Regulations Governing Offshore Funds Article 41

If the master agent produces an untrue investor information summary or Chinese version of the prospectus in violation of the preceding article, or fails to comply with Article 15, paragraph 1, hereof, the FSC may, in addition to handling the matter in accordance with Article 31, order the offshore fund institution to change its master agent within a specified time limit.When a sub-distributor violates the preceding article, the FSC may, in addition to handling such violation in accordance with relevant laws and regulations, also suspend the sub-distributor? offering and sale of offshore funds for a period of up to 6 months.If an offshore fund institution fails to change its master agent within a deadline set by the FSC for it to do so, the FSC may revoke the approval or effective registration of the offshore fund.