Yingyong Fund is not a state-owned enterprise. Fund Co., Ltd. is a young Sino-foreign joint venture fund company jointly funded by Bank of Ningbo, United Fund Management Co., Ltd. and employee shareholder * * *, with a registered capital of 200 million, and its office is located in Lujiazui, Pudong, Shanghai. It is a high starting point, high standard and full of vitality. The business scope of the company includes fund raising, fund sales, asset management and other businesses specified by China Securities Regulatory Commission.