Land Renting and Expense Collecting Standards of Technology Industrial Parks Article 19

When the value of the land in the Export Processing Zone is adjusted by the local Land Administration in accordance with law, the rent shall be calculated based on the newly adjusted land value starting from the month after the adjusted land valueis confirmed. The amount of the rent used to cover the land value tax for the current year shall be adjusted according to the announced land value for the current year. The remaining amount shall be adjusted by multiplying the amount by the rateof increase in the announced land value for the current year if the said value increases compared to the previous period; however, the adjustment shall not exceed 10%. If the announced land value decreases compared to the previous period but the value is not lower than the land value announced in 2015, the remaining amount shall not be adjusted; if the said value is lower than the land value announced in 2015, the remaining amount shall be adjusted according to the rate of decrease.However, this provision shall not apply if otherwise agreed to in the contract.