Upon receipt of complete registration materials, the Company shall decide whether it should be registered, should not be registered or should be requested for supplementary materials.

If it is to be registered, the Company shall complete the system setup, including creating CIPS Code, setting the effective dates, etc. CIPS will broadcast the announcement to all direct participants before the effective dates.

If it is requested for supplementary materials or returned to the direct participant for further review, the Company should notify the direct participant.

If it is not to be registered, the Company should inform the direct participant to notify the applicant of the reasons.