Common use of Interest Rate and Interest Clause in Contracts

Interest Rate and Interest. 3.1 Method of determining interest rate for RMB borrowing: The interest rate on RMB borrowings is determined as follows: The interest rate for each withdrawal amounts determined by the base rate plus floating rate, where the base rate is the loan prime rate (LPR) for 1-year loans published by the National Interbank Offered Rate Center as of the business day immediately prior to the date of this agreement, and the floating rate is plus/minus 90 basis point (one basis point is 0.01%, same below). The floating points remain unchanged during the loan term. If the National Interbank Funding Center does not announce the LPR for the corresponding period on the working day before the interest rate determination date, the LPR announced by the National Interbank Funding Center on the previous working day shall prevail, and so on. After the first interest rate determination date, the interest rate shall be adjusted in the following A manner, regardless of whether or not a withdrawal has been made at that time: A. The interest rate shall be adjusted every 12 months, and the interest is calculated in installments. The interest rate determination date for the second and subsequent periods is the corresponding date one year after the first interest rate determination date, on which the lender adjusts the interest rate on the loan at the LPR for the loan of the preceding maturity period and the floating points published by the National Interbank Offered Rate Center on the preceding business day. In the event that a date corresponding to the first interest rate determination date does not exist in the month of adjustment, the last day of the month will be the corresponding date. B. The interest rate shall not be adjusted during the term of this loan. 3.2 Interest rate of loan in foreign currency. The interest rate on foreign currency borrowings is determined in the following manner / (1/2/3): (1) Fixed interest rate of % per annum, which remains unchanged during the term of the contract. (2) Term interest rate: The interest rate for each loan is determined by the pricing base plus a spread, where the pricing base is the term rate (weekly/monthly/yearly) of the term rate (LIBOR term rate/SOFR term rate/S▇▇▇▇ term rate/EURIBOR term rate/TORF term rate, etc.) that should be applied to each loan at (the date of withdrawal/contract commencement) (the first interest rate determination date), and the spread is (plus/minus) basis points (one basis point is 0.01%). The spread is (plus/minus) basis points (one basis point is 0.01%). The spread remains unchanged for the duration of the contract. In the case of a split withdrawal, the interest rate is calculated separately for each withdrawal. After the first interest rate determination date, the borrowing rate will be adjusted according to the following ways / (A/B/C), regardless of whether or not drawings have been made at that time, and the interest will accrue in installments: A. Adjustment by / (1/3/6/12) months, with one adjustment per period. The interest rate determination date for the second and subsequent periods shall be the date that corresponds to the expiration of one period from the first interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that date from that date onward. If there is no date corresponding to the first interest rate determination date in the month in which the adjustment is to be made, the last day of that month shall be the corresponding date. B. The first day of each interest period (i.e., the day following the end of the previous interest period) shall be the interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that date from that date. C. No adjustment throughout the term of the loan. (3) Floating overnight interest rate, the borrowing rate is based on the interest rate for each interest accrual date during the interest period (i.e., the withdrawal date and each natural day thereafter). The overnight financing rate applicable to the borrowing currency (SOFR/S▇▇▇▇/eSTR/SARON/T▇▇▇, etc.) is determined as a spread over the pricing basis (plus/minus) of the basis points, which remains unchanged during the term of the contract. Subsequent lenders determine the interest rate for each interest date based on the applicable pricing basis for that date and the aforementioned spread. The first interest rate determination date is the drawdown date of each loan, and the subsequent interest rate determination dates are each interest date after the first interest rate determination date, and the interest on the loan is calculated using the / (simple/combined simple/compound) method. 3.3 The Interest shall be accrued on a daily basis from the date of actual withdrawal and shall be settled on a monthly (monthly/quarterly/semi-annual) basis. Upon maturity of the loan, the remaining unsettled interest will be settled together with the principal. The daily interest rate for each interest-bearing day = annual interest rate/365 when the borrowing currency is GBP, AUD, CAD, SGD or HKD; for other currencies, the daily interest rate for each interest-bearing day = annual interest rate/360. 3.4 If the currency of the borrowing is RMB, the interest rate of late penalty under this contract shall be determined by adding 50% to the original borrowing rate; if the currency of the borrowing is foreign currency, the interest rate of late penalty under this contract shall be determined by adding / basis points to the original borrowing rate (0.01% for each basis point). The penalty and interest rate for misappropriation of the loan shall be determined by adding 100 % to the original borrowing rate.

