| O-DREIT+2,8% | 基实前在合情物理所在大基层设施工作设计准备 | | --- | --- | | 公要RETT 同体 | 第一点东企情 陈德设施REIT | | 图内同样 | 原创业园(专 | | 公BREIT FRE | SUNDER | | 公路REIT 合同学校日期 | 3021年1月1日 | | 原金管理人的体 | 取主要参展调研修设 | | 基金托管人名称 | 中国 图 120 有限公司 | | 公告依据 | 《中华人民共和监会得投资基金生》及后部法院、《公开票集酷融设施正移投资基金融 5)(试行))(上海正存交易所公开领导不动/"投资信托基金(RETI)》等方内共试行)。 养生基所公开健集不动产投资信托基金(REIL)提供出用指引第5号 - 47 时报告(KT))《品三原东在情物资的机代基础设施正器仪发展会基金合同)(搭变 前东在情物资料的代基础设施工程设计基金招聘30周书》及其更新 | | 10-35-35 45 | 50外围家街道 | | 中文字加 | 日本日本文出版 | | 00 DOCEDDOOD. | | | --- | --- | | DOGERATORNED | 11 ...

Core Viewpoint - The announcement highlights the termination of liquidity services for the Jiashi National Communication ETF and the potential termination of the Jiashi Pension Target Date 2055 Fund if its net asset value falls below 200 million RMB by November 21, 2025 [1][3][6]. Group 1: Fund Termination and Liquidity Services - Jiashi Securities will cease providing liquidity services for the Jiashi National Communication ETF (code: 159695) starting November 20, 2025 [1]. - The Jiashi Pension Target Date 2055 Fund may trigger contract termination if its net asset value is below 200 million RMB by November 21, 2025, as per the fund contract [5][6]. - The fund's contract became effective on November 21, 2022, and has a five-year lock-up period for subscriptions [4][5]. Group 2: Fund Management and Operations - The fund management company is Jiashi Fund Management Co., Ltd., with the custodian being Bank of Communications Co., Ltd. [5]. - The fund has suspended subscription and regular investment services since November 14, 2025, and will enter liquidation if the termination condition is met [6][7]. - Investors will not be able to redeem or subscribe to the fund once it enters the liquidation process [7]. Group 3: Market Conditions and Risks - The Jiashi Nasdaq 100 ETF has been trading at a significant premium over its net asset value, prompting the fund management to warn investors about potential risks [11]. - The fund management emphasizes that market supply and demand, systemic risks, and liquidity risks can affect the trading price of the fund [11].