3. 合营企业在合营期内不得减少其注册资本。因投资总额和生产经营规模等发生变化，确需减少的，须经审批机构批准。 3. No joint venture may reduce its registered capital during the term of the joint venture. If there is a real need for reduction of the registered capital due to changes in the total amount of investment, the scale of production and operation, or other circumstances, such reduction shall be subject to approval by the examination and approval authority.
4. 合营一方向第三者转让其全部或部分股权的，须经合营他方同意，并报审批机构批准，向登记管理机构办理变更登记手续。 合营一方转让其全部或部分股权时，合营他方有优先购买权。 合营一方向第三者转让股权的条件，不得比向合营他方转让的条件优惠。 违反上述规定的，其转让无效。 4. If a party to a joint venture intends to transfer all or part of its equity to a third party, consent shall be obtained form the other parties to the joint venture, and approval from the examination and approval authority shall be required. Such transfer shall be registered with the registration authority for the corresponding changes in the registration particulars. When a party transfers all or part of its equity, the other parties shall have the preemptive right. In case one of party to the Joint Venture intends to transfer all or part of its interest rights, the other party shall be entitled to the preemptive right to buy such interest rights. When a party transfers its equity to a third party, the conditions offered for such transfer may not be more favorable than those offered to the other parties to the joint venture. Any transfer in contravention of the above provisions shall be invalid. Any transfer in breach of the proceeding provisions shall be void.
5. 合营企业注册资本的增加、减少，应当由董事会会议通过，并报审批机构批准，向登记管理机构办理变更登记手续。 5. Any increase in or reduction of the registered capital of a joint venture shall be approved by a board meeting and submitted to the examination and approval authority for approval. Such increase or reduction shall be registered with the registration authority for the corresponding changes in the registration particulars.
6.合营者可以用货币出资，也可以用建筑物、厂房、机器设备或者其他物料、工业产权、专有技术、场地使用权等作价出资。以建筑物、厂房、机器设备或其其他物料、工业产权、专有技术作为出资的，其作价由合营各方按照公平合理的原则协商确定，或者聘请合营各方同意的第三者评定。6. A party to a joint venture may make its capital contribution in money, or in the form of buildings, factory premises, machinery, equipment or other materials, industrial property, proprietary technology or site use rights, the value of which shall be appraised. Where the contribution is in the form of buildings, factory premises, machinery, equipment or other materials, industrial property or proprietary technology, the value thereof shall be determined by the parties to the joint venture through consultation and on the principle of fairness and reasonableness or shall be appraised by a third party agreed upon by parties to the joint venture.
7. 外国合营者出资的外币，按缴款当日中国人民银行公布的基准汇率折算成人民币或者套算成约定的外币。中国合营者出资的人民币现金，需要折算成外币的，按缴款当日中国人民银行公布的基准汇率折算。 7. The foreign exchange contribution made by the foreign party shall be converted into Renminbi or cross exchanged into a predetermined foreign currency at the standard exchange rate published by the People’s Bank of China on the day the payment is made. Where the cash contribution in Renminbi made by the Chinese party needs to be converted into a foreign currency, it shall be converted at the standard exchange rate published by the People’s Bank of China on the day the payment is made.
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