Notice of the State Administration of Foreign Exchange on Issuing the Measures for the Administration of Domestic Foreign Exchange Accounts of Foreign-invested Enterprises

Article 1 In order to strengthen and improve the management of domestic foreign exchange accounts of foreign-invested enterprises and facilitate the normal operation of foreign-invested enterprises, these Measures are formulated in accordance with national laws and regulations on foreign exchange management. Article 2 The term "domestic foreign exchange accounts" as mentioned in these Measures refers to banks or non-bank financial institutions that engage in foreign exchange business in China with the approval of foreign-invested enterprises (hereinafter referred to as foreign exchange accounts opened by banks, excluding foreign exchange certificate accounts). Article 3 The State Administration of Foreign Exchange and its branches (hereinafter referred to as the foreign exchange administration department) are the administrative organs of foreign exchange accounts of foreign-invested enterprises in China. Article 4 When applying for opening an account with a bank after obtaining a business license, a foreign-invested enterprise shall submit the following documents and fill in the Registration Card for Basic Information of Foreign-invested Enterprises.

1. Approved contracts, articles of association or relevant agreements of foreign-invested enterprises;

2. A copy of the business license issued by the administrative department for industry and commerce;

3. A copy of the approval certificate issued by the competent economic and trade department;

4. An application for opening a foreign exchange account with the official seal of the enterprise;

The bank that opens an account shall open an account immediately after reviewing the relevant laws and regulations of the state on foreign exchange management. Article 5 A bank shall, within 20 days after opening a foreign exchange account for an enterprise, submit a copy of the above-mentioned materials of the enterprise, the basic information registration card of the enterprise, and the currency and account number of the account opened by the enterprise to the foreign exchange administration department for the record. Article 6 A foreign-invested enterprise shall choose a bank to open a foreign exchange account. If it is necessary to open an account with two or more banks or cross-regional foreign exchange accounts, an application must be made to the foreign exchange administration department where the enterprise is located, and it shall not be handled without the approval of the foreign exchange administration department. Article 7 Unless approved by the foreign exchange administration department, all income of an enterprise must be deposited in a domestic foreign exchange account, and all foreign exchange expenditures must be paid from the domestic foreign exchange account. Article 8 Unless otherwise stipulated by the foreign exchange bureau, the normal business expenses of a foreign-invested enterprise may be remitted directly through the bank where the account is opened on the basis of relevant business payment vouchers; Remittance of foreign exchange profits and other foreign exchange gains after foreign investors pay taxes according to law shall be handled directly through the account-opening bank on the basis of the profit distribution resolution of the board of directors of the enterprise and the tax payment certificate, and the account-opening bank shall affix its official seal to the tax payment certificate. Article 9 Unless otherwise stipulated by the foreign exchange administration department, the following expenditures of an enterprise shall be approved by the foreign exchange administration department before they can be handled:

1. Transfer of foreign exchange funds of foreign investors and remittance of foreign exchange funds after liquidation according to law;

2. Remittance of funds or working capital required by branches or offices established overseas upon approval; Article 10 The remittance of overseas loans and debt repayment funds of foreign-invested enterprises shall be handled in accordance with the Interim Provisions of the State Administration of Foreign Exchange on Foreign Debt Statistics and Monitoring. Article 11 Enterprises with foreign investment shall not lend domestic foreign exchange accounts or handle receipts and payments on behalf of others. Article 12 An account-opening bank shall handle the receipt, payment and use of funds in domestic foreign exchange accounts of foreign-invested enterprises in strict accordance with these Measures. If these measures are not implemented, the foreign exchange administration department will deal with them until the bank's right to open an account is cancelled. Thirteenth foreign exchange management departments have the right to check the use of foreign exchange accounts of enterprises, and enterprises that violate these measures should be dealt with according to relevant laws and regulations of the state. Article 14 The State Administration of Foreign Exchange shall be responsible for the interpretation of these Measures. The foreign exchange administrations of special economic zones may formulate detailed rules for implementation according to these measures and local conditions, and report them to the State Administration of Foreign Exchange for the record. Fifteenth these Measures shall be implemented as of the date of arrival.

Annex II: Registration Card of Basic Information of Foreign-invested Enterprises (page 1)

Enterprise name: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

___________

Enterprise address: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

___________

Director Dong: _ _ _ _ _ _ _ _ Deputy Director: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Manager: _ _ _ _ _ _ _ _ Tel: _ _ _ _ _ _ _ _ _ Tel: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Relevant personnel: _ _ _ _ _ _ _ _ _ _ _

Deputy General Manager: _ _ _ _ _ _ _ _ _ _ _

Number of employees: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

______

Chinese party to the joint venture: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

______

Foreign party: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Foreign countries: () _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Date of signing the contract: _ _ _ _ _ _ _ Term of the contract: _ _ _ _ _ _ _

______

The official opening date of the enterprise is _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ day

Approved headcount: _ _ _ _ _ _ _ _ _ _ _ _ _

_______________

Authentication number: _ _ _ _ _ _ _ _ _ _ _ _

_______________

Date: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ days

Approved business unit: _ _ _ _ _ _ _ _ _ _ _ _

_____

Authentication number: _ _ _ _ _ _ _ _ _ _ _ _

_____

Date: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Enterprise: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Camp 3, foreign investment)

Project: _ _ _ _ _ _ _ _ _ _ _ _ _ _ Project: _ _ _ _ _ _ _ _ _ _ _ _ _

Registration card for basic information of foreign-invested enterprises (page 2)

Unit: ten thousand dollars

Total investment: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _.

Registration card for basic information of foreign-invested enterprises (page 3)

Unit: ten thousand dollars

Foreign exchange surplus (1) foreign exchange surplus; (2) foreign exchange balance; (3) Foreign exchange shortage: _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ China. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Remarks:

The third page is the cumulative number.