Since the net value of leveraged ETF products SRM3S are lower than 0.05 USDT respectively, they trigger the Share Merging Mechanism. As such, MXC will merge the shares of SRM3S at 23:20 on April 25, 2021 (UTC+8).
The 10 shares of SRM3S will be merged into 1 share respectively. Consequently, the net value per share of SRM3S 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.