Legal analysis: Custody agreement is an agreement between fund company or fund manager and fund custodian on the preservation of fund assets. Escrow agreement legally defines the responsibilities, rights and obligations of both the principal and the trustee, and the trusteeship agreement is to determine the trustee.

Legal basis: Article 2 of the People's Republic of China (PRC) Securities Investment Fund Law establishes a securities investment fund (hereinafter referred to as the fund) in People's Republic of China (PRC) by way of public offering or private placement, which is managed by the fund manager and managed by the fund custodian, and operates for the benefit of the fund share holders, and this Law is applicable; Where there are no provisions in this Law, the provisions of People's Republic of China (PRC) Trust Law, People's Republic of China (PRC) Securities Law and other relevant laws and administrative regulations shall apply.