests of fund share holders.
Part XI Registration of Fund Units
1、 Registration business of fund units
The registration business of the Fund refers to the registration, custody, transfer, clearing and settlement business of the Fund
Including establishment and management of investor's fund account, registration of fund shares, confirmation and liquidation of fund sales business
And clearing, distributing dividends on behalf of others, establishing and keeping the register of fund share holders and handling non trading transfer.
2、 Fund registration business handling agency
The registration business of the Fund is conducted by the Fund Manager or other qualified institutions entrusted by the Fund Manager
Handling. If the Fund Manager entrusts other institutions to handle the registration business of the Fund, it shall sign an entrustment agreement with the agent
Management agreement to clarify the fund manager and agency's management of the investor's fund account, fund share registration
The right to liquidate and confirm fund transactions, distribute dividends, establish and keep the register of fund share holders and other matters
And obligations to protect the legitimate rights and interests of fund share holders.
3、 Rights of the Fund Registrar
The fund registration authority has the following rights:
1. Registration fee;
2. Establish and manage investor fund accounts;
3. To keep account opening information, transaction information and register of fund unit holders;
4. Within the scope permitted by laws and regulations, the time for handling registration business shall be adjusted, and
The relevant regulations shall be announced on the specified media before implementation;
5. Other rights stipulated by laws and regulations, the CSRC and the Fund Contract.
4、 Obligations of the Fund Registrar
The fund registration authority shall undertake the following obligations:
1. Allocate enough professionals to handle the registration business of the Fund units;
2. Carry out the registration of the Fund units in strict accordance with the laws and regulations and the conditions specified in the Fund Contract
Service;
3. Properly keep the registration data, and specify the name, identity information and fund units of fund unit holders
The detailed data shall be backed up to the institutions recognized by the CSRC, and the storage period shall not be less than the statutory minimum period;
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 invests in securities related to financial preference subject, on the premise of strictly controlling portfolio risk
Next, pursue long-term stable appreciation of fund assets.
2、 Investment scope
The investment scope of the Fund is financial instruments with good liquidity, including domestic legal issuance or listing
(including the main board, GEM and other stocks and depositary receipts permitted by the CSRC to be listed), Hong Kong
Stocks and bonds (including government bonds, central bank bills, local government bonds, financial bonds, corporate bonds, and public bonds)
Corporate bonds, subordinated bonds, medium-term notes, short-term financing bonds, ultra short-term financing bonds, convertible bonds, exchangeable bonds
Bonds, etc.), asset-backed securities, bond repurchase, bank deposits, interbank deposit receipts, money market instruments, shares
Refers to futures, stock options, treasury bond futures and other funds allowed by laws and regulations or the CSRC for fund investment
Financial instruments (subject to the relevant provisions of the CSRC).
The Fund may participate in financing 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 shall perform appropriate procedures
After that, it can be included in the scope of investment.
The proportion of the Fund's investment portfolio is: the proportion of stock assets in the Fund's assets is 60% - 95% (including
The proportion of shares invested in the Hong Kong Stock Standard accounted for 0% - 50% of the stock assets). Definition of investment in the Fund contract
The proportion of financial preference theme related stocks in non cash fund assets shall not be less than 80%. Each payment of the Fund
After deducting the trading deposits required to be paid for stock index futures, treasury bond futures and stock option contracts at the end of the trading day
Keep 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
Including settlement provisions, deposits, and subscription receivables. Stock index futures, treasury bond futures, stock options
And other financial instruments in accordance with laws and regulations and the provisions of regulatory authorities.
If laws and regulations or regulatory authorities change the requirements of this ratio, the Fund shall perform appropriate procedures
After that, the changed proportion shall prevail, and the investment proportion of the Fund will be adjusted accordingly.
3、 Investment strategy
1. Asset allocation strategy
Through the study of the laws of macroeconomic operation, combined with policy changes, and the comprehensive use of qualitative and quantitative tools,
Judge the operating position and future development direction of the economic cycle, and reasonably adjust the stock, bond and money markets in the portfolio
Proportion of instruments and other financial instruments.
2. Stock investment strategy
(1) Theme definition
The financial priority topics defined by the Fund mainly include the following companies:
1) Traditional financial institutions, including banks and non bank financial institutions, such as insurance, securities, trust
Futures, etc;
2) Other institutions providing financial products and services, including third-party payment, financial leasing, securities delivery
Changing places;
In the future, as the policy or market environment changes, the manager will define the scope of financial optimization theme
In case of any change, the Fund Manager has the right to define the criteria for the above financial preference subject after performing appropriate procedures
Make adjustments.
(2) Individual stock selection strategy
The Fund selects individual stocks from bottom to top through a combination of qualitative and quantitative methods
Comprehensively study and judge the area and valuation level, select the value oriented talents with core competitiveness and relatively reasonable valuation
Qualitative stocks.
1) Qualitative analysis:
Through qualitative analysis of competitive advantages, profit models and corporate governance, the Fund has selected the best
Quality company:
Competitive advantages of company A: focus on the company's market advantages, resource advantages, product advantages and policies
Advantages;
Company B's profit model: an investigation of the enterprise's profit model focuses on the attributes of the enterprise's profit model
And maturity, whether it is non replicable, sustainable and stable;
C Corporate governance: check whether the company has a clear, reasonable and executable development strategy; Yes No
Have a reasonable governance structure, and whether the management team is united, efficient, experienced, and enterprising.
2) Quantitative analysis:
The Fund will evaluate the growth indicators, financial indicators and valuation indicators that reflect the quality and growth potential of listed companies
Target companies conduct quantitative analysis to select individual stocks with growth advantages, financial advantages and valuation advantages. Specific mining
Use the following indicators:
A Growth indicators: revenue growth rate, operating profit growth rate and net profit growth rate;
B Financial indicators: gross profit rate, operating profit rate, net profit rate, return on net assets, net income from operating activities
Total profit/profit, etc;
C Valuation indicators: price earnings ratio (PE), price earnings ratio to earnings growth ratio (PEG), market sales ratio (PS)
And total market value.
