Status quo of Fuande in Shanghai: With the strong cooperation of relevant departments, the Economic Investigation Brigade stopped handling any business in this department in time and immediately coordinated Shanghai Fuande Equity Investment Fund Management Co., Ltd. to refund the investors' funds in our jurisdiction. More than 400,000 yuan has been returned, and the relevant persons involved are being processed. At present, the Economic Investigation Brigade of Yindu Branch has reported to the superior public security department to investigate and deal with the branches set up by Shanghai Fuande Equity Investment Fund Management Co., Ltd. in China.

Shanghai Fuande Equity Investment Fund Management Co., Ltd. was established on 20 12-0 1-09. Its business scope includes: equity investment fund management, investment management, asset management, property management, industrial investment, investment consulting, business consulting (except brokerage), financial consulting (not allowed to keep books), corporate image planning, and so on.