Legal analysis: the raising period of private equity funds is generally 1-3 months. During this period, private equity investors raise funds from specific investors. When the recruitment period ends, they enter the closed period. The closing period of private equity funds is generally 6 months to 1 year. At this point, the fund contract has come into effect. The raising period of private equity funds is generally 1-3 months. During this period, private equity investors raise funds from specific investors. At this stage, investors can only buy fund shares and cannot sell them. The bid price is the net value of the stock. Choose fund managers and trading teams with mature trading models and stable trading records as fund managers. The specific evaluation process is formulated by the relevant departments of the company, strictly implementing the strict system (the cooperation mode with the partnership enterprise is planned), and formulating the product design scheme, including the specific operation mode, risk control of the raising cycle, raising scale, closing period, underwriting method, capital investment, exit mechanism, etc. At the same time, a series of promotional activities such as roadshows were carried out.

Legal basis: Article 84 of the Company Law of People's Republic of China (PRC) establishes a joint stock limited company by offering, and the shares subscribed by the promoters shall not be less than 35% of the total shares of the company; However, if there are other provisions in laws and administrative regulations, those provisions shall prevail.