1. There is no time limit for the redemption of the Nuoan principal-guaranteed hybrid fund. However, if the fund shares purchased during the subscription period of the capital preservation fund expire, the capital preservation clause can be applied. The capital preservation clause does not apply to the fund shares purchased during the duration of the fund and the fund shares purchased during the raising period but redeemed before the expiration of the capital preservation period.

2. Concept introduction:

Hybrid fund refers to a fund that invests in stocks, bonds and money markets at the same time without a clear investment direction. Its risk is lower than that of stock funds and its expected return is higher than that of bond funds. It provides investors with a tool to diversify their investments among different assets, which is more suitable for more conservative investors.

Capital preservation fund: a capital preservation fund that provides a certain proportion of investment principal within a certain period of time. Funds use interest or a very small proportion of assets to engage in high-risk investments, and most assets are engaged in fixed-income investments, so that no matter how the market of fund investment falls, it will not be lower than the guaranteed price, thus achieving the so-called "guaranteed" effect. Internationally, the capital preservation fund can be divided into two types: guarantee fund and guarantee fund, in which the guarantee fund does not need a third party to provide guarantee. Generally speaking, a capital preservation fund invests most of its assets in fixed-income bonds, so as to pay the investor's principal when the fund expires, and the remaining assets are about 15%-20% invested in stocks and other tools to improve the return potential.