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Private equity related transactions?
That's not true. The definition of related party transactions does not involve the priority of share holders' interests, but refers to the interest association or control relationship between fund managers and enterprises or individuals invested by funds, which may lead to conflicts of interest in transactions. Even if the subordinate company or member company does not directly benefit, as long as there is an associated relationship, it can be identified as an associated transaction. However, fund managers should abide by the principle of giving priority to the interests of fund share holders, ensure fair and reasonable transactions and avoid transactions that conflict with the interests of fund share holders.