MEASURES FOR THE ADMINISTRATION OF THE QUALIFICATIONS OF SECURITIES PRACTITIONERS

The China Securities Regulatory Commission Commission

Order of China Securities Regulatory Commission

No.14

The Measures for the Administration of the Qualifications of Securities Practitioners were adopted at the 16th president executive
meeting of China Securities Regulatory Commission on October 22, 2002, and are hereby promulgate and shall come into force on February
1, 2003.

Zhou Xiaochuan, President

December 16, 2002

Measures for the Administration of the Qualifications of Securities Practitioners

Chapter I General Rules

Article 1

In order to strengthen the administration of the qualifications of securities practitioners, to promote the normalized development
of the securities market and to protect the legitimate rights and interests of the investors, these Measures are enacted in accordance
with the Securities Law of the People’s Republic of China.

Article 2

The professionals, who undertake securities business in the institutions engaging in securities business pursuant to law (hereinafter
referred to as institutions), shall obtain the practice qualification and certificate according to these Measures.

Article 3

Institutions as used in these Measures refer to:

(1)

Securities companies;

(2)

Fund management companies, fund custodian institutions, and fund sale institutions;

(3)

Securities investment consulting institutions;

(4)

Securities credit evaluation institutions;

(5)

Other institutions engaged in the securities business as provided for by China Securities Regulatory Commission (hereinafter referred
to as CSRC).

Article 4

Securities professionals used in these Measures refer to:

(1)

Professionals undertaking proprietary trading, brokerage, underwriting, investment consulting, entrusted investment management, etc.,
in securities companies, including the managerial personnel of the relevant business departments;

(2)

Professionals undertaking fund sale, study and analysis, investment management, trading, supervision and auditing, etc., in fund management
companies and fund custodian companies, including the managerial personnel of the relevant business departments; professionals engaging
in fund publicity, marketing, consulting, etc., in fund sale institutions, including the managerial personnel of the relevant business
departments;

(3)

Professionals undertaking securities investment consulting in securities investment consulting institutions and the managerial personnel
thereof;

(4)

Professionals undertaking securities credit evaluation in securities credit evaluation institutions and the managerial personnel thereof;

(5)

Other personnel that need to obtain the practice qualification and certificate as provided for by CSRC.

Article 5

China Securities Association (hereinafter referred to as Association) is in charge of the practice qualification exam for practitioner,
issuance of practice certificate and practice registration, etc., pursuant to these Measures.

Article 6

CSRC shall direct and supervise the Association’s work relating to the administration of qualification for securities practitioner.

Chapter II Obtaining of Practice Qualification and Practice Certificate

Article 7

Whoever taking part in a qualification exam shall reach the age of 18, have at least a high school degree and have full civil capacity.

Article 8

The qualification exam shall be organized by the Association. Those passing the exam will be qualified for practice.

Article 9

Classified professional exams will not be employed in the practice qualification exam, which include a basic subject and a professional
subject.

According to the development of securities market, the Association may organize, aside from the qualification exam, other exams for
different specialties, which will not be compulsory exams and may be chosen by the practitioners themselves, and the results of such
exams will be referred to by the institutions in employment.

Article 10

A person that is qualified for practice and meets the following conditions may apply for the practice license through the institution:

(1)

Being employed by the institution;

(2)

Having not been given criminal punishment in the last three years;

(3)

Not being in any situation provided for in Article 126 of the Securities Law of the People’s Republic of China;

(4)

Not being prohibited from the securities market by CSRC, or the prohibition has expired;

(5)

Behaving well and having good professional ethics;

(6)

Other conditions provided for in laws and administrative regulations and by CSRC.

To apply for practicing securities investment consulting and securities credit evaluation, the applicant shall, at the same time,
meet Article 158 of the Securities Law of the People’s Republic of China and other relevant provisions.

Article 11

If the applicant meets the conditions provided for in these Measures, the Association shall put on record with CSRC and issue the
practice license within 30 days from receiving the application; if the conditions of these Measures are not met, the Association
will not issue the practice license, and shall notify the applicant or institution and explain the reasons in written form within
30 days from receiving the application.

Article 12

Qualification certificates are not classified. A person with practice certificate may, upon appointment, carry out securities business
on behalf of the institution that has employed him.

Chapter III Supervision and Administration

Article 13

Where a person with practice certificate hasn’t practiced in an institution for 3 consecutive years, the Association shall nullify
his practice certificate; if the person wishes to practice again, he shall participate in the practice training organized by the
Association and apply for the practice certificate over again.

Article 14

After a practitioner has obtained the practice certificate, if he resigns or is not employed by the institution that employed him
any more, or cancels the labor contract with the institution that employed him for other reasons, the said institution shall report
to the Association within 10 days after occurrence of the aforesaid situation, and the Association shall alter the practice registration
of that person.

If a practitioner with practice certificate become employee of another institution, the new employer institution shall report to the
Association within 10 days after occurrence of the aforesaid situation, and the Association shall alter the practice registration
of that person.

Article 15

An institution may not employ any person without practice certificate to carry out securities business.

Article 16

Where a practitioner, in the course of practice, violates the relevant securities laws and administrative regulations and the relevant
provisions of CSRC and is punished by the employer institution, the institution shall report to the Association within 10 days after
the punishment.

Article 17

The Association and institutions shall arrange follow-up professional training for the personnel with practice certificates to raise
their professional ethics and quality.

Article 18

The measures for practice qualification exam, exam outline, administration measures on practice certificate and practice rules etc
formulated by the Association pursuant to these Measures and the relevant provisions of CSRC shall be submitted to SCRS for approval.

Article 19

The Association shall establish an administration database of practitioner qualification to administer the qualification proclamation
and practice registration.

Chapter IV Rules for Punishment

Article 20

If anyone participating in a qualification exam violates the exam room rules or disrupt the exam room order, he may not participate
in the qualification exam within 2 years.

Article 21

If any person with practice qualification provides false materials in application for practice certificate, he will not be issued
the practice certificate; if the practice certificate has already been issued, it will be nullified by the Association.

Article 22

If an institution practices fraud, seeks private benefits through wrongful means and willfully creates difficulties for the relevant
parties in the application for practice certificate, or fails to perform the obligation of report pursuant to the provisions, the
Association shall order it to correct; if it refuses to do so, the Association shall give disciplinary sanctions to the directly
responsible personnel; if the circumstances are serious, CSRC will impose separately or concurrently a warning and a fine of no more
than 30,000 yuan.

Article 23

If an institution employs any person without practice certificate to carry out securities business, the Association shall order the
institution to correct; if it refuses to do so, it shall be given disciplinary sanctions; if the circumstances are serious, CSRC
will impose separately or concurrently a warning and a fine of no more than 30,000 yuan.

Article 24

If a practitioner refuses the investigation or inspection conducted by the Association, or the institution employing that practitioner
refuses to cooperate in the investigation, the Association shall order the offender to correct; if it refuses to do so, it will be
given disciplinary sanctions; if the circumstances are serious, CSRC will punish the practitioner by suspending him from practice
for 3 to 12 months or revoking his practice certificate; and impose on the institution separately or concurrently a warning and a
fine of no more than 30,000 yuan.

Article 25

For a person whose practice certificate has been revoked by CSRC pursuant to law or nullified by the Association for violation of
these Measures, the Association may reject his application for practice certificate in 3 years.

Article 26

If any staff of the Association fails to perform his duties pursuant to these Measures, seeks private benefits through wrongful means,
neglects his duties or willfully creates difficulties for the relevant parties, the Association shall give him disciplinary sanctions.Chapter
5 Supplementary Rules.

Article 27

Those that hold securities brokerage qualification certificates, qualification certificates for issuing securities as agent, securities
investment consulting qualification certificates and fund practice qualification certificates may directly apply for the practice
certificates.

Those holding two or more aforesaid certificates may obtain professional level certification according to the provisions of the Association.

Article 28

Administration of the qualification for senior managerial personnel of the institutions shall be separately provided for by CSRC.

Article 29

These Measures shall enter into force on February 1, 2003. The Interim Administration Provisions on Qualification for Securities Practitioner
shall be repealed at the same time.

The China Securities Regulatory Commission Commission
2002-12-16

CATALOGUE OF ENCOURAGED HI-TECH PRODUCTS FOR FOREIGN INVESTMENT

The Ministry of Science and Technology, the Ministry of Commerce

Document of the Ministry of Science and Technology and the Ministry of Commerce

GuoKeFaJiZi [2003] No. 179

Departments (commissions, bureaus) of Science and Technology and departments (commissions, bureaus) of Foreign Trade and Economic
Cooperation of all provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately
listed on the State plan, Science and Technology Commission of Xinjiang Construction and Production Corps, departments of Science
and Technology and departments of International Affairs and Cooperation of ministries and departments concerned and institutions
directly under the State Council:

In order to direct provinces, municipalities, autonomous regions and departments concerned to conduct their work to encourage foreign
investment in high-tech industry, to accelerate the pace in introducing advanced technologies from abroad, to strengthen abilities
of internal assimilation and independent innovation, further improve the quality and level of foreign investment, the Ministry of
Science and Technology and the Ministry of Commerce hereby worked cooperatively to formulate the Catalogue of Encouraged Hi-tech
Products for Foreign Investment (hereinafter referred to as Catalogue ). Based on Catalogue of Chinese High-tech Products, taking
into careful consideration high-tech products that should be developed imperatively in terms of technology or that have a big gap
between China and abroad as well as requirements of national security and environmental protection, etc., going through the assessment
of specialists in related fields, the Catalogue was formulated, which comprises 917 items in 11 types. Now the Catalogue is printed
and distributed to you, it is hoped that governments of different levels and various departments concerned, under the guidance of
the Catalogue, actively conduct work in encouraging foreign investment and create favorable conditions for the quickening development
of high-tech industry. Please implement in accordance with the document.

Attachment: Catalogue of Encouraged Hi-tech Products for Foreign Investment (2003)

The Ministry of Science and Technology and the Ministry of Commerce

June 2,2003

Catalogue of Encouraged Hi-tech Products for Foreign Investment (2003)

Compilation Comments

In order to further attract and encourage foreign investment in high-tech industry, to introduce advanced applicable technologies
from abroad and to strengthen abilities of internal assimilation and independent innovation, based on the former Catalogue of Chinese
High-tech Products, Ministry of Science and Technology and Ministry of Commerce worked cooperatively to formulate the Catalogue of
Encouraged Hi-tech Products for Foreign Investment (hereinafter referred to as Catalogue). The Ministry of Science and Technology
and the Ministry of Commerce invited specialists in various technological fields to assess and designate the high-tech products in
the Catalogue. 721 items in the Catalogue of Chinese High-tech Products are selected and 196 items that have a big gap between China
and abroad and that should be developed imperatively in terms of technology and equipment. The high-tech products listed in the Catalogue
are classified into eleven types in accordance with technological domain. They are electronics and information, software, aeronautics
and astronautics, opto-mechatronics, biomedicine and medical equipment, new material, new energy and efficient energy saving, environmental
protection, geospace and ocean, nuclear applied technology and modern agriculture.

