During the closed period of the Fund, investors' applications for subscription and redemption are not accepted. On the one hand, the purpose is to make the best preparation for the daily subscription and redemption of the fund background, on the other hand, the fund manager will complete the previous investment arrangement according to the situation of the securities market.

Generally, the operating instructions of the fund will indicate the closed period of the fund, and the closed period of the fund will not exceed 3 months. When the fund successfully raises enough funds to be declared, it will enter a closed period, during which it cannot be purchased and redeemed, and it can only apply for redemption after listing and trading.