For investors who are interested in subscribing, REITs projects can be subscribed in both on-site and off-site ways. On-site subscription procedures are1October 29th-1October 30th (t+1) 9: 30-10: 30, 13: 00-60. Over-the-counter subscription requires the use of a fund account, and the amount of each subscription for over-the-counter subscription shall not be less than 65,438+0,000 yuan.

If the subscription share of public investors exceeds the limit, the doomsday proportional placement will be implemented.

As a contractual closed project, the duration of REITs of Huaxia Yuexiu Expressway is 50 years from the effective date of the fund contract, and the duration of REITs of Jianxin Zhongguancun is 45 years. However, after the establishment of the fund, it will be listed and traded on the exchange, and investors with cash flow needs can withdraw through on-site trading.

Project risk

(1) Centralized investment risk

The three industrial parks where the fund project is held are located in Zhongguancun Industrial Park. Therefore, compared with other diversified public securities investment funds, this fund will have higher centralized investment risk.

(2) Operational risk

The investment concentration of infrastructure funds is high, and the rate of return depends largely on the operation of infrastructure projects. Due to factors such as changes in the economic environment or poor management, the actual cash flow of infrastructure projects may be significantly lower than the expected cash flow, and there is a risk of poor return on funds. The fluctuation of income such as rent and expenses during the operation of infrastructure projects will also affect the stability of the fund's income distribution level.

(3) Risks related to the transformation of infrastructure projects

According to the project completion report, the future 10 large and medium-sized maintenance project planning and corresponding cost estimation of Building 5 of Internet Innovation Center, Building 4 of Collaboration Center and Incubator are10.45 million yuan, 507 10/0.00 million yuan and 8,458,200 yuan respectively. During the public offering of funds, the building standards applicable to infrastructure projects may become more stringent, and public offering of funds may require a lot of money to ensure compliance with these standards. Infrastructure projects may require a lot of capital expenditure to maintain good conditions, which may adversely affect the income of public offering funds.