Private fund raisers are opened by private fund custodians, commonly known as "special account for fund operation outsourcing services of XX Securities Co., Ltd.", which is a special account entrusted by private fund managers to provide fund services.

The special account for private fund raising and settlement funds is used to uniformly collect private fund raising and settlement funds, distribute income to investors, pay redemption money, distribute the remaining fund property after fund liquidation, and ensure the original income of funds.