In general, the application for fund subscription and redemption submitted on the trading day 15:00 (excluding) shall be based on the net value of the fund on the application day, and the application and redemption submitted after the trading day 15:00 (including) shall be based on the net value of the fund on the following trading day. If the fund subscribes, the share shall be confirmed on the third trading day after the establishment of the fund; If the fund subscribes, the share shall be confirmed on the third trading day from the date of subscription.