Dear Users:

Since the net value of leveraged ETF product ALGO3S and SXP3S is lower than 0.05 USDT, it triggers the Share Merging Mechanism. As such, MXC will merge the shares of ALGO3S and SXP3S at 14:00 (UTC+8), August 13.

The 10 shares of ALGO3S and SXP3S will be merged into 1 share respectivley. Consequently, the net value per share of ALGO3S and SXP3S will be up 10 times, while user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.

Learn more about leveraged ETF, please visit:

1. What is "Share Merging Mechanism"

2. Guide for Leverage ETF

3. Leveraged ETF Lecture

4. FAQ for Leveraged ETF

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