Original title: Announcement on the opening of daily subscription, redemption, conversion and regular fixed-amount investment business of Tongtai Financial Selected Stock Securities Investment Fund
Announcement sending date: December 28, 2021
1. Announce basic information
Note: The scope of investors refers to individual investors, institutional investors, qualified foreign institutional investors that comply with laws and regulations and can invest in securities investment funds, as well as other investors permitted by laws and regulations or the China Securities Regulatory Commission to purchase securities investment funds.
2. Processing time for daily purchase and redemption (conversion, regular fixed-amount investment) business
Investors handle the subscription and redemption of fund shares on the open day. The specific processing time is the trading hours on the normal trading day of the Shanghai Stock Exchange and the Shenzhen Stock Exchange (if the fund participates in southbound trading and the working day is non-Southbound trading On the trading day, the fund manager can decide whether the fund will open up subscription, redemption, and conversion services based on actual conditions. The specific announcement shall prevail at that time. However, the fund manager may decide according to laws and regulations, the requirements of the China Securities Regulatory Commission or Except when the fund contract announces the suspension of subscription and redemption.
After the fund contract takes effect, if there are new securities/futures trading markets, securities/futures exchange trading hours or other special circumstances, the fund manager will make corresponding adjustments to the aforementioned opening days and opening hours as appropriate, but should be implemented A few days ago, the announcement was made on the specified media in accordance with the relevant provisions of the “Information Disclosure Measures.”
3. Daily subscription business
3.1 Restrictions on subscription amount
For investors who apply for the first and additional purchases of the fund units through the fund manager’s online trading platform (currently only available to individual investors) or other sales organizations, the minimum single purchase amount for each fund account is RMB 10 (including purchase fees). The Tongtai Fund Direct Trading Platform only opens accounts and subscription applications for institutional investors, and does not accept entrustment by individual investors in principle. If the sales organization has other regulations, follow those regulations.
When the acceptance of subscription applications has a potentially significant adverse impact on the interests of stock fund unit holders, the fund manager shall set the upper limit of the subscription amount of a single investor, the upper limit of the fund size, or the upper limit of the net subscription ratio of the fund in a single day, and reject large-scale subscriptions , Suspension of fund subscription and other measures to effectively protect the legitimate rights and interests of stock fund share holders. Based on the needs of investment operation and risk control, fund managers can take the above measures to control the size of the fund. For specific regulations, please refer to the prospectus or related announcements;
The Fund does not impose an upper limit on the cumulative fund shares held by a single investor, but the number of fund shares held by a single investor shall not reach or exceed 50% of the total number of fund shares.
3.2 Subscription fee rate
The subscription fees for the fund’s Class A fund shares shall be borne by the investors who subscribe to the fund shares of this category, and are not included in the fund property, and are mainly used for the marketing, sales, registration and other expenses of the fund. The subscription fee rate of the fund’s Class A shares decreases with the increase of the subscription amount.
The Fund’s Class A fund units charge subscription fees when subscribing, and Class C fund shares do not charge subscription fees, but sales service fees are accrued from the fund assets of this category.
3.2.1 Front-end charges
Note: M is the fund subscription amount (including subscription fee), and investors who repeat subscriptions must be charged separately according to the corresponding fee rate level for each subscription.
3.2.2 Back-end charges
Note:-
3.3 Other matters related to subscription
(1) The subscription is applied for by the amount, and the principle of “unknown price” is followed, that is, the subscription price is calculated on the basis of the net value of the fund shares calculated after the market close on the day of application.
(2) When investors subscribe for fund shares, they must pay the full amount of subscription money. The investor pays the subscription money and the subscription is established; when the fund share registration agency confirms the fund shares, the subscription takes effect; if the subscription funds are not fully received within the specified time Then the subscription is not established. If the subscription is unsuccessful or invalid, the subscription money will be returned to the investor’s account.
(3) The fund manager may, within the scope permitted by laws and regulations, adjust the confirmation time of the above-mentioned subscription and redemption applications in accordance with the law, and must comply with the relevant provisions of the “Administrative Measures on Information Disclosure of Publicly Offered Securities Investment Funds” before the implementation date of the adjustment. Announce on the prescribed medium.
