Constitution of Shaoyang International Culture Association(5)

Article 31 SYICA shall collect membership fee from its members as per the relevant State regulations.
 
Article 32 The funds of SYICA must be used within the scope of business and the development of undertakings specified in the Constitution of SYICA and shall not be distributed among members.
 
Article 33 SYICA shall establish strict financial rules and regulations that ensure the legitimacy, authenticity, accuracy and completeness of the accounting information.
 
Article 34 SYICA shall hire qualified professional accounting personnel. Accountants shall not serve concurrently as cashiers. Accounting personnel must carry out financial accounting and implement accounting supervision. Handing-over procedures are compulsory for the accounting personnel before their transfer or resignation.
 
Article 35 Asset management of SYICA must be subject to the financial rules and regulations of the State and the supervision of the General Assembly, or the Members' Congress and the financial sector. Assets from the sources of government funding or social donations must be supervised by the auditing authority, and the related information shall be delivered to the public in a proper manner.


Article 36 SYICA must go through financial audit organized by the registration authority and the competent authorities before election or the change of the legal representative.
 
Article 37 The assets of SYICA shall not be misappropriated, divided or embezzled by any departments or institutions and individuals.
 
Article 38 Salary, insurance, and welfare policies of the full-time staff of SYICA shall be implemented with reference to the regulations for public institutions set by the government administration.
 
Chapter VI Amendment
 
Article 39 Amendments of the Constitution of SYICA must be submitted to the General Assembly or the Members' Congress for review after being adopted through voting by the Board of Directors.
 
Article 40 Before the amended Constitution of SYICA comes into force, it must be reviewed and approved by the competent authorities and verified by the registration authority within 15 days after it is passed by the General Assembly or the Members' Congress.


Chapter VII: Termination and Disposal of Property after Termination
 
Article 41 A termination motion shall be proposed by the Board of Directors or the Executive Board of Directors if SYICA has fulfilled its mission, or will dissolve spontaneously or will require cancelation due to separation, merger, or other causes.
 
Article 42 The termination motion of SYICA must be passed through voting at the General Assembly or the Members' Congress and submitted to the competent authorities for review and approval.
 
Article 43 SYICA　must establish a liquidating organization under the guidance of the competent authorities and the institutions concerned before dissolution to offset all claims and debts and deal with the follow-up issues. No activities other than liquidation shall be carried out during this period.
 
Article 44 SYCA shall be dissolved after the cancelation of registration is completed.
 
Article 45 The properties remaining after the dissolution of SYICA shall be used under the supervision of the competent authorities and the registration authority for the development of undertakings related to the mission of SYICA in accordance with the regulations of the State.
 
Chapter VIII  Supplementary Provisions
 
Article 46 The Constitution of SYICA was adopted by the Members' Congress on September 25, 2013.
 
Article 47 The Board of Directors of SYICA reserves the right for final interpretation of this Constitution.
 
Article 48 The Constitution of SYICA shall come into force on the date when it is approved by the registration authority.