Extension is the abbreviation of automatic extension of unpaid part, which means that in the case of huge redemption, the part that has not been redeemed successfully on the same day will be redeemed on the next fund open day.
Non-extension is the abbreviation of automatic revocation of the unpaid part, which means that in the case of huge redemption, the system will not redeem the unsuccessful part on the next fund open day.
Huge redemption means that the net redemption application of a single open day fund (the balance after the total share of redemption application is deducted from the total share of subscription application) exceeds 10% of the total share of the previous day.