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TranslationSquire,Sanders Dempsey L.LP. forex control authorities of the places where the transferor of the equity interests and the Domestic Company are located.The forex control authority of the place where the transferor of the equity interests is located shall carry out procedures for registration of its receipt of the equity-transfer related forex and shall issue relevant certificate.The registration certificate of receipt of equity-transfer related forex shall be the effective documents attesting that the foreign investor has paid in the consideration for the Equity Acquisition. Article 26 When a foreign investor carries out an Asset Acquisition,the investors shall apply for registration of establishment to the registration administration authority within thirty(30)days after the date of receipt of the Approval Certificate, and obtain a FIE Business License from the said administration. When a foreign investor carries out an Equity Acquisition,the Domestic Company to be acquired shall apply for amendment of registration to its original registration administration authority in accordance herewith and obtain a FIE Business License. If its original registration administration authority is not competent to register the change,it shall,within ten (10)days after the date of receipt of the application documents,transfer the case together with the Domestic Company's registration file to the competent registration authority for handling.When applying for amendment of registration,the Domestic Company to be acquired shall submit the documents set forth below and shall be liable for their truthfulness and validity: (1) an application for amendment of registration; (2) the agreement under which the foreign investor purchases the equity of the shareholder in the Domestic Company or subscribes to the Domestic Company's capital increase; (3) the company's amended articles of association or the proposed amendments to the original articles of association and the contract for the FIE that needs to be submitted in accordance with the law; (4) the FIE Approval Certificate; (5) the foreign investor's qualification certificate of a subject and identification certificate of a natural person; (6) the amended name list of directors,a document specifying the names and domiciles of the new directors and the instruments of appointment of the new directors;and (7) other relevant documents and certificates specified by the SAIC. The investor shall go through registration procedures with relevant authorities such as those for taxation,customs,land administration and forex control within thirty (30) days after the date of receipt of the FIE Business License. 10
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