CIRCULAR OF THE MINISTRY OF FINANCE, PEOPLE’S BANK OF CHINA, AND CHINA SECURITIES REGULATORY COMMISSION CONCERNING THE CONFIRMATION OF THE QUALIFICATIONS OF THE MEMBERS OF THE BOOK-ENTRY T-BOND UNDERWRITING SYNDICATES

Circular of the Ministry of Finance, People’s Bank of China, and China Securities Regulatory Commission concerning the Confirmation
of the Qualifications of the Members of the Book-entry T-Bond Underwriting Syndicates

Cai Ku [2006] No. 84
September 29, 2006

The National Council for Social Security Funds, China Postal Savings and Remittance Bureau, each commercial bank, securities company
and insurance company:

In order to regulate the issuance of T-bonds and promote the sound development of the T-bond market, the task of forming book-entry
T-bond underwriting syndicates has been completed in line with the Measures for the Examination and Approval of the Qualifications
of the Members of the T-Bond Underwriting Syndicates ( No. 39 of the Ministry of Finance, People’s Bank of China and China Securities
Regulatory Commission) and the Circular of the Ministry of Finance, People’s Bank of China and China Securities Regulatory Commission
on Establishing the Book-entry T-Bond Underwriting Syndicates (Cai Ku [2006] No. 61).

By August 11, 74 institutions in total have submitted application materials, all of which satisfied the basic application requirements
and been accepted. The book-entry T-bond underwriting syndicate should be established in line with the principle of openness, fairness
and impartiality and the survival of the fittest based on keeping overall stability of the members. There may not be more than 60
members, of which the Class A members may not more than 20. Upon the consultation of the China Banking Regulatory Commission and
China Insurance Regulatory Commission, jointly with the Peoples’ Bank of China and China Securities Regulatory Commission, the Ministry
of Finance determined the following establishment plan:

You may not take the applicant institutions into consideration which were members of the book-entry T-bond syndicate for the year
of 2004 and of which the underwriting volume of T-bond for the whole year of 2005 is less than 1 billion Yuan.. According to this
requirement, 5 members of the original book-entry T-bond underwriting syndicate are not members of this underwriting syndicate any
more.

New applicant institutions, of which the underwriting volume of T-bonds for the whole year of 2005 (in accordance with the figure
verified by the Ministry of Finance) is more than 4 billion Yuan, should be included. According to this requirement, 6 new applicant
institutions are accepted as members of this underwriting syndicate.

In case of the new applicant foreign-funded banks, because the Regulation on the Administration of Foreign-funded Financial Institutions
is being amended, no new foreign-funded bank is accepted as the member of this T-bond underwriting syndicate.

The examination of the qualifications of Class A members is on the condition that the member should rank among the top 25 in the comprehensive
evaluation of the book-entry bond business in 2005. Other applicants applying for the qualifications of Class A members are regarded
as applicants for qualifications of Class B members.

It is hereby announced that, according to the aforesaid establishment plan, the Name List of the Members of the Book-entry T-Bond
Underwriting Syndicate (attached) was determined, and it is hereby promulgated.

Appendix: Name List of Members of the Book-entry T-Bond Underwriting Syndicate

The Ministry of Finance

The People’s Bank of China

The China Securities Regulatory Commission

September 29, 2006

Appendix

Appendix:

Name List of Members of the Book-entry T-Bond Underwriting Syndicate

Sequential No.	Code	Institution Name	Sequential No.	Code	Institution Name
Members of Class A
1	1001	Industrial and Commercial Bank of China Company Limited	31	1055	Changsha Commercial Bank
2	1002	Agriculture Bank of China	32	1062	Wuxi Commercial Bank Ltd.
3	1003	Bank of China Co., Ltd.	33	1092	Zibo Commercial Bank
4	1004	China Construction Bank Corporation	34	1095	Luoyang Commercial Bank
5	1005	Bank of Communications Co., Ltd.	35	1106	Dongguan Commercial Bank
6	1006	China Citic Bank	36	1107	Ningbo Yinzhou Rural Cooperative Bank
7	1009	Hua Xia Bank Co., Ltd.	37	1108	Shanghai Branch of Hong Kong and Shanghai Banking Corporation Limited
8	1014	China Minsheng Banking Corp., Ltd.	38	1109	China Zheshang Bank Co., Ltd.
9	1015	Beijing Bank	39	2001	China Citic Jiantou Securities Co., Ltd.
10	1016	Shanghai Bank	40	2005	Haitong Securities Co., Ltd.
11	1017	Nanjing Commercial Bank	41	2006	Shanghai Securities Co., Ltd.
12	2000	China Galaxy Securities Co., Ltd.	42	2009	Guangfa Securities Co., Ltd.
13	2003	Guotai Junan Securities Co., Ltd.	43	2012	Shenyin & Wanguo Securities Co., Ltd.
14	2047	Citic Securities Co., Ltd.	44	2017	Bohai Securities Co., Ltd.
15	2072	BOC International (China) Limited	45	2021	Changjiang Securities Co., Ltd.
16	2078	Guohai Securities Co., Ltd.	46	2024	Huaxi Securities Co., Ltd.
17	4001	China Life Insurance (Group) Company	47	2041	Ping An Securities Co., Ltd.
Members of Class B			48	2048	Everbright Securities Co., Ltd.
18	1007	China Everbright Bank	49	2049	Guosenxin Securities Co., Ltd.
19	1010	Shanghai Pudong Development Bank	50	2050	China Merchants Securities Co., Ltd.
20	1011	Industrial Bank Co., Ltd.	51	2057	Orient Securities Company Limited
21	1012	China Merchants Bank Co., Ltd.	52	2059	China International Capital Corporation Limited.
22	1013	Shengzhen Development Bank	53	4003	Huatai Property Insurance Co., Ltd.
23	1020	Guangdong Development Bank Co., Ltd.	54	4004	PICC Holdings Company
24	1021	Tianjin Commercial Bank	55	4005	China Ping An Life Insurance Co., Ltd.
25	1022	Shijiazhuang Commercial Bank	56	5003	Changshu Rural Commercial Bank
26	1023	Hangzhou Commercial Bank Co., Ltd.	57	5011	Beijing Rural Commercial Bank
27	1030	Xi’an Commercial Bank	58	5014	Shanghai Rural Commercial Bank
28	1034	Kunming Commercial Bank	Special Members
29	1037	Ningbo Commercial Bank	59	5008	China Postal Savings and Remittance Bureau
30	1041	Huishang Bank	60	6036	National Council for Social Security Funds

CIRCULAR OF MINISTRY OF COMMERCE ON IMPLEMENTING THE PROJECT OF ENCOURAGING INVESTMENT IN CENTRAL-WESTERN REGION

Circular of Ministry of Commerce on Implementing “the Project of Encouraging Investment in Central-Western Region”

Shang Zi Fa [2006] No. 530
September 30, 2006

The competent departments of commerce in all provinces, autonomous regions, municipalities directly under the Central Government,
cities specifically designated in the state plan and Xinjiang Production and Construction Corps, state-level economic and technological
development zones, Haicang Taiwan Businessmen Investment Zone of Xiamen, Jinqiao Export-Oriented Processing Zone of Shanghai, Yangpu
Economic Development Zone of Hainan, Daxie Development Zone and Suzhou Indutrial Park of Ningbo:

For the purpose of implementing the strategic plan of the CPC Central Committee and the State Council for balanced development among
different regions and promoting the gradient transfer of international and eastern China open industries to the Central-Western region,
the Ministry of Commerce decides to implement “the Project of Encouraging Investment in Central-Western Region”.

