Common use of Interest Rate and Interest Clause in Contracts

Interest Rate and Interest. 1.1 If the borrowing rate hereunder adopts floating interest rate, the rules for interest rate adjustment after the borrowing becomes overdue will still be executed according to the original method. 1.2 The expiry date for interest is the 20th day of every calendar month if the interest on borrowing is settled on monthly basis; and the 20th day of the last calender month of every quarter if settled on quarterly basis; and on June 20 and December 20 every year if settled on semi-annually basis. 1.3 The first interest period starts from the Borrower’s actual withdrawal date till the first expiry date for interest; the last interest period starts from the next day after end of previous interest period till the final repayment date; and the rest interest periods start from the next day after the end of previous interest period till the next expiry date for interest. 1.4 Interest of the loan = the borrowing principal * daily interest rate * actual days used. If to repay average principal plus interest, the calculating formula is as follows: Total principal plus interest per period = the borrowing principal * interest rate per period * (1+ interest rate per period) number of repaying period / (1+ interest rate per period) number of repaying period - 1 1.5 In case of adjustment of measures by the People’s Bank of China for determining the loan interest rate, then relevant regulations of the People’s Bank of China shall apply for handling, and the Lender will not serve any further notice to the Borrower. 1.6 When signing this Contract, if it is determined that the borrowing rate is executed by floating a certain percentage downwards from relevant loan benchmark interest rate published by the People’s Bank of China or the Loan Prime Rate (LPR) published by National Interbank Funding Center, the Lender is entitled to conduct reassessment every year on the preferential interest rate offered to the Borrower, voluntarily decide to cancel, in whole or in part, the preferential interest rate offered to the Borrower according to national policy, Borrower’s credit status and changes in loan guarantee etc., and inform the Borrower timely.

Interest Rate and Interest. 1.1 The LIBOR applicable to a foreign currency loan hereunder shall be the inter-bank offered rate applicable to the currency of such loan as shown on the “LIBO=” page of the Reuters’ financial messaging terminal at 11:00 am (London time) on the day that is two bank business days prior to the drawdown date or the benchmark interest rate adjustment date; the HIBOR shall be the inter-bank offered rate applicable to Hong Kong Dollar as shown on the “HIBO=” page of the Reuters’ financial messaging terminal at 11:15 am (Hong Kong time) on the day that is two bank business days prior to the drawdown date or the benchmark interest rate adjustment date. If there is any material change to the fixing method of LIBOR or HIBOR, the applicable business rules effective at the time shall apply. 1.2 If the borrowing rate loan hereunder adopts a floating interest rate, the rules for interest rate adjustment after the borrowing becomes overdue will still continue to be executed according to adjusted in accordance with the original methodadjustment rules after such loan is overdue. 1.2 The expiry date for 1.3 If interest is settled on a monthly basis, the settlement date shall be 20th day of every calendar month each month; if the interest on borrowing is settled on monthly a quarterly basis; and , the settlement date shall be 20th day of the last calender month of every quarter each quarter; and if interest is settled on quarterly a half-year basis; , the settlement date shall be 20 June and on June 20 and December 20 every year if settled on semi-annually basisof each year. 1.3 1.4 The first interest period starts shall commence from the Borrower’s actual withdrawal drawdown date till to the first expiry date for interestinterest settlement date; the last interest period starts shall commence from the next day after immediately following the end of previous the preceding interest period till to the final repayment date; and each of the rest other interest periods start period shall commence from the next day after immediately following the end of previous the preceding interest period till to the next expiry date for interestinterest settlement date. 1.4 Interest of the loan 1.5 Loan interest = the borrowing principal * x daily interest rate * x actual days usedof usage. If to repay average the equal principal plus interestand interest method is adopted, the calculating formula is as followsamount of each installment of principal and interest shall be calculated using the following formula: Total Each installment of principal plus and interest per period = the borrowing principal * x installment interest rate per period * x (11 + installment interest rate per period) number rate)number of repaying period / installments (11 + installment interest rate per period) number rate)number of repaying period - installments –1 1.5 In case of adjustment of measures by 1.6 If the People’s Bank of China for determining adjusts the method to determine the loan interest raterates, then relevant regulations provisions of the People’s Bank of China in relation to such adjustment shall apply for handling, and the Lender will not serve to this Contract without requiring any further notice from the Lender to the Borrower. 1.6 When signing 1.7 If at the time of execution of this Contract, if it the loan interest rate is determined that as the borrowing rate is executed by floating a certain percentage downwards from relevant loan benchmark interest rate LPR published by the People’s Bank of China or the Loan Prime Rate (LPR) published by National Interbank Funding CenterCenter minus certain basis points, the Lender is entitled has the right to conduct reassessment every year on review the preferential interest rate discount offered to the Borrower on an annual basis, and decide at its own discretion to cancel all or part of the interest rate discount offered to the Borrower, voluntarily decide to cancel, in whole or in partbased on the change of applicable government policies, the preferential interest rate offered creditworthiness of the Borrower and the security package of the loans, provided that such cancellation shall be promptly notified to the Borrower according to national policy, Borrower’s credit status and changes in loan guarantee etc., and inform the Borrower timely.

