Tips for Qualified Investor Certification

Dear Investors：
        According to the laws, administrative regulations and the relevant rules of China Securities Regulatory Commission and China Securities Investment Fund Association, the investors of privately-raised investment funds shall be qualified investors with the appropriate capability of risk identification and risk tolerance. Before continuing to visit our website, please confirm that you or the entity you represent is a “qualified investor of privately-raised investment funds”. As to a qualified investor of privately-raised investment funds, the provisions of Chapter III of Interim Measures for the Supervision and Administration of China’s privately-raised investment funds are as follows:
A qualified investor of Privately-raised Funds shall refer to an entity or individual that has the appropriate capability of risk identification and risk tolerance, that invests at least RMB 1 million in a single Privately-raised Fund, and that meets any of the following standards:
        1、The qualified investor, if it is an entity, shall have net assets of not less than RMB 10 million;
        2、The qualified investor, if being a natural person, shall have financial assets of not less than RMB 3 million or average annual personal income of not less than RMB 500,000 in the past three years. . For the purpose of the preceding paragraph, financial assets shall include bank deposits, stocks, bonds, fund units, asset management schemes, bank wealth management products, trust schemes, insurance products, futures interests, etc.
The following investors shall be deemed as qualified investors：
        1、Social security funds, enterprise annuities and other pension funds, the charitable fund and other social non-profit funds;
        2、Duly-established investment schemes that have been filed with the AMAC;
        3、Managers of Privately-raised Funds and their practitioners who invest in the Privately-raised Funds under their management;
        4、Other investors prescribed by the CSRC;
Where the investment in the Privately-raised Funds is directly or indirectly made through pooling the funds of multiple investors in unincorporated forms such as partnership or contract, Managers of Privately-raised Funds and Institutions Selling Privately-raised Funds shall penetrate the investment to review whether the ultimate investor is qualified investor or not and calculate in a consolidated manner the number of investors, provided however the investment in the Privately-raised Funds made by the investors meeting the requirements in the above Item 1, 2, 3 and 4 will not be subject to the penetrating review on whether the ultimate investor is qualified investor or not and the consolidated calculation of the number of investors.