Question: Our company was originally a Hong Kong merchant investment enterprise, mainly producing and selling various paper products, and was under the jurisdiction of the Economic and Trade Commission of a certain city. In November 1999, our company jointly signed a contract with a Hong Kong company to establish the Golden River Paper Industry Co., Ltd. as a joint venture. That year, the Economic and Trade Commission approved it as a Hong Kong merchant investment enterprise, and we completed the industrial and commercial registration, tax registration certificate, and other relevant procedures. After opening for business, we filed and paid urban real estate taxes, vehicle and vessel usage taxes, individual income taxes, and business taxes with the local tax bureau; we also filed and paid value-added taxes and corporate income taxes with the national tax bureau. According to relevant regulations, our company is temporarily not subject to urban construction tax and educational surcharges.
On June 20, 2001, after approval from the relevant higher authorities: Due to the Hong Kong merchant investment enterprise gifting its 55% share in the Golden River Paper Company to a certain Chinese real estate company, after the equity change, the Golden River Paper Company has changed from a Hong Kong merchant investment enterprise to a domestically-funded enterprise. Simultaneously...