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What is the difference between subscription and subscription?
1. Subscription refers to the behavior of investors applying to buy fund shares during the establishment and raising of funds. Subscription refers to the behavior of investors applying to buy fund shares after the fund is established. Generally speaking, the rate of purchasing funds during the subscription period is relatively more favorable than that during the subscription period. Funds purchased during the general subscription period can only be redeemed after the closed period, and the purchased funds should be redeemed on the second working day after the successful subscription.

2. In the subscription process, investors can submit subscription/subscription applications for many times during the trading hours, regardless of whether they subscribe or not, and the subscription/subscription fees of the registrant for investors are calculated separately according to a single trading account. But generally speaking, the subscription application that has been formally accepted by investors during the stock issuance period cannot be revoked. For the subscription application submitted within the fund business processing time on that day.

3. Fund subscription adopts the principles of "amount subscription" and "unknown price". For transactions that are effectively subscribed on T-day, the subscription price is calculated according to the net value of fund shares on T-day. The net value of fund shares on day T shall be calculated after the market closes on day T and announced no later than T+ 1.