Our project team is in the process of foundation establishment and approval, and has learned about it. The most important national regulation on foundation management is the Regulations on Foundation Management. If you have any questions about the foundation, you can refer to this regulation. Foundations are divided into public foundations and non-public foundations. The following is the explanation and analysis of your question:

Every year, Public Offering of Fund is used to engage in public welfare undertakings stipulated in the articles of association, and shall not be less than 70% of the total income of the previous year; Non-public offering foundations shall use not less than 8% of the fund balance of the previous year for public welfare undertakings as stipulated in the articles of association.