Article 1.
For exclusively investment Ventures, if the investor's
capital is more than 8 million used, 15% of the funds for newly increased land for construction use (called funds for land as follows) is borne by the local financial bureau, and the other 85% can be delayed to pay until the third year, which is temporarily paid by the local financial bureau.

Article 2.
For enterprises in which investors invest more than 8 million USD and meanwhile hold over 50% shares of stock, 10% of the funds for land is borne by the local financial bureau, and 60% of it can be delayed to pay until the third year, which is temporarily paid by the local financial bureau.

Article 4.
For exclusively investment ventures, if the investor's capital is over 4 million USD but less than 8 million USD, 12% of the funds for land is borne by the local financial bureau.

Article 5.
For enterprises in which investors invest over 4 million USD, but less than 8 million USD, and meanwhile hold more than 50% shares of stock, 8% to the funds for land is borne by the local financial bureau.

Article 6.
For enterprises that investors invest 4 million to 8 million USD, and the holding company is the local company, 6% of the funds for land is borne by the local financial bureau.

Article 8.
For investors who get the right to use the land transferred by the state, if invest more than 4 million USD, they can get the same amount of money to the funds for use of land in 5 years. Meanwhile, if invest less than 4 million USD, they can get the same amount of money to the funds for use of land in three years as reward.

Chapter 2. Charging Preference.

Article 10.
Those who invest less than 4 million USD in enterprises shall be exempted from half of the local administrative and operation fee of the city and below from registration day till going into operation.

Article 11.
Exclusive investment enterprises with investment exceeding 4 million USD shall be totally refunded the value-added tax (VAT) for local portion in the first 1-2 year of operation by the local financial bureau. The income tax for local portion shall be totally refunded in the first 5 profit-making years and 50% refunded in the next 6 to 8 profit-making years by the local financial bureau.

Article 12.
Enterprises with the investors' investment exceeding 8 million USD and meanwhile holding over 50% shares of stock shall be refunded 70% of the VAT for local portion in the first 1-2 years by local financial bureau. The income tax for local portion shall be totally refunded in the first 5 years and 35% refunded in the next 6-8 profit-making years by the local financial bureau.

Article 13.
For enterprises with the investors' investment exceeding 8 million USD, if their holding companies are the local companies, they shall be refunded 50% of the VAT for local portion in the first 1-2 years of operation by local financial bureau. The income tax for local portion shall be totally refunded in the first 5 profit-making years and 25% refunded in the next 6-8 profit-making years by the local financial bureau.

Article 14.
Exclusive investment enterprises with investment exceeding 4 million USD but less than 8 million USD shall be refunded 70% of the VAT for local portion in the first 1-2 years of operation by the local financing bureau. The income tax for local portion shall be totally refunded in the first 5 profit-making years, and 30% refunded in the next 6-8 profit-making years by the local financial bureau.

Article 16.
For enterprise with the investors' investment exceeding 4 million USD but less than 8 million USD, if their holding companies are the local companies, they shall be refunded 35% of the VAT for local portion in the first 1-2 years of operation by the coal financial bureau. The income tax for local portion shall be totally refunded in the first 5 profit-making years and 15% refunded in the next 6-8 profit-making years by the local financial bureau.

Article 17.
Enterprises with the investor's investment less than 4 million USD shall be refunded 25% of the VAT for local portion in the first 1-2 years of operation by the local financial bureau. The income tax for local portion shall be totally refunded in the first 1-2 profit-making years and 10% refunded in the next 3-5 profit-making years by the local financial bureau.

Article 18.
Project with the investment exceeding 100 million Yuan (RMB) can enjoys more favorable policies.

Article 19.
The policies enter into force after print and distribution. The office of Hengshui Businesses-invitation Leader Group is responsible for the explanation of the policies.