Interest Rate and Interest. 1.1 If the borrowing rate hereunder loan under this contract adopts floating interest rate, the rules for interest rate adjustment rules shall remain in accordance with the original method after the borrowing loan becomes overdue will still be executed according to the original methodoverdue. 1.2 The expiry If the loan is settled monthly, the date for of interest is settlement shall be the 20th day of every calendar month if each month; If interest is paid on a quarterly basis, the date of interest on borrowing is settled on monthly basis; and payment shall be the 20th day of the last calender month at the end of every quarter if settled each quarter; If interest is payable on quarterly a semi-annual basis; and on , the date of settlement shall be June 20 and December 20 every year if settled on semi-annually basisof each year. 1.3 The first interest period starts shall be from the Borrower’s actual date of withdrawal by the borrower to the date till the of first expiry date for interestinterest settlement; the The last interest period starts is from the next day after end of previous interest period till the final repayment date; and the rest interest periods start from the next day after the end of the previous interest period till to the date of final repayment; The remaining interest period is from the day after the end of the previous interest period to the next expiry date for interestpayment date. 1.4 Interest of the Loan interest = loan = the borrowing principal * x daily interest rate * x actual days usedof use. If to repay average the same amount of principal plus interestand interest repayment method is adopted, the calculating calculation formula is of principal and interest should be returned as follows: Total principal plus interest per period = the borrowing principal * interest rate per period * (1+ interest rate per period) number of repaying period / (1+ interest rate per period) number of repaying period - 1: 1.5 In in case of adjustment methods for determination of measures by the People’s Bank of China for determining the loan interest to adjust lending rate, then it shall be dealt with in accordance with the relevant regulations of the People’s Bank of China shall apply for handlingChina, and lenders no longer notice the Lender will not serve any further notice to the Borrowerborrower. 1.6 When If the loan interest rate determined at the time of signing this Contract, if it Contract is determined that the borrowing rate is executed reduced by floating a certain percentage downwards from relevant basis point in accordance with the loan benchmark market quoted interest rate published by the People’s Bank of China or the Loan Prime Rate (LPR) published by the National Interbank Funding Inter-Bank Lending Center, the Lender is entitled has the right to conduct reassessment every year on re-evaluate the preferential interest rate offered preference granted to the Borrower, voluntarily decide to cancelborrower every year, in whole or in partaccordance with national policies, the preferential borrower’s credit standing and changes in the loan guarantee, etc. The Lender shall, at its sole discretion, cancel all or part of the interest rate offered concessions granted to the Borrower according to national policyand promptly notify the Borrower. 1.7 Unless otherwise specified, Borrower’s credit status and changes the loan interest rate in loan guarantee etcthis Contract is the annualized interest rate calculated using the simple interest method., and inform the Borrower timely.

Interest Rate and Interest. 1.1 If the borrowing rate hereunder adopts floating interest raterate is employed for the loan hereunder, after the loan is overdue, the original way will still apply to the rules for adjustment of interest rate adjustment after the borrowing becomes overdue will still be executed according to the original methodrates. 1.2 The expiry date for If the loan interest is settled on a monthly basis, the date of interest settlement shall be the 20th day of every calendar each month; if interest is settled on a quarterly basis, the date of interest settlement shall be the 20th of the last month of each quarter; if the interest on borrowing is settled on monthly basis; and every half a year, the date of interest settlement shall be June 20th day of the last calender month of every quarter if settled on quarterly basis; and on June 20 and December 20 every year if settled on semi-annually basis20th of each year. 1.3 The first interest period starts is from the Borrower’s actual date of withdrawal date till of the Borrower to the first expiry date for interestof interest settlement; the last interest period starts is from the next day after end of previous interest period till the final repayment date; and the rest interest periods start from the next day after the end of the previous interest period till to the final date of repayment; the remaining interest period is from the day after the end of the previous interest period to the next expiry date for interestof interest settlement. 1.4 Interest Interests = Principal × Daily interest rate × Elapsed days. If the average principal & interest applies to the repayment, the capital & interest amount repayable shall be calculated in the following formula: Gross principal and interest of each period = (loan principal× interest rate of the loan = period × (1+interest rate of the borrowing principal * daily interest rate * actual days used. If to repay average principal plus interest, the calculating formula is as follows: Total principal plus interest per period = the borrowing principal * interest rate per period * period) number of repayment periods) / ((1+ interest rate per of the period) number of repaying period / (1+ interest rate per period) number of repaying period - 1repayment periods -1) 1.5 In case of adjustment of measures by If the People’s Bank of China adjusts the method for determining the loan interest rate, then the relevant regulations of the People’s Bank of China shall apply for handling, and the Lender will not serve prevail without any further notice from the Lender to the Borrower. 1.6 When signing this Contract, if it is If the interest rate of loans determined that while making and entering into the borrowing rate Contract is executed after being reduced by floating a certain percentage downwards from relevant basis point as per the loan benchmark interest prime rate published by the People’s Bank of China or the Loan Prime Rate (LPR) published announced by the National Interbank Funding Center, the Lender is shall be entitled to conduct reassessment every year on re-evaluate the preferential interest rate offered to the Borrower, voluntarily decide to cancel, in whole or in part, the preferential interest rate offered concessions granted to the Borrower according every year, and decide to cancel all or part of the interest rate concessions granted to the Borrower at its own discretion in line with the national policypolicies, the Borrower’s credit status and the changes in of loan guarantee etc.guarantee, and inform notify the Borrower timelyin a prompt manner. 1.7 Unless otherwise specified, the interest rate of loans herein shall be the annualized interest rate calculated by means of simple interest method.

