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Must the fund expire before it can be withdrawn?
The fund has an investment period, that is to say, the fund is a closed-end fund, which can only be taken out after it expires, because the closed-end fund has entered a closed period after its establishment, and no transactions can be made during the closed period. Investors can only withdraw funds after the fund expires.

Investors should note that if closed-end funds are subsequently listed on the stock exchange, then investors can transfer closed-end funds to the on-site market for sale. Investors can transfer funds to the on-site market after handling the re-custody business. If the closed-end fund is not listed on the stock exchange, then investors can only hold it until it expires and sell it after the closed-end period.