Group 1 - The announcement details the opening period for the "Zhaoshang Tianrun 3-Month Regular Open Bond Fund," which will be open for subscription, redemption, and conversion from October 10, 2025, to October 16, 2025 [1][5] - The fund will enter a closed period from October 17, 2025, to January 19, 2026, during which no subscription, redemption, or conversion requests will be accepted [2][4] - The fund is structured to have a closed period of three months followed by an open period, with each open period lasting no less than 5 working days and no more than 20 working days [1][4] Group 2 - The minimum subscription amount during the open period is set at 10 yuan for most channels, while the first subscription through direct sales requires a minimum of 500,000 yuan [6][7] - The fund charges a front-end subscription fee for Class A shares, while Class C shares do not incur any subscription fees [7][8] - Redemption requests must be for at least one share, and if the remaining balance after redemption is less than one share, the investor must redeem all shares [11][12] Group 3 - The fund management company can adjust the subscription and redemption fees within the legal framework and will announce any changes in advance [10][16] - The fund will disclose the net asset value and cumulative net asset value of the fund shares on the day following each open day through designated media [25][26] - Investors are encouraged to read the fund contract and prospectus for detailed information regarding the fund's operations and risks [26][31]

Group 1 - The fund being launched is the "招商中证A50交易型开放式指数证券投资基金发起式联接基金" [25] - The fund is categorized as a contract-type open-end ETF linked fund [2] - The fund will be publicly offered from October 13, 2025, to October 31, 2025, with the possibility of adjustments based on subscription conditions [4][33] Group 2 - The fund is managed by 招商基金管理有限公司 and the custodian is 中国建设银行股份有限公司 [2][3] - The minimum subscription amount for the A class fund shares through direct sales is 500,000 RMB, while for non-direct sales, it is 1 RMB [3][42] - The fund has two classes of shares: A class, which charges subscription fees, and C class, which does not [27][36] Group 3 - The total amount of fund shares to be raised is no less than 1 million shares, with a total fundraising amount of at least 10 million RMB [31] - The fund's initial share price is set at 1 RMB [30][36] - Investors can subscribe multiple times during the fundraising period, but each subscription will be treated separately for fee calculations [42][43] Group 4 - The fund's sales institutions include both direct and non-direct sales channels [6][34] - Investors must ensure that the funds used for subscription are legally sourced and not borrowed [3][42] - The fund's effective subscription funds will earn interest during the fundraising period, which will be converted into fund shares for the holders [10][61]