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The fund lowered its valuation.
The fund's heavy stocks have been suspended for a long time due to restructuring and other reasons. If the holding price is always calculated according to the price before the suspension in the estimation of the fund's net value, once the whole market falls sharply during the suspension of the stock, the suspended stock will have a high probability to make up for the decline, and then the fund's net value will fall sharply, which will have an instant impact on the fund's net value. Many citizens redeemed their funds in advance because they were worried that the net value of the fund would fall after the resumption of trading, which might be unfair to the fund holders. Because the fund holders redeemed before the resumption of trading can redeem at a higher price, which will cause losses to the holders who held it after the resumption of trading, the fund should adjust the valuation of the stocks that have been suspended and have a great impact on the net value.

The fund adjusts the stock valuation, that is, institutional investors think the stock will fall.