Use of Capital Supplemental Agreement (Unofficial English Translation Solely for Convenience)Use of Capital Agreement • May 21st, 2015 • Fuwei Films (Holdings), Co. Ltd. • Unsupported plastics film & sheet
On May 20, 2014, Fuwei Shandong entered into a Use of Capital Agreement with SNTON Group pursuant to which the parties agreed that SNTON Group will provide Fuwei Shandong with a loan for a total amount of RMB15,000,000 to solely to purchase raw materials. 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. Fuwei Shandong has agreed to repay the said amount of RMB15,000,000 plus interest before December 31, 2014.
Use of Capital Supplemental Agreement (Unofficial English Translation Solely for Convenience)Use of Capital Agreement • May 21st, 2015 • Fuwei Films (Holdings), Co. Ltd. • Unsupported plastics film & sheet
On April 2, 2014, Fuwei Shandong entered into a Use of Capital Agreement with Shandong SNTON pursuant to which the parties agreed that Shandong SNTON will provide Fuwei Shandong with a loan for a total amount of RMB105,000,000 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. Fuwei Shandong has agreed to repay the said amount of RMB105,000,000 upon obtaining a loan from Bank of Communications Co., Ltd. or through other financing means.
