There are several ways for investors to quit: 1. Repurchase withdrawal refers to the withdrawal of venture capital by repurchasing the shares in the hands of investors through the management of venture entrepreneurs or venture enterprises. Two, M&A exit refers to the exit of venture capital through the merger or acquisition of venture enterprises by other enterprises. Third, the initial public listing exit (ipo) The initial public listing exit refers to the withdrawal of venture capital through the listing of venture enterprises.

Interim Measures for the Supervision and Administration of Private Investment Funds

Article 9 The registration of private fund managers and private funds by fund industry associations does not constitute the recognition of the investment ability and continuous compliance of private fund managers, but the guarantee of fund property safety.

Article 10 If a private fund manager is dissolved, revoked or declared bankrupt according to law, his legal representative or general partner shall report to the fund industry association within 20 working days, and the fund industry association shall cancel the registration of the fund manager in time and make an announcement through the website.