When there is a huge redemption, the fund manager can decide to fully redeem or partially postpone the redemption according to the asset portfolio status of the fund at that time.
(1) Full redemption: When the fund manager thinks that he has the ability to pay all the redemption applications of investors, he should follow the normal redemption procedures.
(2) Partial Deferred Redemption: When the fund manager thinks that it is difficult to pay the investor's redemption application or that paying the investor's redemption application may cause great fluctuation to the fund's net asset value, the fund manager will postpone the remaining redemption application on the premise that the redemption ratio accepted on the same day is not less than 65,438+00% of the total fund share of the previous day. For the redemption application of a single fund share holder, the redemption share handled by a single fund share holder on that day shall be determined according to the proportion of the redemption share applied for to the total redemption share applied for that day; If the investor fails to redeem the part, it will be postponed to the next open day, unless the investor chooses to cancel the unprocessed part of the day when submitting the redemption application, and the redemption price is the price of the next open day. Redemptions transferred to the next open day in accordance with the above provisions do not enjoy redemption priority, and so on until all redemptions are completed. Partial deferred redemption is not limited by the minimum share of a single redemption. For the on-site redemption part, the redemption application that was not accepted on that day will be automatically revoked and will not be postponed to the next open day.
(3) Announcement of Huge Redemption: When a huge redemption occurs and the redemption is postponed, the fund manager shall make an announcement through the designated media of the fund manager, the company website or the outlets of the consignment agency within 3 working days, and file it with the China Securities Regulatory Commission and the China Securities Regulatory Commission, where the fund manager is mainly located, on the day of public disclosure. At the same time, notify the fund share holders by mail, fax or other means specified in the prospectus, and explain the relevant handling methods.
If the fund has been redeemed for more than two consecutive open days, the fund manager may suspend the acceptance of the redemption application if necessary; The accepted redemption application may delay the payment of the redemption money, but it shall not exceed 20 working days, and shall be announced in at least one designated media.