EXHIBIT 10.20
< TRANSLATED DOCUMENT >
Shanghai Foreign Investment Committee
Fu Wai Zi Wei Pi Zi (2001) No. 1940
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Official Reply to the Request for Increase in Investment and Investor Name
Change of HuaWei Semiconductor (Shanghai) Co., Ltd.
Shanghai Songjiang Export Processing Zone Administrative Committee:
Your Wei Song Chu Zi (2001) No. 68 request for Increase in Investment of
Foreign Solely-funded HuaWei Semiconductor (Shanghai) Co., Ltd. and the
attached documents from your committee have been received. After careful study,
the official reply is given as follows:
1. It is agreed that the total investment of the project be increased from
US$ 29.90 million to US$90.00 million, a net increase of US$60.10 million;
and that the registered capital be increased from US$ 12.00 million to
US$30.00 million, a net increase of US$18.00 million, which is contributed
in U.S. dollars through the bank. The investor shall pay 15% of the
increased registered capital within 3 months since the date of issuance of
the industrial and commercial business license, and pay off the remaining
sum within 3 years since the date of issuance of the business license. The
balance between the increased total investment and the increased registered
capital shall be raised by the investor from the relevant bank outside
China.
2. It is agreed that the name of investor of HuaWei Semiconductor (Shanghai)
Co., Ltd. be changed from Omniview Technology International Ltd. to HuaWei
Technology International Ltd.
3. It is agreed that the amended portion of the original Article of HuaWei
Semiconductor (Shanghai) Co., Ltd. that was resulted from this approved
change be accepted, and that the unaffected portion remain effective.
4. This investment falls into the category of "Phtoto Electronic Devices,
Sensor Devices Components & Transducers Production", Article 3 of Title 11
for Electronic Industry of "Foreign Investment Industry Directory". The
company is entitled to receive various benefits allowed under the policy.
After receiving the official approval, please wait for the official notice from
this agency to exchange for the Certificate of Approval.
Shanghai Foreign Investment Committee
December 10, 2001
Key words: Foreign Investment Solely-funded Increase in Investment Name Change
Official Reply
_______________________________________________________________________________
CC: Foreign Economic and Trade Committee, Shanghai Planning Committee, Economic
and Trade Committee, Planning Bureau, Environmental Protection Bureau,
Shanghai Administrative Bureau of Industry and Commerce, Taxation Bureau
( Foreign Taxation Office ), Shanghai Foreign Exchange Administrative
Sub-bureau, Shanghai Customs, HuaWei Semiconductor (Shanghai) Co., Ltd.
_______________________________________________________________________________
CERTIFICATE OF APPROVAL
FOR ESTABLISHMENT OF ENTERPRISES WITH FOREIGN
INVESTMENT IN THE PEOPLE'S
REPUBLIC OF CHINA
Approval No. Foreign Economic & Trade Fu Du Zi Zi [2000]
No. 2030
Code No. of Import 3100607426059
and Export Enterprise
Date of Approval December 19, 2000
Date of Issuance December 20, 2001
of Certificate
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Name of Enterprise: | Chinese | [_][_][_][_][_][_][_][_][_][_][_][_]
|--------------------------------------------------------
| English | HuaWei Semiconductor (Shanghai) Co. Ltd.
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Address of Enterprise: | Shanghai Songjiang Export Processing Zone Songkai
| Land Block No. III-11
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Type of Enterprise: | Foreign-invested Enterprise
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Term of Operation: | 50 Years
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Total Investment: | Ninety Million US Dollars
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Registered Capital: | Thirty Million US Dollars
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Name of Investor: | Place for Registration: | Investment Volume:
| |
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| Cayman Islands | USD 30 million
HuaWei Technology | |
International Ltd. | |
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| Produce CMOS image sensor, spare parts and accessories,
Scope of Business: | and distribute the products manufactured by the company
| itself.
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