Announcement sending date: April 9, 2022
1 Announcement basic information
Note: For each fund share of Yongying Growth and Voyage One-Year Holding Period Hybrid Securities Investment Fund (hereinafter referred to as the “Fund”), from the effective date of the fund contract (inclusive) (for the subscription shares) or from the subscription of fund shares Confirmation date (inclusive) (for subscription units) or the day (inclusive) that expires 1 year (inclusive) from the confirmation date (inclusive) of the transfer-in of fund units (for conversion-in units) (one year is calculated as 365 days) is the shortest holding period. The minimum holding period of each fund unit is not subject to redemption and transfer-out business, and the holding period of the shares obtained from the reinvestment of dividends shall be calculated according to the holding period of the original shares. From the next working day (inclusive) of the expiry date of the shortest holding period of each fund unit, the fund unit holder may submit an application for redemption or application for switching out. The Fund Contract will take effect on April 7, 2022. The first redemption, switch-out date of the Fund will be April 7, 2023, and no further announcement will be made at that time.
2 Processing time for daily subscription, redemption, conversion and regular fixed investment business
Investors can apply for fund shares on open days, but for each fund share, they can only redeem fund shares from the next working day (inclusive) after the shortest holding period of the fund share expires. The specific processing time of the open day is the trading time of the normal trading day of the Shanghai Stock Exchange and the Shenzhen Stock Exchange (if the trading day is a non-Hong Kong Stock Connect trading day, the Fund has the right not to open subscription, redemption or other business, and make an announcement in accordance with the regulations), except when the fund manager announces the suspension of subscription and redemption in accordance with laws and regulations, the requirements of the China Securities Regulatory Commission or the provisions of the fund contract.
After the Fund Contract becomes effective, if there are new securities, futures trading markets, changes in the trading hours of securities and futures exchanges or other special circumstances, the Fund Manager will make corresponding adjustments to the aforementioned opening days and opening hours as appropriate, but shall A few days ago, in accordance with the relevant provisions of the “Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds”, the announcement was announced on the prescribed media.
The fund manager shall not handle the subscription, redemption or conversion of fund shares on dates or times other than those agreed in the fund contract. If an investor submits an application for subscription, redemption or conversion on a date and time other than those agreed in the fund contract and the registration institution confirms acceptance, the subscription and redemption price of the fund unit shall be the subscription and redemption price of such fund unit on the next business day .
3 Daily subscription business
3.1 Subscription amount limit
Investors subscribe through the fund manager’s direct sales agency (excluding online direct sales channels), and the minimum single purchase amount for the first purchase is RMB 10,000 (including the purchase fee), and the minimum single purchase amount for additional purchases is RMB 1,000 (including the purchase fee). ); through the online direct sales channel of the Fund Manager or other sales agencies designated by the Fund Manager, the minimum single purchase amount for the first purchase is RMB 10 (including the purchase fee), and the minimum single purchase amount for additional purchases is RMB 10 ( Including subscription fee). If each sales agency has other regulations on the minimum subscription limit and transaction level, the business regulations of each sales agency shall prevail, but generally shall not be lower than the above lower limit. The Fund Manager may adjust the minimum amount or cumulative subscription amount and the limit on the proportion of fund shares held by investors for the initial subscription and additional subscription of the Fund in accordance with the provisions of relevant laws and regulations and market conditions.
Investors can subscribe for multiple times. For details on the cumulative subscription amount and the proportion of shares held by a single investor, please refer to the relevant announcement. The Fund Manager has the right to limit the upper limit of the accumulated fund shares held by a single investor. The number of fund shares held by a single investor of the Fund shall not reach or exceed 50% of the total number of fund shares (during operation, due to the redemption of fund shares, etc. Circumstances result in passive reaching or exceeding 50% except).
Investors are not subject to the minimum subscription amount when repurchasing fund shares from the fund income distributed in the current period or adopting a regular fixed investment plan.
