(1)    Our Service Fees

Our fees for handling the change of name for a RO in Shenzhen, China is RMB12,000. In particular, our fees cover the following services:

(1) Preparation of change application documents;

(2) Submitting online application for the change with the registry office;

(3) Making an appointment for the submission of paper application;

(4) Submitting paper application to the registry office;

(5) Carving of new chops;

(6) Application for name change with the opening 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 RMB350 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.

(4)      Legalisation Fees

Our fees stated above also do not cover the legalization of the incorporation documents of the foreign enterprise. Kaizen is able to arrange the legalisation of incorporation documents for foreign enterprises registered in Hong Kong, Singapore, Taiwan, British Virgin Islands, Cayman Islands and Bermuda and a few other countries. Fees for legalisation will be quoted upon request.

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 name for a RO in Shenzhen, China:

(1) Legalized incorporation documents of the headquarters of the Shenzhen RO;

(2) Legalized banker’s reference letter;

(3) Registration Certificate and representative card of the representative (s);

(4) Bank Account Opening Permit;

(5) Organizational Credit Code Certificate;

(6) Seal of the Shenzhen RO;

(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 Shenzhen. 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 materials required		Investor	Investor’s schedule
Application for Change
2	Submitting online application for the change		Kaizen	1
3	Making an appointment for the submission of paper application		Kaizen	5
4	Submitting paper application to the registry office and collecting the change notice		Kaizen	3-5
5	Making new chops		Kaizen	2
6	Application for the change with the opening bank		Kaizen	10-15
Around 5 -7 Weeks

Schedule 1 – Summary of Costs for Change of Name for a Shenzhen RO

Item	Description	Amount (RMB)
1	Service fees for change of name for Shenzhen RO (Note 1)	12,000
2	Official filing fees (Note 2)	1,500
3	Disbursements	500
4	Translation fees (Optional)	TBC
5	Legalization Fees (Optional)	TBC
TOTAL		14,000