Yesterday, a reporter logged onto the Hong Kong Tax Department website, which published a list of charitable institutions and charitable trusts exempted from taxation according to Section 88 of the Inland Revenue Ordinance. The deadline was February 29, 2012. "ANIMALS ASIA FOUNDATION LIMITED" appeared on page 19 of the list. According to this regulation, public nature charitable organizations or charitable trusts exempted from taxation are for charitable purposes, or funds used by the government for charitable purposes. In its statement, Animals Asia Foundation said that the definition of a guarantee company in Hong Kong law is different from that defined in mainland China law. It is registered as a "guarantee limited company without share capital" in Hong Kong. "In Hong Kong, to set up a charity, you must first establish a legal entity, the most common way is to register a company first. After establishing the company, you can apply to become a charity," said Zhang Xiaohai, the China regional director of external affairs of the fund.