A two-year fund closure period means that the fund cannot be redeemed within two years, and can only be redeemed after two years.

The fund closure period means that the funds received by the fund company will be used for investment after purchasing the fund. There can be no external capital inflow during this period, so there will be a closed period. During this period, the fund company will arrange the investment methods of the fund, such as stocks, and will conduct research investment and open positions for a period of time. Therefore, if retail funds cannot be redeemed, they will close their positions.