3.2 Subscription fee
Investors need to pay the subscription fee when subscribing for Class A units of the Fund, and the subscription fee will decrease according to the subscription amount, that is, the larger the subscription amount, the lower the applicable subscription fee. Investors will not be charged a subscription fee for subscribing for Class C fund shares. If an investor has multiple subscriptions, the applicable fee will be calculated on a separate basis. The specific subscription rates for Class A fund units are as follows:
The subscription fees for the Class A fund units of the Fund shall be borne by the investors who subscribe for the Class A fund shares, which are mainly used for the marketing, sales, registration and other expenses of the Fund, and are not included in the fund property.
3.3 Other Matters Related to Subscription
1. The “unknown price” principle, that is, the subscription price is calculated based on the net value of the fund unit calculated after the market closes on the day of application;
2. The principle of “subscription by amount”, that is, the subscription is applied for by amount;
3. The subscription application on the day can be cancelled within the time specified by the fund manager;
4. The documents to be submitted by investors when handling the subscription business, the handling procedures, handling time, handling rules, etc. shall be subject to the specific regulations of each sales agency under the premise of complying with the provisions of the fund contract and prospectus;
5. When handling the subscription business, the principle of prioritizing the interests of fund share holders shall be followed to ensure that the legitimate rights and interests of investors are not damaged and are treated fairly.
The Fund Manager may make adjustments to the above principles as permitted by laws and regulations and without substantial adverse impact on the Fund Unitholders. Fund managers must announce on the prescribed media in accordance with the relevant provisions of the Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds before the implementation of the new rules.
4 Daily redemption business
4.1 Redemption share limit
Fund unit holders can redeem all or part of their fund units, and a single redemption shall not be less than 1 unit (if the account has less than 1 unit of fund under the custody of the sales agency, all fund units must be redeemed at one time. ); if a certain redemption will result in less than 1 share of the fund under the custody of the investor in the sales agency, the fund manager has the right to redeem all the remaining fund shares under the custody of the investor in the sales agency at one time. If each sales agency has other regulations on the minimum redemption limit, the business regulations of each sales agency shall prevail, but generally it shall not be lower than the above-mentioned lower limit.
4.2 Redemption rate
The Fund does not charge a redemption fee, but after the holding period of each fund unit expires for one year, the fund unit holder may apply for redemption or switching out of the fund unit.
4.3 Other matters related to redemption
1. The principle of “unknown price”, that is, the redemption price is calculated on the basis of the net value of such fund units calculated after the market closes on the day of application;
2. The principle of “share redemption”, that is, the redemption is applied for by shares;
3. The redemption application on the day can be cancelled within the time specified by the fund manager;
4. Redemption follows the principle of “first-in, first-out”, that is, the redemption is carried out according to the order of investors’ subscription and subscription;
5. The documents that investors should submit when handling the redemption business, the handling procedures, handling time, handling rules, etc. shall be subject to the specific regulations of each sales agency under the premise of complying with the provisions of the fund contract and prospectus;
6. When handling the redemption business, the principle of prioritizing the interests of fund share holders shall be followed to ensure that the legitimate rights and interests of investors are not damaged and are treated fairly.
The Fund Manager may make adjustments to the above principles as permitted by laws and regulations and without substantial adverse impact on the Fund Unitholders. Fund managers must announce on the prescribed media in accordance with the relevant provisions of the Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds before the implementation of the new rules.
5 Daily conversion business
5.1 Conversion rate
The fund switching fee is composed of two parts: the subscription fee for the switching-out and switching-in funds, and the redemption fee for the switching-out fund. . Fund switching costs shall be borne by fund unit holders.