The main tasks of “the Project of Encouraging Investment in Central-Western Region” are: to take effective measures to support the
geographically preponderant cities in the Central-Western region to create conditions for the gradient transfer of processing trade
from Eastern China; on the basis of state-level economic and technological development zones and advanced provincial ones in Eastern
China as well as in the Central-Western Region, to enhance the mutually beneficial cooperation, promote the industrial optimization
and upgrading of the East and support the provincial development zones in Central-Western Region to undertake the gradient transfer
of international and eastern China open industries; to strengthen the cooperation for promoting investment among the eastern, central
and western regions and give full play to the role of the state-level economic and technological development zones as demonstrator,
radiator and driver in the process of the industrial transfer.

The specific policies and measures of “the Project of Encouraging Investment in Central-Western Region” are as follows:

Support the State-Level Economic and Technological Development Zones in Central-Western Region to enhance the infrastructure construction.

The central government will continue to provide financial subsidies to the infrastructure projects in the state-level economic and
technological development zones, enlarge the scale of financial subsidies on the basis of the 2005 figure and include the development
of distribution facilities, public information platform of distribution, monitoring facilities for export-oriented processing and
online monitoring system of administration of processing trading into the scope of subsidizing interest payment of infrastructure
loans.

Provide policy-based loans for the infrastructure construction of state-level economic and technological development zones in the
Central-Western region and some provincial development zones. China Development Bank will cooperate with Ministry of Commerce in
granting policy-based loans of 15 billion yuan respectively for the infrastructure construction, development planning, environment
improvement, energy conservation and key topic research of the state-level economic and technological development zones in the Central-Western
region and some provincial development zones with good potential and distinctive geographical advantage.

II.

Support “the Project of Encouraging Investment in Central-Western Region” by Special Fund for Foreign Trade Promoting

Include “the Project of Encouraging Investment in Central-Western Region” into the scope of National Foreign Trade Development Foundation
and enlarge the scale of special fund for foreign trade promoting in the Central-Western region correspondingly. Encourage the competent
departments of commerce in the Central-Western region to use the special fund for foreign trade promoting and that for international
market development of the small and medium-sized enterprises and enhance the support for “the Project of Encouraging Investment in
Central-Western Region”.

III.

Carry out Personnel Training for the Gradient Transfer of Industries of the Central-Western Region

Support the state-level economic and technological development zones in the Central-Western region to annually train about 100 thousand
qualified technicians (50000 ones for Central China and Western China respectively), in accordance with the Interim Measures for
the Administration of Special Fund of Business Personnel Training (Shang Cai Fa [2006] No.281) distributed by Ministry of Commerce
and Ministry of Finance and based on the actual needs of the reception of gradient transfer of industries in the Central-Western
region. State-level economic and technological development zones in the Central-Western region shall work out annual technician training
plans according to the practical needs, and those which meet the requirements of national financial subsidies, will be subsidized.

For the purpose of strengthening the cooperation among the eastern, central and western regions, the Ministry of Commerce will organize
the state-level economic and technological development zones in Eastern China to train management personnel and professionals for
those in the Central-Western region, as well as for some export-oriented processing zones and provincial development zones, and provide
financial support for the training, which will involve administration of state-owned assets, social security fund management, finance
and taxation management, investment attraction, land planning, environment protection, energy conservation and the development and
management of the service industry, etc.

The Ministry of Commerce will organize various business personnel training courses and train talents that are much needed in the Central-Western
region.

IV.

Make the Central China Trade and Investment Expo a Success

The relevant ministries and commissions including the Ministry of Commerce will enhance cooperation with the six provinces in Central
China, i.e. Shanxi Province, Henan Province, Anhui Province, Hubei Province, Hunan Province and Jiangxi Province, and, by accentuating
their distinctive features, strengthen investment attraction, jointly build a cooperation platform of investment and trade for “the
Project of Encouraging Investment in Central-Western Region” and make it a grand gathering of displaying the investment environment
of the six provinces, promoting the gradient transfer of industries, expanding domestic and foreign trade and cultivating tourism
as the pillar industry.

Carry out Various Investment Attraction Activities and Promote the Gradient Transfer of Industries

Make full use of the bilateral and multilateral investment promotion mechanism and create more international exchanges of the Central-Western
region; promote the cooperation of the investment attraction organizations among the eastern, central and western regions and support
them to jointly carry out various investment attraction activities.

Promote the state-level economic and technological development zones of the eastern, central and western regions to sign contracts
of gradient transfer of industries for investment promoting and of industrial parks for mutual benefit and cooperation and take various
measures to facilitate their implementation; provide financial support for the investment attraction activities and overseas publicity
work of the Central-Western region in Eastern China, which are organized by China Council for International Investment Promotion
and Investment Promotion Agency of Ministry of Commerce.

Build a public information service platform of investment promoting for the “Project of Encouraging Investment in Central-Western
Region” to provide information service for the interactive cooperation among the eastern, central and western regions.

VI.

Promote Cooperation among the Eastern, Central and Western Regions and Build a Fast Channel of Distribution for the “Project of Encouraging
Investment in Central-Western Region”

Support the Central-Western region to improve port infrastructure and complete the construction of e-port and promote the optimized
allocation of port resources; encourage coastal cities including Shanghai, Guangzhou, Xiamen and Tianjin to strengthen cooperation
in customs clearing through EDI.

Take effective measures to promote the cooperation between the six provinces in Central China and economic development zones in Yangtze
River Delta, Pearl River Delta, Pan-Bohai Region and Southern Fujian, build fast channels of distribution, expedite customs clearance
and promote the construction of modern distribution system that connects east and west, north and south with a view to giving full
scope to the central status of Central China in transportation and distribution.

VII.

Elevate the Capacity of the Central-Western region of Developing High-End Service Industry

Support the Central-Western region to create conditions to accept the offshore outsourcing business of multinational corporations.
Establish service outsourcing bases in cities in the Central-Western region which meet the requirements of outsourcing.

VIII.

Promote the Central-Western Region to Undertake Overseas Contracted Projects and Labour Service Cooperation

Combine the advantage of East China in developing international market and that of the Central-Western region in human resources and
promote cooperation between the Eastern and Central-Western regions in international labour service cooperation and overseas project
contracting.

