Subscription fee = net subscription amount x subscription rate (1)

Net Subscription Amount = Subscription Amount-Subscription Fee (2)

Substituting (1) into (2), we can get:

Net Subscription Amount = Subscription Amount-Net Subscription Amount x Subscription Rate (3)

Move the second item to the left and arrange it as follows:

Net subscription amount = subscription amount /( 1+ subscription rate) (4)

Subscription share = net subscription amount/par value of fund share on subscription date (5)

The par value of fund shares is usually 1.00 yuan/share.

Considering the interest during the subscription period, Formula (5) can be changed to:

Subscription share = (net subscription amount+interest during subscription period)/par value of fund share on subscription date (6)

If you move the net subscription amount in (1) to the left, you can get:

Subscription Rate = Subscription Fee/Net Subscription Amount (7)

As can be seen from formula (7), the subscription rate is the ratio of the subscription fee to the net subscription amount.

Tips:

1. The above contents are for reference only and do not make any suggestions;

2. Before investing, it is recommended that you first understand the risks existing in the project and have a clear understanding of the investors, investment institutions, chain activity and other information of the project, instead of blindly investing or straying into the capital market. Investment is risky, so be cautious when entering the market.

Reply time: 2021-11-29. Please refer to the latest business changes announced by Ping An Bank in official website.