Pre-purchase evaluation. 1. If the invested state-owned enterprise is a first-class state-owned enterprise, it shall make foreign investment according to the investment plan of this year audited by the state-owned assets management department. If the investment project is within the annual investment plan, no additional approval is required. If the investment project is not included in the annual investment plan, the state-owned enterprise to be invested shall be reported to the state-owned assets management department for approval. 2. If the invested state-owned enterprise is a state-owned enterprise below the second level (that is, the shareholders are state-owned enterprises), its foreign investment plan must generally be approved by its superior company.