Standing Committee of the National People's Congress, Decision on Authorising the State Council to Provisionally Adjust the Administrative Examination and Approval Specified in Relevant Laws in the China (Guangdong) Pilot Free Trade Zone, China (Tianjin) Pilot Free Trade Zone, China (Fujian) Pilot Free Trade Zone and the Extended Area of the China (Shanghai) Pilot Free Trade Zone

(2) division or merger of whollyforeign-owned enterprises or other changes in their material matters;

(3) term of operations of whollyforeign-owned enterprises;

(4) establishment of Sino-foreign equityand cooperative joint ventures;

(5) renewal of the term of operations ofSino-foreign equity and cooperative joint ventures;

(6) dissolution of Sino-foreign equityjoint ventures;

(7) material amendments to theagreements or contracts for, and the articles of association of, Sino-foreigncooperative joint ventures;

(8) transfer of joint venture contractrights and obligations by Sino-foreign cooperative joint ventures;

(9) entrustment to third parties of theoperations and management of Sino-foreign cooperative joint ventures; and

(10) establishment of enterprisesinvested by Taiwanese compatriots.

The aforementioned adjustments inadministrative approvals will be implemented on a trial basis for three years,and where practice proves feasibility, the relevant laws will be amended andimproved. If practice indicates that the adjustment is not suitable,implementation of the relevant laws shall be restored.

Relatedlegislation: PRC, Wholly Foreign-owned Enterprise Law (Revised); PRC Sino-foreignEquity Joint Venture Law (2nd Revision); and PRC Sino-foreign Cooperative Joint VentureLaw (Revised)