According to the Administrative Measures for the Operation of Public Offering of Securities Investment Funds of China Securities Regulatory Commission,

Article 15 An open-end fund shall stipulate the fund contract, and specify in the prospectus the date and time when the fund manager handles the subscription and redemption of fund shares. When handling the subscription and redemption of fund shares, fund managers should follow the principle of giving priority to the interests of fund share holders. When the subscription and redemption damage the interests of the holders, they should suspend the subscription and redemption business in time.

Article 16 The fund contract of an open-end fund may stipulate that the fund manager shall not apply for redemption within a certain period of time from the effective date of the fund contract; However, the agreed period shall not exceed three months, and it shall be specified in the prospectus. However, the varieties of special funds specified by China Securities Regulatory Commission are excluded.

Article 17? The purchase and redemption price of open-end fund shares shall be calculated according to the net value of fund shares on the purchase and redemption date plus or minus related expenses. The specific calculation method of the purchase and redemption price of open-end fund shares shall be specified in the fund contract and prospectus.

The calculation method of open-end fund share net value is: the net asset value of the fund divided by the fund share balance on the day after the closing of each open day. The specific calculation method shall be specified in the fund contract and prospectus.

Article 18? The fund manager shall not apply for subscription, redemption or conversion of fund shares on a date or at a time other than that stipulated in the fund contract.