The registered capital for Foreign-Funded Joint Stock Companies Limited should be the amount of the total paid-in capital as registered with the relevant registration authority. The minimum registered capital for such companies is RMB 30 million, of which all shares purchased and held by foreign shareholder(s) should not be lower than 25% of the company’s registered capital. Please refer to the “Provisional Regulations of the Ministry of Foreign Trade and Economic Cooperation on Certain Issues Concerning the Establishment of Companies Limited by Shares with Foreign Investment ” for other conditions of establishment.