Encourage the establishment of labour export bases in the central-western areas which are rich in human resources and provide guidance
and financial support for the training of the exported labour.

IX.

Support Energy Conservation in the Central-Western Region

Conduct pilot work of building renewable resource recycling system in key cities of the six provinces in Central China and some western
provinces and, in accordance with relevant regulations, provide financial support for the state-level economic and technological
development zones in the Central-Western region.

Strengthen the free flow of goods and trade in the countryside of the Central-Western region and its informationalization and promote
the building of New Socialist Countryside in the Central-Western region.

Take the tasks as follows in the Central-Western region as priority: to establish countryside business information service centre,
employ part-time township business information assistant, cultivate the ability of core households in the countryside to apply basic
business information and establish business information service system of farm and sideline produce market.

In terms of building and transforming national and interregional wholesale farm produce market and cultivating large enterprises of
farm produce distribution, adopt a policy favourable to the Central-Western region, moderately relax the control of market access,
increase the number of pilot markets and enterprises and raise the standards of financial support.

Ministry of Commerce
2006-09-30

CIRCULAR OF THE MINISTRY OF FINANCE ON PRINTING AND DISTRIBUTING OF FINAL FINANCIAL AND ACCOUNTING STATEMENTS OF ENTERPRISES ABROAD FOR THE YEAR 2006

Circular of the Ministry of Finance on Printing and Distributing of Final Financial and Accounting Statements of Enterprises Abroad
for the Year 2006

Cai Qi [2006] No.341

Relevant departments under the Central Committee of the CPC, relevant ministries and commissions of and relevant institutions directly
under the State Council, General Office of the Standing Committee of National People’s Congress, General Office of the CPPCC, Higher
People’s Courts, Higher People’s Procuratorates, relevant mass organizations, Xinjiang Production and Construction Corps, departments
(bureaus) of the public finance of all provinces, autonomous regions, municipalities directly under the Central Government and cities
specifically designated in the state plan, and relevant enterprises directly under the Central Government:

For the purpose of ensuring correct formulation of accounting statements of enterprises abroad for the year 2006 and keeping breast
in a timely manner of the financial conditions and operating results of state-owned enterprises (administrative organs) abroad, the
Ministry of Finance hereby prints and distributes the Final Financial and Accounting Statements of Enterprises Abroad for the Year
2006 to you all, and related matters are notified as follows:

This set of statements shall apply to state-owned enterprise groups abroad invested and established outside the territory of the People’s
Republic of China or in Hong Kong and Macao Special Administrative Regions, domestic investment entities that have established enterprises
abroad or administrative organs abroad outside the territory of China or in Hong Kong and Macao Special Administrative Regions and
enterprises abroad directly invested and controlled by the domestic investment entities as mentioned above.

The state-owned enterprise groups abroad refer to China Merchant Group Co., Ltd Hong Kong, China Travel Service (Holdings) Hong Kong
Limited, China Resources (Holdings) Co., Ltd, Macao Nam Kwong (Group) Company Limited and relevant local enterprise groups abroad.

Finance and insurance enterprises abroad are not within the scope of filling-in of this set of statements prescribed in the Circular
herein.

II.

This set of statements shall be submitted to a higher body by the state-owned enterprise groups abroad and domestic investment entities
after consolidation or collection of all the accounting statements and materials of enterprises abroad. All state-owned enterprise
groups abroad and domestic investment entities shall, in accordance with the requirements as prescribed in this Circular, carry out
in a serious manner the arrangement and organization of accounting statements of their subordinate enterprises abroad.

III.

The statements of enterprises abroad for the year 2006 of all state-owned enterprise groups abroad and domestic investment entities
shall be filled in on the basis of final accounting results and relevant documents on December 31, 2006. In addition, the work of
typing, examination and approval, and collection shall be done in a serious manner so as to ensure the authenticity, completeness
and legitimacy of the data.

IV.

The Final Financial and Accounting Statements of Enterprises Abroad for the Year 2006 shall be filled in and typed separately for
each enterprise with U.S dollars as the unit of amount. Where other foreign currencies are to be converted into U.S. dollars, the
middle price of the exchange rates of the functional currency declared by the local bank thereabout on December 31, 2006 against
U.S dollars shall be complied with.

This set of statements shall serve as the uniform format of final accounting statements submitted to competent financial authorities
by enterprises abroad. Departments (bureaus) of the public finance of all provinces, autonomous regions, municipalities directly
under the Central Government and cities specially designated in the state plan, departments (entities) directly under the Central
Government and relevant enterprises directly under the Central Government shall, on the basis of errorless examination and verification
of the data of statements of enterprises abroad under their jurisdiction, submit one copy of the following materials to the Enterprise
Department of the Ministry of Finance before July 31, 2007. Enterprises directly under the Central Government shall, while submitting
this set of statements to the Ministry of Finance, submit another copy to the State-owned Assets Supervision and Administration Commission
of the State Council. The specific contents to be submitted are listed as follows:

Collective Accounting Statement (with “1000 U.S. dollars” as the unit of amount). It shall be bound in order of the statement cover,
the tree derivation of enterprises within the scope of compilation (not required of local enterprises), the main form, the attached
table, the table of basic conditions of enterprises abroad, the analytical statement of changes of the number of enterprises within
the scope of compilation. Signature and official seal shall be essential herein.

Notes to the Accounting Statements. See Appendix 3 for details, concrete contents and requirements thereof.

Directions of Financial Conditions, which mainly include the following contents:

(1)

The scope of consolidation or collection of accounting statements of enterprises abroad, the changes of the number of enterprises
in the year 2006 and the causes thereof;

(2)

The basic conditions of production and operation of enterprises abroad;

(3)

The realization and distribution of profits;

(4)

The increase and decrease and turnover of capital;

(5)

Brief analysis of the assets quality of enterprise abroad, such as analysis of the age of accounts receivable and analysis of income
from investment.

(6)

Significant financial transactions of enterprises abroad such as heavy losses of assets, the tendering of external guarantee, transactions
involving unsettled lawsuits and arbitration, mortgage of property and risk businesses beyond the authorized scope of business.

(7)

The tax policy and adjustment of tax payment of the country (region) where the enterprise abroad locates, and

(8)

Other transactions that have significant influences on the financial conditions, operational results and cash flow of the enterprise
as well as other matters that need elaboration and reflection.

Soft disks of collective data and separate data for each enterprise (with U.S. dollar as the unit of amount).

VI.

The software of data processing of the Final Financial and Accounting Statements of Enterprises Abroad for the Year 2006 shall be
separately distributed later.

All entities and regions, where any question emerges in the process of the formulation and submission of the statements, shall contact
the Enterprise Department of the Ministry of Finance in a timely manner.