(3) Stock investment strategy of Hong Kong Stock General Standard
The Fund can invest in the Hong Kong stock market through the trading interconnection mechanism between the mainland and the Hong Kong stock market,
Do not use the overseas investment quota of qualified domestic institutional investors (QDII) for overseas investment. The Fund will combine
The company's fundamentals, the valuation level of international comparable companies and other major factors that affect the stock investment of the Hong Kong Stock Standard
Stock weight allocation and individual stock selection of Hong Kong Stock Connect.
(4) 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 the construction and adjustment of bond portfolio, the Fund comprehensively uses duration allocation, term structure allocation
Daily management is carried out by portfolio management means such as asset allocation, yield curve strategy, leverage amplification strategy, etc
Seeking to obtain long-term stable income.
4. Asset backed securities investment strategy
The key to product investment lies in the analysis of the quality of underlying assets and future cash flow
Under the specific policy framework of securitized products, the fundamental analysis and quantitative model are combined to
Make investment after risk analysis and value evaluation. The Fund will strictly control the overall investment in asset-backed securities
Scale and diversify investment to reduce liquidity risk.
5. Financial derivatives investment strategy
(1) Investment strategy of stock index futures
In order to better achieve the investment objectives, the Fund, on the premise of focusing on risk management
In principle, stock index futures should be used appropriately for hedging purposes. The Fund uses the liquidity of stock index futures contracts
Good, low transaction cost, leverage operation and other characteristics to improve the efficiency of portfolio operation. The Fund adopts hedging
To participate in the investment and trading of stock index futures in the way of value, with the main purpose of managing market risk and adjusting stock positions
Of.
(2) Investment strategy of treasury bond futures
In order to effectively control the systematic risk of bond investment, the Fund will combine the macroeconomic situation and securities trend
According to the principle of risk management, through the qualitative and quantitative analysis of the bond market
For the purpose of future value preservation, appropriately use treasury bond futures to improve the operating efficiency of investment portfolio
The liquidity level and other indicators of the cargo basis difference and treasury bond futures are tracked and monitored.
(3) Stock Option Investment Strategy
Stock options are the Fund's auxiliary investment instruments. The Fund will hedge in accordance with the principle of risk management
Invest in stock options for the main purpose of hedging. The investment principle of stock options is conducive to the increase of fund assets
Value, control downside risk, realize hedging and lock in earnings.
The Fund will pay attention to the launch of other financial derivatives, such as those permitted by laws and regulations or regulatory authorities
For gold investment in other derivative instruments, the Fund will, after performing appropriate procedures
The regulations of the management institution, the formulation of investment strategies appropriate to the investment objectives of the Fund, and the full evaluation of derivatives
On the basis of risk and return, make investment cautiously.
6. Financing strategy
In order to better achieve the investment objectives, we should consider the expected risks, returns, liquidity and other factors
On the other hand, the Fund may participate in financing business.
4、 Investment restrictions
1. Combination restrictions
The Fund's portfolio should be subject to the following restrictions:
(1) The proportion of stock assets in the Fund's investment portfolio in the Fund's assets is 60% - 95% (invested in
The proportion of Hong Kong shares in the stock assets shall not exceed 50%), and the investment in the finance defined in the Fund Contract
The proportion of preferred theme related stocks in non cash fund assets shall not be less than 80%;
(2) At the end of each trading day, the Fund deducts stock index futures, treasury bond futures and stock option contracts
After the transaction margin is paid, it shall be kept no less than 5% of the net asset value of the fund in cash or the maturity date shall be within one year
For government bonds within, cash does not include provisions for settlement, deposits and subscription receivables;
(3) The Fund holds securities issued by a company (the same company is listed in both the Mainland and Hong Kong
A+H shares), whose market value does not exceed 10% of the net asset value of the fund;
(4) All funds managed by the Fund Manager hold securities issued by one company (the same company
A+H shares listed at the same time in the mainland and Hong Kong), not more than 10% of the securities, fully in accordance with
The composition ratio of the relevant index of the fund variety for securities investment may not be subject to the proportion limit specified in this article;
(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 the 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
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) 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 the number of tradable shares issued by the listed company
30%； Open ended funds and the CSRC that invest in securities in full accordance with the composition ratio of relevant indexes
The identified special investment portfolio may not be subject to the aforesaid proportion restrictions;
(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 assets of the Fund shall not exceed 140% of the net assets of the Fund;
(15) The Fund's investment in stock index futures shall also comply with the following portfolio restrictions:
① At the end of any trading day, the value of the purchased stock index futures contract held shall not exceed the net asset value of the fund
10% of;
② At the end of any trading day, the value of treasury bond futures and stock index futures contracts and securities held
The sum of market values shall not exceed 95% of the net asset value of the Fund. Among them, marketable securities refer to stocks and 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;
③ At the end of any trading day, the value of the sold stock index futures contracts held shall not exceed the shares held by the Fund
20% of the total market value; The market value of stocks held by the Fund and the value of stock index futures contracts purchased and sold, in total
(Calculation of netting) The proportion in fund assets shall comply with the relevant provisions of the Fund Contract on the proportion of stock investment
regulations;
④ The trading amount of stock index futures contracts traded (excluding closing positions) in any trading day shall not exceed
20% of the net asset value of the Fund on the previous trading day;
(16) The Fund's investment in treasury bond futures shall also comply with the following portfolio restrictions:
① At the end of any trading day, the value of treasury bond futures contracts held by the Fund shall not exceed that of the Fund
15% of net asset value;
② At the end of any trading day, the value of treasury bond futures and stock index futures contracts and securities held
The sum of market values shall not exceed 95% of the net asset value of the Fund. Among them, marketable securities refer to stocks and 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;
③ At the end of any trading day, the value of the futures contracts for selling treasury bonds held by the Fund shall not exceed the value of the futures contracts held by the Fund
30% of the total market value of some bonds;
④ The transaction amount of treasury bond futures contracts traded by the Fund in any trading day (excluding closing positions) does not
May exceed 30% of the net asset value of the Fund on the previous trading day;
⑤ Market value and purchase
The total value of treasury bond futures contracts sold (netting calculation) shall comply with the requirements of the Fund Contract on bond investment
Relevant agreement on proportion;
(17) Where the Fund participates in stock option trading, it shall meet the following requirements:
The total amount of royalties paid and received by the rights contract shall not exceed 10% of the net asset value of the fund; Subscription period for opening and selling
Rights, shall hold sufficient underlying securities; In case of opening and selling the put option, the full amount required for the exercise of the contract shall be held
Cash or cash equivalents recognized by the rules of the Exchange to offset the option margin; Option contract face of open position
The value shall not exceed 20% of the net asset value of the fund. The par value of the contract is calculated by multiplying the exercise price by the contract multiplier;
The fund's investment in stock options shall comply with the proportion limit agreed in the fund contract (such as stock position, proportion of individual shares, etc.)
