Shang Hai Zheng Quan Bao·2025-05-25 18:14Core Viewpoint - The company will allow the conversion of different classes of shares within the same fund starting from May 26, 2025, to better meet investors' financial needs [1]. Fund Share Categories - The conversion service applies to open-end funds managed by the company, with specific applicability determined by individual announcements [1]. - Investors can convert between different classes of shares (e.g., A and C classes) of the same fund, provided they are registered with the same registration agency [1]. Business Rules - The conversion price will be based on the net asset value of the shares on the day the conversion application is accepted, following a "first in, first out" principle [2]. - The minimum application for conversion must comply with the minimum conversion share requirements of the fund [2]. - Shares must be redeemable for the outgoing portion and available for subscription for the incoming portion; frozen shares cannot be converted [2]. Compatibility with Existing Services - This new conversion service does not conflict with the existing service that allows conversions between different funds [3]. - The timing and other details of the conversion service may vary by sales institution due to system differences [3]. Conversion Fees - Conversion fees will consist of the difference in subscription fees between the outgoing and incoming share classes and any redemption fees applicable to the outgoing shares [4]. Sales Channels and Processing Time - Starting from May 26, 2025, investors can process conversions through the company's direct sales channel and China Life Insurance Company, with other sales institutions not yet offering this service [5]. - The processing time for this service aligns with the normal trading hours of the Shanghai and Shenzhen Stock Exchanges, except during any announced suspensions [6]. Important Notes - The company retains the right to interpret the announcement and may adjust the conversion rules based on market conditions or legal changes [6]. - Investors are encouraged to consult the company's website for detailed conversion rules [6].