In any of the following circumstances, the asset management plan is terminated:

(a) the asset management plan expires and will not be extended;

(2) The securities and futures business institution has been disqualified from asset management business or dissolved, revoked or declared bankrupt according to law, and there is no new manager to undertake it within six months;

(3) The custodian is disqualified from fund custody or dissolved, revoked or declared bankrupt according to law, and there is no new custodian to undertake it within six months;

(4) All investors, securities and futures institutions and custodians decide to terminate the contract through consensus.

(5) Termination of the asset management contract.

(6) During the existence of the collective asset management plan, there are less than two investors within five working days;

(seven) other circumstances stipulated by laws, administrative regulations and the China Securities Regulatory Commission.

Securities and futures institutions shall, within five working days from the date of termination of the asset management plan, report to the Securities Investment Fund Association for the record, and send a copy to the relevant dispatched offices of the China Securities Regulatory Commission.