The transferor shall make a reply in writing within five working days from the second day upon receiving the letter; submitting an application to CBEX for verification if it believes the intended transferees do not meet the listed conditions; if the transferor fails to make a reply within the stipulated period, it is deemed agreeing with CBEX’s opinions.
The transferee qualification condition not released shall not be taken as the basis confirming the qualification of the intended transferee.
In the event the transferor does not agree with CBEX on the qualification of the intended transferee, it shall negotiate with CBEX and solicit opinions from the state-owned asset regulatory authority on the dispute when necessary.
When confirming the intended transferee qualification finally, it will issue the Transferee Qualification Confirmation Notice to the intended transferee.
The intended transferee being confirmed the qualification shall pay in the transaction deposit within the period stipulated in the Transferee Qualification Confirmation Notice (based on the receiving time); it is deemed giving up the transferee qualification if it fails to pay in the deposit within the stipulated time.