Appendix:

(1)

Final Financial and Accounting Statements of Enterprises Abroad for the Year 2006 (Omitted)

(2)

Descriptions to the Formulation of Final Financial and Accounting Statements of Enterprises Abroad for the Year 2006 (Omitted)

(3)

Synopsis of the Notes to the Accounting Statements (Omitted)

The Ministry of Finance of the People’s Republic of China

September 30, 2006

The Ministry of Finance
2006-09-30

CIRCULAR OF THE STANDARDIZATION ADMINISTRATION OF CHINA ON THE RELEVANT ISSUES CONCERNING THE IMPLEMENTATION OF THE TWO NATIONAL STANDARDS OF GB317-2006 WHITE SUGAR, ETC.

Circular of the Standardization Administration of China on the Relevant Issues concerning the Implementation of the Two National Standards
of GB317-2006 White Sugar, etc.

Guo Biao Wei Nong Qing [2006] No.71

The related units:

The national standards of GB317-2006 White Granulated Sugar andGB15108-2006 Crude Sugar have been issued on March 31, 2006, and shall
be carried out as of October 1, 2006. And a circular is hereby given on the implementation of the two standards as follows:

As of October 1, 2006, manufacturing enterprises shall strictly carry out the national standards of GB317-2006 White Granulated Sugar
and GB15108-2006 Crude Sugar.

Where the white granulated sugar and crude sugar produced before October 1, 2006 is within the quality guarantee period, shall be
hereabout carried out in accordance with the national standards of GB317-1998 White Granulated Sugar and GB/T 15108-1994 Crude Sugar.

Standardization Administration of China

September 30, 2006

Standardization Administration of China
2006-09-30

SUPPLEMENTARY CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION ON IMPLEMENTING RECORD-KEEPING ADMINISTRATION SYSTEM OF RELEVANT DOCUMENTS FOR TAX REFUND (EXEMPTION) ON EXPORTED GOODS

Supplementary Circular of the State Administration of Taxation on Implementing Record-keeping Administration System of Relevant Documents
for Tax Refund (Exemption) on Exported Goods

Guo Shui Han [2006] No. 904

State Taxation bureaus in all provinces, autonomous regions, municipalities directly under the Central Government and cities specially
designated in the state plan:

In response to the problems reflected after the release of (Interim) Circular of the State Administration of Taxation on Implementing
Record-Keeping Administration System of Relevant Documents for Tax Refund (Exemption) on Exported Goods (Guo Shui Fa [2005] No. 199,
hereinafter referred to as the Circular), after research, a supplementary circular is hereby given as follows:

Documents to be put on file as mentioned in Article 1 of the Circular, mainly refer to documents prescribed in the Contract Law of
the People’s Republic of China or documents stipulated by competent authorities on export trade. Considering that names of documents
to be put on file of some enterprises may be not fully consistent with that stipulated in the Circular, therefore, the appendix to
the Circular, Descriptions to Recording-Keeping of Relevant Documents for Tax Refund (Exemption) on Exported Goods has given a description
of the implications, functions, effects and so on and so forth of relevant documents to be put on file, so that record-keeping administration
in all localities may be carried out in accordance with the principles thereof. Where export enterprises fail to submit documents
to be put on file as is stipulated in the Circular, documents of similar contents or effects shall be provided as documents to be
put on file. Nonetheless, export enterprises that are to put documents on file for the first time shall present grounds in a written
way and furnish formalities of relevant documents to competent tax authorities before they commit record-keeping. Bureaus of State
Taxation in all provinces, autonomous regions, municipalities directly under the Central Government and cities specially designated
in the State plan may also formulate, in light of de facto local conditions, specific provisions on administration of documents to
be put on file in accordance with the rules and principles prescribed in the Circular.

The annex to the Circular, Descriptions to Recording-Keeping of Relevant Documents for Tax Refund (Exemption) on Exported Goods requires
that the “shipping orders of exported goods” have signatures of the Customs. Considering that it is difficult for export enterprises
to secure “shipping orders of exported goods” signed by the Customs, in practical work, provided the “shipping orders of exported
goods” to be put on records of export enterprises are in line with the implications of the Circular, signatures by the Customs shall
not be a prerequisite.

Where documents to be put on file of export enterprises are in the form of electronic data or paperless data, record-keeping can be
taken in two methods:

(1)

Where paperless contracts such as electronic contracts and parol contracts instead of purchase and sale contracts in written form
are concluded by export enterprises, provided they are in accordance with the provisions of the Contract Law of the People’s Republic
of China, electronic contracts shall be printed by export enterprises, parol contracts shall be recorded in written form, be signed
by the handling person to indicate consistency with the facts and be affixed with official seals of enterprises for record.

As for record-keeping of other kinds of documents, in case export enterprises fail to secure paper documents or enterprise self-made
electronic documents on account of the adoption of paperless administration by competent state administrative authorities, export
enterprises may print pertinent electronic data into paper documents, affix them with official seals of enterprises and sign to indicate
the consistency of the printed documents with the original electronic data.

(2)

Aside from parol contracts, as for electronic purchase and sale contracts concluded by export enterprises, documents under paperless
administration by competent state administrative authorities and enterprise self-made electronic documents, export enterprises may
carry out electronic documents record-keeping administration upon application in written form which must be approved by competent
tax authorities, namely, export enterprises may put relevant documents on file in form of electronic documents. Export enterprises
shall guarantee the authenticity of electronic documents on file, back up relevant electronic data in a regular way and, when tax
authorities take documents to be put on file for inspection in accordance with rules and regulations, shall, in response to the requirements
of the said authorities, provide electronic data or paper documents, that is, printed electronic documents affixed with official
seals of enterprises.

As regards businesses of special tax refund policies without involving export of goods, tax refund of the domestic equipment purchases
of enterprises with foreign investment, tax refund of bid-wining electromechanical products, tax refund of power and gas in export
processing zone, for instance, record-keeping administration system of documents shall not be implemented temporarily.

Where documents to be put on file are incomplete after the release of the Circular, export enterprises shall make up for it in accordance
with the provisions of the supplementary circular herein before November 30, 2006.

State Administration of Taxation

September 30, 2006

State Administration of Taxation
2006-09-30

SUPPLEMENTARY CIRCULAR OF SHENZHEN STOCK EXCHANGE CONCERNING THE MATTERS ABOUT THE EQUITY DISTRIBUTION OF LISTED COMPANIES IN THE RULES OF SHENZHEN STOCK EXCHANGE FOR THE LISTING OF STOCKS

Supplementary Circular of Shenzhen Stock Exchange Concerning the Matters about the Equity Distribution of Listed Companies in the
Rules of Shenzhen Stock Exchange for the Listing of Stocks

Each listed company,

For the purpose of regulating the suspension or termination of the listing of stocks of listed companies and clarifying the explicit
requirements for the equity distribution of listed companies, relevant issues are hereby announced concerning the equity distribution
of listed companies as described in Subparagraph (4) of Article 14 .1.1 and Subparagraph (10) of Article 14 .3.1 in the Rules of
Shenzhen Stock Exchange for the Listing of Stocks (hereinafter referred to as the Rules for the Listing of Stocks) in accordance
with Article 19 .2 of the Rules for the Listing of Stocks:

The circumstance that a listed company fails to meet the listing requirements any more due to alterations of equity distribution means
that: the shares held by the general public are not more than 25 percent of the total shares of the company; or are not more than
10 percent of the total shares of the company while the total stock capital of the company exceeds RMB 0.4 billion.

