Assignment amounts, in a sense, to reorganization of an enterprise. That explains why it is necessary to obtain approval from the examination and approval authority.

因为转让股权在一定意义上讲等于是企业重组，转让股权时要由审批机关批准，是很有必要的。

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"Approval certificate" means the certificate issued by the Examination and Approval Authority approving the establishment of the Company and this Contract and the Articles of Association.

“批准证书”指由审批机关签发的，批准成立合营公司、本合同以及公司章程的证书。

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Article 17 the examination and approval authority shall issue a license for establishment of a school to the privately-run school for the official establishment of which it gives approval.

第十七条审批机关对批准正式设立的民办学校发给办学许可证。

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