Completion of Liquidation. 22.5.1 After the completion of the liquidation, the liquidation committee shall formulate the liquidation completion report which shall include: (1) the reasons, period and procedure of the liquidation; (2) the disposal of the credits and debts; and (3) the results of the disposal of the liquidation assets. 22.5.2 The liquidation completion report shall be submitted to the original examination and approval authority for record after confirmed by the board of directors. The board of directors shall apply with the original examination and approval authority for cancelling the joint venture within fifteen (15) days after the liquidation completion report is submitted to the original examination and approval authority.
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Sources: Sino Foreign Joint Venture Contract, Joint Venture Agreement (GCL Silicon Technology Holdings Inc.)