【正文】 y shall include the following contents:(1)all amount of ine and payment and payment in cash of the joint venture pany。s Republic of China on Labor Management in Joint Ventures Using Chinese and Foreign Investment and its implementation rules， and relevant regulations issued by province (City).Article 42The joint venture pany has the right to take disciplinary actions， such as warning， demerit recording and salary reducing against those staff and workers who violate the rules and regulations of the joint venture pany and labor disciplines. Those with serious casesmay be dismissed. Discharging of workers shall be filed with the local labor and personnel department.Article 43The salary treatment of the staff and workers shall be set by the board of directors according to the specific situation of ________， and the joint venture pany， with reference to the regulations issued by the Bureau of Labor of _________， and shall be specified in detail in the labor contract. The salary of the staff and workers shall be increased correspondently with the development of production and the progress of the worker39。2)inability to continue operations due to heavy losses。4)System of work attendance record， promotion and awards and penalty for the staff and workers。s Republic of china. Chapter 13 Supplementary Articles Article 60 The amendment to the Articles of Association shall be unanimously agreed and decided by the board of directors and submitted to the original examining and approving authority for approval. Article 61 The contract shall be written in chinese and in English. Both languages are equally au thentic. In events of any discrepancy between the two aforementioned versions， the Chinece version shall prevail.Article 62The Articles of Association shall e into effect upon the approval by People39。2)Rules for the staff and workers。 and to educate staff and workers to observe labor discipline and strive to fulfil the economic tasks of the joint venture pany.Article 47The persons in charge of the trade union of the joint venture pany has the right to attend as nonvoting members and to report the opinions and demands of staff and workers to meetings of the board of directors held to discuss issues such as development plans， production and managing activities of the joint venture pany.Article 48The trade union shall take part in the mediation of disputes arising between the staff and workers and the joint venture pany.Article 49The joint venture pany shall allot an amount of money totally 2% of all the salaries of the staff and workers of the joint venture pany as trade union39。s Republic of China and other pertaining regulations. Chapter 7 Profit Sharing Article 37The joint venture pany shall allocate reserve funds， expansion funds and bonuses welfare funds for staff and workers after payment of taxes. The proportion of allocation shall be decided by the board of directors.Article 38After paying the taxes in accoudance wiht law and drawing the various funds， the profits in net will be distributed according to the proprtion of each party39。 11)deciding other matters which shall made decision by the board of directors.Article 18The board of directors shall consist of directors. of which directors shall be appointed by Party A， by Party B. The term of office for the directors is four years and may be renewed.When appointing and replacing directors， a written notice shall be submitted to the board and the other party.Article 19The board of directors shall convene at least one meeting every year. The chairman may convene an interim meeting based on a proposal made by more than _______(including )directors. The board meeting will be held in principle in ________.Article 20The chairman shall give each director a written notice thirty (30) days before the date of the board meeting. The notice shall cover the agenda， time and place of the. Should the directors be unable to attend the board meeting meeting， he may present aproxy in writtenform to the board.In case the director neither attends nor entrusts others to attend the meeting， he will be regarded as abstention.Article 22The board meeting requires a quorum of over three quarter of the total number of directors. When the quorum is less than three quqrter， the decisions adopted by the board meeting are invalid. Detailed written records shall be made for each board meeting and signed by all the attended directors or by the attended proxy. The record shall be made in Chinese and in English， and shall be filed with the pany. Chapter 5 Business Management OfficeArticle 22The joint venture pany shall establish a management office which shall be responsible for its daily management. The management office shall have one general manager， deputy general managers. They shall be invited by the board of directors whose term of office is four years and may be renewed by the board of directors.Article 23The system of job responsibility of the general manager under the board of directors is adopted by the joint venture pany.