The establishment and fundraising period shall not exceed 3 months from the date of announcement of the fund prospectus.

From September 11, 2001 to September 18, 2001, it was sold to individual investors; from September 19, 2001 to September 20, 2001, it was sold to institutional investors.

According to the provisions of the pilot measures, if the net subscription amount of the fund has exceeded 200 million yuan and the number of investors subscribing to the fund has exceeded 100, the fund can be declared established.

If the net subscription amount of the fund does not reach 200 million yuan or the number of investors subscribing to the fund is less than 100, the fund will continue to be publicly sold to individual investors and institutional investors at the same time during the establishment and fundraising period until the above conditions are met and the fund is announced;

If the above conditions are not met within the three-month establishment and fundraising period, the issuance will be declared a failure.

If the issuance fails, the sponsor of the fund shall bear all the raising expenses and return the raised funds plus bank demand deposit interest for the same period to the fund subscribers within 30 days after the end of the raising period.