Investment objectives and risk return characteristics;
(18) After the fund participates in the financing business, at the end of any trading day, the financing stocks held by the fund and
The sum of the market value of his securities shall not exceed 95% of the net asset value of the fund;
(19) The restriction on the proportion of fund investment depositary receipts shall be subject to the shares listed and traded in China
For the consolidated calculation of listed shares, laws and regulations or other regulations of the regulatory authority shall prevail;
(20) Other investment restrictions stipulated by laws and regulations, the CSRC and the Fund Contract.
In addition to (2), (9), (12) and (13) above, due to fluctuations in the securities/futures market, securities issuance
The fund investment proportion does not meet the above requirements due to factors other than fund managers such as pedestrian merger and fund size change
If the investment proportion is specified, the fund manager shall make adjustment within 10 trading days, but the CSRC
Except for special circumstances specified. If laws and regulations or regulatory agencies have 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.
If laws and regulations or regulatory authorities change the limit on the portfolio proportion agreed in the fund contract
The changed regulations shall prevail. Laws and regulations or regulatory authorities cancel the above restrictions, if applicable to the Fund
After the Manager performs the appropriate procedures, the Fund's investment will no longer be subject to the relevant restrictions, but it must be announced in advance.
2. Prohibited acts
In order to safeguard the legitimate rights and interests of fund share holders, fund assets may not be used for the following investments or activities:
(1) Underwriting securities;
(2) Lending or providing guarantee to others in violation of regulations;
(3) Investment with unlimited liability;
(4) Buying and selling other fund units, except as otherwise stipulated by the CSRC;
(5) Make capital contributions to its fund manager and fund custodian;
(6) Engaging in insider trading, manipulating securities trading prices and other improper securities trading activities;
(7) Other activities prohibited by laws, administrative regulations and the CSRC.
The Fund Manager uses the Fund property to buy and sell the Fund Manager, the Fund Custodian and their controlling shareholders
Securities issued by the controller or companies with other major interests or certificates underwritten during the underwriting period
Securities, or other major related party transactions, shall comply with the investment objectives and investment strategies of the Fund and follow
The principle of giving priority to the interests of fund share holders, preventing conflicts of interest, establishing and improving internal approval mechanisms and evaluation mechanisms
The system shall be implemented according to the fair and reasonable price in the market. Relevant transactions must be approved by the Fund Custodian in advance, and
Disclosed according to laws and regulations. Major connected transactions shall be submitted to the Board of Directors of the Fund Manager for review, and shall be divided into three parts
Two or more independent directors passed. The Board of Directors of the Fund Manager shall conduct related party transactions at least every half a year
examination.
If laws, regulations or regulatory authorities cancel or change the above restrictions, if applicable to the Fund
Thereafter, the investment of the Fund will no longer be subject to relevant restrictions or the changed provisions shall prevail.
5、 Performance Benchmark
Benchmark for performance comparison of the Fund: yield of CSI 800 financial index * 65%+total full price (total value) of China bond and national debt
Index yield * 20%+CSI Hong Kong 300 Financial Services Index (RMB) yield * 15%
The CSI 800 financial index takes the CSI 800 index as the sample space, and selects banks, comprehensive finance and insurance
The shares of the insurance industry, as the sample shares of the CSI 800 financial index, adopt the self circulation market capitalization weighting method
Focus on reflecting the overall performance of financial industry companies in the secondary market.
The sample space of the CSI Hong Kong 300 Financial Services Index (RMB) series is from the CSI Hong Kong 300 Index
Sample share composition: select the top shares in banking, insurance, capital market and other fields from the sample of CSI Hong Kong 300 Index
The securities of municipal companies are taken as index samples to reflect the overall performance of the securities of listed companies in financial services in Hong Kong market.
The total full price (gross value) index of Chinese government bonds is compiled and released by the Central Government Securities Depository and Clearing Co., Ltd
The national debt index of, with a high reputation in the market, can comprehensively reflect the inter-bank bond market, counter
As well as the overall price trend and investment return of book entry government bonds circulated and traded in Shanghai Stock Exchange, and
Professional, authoritative and stable. Therefore, the total full price (total value) index of China Bond and national debt is used to measure the bond investment of the Fund
An ideal benchmark for performance.
If the laws and regulations change in the future, or the above performance benchmark changes its name, or has the right to change
Verde, a more widely accepted performance benchmark, or a more suitable benchmark in the market
At the index of the Fund's performance benchmark, the Fund may negotiate with the Fund Custodian
After performing appropriate procedures as required by the regulatory authorities, the performance benchmark will be changed and announced in a timely manner. If this
When the index referred to by the fund performance benchmark is no longer released in the future, the fund manager can conduct relevant supervision
After the department requires to go through relevant procedures, select similar ones according to the principle of safeguarding the legitimate rights and interests of fund share holders
The or alternative index is used as the reference index of the performance benchmark.
6、 Risk return characteristics
The Fund is a hybrid fund, and its risk return is expected to be higher than that of money market funds and bond funds
In equity funds. The Fund can invest in the underlying stocks of Hong Kong Stock Connect, and meet with the Hong Kong Stock Connect mechanism due to the investment environment
Unique risks caused by differences in investment objects, market systems and trading rules.
