Product setup stage

⑴Select a fund manager. Choose a trading team with mature trading models and stable trading records as fund managers. The specific evaluation process will be strictly implemented by the company's relevant departments to formulate strict systems (planning to adopt a cooperation model with partnership companies)

⑵ Product design plan formulation, including specific operating modes, fundraising cycle risk control, fundraising scale, and closure Period, underwriting method, capital investment direction, exit mechanism, etc. At the same time, a series of promotion activities such as road shows were conducted.

2. Fund distribution channels and fundraising period regulations

⑴ During the fund issuance period, fund units will be sold to investors through agency sales channels such as securities business outlets and third-party institutions. Private equity funds mostly adopt the method of self-issuance, which means that the fund sponsor sells the fund directly to investors without going through an underwriter.

⑵ After the issuance period, the fund manager shall not use the raised funds for investment. The funds raised during the issuance period shall be transferred to the capital verification account, and capital verification shall be conducted by qualified institutions and individuals. A closed-end fund can only be established if the funds raised from the date of approval to the fundraising period exceed 80% of the approved scale of the fund.

⑶ If the funds raised by a closed-end fund are less than 80% of the approved scale of the fund when the fundraising period expires, the fund shall not be established. The fund sponsor must bear the fund raising expenses, and the raised funds plus bank demand deposit interest must be returned to the fund subscribers within 30 days.

3. Fund operation implementation

After the fund is established, it will enter a closed operation period in accordance with the product setting plan. Futures companies shall fulfill their risk monitoring obligations and track the operation of the fund.

4. Fund exit mechanism

After the expiration of the closed period, dividends will be distributed and exited according to the product setting plan. The futures company assists in the withdrawal process.