Housing Ownership Certificate of the P.R.C

 XXX  Real Estate Certificate  XXX  zi( XXXX ) No. XXXXXX

XXXXXXXXXX

Date of Issue:  XX/XX/XXXX 

In accordance with the Constitution of the People's Republic of China and the Law of the People's Republic of China on the Administration of Urban Real Estate, in order to protect the legal rights and interests of the house-owners, the Real Estate listed on this Certificate, which was applied by the house-owner, is confirmed to be authentic, and it is hereby to issue this Certificate.

Issued by: Shanghai Land and Natural Resource & House Management Bureau (Seal)