Any Dispute arising out of or in connection with this Localization Agreement, including any question regarding its existence, validity or termination, that is not resolved by the Parties under Section 22.1 above shall be referred to and finally resolved by arbitration in Hong Kong administered by the Hong Kong International Arbitration Centre (hereinafter " HKIAC ") in accordance with the HKIAC Administered Arbitration Rules (hereinafter, the " HKIAC Rules ") then in force, which rules are deemed to be incorporated by reference in this Section, except as otherwise provided herein.  The arbitration tribunal shall consist of three (3) arbitrators, with a presiding arbitrator.  The presiding arbitrator shall not be a national of China nor of the United States of America and such arbitrator shall be fluent in English.  Party A and Party B shall each appoint one (1) arbitrator and the third arbitrator, who shall serve as the presiding arbitrator, shall be appointed by agreement between the Parties.  In the event that the Parties cannot agree on the nomination of the third arbitrator within fourteen (14) days of the arbitration tribunal accepting the case, the third arbitrator shall be appointed by the administrator of the arbitration tribunal.  The language to be used in the arbitration proceedings shall be English and Chinese.  All costs of arbitration (including arbitration fees, costs of arbitrators, costs of translation and interpretation and legal fees and disbursements) shall be determined by the arbitral tribunal in accordance with the HKIAC Rules.  The arbitral award shall be final and binding upon the Parties.