Different closed-end funds have a duration, that is, when they can continue to exist, and when the duration ends, they will be liquidated. The duration of closed-end funds approved by China Securities Regulatory Commission shall not be less than 5 years. Closed-end funds have a certain term. After the maturity, investors can share the corresponding remaining assets according to their shares, or realize them in the trading market during the closed period. Please follow the prospectus of the fund you purchased for details.

The fund closure period refers to the period when investors no longer accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective. Closed-end funds can only "buy and sell", not "purchase and redemption"