Article 1 The Detailed Operating Rules for Issuance of Transaction Certificates (hereinafter referred to as the Operating Rules) were promulgated based on the Operating Rules for Transactions of Enterprises’ State-owned Property Rights in order to standardize the issuance of the transaction certificates of the transaction agencies.

Article 2 The certificates for transactions of property rights as specified in the Operating Rules refer to the certificates issued by the transaction agencies to both sides of the transactions to prove that the enterprises’ state-owned property rights have reached the transaction rights after the transaction agencies performed related procedures.

Article 3 After both sides of the transactions signed the contracts for transactions of property rights, the transferees pay the transaction prices to the capital settlement accounts of the transaction agencies in line with the contracts, and after both sides of the transactions pay the service fees, the transaction agencies shall issue the certificates for transactions of property rights within three working days and inform the broker members of both sides of the transactions to get the certificates.

Article 4 In case that the transactions of property rights involve qualifications reviews of the main objects and anti-monopoly reviews, and effectiveness of the transactions of property rights shall be approved by related governmental departments, the transaction agencies shall issue the certificates for transactions of enterprises’ state-owned property rights needed in approving procedures of related governmental departments. After the contracts for the transactions obtain approvals of related governmental departments, the transaction agencies shall issue the property rights transaction certificates based on approval conditions.

Article 5 The transaction agencies shall issue certificates for transactions of property rights repeatedly.

Article 6 The certificates for transactions of property rights shall indicate following items, i.e. serial No. of the project, signing date, commencement and ending date of the listing, whole name of the transferors, whole name of the transferees, whole name of the entrusted broker members, whole name of the transfer objects, transaction methods, appraisal results of the transfer objects, transfer prices, transaction prices payment methods and reviewing results of the transaction agencies.

Article 7 The certificates for transactions of property rights shall be printed in uniform form and shall not be written or altered.

Article 8 The certificates for transactions of property rights shall be sealed by the transaction agencies.

Article 9 After issuance of the certificates for transactions of property rights, if related main bodies find non-compliance circumstances such as illegal main bodies of the transactions, non-compliance procedures and submittal of unfaithful materials, and it is confirmed that the pre-conditions for issuance of the transaction certificates don’t exist, the transaction agencies shall withdraw the certificates for transactions of property rights of the projects.

Article 10      The Operating Rules will take effects as of the promulgation date.