1, the effective date of the fund contract is generally the date when the fund manager goes through the filing formalities with the CSRC and the CSRC gives written confirmation.

2. According to the provisions of the Contract Law, a legally established contract takes effect upon its establishment. Where laws and administrative regulations stipulate that examination and approval, registration and other procedures shall be handled, such provisions shall prevail. The parties may agree to attach conditions to the validity of the contract. A contract with effective conditions shall take effect when the conditions are met.