Core Viewpoint - The announcement details the operational framework for the Hai Fu Tong Rui Xiang One-Year Regularly Open Bond Fund, including its subscription, redemption, and conversion processes, as well as the specific timelines for open and closed periods [1][2][20]. Subscription and Redemption - The fund operates on a periodic open basis, with the first closed period lasting one year from the effective date of the fund contract, which is July 28, 2017 [2]. - The eighth closed period is from January 21, 2025, to January 20, 2026, after which the fund will accept subscription and redemption applications from January 21, 2026, to February 25, 2026 [2]. - The minimum subscription amount for off-market transactions is 1 yuan, while the minimum for on-market transactions is 100 yuan, with a maximum of 99,999,900 yuan [4]. - Redemption requests must be for at least one fund share, and the maximum for on-market redemptions is 99,999,999 shares [7]. Conversion Business - Fund conversion fees consist of the redemption fee from the outgoing fund and any difference in subscription fees between the outgoing and incoming funds [8][9]. - The conversion process can only be conducted within the same sales institution that handles both the outgoing and incoming funds [13]. - The fund allows conversions between specific funds, including Hai Fu Tong Rui Xiang One-Year Regularly Open Bond Fund and others like Hai Fu Tong Wen Guo Yi Bond Fund [12]. Sales Institutions - The fund can be sold through various institutions, including direct sales by Hai Fu Tong Fund Management Co., Ltd., and numerous banks and securities firms [17][18]. - The sales institutions must be recognized by the Shanghai Stock Exchange and the China Securities Depository and Clearing Corporation [19]. Net Asset Value Disclosure - During the closed period, the fund manager will announce the fund's net asset value at least once a week, while during the open period, the net asset value will be disclosed the day after each open day [20].