Electronics and Information Computer and Computer Peripheral Equipments

Supercomputer (ten billion times and above)

Top-grade server (which comprises subsystems, such as supervisory control of network, disk, security, etc)

Large-scale simulation and emulation system

Large-scale industrial controlling machine and controlling unit

Computer digital signal processing board

High-speed, high-capacity memory system equipment

Wide-roll, high-resolution color printing equipment

Wide-roll, high-definition color Xerox equipment

Digital input liquid crystal display for flat PC

DVD reading and recording laser head

Printing head of high-resolution color printer (1200dpi and above)

Computer hard disk and its pivotal parts (120G and above)

Distance, non-tangible IC card and related implements

Hand-held GPS receiver

Graphics and image identifying and processing system

Wireless network interface adapter

Mobile PDA for wireless network

Hand-held inspection equipment for wireless network terminal

Data collection station for wireless network terminal

Microelectronics and Photoelectron device

LSIC with line thickness.18 micrometer

Power electronic device

CCD devices

MCT infrared detector

CMOS image sensor

LED epitaxial wafer

High-brightness light-emitting diode (LED)

Blue and white luminotron

Fourth generation of (92020mm) and above polysilicon TFT-LCD and its support pieces

PDD flat display and its pivotal pieces

New-type LCOS display

Chip semiconductor device

Chip multi-layer compound device

Chip quartz crystal resonator

Chip ceramic and quartz crystal filter

Communication Equipment and Products

High-end router

IP data communication equipment

Thousand Mb/s and above network exchanger

Communication equipment for broadband fiber access network

Communication equipment for fixed wireless access network

Digital trunked Communication equipment

10Gb/s and above SDH fiber communication equipment

Fiber wavelength-division multiplexer

OXC equipment

Fiber preformrod

3G mobile Communication Base Station

3G mobile communication exchange equipment

3G mobile phone

CDMA mobile Communication Base Station

CDMA mobile communication exchange equipment

CDMA mobile phone

622Mb/s and above SDH digital microwave transmission equipment

Microcomb wireless communication equipment

Satellite communication and transmission equipment

Velocity0Gb/s laser for light communication

Light communication metering and check-out equipment

GSM, CDMA and IMT-2000 mobile communication check-out equipment

Broadcast and Television Technology and Products

Broadcast grade SDTV and HDTV digital CCD phonograph

Broadcast grade digital video recorder

Broadcast grade digital television monitor

Digital video switch

Digital audio sound console

Multi-track digital audio decoder

MPEG code stream recording equipment

MPEG code stream editing equipment

Digital television program storing system equipment

Digital television broadcast MUX

TV Standards Converter

Digital television source (high definition television) encoder and decoder

Digital television converter

Equipment of data transaction broadcasting system for digital television

Digital television broadcasting transmitter

Digital sound broadcasting transmitter

Digital television broadcasting SFN equipment

CATV QAM modulator

CATV optical transmitter and receiver

Satellite digital television broadcasting uplink station equipment

SMATV head-end equipment

MVDS (multi-point video distribution system) equipment

Plasma (PDP) flat digital television receiver

High definition television big screen liquid crystal projection television

DLP (digital light processing) big screen projection television

Digital television bit error ratio supervising equipment

Digital television test Signal Generator

Production equipment and test instrument for specialized techniques

Automatic precise chip mounter

Automatic-manual printed circuit precise printer

Hot wind loading welder

Multistep repetitive ray recorder

Plasma sediment and erosion equipment

Ion injector

Epitaxial growth equipment of compound semiconductor

High-speed online checkout equipment

Large-scale digital integrated circuit function test set

Specialized integrated system SOC scale test technology equipment

Multi-chip assembling module test technology equipment

Digital oscillometer (1000MHz and above)

Spectrometer

Logic analyzer

Software System Software

Operating system software

Network and communication protocol processing software

High level language compiler

Device driver

Embedded operating system

Embedded browser

embedded graphical user interface

Support Software

Internet/Intranet network administration software

Software development and testing platform

Computer-aided tool software

Middleware (non-confidential involved)

Database management system

Application Software

E-commerce software

Multimedia design software

Simulation and emulation software

ERP application software

Intelligent software

Information and network security software (non-confidential involved)

three-dimension computer-aided design software

Integrated circuit design computer-aided application software

Online storage and offline backup software

Aeronautics and Astronautics Aircraft and Support Products

Commercial transporter (including aerobus and airfreighter)

Training plane

general-purpose airplane

Parts and components for commercial planes

Commercial helicopter

Parts and components for helicopters

Wing in ground effect craft

Commercial aircraft turbine fan engine

Commercial aircraft gas turbine engine

Turbine propeller engine

Turbine shaft engine

Fan engine

New-type piston engine

Aeronautic auxiliary propulsion system

Parts and components for aeroengine

Airborne equipment for commercial plane

Ground Service Equipment

Facilities for civil airports

Protective equipment for civil airports

Ground test equipment

Ground equipment for aviation experiment

Aeronautic test and measurement equipment

Specialized equipment for aeronautic manufacture

Specialized equipment for trial manufacture of aeronautic material

Aviation simulation and training equipment

Comprehensive test devices for airborne equipment

Commercial Carrier Rocket

Structural components for the body of carrier rocket

Ground test equipment for carrier rocket

Mechanic and environmental test equipment for carrier rocket

transport equipment for carrier rocket

Equipment for space museum

Commercial spacecraft and ground facilities

Electronic equipment for spacecraft

Optical mechanical and Electronic products for spacecraft

Structural and institutional product for spacecraft

Temperature control product for spacecraft

Test equipment for satellite-related product

Ground reception and application equipment

Opto-mechatronics Automated Machinery and Equipment

Convertible five-sided processing center

Longmen processing center

Numerical controlled superfine lathe

Numerical controlled milling center

Numerical controlled precise spalling center

Highly efficient, high precision numerical controlled flat sharpener (precision accuracy<0.5

Numerical controlled high precision sharpener for internal and external circles (precision accuracy<0.5

Numerical controlled cutter sharpener (principal coordinate interlocked)

Numerical controlled low-speed cross-threading, electric-spark line cutting machine

Numerical controlled tooth wimbling, milling machine

Numerical controlled precise hobber

Numerical controlled tooth-milling machine with worm and abrasive wheel and numerical controlled shaping machine with abrasive wheel

FTL flexible cone production line

Numerical controlled mechanical press

Punching-shear compound processing machine

Plate multi-point shaping machine press without modules

Industrial robot and intelligent robot

Laser cutting and welding suite

Precise laser processing and erosion suite

Vacuo ion-ailming equipment

High-speed super-hard precise cutter system

Numerical controlled servo system

Tricoordinate gauging machine

Intelligent cooling device for processing equipment

High-speed, multi-spindle processing center (main spindle speed>12000r/min, rapid speed>50m/min)

Numerical controlled precise tooth-milling machine with coiling umbrella and tooth gear

Numerical controlled multi-rod precise leveling machine

Numerical controlled coordinate-measuring milling center

Bottomup numerical controlled lathe and spalling center

Straightline and flat dynamo and its driving system

Numerical controlled coordinate-measuring grinding machine

Automated three-dimensional stockhouse

Rare earth permanent-magnet dynamo

Direct current pressure-modulating chopping draught gear

Alternating current frequency-and-pressure-modulating draught gear

Quarto four-color rotary offset machine and self-control system

Sterilizing equipment and automatisation

Computer jacquard weaving artificial fur machine

Superfine desintegrator (submicro grade)

Large-scale sterilized baling press

Weaving pill and corner loom

Superfine filter equipment (submicro grade)

Ceramic filter machine (submicro grade)

High-precision strip mill (10)

Key Basic Parts of Electromechanics

hydraumatic plunger pump and motor with high voltage>40MPa

High-voltage monoblock-type multiport valve

Low-power pneumatic valve, control valve for island use

High-frequency electric controlled air valve

Intelligent air cylinder

High-performance rubber obturator

High-temperature, high-voltage mechanical sealing

Non-tangible gas film sealing

Bearing for high speed passenger train car(1000 km/h and above)

Low noise bearing (vibration value 55

Covering piece die assembly for automobile

Intelligent plastic-shell circuit breaker (Voltage 380V, 660V, current 1000A)

Intelligent chest or drawer circuit breaker for large-scale project

Anti-skid brake system (ABS)

Electron controlled automatic transmission case

Electric steering gear with booster

On-vehicle diagnostic equipment

Electric device for gasoline engine

Electric device for diesel motor

Transfer device for automobile alternative fuel

Advanced electronic sensor for automobile

Turbocharger for engine

Exhaust gas recirculation equipment for engine

Efficient automobile tail gas purge switch (reach Europe III Standard)

Fueling battery for automobile

High-pressure oil supply system for diesel motor (600Bar)

Vehicle dynamic control system(VDC)

Active suspension system

Automobile collision avoidance system

Automobile electric antijoyride device

Intelligent control system for the internal environment of automobile

Multi-energy management system for automobile motive power

Air suspension system

Electronic Braking Device (EBD)

Instrumentation and System

On site bus control system

Dynamo and control system for electric automobile

Electricity dispatch and management automatic system

Automatic system for transportation and management

GPS position fix, inspection, alarming dispatch system

Comprehensive management system for security check-out in the coalmine

Automatic inspection and control system for hydraulic power plant

Non-work automatic compensation device

Automatic device for power generating facilities with new energy

Automatic cruise control system (automobile auxiliary driving system)

Electronic charging management system (non-stop electronic payment system)

Two pass flowmeter

Solid flowmeter

On-site bus intelligent instrument

Liquid phase chromatograph

Mass spectrograph

X-ray diffractometer

X-ray fluorescence spectrograph

Industrial chromatograph

Industrial mass spectrograph

Near infrared spectrograph

100

Optical Emission Spectrometer

101

Laser scanning microscope

102

Scanning tunneling microscope

103

Transmission microscope

104

Scanning electron microscope

105

Laser comparator

106

Optical maser (power>2KW)

107

Total station meter

108

High-definition numeric voltmeter (with measuring range of seven bit and a half and above)

109

High-definition numeric ampere meter (with measuring range of seven bit and a half and above)

110

Industrial X-ray defectoscope (800KV and above)

111

Performance test device specialized for automobile components

112

Automatic film plating machine with electron gun

113

Overspeed ultra centrifuge (100000r/min and above)

114

VXI bus automatic test system (in accordance with IEEE1155 international standards)

115

humidity, air and ion sensitive sensor

116

Fiber sensor

117

photoelectric sensor

118

Single lens reflex with high performance

119

Digital camera(with definition of 2 million pels and above)

120

Digital multifunctional duplicating machine

121

Automatic zooming camera

122

Digital multimedia projector

123

Nuclear magnetic resonance spectrometer

Biomedicine and Medical Equipment

Biomedicine

TNF receptor medicine

Growthfactor of neurocyte

Anti-body tumor antigen monoclonal antibody

Anti-body virus antigen monoclonal antibody

Recombinant Streptokinase

Monoclonal antibody-oriented medicine

P53 anti-cancer agent for recombinant adenovirus

Hepatitis detection kit

Pathogen diagnosis kit

Tumor diagnosis kit

Human immunodeficiency virus(HIV) diagnosis kit(including detection kit of standard enzyme and standard golden as well as gene chip,
etc.)

Extract of traditional Chinese medicine

Chemical medicine

Moracizine Hydrochloride

Ozagrel

Esmolol hydrochloride

Celiprolol Hydrochloride Tablets

Levamlodipine Besylate Tablet

Provastatin

Simvastatin

Lisinopril Capsules

Ticlopidine

Doxazosin

losartan

Macrogol 4000

Tegaserod

Docusate

Mifeprex

Norethisterone Enanthate

Piperaquine Phosphate

Sirolimus

Etimicin Sulfate

Cefaclor

Maxipime

Cefpirome

Meropenem

Linezolid/Zyvox

Flutamide

Memantine

Lamivudine

Production of paclitaxel by biotechnology

Exemestane

Gallium Nitrate

Capecitabine

Melphalan

Voriconazole

Phencynonate Hydrochloride

Machloramine

Paroxetine Hydrochloride

Pramipexole hydrochloride

Fluticasone

Salmeterol

Ibudilast

Articaine

Gabexate Mesilate

Poloxomer

polymethacrylamine I, II

Polyacrylic Acid

Carbomer

Compound sodium phosphate tablets

Zidovudine, Stavudine

Food Biotechnology and Products

Alkaline cellulase

Xylanase

Alkali tolerant protease

New type of L-amino acid

New type of D-amino acid

Glutathion

Chiral compound resolution or isomerase

L-amino acid

D-amino acid

Fungus amylose

High purity Metallo thionein (MT)

Fermentation glycerol

New-type medical equipment

Entrapping treatment equipment with boron neutron

Proton treatment equipment

Ultrasonic transducer for medical use

Digital diasonograph

Notebook digital color diasonograph

Cardiac pacemaker (including intracorporal one)

Electric craniotome

Cardiac telemetric monitor

Endoscope for medical use

Eyeground camera

Digital X-ray unit

X-ray tube (including tungsten target, molybdenum target and X-CT ray tube)

Specialized X-ray unit

X-ray image intensifier

Positive electron tomography (PET) device

single photon emitter tomography (SPECT) device

X-ray three-dimensional directional radiation treatment system (X-ray)

ray three-dimensional directional radiation treatment system (ray)

Sensor for medical use

Standard enzyme immunity analyzer

Blood analyzer

Biochemical analyzer

Mechanical heart valve and invitro test device

Blood dialyzer (mechanical kidney)

Aqueduct for medical use

Blood vessel embolus agent and plunger material

Hemanalysis blood transfusion device

100

Device for reimportation of blood from his own body

New Material

Metal Material

High damping material

Full-length quenching heavy rail (rail of 60, 75 kg)

