Transfer of Loan AgreementFuwei Films (Holdings), Co. Ltd. • November 23rd, 2020 • Unsupported plastics film & sheet
In April 2014, Fuwei Films (Shandong) Co., Ltd. (the “Fuwei Shandong”) entered into one Use of Capital Agreement with Shandong SNTON pursuant to which Fuwei Shandong obtained a loan for a total amount of RMB105.0 million from Shandong SNTON to pay off certain short-term loans due to Bank of Communications Co., Ltd. The interest shall be calculated at the benchmark rate, plus an additional 20% of the said benchmark rate, for the loan of the same term announced by the People’s Bank of China. The interest must be paid quarterly and settled in full at the end of the year. As of December 31, 2014, the principal of this loan and the interest have not been paid. In March 2015, the Fuwei Shandong entered into a supplemental agreement with Shandong SNTON pursuant to which the parties agreed that Fuwei Shandong will pay off the principal of this loan plus interest upon availability of new loans from banks or other financial institutions. To date, Fuwei Shandong paid back part of the loan.
Transfer of Loan AgreementFuwei Films (Holdings), Co. Ltd. • November 23rd, 2020 • Unsupported plastics film & sheet
Shandong SNTON and Shandong Shengjia have entered into a transfer of loan agreement pursuant to which Shandong SNTON transferred the remaining principal of its loan to Fuwei Shandong together with the related interest to Shandong Shengjia.
