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What do you mean by 1: 1 and 4735?
When the fund is first issued, its face value is generally 1.000 yuan.

After investment and operation, its net value reached 1.4735 yuan.

For investment and other purposes,

It needs to be split to unify the net value.

Suppose investors hold 10000 shares of the fund, and the net value of the fund on that day is 1.4735 yuan.

After splitting according to the ratio of 1: 1.4735,

Investors hold 14735 shares with a net value of 1.0000 yuan.

The total market value remains unchanged.