On February 12, 2010, the PRC Ministry of Commerce, the Ministry of Finance, the State Administration of Taxation, the State Administration for Industry and Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange jointly released the Circular on the Joint Annual Inspection of Foreign-invested Enterprises for 2010 (the “Circular”). Pursuant to the Circular, the joint annual inspection of foreign-invested enterprises (“FIEs”) for the year 2010 shall be conducted from March 1, 2010 to June 30, 2010.