Common use of Interest Rate and Interest Clause in Contracts

Interest Rate and Interest. 1.1 In respect of a foreign currency loan, LIBOR shall be the interbank lending rate for the currency of the loan hereunder shown on the “LIBO=” screen page (11:00 am London Time) on the REUTERS financial information terminal two banking business days before the drawdown date or the base rate adjustment date; and HIBOR shall be the interbank lending rate for HK dollars shown on the “HIBO=” screen page (11:15am HK Time) on the REUTERS financial information terminal two banking business days before the drawdown date or the base rate adjustment date. 1.2 If the interest of the loan is paid on a monthly basis, the 20th day of each month shall be the interest payment day; if the interest of the loan is paid on a quarterly basis, the 20th day of the last month of each quarter shall be the interest payment day; and if the interest of the loan is paid on a semi-annual basis, June 20th and December 20th of each year shall be the interest payment days. 1.3 The first interest period shall begin from the date of actual drawdown by the Borrower and end as of the first interest payment day; the last interest period shall begin as from the day immediately following the end of the preceding interest period and end as of the last repayment date; and the other interest periods shall each begin from the day immediately following the end of the preceding interest period and end as of the next interest payment date. 1.4 If the loan hereunder is extended at a floating rate, the rate adjustment rules shall be implemented in the manner as originally contemplated irrespective of any loan payment default. 1.5 If the People’s Bank of China adjusts loan interest rate determination methods and if such adjusted methods apply to the loan hereunder, relevant requirements of the People’s Bank of China shall then be observed without any further notice to the Borrower.

Interest Rate and Interest. 1.1 In respect the loan of a foreign currency loancurrency, LIBOR shall be means the interbank lending offered rate for of the currency of the loan hereunder shown displayed on the “LIBO=” screen page of Reuters financial telecommunication terminal at (11:00 am 11:00am, London Timetime) on the REUTERS financial information terminal Loan drawdown date or two banking business bank working days before the drawdown date or the base rate adjustment dateof benchmark interest rate; and HIBOR shall be means the interbank lending offered rate for HK dollars shown of the Hong Kong Dollar displayed on the “HIBO=” screen page of Reuters financial telecommunication terminal at (11:15am HK Time11:15am, Hong Kong time) on the REUTERS financial information terminal Loan drawdown date or two banking business bank working days before the drawdown date or the base rate adjustment dateof benchmark interest rate. 1.2 If the loan hereunder adopts a floating interest of rate, the interest rate will continue to be adjusted in accordance with the original adjustment rules after such loan is paid overdue. 1.3 If interest is settled on a monthly basis, the settlement date shall be 20th day of each month shall be the interest payment daymonth; if the interest of the loan is paid settled on a quarterly basis, the settlement date shall be 20th day of the last month of each quarter shall be the interest payment dayquarter; and if the interest of the loan is paid settled on a semihalf-annual year basis, the settlement date shall be 20 June 20th and 20 December 20th of each year shall be the interest payment daysyear. 1.3 1.4 The first interest period shall begin commence from the date of actual drawdown by the Borrower and end as of date to the first interest payment daysettlement date; the last interest period shall begin as commence from the day immediately following the end of the preceding interest period and end as of to the last final repayment date; and each of the other interest periods period shall each begin commence from the day immediately following the end of the preceding interest period and end as of to the next interest payment settlement date. 1.4 If the loan hereunder is extended at a floating rate, the rate adjustment rules shall be implemented in the manner as originally contemplated irrespective of any loan payment default. 1.5 If the People’s Bank of China adjusts the rules on determining the loan interest rate determination methods and if rate, such adjusted methods apply to the loan hereunder, relevant requirements provision of the People’s Bank of China shall then be observed without any further notice apply, the Lender will not otherwise inform the Borrower. 1.6 When the loan interest rate determined when signing this Contract is applied with a certain proportion of floating downward based on the relevant loan benchmark interest rate published by the People’s Bank of China, the Lender is entitled to reevaluate the preferential interest rate offered to the Borrower every year, in accordance with the national policy, the Borrower’s credit status and the change of loan security, the Lender may decide to cancel the preferential interest rate offered to the Borrower, in whole or in part, at its own discretion and inform the Borrower promptly.

