1. Fund shares are publicly issued by the fund sponsor to investors, indicating that the holder has the right to income distribution, the right to acquire the remaining property after liquidation and other related rights to the fund property based on the shares he holds. and bear corresponding obligations.

2. Calculation method: The fund is generally calculated using the external deduction method. The subscription amount of the fund includes the subscription fee and the net subscription amount. The fund share is based on the ratio of the investment fund after deducting the subscription fee and the initial net value of the fund unit. , the specific calculation formula is:

Net subscription amount = subscription amount/(1+subscription rate);

Subscription fee = subscription amount-net subscription amount;

Subscription shares = net subscription amount/net value of fund shares on T day.