Procedures to Proceed <1>

    -Feasibility study report drafted by each party and respective approval;

    -Photo copy of Identity certification and personal information

    A joint review and approval operation is provided by Taiyuan municipality for foreigner-invested projects. The operation is headed by Taiyuan Foreign Trade & Economic Cooperation Bureau(TYFTECB). Applications and documents for joint review and approval are received at the window of the TYFTECB in Government Affairs Handling Hall of Taiyuan and sorted according to the nature of the projects before they are sent to each respective division for handling. Follow ups and supervision at the same time are conducted for each steps of the approval procedures. All is to ensure the procedures to be finalized within time limit.

    Procedures for joint venture or cooperation

    enterprise between China and Foreign investors:

    Divisions designated for handling projects sorted by their nature: -Infrastructure projects to be handled by planning and development organs at provincial, city or county (district) level for review and approval;

     -Technical innovation projects to be handled by planning and development organs at provincial, city or county (district) level for review and approval;

    -Projects within Hi -Tech Development Zone will be handled by the "2-Zone" Administration Committee;

     -Projects with value less than 3 million USD shall be handled by organs at local county (district).

    Submittals:

    Project proposal in written form; Feasibility study report in written form;

    Letter of intent or agreement signed cooperation;

    Photocopy cooperation;

    Photocopies of qualification certificates, commerce registration, personal identification card;

    Appraisal by environment protection administration; Other submittals if needed.

    Note: Project proposal shall be drafted by the Chinese part in a cooperation company; Feasibility report shall be drafted jointly by both Chinese part and foreign part in a cooperation company. Principally approval though review will be given at one time by authorities concerned, while for special cases, it will be given at different times according to particular situation.

     Procedures for approval of contract and constitution of joint venture or cooperation enterprise between China and forigen investors: -After feasibility study report is approved, both Sino and foreign party shall jointly work out their contact and constitution and have them signed and then, submitted by Chinese party to the Taiyuan Foreign Trade & Economic Cooperation Bureau for approval; projects within 'Taiyuan Hi-Tech Zone' and 'Taiyuan 'Economic Development Zone' will be approved by the ' 2-Zone' Administration Committee.

     Submittals:

     -Application form enterprise;

    -Contract and constitution for setting up the joint venture signed by authorized representatives of each party;

    -Registration certificates, qualification certificaies issued by their bankers, certificates for the lawful representatives of each party. If the foreign party is a individual, valid certification for his qualification and personal identification shall be provided along with translated copies;

    -Should the Chinese party invest with the state owned property, conformation, and appraisal documents for the property shall be provided by the state property administrative authorities; those that invest with usufruct of land, approval for the transfer and certificate for the usufruct issued by the land administration authorities shall be provided as well

    -Identification document of project site;

     -Name list and Letter of Attorney for chairman and vice chairman of each party; board members, of Chinese board members;

     -Photo copy of Identity certification of members (Chinese translation to be provided)

     -List of equipment invested by foreign parties

    -Advise of Approval of Enterprise Name by commerce industry administration;

    -Registration form for environment protection;

    -Other submittals required by authorities for approval.

    Certificate of Approval for establishing enterprise with foreign investment will be issued upon the approval of contract and constitution of joint venture or cooperation enterprise between China and foreign investors:

    Within 30 days after receipt of the approval, registration procedures shall be carried out at Taiyuan office of state commerce and industry administration bureau, and the business license will be given. Up on the day a business