Interest Rate and Interest. 1.1 In respect of a For foreign currency loanborrowing, LIBOR shall be is the interbank lending interest rate for the lending currency of under the loan hereunder shown Contract displayed on the Reuters financial telecommunications terminal “LIBO=” screen page two banking days (11:00 11: 00 am London Timetime) on prior to the REUTERS financial information terminal two banking business days before the drawdown withdrawal date or the base benchmark interest rate adjustment date; and HIBOR shall be is the interbank lending interest rate for HK dollars shown the lending currency under the Contract displayed on the Reuters financial telecommunications terminal “HIBO=” screen page (11:15am HK Time) on the REUTERS financial information terminal two banking business days before (11: 15 am Hong Kong time) prior to the drawdown withdrawal date or the base benchmark interest rate adjustment date. 1.2 If Should a floating interest rate be used for loans under the Contract, the original interest of the rate shall still be used for interest on overdue loans. 1.3 Should loan is paid interest be settled on a monthly basis, the 20th day of each month settlement date shall be the 20th of each month; should interest payment day; if be settled quarterly, the interest of the loan is paid on a quarterly basis, settlement date shall be the 20th day of the last month of each quarter quarter; should interest be settled semi-annually, the settlement date shall be the interest payment day; and if the interest of the loan is paid on a semi-annual basis, June 20th and 20 or December 20th 20 of each year year. 1.4 The first interest-bearing period shall be the interest payment days. 1.3 The first interest period shall begin from the actual date of actual drawdown by the Borrower and end as of withdrawal to the first interest payment daysettlement date; the last interest interest-bearing period shall begin as be from the day immediately following after the end of the preceding interest previous interest-bearing period and end as of to the last repayment final payment date; and the all other interest interest-bearing periods shall each begin be from the day immediately following date after the end of the preceding interest previous interest-bearing period and end as of to the next interest payment settlement date. 1.4 If 1.5 Loan Interest = Loan Principal × Daily Interest Rate × Actual Days of Use. Should the loan hereunder is extended at a floating rateequal principal and interest repayment method be adopted, the rate adjustment rules formula for calculating the principal and interest shall be implemented in the manner as originally contemplated irrespective of any loan payment default.follows: 1.5 If 1.6 Should the People’s Bank of China adjusts adjust its measures for determining loan interest rate determination methods and if such adjusted methods apply rates applicable to lending under the loan hereunderContract, the relevant requirements rules of the People’s Bank of China shall then be observed without any further adopted, and the Lender shall not provide separate notice thereof to the Borrower. 1.7 The lending rate determined at the signing of the Contract may float downward to a certain degree from the relevant loan benchmark interest rate published by the People’s Bank of China or the loan prime rate (LPR) published by the National Interbank Funding Center. The Lender is entitled to re-evaluate the Borrower’s interest rate concessions each year and determine whether to cancel, in part or in full, the interest rate concessions granted to the Borrower, based on national policies, the Borrower’s credit standing, lending guarantee changes, and other such circumstances, and promptly notify the Borrower of such a cancellation.

