Article 37 of the Regulations on the Operation and Management of Private Equity Asset Management Plan of Securities and Futures Operating Institutions shows that the extraction of performance reward should match the duration, income distribution and investment operation characteristics of the asset management plan, and the extraction frequency should not exceed once every six months, and the extraction ratio should not exceed 60% of the investment income above the performance reward accrual benchmark.

Performance reward means that the fund manager extracts a certain percentage of income as performance reward according to the operation situation during the fund operation.