Interest Rate and Interest. 3.1 Method [Determination of determining interest rate Interest Rate for RMB borrowing: The interest rate on RMB borrowings is determined as follows: The interest rate for each withdrawal amounts determined by the base rate plus floating rate, where the base rate is the loan prime rate (LPR) for 1-year loans published by the National Interbank Offered Rate Center as of the business day immediately prior to the date of this agreement, and the floating rate is plus/minus 90 basis point (one basis point is 0.01%, same below). The floating points remain unchanged during the loan term. If the National Interbank Funding Center does not announce the LPR for the corresponding period on the working day before the interest rate determination date, the LPR announced by the National Interbank Funding Center on the previous working day shall prevail, and so on. After the first interest rate determination date, the interest rate shall be adjusted in the following A manner, regardless of whether or not a withdrawal has been made at that time: A. The interest rate shall be adjusted every 12 months, and the interest is calculated in installments. The interest rate determination date for the second and subsequent periods is the corresponding date one year after the first interest rate determination date, on which the lender adjusts the interest rate on the loan at the LPR for the loan of the preceding maturity period and the floating points published by the National Interbank Offered Rate Center on the preceding business day. In the event that a date corresponding to the first interest rate determination date does not exist in the month of adjustment, the last day of the month will be the corresponding date. B. The interest rate shall not be adjusted during the term of this loan. 3.2 Interest rate of loan in foreign currency. The interest rate on foreign currency borrowings is determined in the following manner / (1/2/3):Loans] (1) Fixed interest rate of at ____% per annum, which remains shall remain unchanged during within the term of this Contract.. (2) Floating interest rate, the contractloan interest rate will be determined based on the benchmark interest rate plus floating range, among them, the benchmark interest rate is the benchmark loan interest rate of People’s Bank of China on the contract effective date (drawdown date / contract effective date) and of the corresponding level of term of loan as agreed in Paragraph 2.2, and the floating range is zero % (floating upward / floating downward / zero). After the Borrower’s drawdown, the loan interest rate shall take 12 (1 / 3 / 6 / 12) month(s) as one period and shall be adjusted in every period, and the interest thereof shall be calculated according to the loan interest rate as adjusted and applicable to such interest period. The interest rate applicable to each interest period subsequent to the initial period shall be determined on the same numerical date in the month of such adjustment as the drawdown date, if there is no same numerical date in the month of adjustment as the drawdown date, the interest rate for such period shall be determined on the last day of such month of adjustment, so it is the same for other period. If the Borrower makes more than one drawdown, the loan interest rate thereof shall be adjusted in accordance with item A below: A. Regardless of the times of drawdown within one period, the current loan interest rate determined on the determination date of interest rate of such period shall apply, and it will be adjusted in the next period simultaneously. B. The loan interest rate for each drawdown shall be determined and adjusted respectively. (3) Other: . 3.2 [Determination of Interest Rate for Foreign Currency Loans] (1) Fixed interest rate at ____ % per annum, which shall remain unchanged within the term of this Contract. (2) Term Floating interest rate: . The loan interest rate for each loan is determined by the pricing base plus a spread, where the pricing base is the term rate shall be month(s) (weeklyLIBOR/monthly/yearly) of the term rate (LIBOR term rate/SOFR term rate/S▇▇▇▇ term rate/EURIBOR term rate/TORF term rate, etc.) that should be applied to each loan at (the date of withdrawal/contract commencementHIBOR) (the first benchmark interest rate determination date), and the spread is (plus/minusrate) basis points plus a margin equal to base point(s) (one basis base point is equals to 0.01%). The spread is (plus/minus) basis points (margin shall remain unchanged within the term of this Contract. If the Borrower makes more than one basis point is 0.01%). The spread remains unchanged for the duration of the contract. In the case of a split withdrawaldrawdown, the loan interest rate is calculated separately for each withdrawaldrawdown shall be calculated separately. After the first interest rate determination dateBorrower has made drawdown, the borrowing benchmark interest rate will be adjusted in accordance with Item below, and the loan interest for each interest period shall be calculated according to the following ways / (A/B/C), regardless of whether or not drawings have been made at that time, loan interest rate as adjusted and the applicable to such interest will accrue in installmentsperiod: A. Adjustment by / (1/3/6/12) months, with one adjustment