Market participants:

In order to standardize the online cash subscription business of transactional open-end index funds (ETFs) through the trading system of Shanghai Stock Exchange (hereinafter referred to as the Exchange), relevant matters are hereby notified as follows according to the Detailed Rules for the Implementation of Transactional Open-end Index Funds Business of Shanghai Stock Exchange (revised in 2020):

1. Online cash subscription refers to the online sale of ETFs. Investors subscribe in cash through exchange members (hereinafter referred to as consignment agencies) who are qualified to sell funds, and the exchange provides services supported by the trading system.

2. The online cash subscription time is 9:30- 1 1:30, 13:00- 15:00 on the online cash subscription date. Online cash subscription period is 1 or 3 trading days.

3. Investors can submit the subscription declaration for many times. The trading system of this exchange confirms the total number of multiple declarations that meet the requirements. Orders can be withdrawn before 15:00 on the day of subscription declaration, and cannot be withdrawn after 15:00 on the same day.

4. The fund manager chooses 1 agency as the issuance coordinator of ETF. The fund manager shall negotiate and sign an agreement with the ETF issuance coordinator independently to regulate the relevant rights and obligations of both parties in the process of ETF online cash subscription.

5. If the agency fails to deliver the ETF subscription funds on the same day, it shall submit relevant explanations to the Exchange within the specified time on the same day. After the subscription date is closed, the Exchange will void the subscription declaration of the funds that are not in place according to the information and the fund data provided by China Securities Depository and Clearing Co., Ltd.

If the agency fails to submit the explanation within the specified time, the Exchange will void it in turn from back to front within the scope of the total subscription declaration of the agency, until the total subscription declaration of the agency is consistent with the actual funds in place. Relevant legal responsibilities and consequences shall be borne by the agency itself.

Six, for the fund with the upper limit of the issuance scale, the fund manager shall make clear the relevant arrangements for the upper limit of the total issuance scale of the fund and the online cash subscription ratio before the sales start, and announce the upper limit of the online cash subscription and the distribution ratio within four trading days after the subscription period ends.

The fund manager shall provide the placing proportion of online cash subscription to the Exchange on the first trading day after the online cash subscription is completed, and the placing proportion shall be a percentage, accurate to three decimal places. For the online cash subscription declaration in which the subscription funds have been put in place, the exchange shall calculate the subscription share according to the placement ratio provided by the fund manager and round it to the next place for confirmation.

The issuance coordinator and the consignment agency shall return the unconfirmed subscription declaration money to the investors in time.

Seven, member units, fund managers, consignment agencies, distribution coordinators and related subjects in violation of this notice or other business rules of the Exchange, the Exchange can give oral warning, written warning, informed criticism, public condemnation and other regulatory measures or disciplinary sanctions to the offending subjects in accordance with relevant regulations and agreements.

Eight, this notice shall come into force as of the date of promulgation. Notice on Relevant Matters Concerning Online Cash Subscription of Trading Open-end Index Funds (SSE [2018] No.49) shall be abolished at the same time. If the previous relevant provisions of this Exchange are inconsistent with this notice, this notice shall prevail.

I hereby inform you.

Shanghai Stock Exchange

April 30(th), 2002