If it is purchased through China Merchants Bank, it will only be redeemed on the expiration date of each operation period. Before the expiration date of each operation period, fund share holders cannot apply for redemption.

For each fund share, the first share

The operation period refers to the effective date of the fund contract (for subscription shares, the same below) or the subscription confirmation date of the fund shares (for subscription shares, the same below) (that is, the first operation start date) to the effective date of the fund contract or the effective date of the fund share application.

The subscription date is the month of one month (that is, the expiration date of the first operation period). If the corresponding day is a non-working day, it will be postponed to the next working day. The second operation period refers to the next working day after the expiration of the first operation period.

Until the effective date of the fund contract or two months after the application date of fund share subscription (if the day is a non-working day, it will be postponed to the next working day). And so on.

Month-day matching: refers to the corresponding date of the effective date of the fund contract (for subscription shares, the same below) or the application date of fund share subscription (for subscription shares, the same below) in the following calendar month. If there is no corresponding date in this calendar month, it will be postponed to the next working day.