(1)     Our Service Fees

Our fees for handling the change of company name for a WFOE in Beijing, China is RMB1,200. In particular, our fees cover the following services:

(1) Preparation of change application documents;

(2) Performing name availability search;

(3) Application for approval of name;

(4) Application for change of name with BAMR;

(5) Carving of company chops;

(6) Application for MOFCOM registration;

(7) Applying for change of name with Tax Bureau;

(8) Applying for the change of foreign exchange registration particulars;

(9) Applying for change of name with bank (RMB basic account and capital account)

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 RMB2,500, 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 RMB300 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.

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 company name for a WFOE in Beijing, China:

(1) The proposed name of the WFOE;

(2) Business Licenses (original and duplicates);

(3) Articles of Association

(4) Bank Account Opening Permit;

(5) Organizational Credit Code Certificate;

(6) Company chops of the Beijing WFOE;

(7) Other documents or information temporarily required by registration authorities.

It is estimated that the whole change process would take around 6 to 8 weeks, subject to the approval by the various registration authorities in Beijing. 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 proposed name of the WFOE	Investor	Investor’s schedule
2	Preparation of WFOE’s certificates and licenses	Investor	Investor’s schedule
3	Other documents	Investor	Investor’s schedule
Application for Change
4	Name availability search	Kaizen	1
5	Application for approval and reservation of the proposed company name	Kaizen	3-5
6	Application for change registration with BAMR	Kaizen	5-7
7	Carving of company chops	Kaizen	3
8	Application for MOFCOM registration	Kaizen	3
9	Applying for change of company name with Tax Bureau	Kaizen	3
10	Applying for the change of foreign exchange registration particulars	Kaizen	3-5
11	Applying for change with banks	Kaizen	7-10
Around 6-8 Weeks

(1) We will sign an engagement letter with you;

(2) You pay the service fees to us;

(3) You provide the required materials to us;

(4) We prepare the application forms and relevant documents after receipt of required documents;

(5) We deliver the documents to you for signing;

(6) You return the duly signed documents to us;

(7) We submit the documents to relevant government authorities concerned application and change of various certificates as stated in Section 4;

(8) The whole procedures are completed and certificates are forwarded to you.