The net value of the fund does not necessarily change once a day. The Measures for the Administration of Information Disclosure of Securities Investment Funds have different time requirements for different types of fund products to announce the net value of funds.

1) The fund manager shall publish the net asset value and the net fund share value on the next day of the last market trading day of the semi-annual and annual period, and publish the net asset value, the net fund share value and the accumulated net fund share value in the designated newspapers and websites.

2) For closed-end funds, the fund manager shall announce the net asset value and net share value of the fund at least once a week.

3) For open-end funds, the fund manager shall announce the net asset value and net fund share value at least once a week after the fund contract comes into effect and before the fund share purchase or redemption.

4) After the open-end fund is open for subscription and redemption, the fund manager shall disclose the net value of fund shares and the accumulated net value of fund shares on the second day of each open day through websites, fund share selling outlets and other media.