DECREE OF THE NATIONAL TOURISM ADMINISTRATION AND THE MINISTRY OF COMMERCE

the National Tourism Administration, the Ministry of Commerce

Decree of the National Tourism Administration and the Ministry of Commerce

[2005]No. 20

With a view to accommodating to the requirement of opening to the outside world of national tourism industry and promoting the development
of national tourism industry, the National Tourism Administration and the Ministry of Commerce decided to make the following amendment
to the Interim Provisions on the Establishment of Foreign-funded Share-Holding and Wholly Foreign-funded Travel Agencies according
to the relevant provisions of Article 28 of the Regulations on the Administration of Travel Agencies.

1.

Paragraph 4 of Article 6 shall be revised as: the registered capital shall be not less than RMB 2.5 million Yuan.

2.

Article 7 shall be deleted.

This revision shall come into force as of the date of promulgation.

He Guangwei, Director General of the National Tourism Administration

Bo Xilai, Minister of the Ministry of Commerce

February 17th, 2005