(1) Apply for subscription and redemption. After handling the relevant formalities in accordance with the provisions of the securities agency, investors should prepare enough consideration and apply for subscription and redemption within the opening hours of the open day. When applying for subscription, investors must prepare corresponding securities and cash combinations according to the subscription and redemption list. When investors apply for redemption, they must have enough fund shares and cash.

(2) Confirmation of application for purchase and redemption. The Shenzhen Stock Exchange will immediately confirm the applications and redemption declarations that meet the requirements, and void the applications and redemption declarations that do not meet the requirements. On the day of application, investors can check the confirmation through the sales outlets where they subscribe and redeem.

(3) liquidation, delivery and registration of subscription and redemption. After the successful purchase and redemption of investors on T day, the registration and settlement institution will handle the settlement and delivery of portfolio securities, fund shares and cash substitutes for investors after the market closes on T day, fund shares and cash substitutes and cash difference on T+ 1 day, and cash difference on T+2 day, and send the results to securities companies, fund managers and fund custodians.