CERTIFICATE OF APPROVAL

FOR ESTABLISHMENT OF ENTERPRISES WITH FOREIGN INVESTMENT IN THE PEOPLE’ S REPUBLIC OF CHINA

Approval Number

Date of Approval

This certificate shall be valid until May 20, 20××

People’s Government of ××× Municipality (seal)

Name of Enterprise

Chinese

English

Address

Type of business

Duration of Operation

Total Investment

Registered capital

Name of Investor (in Chinese and English)

Place of registration

Capital Contribution

A:

B:

C:

China

×××

China

Business scope

Development of real estate in the planned area, including construction, sale and lease of commercial facilities and property management