7、 Principles and methods for the Fund Manager to exercise the rights of shareholders or creditors on behalf of the Fund
1. The Fund Manager shall independently exercise the rights of shareholders or creditors on behalf of the Fund in accordance with the relevant provisions of the State, and ensure that
Protect the interests of fund share holders;
2. Do not seek to control the listed company;
3. It is conducive to the safety and appreciation of fund assets;
4. Not for itself, employees, authorized agents or any interested third party through connected transactions
People seek any improper benefits.
8、 Implementation and investment operation arrangement of side pocket mechanism
When the fund holds specific assets and there are or potential large redemption applications, protect the fund according to the maximum
The Fund Manager and the Fund Custodian have reached an agreement on the principle of the interests of unit holders and consulted the accounting firm
After the opinion of the Firm, the side pocket mechanism can be used in accordance with laws and regulations and the fund contract, without the need to convene a fund
Deliberation at the general meeting of unit holders.
During the implementation of the side pocket mechanism, the agreed portfolio proportion, investment strategy, portfolio restrictions
The performance comparison benchmark, risk return characteristics and other agreements are only applicable to the main bag account.
Implementation conditions, implementation procedures, operation arrangements, investment arrangements and disposal changes of specific assets of side pocket accounts
See the provisions of the Prospectus for details of matters such as cash and payments that have a significant impact on investors' rights and interests.
Part XIII Assets of the Fund
1、 Total Fund Assets
The total value of fund assets refers to all kinds of securities owned by the fund, principal and interest of bank deposits, and fund receivables
And other assets.
2、 Net Asset Value of the Fund
The net asset value of the Fund refers to the value of the total assets of the Fund minus the liabilities of the Fund.
3、 Account of fund property
The Fund Custodian shall open capital accounts and securities accounts for the Fund in accordance with relevant laws, regulations and normative documents
And other special accounts required for investment. Special fund account opened, fund manager and fund custody
The property accounts owned by people, fund sales institutions and fund registration institutions and other fund property accounts are different
stand.
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 and futures trading places of the Fund and national laws
The non trading day on which the laws and regulations require the disclosure of the net value of the fund.
2、 Valuation object
Stocks, asset-backed securities, bonds, futures contracts, stock option contracts and banks owned by the Fund
Assets and liabilities such as deposit 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 with no active market or few market activities, the current situation should be adopted
The fair value is determined by valuation techniques that are applicable and supported by sufficient available data and other information. Adopt valuation
When determining the fair value by technology, the observable input value should be used preferentially, only when the relevant assets or negative
The unobservable input value can be used only when the debt can be observed or it is impracticable to obtain the unobservable input value.
（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 is adjusted and the fair value is determined.
4、 Valuation method
1. Valuation of securities listed on stock exchanges
(1) The securities (including stocks) listed on the stock exchange are listed on the stock exchange on the valuation date
Market price (closing price) valuation; If there is no transaction on the valuation date, the economic environment has not changed significantly since the most recent transaction date
If the securities issuer has no major event that affects the securities price, the market price (closing price
Valuation; If there is sufficient evidence (major events affecting the measurement of fair value occurred after the latest trading day, etc.)
If it indicates that the quotation on the valuation date or the latest trading day cannot truly reflect the fair value, reference can be made to similar investment varieties
To adjust the market price of the latest transaction 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. Fixed income products with rights in the inter-bank market
Type, according to the unique full valuation price or recommended valuation on the day of the corresponding type provided by the third-party valuation benchmark service agency
Value at full price. For the fixed income variety including the investor's right to put it back, if the right to put it back is exercised, it shall be
Select the unique full valuation price of the corresponding varieties provided by the third-party valuation benchmark service agency during the actual collection date
Or recommend full valuation; Basis for failure to exercise the right of resale after the deadline of the resale registration period (inclusive)
The price corresponding to the long outstanding period is estimated.
4. Where the same bond or stock is traded in two or more markets at the same time
The market is valued separately.
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. The Fund's investment in treasury bond futures contracts is generally valued at the settlement price on the valuation day
If there is no settlement price and there is no significant change in the economic environment after the latest trading day, the latest trading day shall be adopted for settlement
Valuation.
7. The Fund's investment in stock options shall be valued in accordance with relevant laws and regulations and the provisions of the regulatory authorities.
8. If the Fund participates in the financing business, it shall comply with the relevant laws and regulations, the relevant regulations of the regulatory authorities and industry associations
Relevant regulations.
9. The valuation calculation involves the central parity of RMB exchange rate published by the People's Bank of China or its authorized institution
Currency, whose exchange rate to RMB is in the middle of the RMB exchange rate published by the People's Bank of China or its authorized institution on the valuation date
Price or other exchange rate that can reflect the fair value shall prevail.
10. The valuation of the Fund's investment depositary receipts shall be calculated in accordance with the stocks listed and traded in China.
11. If there is conclusive evidence that the above method of valuation cannot objectively reflect its fair value
The Fund Manager may, after consultation with the Fund Custodian according to the specific circumstances, estimate at the price that best reflects the fair value
Value.
12. In case of large amount subscription or redemption, the fund manager can adopt the swing pricing mechanism to
Ensure the fairness of fund valuation.
13. 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 divided into
Calculated based on the balance of such fund units on the current day, all are accurate to 0.0001 yuan, with the fifth fourth decimal place
Rounding, and the resulting error shall be included in the fund assets. The fund manager may set up
Net worth accuracy emergency adjustment mechanism. In order to prevent the interests of fund share holders from being protected by the decimal point of the net value of fund shares
The reserve precision is adversely affected, and the fund manager can improve the precision of the net value of fund units. If the state otherwise stipulates,
From its provisions.
The net asset value of the Fund and the net value of various fund units shall be calculated on each working day and announced as required. Ru Yu Te
Under special circumstances, the calculation or announcement may be postponed appropriately after proper procedures are performed.