per periodThe benchmark interest rate will be adjusted in each interest period as applicable to such benchmark interest rate. The benchmark interest rate determination date for applicable to each interest period subsequent to the second and subsequent periods initial period shall be determined on the same numerical date that corresponds to in the expiration month of one period from such adjustment as the first interest rate determination drawdown date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that date from that date onward. If there is no date corresponding to the first interest rate determination same numerical date in the month in which of adjustment as the adjustment is to drawdown date, the benchmark interest rate for such period shall be made, determined on the last day of that such month shall be of adjustment, so it is the corresponding datesame for other period. B. The benchmark interest rate for each interest period shall be adjusted on the first day of each interest period (i.e., the day following the end of the previous such interest period) shall be the interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that date from that date. C. No adjustment throughout the term of the loan. (3) Floating overnight interest rate, the borrowing rate is based on the interest rate for each interest accrual date during the interest period (i.e., the withdrawal date and each natural day thereafter). The overnight financing rate applicable to the borrowing currency (SOFR/S▇▇▇▇/eSTR/SARON/T▇▇▇, etc.) is determined as a spread over the pricing basis (plus/minus) of the basis points, which remains unchanged during the term of the contract. Subsequent lenders determine the interest rate for each interest date based on the applicable pricing basis for that date and the aforementioned spread. The first interest rate determination date is the drawdown date of each loan, and the subsequent interest rate determination dates are each interest date after the first interest rate determination date, and the interest on the loan is calculated using the / (simple/combined simple/compound) methodOther: . 3.3 The Interest loan interest hereunder shall be accrued accrue from the actual drawdown date on a daily basis from the date of actual withdrawal basis, and shall be settled on a monthly every (monthlymonth/quarterlyquarter/semi-annual) basishalf year). Upon maturity of the loan, the remaining unsettled all outstanding interest will shall be settled paid together with the principal. The daily interest rate for each interest-bearing day = annual interest rate/365 when the borrowing currency is GBP, AUD, CAD, SGD or HKD; for other currencies, the daily interest rate for each interest-bearing day = shall be applicable annual interest rate/360. 3.4 If Penalty interest will be imposed in addition to the currency of the borrowing is RMB, the loan interest rate of late hereunder at % on any overdue amount (overdue penalty under this contract shall be determined by adding 50interest rate), or at % to the original borrowing on any amount that is used for any purpose other than those set out hereunder (misappropriation penalty interest rate; if the currency of the borrowing is foreign currency, the interest rate of late penalty under this contract shall be determined by adding / basis points to the original borrowing rate (0.01% for each basis point). The penalty and interest rate for misappropriation of the loan shall be determined by adding 100 % to the original borrowing rate.

Interest Rate and Interest. 3.1 Method of determining 1.1 For foreign currency loans with term interest rate for RMB borrowing: The interest rate rates or overnight floating rates, the pricing benchmark applicable on RMB borrowings is determined as follows: The interest rate for each withdrawal amounts determined by the base rate plus floating rate, where the base rate is the loan prime rate (LPR) for 1-year loans published by the National Interbank Offered Rate Center as of the business day immediately prior to the date of this agreement, and the floating rate is plus/minus 90 basis point (one basis point is 0.01%, same below). The floating points remain unchanged during the loan term. If the National Interbank Funding Center does not announce the LPR for the corresponding period on the working day before the interest rate determination date, date (T day; if the LPR announced by the National Interbank Funding Center on the previous working day shall prevail, and so on. After the first interest rate determination date, the interest rate shall be adjusted in the following A manner, regardless of whether or not a withdrawal has been made at that time: A. The interest rate shall be adjusted every 12 months, and the interest is calculated in installments. The interest rate determination date is not a business day, the immediately preceding business day shall be deemed T day) shall be the rate displayed on the Refinitiv or Bloomberg terminal for the second and subsequent periods pricing benchmark specified herein as of T-N business days. **If the pricing benchmark is negative, it shall be treated as zero.