Mode of operation of the Fund The Fund adopts a regular and open mode of operation, that is, a mode of alternating closed operation and open operation. The start date of the first closed period of the fund is the effective date of the fund contract, and the end date is the penultimate day of the anti-Japanese day of the third year corresponding to the effective date of the fund contract. The start date of the second closing period is the day after the end date of the first opening period, and the end date is the penultimate day of the annual comparison date of the third year corresponding to the start date of the second closing period, and so on. Year-to-date refers to the corresponding date of a specific date in the subsequent calendar year. If the corresponding date is a non-working day, it will be postponed to the next working day. If there is no corresponding date in the calendar year, it will be postponed to the next working day on the last day of the month. The Fund will not handle the subscription and redemption business during the closed period, but investors can transfer the fund shares through the Shanghai Stock Exchange after the fund is listed and traded.
The Fund enters the opening period from the next working day after the closure period (that is, the first day of each opening period is the opposite day of the third year of each closure period, including this working day), during which subscription, redemption or other business can be handled. In principle, each opening period of the Fund shall not be less than 5 working days, and the longest shall not exceed 20 working days. The specific time of the open period shall be announced by the fund manager before the end of the last closed period. If force majeure or other circumstances occur during the opening period, resulting in the failure to open the fund on time or suspension of the subscription or redemption business according to the needs of the fund contract, the fund manager has the right to reasonably adjust the processing period of the subscription or redemption business and make an announcement.