2. The Fund Manager shall evaluate the assets of the Fund every working day. However, according to laws and regulations, the Fund Manager
Or the suspension of valuation under the Fund Agreement. The Fund Manager's valuation of the Fund's assets on each working day
After that, the net value results of various fund units to be announced will be sent to the Fund Custodian, which will be checked by the Fund Custodian
After that, the Fund Manager shall publish it to the public in accordance with regulations.
6、 Handling of valuation errors
The Fund Manager and the Fund Custodian will take necessary, appropriate and reasonable measures to ensure the valuation of the Fund assets
Accuracy and timeliness. When the net value of any type of fund unit is within 4 decimal places (including the 4th decimal place)
If the value is wrong, it shall be deemed that the net value of such fund units is wrong.
The parties to this Fund Contract shall deal with it in accordance with the following provisions:
1. Type of valuation error
During the operation of the Fund, if the Fund Manager or the Fund Custodian, or the registration authority, or
If the error in valuation is caused by the fault of the selling institution or the investor itself, causing losses to other parties, the fault
The person responsible for the loss of the party ("the injured party") who suffered losses due to the valuation error shall
"Valuation error handling principle" shall pay compensation and bear compensation liability.
The main types of the above valuation errors include but are not limited to: data declaration errors, data transmission errors
According to the calculation error, system failure error, instruction error, etc.
2. Principles for handling valuation errors
(1) When the valuation error has occurred, but has not caused losses to the parties, the party responsible for the valuation error shall
Coordinate all parties to correct the valuation errors in a timely manner, and the costs arising from the correction of valuation errors shall be borne by the party responsible for the valuation errors;
If the party responsible for the valuation error fails to correct the valuation error that has occurred in time, causing losses to the party concerned
The party responsible for the value error shall be liable for compensation for the direct loss; If the responsible party for the valuation error has actively coordinated, and
If the party who has the obligation to assist has enough time to make corrections but fails to make corrections, it shall bear the corresponding liability for compensation
Ren. The party responsible for the valuation error shall confirm the correction to the relevant parties to ensure that the valuation error has been obtained
To correct.
(2) The party responsible for the valuation error shall be responsible for the direct losses of the parties concerned, not for the indirect losses,
And it is only responsible for the direct parties involved in the valuation error, not the third party.
(3) The party who has obtained the unjust enrichment due to the valuation error has the obligation to return the unjust enrichment in a timely manner.
However, the party responsible for the valuation error shall still be responsible for the valuation error. If the party who has obtained unjust enrichment does not return
Or the loss of interests of other parties caused by not returning all the unjust enrichment ("the injured party"), then the valuation error liability
Either party shall compensate the loss of the injured party, and within the scope of the compensation amount paid by it
The parties have the right to demand the delivery of unjust enrichment; If the party who has obtained unjust enrichment has excluded this part
When the profits are returned to the aggrieved party, the aggrieved party shall add the amount of compensation it has already received to the amount of improper
The difference between the total return of profits and its actual loss shall be paid to the party responsible for the valuation error.
(4) The adjustment of valuation errors shall be made in the way of recovering to the correct situation assuming no valuation errors.
3. Valuation error handling procedure
After the valuation error is found, the relevant parties shall deal with it in a timely manner, and the handling procedures are as follows:
(1) Find out the causes of valuation errors, list all parties involved, and
Determine the responsible party for the valuation error;
(2) Losses caused by valuation errors according to the principle of handling valuation errors or the method negotiated by the parties
Conduct evaluation;
(3) According to the principle of handling valuation errors or the method negotiated by the parties concerned, the party responsible for valuation errors shall
Correction and compensation of losses;
(4) If it is necessary to modify the transaction data of the fund registration agency according to the method of handling valuation errors
The gold registration authority shall make corrections and confirm the correction of valuation errors to the relevant parties.
4. The method for handling errors in the valuation of the net value of fund units is as follows:
(1) In case of any error in the calculation of the net value of any type of fund unit, the Fund Manager shall immediately correct it,
Inform the Fund Custodian and take reasonable measures to prevent further losses.
(2) When the error deviation reaches 0.25% of the net value of such fund units, the Fund Manager shall notify the Fund Manager that
The fund custodian shall also report to the CSRC for filing; When the error deviation reaches 0.5% of the net value of such fund units
The fund manager shall make an announcement and report to the CSRC for the record.
(3) If the above contents are otherwise stipulated by laws and regulations or the regulatory authority, they shall be handled in accordance with their provisions. 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, futures trading market or foreign exchange market involved in the Fund's investment meets statutory holidays or
When the business is suspended for other reasons;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances identified by laws and regulations, the CSRC and the fund contract.
8、 Recognition of net fund value
The fund manager is responsible for calculating the net 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 that day after the end of trading on each working day 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. When the Fund Manager or the Fund Custodian carries out valuation according to Clause 11 of the valuation method
Errors shall not be treated as errors in fund asset valuation.
2. Due to the amount sent by securities and futures exchanges and their registration institutions, deposit banks and other third-party institutions
According to errors, or due to changes in national accounting policies, market rules and other changes, non fund managers and fund custodians
The Fund Manager and the Fund Custodian have taken necessary
Appropriately and reasonably take measures to check, but fail to find the error, resulting in the valuation of fund assets
In case of error, the Fund Manager and the Fund Custodian shall be exempted from liability for compensation. However, the Fund Manager and the Fund Custodian shall
Actively take necessary measures to eliminate or mitigate the impact.
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 net fund value information of various fund units in the main pocket account, and suspend the disclosure of the net fund value information 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, stock options trading or settlement of the Fund;
8. Bank transfer fees of the Fund;
9. Fund related account opening fees and account maintenance fees;
10. All reasonable expenses arising from investment in Hong Kong stocks;
11. Other items that may be disbursed from the fund assets in accordance with the relevant provisions of the State and the Fund Contract
cost.
