According to the notice of the Measures for the Registration of Private Equity Fund Managers and the Filing of Funds (Trial), Article 16 Professionals engaged in private equity fund business shall have the qualifications for private equity fund practice.

Meet one of the following conditions, can be identified as having the qualification of private equity fund:

(1) Having passed the private equity fund qualification examination organized by the fund industry association;

(2) Engaged in investment management-related business in the last three years;

(three) other circumstances identified by the fund industry association.

Article 17 The senior managers of private fund managers shall be honest and trustworthy, have no record of serious dishonesty in the last three years, and have not been banned from the market by the China Securities Regulatory Commission.

The senior management mentioned in the preceding paragraph refers to the chairman, general manager, deputy general manager, executive partner (designated representative), compliance risk controller and other personnel who actually perform the above duties.

Article 18 Private fund practitioners shall regularly participate in the practice training organized by fund industry associations or their authorized institutions.