Baiyang Century Investment Consultation Co., Ltd( hereinafter referred to as Baiyang” ) had 3 shareholders and was bankrupted about 10 years ago. After self-liquidated, the two minor shareholders should obtain RMB Yuan 400,000 of the net asset controlled by the major shareholders. Because the major shareholder refused to refund this fund to them,the two minor shareholders submitted a suit to the court.

　　On July 2012, Haidian Court of Beijing, appoints China Regal CPAs to be responsible for liquidating the assets of Baiyang”. Mr. Peigang He, the founder and executive partner of China Regal CPAs , organizes the liquidation team and holds the post of the team leader himself. The liquidation team did lots works, including communicating with 3 shareholders, tax authority, industrial & commercial authority, court and police station, reviewing various accounting materials and sending confirmation requests to the relevant parties. The total liquidation work lasted near a year. The conclusive liquidation result confirmed the major shareholder should refund RMB 400,000 to the two minor shareholders. Finally, the major shareholder agreed and paid the above fund to the two shareholders on September 17, 2013, the liquidation work was finished successfully.

　　On October 2013, two minor shareholders of Baiyang send a sill banner written with ”Equitable and Rigorous, High Efficient and Professional” to China Regal CPAs.

　　Assurance department

　　November 26, 2013