2、 Fund expense accrual method, accrual standard and payment method
1. Management fee of fund manager
The management fee of the Fund is accrued at an annual fee rate of 1.20% of the net asset value of the Fund on the previous day. Calculation of management fee
The method is as follows:
H ＝ E × 1.20% ÷ days of the year
H is the daily accrued fund management fee
E is the net asset value of the fund on the previous day
The fund management fee is accrued daily, accumulated to the end of each month day by day, and paid monthly
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
A lump sum payment shall be made from the fund assets to the fund manager within 5 working days from the first day. In case of legal holidays
If the payment cannot be made on time due to rest days or force majeure, the payment shall be postponed to the latest payable day.
2. Custody fees of the Fund Custodian
The custody fee of the Fund is accrued at an annual fee rate of 0.20% of the net asset value of the Fund on the previous day. Calculation of custody fee
The calculation method is as follows:
H ＝ E × 0.20% ÷ days of the year
H is the fund custody fee that should be accrued every day
E is the net asset value of the fund on the previous day
The fund custody fee is accrued daily, accumulated to the end of each month day by day, and paid monthly
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 assets within 5 working days from the first day. In case of legal holidays, rest days or
If the payment cannot be made on time due to force majeure, the payment shall be postponed to the latest payable date.
3. Sales service fee
Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales service fees.
The fund sales service fee is based on the annual fee rate of 0.40% of the net asset value of Class C fund units on the previous day
The calculation method for accrual and sales service fee is as follows:
H=E × 0.40% ÷ days of the year
H is the daily accrued sales service fee for Class C fund units
E is the net asset value of the fund on the previous day for Class C fund units
The fund sales service fee is accrued daily, accumulated day by day to the end of each month, and paid monthly
After checking with the Fund Custodian, the Fund Custodian shall, in accordance with the method agreed with the Fund Manager
Within 5 working days from the first day of the next month, the fund property shall be paid to the registration authority in a lump sum, and the registration authority shall pay it on behalf
To the sales organization. If the payment cannot be made on time due to legal holidays, rest days or force majeure, it shall be postponed to
Pay on the latest payable day.
Items 4-11 of the above "I. Types of fund expenses" shall be paid according to relevant regulations and corresponding agreements
It is stipulated that the actual amount of expenses shall be included in the current expenses, which shall be paid by the Fund Custodian from the Fund assets.
3、 Items not included in fund expenses
The following expenses are not included in the fund expenses:
1. Expenses incurred by the Fund Manager and the Fund Custodian due to failure to perform or fail to fully perform their obligations or
Loss of fund property;
2. Expenses incurred by the Fund Manager and the Fund Custodian in handling matters unrelated to the operation of the Fund;
3. Relevant expenses before the Fund Contract comes into effect;
4. Other items that may not be included in the fund fees according to relevant laws and regulations and the relevant provisions of the CSRC
Objective.
4、 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; Fund share holders must
The fund share holders shall be responsible for the taxes paid, and the fund manager and the fund custodian shall not be liable for withholding
Obligation to pay or pay taxes.
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 corresponding types of fund units; If investors do not choose
Yes, the default income distribution method of the Fund is cash dividends;
3. After the distribution of fund income, the net value of various fund units cannot be lower than the par value, that is, the fund income distribution benchmark
The net value of various fund units on the day minus the amount of income distribution per unit of such fund units cannot be lower than the par value;
4. As Class A fund units of the Fund do not charge sales service fees, while Class C fund units charge sales
Service fees. The distributable profits corresponding to each fund share category will be different
1 The fund units shall enjoy equal distribution rights;
5. If laws and regulations or regulatory authorities have other provisions, such provisions shall prevail.
On the premise of not violating laws and regulations and having no material adverse impact on the interests of fund share holders
The fund manager may adjust the above fund income distribution principles as appropriate after performing appropriate procedures. This adjustment is not necessary
A general meeting of fund unit holders shall be held, but it shall be announced in the prescribed media before the date of implementation of the change.
4、 Income distribution scheme
The fund income distribution plan shall specify the distributable profits and fund income as of the base date of income distribution
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. Dang Tou
When the cash dividend of the investor is less than a certain amount and is insufficient to pay the bank transfer or other handling fees, the fund shall register
A bookkeeping institution may automatically convert the cash dividends of fund share holders into corresponding fund shares. Dividend reinvestment
The calculation method of capital shall be 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 carry out income distribution, as detailed in the prospectus.
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
The Fund Unitholders and their daily institutions (if any) of the General Meeting and other laws and regulations, as well as the regulations of the CSRC
Natural persons, legal persons and unincorporated organizations.
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.
5. After the fund raising application is registered with the CSRC, the fund manager shall
The announcement on the sale of fund units, the indicative announcement of the prospectus and the indicative announcement of the fund contract will be published a few days ago
It shall be published in the required newspapers and periodicals, and the fund unit sale announcement, fund prospectus, fund product information summary
The fund contract and the fund custody agreement shall be published on the specified website, in which the summary of fund product information shall also be published
On the website or business outlet of the fund sales agency; The Fund Custodian shall simultaneously transfer the Fund Agreement and the Fund Custodian Agreement
It is recommended to publish 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 information in the required newspapers and websites
The announcement on the effectiveness of the Fund Contract is published on.
（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
When the net value of fund units and cumulative fund units of various fund units are disclosed at least once a week on the specified website
Net worth.
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 fund units and the cumulative net value of fund units of various 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
The net value of fund units and the cumulative 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 (including
Quarterly portfolio report)
The Fund Manager shall complete the annual report of the Fund within three months from the end of each year
The annual report is published on the specified website, and the advisory announcement of the annual report is published on the specified newspaper. Fund year
The financial accounting report in the report shall be certified by an accountant who complies with the provisions of the Securities Law of the People's Republic of China
Audit by the firm.
The Fund Manager shall, within two months from the end of the first half of the year, prepare the interim report of the Fund and
The interim report is published on the specified website, and the suggestive announcement of the interim report is published on the specified newspaper.
The Fund Manager shall complete the quarterly report of the Fund within 15 working days from the end of the quarter,
Publish the quarterly report on the specified website, and publish the suggestive announcement of the quarterly report on the specified newspaper.
