1. There are two main ways to rectify hierarchical funds, namely liquidation and transformation.

1. Existing individual investors can still choose to continue to hold or sell their current tiered fund shares, but if they want to buy, they must find ways to meet the above conditions. Investors below 300,000 (total securities assets) can only sell but not buy.

2. To open the authority, you must go to the sales department to sign the "Risk Disclosure Statement". In addition to the 300,000 threshold, individual investors should sign the "Risk Disclosure Statement" in writing on-site at the sales department.

2. The impact of the implementation of the new regulations on tiered funds:

1. The maturity of the tiered fund market will definitely improve: investors are more sophisticated and will respond positively to the market It will be faster (it will rise faster and fall faster).

2. The overall market for hierarchical funds has shrunk: the total amount of funds has shrunk, and fund managers have better management, but fund performance is expected to be slightly better than before.

Warm reminder: The above information is for reference only. Ping An Bank sells a variety of fund products. Different funds have different risks, returns and investment directions. You can log in to the home page of Ping An Pocket Bank APP -Financial Management-Fund Channel to understand and purchase.

Response time: 2021-12-15. For the latest business changes, please refer to the official website of Ping An Bank.