Anti-crush oil pipe for superdeep well

Pipeline steel of X70 and above

Purified, high carbon chromium bearing steel and carburization bearing steel

High-quality deep-drawing steel plate for automobile

Expansion joint of metal bellows

Metal hose of high-flexibility stainless steel

Iron based or ironnickel based amorphous, minicrystal alloy

Cobalt based or cobaltnickel based amorphous, minicrystal alloy

Hitemperature alloy powder

High-performance prestress steel wire

High-intensity and low-relaxation prestress steel strand

New type structural stainless strand

Erosion resistant modification material for the surface of turbine blade

High-performance agglomeration rare earth material with permanent magnetism

High-performance welding rare earth material with permanent magnetism

Highly-insulated rare earth material with permanent magnetism

High-performance ferrite material

Rare earth permanent magnet processed by anti-shielding technology

welding wire and thread of drug core

Hydrogen-stored rare earth material for dynamic battery

Lithium ion electrode material

Niobium powder and thread for capacitor

Polysilicon

Silicon monocrystal and polished chip with diameter of 150mm and 200mm

Zone-melting silicon monocrystal

Compound semiconductor material (gallium arsenide, gallium phosphide, gallium nitride)

Polysilicon, amorphous silicon for solar battery and battery components

Hitemperature superconducting material

Memory alloy material (titaniumnickel, copper-based and ferrum ?Cbased memory alloy material)

Superfine (nanometer) calcium carbide and superfine (nanometer) crystal hard alloy (including high-precision hard alloy and high-precision
hard cutter)

Superhard composite material

precious metal composite material

New material of rare earth and application ware

Compound aluminum foil for radiator

Medium and high voltage aluminum foil of cathode capacitance

Large-scale aluminum alloy bar section of special type

Prestretching thick plate of aluminum alloy and enveloped plate of aluminum alloy

Precise die forging of aluminum alloy

High-intensify aluminum alloy material

PS aluminum alloy plate

Aluminum plate for beverage can

Electrified rail overhead wire

Superthin copper strip

Erosion and heat resistant copper alloy tube for exchanger

High-performance coppernickel and copper ferroalloy strip

Berrillium copper strip, wire, tube bars

Rare earth luminescent material (plasma panel display fluoresent material, white LED rare earth fluoresent material)

High temperature and senescence resistant tungsten filament

Magnesium alloy cast

Solder without plumbum

Processed material of magnesium alloy plate, tube and bar

Magnesium alloy and magnesium alloy weld assembly processed by surface modification technology

Foamed aluminum

Titanium alloy bar and titanium welding tube

Big-mangneto stretching material of rare earth ferroalloy and application products

Inorganic Nonmetal material

Superfine powder of silicium carbide(SIC) (purity>99%, average power diameter: 0.5~5)

Superfine power of silicon nitride(SI3N4) (purity>99%, average power diameter: 0.5~5)

Superfine r-AL2O3 miropowder(average power diameter<0.5)

Zirconium oxide ceramic powder

Highly-purified aluminium nitride powder(Aln) (powder diameter: 0.5-2)

Antiseptic scavenger

Titanium dioxide (powder diameter 50~100nm, purity8.5% )

Silica pigment (powder diameter 10~100nm)

Barium titanate (purity 99% , powder diameter<1)

High concentration hydrogen peroxide(content 95~98%)

Specialized sodium phosphate

Ceramic wafer

Inorganic splitting membrane and functional diaphragm

Piezoelectric ceramic parts

High-performance ceramic cutter material

Multifunctional light composite board

Fiber gypsum board

High-quality synthetic quartz crystal

High-performance synthetic mica and products

Thermotropic thermal resistor (PTC)

Silicon carbide ceramic

Silicon nitride ceramic

Ceramic with microwave as medium

BN-TiB2 current conducting compound ceramic

ZrO2 ceramic

Hitemperature resistant workable ceramic

Diamond membrane tool

Diamond drawing die

Artificial diamond of saw blade level

Cubic boron nitride crystal

Ceramic material and product of comb extrusion

Porous ceramics and product

High-efficiency compound thermal insulation material for external wall

Lightweight aggregate concrete building block (not load bearing type)

Multidimensional, multi-directional integrated weaving fabric and modeling fabric

High-intensity fiberglass and high-elasticity modulus fiberglass

Quartz fiberglass and product

Aluminum coated fiberglass

Grey yarn felt of consecutive fiberglass and superficial felt of fiberglass

Direct twistless slubbing of high-density fiberglass

Fiberglass cloth and thin felt for microelectronics

Electromagnet wave screening glass

100

High-intensity anti-bulletin glass

101

Microcrystal glass baseplate for disk

102

Glass baseplate for microelectronics

103

Infrared penetrating glass

104

Fused sealing glass for electron device

105

Quartz glass for laser

106

Large-scale quartz glass diffusion tube, crucible and bell of electronic level

107

High-performance optical quartz glass

108

Optical fiber plate, image inverter and fiber light cone

109

micro-channel plate of super second generation and third generation

110

Image inverting beam

111

Laser medical fiber and laser transmitting quartz fiber

112

Fiber preformrod, fiber and fiber cable

Organic Macromolecule Material and Products

113

High anti-weathering decorative anticorrosion paint

114

Metal lighting vanish and coating varnish of CA series

115

WBC aqueous metal lighting vanish for automobile

116

cathode electrophoretic vanish with thick film of HED series

117

Paint for ship

118

Paint for aircraft

119

Rare earth cerium sulphide red dye

120

Flexible resinous plate

121

Laser image output film

122

Color ink jet printing material

123

Photoresist

124

Electronic enveloping resin

125

Ray-recording pulp for plasma color display

126

High-performance printing ink(Fineness0, acidproof, alkaliproof)

127

Superpure gas with electronic grade

128

Carbinol synthetic catalyst under low pressure

129

Conversion catalyst low water carbonizing methane

130

Catalyst of low water carbonizing CO under high temperature

131

Catalyst for catalysis and crack of heavy oil

132

FCC catalyst and accessory ingredient against the contamination of heavy metal

133

Special molecular sieve

134

Three-effect catalyst for purification of automobile tail gas

135

Special type catalyst for dearsenication of oil product

136

Aramid fiber

137

Carbon fibre

138

High-performance superfine fiber

139

High-die, low-shrinking industrial terylene filament

140

Elastic fiber

141

Electrolytic capacitor paper

142

High-performance base paper for copper-coated foil board

143

High-precision fuel filter

144

Color spray painting paper

145

Temperature-resistant sheathing paper

146

Hidronickel and Lithium batt

INTERIM PROVISIONS ON THE ADMINISTRATION OF CHINESE-FOREIGN JOINT VENTURE AND CHINESE-FOREIGN COOPERATIVE JOB INTERMEDIARY INSTITUTIONS

The Ministry of Labor and Social Security, the State Administration for Industry and Commerce

Decree of the Ministry of Labor and Social Security and the State Administration for Industry and Commerce

No.14

The Interim Provisions on the Administration of the Establishment of Chinese-foreign Joint Venture and Chinese-foreign Cooperative
Job Intermediary Institutions have been adopted at the 7th executive meeting of the Ministry of Labor and Social Security (MLSS)
on May 8, 2001 and, upon the consent of the Ministry of Foreign Trade and Economic Relations (MOFTEC), are hereby promulgated for
implementation as of December 1, 2001.

Minister of the Ministry of Labor and Social Security: Zhang Zuoji

Director of the State Administration for Industry and Commerce (SAIC): Wang Zhongfu

October 9, 2001

Interim Provisions on the Administration of Chinese-foreign Joint Venture and Chinese-foreign Cooperative Job Intermediary Institutions

Article 1

These Provisions have been formulated in accordance with the Labor Law, the Law on Chinese-foreign Equity Joint Enterprises and the
Law on Chinese-foreign Cooperative Enterprises for the purpose of standardizing the establishment of Chinese-foreign joint venture
and Chinese-foreign cooperative job intermediary institutions and protecting the lawful rights and interests of the job seekers and
the employing entities.

Article 2

These Provisions shall be observed in the establishment of Chinese-foreign joint venture and Chinese-foreign cooperative institutions
for the purpose of job intermediary activities.

Article 3

The administrative departments of labor and social security, the administrative departments of foreign trade and economic cooperation
and the administrations for industry and commerce shall, within their respective functions and duties, be responsible for the approval,
registration, administration, supervision and inspection of Chinese-foreign joint venture and Chinese-foreign cooperative job intermediary
institutions.

In order to set up a Chinese-foreign joint venture and Chinese-foreign cooperative job intermediary institution, the approval of the
administrative department of labor and social security of the people’s government on the provincial level (hereinafter referred to
as labor and social security department) and the administrative department of foreign trade and economic cooperation shall be obtained
and registration shall be gone through at the local administration for industry and commerce of the place where the enterprises is
to be situated that is authorized by the SAIC. No solely foreign-capital job intermediary institution may be established.

The representative offices of foreign enterprises in China and the foreign chambers of commerce established in China may not engage
in any job intermediary activities.

Article 4

The Chinese-foreign joint venture and Chinese-foreign cooperative job intermediary institutions shall carry out their business activities
on the basis of law, and their lawful business activities shall be subject to the protection of Chinese law.

Article 5

A Chinese-foreign joint venture or Chinese-foreign cooperative job intermediary institution may be engaged in any and all of the following
businesses:

providing intermediary services to the job seekers and employing entities both at home and abroad;

providing services in employment guidance and consultation;

collecting and distributing information about the labor markets;

holding job fairs after obtaining the consent of the department of labor and social security on the provincial level or the department
of labor and social security on the prefecture level authorized thereby;

engaging in other services as ratified by the department of labor and social security on the provincial level or the department of
labor and social security on the prefecture level authorized thereby;

Relevant provisions of the state shall be applicable to the intermediary services provided by the Chinese-foreign joint venture and
Chinese-foreign job intermediary institutions to the Chinese citizens in helping them to seek employment overseas and to the representative
offices of foreign enterprises within China in their seeking of Chinese employees.

Article 6

The following conditions shall be satisfied in the application for establishing a Chinese-foreign joint venture or Chinese-foreign
cooperative job intermediary institution, and formalities shall be completed in accordance with the procedures as provided in articles
7 and 10 of these Provisions:

The foreign investor that applies for establishing a Chinese-foreign joint venture or Chinese-foreign cooperative job intermediary
institution shall be a legal person that is engaged in the job intermediary business and shall have experience in job intermediary
services in the country where it is registered and shall have good credit standing;

The Chinese investor that applies for establishing a Chinese-foreign joint venture or Chinese-foreign cooperative job intermediary
institution shall be a legal person that is eligible for engagement in the job intermediary business and shall have good credit standing;

The Chinese-foreign joint venture or Chinese-foreign cooperative institution to be established shall have a registered capital of
not less than 300,000 USD, 3 or more full-time employees that have the credentials for engaging in the job intermediary services,
a definite scope of business, articles of incorporation, rules for management, and fixed offices and facilities necessary for carrying
out business. The key business operators shall have experience in providing job intermediary services.

Article 7

To establish a Chinese-foreign joint venture or Chinese-foreign cooperative job intermediary institution, an application shall be
filed to the department of foreign trade and economic cooperation on the provincial level of the place where the institution is to
be established, and relevant documents of the Chinese-foreign joint venture or Chinese-foreign cooperative institution to be established
shall be submitted at the same time.

After having received the application, the department of foreign trade and economic cooperation on the provincial level shall transfer
the documents as mentioned below to the department of labor and social security on the same level:

registration certificates of both the Chinese and foreign parties (in photocopy);

career certificates (in photocopy) and resumes of the major business operators;

resumes and employment credentials of the future full-time employees;

certificates for the use of domicile;

certificates of business scope to be engaged in;

other documents as provided in laws or regulations.

Article 8

The department of labor and social security on the provincial level shall, after receiving the documents that have been transferred
thereto as pursuant to Article 7 of these Provisions, give a reply within 15 days. If the applicant has satisfied the conditions,
a certification document shall be issued for approving the establishment of the Chinese-foreign joint venture or Chinese-foreign
cooperative job intermediary institution; where the applicant has not satisfied the conditions, reasons shall be given and the documents
as mentioned above shall be returned to the department of foreign trade and economic cooperation on the provincial level.

