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Whether the issuer should disclose relevant major events in a timely manner during the duration of its private placement bonds?

During the fund raising period, investors can only buy funds, which is also called fund subscription. The price at which investors subscribe to the fund is calculated based on the net value of the fund share (i.e. 1 yuan).

There will be a certain limit on the number of subscribed shares of the fund. If the number of shares is reached in advance, the fundraising period of the fund can end early. If the number of shares raised exceeds the limit, it cannot be confirmed; if the scale of the fund raised does not reach the scale stated in the pre-announcement, the fund's fundraising period will not be confirmed.

The fund cannot be established.