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Will the original value rise after the fund is split and converted?
Eventually, but there is no such thing as a market.

The purpose of fund splitting is to reduce the net value of the fund, but whether the net value will return to the level before splitting depends on the market situation and the level of fund operation. Of course, it is only a matter of time before it returns. For example, if a 2 yuan fund is split into 1 yuan, if the fund returns to 2 yuan from 1 yuan, it needs to increase 100%. If it is a stock fund, basically the stock market as a whole will double.

There is a so-called "rights-filling market" in stocks, that is, the share price will split after the ex-rights. If the company's fundamentals and performance are good and the stock market as a whole is improving, it will rebound to the price level before ex-rights. However, there is no so-called right-filling market for funds, and we must rely on the appreciation of real fund assets to return to the price before the split.