In accordance with the provisions of Resource Tax Law of the People’s Republic of China, resource tax is levied on the basis of the sales amounts or sales volumes of taxable resources, with its taxpayers being entities and individuals that develop taxable resources within the territory of the People’s Republic of China and other sea areas under the jurisdiction of the People’s Republic of China. The taxable items and tax rates of resource tax shall be governed by the Table of Taxable Items and Tax Rates of Resource Tax attached to Resource Tax Law.