Article 9

The department of foreign trade and economic cooperation shall, within 30 days after receiving the certification document of the department
of labor and social security on the same level approving the establishment of the Chinese-foreign joint venture or Chinese-foreign
cooperative institution, decide whether to approve or disapprove. If approval is to be granted, an approval certificate shall be
issued to the Chinese-foreign joint venture or Chinese-foreign cooperative institution; if approval is not to be granted, it shall
notify the applicant.

Article 10

Any applicant that have obtained approval shall, within 30 days after receiving the certificate of approving the Chinese-foreign joint
venture or Chinese-foreign cooperative enterprise, apply for registration at the local administration for industry and commerce of
the place where the enterprise is to be situated that has been authorized by the SAIC, and shall, within 10 days after completing
the registration, go through the procedures of filing archives at the department of labor and social security on the provincial level
or the department of labor and social security on the prefecture level authorized thereby.

Article 11

If there is any change in the investors, proportion of shares of the Chinese-foreign joint venture or Chinese-foreign cooperative
job intermediary institution or any branch is to be established, the approving procedures as provided in these Provisions shall be
followed so as to obtain the approval of the original approving authority, relevant alteration procedures shall be completed at the
administration for industry and commerce, and the procedures for filing archives shall be completed at the department of labor and
social security.

Article 12

The Provisions for the Administration of Labor Markets and other relevant provisions for the administration of enterprises with foreign
investment shall be applicable to the administration of Chinese-foreign joint venture and Chinese-foreign cooperative job intermediary
institutions.

Article 13

These Provisions shall be applicable by reference to the Chinese-foreign joint venture or Chinese-foreign cooperative job intermediary
institutions established by investors from the Hang Kong Special Administrative Region, Macao Special Administrative Region or investors
from Taiwan within the Mainland of China.

Article 14

These Provisions shall enter into force as of December 1, 2001.

The Ministry of Labor and Social Security, the State Administration for Industry and Commerce
2001-10-09

CIRCULAR OF THE STATE ADMINISTRATION OF FOREIGN EXCHANGE (SAFE) ON DISTRIBUTING INSTRUCTION ON MAKING USE OF INFORMATION TECHNOLOGY TO IMPROVE BOP STATISTICS AND STANDARD OF INTERFACE BETWEEN MONITORING SYSTEM FOR BOP STATISTICS AND OPERATION SYSTEMS OF FINANCIAL INSTITUTIONS

The State Administration of Foreign Exchange

Circular of the State Administration of Foreign Exchange (SAFE) on Distributing Instruction on Making Use of Information Technology
to Improve BOP Statistics and Standard of Interface Between Monitoring System for BOP Statistics and Operation Systems of Financial
Institutions

HuiFa [2002] No.17

February 9, 2002

SAFE branches and exchange administration offices in all provinces, autonomous regions and municipalities directly under the Central
Government, SAFE branches in Shenzhen, Dalian, Qingdao, Xiamen and Ningbo, and the headquarters of all designated Chinese-funded
foreign exchange banks:

Making full use of information technology is the only way to transform our current statistical technology and means, and achieve higher
efficiency and better data so as to adapt our work to the changing economic conditions both at home and abroad after China’s entry
into the WTO, bring BOP statistical means in line with international standard, and meet the need of macro-economic policy-making.
Therefore, the SAFE has formulated the Instruction on Making Use of Information Technology to Improve BOP Statistics (see Attachment
1). The Instruction is now distributed to you together with the Standard of Interface between Monitoring System for BOP Statistics
and Operation Systems of Financial Institutions (see Attachment 2). Please put them into practice in line with local characteristics
and realities; and transmit them in time to foreign-funded banks under your jurisdiction.

Attachment:

1. Instruction on Making Use of Information Technology to Improve BOP Statistics

2. Standard of Interface between Monitoring System for BOP Statistics and Operation Systems of Financial Institutions (Omitted)

Attachment 1:Instruction on Making Use of Information Technology to Improve BOP Statistics

Necessity and feasibility of improving BOP statistics by making use of information technology.

Since the Measures on BOP Statistical Reporting was put into practice on January 1,1996, the SAFE and its branches (hereinafter referred
to as SAFE offices), banks, BOP reporters and other relevant parties have been working hard to improve the quality of BOP statistical
data. Deadline of BOP reporting of external receipts was shortened on September 1,2001, a big stride forward in the timeliness of
data submission. However, there still exist some difficulties and problems in BOP statistics. Our statistical measures have to be
improved to keep abreast of new economic development both at home and abroad. Making full use of information technology is the only
way to transform our current statistical technology and means, and achieve higher efficiency and better data so as to be in line
with international practice and meet the need of macro-economic conditions.

Firstly, to enhance the quality and efficiency of BOP statistics by making use of information technology is a requisite to bring our
BOP statistics in line with international standards and practices after China’s entry into the World Trade Organization (WTO). After
entering the WTO, China will be further integrated into the world economic community. Timely, accurate and comprehensive statistics
plays an important role in bringing our economy further on the track of international practice and ensuring its sound and stable
development. Secondly, making use of information technology is essential to enhance statistical quality, cut statistical costs, lighten
the burden on BOP reporters and ensure data quality. Thirdly, digitalization has laid a foundation for improving statistical means
through information technology. Popularization of computer networks, computerization of domestic banks’ business and reporters’ knowledge
on information technology have laid a sound foundation for making use of information technology to improve BOP statistics. Finally,
the current situation of domestic banking makes it possible to make use of information technology to improve BOP statistics. Some
banks have made trials in this respect and proved it feasible.

Instruction on online BOP statistical reporting and data interface transfer

The goal of making use of information technology is to replace manual filling-and-processing transmission with picking up electronic
data from computers, and replace regularly and irregularly submitted data with almost real time data. Currently, collection of BOP
information by means of online reporting and data interface transfer is encouraged. Details are as follows:

(1)

Channel for information transmission between a bank and its clients: on-line reporting (report of external receipts)

Procedures

(a) The bank sends reporting advice and information to its clients (the reporters) directly from its operation system through the
Internet;

(b) After filling an electronic reporting form upon the information transmitted by the bank from the Internet and vouchers related
to the transaction, the reporter transmits the form to the bank through the Internet;

(c) After receiving the electronic reporting form, the operation system of the bank will check the reported information automatically.
Qualified information will be transmitted to the SAFE office concerned through data interface. Unqualified information will be sent
back to the reporters for timely revision or supplementation.

Quality requirements

(a) Timeliness

Online reporting system shall be able to guarantee the bank to inform the reporter and the SAFE office concerned on the same day when
receiving an external payment, guarantee the reporter to transmit accurate and comprehensive reporting information to the bank within
the prescribed time and thus make it possible for the bank to transmit the information to the SAFE office concerned on the same day
(or the next working day).

(b) Accuracy

The system shall have the function of logical judgment so as to check the reported data automatically in accordance with relevant
requirements of indirect BOP reporting. For example, the received amount shall be no less than the total amount of foreign exchange,
the sold foreign exchange and others in a transaction. The system shall be able to judge whether the transaction postscript has been
filled, or whether such elements required by the operational procedures on indirect BOP reporting as “basic information statement
of the institution”, “institutional code”, “transaction serial number” and “country” have been provided.

The operation system of the bank shall be able to generate relevant reporting information automatically, and have the function of
reminding and warning so as to urge the reporter and the bank to report in time. Such technological measures as automatic check up
may improve the comprehensiveness of BOP reporting.

(d) Safety

The backup function of the system shall be installed so as to protect the data from malfunction and disaster. The security function
shall be installed so as to keep clients information from being given away.

(e) Practicality

The system shall ensure the convenience of reporting. It shall provide the reporters with general knowledge of BOP reporting, search
of transaction serial numbers, scope and explanation of the numbers, and other help.

(f) Openness

The system shall be open and extensible. It shall have strong compatibility and extensibility.

(2)

Channel of information transmission between a bank and a SAFE office: data interface transfer

Data interface transfer refers to connection between the interface of the operation system of the bank and that of the monitoring
system of BOP statistics of the SAFE office.

External receipts reporting

a-i. Statement of external receipts:

The bank shall transmit the statement of external receipts to the SAFE office through the data interface transfer in good time on
receiving a payment.

a-ii. Reporting form of external receipts:

a-ii-i. A bank that has realized online reporting shall transmit the online reported information of its clients to the SAFE office
in time through the data interface transfer.

a-ii-ii. A bank that has not realized online reporting:

a-ii-ii-i. In case of external receipts under L/C and B/C, the bank shall be allowed to report on behalf of a reporter after signing
an agreement with the reporter (indicating the legal responsibilities of each party) and then transmit the reporting information
to the SAFE office in good time through the data interface transfer. When reporting on behalf of the reporter, the bank shall ascertain
the nature of transaction based on relevant vouchers and certificates related to L/C and B/C. Predetermination of transaction serial
number is not permitted.

a-ii-ii-ii. In case of external receipts under T/T:

For the receipts under T/T whose nature is relatively simple, reporting procedures for (a-ii-ii-i) “external receipts under L/C and
B/C” shall be followed: The bank shall be allowed to report on behalf of the reporter after signing an agreement with the reporter
(indicating the legal responsibilities of each party). For other kinds of receipts under T/T, the reporter shall report first, and
then the bank shall input the reported information into the monitoring system of BOP statistics and transmit the information to the
SAFE office concerned in good time.

External payment

b-i. Combination of business vouchers and reporting forms is encouraged. The SAFE has designed a unified format for the combination.
Any bank hoping to combine reporting form to its business vouchers may apply at a SAFE office for instruction and help. After the
transition to combination is completed, paper-made reporting form of external payment [verification form of import payment (acting
reporting form) excluded] shall be abolished. The bank does not have to record and transmit journal ledger of external payment. It
shall only transmit the information ready in its operation system in the format of reporting form to the SAFE office through data
interface transfer.

b-ii. A bank that has not combined reporting forms to business vouchers shall still fill in a journal ledger of external payment as
required, and transmit the journal ledger and information reported by its clients to the SAFE office through data interface transfer.

Principles and Requirements

(1)

Principles

All SAFE branches and banks shall actively research, develop, and apply data interface transfer and online reporting system in accordance
with their own capability and local economic development.

During the course of developing data interface transfer and online reporting system, banks and SAFE branches shall keep each other
fully informed. SAFE branches shall keep abreast of the progress of the development, and provide necessary guidance and help. Data
interface transfer and on-line reporting system developed by a bank shall be inspected by the local SAFE office and meet the requirement
of quality standard before putting into use.

Data transfer shall not disturb the operation of current systems, normal data transmission and statistical quality.

When upgrading and developing its operation system, the headquarters of each bank shall take account of BOP statistical reporting,
foreign exchange purchase and sale statistics, foreign exchange account supervision, and etc, make overall arrangement so as to lay
a foundation for the eventual achievement of data interface transfer between the operation system and monitoring system of BOP statistics.

(2)

Timetable

Starting from 2002, relevant entities shall work hard to carry this work forward so that data interface transfer between the SAFE
offices in provinces and cities directly under State planning and the banks directly under their jurisdiction (foreign-funded banks
included) can be realized on the whole in one or two years. Mean while, banks with massive foreign exchange business and SAFE branches
concerned are encouraged to develop online reporting system.

The State Administration of Foreign Exchange
2002-02-09

CIRCULAR OF THE MINISTRY OF FOREIGN TRADE AND ECONOMIC COOPERATION ON THE PROVISIONS ON THE ADMINISTRATION OF INTERNATIONAL CHECK UPON THE IMPORT AND EXPORT OF CHEMICAL PRODUCTS LIABLE TO PRODUCING NARCOTIC DRUGS

The Ministry of Foreign Trade and Economic Cooperation

Circular of the Ministry of Foreign Trade and Economic Cooperation on the Provisions on the Administration of International Check
Upon the Import and Export of Chemical Products Liable to Producing Narcotic Drugs

WaiJingMao [2002] No.147

March 29, 2002

Article 1

These Provisions are enacted in accordance with the Criminal Law of the People’s Republic of China and the Foreign Trade Law of the
People’s Republic of China as well as other legal provisions in order to strengthen the administration of import and export of chemical
products liable to producing narcotic drugs, regulate the international check on the import and export of chemical products liable
to producing narcotic drugs, and implement the obligations in the 1988 United Nations Covenant Against Illicit Traffic in Narcotic
Drugs and Psychotropic Substances(hereinafter referred to as the Covenant).

Article 2

The Ministry of Foreign Trade and Economic Cooperation (hereinafter referred to as the MOFTEC ) shall be responsible for administering
the import and export of chemical products liable to producing narcotic drugs, and the Ministry of Public Security shall be responsible
for the international check on the import and export of chemical products liable to producing narcotic drugs.

