One or both of the two parties employ Eurasian Consulting （"EC"） as adviser

EC helps to bring about the initial communication between the two parties

The two parties sign Letter of Intent

EC coordinates the formation of project process plan

EC organizes the two parties to exchange visits and assists in business negotiations

Depending on different situations, the two parties sign MoU of JV or Framework Agreement

The two parties decide the methods and amount of investment contribution; EC organizes assessment agencies and financial, law, environment and tax etc team to do assets appraisal and Due Diligence

EC summarizes the results of assets appraisal and Due Diligence

EC assists the legal adviser in drafting and preparing Project Feasibility Report, JV contract, Articles of Association of the JV and other related legal documents

The two parties sign the contract

Administration for Industry & Commerce

Department in charge of relevant industry sectors

District Development and Reform Commission

District Bureau of Commerce

District Bureau of Commerce

Administration for Industry & Commerce

Administration of Quality and Technology Supervision

Administration of Foreign Exchange, bank

Accounting firm

Bureau of Taxation

Depending on different projects, Land Use Permit from Land Department and relevant procedures regarding construction at Construction Department may be needed

Relevant procedures at Planning, Environment and Fire Department