A joint venture announcing its dissolution shall undergo liquidation procedures.
合营企业宣告解散时，应当进行清算。
The legal entity has been dissolved or entered into bankruptcy and completed liquidation procedures;
法人机构解散、破产并完成清算程序；
On completion of all liquidation procedures in accordance with Applicable Laws, the liquidation committee shall submit a final report to the Board for confirmation.
在按照相关法律完成清算程序后，清算委员会应向董事会提交最后报告由其核准。
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