Three years later. Dongfanghong Ruize is a three-year regular open-end fund, so the redemption will wait until three years later, and the fund will enter a closed period after its establishment. You can't do anything during the closed period, and you can open it every three years. You can purchase and redeem the fund on the open day. After the open day, the fund will enter the closed period again. Regular opening means that the fund can be opened once at a fixed time, and can be purchased and redeemed at will during the opening period. Dongfanghong Ruize is a hybrid fund under China Orient Asset Management Corporation. It's called Dongfanghong Ruize, which regularly opens a hybrid securities investment fund for three years. The fund mainly invests in China stock market, aiming at pursuing long-term capital appreciation and stable cash dividends through active management.