Interest Rate and Interest. 1.1 If the borrowing rate hereunder adopts floating interest rate, the rules for interest rate adjustment after the borrowing becomes overdue will still be executed according to the original method. 1.2 The expiry date for interest is the 20th day of every calendar month if the interest on borrowing is settled on monthly basis; and the 20th day of the last calender month of every quarter if settled on quarterly basis; and on June 20 and December 20 every year if settled on semi-annually basis. 1.3 The first interest period starts from the Borrower’s 's actual withdrawal date till the first expiry date for interest; the last interest period starts from the next day after end of previous interest period till the final repayment date; and the rest interest periods start from the next day after the end of previous interest period till the next expiry date for interest. 1.4 Interest of the loan = the borrowing principal * daily interest rate * actual days used. If to repay average principal plus interest, the calculating formula is as follows: Total principal plus interest per period = the borrowing principal * interest rate per period * (1+ interest rate per period) number of repaying period / (1+ interest rate per period) number of repaying period - 1 1.5 In case of adjustment of measures by the People’s 's Bank of China for determining the loan interest rate, then relevant regulations of the People’s 's Bank of China shall apply for handling, and the Lender will not serve any further notice to the Borrower. 1.6 1.5 When signing this Contract, if it is determined that the borrowing rate is executed by floating a certain percentage downwards from relevant loan benchmark interest rate published by the People’s 's Bank of China or the Loan Prime Rate (LPR) published by National Interbank Funding Center, the Lender is entitled to conduct reassessment every year on the preferential interest rate offered to the Borrower, voluntarily decide to cancel, in whole or in part, the preferential interest rate offered to the Borrower according to national policy, Borrower’s 's credit status and changes in loan guarantee etc., and inform the Borrower timely.

Interest Rate and Interest. 1.1 If the borrowing rate hereunder loan under this contract adopts floating interest rate, the rules for of interest rate adjustment after the borrowing becomes loan is overdue will shall still be executed according to implemented in the original methodway. 1.2 The expiry If the loan is to be settled monthly, the interest settlement date for interest is shall be the 20th day of every calendar month each month; if the loan is to be settled quarterly, the interest on borrowing is settled on monthly basis; and settlement date shall be the 20th day of the last calender month of every quarter each quarter; if the loan is to be settled on quarterly basis; semiannually, the interest settlement date shall be the 20th day of June and on June 20 and the 20th day of December 20 every year if settled on semi-annually basisof each year. 1.3 The first interest period starts is from the date of the Borrower’s actual withdrawal date till to the first expiry date for interestinterest settlement date; the last interest period starts is from the next day after following the end of the previous interest period till to the final repayment date; and the rest remaining interest periods start are from the next day after following the end of the previous interest period till to the next expiry date for interestinterest settlement date. 1.4 Interest of the loan Loan interest = the borrowing Loan principal * x daily interest rate * x actual number of days usedof use. If to repay average the equal principal plus interestand interest repayment method is adopted, the formula for calculating formula the principal and interest repayable is as follows: Total principal plus and interest per period installment = the borrowing (loan principal * amount × installment interest rate per period * × (1+ 1+period interest rate per periodrate) number of repaying period / (1+ repayment periods)/((1+installment interest rate per periodrate) number of repaying period repayment periods - 1) 1.5 In case of adjustment of measures by the event that the People’s Bank of China for adjusts the method of determining the loan interest raterate of the loan, then it will be handled in accordance with the relevant regulations of the People’s Bank of China shall apply for handlingChina, and the Lender will not serve any further notice to notify the BorrowerBorrower separately. 1.6 When If the loan interest rate is determined at the time of signing this Contract, if it is determined that the borrowing rate is executed contract to be implemented by floating reducing a certain percentage downwards from relevant loan benchmark interest rate published by the People’s Bank number of China or basis points in accordance with the Loan Prime Market Quotation Rate (LPR) published by the National Interbank Funding CenterOffered Rate Center (NIBOR), the Lender is entitled shall have the right to conduct reassessment every year on reevaluate the preferential interest rate offered preference granted to the BorrowerBorrower annually, voluntarily and to decide on its own to cancel, cancel the interest rate preference granted to the Borrower in whole or in part, part in accordance with the preferential interest rate offered to the Borrower according to national policy, the Borrower’s credit status creditworthiness, and changes in loan guarantee the borrowing guarantee, etc., and inform to promptly notify the The Borrower timelyshall be notified in a timely manner. 1.7 Unless otherwise specified, the loan interest rates in this contract are annualized interest rates calculated using the simple interest method.