Estimating the fund net value in time is the preliminary work and necessary procedure for publishing the fund net value. The net asset value and net fund share value used for fund information disclosure are calculated by the fund manager and rechecked by the fund custodian. The fund manager shall calculate the net asset value of the fund at the end of each working day and send it to the fund custodian. The fund custodian shall review the valuation methods, time and procedures stipulated in laws and regulations and the fund contract; After review by the fund custodian, the fund manager shall announce the net value of the fund. (1) Valuation date: The valuation date of the Fund is the normal business day of the stock exchange related to the Fund. (2) Valuation method 1. Stock valuation method: (1) Listed circulating stocks are valued according to the closing price of the stock exchange where the valuation date is located; If there is no transaction on the valuation date, the closing price of the latest trading day shall be taken as the valuation benchmark; (2) Valuation of unlisted shares: 1) Shares issued by means of share issuance, share transfer, rights issue and additional issuance shall be valued according to the closing price of the same kind of shares listed on the exchange on the valuation date; If there is no transaction on that day, it shall be valued according to the closing price of the latest trading day; 2) The initial stock issue is valued at the cost price; (3) The allotment warrants are valued according to the difference between the closing price and the allotment price from the ex-dividend date to the allotment confirmation date. If the closing price is equal to or lower than the matching price, the valuation is zero; (4) In any case, if the fund manager uses the method specified in this sub-item (1)-(3) to evaluate the fund assets, it shall be deemed that an appropriate valuation method has been adopted. However, if the fund manager thinks that the methods specified in sub-items (1)-(3) of this item cannot objectively reflect the fair value of the fund assets, the fund manager may, after consultation with the fund custodian, make a valuation at the price that best reflects the fair value according to the specific circumstances; (5) The latest national regulations shall prevail. 2. Bond valuation method: (1) Bonds with net price transactions in the stock exchange market are valued according to the closing price on the valuation date; If there is no transaction on the valuation date, the valuation is based on the closing price of the latest trading day; (2) Bonds that are not traded at the net price in the stock exchange market shall be valued at the net price after deducting the interest receivable (interest from the interest-bearing start date or the last interest-bearing date to the valuation date) from the closing price of the bonds. If there is no transaction on the valuation date, it shall be valued according to the net closing price of the bond in the latest trading day; (3) Unlisted bonds are priced at cost; (4) Bonds traded in the inter-bank bond market are priced at the cost price. (5) In any case, if the fund manager uses the method specified in this sub-item (1)-(4) to evaluate the fund assets, it shall be deemed that an appropriate valuation method has been adopted. However, if the fund manager thinks that the methods specified in this sub-item (1)-(4) cannot objectively reflect the fair value of the fund assets, the fund manager can evaluate the bonds on the basis of comprehensive consideration of market transaction price, market quotation, liquidity, yield curve and other factors, and the fund manager can reach an agreement with the fund custodian according to the specific situation, and then evaluate the bonds at the price that best reflects the fair value; (6) The latest national regulations shall prevail. 3. If the fund manager or fund custodian finds that the fund valuation violates the valuation methods, procedures and relevant laws and regulations agreed in the fund contract, or fails to fully safeguard the interests of the fund share holders, they shall immediately notify the other party, * * * and find out the reasons, and both parties shall resolve them through consultation. 4. According to the provisions of relevant laws and regulations, the obligations of fund net asset value calculation and fund accounting shall be borne by the fund manager. The fund manager is responsible for the fund accounting of this fund. Therefore, if the accounting issues related to the fund cannot be reached through equal and full discussion by the relevant parties, they will be announced according to the calculation results of the fund manager's net asset value.