Loan Agreement
Exhibit 4.31
Contract No.: JK2023001
Party A (Lender): Antelope Holdings (Chengdu) Co., Ltd.
Party B (Borrower): Anhui Zhongjun Enterprise Management Co., Ltd.
According to the provisions of the Civil Code of the People’s Republic of China, regarding the loan from Party B to Party A, both parties, after full consultation, hereby agree as follows:
Section 1 Loan Amount: The total loan amount is RMB Thirty-Two Million Four Hundred Seventy Thousand (¥32,470,000.00).
Section 2 Loan Term: The loan term is three years from the date of disbursement.
Section 3 Disbursement and Repayment Agreement:
| 1. | Disbursement in Installments: |
| (1) | On March 31, 2023, a disbursement of RMB 10,000,000.00; | |
| (2) | On April 3, 2023, a disbursement of RMB 5,000,000.00; | |
| (3) | On April 4, 2023, a disbursement of RMB 5,000,000.00; | |
| (4) | On April 6, 2023, a disbursement of RMB 5,000,000.00; | |
| (5) | On April 7, 2023, a disbursement of RMB 5,000,000.00; | |
| (6) | On June 20, 2023, a disbursement of RMB 1,500,000.00; | |
| (7) | On June 27, 2023, a disbursement of RMB 970,000.00. |
| 2. | Repayment in Installments: |
| (1) | On March 30, 2026, repayment of principal RMB 10,000,000.00; |
| (2) | On April 2, 2026, repayment of principal RMB 5,000,000.00; | |
| (3) | On April 3, 2026, repayment of principal RMB 5,000,000.00; | |
| (4) | On April 5, 2026, repayment of principal RMB 5,000,000.00; | |
| (5) | On April 6, 2026, repayment of principal RMB 5,000,000.00; | |
| (6) | On June 19, 2026, repayment of principal RMB 1,500,000.00; | |
| (7) | On June 26, 2026, repayment of principal RMB 970,000.00. |
Section 4 Purpose of the Loan: Party B commits to using the loan for business operations. Party A reserves the right to supervise Party B’s use of the loan.
Section 5 Loan Interest: This loan is classified as an interest-free loan between enterprises; Party B shall repay the principal as scheduled on the repayment dates.
Section 6 Liability for Default: If Party B is unable to repay the loan on the due date, the parties may negotiate a solution. If no agreement can be reached, Party B shall bear the liability for breach of contract, and Party A shall have the right to sue Party B in court to recover the loan amount along with related litigation fees, preservation fees, announcement fees, execution fees, attorney fees, penalty fees, and other associated costs.
Section 7 Legal Effect: This agreement is executed in two copies, with each party holding one copy, both of which have equal legal effect.
Party A:/s/ Party A (Lender): Antelope Holdings (Chengdu) Co., Ltd.
Date:
Party B: /s/ Anhui Zhongjun Enterprise Management Co., Ltd.
Date:
