Redemption of the fund is selling. Listed closed-end funds are sold in the same way as ordinary stocks. Open-end fund is the price for applying to sell all or part of your fund to a fund company to redeem you. The amount of redemption proceeds is the number of units that sell the fund multiplied by the net value on the day of sale, and then the redemption fee is deducted.

Fund redemption amount limit:

1. If the balance of fund shares held by fund share holders is less than 1000 due to a redemption, all fund shares in the balance must be redeemed together.

2. The fund manager may, according to the market situation and with the permission of laws and regulations, adjust the above-mentioned quantitative restrictions on the subscription amount and redemption share. Before the adjustment takes effect, the fund manager must make an announcement on at least one designated media and the fund manager's website, and report to the China Securities Regulatory Commission for the record.