1. Public offering fund, financial vocabulary, as opposed to "private equity fund". A fund that publicly issues beneficiary certificates to socially unspecified investors. In our country, it takes the form of contract organization. Under the supervision of the competent government departments, there are industry norms such as information disclosure, profit distribution and business restrictions. Public Offering of Fund () refers to a securities investment fund that raises funds from public investors in an open way and mainly invests in securities. Publicly raise funds through the mass media, and promoters gather public funds to set up investment funds for securities investment. Under the strict supervision of the law, these funds have industry norms such as information disclosure, profit distribution and operation restrictions.

2. Private placement institutions refer to departments and units set up to raise funds privately from a few institutional investors. Because the sales and redemption of private equity institutions are conducted through private consultation between fund managers and investors, they are also called departments or units that raise funds from specific targets.

3. The original shareholders refer to the promoters who meet the conditions stipulated in the Company Law, participate in the initial establishment activities of a limited liability company, sign the articles of association and actually fulfill their capital contribution obligations.

Matters needing attention in block trading:

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2. The transaction price of a block trade shall not be regarded as the closing price of the securities on that day. Block trading volume is included in the total trading volume of securities after the close. And the volume, transaction price and buyers and sellers of each block transaction are announced separately after the close. Finally, it must be understood that block trades are not included in the index calculation, so it has no effect on the index of the day.