(4) Investors can enjoy preferential rates for subscription and regular fixed investment. The content of preferential rates is subject to the announcements of various sales organizations.
4. Daily redemption business
4.1 Restrictions on redemption shares
Investors can redeem all or part of the fund shares they hold. The fund investor’s minimum fund share in a single trading account is not less than 10, if the fund share balance of the investor’s single fund trading account is less than 10 due to fund share reduction business (such as redemption, switch-out, etc.), The fund manager has the right to redeem all the fund shares retained by the investor in the account at one time.
4.2 Redemption rate
The fund’s redemption costs are borne by the fund unit holders who redeem the fund units, and are charged when the fund unit holders redeem the fund units, and different redemption fees are charged to the A and C unit holders.
Note: N is the holding period of fund units. For the holding period, 1 month means 30 days.
For investors who continue to hold Type A fund shares for less than 1 month, the redemption fee will be fully included in the fund property; for investments that continue to hold Type A shares for more than or equal to 1 month but less than 3 months People, 75% of the total redemption fee will be included in the fund property; for investors who continue to hold Class A shares for more than 3 months but less than 6 months, 50% of the total redemption fee will be included in the fund property ; No redemption fee will be charged for investors who have held Class A shares for more than 6 months. The part not included in the fund property is used to pay registration fees and other necessary handling fees.
For investors who have continuously held C-type fund shares for less than one month, the redemption fee will be fully included in the fund property; for investors who have continuously held C-type fund shares for more than one month, no redemption will be charged cost.
4.3 Other matters related to redemption
(1) Application for redemption is based on the principle of “unknown price”, that is, the redemption price is calculated on the basis of the net value of such fund shares calculated after the market close on the day of application.
(2) The fund unit holder submits a redemption application, and the redemption is established; when the fund unit registration agency confirms the redemption, the redemption takes effect. After the investor’s redemption application becomes effective, the fund manager will pay the redemption amount within T+7 days (including that day).
(3) In the event of a huge redemption or a delay in payment of the redemption payment specified in the fund contract, the payment method of the redemption payment shall be handled in accordance with the relevant provisions of the fund contract.
(4) The fund manager may, within the scope permitted by laws and regulations, adjust the confirmation time of the above-mentioned subscription and redemption applications in accordance with the law, and must follow the relevant provisions of the “Administrative Measures on Information Disclosure of Publicly Offered Securities Investment Funds” before the implementation date of the adjustment. Announce on the prescribed medium.
5. Daily conversion business
5.1 Conversion rate
The fund switching fee is composed of two parts: the subscription fee for the transfer-out and transfer-in funds and the redemption fee of the transfer-out fund. The specific collection depends on the difference in the subscription fees of the two funds at each conversion and the redemption fee of the transfer-out fund Depends. Fund switching costs are borne by investors.
(1) Fund conversion subscription fee: The fee is charged according to the difference between the subscription fee of the transfer-in fund and the transfer-out fund. If the purchase fee of the switch-out fund corresponding to the amount of the switch-out fund is lower than the purchase fee of the switch-in fund, the supplementary fee is the difference between the purchase fee of the switch-in fund and the purchase fee of the switch-out fund; the switch-out fund corresponding to the switch-out fund amount If the subscription fee is higher than the subscription fee for the transfer-in fund, the compensation fee is zero.
(2) Redemption fee for the switch-out fund: The fee is charged at the redemption fee rate when the switch-out fund is normally redeemed.
5.2 Other matters related to conversion
(1) Scope of funds applicable to conversion business
The fund switching business is applicable to other open-end funds managed by the fund and the fund manager (registered by the same registration agency and the fund switching business has been announced).
(2) Fund switching business rules
1) Fund conversion is applied for in units of units. Investors can initiate multiple fund switching operations, and fund switching fees are calculated separately for each application.
2) Fund conversion adopts the unknown price method, that is, the conversion price of the fund is calculated on the basis of the net value of each transfer-out and transfer-in fund on the day when the conversion application is accepted.
3) When an investor handles the fund switching business, the transfer-out fund must be in a redeemable state, and the transfer-in fund must be in a purchaseable state.
4) The conversion business follows the “first-in first-out” business rule, that is, the share registration date is the first to be converted out, and the share registration date is later to be converted out. If there is a redemption application on the day of the conversion application, then Follow the processing principle of redemption first and conversion later.
