Loan Agreement
| Summary Translation | Exhibit 4.24 |
Contract No. : 2012JIYINDAIZIDI12100178
Borrower : Hebei Xuhua Trade Co., Ltd.
Lender : CITIC Shijiazhuang Branch
Signing Date : March 6, 2012
Loan Amount : RMB150,000,000
Length of maturity : From March 6, 2012 to March 6, 2013
Use of Loan : Vehicle Purchase
Loan Interest : 7.872%
Date of Draft :March 6, 2012
Withdrawal Amount : RMB150,000,000
Payment Method : The interest should be repaid by monthly. The principal shall be fully repaid at the maturity date of the loan.
Repayment Date :March 6, 2012
Loan Guarantee : Guaranty of Pledge, Guaranty of Mortgage
- Ganglian Finance Leasing Co., Ltd entered into The Maximum Pledge Contract with the lender, with the contract no. 2012JIYINZUIQUANZHIZIDI12140160.
- Ganglian Finance Leasing Co., Ltd entered into The Maximum Mortgage Contract with the lender, with the contract no. 2012JIYINZUIBAOZIDI12120243.