Article 3

The State applies the permit administration to the import and export of chemical products liable to producing narcotic drugs, and
applies the international check to part of the chemical products liable to producing narcotic drugs (hereinafter referred to as “chemical
products subject to check”, see the annexes for details) in the administration of import and export. The catalogue of the chemical
products subject to check shall be adjusted by the Ministry of Public Security in negotiation with the MOFTEC, and shall be jointly
promulgated by the Ministry of Public Security and the MOFTEC.

Article 4

An import and export enterprise that intends to import or export chemical products subject to check shall go through the following
application procedures:

(1)

an enterprise subject to the management of the Central Government that intends to import or export chemical products subject to check
shall apply to the MOFTEC;

(2)

a local import and export enterprise shall apply to the department in charge of foreign trade and economic cooperation at its locality,
and a subsidy of an enterprise subject to the management of the Central Government shall apply to the parent enterprise for examination,
and when the examination is passed, it shall be reported to the MOFTEC for review.

Article 5

An import and export enterprise shall submit the following documents in the application:

(1)

the “Application Form for Importing (Exporting) Chemical Products Liable to Producing Narcotic Drugs” covered with the seal of the
import and export enterprise (in duplicate), among which, one shall be turned over to the MOFTEC by the local department in charge
of foreign trade and economic cooperation or the enterprise subject to the management of the Central Government, and the other shall
be kept by the local department in charge of foreign trade and economic cooperation or the enterprise subject to the management of
the Central Government;

(2)

the qualification certificate of import and export enterprise (duplicate of the original);

(3)

the import (export) contract (duplicate of the original) if the chemical products liable to producing narcotic drugs are imported
(exported) under terms of ordinary trade;

(4)

the approval document for processing trade (duplicate of the original) and the processing trade contract (duplicate of the original)
concluded with the foreign party as well as the processing agreement (duplicate of the original) concluded with the domestic processing
and manufacturing enterprise if the chemical products liable to producing narcotic drugs are imported under terms of processing trade;

(5)

the import permit (duplicate of the original) or lawful certificate for use issued by the competent governmental department of the
final user’s country (region) if an enterprise exports chemical products subject to check; if the said products need to be re-exported
from a third country (region), the valid re-export certificate (duplicate of the original) issued by the competent governmental department
of a third country (region) shall be provided in addition;

(6)

if an enterprise imports chemical products subject to check, the guaranty letter (original) issued by the enterprise, its administrative
department at the upper level or its parent enterprise subject to the management of the Central Government, and the guaranty letter
(original) issued by the final user that imports chemical products subject to check.

Article 6

The MOFTEC shall, within 5 working days after the receipt of the application for import (export) that is primarily examined to be
qualified, review the application, and shall transfer the materials reviewed to be qualified to the Ministry of Public Security for
international check.

Article 7

The Ministry of Public Security shall, within 5 working days after the receipt of the materials submitted by the MOFTEC for check,
deliver the materials to be checked to the competent governmental department of the importing (exporting) country (region), and requesting
it to check the materials within 10 working days.

Article 8

For the products confirmed legal by the competent governmental department of the importing (exporting) country (region), the Ministry
of Public Security shall, within 5 working days as of the receipt of the reply on check, notify the MOFTEC in written form to handle
the formalities of reply to the application for import (export); if the competent governmental department of the importing (exporting)
country (region) fails to give a reply after the expiry, the Ministry of Public Security may notify the MOFTEC on whether to handle
the formalities of reply to the application for import (export) according to the specific commodities, destination country or country
of origin, etc..

For checking the chemical products enumerated in Attachment 1, the formalities of reply to the application for import (export) may
not be handled until confirmation by the competent governmental department of the importing country (region), proving that the products
are legal, is received.

Article 9

The MOFTEC shall, within 5 working days as of the receipt of the written approval from the Ministry of Public Security, handle the
formalities of reply to the application for import (export), and issue the “List of Official Reply to the Ministry of Foreign Trade
and Economic Cooperation on Import (Export) of Chemical Products Liable to Producing Narcotic Drugs” (hereinafter referred to as
the “List of Official Reply”), which shall be valid within 30 days as of the date when the official reply is given and shall be automatically
invalidated after the expiry. The import and export enterprise shall apply to the certificate issuing organ authorized by the MOFTEC
for the import (export) permit with the “List of Official Reply”.

Article 10

For an application which is ascertained by the competent governmental department of the importing (exporting) country (region) to
be questionable, the Ministry of Public Security shall notify the MOFTEC in written form. The MOFTEC shall, within 5 working days
as of the receipt of the notice, inform the applying enterprise or the local department in charge of foreign trade and economic cooperation
of the decision on not approving the application.

Article 11

Chemical products subject to check enumerated in Attachment 1 shall, in principle, not be exported to a non-contracting country of
the Covenant.

Article 12

Enterprises engaging in the import and export of chemical products subject to check shall submit applications truthfully, and shall
not forge or alter documents to make false applications.

Article 13

Enterprises engaging in the import and export of chemical products subject to check shall have the obligation to assist the public
security organ and the department in charge of foreign trade and economic cooperation in investigating and getting the information
and providing clues, instead of producing or providing false testimonies.

Article 14

Enterprises engaging in the import and export of chemical products subject to check shall strengthen its supervision, management and
trainings on the employees concerned.

Article 15

The Ministry of Public Security and the MOFTEC shall be responsible for supervising and inspecting the import and export of chemical
products subject to check, and shall, regularly or non-regularly, announce the information on the relevant enterprises concerning
their violation of laws or rules.

Article 16

Any import and export enterprise that violates Articles 12 and 13 of these Provisions shall, on the basis of the seriousness of the
case, be imposed upon the penalties of warning, suspension or revocation of operational qualification for import and export by the
MOFTEC in accordance with the law; whoever is suspected to have committed a crime shall be investigated by the judicial organ.

Article 17

The Ministry of Public Security and the MOFTEC shall be responsible for the interpretation.

Article 18

These Provisions shall come into force on June 1, 2002.

The Ministry of Foreign Trade and Economic Cooperation
2002-03-29

PROVISIONS ON THE ESTABLISHMENT OF REINSURANCE COMPANIES

China Insurance Regulatory Commission

Order of China Insurance Regulatory Commission

No.4

The Provisions on the Establishment of Reinsurance Companies are hereby promulgated, and shall enter into force on the date of promulgation.

Chairman of China Insurance Regulatory Commission Ma Yongwei

September 17, 2002

Provisions on the Establishment of Reinsurance Companies

Article 1

The present provisions are enacted in accordance with the Insurance Law of the People’s Republic of China and the Regulations of the
People’s Republic of China on the Administration of Foreign-Funded Insurance Companies with a view to promoting the development of
the reinsurance market and regulating the establishment of reinsurance companies.

Article 2

Reinsurance companies mentioned in the present provisions shall refer to the companies which are approved by China Insurance Regulatory
Commission (hereinafter referred to as “CIRC”) to be established and are registered in accordance with the law to specially operate
the reinsurance business.

Article 3

The establishment of reinsurance companies shall be approved by the CIRC. According to the scope of business, reinsurance companies
may be divided into life reinsurance companies, non-life reinsurance companies and comprehensive reinsurance companies.

Article 4

Upon the approval by the CIRC, a reinsurance company may operate all or part of the following business:

(1)

life reinsurance business

reinsurance business inside the territory of China;

retrocession business inside the territory of China;

international reinsurance business.

(2)

non-life reinsurance business

reinsurance business inside the territory of China;

retrocession business inside the territory of China;

international reinsurance business.

(3)

operating all or part of the business mentioned in Item (1) and Item (2) simultaneously.

Article 5

The paid-in currency capital of a life reinsurance company or a non-life reinsurance company shall be no less than 200 million Yuan
of Renminbi or a convertible currency of the equal value; the paid-in currency capital of a comprehensive reinsurance company shall
be no less than 300 million Yuan of Renminbi or a convertible currency of the equal value. The investment contributed by a foreign
insurance company shall be a convertible currency.

Article 6

A reinsurance company shall retain actuaries ratified by the CIRC.

Article 7

The Chinese shareholders of a reinsurance company shall meet the requirements provided for in the Interim Provisions of the CIRC on
Investing Shares in Insurance Companies, and shall abide by the relevant provisions of the CIRC in respect of the proportion for
holding shares and the modification of share rights.A foreign insurance company that contributes investments in a Chinese-foreign
joint venture or a foreign wholly-owned reinsurance company shall conform to the relevant promises of China for accession to the
World Trade Organization.

Article 8

Where any branch is established by a foreign reinsurance company inside the territory of China, the standard for the operating funds
of and the requirements for the establishment of the said branch shall be subject to the present provisions.

Article 9

Where a reinsurance company from Hong Kong Special Administrative Region, Macao Special Administrative Region or Taiwan Region intends
to establish a branch in the inland, that shall be conducted with reference to the present provisions.

Article 10

The present provisions shall enter into force on the date of promulgation.

China Insurance Regulatory Commission
2002-09-17

MEASURES ON EXPORT CONTROL OF CERTAIN CHEMICALS AND RELATED EQUIPMENT AND TECHNOLOGIES

The Ministry of Foreign Trade and Economic Cooperation, the State Economic and Trade Commission, the General Administration of Custom

Decree of the Ministry of Foreign Trade and Economic Cooperation, the State Economic and Trade Commission and the General Administration
of Custom

No.33

Measures on Export Control of Certain Chemicals and Related Equipment and Technologies adopted by the State Council in accordance
with Foreign Trade Law of the People’s Republic of China are hereby promulgated and shall be come into force as of the day of November
19, 2002.

Minister of the Ministry of Foreign Trade and Economic Cooperation, Shi Guangsheng

Minister of the State Economic and Trade Commission, Li Rongrong

Minister of the General Administration of Custom, Mu Xinsheng

October 18, 2002

Measures on Export Control of Certain Chemicals and Related Equipment and Technologies

Article 1

These Measures are formulated for the purpose of strengthening export control of certain chemicals and related equipment and technologies,
and safeguarding the State security and social and public interests.

Article 2

The export of certain chemicals and related equipment and technologies referred to in these Measures means the export for trade of
items and technologies listed in the “Certain Chemicals and Related Equipment and Technologies Export Control List” (hereinafter
referred to as the Control List) attached to these Measures, and the gift to, exhibition in, scientific and technological cooperation
with, assistance to, provision of service for as such and other forms of technological transfer thereof to foreign countries and
regions.

Article 3

The export of certain chemicals and related equipment and technologies shall be in accordance with relevant laws and administrative
regulations of the State and these Measures, and shall not imperil the State security and social and public interests.

Article 4

The State shall exercise strict control on the export of certain chemicals and related equipment and technologies, so as to prevent
the items and technologies listed in the Control List from being used for the purpose of chemical weapons.

Article 5

The State shall practice a licensing system for the export of items and technologies listed in the Control List. Without being licensed,
no unit or individual shall export such items or technologies.

Article 6

The receiving party of certain chemicals and related equipment and technologies shall guarantee not to use such chemicals and related
equipment and technologies supplied by China in the storing, processing, producing and treating of chemical weapons or in the production
of chemical weapons precursors. Without the consent of the Chinese Government, the receiving party shall not use the chemicals and
related equipment and technologies supplied by China for purposes other than the declared end-use, or transfer such chemicals and
related equipment and technologies to any third party other than the declared end-user.

Article 7

Exporters of certain chemicals and related equipment and technologies shall register themselves with the Ministry of Foreign Trade
and Economic Cooperation (hereinafter referred to as MOFTEC). Without such registration, no unit or individual shall export certain
chemicals and related equipment and technologies. The specific measures for such registration shall be formulated by MOFTEC.

Article 8

Anyone who intends to export items and technologies in the Control List shall apply to MOFTEC, fill in the export application form
for certain chemicals and related equipment and technologies (hereinafter referred to as the export application form), and submit
the following documents:

Certificate of registration for the exporter to export certain chemicals and related equipment and technologies;

Identifications of the applicant’s legal representative, chief manager(s) and the person(s) handling the deal;

Duplicates of the contract or agreement;

Technical specifications of the certain chemicals and related equipment and technologies;

Certificates of the end-user and end-use;

Documents of guarantee as defined in Article 6 of these Measures;

Other documents as may be required by MOFTEC.

