TranslationSqrire,Sanders Dempsey L.L.P. Acquisition Consultant Report,explicitly providing its professional opinion in regard to the investigations set forth above. Article 31 The Acquisition Consultant shall meet the following requirements: (1) that it has good reputation and possesses relevant working experience within the industry; (2) that it has no record of ever committing any significant illegal acts by violation of laws or regulations; (3) that it possesses the capability in conducting any investigation of and analyzing the legal system applied in the places at where the overseas company is registered and listed,as well as the financial status of such company. Section 2 Application Documents and Procedures Article 32 A foreign investor involving in the acquisition of a Domestic Company through payment of equity interests shall apply to MOFCOM for examination and approval;the Domestic Company to be acquired shall submit,in addition to the documents required under Chapter III hereof,materials set forth below: (1) description of any major changes in regard to the equity interests and assets of the Domestic Company within the recent one(1)year; (2) the Acquisition Consultant Report; (3) certifications regarding the incorporation of the Domestic Company and the overseas company involved in the acquisition or identification materials of their shareholders; (4) description of the status in regard to the equity shares held by shareholders of the overseas company and a name list of shareholders holding over five percent(5%)of the overseas company's equity shares; (5) the Articles of Association of the overseas company and description of any external security provided by such company; (6) an audited financial report of the overseas company for the most recent year and a status report regarding the transactions of its stocks for the recent half year; Article 33 MOFCOM shall examine the acquisition application within thirty (30) days upon its receipt of all the completed documents submitted for examination and approval.An Approval Certificate shall be issued if all the requirements on the acquisition are met,which shall be specifically remarked by indicating that "This approval certificate for acquisition of domestic company by foreign investor through payment ofequity interests shall be valid within six(6)months from the date on which the business license is issued'("Remarked COA"). 12