Interest Rate and Interest. 1.1 In respect the case of a foreign currency loanloans, the LIBOR shall be the interbank lending offered rate for applicable to the currency of the loan hereunder Loan under this Agreement as shown on the “LIBO=” screen page (of the Reuters’ financial messaging terminal at 11:00 am (London Timetime) on the REUTERS financial information terminal two banking business days before prior to the drawdown date or the base benchmark interest rate adjustment date; and the HIBOR shall be the interbank lending offered rate for HK dollars applicable to Hong Kong Dollar as shown on the “HIBO=” screen page of the Reuters’ financial messaging terminal at 11:15 am (11:15am HK TimeHong Kong time) on the REUTERS financial information terminal two banking business days before prior to the drawdown date or the base benchmark interest rate adjustment date. 1.2 If the interest of the loan is paid settled on a monthly basis, the settlement date shall be the 20th day of each month shall be the interest payment daymonth; if the interest of the loan is paid settled on a quarterly basis, the settlement date shall be the 20th day of the last month of each quarter shall be the interest payment dayquarter; and if the interest of the loan is paid settled on a semihalf-annual year basis, the settlement date shall be June 20th 20 and December 20th 20 of each year shall be the interest payment daysyear. 1.3 The first interest period shall begin from commence on the date of actual drawdown by the Borrower date and end as of on the first interest payment daysettlement date; the last interest period shall begin as from commence the day immediately following after the end of the preceding interest period and end as of on the last final repayment date; and each of the other interest periods shall each begin from commence the day immediately following after the end of the preceding interest period and end as of on the next interest payment settlement date. 1.4 If the loan hereunder is extended at Loan under this Agreement adopts a floating interest rate, the interest rate will continue to be adjusted in accordance with the original adjustment rules shall be implemented in after the manner as originally contemplated irrespective of any loan payment defaultLoan is overdue. 1.5 If the People’s 's Bank of China adjusts the method of determining the loan interest rates that is applicable to the Loan under this Agreement, relevant adjustments shall be made in accordance with the related regulations of the People's Bank of China. There is no need for the Lender to inform the Borrower of the adjustments. 1.6 If it is confirmed when signing this Agreement that the loan interest rate determination methods and if such adjusted methods apply to shall be the loan hereunder, relevant requirements of corresponding benchmark interest rate as announced by the People’s Bank of China shall then be observed without any further minus some percentage, the Lender has the right to re-assess the interest rate concessions offered to the Borrower every year based on the state policy, the Borrower’s credit condition, changes in the loan guarantee, etc. and decide for itself whether to cancel all or part of the interest rate concessions offered to the Borrower as well as giving prompt notice to the Borrower.

Interest Rate and Interest. 1.1 In respect of a foreign currency loanloans, LIBOR shall be the interbank lending refers to inter-bank offered rate for the of loan currency of the loan hereunder shown on the under this contract as displayed in financial telecommunication terminal “LIBO=” screen page (11:00 am London Time) on the REUTERS financial information terminal of REUTRES two banking business days before the drawdown date of withdrawal or the base date of adjustment of benchmark interest rate adjustment date(London time: Noon 11:00); and HIBOR shall be the interbank lending refers to inter-bank offered rate for HK dollars shown on the of HKD displayed in financial telecommunication terminal “HIBO=” screen page (11:15am HK Time) on the REUTERS financial information terminal of REUTRES two banking business days before the drawdown date of withdrawal or the base date of adjustment of benchmark interest rate adjustment date(Hong Kong time: Noon 11:15). 1.2 If floating interest rate is adopted for the loan under this contract, the interest rate adjustment rules shall still be executed according to the original method after the loan is overdue. 1.3 If the interest of the loan is paid settled on a monthly basis, the expiry date for interest is the 20th day of each month shall be the interest payment daymonth; if the interest of the loan is paid settled on a quarterly basis, the expiry date for interest is the 20th day of the last month of each quarter shall be the interest payment dayquarter; and if the interest of the loan is paid settled on a semi-annual semiannual basis, the expiry dates for interest are June 20th 20 and December 20th of each year shall be the interest payment days20 every year. 1.3 1.4 The first interest period shall begin starts from the date of actual drawdown by when the Borrower actual withdraws the loan and end as of ends on the first interest payment dayexpiry date for interest; the last interest period shall begin as starts from the next day immediately following the end after expiry of the preceding previous interest period and ends on the final repayment date; the remaining interest periods start from next day after expiry of previous interest period and end as of the last repayment date; and the other interest periods shall each begin from the day immediately following the end of the preceding interest period and end as of on the next interest payment date. 1.4 If the loan hereunder is extended at a floating rate, the rate adjustment rules shall be implemented in the manner as originally contemplated irrespective of any loan payment defaultexpiry date for interest. 1.5 If the People’s Bank of China adjusts the method for determination of loan interest rate determination methods and if such adjusted methods apply to the loan hereunderrate, relevant requirements regulations of the People’s Bank of China shall then be observed without any further notice followed and the Lender will not inform the Borrower separately. 1.6 If it is determined upon signing of this contract that the loan interest is executed by down-floating of a certain ratio based on relevant loan benchmark interest rate released by the People’s Bank of China, the Lender is entitled to reevaluate interest preference offered to the BorrowerBorrower every year as well as decide the cancelation of interest preference offered to the Borrower entirely or partly based on national policies, credit status of the Borrower and change of loan guarantee and timely inform the Borrower of the decision.