Article 9

An applicant shall truthfully fill in the export application form. Export application forms shall be uniformly produced by MOFTEC.

Article 10

MOFTEC shall, within 45 working days from the date of receipt of the export application form and the documents specified in Article
8 of these Measures, examine, or jointly with other relevant departments of the State Council examine the application, and make
a decision of approval or denial.

Article 11

Where the export of certain chemicals and related equipment and technologies entails significant impact on the State security and
social and public interests or foreign policy, MOFTEC shall, jointly with relevant departments, submit the case to the State Council
for approval.

Where the export of certain chemicals and related equipment and technologies is submitted to the State Council for approval, the timing
restriction set forth in Article 10 of these Measures shall not apply.

Article 12

Where an application for the export of certain chemicals and related equipment and technologies is examined and approved, MOFTEC shall
issue a license for the export of certain chemicals and related equipment and technologies (hereinafter referred to as an export
license), and notify the Customs in writing.

Article 13

An export license holder who intends to change the certain chemicals and related equipment and technologies originally applied for
export shall return the original export license and file a new application to obtain a new export license according to relevant provisions
of these Measures.

Article 14

While exporting certain chemicals and related equipment and technologies, the exporter shall present the export license to the Customs
and complete customs procedures in accordance with the provisions of the Customs.

Article 15

Where the receiving party contravenes the guarantees made under Article 6 of these Measures, or there is a risk of proliferation
of certain chemicals and related equipment and technologies in the Control List for the purpose of chemical weapons, MOFTEC shall
suspend or revoke the export license granted and notify the Customs in writing.

Article 16

Where the exporter knows or should know that the certain chemicals and related equipment and technologies to be exported will be used
by the receiving party directly for the purpose of chemical weapons or for the production of chemical weapons precursor, it shall
not export such chemicals and related equipment and technologies, whether included in the Control List or not.

Article 17

Upon approval by the State Council, MOFTEC may, jointly with relevant departments of the State Council, temporarily decide to exercise
export control on specific items and technologies other than those listed in the Control List in accordance with the provisions of
these Measures.

The export of the specific items and technologies set forth in the preceding paragraph shall be licensed in accordance with the provision
of these Measures.

Article 18

Those who export certain chemicals and related equipment and technologies without being licensed or export certain chemicals and related
equipment and technologies beyond the scope of the export license without authorization, shall be investigated for criminal liability
in accordance with the provisions of the criminal law on the crime of smuggling, the crime of illegal business operations, the crime
of divulging State secrets or other crimes; if such acts are not serious enough for criminal punishment, by distinguishing different
circumstances, they shall be punished in accordance with relevant provisions of the Customs Law, or be given a warning and fined
for not less than twice but not more than five times the illegal income by MOFTEC, according to the circumstances; MOFTEC may concurrently
revoke the licensing for their foreign trade operations.

Article 19

Those who forge, alter, buy or sell, or obtain by fraud or other illegal means the license for the export of certain chemicals and
related equipment and technologies shall be investigated for criminal liability in accordance with the provisions of the criminal
law on the crime of illegal business operations or the crime of forging, altering, buying or selling official documents, certificates
or seals of a State organ; if such acts are serious enough for punishment, they shall be punished in accordance with relevant provisions
of the Customs Law, and MOFTEC may concurrently revoke the licensing for their foreign trade operations.

Article 20

Where the State functionaries in charge of the control on the export of certain chemicals and related equipment and technologies abuse
their powers, neglect their duties or extort or accept money or properties from others by taking advantage of their positions, they
shall be investigated for criminal liability in accordance with the provisions of the criminal law on the crime of abuse of power,
the crime of neglect of duties, the crime of accepting bribes and other crimes; if such acts are not serious enough for criminal
punishment, they shall be given administrative sanctions according to law.

Article 21

In light of actual situations, MOFTEC may, jointly with relevant departments of the State Council, amend the Control List.

Article 22

These Measures shall enter into force as of November 19, 2002.

Certain Chemicals and Related Equipment and Technologies Export Control List

Part I Chemicals

Chemical Name CAS Number

Hydrogen Fluoride (7664-39-3)

Potassium Fluoride (7789-23-3)

Sodium Fluoride (7681-49-4)

Sodium Sulphide (1313-82-2)

Potassium Bifluoride (7789-29-9)

Sodium Bifluoride (1333-83-1)

Ammonium Bifluoride (1341-49-7)

Di-isopropylamine (108-18-9)

Diethylaminoethanol (100-37-8)

10.

2-Chloroethanol (107-07-3)

Part II Related Equipment and Technologies

(I)

Equipment

Note 1. Where the export involves equipment which is specially designed for civilian use (e.g. water purification, food processing,
pulp and paper processing, etc.) and is, by the nature of its design, inappropriate for use in storing, processing, producing or
transporting chemicals subject to the export control by the State, an export license is not required.

Note 2. In relation to the export of any item which contains one or more controlled components, and the controlled component or components
are principal element of the item, and can feasibly be removed or used for other purposes, an export license is required.

Note 3. In relation to the export of complete producing facilities and related know – how which can be used for the production of
chemicals subject to export control by the State, an export license is required.

Valves

Multi-seal, bellows or diaphragm valves incorporating a leak detection port, in which all surfaces that come in direct contact with
the chemical(s) are made from the following materials:

Glass or glass-lined (including vitrified or enamelled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight; or

Nickel or alloys with more than 40% nickel by weight.

Pumps

Multi-seal, canned drive, magnetic drive, bellows or diaphragm pumps, with manufacturer’s specified maximum flow-rate greater than
0.6 m3/h, or vacuum pumps with the manufacturer’ s specified maximum flow-rate greater than 5 m3/h (under standard temperature (0(C)
and pressure (101.30 kPa) conditions) in which all surfaces that come in direct contact with the chemical(s) are made from the following
materials:

Glass or glass-lined (including vitrified or enamelled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight;

Nickel or alloys with more than 40% nickel by weight;

Ferrosilicon;

Ceramics; or

Graphite.

Storage Tanks, Containers or Receivers

Storage tanks, containers or receivers with a total internal volume greater than 0.1m3 (100 l) where all surfaces that come in direct
contact with the chemical(s) are made from the following materials:

Glass or glass-lined (including vitrified or enameled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight; or

Nickel or alloys with more than 40% nickel by weight.

Multi-Walled Piping

Multi-walled piping incorporating a leak detection port, in which all surfaces that come in direct contact with the chemical(s) are
made from the following materials:

Glass or glass-lined (including vitrified or enameled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight;

Nickel or alloys with more than 40% nickel by weight; or

Graphite.

Distillation or Absorption Columns

Distillation or absorption columns of internal diameter greater than 0.1m; where all surfaces that come in direct contact with chemical(s)
are made from the following materials:

Glass or glass-lined (including vitrified or enameled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight;

Nickel or alloys with more than 40% nickel by weight; or

Graphite.

Heat Exchangers or Condensers

Heat exchangers or condensers with a heat transfer area of greater than 0.15m2, and less than 20m2, where all surfaces that come in
direct contact with chemical(s) being processed or contained are made from the following materials:

Glass or glass-lined (including vitrified or enameled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight;

Nickel or alloys with more than 40% nickel by weight;

Graphite;

Titanium carbide; or

Silicon carbide

Reaction Vessels, Reactors or Agitators

Reaction vessels or reactors, with or without agitators, with total internal volume greater than 0.1m3 (100 l) and less than 20m3
(20000 l), where all surfaces that come in direct contact with chemical(s) being processed or contained are made from the following
materials:

Glass or glass-lined (including vitrified or enameled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight; or

Nickel or alloys with more than 40% nickel by weight.

Agitators for use in the above-mentioned reaction vessels or reactors where all surfaces of the agitators that come in direct contact
with the chemical(s) being processed are made from the following materials:

Glass or glass-lined (including vitrified or enameled coating);

Fluoropolymers;

Titanium or titanium alloys;

Zirconium or zirconium alloys;

Tantalum or tantalum alloys;

Alloys with more than 25% nickel and 20% chromium by weight; or

Nickel or alloys with more than 40% nickel by weight.

Incinerators

Incinerators designed to destroy chemicals subject to export control by the State, chemical munitions, having specially designed waste
supply systems, special handling facilities, and an average combustion chamber temperature greater than 1000in which all surfaces
in the waste supply system that come into direct contact with the waste products are made from the following materials:

Alloys with more than 25% nickel and 20% chromium by weight;

Nickel or alloys with more than 40% nickel by weight; or

Ceramics.

Filling Equipment

Remotely operated filling equipment in which all surfaces that come into direct contact with the chemical(s) being processed are made
from the following materials:

Alloys with more than 25% nickel and 20% chromium by weight; or

Nickel or alloys with more than 40% nickel by weight.

(II)

Toxic Gas Monitoring Systems and Detectors

Designed for continuous operation and usable for the detection of chemicals or organic chemical compound subject to export control
by the State (containing phosphorous, sulfur, fluorine or chlorine, at concentrations of less than 0.3mg/m3) ;

Designed for the detection of cholinesterase-inhibi-ting activity.

(III)

Related Technologies

Note 1. The transfer of technology means, to the extent permitted by the law of the State, the transfer of technology directly associated
with chemicals and related equipment, which are subject to export control by the State, including licensing.

Note 2. The transfer of technology (including ‘technical assistance’) does not include information ‘in the public domain’ or ‘basic
scientific research’.

Note 3. The approval for export of any item of equipment also authorizes the export to the same end-user of the minimum technology
required for the installation, operation, maintenance or repair of that item.

Definitions of Terms

“Technology” means specific information necessary for the development, production or use of items subject to export control by the
State. The information takes the form of “technical data” or “technical assistance”.

“Basic scientific research” means experimental or theoretical work undertaken principally to acquire new knowledge of the fundamental
principles of phenomena or observable facts, not primarily directed towards a specific practical aim or objective.

“In the public domain” means technology that has been made available without restrictions upon its further dissemination. (Copyright
restrictions do not remove technology from being in the pubic domain).

“Development ” means all phases before production such as :

design

design research

design data

scheme research

configuration design

integration design

design analysis

process data of transforming design data into a product

assembly of and experiment with prototypes

pilot production schemes

layouts

“Production” means all production phases such as:

construction

production engineering

manufacturing

assembly (mounting)

integration

inspection

testing

quality assurances

“Use” means,

installation (including on-site installation)

operation

maintenance (checking)

repair

overhaul

refurbishing

“Technical data” may take the following forms:

blueprints

plans

diagrams

models

formulae

engineering designs and specifications

manuals and written instructions

instructions recorded on other media or devices such as disk, tape, read-only memories.

“Technical assistance” means,

technical instructions

posting of skills

training

working knowledge

consulting services

Note: “Technical assistance” may involve transfer of “technical data”

The Ministry of Foreign Trade and Economic Cooperation, the State Economic and Trade Commission, the General Administration
of Custom
2002-10-18

CIRCULAR OF THE PEOPLE’S BANK OF CHINA ON RELEVANT ISSUES CONCERNING COMMERCIAL BANKS’ APPLICATION FOR ENGAGING IN THE ENTRUSTED BUSINESS OF INVESTMENT OF SECURITIES WITHIN CHINA BY QUALIFIED FOREIGN INSTITUTIONAL INVESTORS

The People’s Bank of China

Circular of the People’s Bank of China on Relevant Issues Concerning Commercial Banks’ Application for Engaging in the Entrusted Business
of Investment of Securities within China by Qualified Foreign Institutional Investors

YinFa [2002] No.371

December 17, 2002

All the branches and the business and managerial departments of the People’s Bank of China, all the wholly state-owned commercial
banks and the joint stock commercial banks:

In order to support the implementation of the Interim Measures Governing the Investment of Securities within China by Qualified Foreign
Institutional Investors (Decree [2002] No.12 of the China Securities Regulatory Committee and the People’s Bank of China, hereinafter
referred to as the Measures), relevant issues concerning commercial banks’ application for engaging in the entrusted business of
investments of securities within China by qualified foreign institutional investors (QFII) are notified as follows:

Chinese-funded commercial banks shall submit the application materials as provided in Article 16 of the Interim Provisions Governing
the Intermediate Business of Commercial Banks (Decree [2000] No. 5 of the People’s Bank of China).

