The Supreme People’s Court of the People’s Republic of China (the “Supreme People’s Court”) issued Provisions of the Supreme People's Court Regarding Certain Issues Concerning the Application of the Company Law of the People's Republic of China (III) (the “Interpretation”) on February 16, 2011, which took effect on the same day.

The Company Law of the People's Republic of China was promulgated on December 29, 1993, and has been amended three times since its promulgation; the current version was issued on October 27, 2005, and became effective as of January 1, 2006 (the “Company Law”).