Provisions on Issues Concerning Fund Management Companies Carrying out Specific Multi-Client Asset Management Business Article 2 When fund management companies engage in multi-client specific asset management business, the "Pilot Measures for Fund Management Companies' Specific Client Asset Management Business" and these regulations shall apply.

Article 3 A fund management company engaging in multi-client specific asset management business means that a fund management company that has obtained specific asset management business qualifications raises funds from two or more specific customers, or accepts property entrustment from two or more specific customers to act as an asset manager.

A commercial bank acts as an asset custodian. For the benefit of the asset client, it collects its entrusted properties in a specific account and conducts securities investment activities.

Article 4 Fund management companies shall follow the principles of voluntariness, fairness, integrity, and standardization, treat the different assets under management fairly, and prohibit all forms of benefit transfer.

Article 5 Fund management companies shall establish internal control, compliance management and daily monitoring systems for abnormal transactions, regulate the business behavior of investment managers and other relevant staff, and prevent and resolve various types of problems that may arise during the development of multi-client asset management business.

risks and protect the legitimate rights and interests of all parties involved.

Article 6 A fund management company engaged in multi-client specific asset management business shall sell asset management plans to qualified specific customers.

The qualified specific customers mentioned in the preceding paragraph refer to natural persons, legal persons, legally established organizations or the China Securities Regulatory Commission who are entrusted to invest in a single asset management plan with an initial amount of not less than 1 million yuan and who are able to identify, judge and bear corresponding investment risks.

Other specific customers that will be recognized.

Article 7 If a fund management company handles specific asset management business for multiple clients, the number of clients of a single asset management plan shall not exceed 200, and the total initial assets entrusted by clients shall not be less than RMB 50 million. The China Securities Regulatory Commission has other regulations.

Except.

Article 8 To engage in multi-client specific asset management business, each asset client, asset manager, and asset custodian shall jointly enter into a written asset management contract to clearly stipulate their respective rights, obligations, and related matters.

The asset management contract should clearly stipulate the time, method, price, procedure and other matters for the asset client to participate in and withdraw from the asset management plan.

Asset management plans should be set up for equal shares.

Unless otherwise agreed in the asset management contract, each plan share has the same legal rights.

The asset trustor, asset manager and asset custodian shall abide by the asset management contract. The content and format of the asset management contract shall be separately stipulated by the China Securities Regulatory Commission.

Article 9 When a fund management company sells an asset management plan to a specific customer, it shall prepare an investment prospectus.

The investment prospectus shall be true, accurate and complete, and shall not contain any false records, misleading statements or major omissions.

The investment prospectus shall include the following contents: (1) Overview of the asset management plan; (2) Main contents of the asset management contract; (3) Overview of the asset manager and asset custodian; (4) Investment risk disclosure; (5) Initial sales period

; (6) Other matters prescribed by the China Securities Regulatory Commission.

Article 10 Before signing an asset management contract, the asset manager shall ensure that there is sufficient time for the asset client to review the content of the contract, fully understand the asset client's financial capabilities, financial investment experience and investment purposes, and prepare a client information sheet and relevant

Certification materials shall be retained for future reference, and a dedicated person shall be assigned to provide detailed explanations to the asset trustor regarding the asset management plan.

Article 11 A fund management company may sell asset management plans on its own, or entrust an institution with fund sales qualifications to sell asset management plans on its behalf.

Article 12 Fund management companies and agency sales agencies are not allowed to sell asset management plans through newspapers, television, radio, the Internet (except the websites of fund management companies, agency sales agencies) and other public media, and are not allowed to make illegal promises of income or commitments.

loss, or use unfair means such as false propaganda, forecasting earnings, and commercial bribery to sell asset management plans.

Article 13 Fund management companies shall sell asset management plans within the period specified in the investment prospectus.

If the initial sales period expires and the conditions specified in Article 7 of these Regulations are met, the fund management company shall hire a statutory capital verification agency to verify the capital within 10 days from the date of expiration of the initial sales period, and report it to the China Securities Regulatory Commission within 10 days from the date of receipt of the capital verification report.

The capital verification report and customer information form will be submitted and relevant filing procedures will be completed.

Article 14 Asset managers and sales agents shall open accounts related to the sale of asset management plans at a commercial bank qualified for securities investment fund custody business, and the bank shall supervise the funds in the account.

The asset manager shall deposit the client's funds during the initial sale of the asset management plan into a special account, and no one may use it before the initial sale of the asset management plan is completed.