SUPPLEMENTARY PROVISIONS TO THE PROVISIONAL REGULATIONS ON INVESTMENT IN CINEMAS BY FOREIGN INVESTORS

the State Administration of Radio, Film and Television

Order of the State Administration of Radio, Film and Television

No. 49

The Supplementary Provisions to the Provisional Regulations on Investment in Cinemas by Foreign Investors, which were deliberated
and adopted by the State Administration of Radio, Film and Television, the Ministry of Commerce and the Ministry of Culture of the
People￿￿s Republic of China, are hereby promulgated and shall come into force as of May 8, 2005.

Wang Taihua, the Director General of the State Administration of Radio, Film and Television

Bo Xilai, the Minister of the Ministry of Commerce of the PRC

Sun Jiazheng, the Minister of the Ministry of Culture of the PRC

April 8, 2005

Supplementary Provisions to the Provisional Regulations on Investment in Cinemas by Foreign Investors

In order to promote the establishment of closer economic partnership between Hong Kong, Macao and the Mainland of China and encourage
the service providers from Hong Kong and Macao to set up enterprises engaging in film showing business in the Mainland of China,
the supplemental provisions on the investment in cinemas by service providers from Hong Kong and Macao as provided for in the Provisional
Regulations on Investment in Cinemas by Foreign Investors (Order No. 21 of the State Administration of Radio, Film and Television,
the Ministry of Commerce and the Ministry of Culture) and in the Attachment thereof are formulated according to the Supplementary
Protocol to the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Supplementary Protocol to the Mainland and
Macao Closer Economic Partnership Arrangement as approved by the State Council.

1.

As of January 1, 2005, the service providers from Hong Kong and Macao shall be permitted to build, reconstruct and operate cinemas
in the Mainland of China in the form of equity joint venture, contractual joint venture or solely-funded enterprise.

2.

The service providers from Hong Kong and Macao as provided for in the present Provisions shall comply with the definitions and the
relevant requirements in the Mainland and Hong Kong Closer Economic Partnership Arrangement and the Mainland and Macao Closer Economic
Partnership Arrangement respectively.

3.

Other matters on investment in cinemas by service providers from Hong Kong and Macao in the Mainland of China shall still follow the
Provisional Regulations on Investment in Cinemas by Foreign Investors.

4.

The present Provisions shall come into force as of May 8, 2005.