On April 24, 2009, China's Supreme People's Court promulgated the Interpretations of the Supreme People's Court on Some Issues concerning the Application of Contract Law of People's Republic of China (II)(the “INTERPRETATIONS”), which interpret and clarify the ambiguities of the Contract Law in five aspects: the conclusion, effectiveness, performance and termination of a contract and the liability of breach a contract. The INTERPRETATIONS became effective on May 13, 2009, the suspending dispute out of the contract executed after the Contract Law as well as the INTERPRETATIONS will be governed by the INTERPRETATIONS, whereas, the INTERPRETATIONS will not be applied to the rehearing of a final case.