The specific formula is as follows:
Transfer-out amount = transfer-out fund unit × transfer-out fund T-day net value of fund unit
Redemption fee of switch-out fund = switch-out amount × redemption rate of switch-out fund
Transfer-in amount = transfer-out amount – transfer-out fund redemption fee + current accumulated unpaid income or partial transfer-out of the account when the money market fund is fully transferred out and the current accumulated unpaid income is negative and the account remains after the current transfer-out is completed The current accumulated unpaid earnings carried forward at the conversion rate when the assets are insufficient to cover the negative value of the current accumulated unpaid earnings
Compensation fee = Subscription fee for transfer-in fund – Subscription fee for transfer-out fund, if the calculated supplementary fee is less than 0, the supplementary fee is 0
Transfer-in fund subscription fee = transfer-in amount / (1 + transfer-in fund subscription rate) × transfer-in fund subscription rate
If the transfer-in fund subscription fee applies to fixed fees, then the transfer-in fund subscription fee = transfer-in fund fixed subscription fee
Subscription fee for the switch-out fund = transfer-in amount / (1 + subscription fee for the switch-out fund) × subscription fee for the switch-out fund
If the subscription fee for the switch-out fund applies to a fixed fee, then the subscription fee for the switch-out fund = the fixed subscription fee for the switch-out fund
Net transfer-in amount = transfer-in amount – make-up fee
Transfer-in unit = net transfer-in amount/transfer-in fund T-day net value of fund unit
The transferred shares are rounded up to two decimal places, and the resulting gains or losses shall be borne by the fund assets.
Example: An investor initially held 10,000.00 shares of the Class A fund of Yongying Growth Voyage Hybrid Securities Investment Fund with a one-year holding period. After holding for one year, he proposed to convert the 10,000.00 shares into Yongying Huitian on T day. Flexibility to allocate mixed securities investment funds, the redemption rate of the corresponding one-year holding period hybrid securities investment fund A fund share of Everwin Growth is 0%, and the corresponding Everwin Huitianli flexible allocation of mixed securities The subscription fee for securities investment funds is 1.50%. Assuming that after the market closes on T day, the net value per unit of the one-year holding period of the hybrid securities investment fund of Yongying Growth and Voyage is 1.1000 yuan/unit, and the net value of the unit of the hybrid securities investment fund flexibly allocated by Yongying Huitianli is 1.0500 yuan. / share, the share obtained from the conversion is calculated as follows:
Transfer amount = 10,000.00×1.1000 = 11,000.00 yuan
Redemption fee for the fund transferred out = 11,000.00 × 0.00% = RMB 0.00
Transfer amount = 11,000.00 – 0.00 = 11,000.00 yuan
Subscription fee for transfer-in fund = 11,000.00 / (1 + 1.50%)×1.50% = 162.56 yuan
Subscription fee for switching out funds = 11,000.00 / (1 + 1.50%)×1.50% = 162.56 yuan
Compensation fee = 162.56–162.56 = 0.00 yuan
Net transfer amount = 11,000.00 –0.00=11,000.00 yuan
Transfer-in shares = 11,000.00÷1.0500 = 10,476.19 shares
That is: an investor applies for converting 10,000.00 shares of Yongying Growth and Voyage One-Year Holding Period Hybrid Securities Investment Fund Class A Fund shares with a unit net value of 1.1000 yuan/unit into Yongying with a unit net value of 1.0500 yuan/unit on T day Huitianli flexible allocation of mixed securities investment funds can get 10,476.19 copies of Everwin Huitianli flexible allocation of mixed securities investment funds.
5.2 Other matters related to conversion
(1) Scope of applicable funds for fund switching business
The Fund can be exchanged with the funds under the company that have opened the fund exchange business, but the exchange business between different types of fund shares of the same fund is not open.
(2) Fund switching business rules
① Fund switching can only be carried out at the same sales agency. The two funds to be converted must be funds managed by the same fund manager represented by the sales agency and registered with the same registration agency.
② Fund conversion is applied for in units of shares. Investors can initiate multiple fund switching business, and the fund switching fee is calculated separately for each application.
③ Fund switching adopts the “unknown price” method, that is, the switching price of the fund is calculated on the basis of the net value per unit of the fund transferred out and into the fund on the day when the application for conversion is accepted.
④When an investor handles the fund switching business, the switching-out fund must be in a redeemable state, and the switching-in fund must be in a subscription state. Regular open-end funds shall not handle the fund share conversion business on dates or times other than those stipulated in the fund contract. During the open period, if an investor submits a conversion application outside the business processing time stipulated in the fund contract and the registration institution confirms the acceptance, the conversion price shall be the net value of each transfer out and in the fund on the next open day during the open period. Benchmarks are calculated. However, on the last open day of the open period, if an investor submits a conversion application outside the business processing time stipulated in the fund contract, the application shall be deemed invalid.
