Question 2: What do you mean by underwriting?

Underwriting refers to the contract signed between the issuer and the underwriting institution, in which the underwriting institution buys or sells all the remaining securities and bears all the sales risks. For issuers, underwriting does not have to bear the risk that securities cannot be sold, but also can raise funds quickly, which is suitable for those enterprises with large capital demand, low social awareness and lack of securities issuance experience.