I. System Introduction

The Unified Registration and Publicity System for Movables Financing provides registration and inquiry services through the Internet，the website is https://www.zhongdengwang.org.cn.

The Unified Registration and Publicity System for Movables Financing provides 24/7 service, except for maintenance time. When the service should be suspended for system maintenance and upgrading, the Credit Reference Center will make prior announcement on the registration system website.

II. User

1.User type

Ordinary user：Individuals can register as ordinary user, which only has inquiry function.

Regular user：Both Institutions and individuals can register as regular user, which has registration and inquiry functions.

2.Registration and Review Procedure

2.1. Ordinary User Registration Procedure

Individuals applying for ordinary user may directly visit the webpage of the registration system to register. The applicant's clicking on the "Agree" button is deemed to be bound by the User Service Agreement of the Unified Registration and Publicity System for Movables Financing (hereinafter referred to as the "User Agreement").

2.2. Regular User Registration Procedure

(1)Registration

Institutions and individuals applying for regular user shall first visit the webpage of the registration system to fill in registration information, and the applicant’s clicking on the "Agree" button is deemed to be bound by the User Agreement.

(2)User Qualification Examination

①Examination of Institutional Regular User’s Qualification

Institutional regular user shall submit the following materials to the Credit Reference sub-Center in the domicile of the institution:

A. Registration documents of the organization (the photocopy thereof to be affixed with the official seal) , including: a. Financial institutions shall provide copies of the license for financial business and the duplicate of the industrial and commercial business license, and produce the original of the duplicate of the industrial and commercial business license；b. Enterprise shall provide a copy of the industrial and commercial business license and produce the original; c. Public institutions shall provide a copy of the registration certificate for a public institution as a legal person and produce the original; d. Other institutions shall provide a copy of the registration certificate issued by the registration administrative departments , and produce the original；

B. Completed and signed application form for regular user activation (affixed with the official seal);

C. The copy of the organization code certificate，and produce the original（affixed with the official seal，financial institutions or the institutions that have realized the integration of multiple certificates need not to submit );

D. The copy of the identity document of the legal representative or the responsible person；

E. The copy of the identity document of the authorized person, and produce the original；

F. The letter of Introduction（affixed with the official seal）；

G. Other materials required to be provided.

②Examination of Personal Regular User’s Qualification

A. Online Verification of Bank-card

The applicant need to verify through bank-card with “UnionPay” mark and UnionPay online payment function that under applicant’s own name.

B. On-site Examination

The applicant shall submit the following materials to the Credit Reference sub-Center:

a. The copy of personal identity document, and produce the original;

b. Completed and signed application form for regular user activation.

③Limitation Period for Examination

The examination results shall be entered into the registration system within 3 working days from the date of accepting the application, and the applicant shall be informed.

3.User Management

Institutional regular users shall set up a user administrator in the registration system, who creates and manages the operators of the organization. The operator shall log into the registration system with the login name set by the user administrator for registration or inquiry.

4.Change of User Information

4.1. Change of Institutional Regular User Information

If an institutional regular user applies for name change, user password reset, user deactivation or cancellation, the party concerned shall download and fill in the corresponding schedule, affix the official seal and send it to the credit reference center. If an institutional regular user applies for changing the legally registered name, it shall also provide a copy of the institution's identity certification materials before and after the name change and a copy of the name change certificate issued by the relevant departments, and affix their official seals.

4.2. Change of Personal Regular User Information

If a personal regular user applies for name change, certificate number change, user deactivation or cancellation, the party concerned shall download and fill in the corresponding schedule and send it to the Credit Reference Center after signing. If a personal regular user applies for name change or certificate number change, he or she shall also provide a copy of relevant certification materials and sign it.

4.3. Limitation Period for Examination

For the above applications reviewed and approved, the Credit Reference Center shall complete the processing within 3 working days from the date of receiving the application.

III. Registration

1.Registration Handler

The registration shall be handled by the secured creditors, or the secured creditors may authorize agents to register on his or her behalf (the provisions of the Rules on the secured creditors registration shall apply). After completing the registration, the authorized agents shall inform the principal of the relevant registration certificate number, modification code and other information.

