1、 Regarding:Foreign Investment Compliance Guidelines Version：Version 1 Date：February 2020 Foreign Investment Compliance Guidelines（2020.02 Version 1）GLO 环球律师事务所环球律师事务所|LexisNexis 律商联讯律商联讯 Exclusive Partnership 2 Disclaimer This report and its contents do not represent the legal opinions of Global Law

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3、or.If you require legal or other expert advice,we recommend that you seek professional help from a qualified professional.Contact Us If you want to know more about the contents of this report,you can contact the following partners of our law firm(these partners are the partners who wrote this report

4、,sorted in the order of the chapters of this report),or you can contact other partners and lawyers of our law firm：LIU JINRONG 刘劲容刘劲容 LIU CHENGWEI 刘成伟刘成伟 REN QING 任清任清 LIU ZHAN 刘展刘展 LIU SHUJUN 刘淑珺刘淑珺 KANG QIUNING 康秋宁康秋宁 SUN HAISHAN 孙海珊孙海珊 GUO SHIFANG 郭仕芳郭仕芳 3 ZHANG XIN 张昕张昕 ZHU LI 朱莉朱莉 LI ZHANKE 李占科

5、李占科 4 Foreign Investment Compliance Guidelines（2020.02 Version 1）GLO 环球律师事务所环球律师事务所|LexisNexis 律商联讯律商联讯 PART A NEW ERA OF FOREIGN INVESTMENT REGULATION.5 CHAPTER I NEW FOREIGN INVESTMENT REGULATORY FRAMEWORK.5 CHAPTER II ADJUSTMENTS AND TRANSITIONAL ARRANGEMENTS WITH RESPECT TO EXISTING FIES.11 CHAP

6、TER III ESTABLISHMENT,CHANGE AND DEREGISTRATION OF FOREIGN INVESTED ENTERPRISES UNDER THE NEW REGULATORY FRAMEWORK.14 PART B M&A,REORGANIZATION BY FOREIGN INVESTORS.28 CHAPTER IV M&A BY FOREIGN INVESTORS:THE M&A RULES,AFFILIATED M&A AND CROSS-BORDER EXCHANGE OF EQUITY INTEREST.28 CHAPTER V STRATEGIC