The proportion of fund placement will not be known until the fund manager issues an announcement. After the general fund raising, after determining the subscription amount of the fund, the fund company can determine the fund placement ratio according to the ratio between the subscription amount and the raised amount.

For funds with hot subscription, if the subscription amount exceeds the raised amount, the subscription application will be confirmed in proportion. In other words, the amount invested by each investor can only be partially closed. Unconfirmed funds will generally be returned to investors within a few trading days after the end of the fundraising period.