(1)      Our Service Fees

Our fees for handling the change of business scope for a WFOE in Beijing, China is RMB10,000. In particular, our fees cover the following services:

(1) Preparation of change application documents;

(2) Application for the change registration with BAMR;

(3) Application for MOFCOM registration;

(4) Applying for the change with Tax Bureau;

(5) Applying for the change of foreign exchange registration particulars;

(6) Applying for change with bank

If special licence or permit or other extra change is required, we may need to adjust our fees accordingly.

(2)      Official Filing Fees

The fees quoted in Section 1 (1) above do not cover official filing fees to be paid to different government departments and the official filing fees are estimated to be around RMB1,500, assuming no special license or permit is required.

(3)      Translation Costs

Our service fees stated in Section 1 (1) do not cover translation costs for translating the documents prepared by you from English to Chinese or translation of registration documents from Chinese to English. If so required, we will charge an extra amount of RMB300 per page of A4 size paper for the translation services. In case the translation is done by client directly, we will charge RMB60-180 per page of A4 size paper as proof reading service fees.

A summary of the fees and costs is provided in Schedule 1 to the quotation.

Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance.

If China or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged.

The following materials are required for the purpose of change of business scope for a WFOE in Beijing, China:

(1)  The specific and detailed description of the business activities to be added;

(2)  Business Licenses (original and duplicates);

(3)  Articles of Association

(4)  Bank Account Opening Permit;

(5)  Organizational Credit Code Certificate;

(6)  Company Seal of the Beijing WFOE;

(7) Other documents or information temporarily required by registration authorities.

It is estimated that the whole change process would take around 5 to 7 weeks, subject to the approval by the various registration authorities in Beijing. The table below shows the estimated time frame for each of the steps for the change.

Step	Description	Who is Responsible	Working Days
Preliminary
1	Preparation of specific and detailed description of the business activities to be added	Investor	Investor’s schedule
2	Preparation of WFOE’s certificates and licenses	Investor	Investor’s schedule
3	Other documents	Investor	Investor’s schedule
Application for Change
4	Application for change of business scope with BAMR and for new business license	Kaizen	5-7
5	Application for MOFCOM registration	Kaizen	3
6	Applying for change of business scope with Tax Bureau	Kaizen	3
7	Applying for the change of foreign exchange registration particulars	Kaizen	7-10
8	Applying for change of company information with banks	Kaizen	7-10
Around 5-7 Weeks