Based on the “Classified administrative measures for accounting firms of Shanghai”, Shanghai Institute of Certified Public Accountants classifies the accounting firms of Shanghai to be 4 levels of A-D according to the professional ethic, practicing quality, internal management and comprehensive management.

　　On October 15, 2013, Shanghai branch of China Regal CPAs gets the notice from the Shanghai Institute of Certified Public Accountants that it has been appraised as B Level of accounting firm of Shanghai successfully. Shanghai branch will continually make best effort to complete its internal control system and develop business for being promoted to be A level of accounting of Shanghai in the near future.

　　From Shanghai branch

　　November 2013