It is private placement. Because no relevant information can be found, it is classified as private placement.

Public equity funds, a financial vocabulary, are opposite to "private equity funds". Refers to funds that publicly issue beneficiary certificates to unspecified investors in society. In our country, we adopt a contractual organizational form. It is subject to the supervision of government authorities and is restricted by industry regulations such as information disclosure, profit distribution, and operating restrictions.

Public Offering of Fund refers to a securities investment fund that raises funds from public investors in a public manner and uses securities as its main investment object. Public funds are recruited through mass media, and the promoters pool public funds to establish investment funds for securities investment. These funds are under strict legal supervision and have industry regulations such as information disclosure, profit distribution, and operating restrictions.

Private equity, that is, private equity investment funds, refers to funds raised from qualified investors through non-public offerings and invested in stocks, equities, bonds, futures, options, fund shares and other investment targets stipulated in the investment contract. (such as art, wine, etc.) investment funds, referred to as private equity funds.