Loan Agreement
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Summary Translation
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Exhibit 4.89
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Borrower : Xxxxx Xxxxxxxxx Trading Co., Ltd.
Lender : Hebei Shengrong Kaiyuan Auto Parts Co., Ltd.
Signing Date : July 19, 2010
Loan Amount : RMB20,000,000
Length of maturity : From July 19, 2010 to July 19, 2011
Loan Interest : 5.31%, adjustable in connection with the base rate established by the People’s Bank of China.
Date of Draft : July 19, 2010
Withdrawal Amount : RMB20,000,000
Payment Method : The principal shall be fully repaid with interest at the maturity date of the loan.
Repayment Date : July 19, 2011
