On July 4, the China Foundation Association announced that on March 27, 2018, the China Securities Investment Fund Industry Association issued the “Notice Concerning Private Equity Fund Managers Submitting Special Legal Opinions under Abnormal Operating Conditions”. According to the relevant provisions of the “Notice”, two institutions including Shenzhen Longlin Private Equity Investment Fund Management Co., Ltd. cannot continue to meet manager registration requirements. The Association will cancel the private equity fund manager registration of the above 2 institutions. Private equity fund managers and relevant parties that have been cancelled shall properly dispose of fund assets under management in accordance with laws and regulations, regulations of the Securities Regulatory Commission, relevant self-regulatory rules of the Association, and fund contract agreements, and protect the legitimate interests of investors in accordance with law.

On July 4, the China Foundation Association announced that on March 27, 2018, the China Securities Investment Fund Industry Association issued the “Notice Concerning Private Equity Fund Managers Submitting Special Legal Opinions under Abnormal Operating Conditions”. According to the relevant provisions of the “Notice”, two institutions including Shenzhen Longlin Private Equity Investment Fund Management Co., Ltd. cannot continue to meet manager registration requirements. The Association will cancel the private equity fund manager registration of the above 2 institutions. Private equity fund managers and relevant parties that have been cancelled shall properly dispose of fund assets under management in accordance with laws and regulations, regulations of the Securities Regulatory Commission, relevant self-regulatory rules of the Association, and fund contract agreements, and protect the legitimate interests of investors in accordance with law.