Regulations Governing Offshore Funds Article 45

The master agent shall immediately publicly announce and notify sub-distributors of the convening of beneficiaries meetings or shareholders meetings of the offshore fund and any other material events related to the exercise of investor rights. Where the master agent purchases, for investors in the master agent's own name, any offshore fund from the offshore fund institution, the master agent shall immediately inform its investors of any matters that materially affect investors’ rights and interests, compile the comments of its investors, and notify the offshore fund institution of the comments.Where a sub-distributor purchases offshore funds for investors in the sub-distributor's own name, upon receipt of notification of the convening of a beneficiaries meeting or shareholders meeting, the sub-distributor shall immediately inform its investors thereof and of any matters materially affecting investors’ rights and interests, compile the comments of its investors, and notify the offshore fund institution of the comments or transmit the comments through the master agent to the offshore fund institution.