The purpose of fund asset valuation is to objectively and accurately reflect the value of fund assets. The net asset value of the fund unit calculated according to the net asset value of the fund determined after the fund asset valuation is the basis for calculating the purchase and redemption price of the fund.

(2) Appraisal date

After the establishment of the fund, the assets of the fund are valued daily.

(3) Appraisal object

Securities such as stocks and bonds legally owned by the fund.

(4) Valuation method

1. Securities listed and circulated shall be valued according to the closing price of the stock exchange where they are located on the valuation date. If there is no transaction on that day, it shall be calculated based on the closing price of the latest day.

2. Calculation of unlisted stocks

(1) The shares that belong to allotment, share offering, allotment or additional issuance shall be valued according to the closing price of the same stock on the valuation date provided by the stock exchange; If there is no transaction on that day, it shall be calculated based on the closing price of the latest day;

(2) The initial public offering of shares shall be calculated at the cost price.

3. The allotment warrants are valued according to the difference between the closing price and the allotment price from the ex-dividend date to the allotment confirmation date; If the closing price is lower than the matching price, it will not be appraised.

4. Unlisted bonds and bonds traded in the inter-bank bond market are valued according to the face value of the bonds and the accrued interest rate as of the valuation date.

5. If there is conclusive evidence that the fair value of the fund assets cannot be objectively reflected in accordance with the above provisions, the fund manager may, after consultation with the fund custodian, adopt the method that best reflects the fair value of the fund assets according to the specific circumstances. Even if the above situation exists, if the fund manager uses the method specified in the above 1-4 to evaluate the fund assets, it should still be considered that the appropriate valuation method has been adopted.

6. If there is any new project or change, it shall be priced according to the latest national regulations.

(v) Valuation procedures

The daily valuation of the fund is carried out by the fund manager. After the fund manager completes the valuation of the net asset value of the fund share, he will report the valuation result to the fund custodian in written form, and the fund custodian will recheck it according to the valuation method, time and procedure agreed in the fund contract. After the recheck is correct, the fund custodian will sign it back to the fund manager.

(6) The net value of the suspension announcement.

In any of the following circumstances, the publication of the net value of the fund shall be suspended:

1. When the stock exchange involved in the fund investment is closed due to legal holidays or other reasons;

2. Due to force majeure or other circumstances, fund managers and fund custodians cannot accurately evaluate the value of fund assets.

(seven) the confirmation and handling methods of the net asset value error of the fund unit.

The net asset value of a fund unit is in yuan, rounded to three decimal places. Unless otherwise stipulated by the state, such provisions shall prevail. When the fund asset valuation leads to the error of the net asset value of the fund unit within three decimal places (including the third place), it is regarded as the error of the net asset value of the fund unit.

The principles and methods of error handling are as follows:

1. When there is an error in the net asset value of the fund share, the fund manager shall immediately announce and correct it, and take reasonable measures to prevent the loss from further expanding.

2. When the error deviation reaches 0.5% of the net asset value of the fund unit, the fund manager shall notify the fund custodian and report it to the China Securities Regulatory Commission for the record.

3. If the net value of fund shares is wrong, causing losses to investors, the fund manager shall be liable for compensation. After the fund manager compensates the investor, the fund manager may claim compensation from other responsible parties.

4. The fund manager has the right to recover the improper income from the parties.

Where laws, regulations or regulatory authorities have other provisions on the foregoing contents, such provisions shall prevail.

(8) Handling of special circumstances

When the fund manager makes valuation according to Article 4 of this chapter, the error caused by it shall not be treated as the error of the net asset value of the fund unit; Due to data errors sent by stock exchanges and registration and settlement companies, or due to force majeure such as war, fire, earthquake and flood, the fund manager and fund custodian have not found any errors despite taking necessary, appropriate and reasonable inspection measures, and the resulting errors in fund asset valuation can be exempted from liability for compensation. However, fund managers and fund custodians should actively take necessary measures to eliminate the resulting impact.