Laws of the People's Republic of China

the Ministry of Commerce, the State Administration for Industry and Commerce

Announcement of the Ministry of Commerce and the State Administration for Industry and Commerce

[2004] No. 25

June 3, 2004

In accordance with the Circular of the General Office of the State Council Concerning Sorting out and Consolidating Non-experimental Commercial Enterprises with Foreign Investment (Guo Ban Fa [1998] No. 98) and the Circular Concerning Better Implement of Sorting out and Consolidating Non-experimental Commercial Enterprises with Foreign Investment (Guo Jing Mao Wai Jing [2001] No. 787) which was approved by the General Office of the State Council and promulgated by the former State Economy and Trade Commission, the former Ministry of Foreign Trade and Economic Cooperation and the State Administration for Industry and Commerce, the five enterprises of Erbai Yongxin Corp,. Ltd. Shanghai, Aotuo Qibai Mail Order Corp,. Ltd. Shanghai, Stock General Merchandises Corp,. Ltd. Shanghai, Golden World Shopping Center Corp,. Ltd. Shanghai and Kunlun Taiwan Shopping Mall Corp,. Ltd. Shanghai are in line with the Five Shall- not Enterprises, which means that they shall have no right to operate import and export, shall not operate wholesale business, shall not re-expand the business scope and scale of construction, shall not open branches and extend the duration of joint operations and shall not benefit from the policy of tax reduction or tax exemption for importing equipment and materials of own use.

This is hereby notified.