According to the relevant provisions of the Fund Contract of Southern Ding Holding Hybrid Securities Investment Fund in One Year and the Prospectus of Southern Ding Holding Hybrid Securities Investment Fund in One Year, the opening day of subscription and redemption of Southern Ding Holding Hybrid Securities Investment Fund in One Year is the normal trading day of Shanghai Stock Exchange and Shenzhen Stock Exchange, unless the fund manager announces suspension of subscription and redemption according to laws and regulations, the requirements of China Securities Regulatory Commission or the provisions of the fund contract. According to the fund contract, when the trading hours of the securities/futures exchange are abnormally closed or the Hong Kong Stock Connect is temporarily closed, the fund manager cannot calculate the net asset value of the fund on that day, and the fund manager can suspend accepting the application for subscription and redemption from investors.

I. What is a fund

A fund generally refers to a certain amount of funds set up for a specific purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.

From the accounting point of view, capital is a narrow concept, which refers to funds with specific purposes and uses. The fund we are talking about mainly refers to the securities investment fund.

Second, the classification of funds.

According to different standards, securities investment funds can be divided into different types:

(1) According to whether the fund share can be increased or redeemed, it can be divided into open-end funds and closed-end funds. Open-end funds are not traded on the market (as the case may be), and the fund scale is not fixed through subscription and redemption by banks, securities companies and fund companies; Closed-end funds have a fixed duration and are generally listed and traded on stock exchanges. Investors buy and sell fund shares through the secondary market.

(2) According to different organizational forms, it can be divided into corporate funds and contractual funds. Fund is an investment fund company established by issuing fund shares, usually called corporate fund; Usually called contractual fund, it is established by fund managers, fund custodians and investors through fund contracts. China's securities investment funds belong to contractual funds.

(3) According to the different investment risks and returns, it can be divided into growth funds, income-based funds and balanced funds.

(4) According to different investment objects, it can be divided into stock funds, bond funds, money market funds and futures funds.