Standards for the Establishment of Trust Enterprises Article 8

To establish a trust company, the promoters shall within the prescribed time period submit the following documents, each in triplicate, to apply with the Competent Authority for a permit for establishment; an application will not be processed if submitted after the time period: 1.Trust Company Establishment Permit Application Form.2.Business plan, specifying the business scope, business principles and policies, and specific implementation methods (including premises and facilities, internal organization and segregation of duties, personnel recruitment and training, business development plan, and financial forecasts for the coming three years).3.A register of promoters and relevant evidentiary documentation.4.Promoters meeting minutes.5.A written statement that none of the circumstances in Article 2 of the Regulations applies with respect to the promoters.6.Certification that the promoters have opened a segregated account for deposit of share capital pursuant to Paragraph 1 of Article 13 herein.7.An explanation of the sources of the promoters' funds.8.Documents evidencing the qualifications of the general manager, assistant general managers, and deputy assistant general managers.9.Articles of incorporation of the trust company.10.Corporate bylaws and business operating procedures of the trust company.11.Review opinions by a certified public account and a lawyer.12.Other documents as required by the Competent Authority.