Announcement of Shangtou Morgan Fund Management Co., Ltd. on Suspension of Subscription and Transfer to Business of Shangtou Morgan Domestic Demand Power Stock Securities Investment Fund
On June 26th, 2007, the Shanghai Investment Morgan Domestic Demand Power Stock Securities Investment Fund (hereinafter referred to as "the Fund") managed by the Company opened its daily subscription, which attracted wide attention and enthusiastic subscription from investors on the opening day.
In order to ensure that all investors can continue to enjoy international-level customer service and give consideration to the effective operation of fund assets, according to the relevant regulations of China Securities Regulatory Commission and Item (3) of Article 9 "Refusal or suspension of subscription" in Part V of the Fund Contract for Investing in Morgan Domestic Demand Power Stock Securities Investment Fund, the fund assets are too large, which leads to the fund manager being unable to find a suitable investment variety or may have a negative impact on the fund performance. Thus damaging the interests of existing fund share holders, the company decided to suspend the subscription of this fund and the business transferred from other open-end funds managed by the company from the date of announcement. When to resume the daily subscription and transfer business of the Fund, the Company will make a separate announcement.
During the suspension of subscription to business, the direct sales channels of the Company and the sales outlets of China Merchants Bank Co., Ltd. (hereinafter referred to as "China Merchants Bank") will continue to handle the fixed investment business of domestic demand power for investors with the original fixed plan (for details of the fixed investment business, investors can refer to the Announcement on Handling the Fixed Subscription Business of Morgan Domestic Demand Power Stock Securities Investment Fund issued by the Company on June 25, 2007). Other sales channels are actively working on system improvement, and when to start processing, the company will announce it separately.
During the suspension of subscription and transfer, the redemption and transfer of domestic demand electricity will be carried out normally.
Investors can visit our website (www.5 1fund.com) or call the customer service number 02 1-38794888 and 400-889-4888 for relevant information.
Risk warning: the fund manager promises to manage and use the fund assets in good faith and due diligence, but does not guarantee a certain profit or minimum income of the fund. Investors should carefully read the fund contract and prospectus of this fund when investing in this fund. Investors are advised to pay attention to investment risks.
It is hereby announced.
Shangtou Morgan Fund Management Co., Ltd.
June 27(th), 2007