【正文】 and submit, fifteen (15) days after the date of the public announcement of termination, the procedures and principles of liquidation, and the candidates for the liquidation mittee to the Examination and Approving Authority for approval of liquidation.Article 15 Liquidation Liquidation(a) Upon the scheduled expiration of Term (including any extension thereof) or the earlier termination of the Company in accordance with Article 14 of these Articles of Association, the Board of Directors shall immediately adopt a unanimous resolution to liquidate the Company, formulate liquidation procedures, establish a liquidation mittee and notify the Examination and Approval Authority and other related government agencies the liquidation of the Company.
。(v) Payment of profit and dividends to the Investor。(iii) Payment for any administrative expenses the Company incurs which require foreign exchange payment。 and the chief financial officer shall, under the leadership of the general manager, be responsible for the financial and accounting matters of the Company. (c) The general manager shall prepare the annual business plan and budget for each year for Board approval. Unless the Board shall decide otherwise, the general manager shall submit each year’s business plan and budget to the Board for approval no later than two months prior to the mencement of the fiscal year. Nonpetition(a) No Senior Corporate Officers shall in any way serve for, or act for the benefit or interest of, any other person, pany, unit, entity or organisation or participate in any activities conducted by such person, pany, entity, unit or organisation which may, directly or indirectly, conflict or pete with the interest or business of the Company or the Investor Group in China, and for the purposes of these Articles “Investor Group” means the group constituted by the Investor, its subsidiaries, its holding panies, and subsidiaries of its holding panies.(b) All other management personnel of the Company shall be forbidden from concurrently serving for or working at any other pany, unit, entity or organisation whatsoever unless authorized by the general manager and approved or ratified by the Board. Any personnel in violation of such prohibition shall be subject to immediate dismissal by the general manager unless the Board shall decide otherwise. DismissalAny Senior Corporate Officer who misuses or abuses his position for personal ends, engages in graft or bribery in connection with the Company’s business, acts in violation of any Board decisions or laws, acts in any way in petition with the Company as prohibited hereunder, is seriously derelict in his duties, or fails to perform any assigned tasks without due cause shall be dismissed by the Board of Directors without any pensation. Upon such dismissal, the Board shall immediately appoint a replacement. Any other management personnel who engage in such improper activities shall be immediately dismissed by the general manager.Article 9 Labour Management Governing PrincipleThe Company shall be entitled to full enterprise autonomy granted to foreign investment enterprises and shall have plete authority over the hiring and dismissal of its employees. The recruitment, employment, discipline, dismissal and resignation of the employees of the Company and their wages, salaries, insurance, welfare benefits and other matters shall be handled in accordance with the relevant PRC laws. Labour ContractThe Company shall conclude individual employment contracts with staff and workers directly. The Company shall file such contracts with the Labour Department for the record. Labour PlanThe labour plan, including the number of employees of the Company and the job descriptions, shall be prepared and determined by the general manager. The employees of the Company shall be required to strictly observe the rules and regulations of the Company. The Company shall recruit and employ only such number of employees as is necessary for its operations. Increase or decrease in the total number of employees of the Company, due to such factors as expansion or reduction of business or increased or decreased efficiency, shall require the approval of the general manager. Labour and Personnel Policies(a) Matters such as employment, dismissal, resignation, wages, insurance, welfare benefits, reward and discipline of staff and workers of the Company as well as title to and the right to apply for copyright protection, patent protection and other rights regarding inventions and works of authorship in the course of employment shall be set by decision of the Board and stipulated in the labour and personnel policies of the Company and the labour contracts between the Company and the employees.(b) The initial labour and personnel policies of the Company shall be prepared by the general manager for approval by the Board. These policies shall be consistent with applicable laws and regulations of China. (c) The general manager shall implement hiring policies whereby all PRC employees of the Company shall be selected on the basis of examination and shall have the most petitive merits and qualifications. In this regard, upon the receipt of necessary approvals, the Company may hire qualified personnel from any where within China and, if necessary, from foreign countries. (d) The Company shall sign nonpetition and confidentiality agreements with its employees in accordance with the principles herein. Power of General ManagerSubject to any limitations the Board may set, the general manager shall have the power to, according to the degree of seriousness of the case, give warnings, record demerits, deduct wages, dismiss or otherwise remove, any staff member or worker appointed by him who has violated the terms of the labour contract or the rules, regulations or labour discipline of the Company or applicable law.Arti