5) The limit for a single conversion application shall be applicable to the minimum redemption unit, minimum subscription amount, and maximum subscription amount specified in the Fund Contract, Prospectus, and related announcements of the fund conversion. If a certain conversion causes the investor’s single fund balance under the custody of the sales institution to be lower than the minimum holdings of the fund’s Fund Contract or the Prospectus, the fund manager has the right to place the investor in the custody of the sales institution Mandatory redemption of the remaining shares of the fund.
6) Under normal circumstances, the fund registration agency will confirm the validity of the investor’s fund switching application on T day on T+1. After the T+2 day (including that day), investors can check with the sales organization for the confirmation of the fund conversion application.
7) When the sum of the net redemption units of the fund on a single open day and the net transfer-out application units exceeds 10% of the total fund units on the previous open day, it is a huge redemption. In the event of a huge redemption, the transfer of funds has the same priority as the redemption of funds. The fund manager can decide to transfer out in full or in part according to the asset portfolio of the fund, and for fund transfers and fund redemptions, the The same ratio shall be adopted for confirmation (except as otherwise announced); if the transfer-out application is partially confirmed, the unconfirmed transfer-out application will not be postponed.
8) The specific conversion shares shall be subject to the records of the registration agency, and the number of reserved digits for the calculation results of the transfer shares shall be in accordance with the provisions of the Prospectus of each fund.
9) After the conversion, the holding time of the transferred-in fund units will be recalculated, that is, the holding period of the transferred-in fund units will be recalculated from the day when the transferred-in fund units are confirmed.
10) The two funds that can be converted must be the funds that the company serves as the fund manager and registration agency and are sold in the same sales agency. The same fund cannot be converted between different unit categories. Investors who handle the switching business between the fund and other open-end funds under the fund manager must go to the same sales agency that simultaneously sells the two funds to be transferred out and transferred into the fund to handle the fund switching business. If the sales organization does not sell all the funds of the fund manager, it will only handle the conversion business that has been opened between the funds sold by the fund manager. The specific funds for each sales organization to participate in the fund conversion shall be subject to the regulations of each sales organization.
6. Regular fixed amount investment business
The fund’s regular fixed-amount investment business is handled in the sales organization that has opened this business, and the specific business rules are subject to the business rules of the relevant sales organization.
7. Fund sales agency
7.1 Off-site sales agencies
7.1.1 Direct Selling Agency
(1) Tongtai Fund Online Trading Platform
Trading website: www.tongtaiamc.com
Customer Service Phone: 400-830-1666
(2) Tongtai Fund Direct Trading Platform
Name: Tongtai Fund Management Co., Ltd.
Office address: Floor 41, Building T2, Shangcheng (South District), No. 5001, Huanggang Road, Lianhuayi Village, Huafu Street, Futian District, Shenzhen
Legal representative: Ma Junsheng
Contact: Wu Yuqing
Phone: 0755-23537896
Fax: 0755-23537806
Website: www.tongtaiamc.com
7.1.2 Off-site sales agency
The specific agency of this fund shall be subject to the list of agency agencies published on the manager’s website. Query URL: www.tongtaiamc.com.
7.2 On-site sales organization
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8. Disclosure arrangements for fund unit net value announcements/fund income announcements
After starting to process the subscription or redemption of fund shares, the fund manager will disclose the fund’s net value information on the open day through its website, fund share sales outlets and other media on the day after each open day.
9. Other things that need to be reminded
This announcement only explains the open daily subscription, redemption, conversion and regular fixed-amount investment business matters of this fund. Investors who want to know the details of the fund can check the fund contract, prospectus and other relevant legal documents through the fund manager’s website (www.tongtaiamc.com).
Risk warning: The company promises to manage and operate fund assets in the principles of honesty, credibility, diligence, and due diligence, but it does not guarantee the profitability of the fund, nor does it guarantee the minimum return. The past performance of the fund managed by the manager and its investment managers does not represent its future performance. Investment involves risks. Investors are kindly requested to carefully read the relevant legal documents of the fund and pay attention to the unique risks of the fund, and choose an investment product that suits their risk tolerance.
Special announcement.
Tongtai Fund Management Co., Ltd.
December 28, 2021
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