Summary Translation) Loan Agreement with Chongqing Rural Commercial Bank, Wanzhou BranchDaqo New Energy Corp. • April 17th, 2019 • Semiconductors & related devices
Use of loan Working capital for purchase of raw materials and supplementary materials and other operational purposes
Summary Translation) Loan Agreement with Bank of China, Shihezi BranchDaqo New Energy Corp. • April 17th, 2019 • Semiconductors & related devices
Interest rate Calculated as National Inter-Bank Funding Center’s one-year loan prime rate as of the working day immediately before the date of actual drawdown plus 4 basis points
Mortgage Contract for the Cooperatives Loan Agreement Led by Xinjiang Shihezi Rural Cooperative BankDaqo New Energy Corp. • April 17th, 2019 • Semiconductors & related devices
Bank Acceptance AgreementBank Acceptance Agreement • April 17th, 2019 • Daqo New Energy Corp. • Semiconductors & related devices
Party B hereby submits an application to Party A, entrusting Party A to pay certain commercial drafts issued by Party B in a total amount of RMB120,000,000.00, and the information about these commercial drafts is as follows:
EQUITY TRANSFER AGREEMENTEquity Transfer Agreement • April 17th, 2019 • Daqo New Energy Corp. • Semiconductors & related devices
Summary Translation) Loan Agreement with China Everbright Bank Chongqing, Wanzhou BranchDaqo New Energy Corp. • April 17th, 2019 • Semiconductors & related devices
Penalty rate In the event of late repayment, a penalty interest rate of the fixed rate provided hereof plus 30% thereof will be imposed on the overdue loan until all principal and interest are repaid. In the event of applying loans other than the usage provided hereof, a penalty interest of the fixed rate provided hereof plus 50% thereof will be imposed until all principal and interest are repaid. A compound interest will be imposed on any overdue interest.
Three-Party Debt Service AgreementService Agreement • April 17th, 2019 • Daqo New Energy Corp. • Semiconductors & related devices
Whereas, Party A has lent RMB 47,256,274.89 in total to Party C from the year 2011 to the year 2018, and as of October 31, 2018, upon verification of the statements by the parties, it is concluded that Party C still owes RMB 47,256,274.89 to Party A.
Summary Translation) Loan Agreement with China Construction Bank, Wanzhou BranchDaqo New Energy Corp. • April 17th, 2019 • Semiconductors & related devices
Interest rate Calculated as China Construction Bank’s one-year loan prime rate as of the day immediately before Party A’s receipt of the first drawdown of loan, plus 0.137%. This interest rate will not change during the term of loan.
Summary Translation)Daqo New Energy Corp. • April 17th, 2019 • Semiconductors & related devices
Loan Agreement with Xinjiang Shihezi Rural Cooperative Bank, Ruoqiang County Rural Credit Cooperative Association, Wushi County Rural Credit Cooperative Association, Turpan City Rural Credit Cooperative Association, and Kuche County Rural Credit Cooperative Association
