The principle of "amount subscription and share redemption" is adopted in the on-site and off-site subscription and redemption of LOF shares. The applicant for subscription is 1 yuan, and the applicant for redemption is the fund share. The purchase and redemption process is as follows:

1 that day. T, floor investors apply for fund subscription and redemption to the exchange trading system through the securities operation institution with the Shenzhen securities account; OTC investors use Shenzhen open-end fund accounts and submit fund subscription and redemption applications through consignment agencies.

2. On T+1day, China Clearing Co., Ltd. registered and transferred the fund shares purchased and redeemed on and off the market according to the confirmation data of purchase and redemption transmitted by the fund manager.

3. From T+2, investors' subscription shares are available.