generally speaking, the fund manager will hire a statutory capital verification institution to make capital verification within 1 days from the expiration of the raising period, and submit the capital verification report to the China Securities Regulatory Commission within 1 days from the date of receiving the capital verification report, and go through the fund filing procedures. Since the date of written confirmation by the China Securities Regulatory Commission, the fund contract has been established after the fund filing procedures have been completed.

Huabao Xingye Pharmaceutical Bio ended its fundraising on February 24th, and then it can be established in about mid-March after ten days. After its establishment, it can be redeemed after three months.