The general public does not include:

(1)

a shareholder that holds 10 percent or more shares of a listed company as well as its coordinated actors; and

(2)

directors, supervisors, senior mangers of the listed company, as well as the related parties thereof.

If a listed company has alterations of the equity distribution and then it does not satisfy the listing requirements any more for
20 successive trading days, the listing and trading of its shares shall be suspended by this Exchange. If the said company fails
to meet the listing requirements within 12 months as of the date when the listing and trading of its shares is suspended by this
Exchange, the listing and trading of its shares will be terminated by this Exchange. The said company can bring forward rectification
plans within the aforesaid period and resume the listing and trading of its shares after reporting to this Exchange for approval
so as to meet the listing requirements, nevertheless, a warning of delisting risk for the trading of its shares will be given. The
related operational procedures shall be governed by the related provisions in the Rules for the Listing of Stocks.

Please abide hereby.

Shenzhen Stock Exchange

August 30, 2006

Shenzhen Stock Exchange
2006-08-30

CIRCULAR OF THE STATE COUNCIL ON STRENGTHENING LAND CONTROL

Circular of the State Council on Strengthening Land Control

Guo Fa [2006] No. 31

The people’s governments of all provinces, autonomous regions and municipalities directly under the Central Government and all the
ministries and commissions and institutions directly under the State Council,

The CPC Central Committee and the State Council pay great attention to the land administration and control. Such aspects as strict
law enforcement of land, intensification of the planning administration, guaranty of the peasants’ rights and interests, promotion
of intensive utilization of land and improvement of the responsibility bylaws have been comprehensively stipulated in the Decision
of the State Council on Furthering the Reform and Rigidly Intensifying the Land Administration (Guo Fa [2004] No. 28), which was
issued in 2004. All the localities and departments have adopted the related measures for effective implementation and made some achievements
as well. However, some new trends and problems arise in land administration, especially the land control, namely, the overgrowth
of the aggregation of construction land, the over-expansion of low-cost industrial land, illegal or irregular use of land, and reckless
occupation of useable farmland are hard to be banned despite every effort, so the land restriction remains an arduous work. For the
purpose of further implementing the concept of scientific development and ensuring the sustainable development of economy and society,
more rigid measures for administration shall be adopted to enhance the land control earnestly. Therefore, related issues are hereby
notified as follows:

Further Specifying the Responsibility of Land Administration and Protection of Useable Farmland Protection

The principals of the local people’s governments at all levels shall be wholly responsible for the reservation amount of useable farmland,
protection area of basic farmland, overall planning of land use and annual plan of implementation within their administration localities.
The controlling indicators of new construction land use (including the occupied agricultural land and undeveloped land) shall be
incorporated into the annul plan of land use and the an annual plan examination of land use, land administration and object examination
of the responsibility of useable farmland protection shall be based on the actual reservation amount of useable farmland and the
area of new construction land. Where there is any actual land use in excess of the planned quota in the current year, the planned
quota of the following year shall be deducted correspondingly. The Ministry of Land and Resources shall strengthen the examination
of actual construction land use and land expropriation.

The mode of examination and approval of the land used for urban construction shall be adjusted subject to the principle of consistency
between power and responsibilities. Within the scope of the land used for urban construction as determined in an overall plan of
land use, the change of agricultural land use and land expropriation shall be changed from examined and approved in batches by the
State Council to the annual submission after summarized by the people’s government at the provincial level, which shall, upon the
examination and approval of the Ministry of Land and Resources as well as the State Council, be carried out specifically by the people’s
government at the provincial level, and then an implementation scheme shall be submitted to the Ministry of Land and Resources for
filing.

The accountability system shall be implemented vigorously. In case of any serious consequence resulted from law-breaking or rule-breaking
land use within any administrative region, if the related organ fails to prevent the aforesaid problems or fails to investigate and
deal with them, even has any concealment or hiding of such problems, the responsibilities of the related principal of the local people’s
government shall be investigated. The Ministry of Supervision and the Ministry of Land and Resources shall attach great importance
to perfect the measures for prosecuting into the responsibilities of those principals liable for any law-breaking or rule-breaking
land use.

Earnestly Guaranteeing the Long-term Livelihood of the Rural Residents Whose Land Has Been Expropriated

The allocation of compensation for land expropriation shall be performed under the principles of ensuring the original living conditions
of the rural residents whose land has been expropriated and guaranteeing their long-term livelihood. All the localities shall seriously
implement the provisions of the Document (Guo Ban Fa [2006] No. 29) and do well the employment training as well as social security
of the rural residents whose land has been expropriated. The social security premiums of these rural residents shall be incorporated
into the expenses for compensation and relocation upon land expropriation subject to related provisions and the unbalanced part shall
be supplemented by the local people’s government by means of the incomes as generated from the paid use of state-owned land. No land
requisition may be approved in the absence of a full contribution of the social security premiums.

Regulating the Administration of Revenue and Expenditures in Land Alienation

The total price of the alienation of the state-owned land use right shall be incorporated into the local budgets in full amount, and
then be turned over into the state treasury and be subject to the separate administration of revenue and expenditures. The total
price of land alienation must, in full amount, be firstly applied to pay the expenses for land compensation, relocation subsidies
and above-ground fixtures as well as the expenses for young seeds, expenses for housing demolition and subsidies for the unbalanced
part as to the social security premiums of related rural residents. The rest part shall be used for raising the proportion of the
expenses for agricultural land development and rural infrastructure construction, for the construction of renting affordable housing
and construction of the supporting facilities for the improvement of utilization functions of state-owned land.

Adjusting the Related Policies for Taxes and Fees for Construction Land Use

To enhance the standards for paying the fees for compensated use of new construction land. The payment scope of the fees for compensated
use of new construction land shall be determined according to the area of construction land actually added. The fees for compensated
use of new construction land shall be used exclusively for the construction and protection of basic farmland, land sort-out and development
of the useable farmland. Any illegal deduction or defaulted payment of the fees for compensated use of new construction land shall
be checked and recovered within a time limit. In particular, any deducted or exempted or defaulted amount upon the distribution of
the Document (Guo Fa [2004] No. 28) shall be cleared up before the end of this year. If it fails to clear up within the time limit,
the related inspection and approval for land use shall be suspended. The Ministry of Finance shall, jointly with the Ministry of
Land and Resources, promptly formulate the paying standards for compensated use of new construction land and the specific measures
for proper adjustment, as well as further improve and perfect the administration of distribution and utilization of the fees for
compensated use of new construction land.

