Legal basis: Article 10 of the Regulations on the Administration of People's Republic of China (PRC) Foundation * * * The articles of association of the foundation must specify the public welfare nature of the foundation, and shall not stipulate the contents that will benefit specific natural persons, legal persons or other organizations. The articles of association of the foundation shall specify the following items: (1) Name and domicile; (two) the purpose and business scope of the public welfare activities; (3) the amount of the original fund (4) the composition, powers and rules of procedure of the board of directors, the qualifications, procedures for the formation and term of office of directors; (5) Duties of the legal representative (6) Duties, qualifications, production procedures and term of office of supervisors; (seven) the preparation and examination system of financial and accounting reports (eight) the management and use system of property; (nine) the conditions and procedures for the termination of the foundation and the disposal of the property after termination.