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Regarding the trading issues of Shenzhen and Shanghai LOF funds

1. There are only sales and purchases on the market, but no subscriptions. Subscriptions can only be done off-site.

If you open a fund account with a securities company, you can subscribe for funds. There are special open-end funds or similar prompts in telephone trading. Under that item, you can subscribe and redeem funds represented by the securities company.

2. Apply for transfer of custody procedures, and you can sell it on the exchange on T+2. 3. Funds bought on the exchange need to be redeemed off-exchange. You also need to apply for transfer of custody. They can be redeemed on T+2. 4. LOF funds are only available in Shenzhen Stock Exchange.

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ETF subscription and redemption starts from 1 million units.