If the Fund Contract takes effect less than two months ago, the Fund Manager may not prepare the current quarterly report
Periodic report or annual report.
In the report period, if a single investor holds 20% or more of the total fund shares
In order to protect the rights and interests of other investors, the fund manager shall at least report regularly on "influencing investors' decisions"
The category, holding shares and proportion at the end of the reporting period, and report of the investor are disclosed under "Other important information of the policy"
Changes in shares held during the period and the unique risks of the Fund, except for special circumstances recognized by the CSRC.
The fund manager shall disclose the fund portfolio assets and their
Liquidity risk analysis, etc.
（7） Interim report
In the event of a major event of the Fund, the relevant information disclosure obligor shall prepare an interim report as required, and
Published in the specified newspapers and websites.
The term "major event" as mentioned in the preceding paragraph refers to the possible impact on the rights and interests of fund unit holders or the price of fund units
The following events with significant impact:
1. The convening and decisions of the general meeting of fund share holders;
2. The Fund Contract is terminated and the Fund is liquidated;
3. Conversion of fund operation mode and fund merger;
4. Change of fund manager, fund custodian, fund share registration agency, and change of fund accounting firm
Office;
5. The fund manager entrusts the fund service agency to handle the registration, accounting and valuation of fund shares on its behalf
Matters: the Fund Custodian entrusts the Fund Service Institution to handle the accounting, valuation, review and other matters of the Fund on its behalf;
6. The legal names and addresses of the Fund Manager and the Fund Custodian have changed;
7. The actual change of shareholders holding more than 5% of the equity by the Fund Manager and the change of the Fund Manager
Controller;
8. The fund raising period is extended or the fund raising is terminated in advance;
9. Senior management of the fund manager, fund manager and special fund custody department of the fund custodian
The person in charge changes;
10. If the directors of the Fund Manager have changed by more than 50% in the last 12 months, the 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. Withdrawal of fund management fee, fund custody fee, sales service fee, subscription fee, redemption fee and other fees
Changes in standards, accrual 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 has a large amount of redemption and delays the processing or payment of redemption funds;
19. The Fund suspends accepting subscription and redemption applications or re accepts subscription and redemption applications;
20. The Fund has successively made major redemptions and suspended the acceptance of redemption applications or deferred the payment of redemption funds;
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 setting of the fund unit category;
24. The Fund launches new businesses or services;
25. The price that the Fund Information Disclosure Obligor believes may be paid to the rights and interests of Fund Unitholders or Fund Units
Other matters that have a significant impact or other matters specified by the CSRC.
（8） Clarification announcement
During the duration of the Fund Contract, any information that appears in any public media or spreads in the market
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） Information disclosure of fund investment in stock index futures and treasury bond futures
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
(Update) and other documents disclose the trading of stock index futures and treasury bond futures, including trading policies, positions
Profit and loss, risk indicators, etc., and fully reveal the overall risk of stock index futures and treasury bond futures trading on the fund
Impact and compliance with established trading policies and objectives.
（11） Information disclosure of fund investment stock options
The Fund Manager shall disclose the relevant information about its participation in stock option trading in the regular information disclosure documents,
Including investment policies, positions, profits and losses, risk indicators, valuation methods, etc., and fully revealing stocks
The impact of option trading on the overall risk of the Fund and whether it conforms to the established investment policies and investment objectives.
（12） 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 market value of asset-backed securities in the net assets of the fund and the description of all asset-backed securities during the reporting period
Thin.
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.
（13） Information disclosure of the Fund's investment in Hong Kong stocks
The Fund Manager shall submit quarterly reports, interim reports, annual reports and other regular reports and prospectuses
(Update) and other documents disclose the relevant information about participating in the stock trading of Hong Kong Stock Connect.
（14） Liquidation report
Where the operation of a fund is terminated, the fund manager shall organize a fund assets liquidation team to conduct a review of the fund assets in accordance with the law
Bank liquidation and make liquidation report. The fund assets liquidation team shall publish the liquidation report on the specified website,
And publish the suggestive announcement of the liquidation report on the prescribed newspapers and periodicals.
（15） Information disclosure of restricted securities for fund investment and circulation
The Fund Manager shall disclose in the Fund's annual report and interim report in accordance with relevant laws and regulations
The total amount of tradable restricted securities held by it, the proportion of the market value of tradable restricted securities in the net assets of the fund and the report period
Details of all negotiable restricted securities.
The Fund Manager shall disclose the flow held by it in the quarterly report of the Fund in accordance with relevant laws and regulations
The proportion of the total amount of restricted securities, the market value of restricted securities in the net assets of the fund and the market value in the basis at the end of the reporting period
Details of the top 10 circulating restricted securities ranked by the proportion of net assets.
（16） Report on subscription shares of initiating funds
The Fund Manager shall, in accordance with the provisions of relevant laws and regulations, explain the Fund in the announcement on the effectiveness of the Fund Contract
Raising situation and fund manager, senior management personnel of fund manager, fund manager and other personnel as well as fund management
Fund shares held by the managing shareholder, the period of commitment to hold, etc.
The Fund Manager shall, in accordance with the provisions of relevant laws and regulations
The report discloses the inherent capital of the fund manager, senior managers of the fund manager, fund managers, etc
The share, term and period changes of the Fund held by the personnel and the shareholders of the Fund Manager.
（17） Information disclosure of fund participation in financing
When the Fund participates in financing, the Fund Manager shall regularly submit quarterly reports, interim reports, annual reports, etc
The report, prospectus (update) and other documents disclose the participation in financing transactions, including investment strategies
Business development, profit and loss, risk and management, etc.
（18） 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.
（19） Other information specified by the CSRC.
6、 Information disclosure management
The Fund Manager and the Fund Custodian shall establish and improve the information disclosure management system, designate special departments and
Senior management is responsible for managing information disclosure.
The public disclosure of fund information by the fund information disclosure obligor shall comply with the relevant fund information of the CSRC
The disclosure content and format standards and other regulations.
