(1) It is expected that most fund companies will adopt the index income method, which refers to the industry indexes of the two exchanges to value suspended stocks.

That is, the rise and fall of the industry index during the trading suspension period is regarded as the rise and fall of the suspended stocks to determine the current fair value.

This method is easy to operate and relatively transparent.

(2) The advantage of using industry index valuation is that it corrects the problem of inflated net worth; but at the same time, inconsistent standards will also bring about some new problems.

Which industry classification standard the fund company adopts for suspended stocks and which industry index system it adopts will have an impact on the final net worth estimate.

Fund companies may tend to overestimate net worth.

Therefore, under the same valuation method, it is necessary to further clarify the unified details.

(3) Using the industry index increase or decrease to replace the increase or decrease of individual stocks is only a correction to the suspension price valuation.

However, it is impossible for any valuation method to completely accurately reflect fair value.

Because the value changes of individual stocks during the trading suspension period are not necessarily equivalent to the changes in the industry average.

Therefore, after adopting this kind of valuation method, when suspended stocks resume trading again, there is still the possibility of a one-time increase or decrease in the net value of the fund, but compared with the previous valuation method, this potential net value fluctuation has been greatly reduced.

(4) After the new valuation policy is applied to adjust the net value calculation on September 16, the net value of funds with heavy holdings of suspended stocks on that day will be reduced in one go.

The net value of fund units where the market value of suspended stocks accounts for a large proportion of the fund's net value will be greatly affected.

(5) After the one-time adjustment of the net value of the fund, the subsequent net value of the fund will not be greatly affected.

After the valuation policy is adjusted, the net value of the fund will more truly reflect the profits and losses of the assets invested by the fund.

(6) From the perspective of the original policy intention, adjusting the valuation method solves a loophole in the current fair value valuation method and is conducive to the fairness of interests among fund holders.

This can avoid additional impacts on fund subscriptions and redemptions caused by the falsely high net worth of suspended stocks, and can also avoid abnormal arbitrage behavior.

(7) Since the valuation method for suspended stocks is not clear, there may be inconsistencies in valuation methods.

Fund companies should make timely announcements when adopting relevant valuation methods, and investors should also analyze the impact of different valuation methods on the net value of the fund.