The principles of fund valuation are as follows:

1. If there is a market price on the valuation date, the market price will be used to determine the fair value;

2. There is no market price on the valuation date. , but if the economic environment has not changed significantly since the latest trading day and the securities issuer has not had any major events that affect the security price, the most recent trading market price will be used to determine the fair value;

3. There is no market price on the valuation date, and the recent If the economic environment changes significantly after the transaction date or the securities issuer has a major event that affects the price of securities, causing potential valuation adjustments to have an impact of more than 0.25% on the net asset value of the fund on the previous valuation day, refer to the current regulations for similar investment types. Based on the market price and major changes, adjust the recent transaction market price to determine the fair value.