M&A Fund sets up an investment decision-making committee, which consists of two persons appointed by listed companies and two persons appointed by PE institutions. The development, adjustment and evaluation of M&A project shall be reported to the investment decision-making committee for decision-making, and the investment can be implemented only after the investment decision-making committee has passed more than 3 votes (including 3 votes). Listed companies have a veto power over the projects they want to invest in.

Hold the priority investment right of the project. In view of the fact that listed companies usually only cooperate with a single PE institution to set up M&A funds, the holding projects in the investment direction of M&A funds obtained by the PE institution will be given priority by the M&A Fund Investment Decision Committee after being fully adjusted and approved. Only projects rejected by the M&A Fund Investment Decision Committee or not given a reply within the agreed time can PE institutions recommend them to other funds managed by them. Private equity funds can go directly to private equity direct stores to communicate with private equity.