Redemption extension means that when there is a huge redemption of the fund, the share that has not been redeemed on the same day will continue to be postponed to the next day. Redemption generally takes t+5 working days, and holidays are postponed. If there is a huge redemption on the redemption date, investors can only redeem a part according to a certain proportion. If they choose to continue to redeem, the rest will automatically continue to redeem on the next trading day until they are fully redeemed.

Redemption cancellation means that investors have the right to choose to cancel the deferred redemption application in case of huge redemption when submitting the redemption application. Investors can submit the cancellation application and cancel it before 15: 00 on the same day. After 15: 00, even if the fund is still in the "unconfirmed" state, the application cannot be cancelled.

Extended data:

Conditions to be met for fund conversion:

1, two synchronous open-end funds sold in the same sales organization and registered by the same registrant;

2. Open-end funds with front-end charging mode can only be converted into funds with other front-end charging modes, and funds with zero subscription fees default to front-end charging mode.

3. Funds with back-end charging mode can be converted into funds with other front-end or back-end charging modes.

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Baidu Encyclopedia-Cancel redemption

Baidu Encyclopedia-Fund Conversion