Legal basis:
People's Republic of China (PRC) Civil Code
Article 471 The parties may conclude a contract by offer, acceptance or other means.
Article 472 An offer is an expression of intention to conclude a contract with another person and shall meet the following conditions:
Specific content;
(2) The offeror is bound by the expression of will by indicating that he has accepted the offer.
An invitation to offer is an expression of the hope that others will make an offer to themselves. Auction announcement, tender announcement, prospectus, bond raising method, fund raising prospectus, commercial advertisement, publicity and price list sent are all invitations to offer. If the contents of commercial advertisements and propaganda meet the conditions of the offer, it constitutes an offer.