The branches of Wholly foreign-funded banks, equity joint banks and foreign banks shall submit the application materials as provided
in Article 44 of the Rules for the Implementation of the Regulations of the People’s Republic of China on the Management of Foreign-funded
Financial Institutions (Decree [2002] No. 1 of the People’s Bank of China):

An application form for engaging in the entrusted business of investments of bonds and securities inside China by qualified foreign
institutional investors as signed by the person authorized by the head office of the applicant. Where the application is signed by
the chairman of the board of directors or the president (chief executive office, general manager), no power of attorney is required;
where an application is signed by any other person, a power of attorney is required. The power of attorney shall be subject to the
notarization of an institution acknowledged by the country or region where it is located or subject to the authentication of the
Chinese embassy or consulate to that country. “The country or region where it is located” refers to the country or region where the
authorizer is holding a position. If the authorizer is within the borders of China, the notarization shall be issued by a notarial
institution located at the city where the authorizer is holding a position. If the authorized person is holding a position within
the borders of China on the temporary basis, where his (her) present position has been examined and approved by the People’s Bank
of China and where the scope of the authorization is in conformity with that approved by the People’s Bank of China, he (she) can
merely offer a copy of the authorization that had been submitted to the People’s Bank of China when he (she) started to hold the
position, but the said copy shall be signed by himself (herself).

Detailed description of the proposed business, necessary preparations for engagement in the business, including operational procedures,
risk-benefit analysis, control measures, professionals and installations of computer systems etc.

Other materials required by the People’s Bank of China.

For the branches of the foreign banks in China, only one of the branches may apply for engaging in the entrusted business of securities
investment as a QFII inside China, and for the solely foreign-funded banks and the equity joint banks, only the head offices thereof
may apply for engaging in the entrusted business of securities investment as a QFII.

The wholly state-owned commercial banks and joint stock commercial banks shall file an application to the People’s Bank of China via
their head office. City commercial banks shall file an application to the branch or the business managerial department via their
respective head offices. Wholly foreign-funded banks, equity joint banks and branches of foreign banks shall submit the application
materials (in triplicate) to any branch of the People’s Bank of China where the applicant is located. After the materials of application
have been examined and accepted by the branch of the People’s Bank of China, they shall be submitted via the branch’ s superior to
the People’s Bank of China for approval.

As to the commercial banks approved to engage in the entrusted business of investments of bonds and securities inside China by qualified
foreign institutional investors, no modification shall be made on their license for financial business and no public announcement
is required.

Upon the approval of the Bank and by presenting the document of approval and by reference to the Measures, a commercial bank shall
file an application to the China Securities Regulatory Commission for the post_title of a trustee of investments of bonds and securities
within borders of China by qualified foreign institutional investors.

The circular shall be applicable to the Chinese Mainland branches of the banks of Hong Kong, Macao and Taiwan and the wholly foreign-funded
banks, equity joint banks established in the Chinese Mainland by financial institutions of Hong Kong, Macao and Taiwan by referring
to the provisions concerning wholly foreign-funded banks, equity joint banks and branches of foreign banks.

All branches and business managerial departments should distribute the circular to local branches, city commercial banks and foreign-funded
banks.

The People’s Bank of China
2002-12-17

CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION CONCERNING THE ENTERPRISE INCOME TAX PAID BY FOREIGN-INVESTED BUSINESS STARTING INVESTMENT COMPANIES

The State Administration of Taxation

Circular of the State Administration of Taxation Concerning the Enterprise Income Tax paid by Foreign-Invested Business Starting Investment
Companies

GuoShuiFa [2003] No. 61

June 4, 2003

State taxation bureaus and local taxation bureaus of provinces, autonomous regions, municipalities directly under the Central Government
and municipalities separately listed on the State plan:

In order to encourage foreign companies, enterprises, other economic organizations or individuals (hereinafter referred to as foreign
investors) to take up business starting investment in China, the Ministry of Foreign Trade and Economic Cooperation, the Ministry
of Science and Technology, the State Administration for Industry and Commerce, the State Administration of Taxation and the State
Administration of Foreign Exchange jointly promulgated the Provisions on Administration of Foreign-Invested Business Starting Investment
Enterprises (2003 No. 2 Decree, hereinafter referred to as Administration Provisions) in January of 2003. Concerning the issues related
to enterprise income tax of foreign-invested business starting investment enterprises (hereinafter referred to as FIBSIE), it is
hereby clarified as follows in compliance with the Income Tax Law of the People’s Republic of China for Enterprises with Foreign
Investment and Foreign Enterprises (hereinafter referred to as Tax Law) and its rules for the implementation.

According to the relevant provisions, the FIBSIE engaged in stock equity investment and transfer and providing business starting investment
management service and consultative service to enterprises do not belong to productive enterprises stipulated by Article 72 of Tax
Law and cannot enjoy the preferential tax treatment stipulated by Tax Law to productive enterprises with foreign investment.

II.

The FIBSIE organized as a legal entity should declare and pay enterprise income tax with FIBSIE as one taxpayer according to Tax Law.

III.

The FIBSIE not organized as a legal entity may declare and pay enterprise income tax by different investors respectively according
to Article 7 of detailed rules of Tax Law; or it may declare and pay enterprise income tax as a whole according to Tax Law after
its application is approved by local tax organs.

If the FIBSIEs, which are not organized as a legal entity, declare and pay enterprise income tax by investors respectively, foreign
investors should calculate and pay enterprise income tax as foreign companies establishing agencies or offices in China. But for
those FIBSIEs without a legal entity, which do not establish business starting investment management agencies and do not take up
business starting investment management and consultation directly, but authorize one business starting investment management enterprise
or another FIBSIE to manage and operate, foreign investors could declare and pay enterprise income tax as foreign enterprises not
establishing agencies and offices in China.

IV.

The FIBSIE, this circular mentioned, refers to enterprises with foreign investment that are approved by legal procedure and engaged
in business starting investment according to the requirement and conditions of Administration Regulations. The names of the enterprises
should include the characters of business starting investment.

This circular shall enter into force as of March 1, 2003.

The State Administration of Taxation
2003-06-04

AGREEMENT ON ENCOURAGEMENT AND RECIPROCAL PROTECTION OF INVESTMENTS BETWEEN THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA AND THE GOVERNMENT OF THE KINGDOM OF THE NETHERLANDS

AGREEMENT ON ENCOURAGEMENT AND RECIPROCAL PROTECTION OF INVESTMENTS BETWEEN THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA AND THE
GOVERNMENT OF THE KINGDOM OF THE NETHERLANDS

The Government of the People’s Republic of China and the Government of the Kingdom of the Netherlands (hereinafter referred to as
the “Contracting Parties”),

Desiring to strengthen their traditional ties of friendship and to extend and intensify the economic relations between them, particularly
with respect to investments by the investors of one Contracting Party in the territory of the other Contracting Party,

Recognising that agreement upon the treatment to be accorded to such investments will stimulate the flow of capital and technology
and the economic development of the Contracting Parties and that fair and equitable treatment of investment is desirable,

Have agreed as follows:

Article 1

DEFINITIONS

For the purpose of this Agreement,

The term “investment” means every kind of asset invested by investors of one Contracting Party in the territory of the other Contracting
Party, and in particular, though not exclusively, includes:

(a)

movable and immovable property and other property rights such as mortgages and pledges;

(b)

shares, debentures, stock and any other kind of participation in companies;

(c)

claims to money or to any other performance having an economic value associated with an investment;

(d)

intellectual property rights, in particular copyrights, patents, trade-marks, trade-names, technological process, know-how and goodwill;

(e)

business concessions conferred by law or under contract permitted by law, including concessions to search for, cultivate, extract
or exploit natural resources.

Any change in the form in which assets are invested does not affect their character as investments.

The term “investor” means,

(a)

natural persons who have the nationality of either Contracting Party in accordance with the laws of that Contracting Party;

(b)

economic entities, including companies, corporations, associations, partnerships and other organizations, incorporated and constituted
under the laws and regulations of either Contracting Party and have their seats in that Contracting Party, irrespective of whether
or not for profit and whether their liabilities are limited or not.

The term “returns” means the amounts yielded from investments, including profits, dividends, interests, capital gains, royalties and
other legitimate income.

For the purposes of this Agreement, the term “territory” means respectively:

– for the People’s Republic of China, the territory of the People’s Republic of China (including the territorial sea and air space
above it)as well as any area beyond its territorial sea within which the People’s Republic of China has sovereign rights of exploration
for and exploitation of resources of the seabed and its sub-soil and superjacent water resources in accordance with Chinese law and
international law;

– for the Kingdom of the Netherlands, the territory of the Kingdom of the Netherlands and any area adjacent to the territorial sea
which, under the laws applicable in the Kingdom of the Netherlands, and in accordance with international law, is the exclusive economic
zone or continental shelf of the Kingdom of the Netherlands, in which the Kingdom of the Netherlands exercises jurisdiction or sovereign
rights.

Article 2

PROMOTION AND ADMISSION OF INVESTMENTS

Each Contracting Party shall encourage investors of the other Contracting Party to make investments in its territory and admit such
investments in accordance with its laws and regulations.

Article 3

TREATMENT OF INVESTMENT

Investments of investors of each Contracting Party shall all the time be accorded fair and equitable treatment in the territory of
the other Contracting Party. Investments of the investors of either Contracting Party shall enjoy the constant protection and security
in the territory of the other Contracting Party.

Neither Contracting Party shall take any unreasonable or discriminatory measures against the management, maintenance, use, enjoyment
and disposal of the investments by the investors of the other Contracting Party.

Each Contracting Party shall accord to investments and activities associated with such investments by the investors of the other Contracting
Party treatment no less favourable than that accorded to investments and activities by its own investors or investors of any third
State.

Each Contracting Party shall observe any commitments it may have entered into with the investors of the other Contracting Party with
regard to their investments.

If the provisions of law of either Contracting Party or obligations under international law existing at present or established hereafter
between the Contracting Parties in addition to the present Agreement contain a regulation, whether general or specific, entitling
investments by investors of the other Contracting Party to a treatment more favourable than is provided for the present Agreement,
such regulation shall, to the extent that it is more favourable, prevail over the present Agreement.

The provisions of paragraphs 1 to 5 of this Article shall not be construed so as to oblige one Contracting Party to extend to the
investors of the other Contracting Party the benefit of any treatment, preference or privilege by virtue of:

(a)

agreements establishing customs unions, economic unions, monetary unions or similar institutions, or on the basis of interim agreements
leading to such unions or institutions:

(b)

any international agreement or international arrangement relating wholly or mainly to taxation;

(c)

any international agreement or arrangement for facilitating small scale investments in border areas.

Article 4

ENTRY AND SOJOURN OF PERSONNEL

Each Contracting Party shall, with in the framework of its legislation, give sympathetic consideration to application for visas and
working permits to investors of the other Contracting Party engaging in activities associated with investments made in the territory
of that Contracting Party.

Article 5

EXPROPRIATION

Neither Contracting Party shall expropriate, nationalise or take other similar measures (hereinafter referred to as “expropriation”)
against the investments of the investors of the other Contracting Party in its territory, unless the following conditions are met:

a)the expropriation is done in the public interest and under domestic legal procedures;

b)the expropriation is not discriminatory or contrary to any undertaking which the Contracting Party, which takes such measures, may
have given;

c)the expropriation is done against compensation.

The compensation referred to in paragraph 1 c) shall be equivalent to the fair market value of the expropriated investment immediately
before the expropriation measures were taken. The fair market value shall not reflect any change in value because the expropriation
had become publicly known earlier. It shall include interest at the prevailing commercial rate from the date the expropriation was
done until the date of payment and shall, in order to be effective for the affected investors, be paid and made transferable, without
delay to the country designated by the investor concerned and in the currency of the country of the affected investor, or in any
freely convertible currency accepted by the affected investor.

Article 6

COMPENSATION FOR DAMAGES AND LOSSES

Investors of one Contracting Party whose investments in the territory of the other Contracting Party suffer losses owing to war, a
state of national emergency, insurrection, riot or other similar events in the territory of the latter Contracting Party, shall be
accorded by the latter Contracting Party treatment, as regards restitution, indemnification, compensation and other settlements no
less favourable than that accorded to the investors of its own or any third State, whichever is more favourable to the investor concerned.

Article 7

REPATRIATION OF INVESTMENTS AND RETURNS

Each Contracting Party shall, guarantee to the investors of the other Contracting Party the transfer of their investments and returns
held in its territory, including though not exclusively:

(a)

profits, dividends, interests and other legitimate income;

(b)

proceeds obtained from the total or partial sale or liquidation of investments;

(c)

payments pursuant to a loan agreement in connection with investments;

(d)

royalties in relation to the matters in paragraph 1 (d) of Article1;

(e)

payments of technical assistance or technical service fee, management fee;

(f)

payments in connection with contracting projects;

(g)

earnings of investors of the other Contracting Party who work in connection with an investment in its territory.

