Guo Long carbon sink development fund is not Public Offering of Fund, but Public Offering of Fund is generally a securities investment fund. The establishment and business of the fund must be approved by the China Securities Regulatory Commission.

The articles of association of Guo Long Carbon Sequestration Fund clearly stipulate that this fund belongs to the public welfare fund. The geographical scope of the Fund's public offering is China and the countries and regions that allow the Fund to raise funds.