Dear Alumni,

We are glad to announce that PUAASC's 501(c)(3) application has been formally

approved by IRS. With the approval, PUAASC is now a charitable non-profit

organization, which will provide us great advantages to obtain help from

communities and government agencies for our future activities. In addition, all

donations to PUAASC since April 2002 will be tax deductible.

Below is the brief history of the whole efforts.

- The proposal for applying for 501(c)(3) was initiated by Bryan Xu when he was

the President of PUAASC in 2001.

- The proposal was documented as a recommendation to the new Board of Directors

when it was elected in January 2002.

- Julie Gao, the Board Director and senior attorney of Latham & Watkins,

volunteered the execution of the lengthy process starting with searching and

reserving the name of PUAASC in the California's organizations list.

- In April 2002, after the BOD approval, the Article of Corporation was

submitted and approved by the State of California.

- In June 2002, Prof. Paul Zhao, the PUAASC treasurer, led EC members to open a

new bank account at Bank of America with the newly assigned tax ID.

- Meanwhile, Julie drafted a 15 page PUAASC Bylaws.

- In September 2002, another BOD meeting involved heated discussion on details

of the Bylaws and approved it.

- In November 2002, more than 60 pages of forms and written documents were

prepared by Julie and submitted to IRS.

- In January 2003, IRS responded with 5 questions and a request of a revision

of the Statement of Revenues and Expenses.

- In February 2003, Julie called IRS and understood their main concerns. Then

she sent back an 8-page response.

Let's express our deepest appreciation to Julie and to other contributing

PUAASC leaders' dedication and accomplishment! Let's work together to build an

excellent charitable non-profit organization for the benefits of our alumni and

the Alma Mater we love!

Best regards,

PUAASC