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Box 309 Tesbury Centre (Stock code: 279) George Town 28 Queen's Road East （股份代号:279 ） Grand Cayman Wanchai Cayman Islands Hong Kong British West Indies 香港股份过户登记分处: RIGHTS ISSUE OF 4,072,156,235 RIGHTS SHARES OF HK$0.10 EACH Head ofice and principal place 卓佳秘书商务有限公司 of business in Hong Kong:香港 AT HK$0.12 PER RIGHTS SHARE ON THE BASIS OF FIVE RIGHTS SHARES FOR 8/F, China United Centre 湾仔 EVERY ADJUSTED SHARE HELD ON THE RECORD DATE 28 Marble Road 皇后大道东28号 North Point 金钟汇中心26楼 PAYABLE IN FULL ON ACCEPTANCE Hong Kong BY NO LATER THAN

ON THURSDAY， 3 JULY 2008 总办事处及香港主要营业地点：按于记录日期每持有一股经调整股份获发五股每股面值0.10港元供股股份之基准香港按每股供股股份0.12港元之价格配售4，072，156，235股供股股份之供股北角马宝道28号股款最迟于二零零八年七月三日下午四时正接纳时缴足华汇中心8楼

The rights conflicts caused by the inconsonance or ambiguity of legislation can promote the evolvement of legal rights,while the rights conflicts caused by the new discovering of right space will make...

立法不协调或不明确所导致的权利冲突可以促进权利界分的演化；而权利空间再发现导致的权利冲突则使权利空间的实质增加或新权利的产生成为可能。

The positive test draws the following conclusions: control rights is significantly negatively related with firm value which indicates that the bigger control rights the actual controller hold, the lower firm value is; cash flow rights is significantly negatively related with firm value which may due to the ravening share bonus deeds by controlling shareholder; the separation ratio of cash flow rights to control rights is negatively related with firm value and not significant which may due to the ravening share bonus deeds,or the deficient market, or inadequate information exposure etc; stock proportion restriction is significantly positive related with firm value which indicates the good effect of stock proportion restriction; actual controller who participate in the management and the ratio of director who have position in controlling shareholder's company don't pass the significant test; the size of the company is significantly negatively related with firm value; the ROE cannot explain the firm value.

通过实证检验发现，我国金字塔结构下民营上市公司的治理效应有以下特征：控制权与公司价值显著负相关，说明实际控制人掌握的控制权越大，公司价值越低；现金流权与公司价值显著负相关，这可能与我国民营上市公司控股股东的"掠夺性分红"行为有关；现金流权与控制权的分离率和公司价值负相关且未通过显著性检验，这可能与控股股东的"掠夺性分红"行为有关，也可能与市场的不完善、信息披露的不充分等有关；股权制衡度与公司价值显著正相关，说明我国民营上市公司的股权制衡机制能够产生一定程度的效果；实际控制人参与管理情况与在控股股东单位任职的董事比例和公司价值的关系均未通过显著性检验；公司规模与公司价值显著负相关；ROE对公司价值没有解释力。

This Charter reaffirms, with due regard for the powers and tasks of the Community and the Union and the principle of subsidiarity, the rights as they result, in particular, from the constitutional traditions and international obligations common to the Member States, the Treaty on European Union, the Community Treaties, the European Convention for the Protection of Human Rights and Fundamental Freedoms, the Social Charters adopted by the Community and by the Council of Europe and the case-law of the Court of Justice of the European Communities and of the European Court of Human Rights.

基於尊重欧洲共同体与欧洲联盟之权力与职掌及辅助原则之前提，本宪章再次确认这些权利，因为这些权利源自於会员国共同之宪政传统与国际义务、欧洲联盟条约、欧洲共同体各条约、欧洲保护人权与基本自由公约、欧洲共同体与欧洲理事会所通过之各社会宪章及欧洲共同体法院与欧洲人权法院之判决。

The object of intangible assets contribution is elucidated by comparing some undistinguishable concepts including between stock right and net asset, labor services and human capital, credit and commercial reputation, creditors rights and rights of transfer credit to stock, intellectual property rights and industrial property rights. Finally, the correlative relation on quantity of the contribution byshareholders is discussed systematically with the legislation and precedent.

