Upon receipt of complete application materials, the Company, following the principle of facilitating healthy development of the RMB cross-border payment business, should assess the completeness of the application materials, as well as the applicant's business capability, technical capability, risk and compliance management, etc. If the assessment is passed, the applicant would be admitted and the applicant should be notified; if the assessment is not passed, the applicant should be informed of the reasons for not being admitted.