【正文】 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。7)Liquidation procedures upon the dissolution of the joint venture pany。s welfare。4)System of work attendance record， promotion and awards and penalty for the staff and workers。2)Rules for the staff and workers。 to work out the statement of assets and liabilities and list of property。4)inability to continue operations due to the failure of the party to fulfil its obligations prescribed in the contract and the Articles of Association。2)inability to continue operations due to heavy losses。 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。 to assist the joint venture pany to arrange and make rational use of welfare funds and bonuses。s Republic of China and________ ， to ensure that the staff and workers go in for production and work under normal condition.Chapter 9 The Trade Union OrganizationArticle 45The staff and workers of joint venture pany have the right to establish tade union organization and carry out activities in accordance with the stipulation of the Trade Union Law of the people39。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。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。s balance sheet， profit and loss statement and proposal regarding the disposal of profits which should be examined and signed by the auditor， then submit them to the board of directors.Article 34Parties of the joint venture pany have the right to invite an auditor to undertake annual financial check and examination at his own expense. The joint venture pany shall provide convenience for the checking and examination.Article 35 The depreciation period for the fixed assets of the joint venture pany shall be decided by the board of eircetors in accoudance with the The Ine Tax Law of the People39。(3)situations concerning registered capital and debt of the joint venture pany。s Republic of China. Article 30 The joint venture pany shall open accounts in RMB and foreign currency with the Band of China or other banks which agreed by the Bank of China. Article 3lThe accounting of the joint venture pany shall adopt the internationally used accrual basis and debit and credit accouting system in their work.Article 32 The accounting books of the joint venture pany shall include the following contents:(1)all amount of ine and payment and payment in cash of the joint venture pany。 11)deciding other matters which shall made decision by the board of directors.Article 18The board of directors shal