Since the net value of leveraged ETF products AAVE3S, BZRX3S and KNC3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of AAVE3S, BZRX3S and KNC3S at 20:00 (UTC+8), December 1st.
The 10 shares of AAVE3S, BZRX3S and KNC3S will be merged into 1 share respectively. Consequently, the net value per share of AAVE3S, BZRX3S and KNC3S will be up 10 times, while the user's holding amount will be down to 1/10. In this connection, user’s total asset will stay the same after the merging.