The First FreeS Fund Open Day Is Here: If You're Thinking About Coming Back to China to Work or Start a Company, Come Hang Out at FreeS Fund --- In recent years, we've noticed more and more people overseas considering a return to China — whether to join a startup, start their own, or simply explore what's happening on the ground. If you're one of them, we'd love to meet you. FreeS Fund is hosting our first Open Day for returnees. No rigid agenda, no pressure. Just a chance to chat with our team, hear what we're seeing in the market, and share what you're working on or thinking through. **When:** [Date] **Where:** FreeS Fund office, Beijing **Who should come:** Anyone currently based overseas who's considering moving back to China for work or entrepreneurship Space is limited. If you're interested, drop us a line at [email] with a quick note on your background and what you're exploring. Looking forward to meeting you.

In 2020, we've weathered a lot of "black swan" events together. COVID-19 and shifting international policies have all shaped the study, work, and daily lives of Chinese people in America. Just recently, international students in North America faced another wave of policy turbulence. Returning home to start a company or joining a domestic startup has become an increasingly appealing path for many.

At this critical juncture, we'd like to introduce ourselves — FreeS Fund.

One thing we firmly believe: when we're willing to put in the effort to understand things at their core, separating emotion from fact, we gain a little more optimism and confidence about the future.

Since the pandemic began, we've published more than ten in-depth analytical pieces on COVID-19, sharing our analysis of how the pandemic has affected macro trends and specific industries, hoping to help entrepreneurs sort through the opportunities that lie ahead.

Beyond written exchange, this time, we want to talk with you face to face.

Scan the QR code to sign up 👆 Let's discuss directions for returning to start or join a company in China,

as well as the current state of Chinese venture capital.

On the morning of August 1, Beijing time, we'll host "Frees Share" in Beijing — our first Open Day in five years. Whether you're preparing to join a Chinese startup or planning to return and build your own, if you're currently in China, you're welcome to stop by FreeS Fund. (If you're still overseas, you can also join via video conference.)

Over 60% of CEOs in the FreeS Fund portfolio have overseas study or work experience. Our colleagues are graduates of Harvard University, Stanford University, University of Cambridge, Carnegie Mellon University, UC Berkeley, and other institutions.

We want to hear your thoughts and questions about career choices and professional development, and we're happy to share our own experiences and lessons learned. We also hope the exchanges and collisions of ideas among attendees will help you find kindred spirits at the event.

Speakers for the day include Feng Shu (Li Feng, founding partner of FreeS Fund), who has spent ten years doing cross-border investment between China and the US, plus three FreeS Fund founders with overseas study and work backgrounds:

• Lin Feng Yang, founder of Onion Academy, who earned his bachelor's degree in computer science from Harvard University;
• Tao Tong, co-founder and CEO of Kolmostar, who received his PhD in electrical and computer engineering from Harvard University;
• Du Zhang, founder and CTO of Shunshun Liuxue (acquired by TAL Education Group), who completed his undergraduate studies at Washington University in St. Louis.

▍How to Register

Scan the QR code to sign up 👆 For those currently overseas,

you're welcome to join via video conference.

P.S. In-person attendance is limited to 20 people; the specific location will be shared via email after your registration is approved.

▍Agenda and Speaker Bios

▍About Frees Share

"Frees Share" is a flagship event series launched by FreeS Fund in 2020. The first edition is oriented toward international students and returnee entrepreneurs, offering a lens through which to view trends and opportunities in China's venture capital landscape. Beyond "Frees Share," we also regularly host "Frees North America Tour" (offline sharing sessions at North American universities), "Frees God List" (North America internship program), and other initiatives.

▍Special Thanks

We extend our gratitude to the following seven organizations for their support:

ACE@Berkeley, CSSA (CMU Chinese Student Scholar Association), Chinese Entrepreneurs Organization, LinkedIn, MIT CEO, MIT·CHIEF, Harvard College China Forum.

▍About FreeS Fund

FreeS Fund (FREES FUND) is dedicated to mobilizing all possible capital, technology, and resources to invest in outstanding startups and help them grow into great enterprises with lasting social and commercial value.

Founded in 2015, FreeS Fund focuses on early and growth-stage investments. Our key investment areas are consumer, hard tech, and biomedicine. We track opportunities across lifestyle, education, culture and entertainment, fintech, intelligent manufacturing, artificial intelligence, biotech and new drug R&D, new energy and advanced materials, and more.

Our portfolio includes 360 Finance (listed on NASDAQ), Three Squirrels (listed on SZSE), Uber (listed on NYSE), Huasheng Haoche, Club Factory, Shunshun Liuxue, Onion Academy, 2:10 Animation, Qingqing Education, Saturnbird, Shima Chuxing, Qingtao Development, NextVPU, Unity, SoundAI, XtalPi,加特兰微电子, Singleron, CoreXVision, Kolmostar, Changgugu Medical, and other companies.

FreeS Fund focuses on long-term value, is research-driven, and encourages innovation. Like entrepreneurship itself, the path of investing is a long one. We firmly believe that being right matters more than being comfortable.