1. According to the Securities Law of People's Republic of China (PRC), the Fund Law of People's Republic of China (PRC) and other laws and regulations, the Measures for the Registration and Filing of Private Investment Funds are formulated. They are one of the regulatory rules of the private investment fund market and have legal effect. In the operation of private investment funds, we must abide by relevant laws, regulations and regulatory rules, otherwise we will face legal responsibilities and regulatory penalties.

2. The Measures for the Registration and Filing of Private Investment Funds is one of the self-discipline rules of the private investment fund industry, aiming at regulating the operation behavior of private investment funds, protecting the rights and interests of investors and promoting the healthy development of the industry. In the private investment fund industry, self-discipline rules are an important means of self-management and supervision, which can improve the transparency and credibility of the industry and enhance the stability and sustainability of the market.