within the validity period approved by the CSRC. In practice, the issuer usually submits a filing application to the fund industry association as soon as possible after obtaining the approval from the CSRC. Because after the filing is completed, the asset management plan can start to operate, and the issuer can carry out the subsequent stock issuance work. Therefore, within the validity period approved by the CSRC at the latest, the issuer needs to ensure that the asset management plan is filed with the fund industry association.