Interest Rate and Interest. 1.1 In respect of a For foreign currency loanborrowing, LIBOR shall be is the interbank lending interest rate for the lending currency of under the loan hereunder shown Contract displayed on the Reuters financial telecommunications terminal “LIBO=” screen “ page two banking days (11:00 11: 00 am London Timetime) on prior to the REUTERS financial information terminal two banking business days before the drawdown withdrawal date or the base benchmark interest rate adjustment date; and HIBOR shall be is the interbank lending interest rate for HK dollars shown the lending currency under the Contract displayed on the Reuters financial telecommunications terminal “HIBO=” screen “ page (11:15am HK Time) on the REUTERS financial information terminal two banking business days before (11: 15 am Hong Kong time) prior to the drawdown withdrawal date or the base benchmark interest rate adjustment date. 1.2 If Should a floating interest rate be used for loans under the Contract, the original interest of the rate shall still be used for interest on overdue loans. 1.3 Should loan is paid interest be settled on a monthly basis, the 20th day of each month settlement date shall be the 20th of each month; should interest payment day; if be settled quarterly, the interest of the loan is paid on a quarterly basis, settlement date shall be the 20th day of the last month of each quarter quarter; should interest be settled semi-annually, the settlement date shall be the interest payment day; and if the interest of the loan is paid on a semi-annual basis, June 20th and 20 or December 20th 20 of each year year. 1.4 The first interest-bearing period shall be the interest payment days. 1.3 The first interest period shall begin from the actual date of actual drawdown by the Borrower and end as of withdrawal to the first interest payment daysettlement date; the last interest interest-bearing period shall begin as be from the day immediately following after the end of the preceding interest previous interest-bearing period and end as of to the last repayment final payment date; and the all other interest interest-bearing periods shall each begin be from the day immediately following date after the end of the preceding interest previous interest-bearing period and end as of to the next interest payment settlement date. 1.4 If 1.5 Loan Interest = Loan Principal × Daily Interest Rate × Actual Days of Use. Should the loan hereunder is extended at a floating rateequal principal and interest repayment method be adopted, the rate adjustment rules formula for calculating the principal and interest shall be implemented in the manner as originally contemplated irrespective follows: (1 + Period Profit) Number of any loan payment default.Repayment Installments - 1 1.5 If 1.6 Should the People’s Bank of China adjusts adjust its measures for determining loan interest rate determination methods and if such adjusted methods apply rates applicable to lending under the loan hereunderContract, the relevant requirements rules of the People’s Bank of China shall then be observed without any further adopted, and the Lender shall not provide separate notice thereof to the Borrower. 1.7 The lending rate determined at the signing of the Contract may float downward to a certain degree from the relevant loan benchmark interest rate published by the People’s Bank of China or the loan prime rate (LPR) published by the National Interbank Funding Center. The Lender is entitled to re-evaluate the Borrower’s interest rate concessions each year and determine whether to cancel, in part or in full, the interest rate concessions granted to the Borrower, based on national policies, the Borrower’s credit standing, lending guarantee changes, and other such circumstances, and promptly notify the Borrower of such a cancellation.