Subscription application (T day); Subscription transaction confirmation (t+1); Subscription share confirmation (T+n+2 days: T+n day is the last raising day). Generally speaking, the subscription application on T- 1, 15: 00 (excluding) -T- 15: 00 (including) will return the subscription transaction confirmation result before T+ 1, 19: 00. Return the subscription share confirmation result before T+n+2 (T+n is the final sale date) 19: 00.

Private placement, that is, private investment funds, refers to investment funds that are raised from qualified investors in the form of non-public offering and invested in investment targets such as stocks, equity, bonds, futures, options, fund shares, etc. ) stipulated in the investment contract, referred to as private equity fund.