The Ministry of Finance and the State Administration of Taxation shall, jointly with the Ministry of Land and Resources as well as
the Office of Legitimate Affairs, promptly formulate the specific measures for improving the standards of collecting the taxes on
urban land use and on occupation of useable farmland. The departments of finance and taxation shall enhance the collection and administration
of taxes and rigidly control the tax deduction and exemption.

Establishing a System for Uniformly Publicizing the Standards for Minimum Price for Industrial Land Alienation

The state shall uniformly formulate and publicize the minimum rates for industrial land alienation for all localities in accordance
with the grade of land as well as the policies for regional land use. The minimum rates for industrial land alienation shall not
be less than the sum of the cost of obtaining land, the cost of land development in the prior period and the related expenses as
collected in light of related provisions. The industrial land must be transferred by means of bid tendering, auction or hanging out
a shingle at a price not less than the minimum rates as publicized. Where any land is transferred at a price no more than the rates
for the industrial land alienation, or any subsidy or refund is given in any form, within the range of illegally transferring the
state-owned land use right, for which the person concerned shall be investigated of legal liabilities subject to related laws.

Prohibiting any Unauthorized Transition of Agricultural Land into Construction Land

The transition of agricultural land into construction land, must conform to the overall planning of land use, overall urban planning,
planning of villages and towns, and must be included into the annual plan of land use and go through the formalities for examination
and approval of a transition of agricultural land use according to related laws. Using agricultural land as collectively owned by
rural residents to carry out any non-agricultural construction by way of lease instead of expropriation or expanding the scale of
construction land without authorization shall be prohibited. The circulation of the use right of construction land under a collective
ownership of rural residents must be consistent with the planning and be strictly limited within the range of construction land as
legally obtained. If it fails to go through the formalities for inspection and approval of a transition of agricultural land, or
any functionary of the government organ approves any construction land by way of lease instead of expropriation, it is an illegal
distribution of land. Where any entity or individual unlawfully occupies any land for construction by way of lease instead of expropriation,
it is an illegal occupation of land, for which the person concerned shall be investigated of legal liabilities subject to related
laws.

Strengthening the Surveillance and Examination of Land Administration

The government organs of land surveillance shall sincerely perform its functions and duties as distributed by the State Council and
strengthen the surveillance and examination of land administration by the local people’s government. With respect to any law-breaking
or rule-breaking problem found in the surveillance and examination, related opinions on correction or rectification shall be timely
brought forward. In case any correction or rectification fails to be exerted to a full extent, correction and rectification shall
be ordered within a time limit in accordance with related provisions. During the period of correction and rectification, the transition
of agricultural land and land expropriation in this region shall be suspended.

The administrative organs of land and resources as well as the personnel thereof shall rigidly carry out the related laws and regulations
as well as guidelines and policies for state land administration, perform administration subject to related laws and be responsible
for the genuineness and legality of land use. Where anyone neglects his duties and functions, abuses his official capacities, commits
irregularities for personal interests or fails to implement or comply with the related laws and regulations on land administration,
the liable principals and personnel shall be investigated of legal liabilities in accordance with related laws and regulations.

Severely Punishing any Law-breaking or Rule-breaking Act of Land Use

If any functionary of the government organ illegally approves any expropriation or occupation of land or illegally alienation the
state-owned land use right at a low price, thereby breaking the criminal law, criminal liabilities shall be investigated. If it fails
to perform the state policies for land control, approves any quota-overstepping land use, fails to pay the fees for compensated use
of new construction land or other due taxes and fees within a time limit, fails to pay in full amount the fees for compensation and
relocation upon land expropriation within a time limit before conducting expropriation, or illegally changes the location of any
basic farmland by adjusting an overall planning of land use in order to avoid a report of occupying the basic farmland for construction
to the State Council for inspection and approval subject to related laws, the person concerned shall be investigated of administrative
liabilities.

The coordination mechanism of investigating into and punishing the illegal acts in any land case shall be improved and the strength
of investigating into and punishing any law-breaking or rule-breaking act of land use shall be enhanced. The Ministry of Supervision
shall, jointly with the Ministry of Land and Resources, conduct special actions emphasizing on investigation into and punishment
of any act of unlawful approval for land use, land use without any approval, over-use of land than what has been approved or illegal
alienation of state-owned land use right at a low price. Any major law-breaking or rule-breaking case of land use shall be disposed
publicly. If any crime is committed, it shall be transferred to the judicial organ for investigation of criminal liabilities.

All the localities and departments shall, taking Deng Xiaoping’s theory and the important thoughts of Three Represents as our guide,
fully implement the concept of scientific development, completely understand the importance of applying the strictest bylaws of land
administration and closely follow and resolutely implement all the measures of the Central Government for strengthening the land
control. All the localities shall perform this Circular while making an overall self-examination on the land administration and use
since the implementation of the Document (Guo Fa [2004] No. 28) and seriously punish any law-breaking or rule-breaking act as checked
out. The National Development and Reform Commission, the Ministry of Supervision, the Ministry of Finance, the Ministry of Labor
and Social Security, the Ministry of Land and Resources, the Ministry of Construction, the Ministry of Agriculture, the People’s
Bank of China, the State Administration of Taxation, the Statistics Bureau and the Office of Legislate Affairs, etc. shall go about
their respective terms of references, coordinate with each other closely, formulate the related supporting documents for the implementation
of this Circular and jointly improve the land control. The Ministry of Land and Resources shall, jointly with the Ministry of Supervision
and other related departments, do a good job in the surveillance and examination of the implementation of this Circular. All the
localities and departments shall submit the implementation of this Circular to the State Council before the end of 2006.

The State Council

August 31, 2006

The State Council
2006-08-31

ANNOUNCEMENT NO.50, 2006 OF THE GENERAL ADMINISTRATION OF CUSTOMS OF THE PEOPLE’S REPUBLIC OF CHINA

Announcement No.50, 2006 of the General Administration of Customs of the People’s Republic of China

[2006] No.50

In accordance with the decision, the Customs Tariffs Committee imposed antidumping duty on imported Phenols from Japan, ROK, US and
Taiwan region of China, and the General Administration of Customs issued Announcement No. 3, 2004 therefor. In December, 2005, the
Ministry of Commerce decided to investigate the antidumping duty measure imposed on imported Phenols from LG Petrochemical Co. Ltd
of POK, and the General Administration of Customs issued Announcement No. 60, 2005 therefor, which stipulated that the Customs shall
levy antidumping deposit on the imported Phenols from LG Petrochemical Co. Ltd of POK which applied for import. In accordance with
the investigation result of new exporter review, the Customs Tariffs Committee of the State Council decided to adjust the anti-dumping
duty rate of imported Phenol from LG Petrochemical Co., Ltd. Under Announcement No. 64, 2006 of the Ministry of Commerce, the relevant
matters in respect of the implementation of the Customs are hereby notified as follows:

As from September 5, 2006, while applying for importing Phenol from LG Petrochemical Co., Ltd., the anti-dumping deposit money shall
not be imposed in accordance with regulations of Announcement No. 60, 2005 of the General Administration of Customs.

