Delayed valuation of fund companies: It will take some time for fund companies to update their valuations, because the fund valuations are calculated according to the market conditions and data sources of fund investments, and the slow update of fund companies' valuations will lead to the untimely update of fund valuations.

Trading hours: fund trading, like stock trading, is only conducted during trading hours. If it is purchased or redeemed outside trading hours, it will affect the normal calculation of valuation. Fund valuation will not be updated in real time, but calculated at trading time.