Fund conversion can be divided into two ways: regular and irregular. The B share may have exceeded the value of 1 or 2 during the periodic conversion, and the upward discount will restore the high leverage of the fund and may cause losses. There are different ways to deal with the up-fold and down-fold of irregular conversion. If the fund is converted due to a serious decline, losses may also occur at this time.

Fund share refers to the public offering to investors, which means that the holder enjoys the right of income distribution, the right to obtain the remaining property after liquidation and other related rights according to his share, and assumes corresponding obligations. Fund share conversion refers to adjusting the total amount of fund shares according to a certain proportion under the premise that the net asset value of the fund remains unchanged, so that the net asset value of the fund unit decreases accordingly.

After the share conversion, the total amount of fund shares and the number of fund shares held by the holders will be adjusted, but the adjusted proportion of fund shares held by the holders in the total amount of fund shares will remain unchanged. The conversion of shares has no substantial impact on the rights and interests of the holders. For details, please refer to the relevant announcements of fund share conversion. The fund manager will announce the results of share confirmation and fund share conversion of centralized subscription.

The net asset value of fund shares, that is, the net asset value represented by each fund share. Among them, total assets refer to all assets owned by the fund (including stocks, bonds, bank deposits and other securities, etc.). ) calculated at fair price. Total liabilities refer to liabilities arising from fund operation and financing, including various expenses payable to others, interest payable on funds, etc. The total number of fund shares refers to the total number of fund shares issued at that time.