As from September 5, 2006, while applying for importing Phenol from LG Petrochemical Co., Ltd., the anti-dumping duty rate shall be
adjusted from 16% to 0%. The exceeding part of the already paid anti-dumping deposit money could be returned by the local Customs
in 6 month as from September 5, 2006.

The anti-dumping duties on imported Phenol from Japan, ROK, the U.S. and Taiwan region of China shall still follow Announcement No.
3, 2004 of the General Administration of Customs.

Appendix: Announcement No. 64, 2006 of Ministry of Commerce of PRC

General Administration of Customs of PRC

September 1, 2006

General Administration of Customs of PRC
2006-09-01

CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION CONCERNING RELATED SPECIFIC ISSUES IN RESPECT OF THE IMPLEMENTATION OF THE POLICIES ON ADJUSTING THE WAGES SUBJECT TO ENTERPRISE INCOME TAX

Circular of the State Administration of Taxation concerning Related Specific Issues in respect of the Implementation of the Policies
on Adjusting the Wages Subject to Enterprise Income Tax

Guo Shui Fa [2006] No. 137

The state taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central
Government, and cities specifically designated in the state plan:

Upon approval of the State Council, the quota of taxable wages to be deducted before the levy of enterprise income tax shall be uniformly
adjusted into RMB 1,600 per person per month as of July 1, 2006, and the policy of upward floating at 20 percent shall be halted
from implementation simultaneously. For the purpose of guaranteeing the smooth implementation of this policy from the second half
of this year, the relevant issues in the specific implementation are hereby announced as follows in accordance with the spirit of
the Circular of the Ministry of Finance and the State Administration of Taxation on Adjusting the Policies on the Deduction of Wage
Expenditures Prior to the Levy of Enterprise Income Taxes (Cai Shui [2006]) No. 126):

Adjusting the rate for deduction of taxable wages before the levy of tax is a specific measure for the effective implementation of
the spirit of the Central Economic Working Conference, and an important policy adjustment before the reform of combination of the
two laws concerning enterprise income tax as well, which is advantageous for reducing the tax burden gap between Chinese-funded enterprises
and foreign-funded enterprises, and achieving impartial competition gradually. This policy adjustment is of great significance, and
affects the interests of the taxpayers. Consequently, the taxation organs at each level shall attach great importance to the effective
implementation of the policies, publicize the new policies on taxable wages in a timely, comprehensive and deep manner, ensure that
the taxpayers understand the spirit of the new policies as soon as possible and then file returns of prepayable enterprise income
tax under the new policies.

The taxation organs at each level, especially the grass-roots taxation organs, shall promptly devote into the policy adjustment, ensure
the effective implementation of the new policies on taxable wages within this year, in order that the taxpayers may enjoy the preferences
from the policy adjustment on taxable wages by the end of December.

(1)

All grass-roots taxation organs shall assess the amounts of reduced enterprise income taxes carefully as a result of policy adjustment
on taxable wages, and shall adjust prepayable amounts declared by the taxpayers in each month (quarter) from July to December of
this year based on the assessment.

(2)

The issues on the enterprises that prepay taxes at the actual amount for the term of tax payment shall be handled separately according
to such two circumstances:

(a)

In case an enterprise prepays enterprise income tax on a monthly basis, it shall calculate and deduct the prepaid amount at the deduction
proportion as assessed under the aforesaid requirements when filing returns of the prepayable taxes in each month from September
to December of this year. And the enterprise shall file returns of prepayable taxes of September together with calculating the reduced
amounts of July and August, which shall be used to offset the prepayable taxes of September, while the insufficient part shall be
offset by the prepayable taxes of the subsequent months in this year until it is fully offset. The enterprise shall file returns
of prepayable taxes of November in December together with calculating the reduced amount of December, which shall be used to offset
the prepayable taxes of November, while the tax refund procedures for the insufficient part shall be completed by the end of December.

(b)

In case an enterprise prepays enterprise income tax on a quarterly basis, it shall calculate the reduced amount of the fourth quarter
in addition to calculating the reduced prepayable amount of the third quarter at the assessed proportion of reduction when filing
returns of the prepayable enterprise income tax of the third quarter. The reduced prepayable amount shall be used to offset the prepayable
taxes of the third quarter, while the tax refund procedures for the insufficient part shall be completed by the end of December.

(3)

The issues on the enterprises that prepay taxes at a certain proportion of the amount of taxable income in the last year shall be
handled separately according to such two circumstances:

(a)

In case an enterprise prepays enterprise income tax on a monthly basis at 1/12 of the amount of taxable income of the last year, it
shall reduce the prepayable amount in each month at the same proportion of reduction as assessed in light of the aforesaid requirements,
and the reduced amount of prepayable taxes of July and August shall be calculated and reduced simultaneously in September. If the
reduced amount as calculated is negative, the part excessive to the amount of prepayable taxes of September shall be reduced continuously
when the returns of prepayable taxes in the subsequent months are filed, until the said amounts are completely offset. The enterprise
shall file returns of prepayable taxes of November in December together with calculating the reduced amount of December, and use
the said amount to offset the prepayable taxes of November.

(b)

The matter concerning an enterprise that prepays enterprise income tax on a quarterly basis at 1/4 of the amount of taxable income
of the last year shall be handled in the way subject to Subparagraph 2 of Paragraph (2) in this Article.

(4)

The issues on the enterprises, the taxes of which are levied based on verification, shall be handled separately according to such
two circumstances:

(a)

As for the approved rate of taxable income, the rate shall be lowered accordingly at the proportion of reduction as assessed under
the aforesaid requirements, the reduced amount after the rate of taxable income is lowered shall be calculated, and the issue shall
be handled in the way subject to Paragraph (2) of this Article.

(b)

As for the approved amount of payable income taxes, the quota of each month shall be reduced accordingly at the proportion of reduction
as assessed under the aforesaid requirements, and the issue shall be handled in the way subject to Paragraph (2) of this Article.

The amount of tax reduction of the taxpayers occurring due to the policy adjustment on taxable wages shall be incorporated into the
range of final settlement and payment after the end of this year, and be subject to final settlement and payment together with others.

The taxation organs at each level shall rigidly carry out these policies, and may not illegally raise the rate of taxable wages or
provision the floating proportion for the certain regions under any excuses or in any form after the new policies on taxable wages
come into force. If the taxable wage rates are higher than the uniformly prescribed rate of the state in practical implementation,
it shall be remedied promptly. You shall strictly implement the applicable scope of the policies on taxable wages by connection of
wages with performance. No enterprise may adopt the method of connecting wages with performance except for the state-owned and state-holding
industrial and commercial enterprises, and financial and insurance enterprises that implement the policies on taxable wages by connecting
wages with performance and are restructured or reformed into joint stock enterprises upon examination and approval of the Ministry
of Finance and the State Administration of Taxation.

