1. Fund shares and fund units are not the same concept. Simply speaking, "unit" and "share" are the same concept.

2. Fund shares are publicly issued by the fund sponsor to investors, indicating that the holder has the right to income distribution, the right to acquire the remaining property after liquidation and other related rights to the fund property based on the shares he holds. and bear corresponding obligations.

3. Fund units refer to certificates issued by the fund sponsor to unspecified investors, indicating that the holder enjoys asset ownership, income distribution rights and other related rights in the fund, and assumes corresponding obligations.