1. The number of fund shares of open-end funds does not change in real time.

It’s just that when subscribing for a fund, the fund shares cannot be seen because the confirmation time of the fund cannot be seen until T+2.

In addition, the net value of fund units for fund shares is: First, the fund subscription before 15:00 on the trading day is based on the net value of the fund unit on that day; after 15:00 on the trading day, the net value of the fund unit on the second trading day is used.

If there are legal holidays on Saturdays and Sundays, the net value will be postponed to the next trading day.

2. The total number of units of open-end funds is different every day. It must be counted after the trading closes on the day, and divided by the net asset value of the fund on that day to get the net asset value of the unit on that day, which is used as the basis for investors' subscription and redemption.

Fund subscriptions and redemptions occur every day, so the net asset value of fund units as the basis for transactions must be calculated after the market closes every day and announced the next day.