| 1 | Capitalist industry and commerce changed over to joint private-state operation by whole trades; | |
| 2 | The president and vice-president(s) (or the general manager and assistant general manager(s) in a factory) shall be chosen from the various parties to the equity joint venture. | |
| 3 | The Chairman are determined by the parties to the venture or elected by the board of directors. | |
| 4 | The joint venture company adopts Renminbi (RMB) as its accounts keeping unit. | |
| 5 | Should the chairman be unable to perform his duties, he shall authorize another director to represent the joint venture. |