** The business day refers to the corresponding date one year after local business day of the first interest rate determination date, on which the lender adjusts the interest rate on the loan at the LPR pricing benchmark administrator for the loan of currency. For term interest rates, N = 2; for overnight floating rates, N = 5. For clarity, the preceding maturity period and SOFR term rate specified herein refers to the floating points SOFR term rate published by the National Interbank Offered Rate Center on the preceding business day. In the event that a date corresponding to the first interest rate determination date does not exist in the month of adjustment, the last day of the month will be the corresponding date. B. The interest rate shall not be adjusted during the term of this loan. 3.2 Interest rate of loan in foreign currency. The interest rate on foreign currency borrowings is determined in the following manner / (1/2/3): (1) Fixed interest rate of % per annum, which remains unchanged during the term of the contract. (2) Term interest rate: The interest rate for each loan is determined CME as recognized by the pricing base plus a spread, where ARRC; the pricing base is the term rate (weekly/monthly/yearly) of the term rate (LIBOR term rate/SOFR term rate/S▇▇▇▇▇ term rate/EURIBOR rate specified herein refers to the ▇▇▇▇▇ term rate/TORF term raterate published by Refinitiv. If the pricing benchmark undergoes significant changes, etcthe then-effective market rules shall apply. If the Lender requires the Borrower to sign a supplementary agreement regarding such matters, the Borrower shall cooperate.) that should be applied to each loan at (the date of withdrawal/contract commencement) (the first interest ** 1.2 For floating-rate determination date), and the spread is (plus/minus) basis points (one basis point is 0.01%). The spread is (plus/minus) basis points (one basis point is 0.01%). The spread remains unchanged for the duration of the contract. In the case of a split withdrawalloans under this Agreement, the interest rate is calculated separately for each withdrawal. After the first adjustment rules after loan default shall remain unchanged. 1.3 For loans with monthly interest rate determination datesettlement, the borrowing rate will be adjusted according to the following ways / (A/B/C), regardless of whether or not drawings have been made at that time, and the interest will accrue in installments: A. Adjustment by / (1/3/6/12) months, with one adjustment per period. The interest rate determination settlement date for the second and subsequent periods shall be the 20th of each month; for quarterly interest settlement, the interest settlement date that corresponds to shall be the expiration 20th of one the last month of each quarter; for semi-annual interest settlement, the interest settlement date shall be June 20 and December 20 of each year. 1.4 The first interest period shall commence from the first interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that actual drawdown date from that date onward. If there is no date corresponding to the first interest rate determination date in the month in which the adjustment is to be made, settlement date; the last day of that month shall be the corresponding date. B. The first day of each interest period (i.e., shall commence from the day following the end of the previous interest period) shall be the interest rate determination date, and the borrowing rate shall be adjusted according period to the pricing basis and spread applicable on that date final repayment date; other interest periods shall commence from that the day following the end of the previous interest period to the next interest settlement date. C. No adjustment throughout 1.5 Loan interest = Loan principal × daily interest rate × actual days of usage. For loans with interest rates determined under Article 3.2(3) of Part I and calculated using the term of the loan. (3) Floating overnight simple and compound interest ratecombination method, the borrowing rate is interest calculation rules are as follows:** For the portion calculated based on the interest rate for each interest accrual date during the interest period (i.e., the withdrawal date and each natural day thereafter). The overnight financing rate applicable to the borrowing currency (SOFR/S▇▇▇▇/eSTR/SARON/T▇▇▇, etc.) is determined as a spread over the pricing basis (plus/minus) of the basis points, which remains unchanged during the term of the contract. Subsequent lenders determine the interest rate for each interest date based on the applicable pricing basis for that date and the aforementioned spread. The first interest rate determination date is the drawdown date of each loan, and the subsequent interest rate determination dates are each interest date after the first interest rate determination date, and the interest on the loan is calculated using the / (simple/combined simple/compound) method. 3.3 The Interest shall be accrued on a daily basis from the date of actual withdrawal and shall be settled on a monthly (monthly/quarterly/semi-annual) basis. Upon maturity of the loan, the remaining unsettled interest will be settled together with the principal. The daily interest rate for each interest-bearing day = annual interest rate/365 when the borrowing currency is GBP, AUD, CAD, SGD or HKD; for other currenciesbenchmark, the daily interest rate for each interest-bearing business day = annual (Loan principal + accumulated unpaid interest rate/360. 