On January 4, 2011, the State Administration of Taxation (“SAT”) promulgated Circular on Publishing the Catalogue of Normative Taxation Documents Which Are Totally or Partially Abolished (SAT Public Notice [2011] No.2, “Bulletin 2”). According to Bulletin 2, Article I, Article II,paragraph 1 and the first sentence of paragraph 2 of Article 3 (collectively, “Abolished Provisions”)of the Circular of the State Administration of Taxation on Relevant Issues Concerning the Payment of Enterprise Income Taxes by Foreign-Invested Venture Capital Investment Enterprises (Guoshuifa [2003] No.61, “Circular 61”) were abolished effective as of January 4,2011.