Where there is any question arising from the implementation of the new policies on taxable wages, it shall be timely reported to the
State Administration of Taxation.

The State Administration of Taxation

September 1, 2006

The State Administration of Taxation
2006-09-01

CIRCULAR OF THE MINISTRY OF FINANCE AND THE STATE ADMINISTRATION OF TAXATION OF THE PEOPLE’S REPUBLIC OF CHINA ON EXTENDING THE PREFERENTIAL TAXATION POLICIES ON POULTRY INDUSTRY

Circular of the Ministry of Finance and the State Administration of Taxation of the People’s Republic of China on Extending the Preferential
Taxation Policies on Poultry Industry

Cai Shui [2006] No. 113

The Financial departments (bureaus), state taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities
directly under the central government and cities specifically designated in the state plan, and financial bureau of Xinjiang Production
and Construction Corps:

For purposes of preventing highly pathogenic avian influenza epidemic and continuing to support development of poultry industry, related
issues on tax of poultry industry are now announced as follows in accordance with spirit of Circular of General Office of the State
Council on Extending the Duration of Support Policies of Poultry Industry (Guo Ban Fa Ming Dian [2006] No.26):

As from Jul 1, 2006 to Dec 31, 2006, value-added tax payers of poultry-processing industry and cold storage industry may enjoy instant
refund of value-added tax when processing and selling poultry industry, and are exempted from urban maintenance and construction
tax as well educational surcharge.

The income from poultry raising (including breeding poultry raising), processing and cold storage shall be exempted from enterprise
income tax of 2006.

The financial special subsidy of enterprise and individual from poultry cull shall be exempted from enterprise income tax or individual
income tax; all net loss caused by poultry cull shall be permitted to be listed in pre-tax expenditure.

The reduced value-added tax and income tax shall be dealt with in accordance with the current financial system.

All refunds after export of processed poultry products shall be sent back in time.

If approved by People’s Government of provinces, autonomous regions and municipalities, enterprises and individuals operating poultry
(including breeding poultry) industry, poultry processing industry and cold storage industry may enjoy an exemption of a reasonable
part of city and town land use tax, real estate tax, and vehicle and vessel usage tax in 2006.

Financial and tax departments at all levels shall earnestly implement the preferential taxation polices on poultry industry, so as
to build up a sound environment for sustainable, stable and healthy development for poultry industry. All taxation organs shall optimize
taxation service, enhance tax management of instant refund of poultry industry, make good use of information of tax and refund declaration
of the tax management and imposing system, so as to carry out tax evaluation in accordance with data of practical producing capacity
and sales. During the tax evaluation, related departments shall enhance analysis on producing capacity and sales, relations of input
and output as well as status of special invoices, preventing phenomenon of false invoice. If encounter any problem in tax evaluation,
please transmit to department of tax inspection in time.

Urgent Circular of Ministry of Finance and State Administration of Taxation on Preferential Taxation Policies on Poultry Industry
(No.166, 2005) will be terminated at the same time.

The Ministry of Finance

The State Administration of Taxation

Sep 4, 2006

The Ministry of Finance, the State Administration of Taxation
2006-09-04

12 Page 1 of 2

Estate Tax

CIRCULAR OF THE MINISTRY OF FINANCE AND PEOPLE’S BANK OF CHINA CONCERNING CONFIRMING THE QUALIFICATIONS OF THE MEMBERS OF...

CATALOGUE OF PRIORITY INDUSTRIES FOR FOREIGN INVESTMENT IN LIAONING PROVINCE

CIRCULAR OF THE MINISTRY OF FINANCE, PEOPLE’S BANK OF CHINA, AND CHINA SECURITIES REGULATORY COMMISSION CONCERNING THE CONFIRMATION OF THE QUALIFICATIONS OF THE MEMBERS OF THE BOOK-ENTRY T-BOND UNDERWRITING SYNDICATES

CIRCULAR OF MINISTRY OF COMMERCE ON IMPLEMENTING THE PROJECT OF ENCOURAGING INVESTMENT IN CENTRAL-WESTERN REGION

CIRCULAR OF THE MINISTRY OF FINANCE ON PRINTING AND DISTRIBUTING OF FINAL FINANCIAL AND ACCOUNTING STATEMENTS OF ENTERPRISES ABROAD FOR THE YEAR 2006

CIRCULAR OF THE STANDARDIZATION ADMINISTRATION OF CHINA ON THE RELEVANT ISSUES CONCERNING THE IMPLEMENTATION OF THE TWO NATIONAL STANDARDS OF GB317-2006 WHITE SUGAR, ETC.

SUPPLEMENTARY CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION ON IMPLEMENTING RECORD-KEEPING ADMINISTRATION SYSTEM OF RELEVANT DOCUMENTS FOR TAX REFUND (EXEMPTION) ON EXPORTED GOODS

SUPPLEMENTARY CIRCULAR OF SHENZHEN STOCK EXCHANGE CONCERNING THE MATTERS ABOUT THE EQUITY DISTRIBUTION OF LISTED COMPANIES IN THE RULES OF SHENZHEN STOCK EXCHANGE FOR THE LISTING OF STOCKS

CIRCULAR OF THE STATE COUNCIL ON STRENGTHENING LAND CONTROL

ANNOUNCEMENT NO.50, 2006 OF THE GENERAL ADMINISTRATION OF CUSTOMS OF THE PEOPLE’S REPUBLIC OF CHINA

CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION CONCERNING RELATED SPECIFIC ISSUES IN RESPECT OF THE IMPLEMENTATION OF THE POLICIES ON ADJUSTING THE WAGES SUBJECT TO ENTERPRISE INCOME TAX

CIRCULAR OF THE MINISTRY OF FINANCE AND THE STATE ADMINISTRATION OF TAXATION OF THE PEOPLE’S REPUBLIC OF CHINA ON EXTENDING THE PREFERENTIAL TAXATION POLICIES ON POULTRY INDUSTRY

CONSTITUTION ACT, 1982 – page 22

CONSTITUTION ACT, 1982 – page 21

CONSTITUTION ACT, 1982 – page 20

CONSTITUTION ACT, 1982 – page 19

CONSTITUTION ACT, 1982 – page 18

CONSTITUTION ACT, 1982 – page 17

CONSTITUTION ACT, 1982 – page 16

CONSTITUTION ACT, 1982 – page 12

CONSTITUTION ACT, 1982 – page 11

CONSTITUTION ACT, 1982 – page 10

CONSTITUTION ACT, 1982 – page 9

CONSTITUTION ACT, 1982 – page 8

CONSTITUTION ACT, 1982 – page 7