Laws of the People's Republic of China

Circular of the Ministry of Science and Technology and the State Administration for Industry and Commerce on Abolishing the Relevant Documents concerning the Use of High and New Technological Achievements as Capital Contributions and Shares

Guo Ke Fa Zheng Zi [2006] No. 150

The offices (commissions or bureaus) of science and technology and the administrations for industry and commerce of all provinces, autonomous regions, municipalities directly under the Central Government and cities directly under separate state planning,

In accordance with the relevant provisions of the Company Law, the following documents concerning the use of high and new technological achievements as capital contributions shall be abolished:

The Circular on Printing and Distributing the Provisions on Several Issues Concerning the Use of High and New Technological Achievements as Capital Contributions (No. 326 [1997] of the State Science and Technology Commission) issued by the former State Science and Technology Commission and the State Administration for Industry and Commerce; the Circular on Printing and Distributing the Measures for the Implementation of the Provisions on Several Issues concerning the Use of High and New Technological Achievements as Capital Contributions (No. 171 [1998] of the State Science and Technology Commission) issued by the Ministry of Science and Technology and the State Administration for Industry and Commerce; the Circular on Relevant Issues concerning the Pricing of High and New Technological Achievements Contributed as Shares (No. 351 [1999] of the State Science and Technology Commission) issued by the Ministry of Science and Technology and the State Administration for Industry and Commerce; and the Supplementary Circular on Relevant Issues concerning the Pricing of High and New Technological Achievements Contributed as Shares (No. 255 [2000] of the State Science and Technology Commission) issued by the Ministry of Science and Technology and the State Administration for Industry and Commerce.

The utilization of technological achievements as capital contributions and shares shall be executed according to the relevant provisions of the Company Law, which are no longer required through the cognizance by the science and technology administrative organ.

The Ministry of Science and Technology

The State Administration for Industry and Commerce

May 23, 2006.