无形财产出资之标的物的内容中有很多容易引起混淆的概念，文中将重点对其进行对比分析，如股权出资与净资产出资、劳务出资和人力资本出资、信用出资和商誉出资、债权出资及债转股、知识产权出资和工业产权出资；(3)结合立法和有关案例系统阐述股东出资的相关数量关系。

Human rights crisis may turn up in the unintegrated human-right society characterized by a vicious circle of infringement of human rights caused by that people cherish their own rights but turn a blind eye to others'.

人权社会是社会成员共同创建的，是大家从爱护本身的人权到热爱社会的人权而做起。

And the suggestion is that this system needs to be newly constructed from the following aspects: Firstly, immigration right must be added into the Constitution to guarantee the legal basis on what the rights of immigration system established; Secondly, the formulation of a unified China immigration laws change the current unified legal system; Thirdly, improve relief measures of the rights of immigration both from the public and private aspects; Fourthly, to establish a new unified border security inspection department for private business, to optimize the original setup of the department and to recon figurate the powers and rights; Fifthly, the restrictions on the discretion of the executive and administrative areas, stress the right immigration's central authority attribution All in all, the text begins with the basic contents of human rights of immigration, bases itself on the theoretical framework of human rights, adopts a historical point of view and vertical and horizontal comparative study methods, fully inspects and discusses other countries and regions'immigration system, critically scrutinizes the immigration-related regulations in China's the immigration system, and tries to build a immigration system theory and practice system that complies with China's practical circumstances by using constructive thinking and facilitates actual operation.

总而言之，该文从通行权作为人权的基本内容出发，以人权为理论框架背景，立足于历史角度，采用纵向和横向比较研究的方法，在充分考察和讨论其他国家和地区出入境通行权制度的基础上，批判性的看待中国现在的出入境制度中关于出入境通行权的相关规定，并试图以建设性的思维试图构建起符合中国国情的出入境通行权的理论体系和实践体系，便于实践操作。

In this part, the author holds that under most circumstances ,the start and operation of the internal mechanism of the civil law are only decided by the party according to his own benefit; what the civil law should do and can do is just entitling rights and defining duty for the party; in the field of the civil law, the party arranges and realizes his own benefit by legalized rights—the conflicts and struggles of rights.

在本部分中作者认为，在很多情况下，民法内在机制之启动与运作仅仅由当事人根据自身的利益进行选择决定，民法所要做和所能做的也仅仅是为当事人赋予权利和确定义务。在民法的视野之内，当事人通过法律化了的利益——权利的对立与斗争来安排与实现自身的利益。

At present, people gradually realize that all kinds of human rights as integrity has mutual relation, liberal rights and social right are not two insolated right, and one could not been protected through separating oneself from another. So, judicial remedy of social rights included class action, social interpretation about civil and citizen rights as well as factual judicial protection of social rights by affirmative action has been generated in some countries and regions.

目前，人们逐渐认识到作为整体的人的各种权利具有相互关联性，自由权与社会权不是孤立的两类存在，无法脱离其中的一类权利来抽象地保护另一类权利，于是，一些国家和地区在可能的范围内发展了社会权的司法救济，包括集体申诉制度、对公民和政治权利的社会性解释、通过肯定性救济手段给予社会权利以事实上的司法保护与公益诉讼等形式。

In order to strengthen the intellectual property rights protection, collaborates to attack the abuse of authority, on November 21, 2003 the intellectual property rights protection alliance which by Shanghai, Nanjing, Hangzhou, Suzhou, Wuxi and so on 16 cities forms proclaims the founding. In March, 2004, by correspondence giant Hua Wei, the resurgence, the steel and iron giant canton steel works, the beautiful steel, chemical giant Maoming petrifies, Guangzhou petrifies, electrical appliances giant TCL, created Uygur, Kang Jia beautifully, and so on one batch of enterprises collaborates in Guangdong to establish our country first intellectual property rights protection association, in the same year Shantou establishment patent protection association.

为了加强知识产权保护、联手打击侵权行为，2003年11月21日由上海、南京、杭州、苏州、无锡等16个城市结成的知识产权保护联盟宣告成立。2004年3月，由通信巨头华为、中兴，钢铁巨头广钢、韶钢，化工巨头茂名石化、广州石化，家电巨头 TCL 、创维、康佳、美的等一批企业联手在广东成立了我国第一家知识产权保护协会，同年汕头市成立专利保护协会。

The split between the two groups can hardly be papered over.

这两个团体间的分歧难以掩饰。

This approach not only encourages a greater number of responses, but minimizes the likelihood of stale groupthink.

这种做法不仅鼓励了更多的反应，而且减少跟风的可能性。