⑤ The conversion business follows the “first-in, first-out” business rule, that is, the unit with the earlier registration date is converted first, and the unit with the later registration date is converted later. If there is a redemption application on the day of the conversion application, follow the The processing principle of redemption before conversion.
⑥The minimum application for a single conversion of the fund share shall be subject to the provisions on the minimum redemption share in the fund contract, prospectus and relevant announcements of each fund. If a certain conversion causes the balance of a single fund managed by an investor in a sales agency to be lower than the minimum holding share specified in the fund contract, prospectus and related announcements of the fund, the fund manager has the right to place the investor in the custody of the sales agency. compulsory redemption of the remaining shares of the fund.
⑦Under normal circumstances, the fund registration agency will confirm the validity of the investor’s application for the fund switching business on T day on T+1, and handle the deduction of the rights and interests of the transferred fund and the registration of the rights and interests of the transferred fund. After T+2 day (including this day), investors can inquire about the transaction status of fund conversion from the sales agency.
⑧ In the event of a huge redemption stipulated in each fund contract, the fund transfer out has the same priority as the fund redemption. Fund redemption will be confirmed in the same proportion (unless otherwise announced); if the transfer-out application is partially confirmed, the unconfirmed transfer-out application will not be postponed.
⑨ The specific unit calculation results are subject to the records of the registration institution, and the reserved digits of the calculation results of the transferred units are in accordance with the provisions of the prospectus of each fund and relevant announcements.
(3) Circumstances and handling of suspending fund switching
In one of the following situations, the fund manager may suspend the fund switching business:
①The fund cannot operate normally due to force majeure.
②The stock exchange is closed abnormally during the trading hours, so that the fund manager cannot calculate the net asset value of the fund on that day.
③Continuous redemption occurs due to severe market fluctuations or other reasons, resulting in difficulties in the fund’s cash payment.
④ A transfer in or out that the fund manager believes will harm the interests of existing fund share holders.
⑤ Other circumstances stipulated by laws and regulations or determined by the China Securities Regulatory Commission.
When funds are suspended for conversion or reopened for conversion after the suspension, the fund manager will make an announcement on the prescribed media in accordance with the relevant provisions of the Administrative Measures for Information Disclosure of Publicly Offered Securities Investment Funds.
The right to interpret the fund switching business belongs to the fund manager. The company may adjust the charging method, rate level, business rules and relevant restrictions for the above switching according to market conditions and without violating the provisions of relevant laws, regulations and fund contracts. However, before the adjustment takes effect, it shall be announced on the prescribed media in accordance with the relevant provisions of the Measures for the Administration of Information Disclosure of Publicly Offered Securities Investment Funds.
6 Regular fixed investment business
6.1 Scheduled investment business rules
The Fund can only handle the fixed investment business through online direct sales channels and agency sales agencies. The application acceptance time for the fixed investment business is the same as that of the fund’s daily subscription business. Please follow the relevant regulations of the sales agency for specific handling rules.
Investors can agree on the deduction time and fixed investment amount (i.e. subscription amount) for each period when handling fund fixed investment business.
6.2 Fixed investment subscription rate
The subscription rate and billing method of the fund fixed investment business are the same as the daily subscription rate and charging method.
Please refer to the Fund Contract, Prospectus and other legal documents as well as the latest business announcement issued by the Company for the original rate standard of the Fund.
6.3 Transaction Confirmation
The actual deduction date of each phase is the application date for fund subscription, and the subscription shares are calculated based on the net value of such fund shares on that day (T day). in the fund account. The starting date of fund unit confirmation inquiry and redemption is T+2 working days. From the next working day (inclusive) of the expiry date of the shortest holding period, fund unit holders may submit a redemption application or a switch-out application .
6.4 Change and Cancellation
If the investor changes the subscription amount, deduction date, deduction method or terminates the fixed investment business, please follow the relevant regulations of the sales agency.