2.Scope of Registration Business

The registration system supports the registration of the pledge of accounts receivable, the transfer registration of accounts receivable, financial lease, mortgage registration of production equipment, raw materials, semi-finished products and products entrusted by the credit reference center, retention of ownership registration, lien registration, inventory and warehouse receipt pledge registration, security deposits pledge registration, the registration of the trust of movable property, other registration entrusted by the credit reference center, registration of other types of movable secured Interests and other business types.

3.Registration Contents

The Registration Content include the information of the parties of the guarantee contract, the subject matter information, and a valid registration term, etc.

The filling-in person may fill in multiple parties' information at the same time according to the agreement of the guarantee contract.

The filling-in person may give a specific description or a general description of the subject matter information according to the contents of the guarantee contract, however, this description should reach the level where the subject matter can be identified.

The filling-in person may choose the valid registration term according to the need of rights publicity.

4.Certificate of Registration

The registration system will allocate a unique registration certificate number to the registration with complete input information elements and conforming format, record the registration time, and generate a registration document containing the registration time and registration certificate number.

5.Types of Registration

5.1. Initial Registration

The filling-in person handles the initial registration of the movable properties and the guarantee of rights.

5.2. Modification Registration

Where there is any omission, error or change in the contents of registration, the filling-in person shall conduct modification registration.

5.3. Extension Registration

The filling-in person may apply for an extension of the registration term within 90 days prior to the expiration（the filling-in person may extend the registration term more than one time, but the term extended each time shall not exceed 30 years）If the registration term has not been extended before the expiration date of the registration term, the registration will no longer be available for inquiry.

5.4. Dissidence Registration

If the relevant right holder or other interested person has any objection to the registration, he or she may negotiate with the filling-in person and request to modify or cancel the relevant registration. If the negotiation fails, a dissidence registration may be applied.

5.5.  Cancellation Registration

The registration term has not expired, but the principal creditor’s rights recorded in the registration cease to exist, the security rights are realized, the secured creditors give up the security right or there are other circumstances under which the registered pledge will cease to exist, the filling-in person shall cancel the registration within ten working days since the day when such circumstance occurs.

5.6. Revocation Registration

The Credit Reference Center shall, in respect of the application of the pledger or any other interested person and/or the pledgee, revoke the relevant registration in accordance with effective court decision or the arbitral award made by an arbitration organ against the said parties.

IV. Inquiry and Certificate Verification

1.Inquiry

1.1 Inquiry Scope

Any institution or individual may make an inquiry about the registration information of the movable properties and the guarantee of rights after registering as a user of the registration and public notification system. If 1) the registration term expires;2) the registration is cancelled and the cancellation exhibition term expires;3) the registration is revoked, the registration system will no longer provide online inquiry to the public. The parties concerned may apply to the Credit Reference Center for offline inquiry of relevant registration information.

1.2. Inquiry Conditions

The inquirer shall make an inquiry about the registration information in the registration system through the name of the guarantor or the registration certificate number as the retrieval standard. If the guarantor is an individual or an individual industrial and commercial household, the personal identification number shall be used as the retrieval standard for inquiry.

1.3. Inquiry Result

(1)Inquiry Report

The inquiry report refers to the report that the registration system displays all eligible registration certificates retrieved by the registration system to the user in the form of pages according to the inquiry conditions entered by the user. The display results include inquiry time, inquiry conditions and summary information of each registration certificate inquired. Users may download each registration certificate inquired on the inquiry report page.

(2)Certificate of Inquiry

Inquiry certificate refers to the certificate document that is applied by the user and given by the registration system to the inquiry report and contains the inquiry time, inquiry conditions and inquiry results. Each inquiry certificate has a unique and constant number, that is, the inquiry certificate number.

2.Certificate Verification

Certificate verification refers to any institution or individual verify the registration certificate and inquiry certificate in the registration system through the registration certificate number or inquiry certificate number.

Any organization or individual may use the certificate verification function on the front page of the registration system without logging into the registration system or registering as a user of the registration system. If the registration certificate has been revoked, the registration system will no longer provide certificate verification of the registration certificate.