Regulations of Preferential and Preemptive Rights for Employees of Subordinate upon the Privatization Enterprises under the Ministry of Finance to Subscribe the Government-Owned Shares Article 5

The total amount of government shares eligible for employee subscription in accordance with the Regulations, including the available subscription quota, over-subscription quota, and preferential shares reserved for long-term shareholding, shall not exceed thirty-five percent (35%) of the total outstanding shares issued by the enterprise.Total outstanding shares stated in the foregoing Paragraph refers to the total number of actual paid shares on the initial offering day of government shares.