The conditions for the establishment of publicly offered fund products are as follows:

1. It has articles of association that conform to the provisions of People's Republic of China (PRC) Labor Law and Company Law;

2. The registered capital shall not be less than 1 billion yuan, and it must be paid-in monetary capital;

3. The major shareholders engaged in financial business or managing financial institutions have good performance, good financial status and social reputation, the asset scale meets the standards set by the State Council, and there is no illegal record in the last three years;

Four, the number of people who have obtained the qualification of the fund has reached a quorum;

Five, directors, supervisors and senior management personnel have the corresponding qualifications;

6. Having business premises, safety facilities and other facilities related to the fund management business;

7. Good internal governance structure, perfect internal audit monitoring system and risk control system;

Eight, laws and administrative regulations and other conditions approved by the the State Council securities regulatory agency.