Nothing in paragraph 1 of this Article shall affect the free transfer of compensation paid under Article 5 and 6 of this Agreement.

The transfer mentioned above shall be made in a freely convertible currency and at the prevailing market rate of exchange applicable
within the Contracting Party accepting the investments on the date of transfer.

Article 8

SUBROGATION

If one Contracting Party or its designated agency makes a payment to its investor under an indemnity given in respect of an investment
made in the territory of the other Contracting Party, the latter Contracting Party shall recognize the assignment of all the rights
and claims of the indemnified investor to the former Contracting Party or its designated agency, by law or by legal transactions,
and the right of the former Contracting Party or its designated agency to exercise by virtue of subrogation any such right to the
same extent as the investor.

Article 9

SETTLEMENT OF DISPUTES BETWEEN CONTRACTING PARTIES

Any dispute between the Contracting Parties concerning the interpretation or application of this Agreement shall, as far as possible,
be settled with consultation through diplomatic channel.

If a dispute cannot thus be settled within six months, it shall, upon the request of either Contracting Party, be submitted to an
ad hoc arbitral tribunal.

Such tribunal comprises of three arbitrators. Within two months of the receipt of the written notice requesting arbitration, each
Contracting Party shall appoint one arbitrator. Those two arbitrators shall, within a further two months, together select a national
of a third State having diplomatic relations with both Contracting Parties as Chairman of the arbitral tribunal.

If the arbitral tribunal has not been constituted within four months from the receipt of the written notice requesting arbitration,
either Contracting party may, in the absence of any other agreement, invite the President of the International Court of Justice to
make any necessary appointments. If the President is a national of either Contracting Party or is otherwise prevented from discharging
the said functions, the Member of the International Court of Justice next in seniority who is not a national of either Contracting
Party, or is not prevented from discharging the said functions, shall be invited to make such necessary appointments.

The arbitral tribunal shall determine its own procedure. The arbitral tribunal shall reach its award in accordance with the provisions
of this Agreement and the applicable principles of international law.

The arbitral tribunal shall reach its award by a majority of votes. Such award shall be final and binding upon both Contracting Parties.
The arbitral tribunal shall, upon the request of either Contracting Party, explain the reasons of its award.

Each Contracting Party shall bear the costs of its appointed arbitrator and of its representation in arbitral proceedings. The relevant
costs of the Chairman and tribunal shall be borne in equal parts by the Contracting Parties.

Article 10

SETTLEMENT OF DISPUTES BETWEEN AN INVESTOR AND A CONTRACTING PARTY

Disputes which might arise between one of the Contracting Parties and an investor of the other Contracting Party concerning an investment
of that investor in the territory of the former Contracting Party shall, whenever possible, be settled amicably between the Parties
concerned.

An investor may decide to submit a dispute to a competent domestic court. In case a legal dispute concerning an investment in the
territory of the People’s Republic of China has been submitted to a competent domestic court, this dispute may be submitted to international
dispute settlement, on the condition that the investor concerned has withdrawn its case from the domestic court. If a dispute concerns
an investment in the territory of the Kingdom of the Netherlands an investor may choose to submit a dispute to international dispute
settlement at any time.

If the dispute has not been settled amicably within a period of six months, from the date either party to the dispute requested amicable
settlement, each Contracting Party gives its unconditional consent to submit the dispute at the request of the investor concerned
to:

(a)

the International Center for Settlement of Investment Disputes, for settlement by arbitration or conciliation under the Convention
on the Settlement of Investment Disputes between States and Nationals of Other States, opened for signature at Washington on 18 March
1963;or

(b)

an ad hoc arbitral tribunal, unless otherwise agreed upon by the parties to the dispute, to be established under the Arbitration Rules
of the United Nations Commission on International Trade Law (UNCITRAL)

The ad hoc tribunal shall decide a dispute in accordance with such rules of law as may be agreed by the parties. In absence of such
agreement the tribunal shall apply the law of the Contracting Party to the dispute (including its rules on the conflict of laws),
the provisions of this Agreement and such rules of international law as may be applicable.

The arbitral awards shall be final and binding on both parties to the dispute.

Article 11

CONSULTATIONS

Either Contracting Party may propose to the other Party that consultations be held on any matter concerning interpretation, application
and implementation of the Agreement. The other Party shall accord sympathetic consideration to the proposal and shall afford adequate
opportunity for such consultations.

Article 12

APPLICATION

This present Agreement shall also apply to investments which have been made prior to its entry into force by investors of the one
Contracting Party in the territory of the other Contracting Party in accordance with the laws and regulations of the Contracting
Party concerned, which were in force at the time the investment was made. The provisions of the present Agreement shall apply irrespective
of the existence of diplomatic or consular relations between the Contracting Parties.

Article 13

TRANSITION

This Agreement substitutes and replaces the Agreement on reciprocal encouragement and protection of investments between the Government
of the People’s Republic of China and the Government of the Kingdom of the Netherlands, signed June 17th, 1985 in Hague.

The present Agreement shall apply to all investments made by investors of either Contracting Party in the territory of the other Contracting
Party, whether made before or after the entry into force of this Agreement, but shall not apply to any dispute or any claim concerning
an investment which was already under judicial or arbitral process before its entry into force. Such disputes and claims shall continue
to be settled according to the provisions of the Agreement of 1985 mentioned in paragraph 1 of this Article.

Article 14

APPLICATION AND TERMINATION OF THE AGREEMENT CONCERNING THE KINGDOM OF THE NETHERLANDS

As regards the Kingdom of the Netherlands, the present Agreement shall apply to the part of the Kingdom of the Netherlands in Europe
and shall also apply to the Netherlands Antilles and to Aruba, unless the notification provided for in Article 15 , paragraph (1)
states otherwise.

Subject to the provisions of Article 15 , the Kingdom of the Netherlands shall be enpost_titled to terminate the application of the present
Agreement separately in respect of the Kingdom of the Netherlands in Europe, of the Netherlands Antilles and of Aruba.

Article 15

ENTRY INTO FORCE, DURATION AND TERMINATION

This Agreement shall enter into force on the first day of the following month after the date on which both Contracting Parties have
notified each other in writing that their respective internal legal procedures necessary therefore have been fulfilled and remain
in force for a period of fifteen years.

Unless notice of termination has been given by either Contracting Party at least six months before the date of the expiry of its validity,
the present Agreement shall be extended tacitly for periods of five years.

With respect to investments made prior to the date of termination of this Agreement, the preceding provisions of Article 1 to 14
shall continue to be effective for a further period of fifteen years from such date of termination.

In Witness Whereof the undersigned, duly authorized thereto by their respective Governments, have signed this Agreement.

Done in two originals at BEIJING on 26 NOVEMBER 2001,in Chinese, Netherlands and English languages, all texts being equally authoritative.
In case of difference of interpretation the English text will prevail.

FOR THE_FOR THE

GOVERNMENT OF GOVERNMENT OF

THE PEOPLE’S REPUBLIC OF THE KINGDOM OF

CHINATHE NETHERLANDS

Protocol to the Agreement on encouragement and reciprocal protection of investments between the People’s Republic of China and the
Kingdom of the Netherlands

On the signing of the Agreement on encouragement and reciprocal protection of investments between the People’s Republic of China and
the Kingdom of the Netherlands, the undersigned representatives have agreed on the following provisions which constitute an integral
part of the Agreement:

Ad Article 1

The term “investments” mentioned in Article 1 (1) includes investments of legal persons of third State which are owned or controlled
by investors of one Contracting Party in accordance with the laws and regulations of the latter. The relevant provisions of this
Agreement shall apply to such investments only when such third State has no right or abandons the right to claim compensation after
the investments have been expropriated by the other Contracting Party.

The Agreement shall also apply to reinvestments made by investors of one Contracting Party in the territory of the other Contracting
Party and in accordance with the laws and regulations of that Party.

Ad Article 3 , paragraphs 2 and 3

In respect of the People’s Republic of China, paragraphs 2 and 3 of Article 3 do not apply to:

(a)

any existing non-conforming measures maintained within its territory;

(b)

the continuation of any non-conforming measure referred to in subparagraph a);

(c)

an amendment to any non-conforming measure referred to in subparagraph a) to the extent that the amendment does not increase the non-conformity
of the measure, as it existed immediately before the amendment, with those obligations.

It will be endeavored to progressively remove the non-conforming measures.

Ad Article 7

With regard to the People’s Republic of China, the transfer referred to in Article 7 of this Agreement shall comply with relevant
formalities stipulated by the present Chinese laws and regulations relating to exchange control.

In this respect the People’s Republic of China shall accord to the investors of the Kingdom of the Netherlands treatment not less
favourable than that accorded to the investors of any third State.

These formalities shall not be used as a means of avoiding the Contracting Party’s commitments or obligations under this Agreement.

The provisions of Article 7 of this Agreement shall not affect the rights and obligations with respect to exchange restrictions that
either Contracting Party has or may have as a member to the International Monetary Fund.

Ad Article 10

The Kingdom of the Netherlands takes note of the statement that the People’s Republic of China requires that the investor concerned
exhausts the domestic administrative review procedure specified by the laws and regulations of the People’s Republic of China, before
submission of the dispute to international arbitration under Article 10 , paragraph 3. The People’s Republic of China declares that
such a procedure will take a maximum period of three months.

FOR THEFOR THE

GOVERNMENT OFGOVERNMENT OF

THE PEOPLE’S REPUBLIC OF THE KINGDOM OF

CHINATHE NETHERLANDS

The Government of the People’s Republic of China
2001-11-26

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Divorce

THE PROVISIONS OF THE GENERAL ADMINISTRATION OF CUSTOMS OF PEOPLE’S REPUBLIC OF CHINA ON IMPLEMENTING THE RULES OF ORIGIN...

INTERIM PROVISIONS ON THE ESTABLISHMENT OF PRINTING ENTERPRISES WITH FOREIGN INVESTMENT

MEASURES FOR THE ADMINISTRATION OF THE QUALIFICATIONS OF SECURITIES PRACTITIONERS

CATALOGUE OF ENCOURAGED HI-TECH PRODUCTS FOR FOREIGN INVESTMENT

INTERIM PROVISIONS ON THE ADMINISTRATION OF CHINESE-FOREIGN JOINT VENTURE AND CHINESE-FOREIGN COOPERATIVE JOB INTERMEDIARY INSTITUTIONS

CIRCULAR OF THE STATE ADMINISTRATION OF FOREIGN EXCHANGE (SAFE) ON DISTRIBUTING INSTRUCTION ON MAKING USE OF INFORMATION TECHNOLOGY TO IMPROVE BOP STATISTICS AND STANDARD OF INTERFACE BETWEEN MONITORING SYSTEM FOR BOP STATISTICS AND OPERATION SYSTEMS OF FINANCIAL INSTITUTIONS

CIRCULAR OF THE MINISTRY OF FOREIGN TRADE AND ECONOMIC COOPERATION ON THE PROVISIONS ON THE ADMINISTRATION OF INTERNATIONAL CHECK UPON THE IMPORT AND EXPORT OF CHEMICAL PRODUCTS LIABLE TO PRODUCING NARCOTIC DRUGS

PROVISIONS ON THE ESTABLISHMENT OF REINSURANCE COMPANIES

MEASURES ON EXPORT CONTROL OF CERTAIN CHEMICALS AND RELATED EQUIPMENT AND TECHNOLOGIES

CIRCULAR OF THE PEOPLE’S BANK OF CHINA ON RELEVANT ISSUES CONCERNING COMMERCIAL BANKS’ APPLICATION FOR ENGAGING IN THE ENTRUSTED BUSINESS OF INVESTMENT OF SECURITIES WITHIN CHINA BY QUALIFIED FOREIGN INSTITUTIONAL INVESTORS

CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION CONCERNING THE ENTERPRISE INCOME TAX PAID BY FOREIGN-INVESTED BUSINESS STARTING INVESTMENT COMPANIES

AGREEMENT ON ENCOURAGEMENT AND RECIPROCAL PROTECTION OF INVESTMENTS BETWEEN THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA AND THE GOVERNMENT OF THE KINGDOM OF THE NETHERLANDS

CONSTITUTION ACT, 1982 – page 22

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