Refers to capital settlement's bottom line.

According to the Measures for the Administration of the Operation of Securities Investment Funds, if the number of fund share holders is less than 200 or the net asset value of the fund is less than 50 million yuan after the fund contract of the open-end fund comes into effect, the fund manager shall report to the China Securities Regulatory Commission in time; If the above situation occurs for 20 consecutive working days, the fund manager shall explain the reasons and submit the solution to the China Securities Regulatory Commission. The fund manager has the right to announce the termination of the fund after obtaining the approval of the China Securities Regulatory Commission.

All fund assets are realized and the proceeds are distributed to the holders. The liquidation time is stipulated in the fund contract when the fund is established. The holders' meeting may modify the fund contract and decide the liquidation time of the fund.