T+ 1 day: the parent fund suspends subscription, redemption and matching conversion. Securities A/ Securities B are traded normally. After the closing, the share conversion ratio is calculated according to the net value of T+ 1 day. The net value of the parent fund and securities B is close to the net value of securities A, that is, the part of the parent fund and securities B whose net value is higher than that of securities A is converted into the on-site parent fund and returned to the original holder.
T+2 day: the parent fund suspends subscription, redemption and pairing conversion, and the securities A are traded normally, while the securities B are suspended.
T+3 day: the confirmation result of share conversion will be announced, and investors can inquire about the fund share in the account. Securities A is trading normally. Securities B will resume trading at 10: 30, and the parent fund will resume subscription, redemption and pairing conversion. It should be noted that the pre-closing price of B securities displayed in the real-time market on the day of resumption of trading is the reference net value of B securities on T+2.
T+4 day: the investors who split get the split securities A and B, which can be sold on the same day.