1. Private equity investment fund (hereinafter referred to as private equity fund) refers to an investment fund established in People's Republic of China (PRC) to raise funds from investors in a private way. 2. The investment of private equity fund property includes buying and selling stocks, equity, bonds, futures, options, fund shares and other investment targets agreed in the investment contract. Risk warning: fundraising methods of private equity funds: private equity funds should raise funds from investors in a non-public way, and they should not raise funds publicly or in disguised form: 1) Strictly limit the number of investors: the cumulative number of investors in a single private equity fund should not exceed a specific number stipulated by law. There are no more than 50 fund investors of partnership type and limited company type, and no more than 200 fund investors of contract type and joint-stock company type. 2) Strictly restrict the ways of raising funds: it is not allowed to publicize and promote to unspecified objects through newspapers, radio, television, internet and other public media or lectures, reports, analysis meetings and notices, leaflets, text messages, WeChat, blogs and emails.

Legal objectivity:

civil law

Article 57

A legal person is an organization that has the capacity for civil rights and civil conduct, enjoys civil rights and undertakes civil obligations independently according to law.

civil law

Article 58

A legal person shall be established according to law.

A legal person shall have its own name, organization, domicile, property or funds. The specific conditions and procedures for the establishment of a legal person shall be in accordance with the provisions of laws and administrative regulations.

The establishment of a legal person shall be approved by the relevant authorities in accordance with the provisions of laws and administrative regulations.