Class Fund is hereinafter referred to as Class Fund.

1. General: Class Fund aims to encourage alumni of China University of Science and Technology to donate by class, and ensure the safe and reasonable use of class fund.

2. Source of funds: donations by alumni classes (or similar groups) of China University of Science and Technology; The class fund package

includes the class

fund entrusted by the China University of Science and Technology (Overseas Alumni Foundation).

3. Scope of use: the class fund is used to reward teachers and students of China University of Science and Technology and improve the quality of teaching and research of China University of Science and Technology. The class fund can (but not limited to) reward outstanding students and subsidize poor students. Reward

or subsidize teachers' teaching and scientific research activities.

4. Principles of management and use:

4.1) Financial disclosure: Xinchuang Foundation promises to disclose the financial status including class funds, publish the annual financial report

, and conduct independent financial audit. The accounts and audit reports of Xinchuang Foundation are kept in the Secretary-General, and

can be read and supervised by alumni;

4.2) Coordinator: An alumni class that has set up a class fund should have a class fund coordinator to keep regular contact with the Xinchuang Foundation. The Xinchuang Foundation thinks that the coordinator represents the alumni class. The Xinchuang Foundation regularly informs the alumni class about the income and expenditure of the class fund through the class fund coordinator.

4.3) The use of the class fund shall comply with the articles of association of the Innovation Foundation and be agreed by both the Executive Committee of the Innovation Foundation and the coordinator of the class fund

;

4.4) Escrow principle: the class fund managed by the Overseas Alumni Foundation must comply with the bylaws of the Overseas Alumni Foundation and be approved by its board of directors.

5. Supplementary provisions: The right to interpret this bylaw belongs to the Executive Committee of the New Venture Fund.