Unless otherwise indicated, the WFOE mentioned in this quotation refer to a limited liability company formed and registered in Shenzhen, China in accordance with the China Company Law and the related regulations and wholly owned by one or more foreign companies or individuals.

The quotation applies to situations where a WFOE registered in Shenzhen intends to change the members of the board of directors and/or supervisor and that no special licence or permit or other change is required.

Our fees for handling the change of members of the board of directors and/or supervisor for a WFOE in Shenzhen, China are USD1,350 and our fees cover the services listed in Section 1 of this quotation. Our service fees, however, do not include the payment of official change filing charges.

The materials required include the photocopy of the identity certificate of the new director and/or supervisor, incorporation certificates of the WFOE and others. A list of the materials is detailed in Section 3 of this quotation.

The whole process for the change of members of board of directors and/or supervisor for a WFOE in Shenzhen, China takes around 3 to 5 weeks. It should however be noted that most of the procedures are subject to approval granted by the government departments and therefore some of the procedures may take longer than expected.

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

1. Services and Fees
   
   Our fee for handling the change of a director or/(and) the legal representative of a wholly foreign owned enterprise (in the form of a limited liability company) registered in Shenzhen, China is USD1,350.
   
   In particular, our fees cover the following services:
   

   (1)	Answering questions from client regarding the appointment/resignation of director and/or legal representative in a WFOE in China;
   (2)	Preparation of change application documents;
   (3)	Submitting online application for the change with the business registration authority;
   (4)	Making an appointment for the submission of paper application;
   (5)	Application for the change with the registry office.
   (6)	Application for the change with MOFCOM.

   
   Notes:
   
   

   (i)	Our service fee stated above is inclusive of official filing fee/charge.
   (ii)	If special licence or permit or other extra change is required, we may need to adjust our fees accordingly.
   (iii)	Our service fee stated above does 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 RMB350 per page of A4 size paper for the translation services.
   (vi)	All the fees quoted above do not include the Value Added Tax and Surcharges of 7.5% if Chinese tax invoice (Fapiao) is required.

   
   
2. Payment Terms and Methods
   
   Upon receipt of your confirmation of engagement, we will issue and send an invoice together with the wiring instructions to you for your settlement. When you arrange the payment, please put our invoice number of account number in the message section and then send email a copy of the remittance receipt to us for our records. Because of the nature of service, we require full payment in advance. And once the service is commenced, no refund of service fee will be made.
   
   We accept cash, HKD check, TT and credit card through Paypal. An extra handling fee of 5% will be charged if paid by Paypal.
   
   
3. Required Documents and Materials
   
   The following materials are required for the purpose of change of the members of the board of directors for a WFOE in Shenzhen, China:
   

   (1)	A photocopy of the identity certificate of the new director and/or supervisor;
   (2)	The resident address, email address and China mobile of the new director and/or supervisor;
   (3)	Business Licenses (original and duplicates) of the WFOE;
   (4)	Company seal of the WFOE;
   (5)	Other documents or information temporarily required by registration authorities.

   
   
4. Procedures and Estimated Time Frame
   
   It is estimated that the whole change process would take around 3 to 5 weeks, subject to the approval by the various registration authorities in Shenzhen. The table below shows the estimated time frame for each of the steps for the change.
   
   

   Step	Description	Working Days
   Preliminary
   1	Preparation of materials required	Client’s schedule
   Application for Change
   2	Submitting online application for the change with the registry office	1
   3	Making an appointment for the submission of paper application	5
   4	Application for the change with the registry office	3-5
   5	Application for the change with MOFCOM	3-6
   Around 3 -5 Weeks