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Excuse me: What does direct equity investment mean? What do you mean by main business and fund?
Direct equity investment refers to direct investment in the equity of the project company with its own funds, and the direct owner of the equity is the company.

Relatively speaking, it is indirect equity investment, which is also the way most enterprises and well-funded institutions choose. The specific way is to have the funds of our own company or several other companies. Together, as an investor, LP hired a professional investment team, registered an equity investment fund, and then invested in various project companies in the name of this fund. Generally speaking, the investor does not directly hold the equity of the project company, but is held and managed by the fund company.