7 Fund sales agencies
7.1 Direct Selling Organizations
1) Yongying Fund Management Co., Ltd. Direct Sales Center
Address: No. 466, Zhongshan East Road, Yinzhou District, Ningbo City, Zhejiang Province
Office Address: 27th Floor, 21st Century Building, No. 210 Century Avenue, Pudong New Area, Shanghai
Contact: Shi Xiaocheng
Contact number: 021-51690103
Customer Service Hotline: 400-805-8888
Fax: 021-68878782, 68878773
Website: www.maxwealthfund.com
Email: [email protected]
2) Yongying Fund Management Co., Ltd. online trading system
Website: www.maxwealthfund.com
3) Wechat trading system of Yongying Fund Management Co., Ltd.
Official WeChat service account: search for the official account “Yongying Fund” in WeChat and choose to follow
Investors can handle the subscription, redemption, conversion and other businesses of the Fund through the company’s direct sales agencies, and can handle the Fund’s fixed investment business through online direct sales channels. The company’s direct sales counter has not yet opened the fixed investment business.
7.2 Agency sales agency
For the list of agency sales agencies, please refer to the Fund Manager’s website.
The fund manager may increase or decrease sales agencies according to changes in circumstances, and disclose the latest list of sales agencies on the fund manager’s website. The fund sales services provided by each sales agency may vary, please consult each sales agency for details.
8 Disclosure Arrangements for Announcement of Net Value of Fund Units/Announcement of Fund Income
The company will, in accordance with the relevant regulations of the “Yongying Growth and Voyage One-Year Holding Period Hybrid Securities Investment Fund Fund Contract” and the “Yongying Growth and Voyage One-Year Holding Period Hybrid Securities Investment Fund Prospectus”, start to process fund shares. After the subscription or redemption, the company shall disclose the net value of each fund share and the net value of each fund share on the opening day through the prescribed website, the website of the fund sales agency or the business outlet no later than the day after each opening day. The cumulative net value of fund shares; and the net value of each fund share and the cumulative net value of each type of fund share shall be disclosed on the prescribed website no later than the day following the last day of the semi-annual and annual last day. .
In special circumstances, the calculation or announcement may be appropriately delayed after performing appropriate procedures.
Investors are advised to pay attention.
9 Other things to remind
This announcement only explains the matters related to the opening of daily subscription, redemption, conversion and fixed investment business of the Fund. Investors who want to know the details of the Fund, please read carefully the “One-Year Holding Period Hybrid Securities Investment Fund Fund Contract of Everwin Growth Voyage” and the “One-Year Holding Period of Everwin Growth Voyage” published on the required information disclosure media. Hybrid Securities Investment Fund Prospectus and its updates (if any), etc.
The Fund does not participate in the subscription (including regular fixed investment) rate preferential activities, and the manager has the right to refuse the transaction application that does not meet the conditions.
Investors who want to know other relevant information and details of the Fund can log on to the company’s website (www.maxwealthfund.com) or call the company’s customer service number at 400-805-8888.
Risk warning: Investors should fully understand the difference between the fund’s regular fixed investment and zero deposit and lump sum savings methods. Regular fixed investment is a simple and easy investment method to guide investors to make long-term investment and average investment cost. However, regular fixed investment cannot avoid the inherent risks of fund investment, cannot guarantee investors to obtain returns, and is not an equivalent financial management method to replace savings.
The company promises to manage and use the fund assets in the principle of good faith, diligence and responsibility, but does not guarantee that the fund will be profitable, nor does it guarantee the minimum return. The past performance of the fund and its net worth are not indicative of its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee for the performance of the fund. Investment is risky. Investors are advised to carefully read the fund contract, prospectus, fund product information summary and other fund legal documents before investing in the fund, understand the risk and return characteristics of the fund, and choose the suitable fund product according to their own risk tolerance. Investors are advised to carefully consider and make prudent decisions before purchasing the fund.
Win Win Fund Management Co., Ltd.
April 9, 2022