(Adopted at the 23rd Meeting of the Standing Committee of the Tenth National People’s Congress on August 27, 2006)

Contents

Chapter I General Provisions

Chapter II Application and Acceptance

Section 1 Application

Section 2 Acceptance

Chapter III Administrator

Chapter IV A Debtor’s Property

Chapter V Expenses for Bankruptcy Proceedings and Debts Incurred for the Common Good of Creditors

Chapter VI Declaration of Claims

Chapter VII Creditors’ Meeting

Section 1 General Provisions

Section 2 The Creditors’ Committee

Chapter VIII Reorganization

Section 1 Application for and Period of Reorganization

Section 2 Formulation of and Approval for a Reorganization Plan

Section 3 Implementation of a Reorganization Plan

Chapter IX Compromise

Chapter X Bankruptcy Liquidation

Section 1 Bankruptcy Declaration

Section 2Realization and Distribution

Section 3 Termination of the Procedure for Bankruptcy

Chapter XI Legal Liability

Chapter XII Supplementary Provisions