A Notice from Jingzhou Municipal People's Government
on the Release of Jingzhou Downtown MajorIndustrial Projects Investment
Promotion Incentives (Tentative)
(J.P.G. R (2013) 34)

To Jingzhou District, Shashi DistrictPeople'sGovernment, Jingzhou DevelopmentZone, Jingzhou Large Sites Protection Zone, relevant departments of Jingzhou Municipal Government,
Jingzhou Downtown Major Industrial Projects Investment PromotionIncentives (Tentative) has been approved by the citymunicipal government, and is hereby forwarded to you for implementation.
                                             May 27, 2013

 Jingzhou Downtown Major IndustrialProjects Investment PromotionIncentives (Tentative)
Article I. In order to strengthenthe efforts in investment promotion we have hereby formulated these measures toencourage all sectors of society to proactivelyintroduceindustrial investment projects for Jingzhou.

Article II. Conditions of Award
1. Conform to the national industrial policies;
2. Investment value, tax value, paid registration capital, and other relevant factors meet the required standards of the settlement place;
3. The project's industrial and commercial registration, tax registration, andfixed asset investment havebeen completed.
Article III. Objects of Award
About the first information provider andother major contributor(s) to the successful project investment, the registration information on the Jingzhou Projects Investment Promotion Record Formshall prevail.
Article IV. Award Standards
Graded awards willbe carried out in accordance with the actually completed fixed asset total investment amount.
Article V. Evaluation and Verification
The related project and award amount will be jointly evaluated by Jingzhou Municipal Investment Promotion Bureau, Audit Bureau, and FinanceBureau, and reported to themunicipal investment promotion leading group for final determination.

Article VI. Award Grant
For a project with a total investment of RMB one billion and above(including RMB one billion), the award will be granted from the municipal government budget; a project with a totalinvestment less than RMB one billion, the award will be granted from the local government budget where theproject is settle
For a project with a fixed asset investment over RMB 5 billion, RMB 500,000will be awarded as soon as the first phase investment capital is paid.
The award will be grantedin the first quarterannually based on the verified project of the previous year. The citylevel award will be granted by JingzhouMunicipalInvestmentPromotion Bureau.

Article VII. Those measures havebeen under a trial implementation since January 2013, and the implementation details will bedrafted jointly by Jingzhou Municipal Investment Promotion Bureau, Audit Bureau andFinance Bureau.