The Fund Custodian shall comply with relevant laws and regulations, the provisions of the CSRC and the provisions of the Fund Contract
Determine the net asset value of the fund, the net 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 required newspapers to disclose the Fund's letter
Interest. The Fund Manager and the Fund Custodian shall submit the information to be disclosed to the electronic disclosure website of the CSRC
Fund information, and ensure the authenticity, accuracy, integrity and timeliness of relevant 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 regulations of China Securities Regulatory Commission. In case of any information disclosure fee arising from the aforesaid independent disclosure, such fee shall not be transferred from the fund property
Chinese listed.
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、 The Fund Manager and the Fund Custodian may suspend or delay the disclosure of fund information when
Related information:
1. The securities, futures exchanges or foreign exchange markets involved in the Fund's investment meet statutory holidays or other reasons
The business is suspended due to reasons;
2. The Fund Manager and the Fund Custodian are unable to accurately evaluate the Fund due to force majeure or other circumstances
The asset value;
3. When specific assets account for more than 50% of the net asset value of the fund on the previous valuation date
After confirmation, the Fund Manager shall suspend the valuation;
4. Other circumstances stipulated by laws and regulations, recognized by the CSRC or the Fund Contract.
Part XIX Change and Termination of Fund Contract and Liquidation of Fund Assets
1、 Changes to the Fund Contract
1. The Fund Unitholders shall be responsible for the change of the Fund Contract in accordance with the provisions of laws and regulations or this Fund Contract
If a resolution is passed at the general meeting, a general meeting of fund share holders shall be convened to pass the resolution. For laws and regulations
The Fund Manager and
The Fund Custodian shall make an announcement of the change upon consent and report it to the CSRC for filing.
2. The resolution of the General Meeting of Fund Unitholders on the change of the Fund Contract must be reported to the CSRC for filing,
The resolution shall come into force on the date of voting, and the resolution shall be announced in the specified media as required after it takes effect.
2、 Reasons for Termination of the Fund Contract
Under any of the following circumstances, the Fund Contract shall be terminated after performing the relevant procedures:
1. The General Meeting of Fund Unitholders decides to terminate;
2. The responsibilities of the Fund Manager and the Fund Custodian are terminated, and there are no new Fund Managers or new Fund Custodians within 6 months
Undertaken by the Fund Custodian;
3. Other circumstances stipulated in the Fund Contract;
4. Other circumstances stipulated by relevant laws and regulations and the CSRC.
3、 Liquidation of fund assets
1. Fund asset liquidation team: within 30 working days from the date of termination of the Fund Contract
Establish a fund asset liquidation group, and the fund manager shall organize the fund asset liquidation group and supervise it in the CSRC
Supervise the fund liquidation.
2. Before the Fund assets liquidation team takes over the Fund assets, the Fund Manager and the Fund Custodian shall
Continue to perform the responsibility of protecting the safety of the Fund's assets in accordance with the provisions of the Fund Contract and the Custody Agreement.
3. 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.
4. Responsibilities of the Fund Assets Liquidation Team: The Fund Assets Liquidation Team is responsible for the custody, liquidation
Valuation, realization and distribution. The fund assets liquidation team may carry out necessary civil activities according to law.
5. Fund asset liquidation procedures:
(1) In case of termination of the Fund Contract, the Fund 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) Engage an accounting firm to conduct external audit on the liquidation report, and engage a law firm to conduct liquidation
The report shall issue a legal opinion;
(6) Report the liquidation report of the Fund assets to the CSRC for filing and announcement;
(7) Distribute the remaining assets of the Fund.
6. The time limit for the liquidation of the Fund's assets is six months, but the liquidity of the securities held by the Fund is limited
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, in any of the following circumstances, the party concerned shall be exempted from liability:
1. Force majeure;
2. The Fund Manager and/or the Fund Custodian shall comply with the then effective laws and regulations or the regulations of the CSRC
Losses caused by acts or omissions;
3. The Fund Manager exercises or does not exercise its investment right in accordance with the investment principles specified in the Fund Contract
Loss caused, etc.
2、 To protect the interests of fund share holders to the greatest extent in the event of breach of contract by one or more parties
If the Fund Contract can continue to be performed, it shall continue to be performed. The non defaulting party is in office
Within the scope of responsibility, it is obliged to take necessary measures in time to prevent the expansion of losses. Failure to take appropriate measures resulted in
If the loss is further expanded, no claim may be made for compensation for the expanded loss. The non defaulting party paid for preventing the loss from expanding
The reasonable expenses incurred shall be borne by the defaulting party.
3、 Due to factors beyond the control of the Fund Manager and the Fund Custodian, business errors occur
Although the Manager and the Fund Custodian have taken necessary, appropriate and reasonable measures for inspection, they fail to
The Fund Manager and the Fund Custodian will be exempted from compensation for the loss of the Fund property or investors caused by the discovery of errors
Liability. However, the Fund Manager and the Fund Custodian shall actively take necessary measures to mitigate or eliminate this
The impact of success.
Part XXI Dispute Settlement and Applicable Law
All parties agree that all disputes arising from or in connection with the Fund Contract
If no settlement can be reached through friendly negotiation or mediation, either party has the right to submit the dispute to the China International Economic and Social Council
The Economic and Trade Arbitration Commission shall conduct arbitration in accordance with its arbitration rules in effect at that time. The place of arbitration shall be Beijing.
The arbitration award is final and binding on all parties. Unless otherwise decided by the arbitration award, the arbitration fee
The attorney fee shall be borne by the losing party.
During the dispute settlement period, the parties to the fund contract shall abide by their respective duties and continue to be faithful, diligent and responsible
To perform the obligations specified in the Fund Contract and safeguard the legitimate rights and interests of the Fund Unitholders.
The Fund Contract is governed by Chinese laws (for the purpose of this Fund Contract, excluding laws of Hong Kong, Macao and Taiwan)
Jurisdiction and interpretation.
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 seal 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 reporting one copy to the relevant regulatory authority
The Fund Custodian and the Fund Custodian each hold one copy, each of which has 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.