The fund manager may suspend accepting the redemption application of fund investors under the following circumstances: (1) The fund cannot operate normally due to force majeure;

(2) The stock exchange is abnormally closed during trading hours;

(3) Other circumstances stipulated by laws and regulations or recognized by China Securities Regulatory Commission.

When the above situation occurs, the fund manager will report to the China Securities Regulatory Commission on the same day, and the accepted application will be fully paid by the fund manager; If it cannot be paid in full for the time being, the redeemable part will be distributed to the redemption applicant according to the proportion of the application amount of a single account to the total application amount, and the unrewarded part will be paid on the subsequent open day according to the principle formulated by the fund manager, and the redemption amount will be calculated according to the net asset value of the fund unit on the open day. When applying for redemption, investors can choose to cancel the part that was not accepted on that day. Matters not specified in the fund contract or prospectus occur, but the fund manager has justified reasons to think that it is necessary to suspend the fund redemption, which shall be reported to the China Securities Regulatory Commission for approval; After approval, the fund manager shall immediately publish a suspension announcement in the designated media; During the suspension period, an informative announcement shall be issued at least once every two weeks; When the fund is suspended from reopening and redeeming, the fund manager shall publish the announcement of the fund reopening and redeeming and the announcement of the net asset value of the fund unit in the latest working day in the designated media.

I hope our answer from Guotai Junan Securities Shanghai Branch will satisfy you!

Respondent: Manager Hong, account manager of Guotai Junan Securities (employee number: 00930 1)

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