According to the "Interim Measures for the Supervision and Administration of Private Equity Investment Funds" and other relevant laws and regulations, investors in private equity investment funds must meet certain suitability requirements. Here are some key excerpts, and for more detailed information, please refer to the full text of the relevant documents:

Qualified investors for private equity funds are defined as entities and individuals with the appropriate risk identification and risk tolerance capabilities, who invest a minimum of 1 million yuan in a single private equity fund and meet the following applicable standards:

(1) Entities with net assets not less than 10 million yuan.

(2) Individuals with financial assets not less than 3 million yuan or with a recent three-year average annual income not less than 500,000 yuan. Financial assets mentioned in the preceding paragraph include bank deposits, stocks, bonds, mutual fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures equity, and similar assets.

The following investors are considered qualified:

(1) Social security funds, pension funds such as enterprise annuities, and social welfare funds such as charitable funds.

(2) Investment plans legally established and registered with the Fund Industry Association.

(3) Private equity fund managers and their personnel who invest in the private equity funds they manage.

(4) Other investors specified by the China Securities Regulatory Commission.

In cases where investors participate through non-legal entity forms such as partnerships or contracts, and pool funds from a majority of investors to directly or indirectly invest in private equity funds, the private equity fund manager or the agency responsible for private equity fund sales must conduct a thorough verification to ascertain whether the ultimate investor qualifies as a qualified investor. Additionally, the number of investors should be calculated on a consolidated basis. However, for investors who meet the criteria outlined in items (1), (2), and (4) of this article, there is no need for further extensive verification regarding their status as qualified investors, and the number of investors is calculated through consolidation.