3.4 If the currency as of the borrowing is RMBprevious natural day) × applicable benchmark daily interest rate; for non-business days, the interest shall be the same as that of the immediately preceding business day, unless the loan principal changes, in which case the interest shall be adjusted accordingly. The portion calculated based on the spread shall be calculated using the simple interest method. Business days herein refer to the local business days of the pricing benchmark administrator for the loan currency. For loans using the equal principal and interest repayment method, the repayment amount shall be calculated as follows: Monthly repayment amount = $\frac{\text{Loan principal} \times \text{periodic interest rate} \times (1 + \text{periodic interest rate})^{\text{number of repayment periods}}}{(1 + \text{periodic interest rate})^{\text{number of repayment periods}} - 1}$ 1.6 If the People’s Bank of China adjusts the loan interest rate of late penalty determination method and such adjustment applies to the loan under this contract shall be determined by adding 50% to Agreement, the original borrowing rate; if the currency relevant regulations of the borrowing People’s Bank of China shall apply, and the Lender shall not notify the Borrower separately. 1.7 If the loan interest rate is foreign currencydetermined at the execution of this Agreement to be the LPR minus a certain number of basis points, the Lender reserves the right to reassess the interest rate of late penalty under this contract shall be determined by adding / basis points concession granted to the original borrowing rate (0.01% for each basis point)Borrower annually. The penalty Based on national policies, the Borrower’s credit status, and changes in loan guarantees, the Lender may decide to partially or wholly cancel the interest rate for misappropriation of concession and notify the Borrower accordingly. 1.8 Unless otherwise specified, the loan shall be determined by adding 100 % to interest rates herein are annualized rates calculated using the original borrowing ratesimple interest method.

Interest Rate and Interest. 3.1 Method of determining 1.1 For foreign currency loans with term interest rate for RMB borrowing: The interest rate rates or overnight floating rates, the pricing benchmark applicable on RMB borrowings is determined as follows: The interest rate for each withdrawal amounts determined by the base rate plus floating rate, where the base rate is the loan prime rate (LPR) for 1-year loans published by the National Interbank Offered Rate Center as of the business day immediately prior to the date of this agreement, and the floating rate is plus/minus 90 basis point (one basis point is 0.01%, same below). The floating points remain unchanged during the loan term. If the National Interbank Funding Center does not announce the LPR for the corresponding period on the working day before the interest rate determination date, date (T day; if the LPR announced by the National Interbank Funding Center on the previous working day shall prevail, and so on. After the first interest rate determination date, the interest rate shall be adjusted in the following A manner, regardless of whether or not a withdrawal has been made at that time: A. The interest rate shall be adjusted every 12 months, and the interest is calculated in installments. The interest rate determination date is not a business day, the immediately preceding business day shall be deemed T day) shall be the rate displayed on the Refinitiv or Bloomberg terminal for the second and subsequent periods pricing benchmark specified herein as of T-N business days. **If the pricing benchmark is negative, it shall be treated as zero.** The business day refers to the corresponding date one year after local business day of the first interest rate determination date, on which the lender adjusts the interest rate on the loan at the LPR pricing benchmark administrator for the loan of currency. For term interest rates, N = 2; for overnight floating rates, N = 5. For clarity, the preceding maturity period and SOFR term rate specified herein refers to the floating points SOFR term rate published by the National Interbank Offered Rate Center on the preceding business day. In the event that a date corresponding to the first interest rate determination date does not exist in the month of adjustment, the last day of the month will be the corresponding date. B. The interest rate shall not be adjusted during the term of this loan. 3.2 Interest rate of loan in foreign currency. The interest rate on foreign currency borrowings is determined in the following manner / (1/2/3): (1) Fixed interest rate of % per annum, which remains unchanged during the term of the contract. (2) Term interest rate: The interest rate for each loan is determined CME as recognized by the pricing base plus a spread, where ARRC; the pricing base is the term rate (weekly/monthly/yearly) of the term rate (LIBOR term rate/SOFR term rate/S▇▇▇▇▇ term rate/EURIBOR rate specified herein refers to the ▇▇▇▇▇ term rate/TORF term raterate published by Refinitiv. If the pricing benchmark undergoes significant changes, etcthe then-effective market rules shall apply. If the Lender requires the Borrower to sign a supplementary agreement regarding such matters, the Borrower shall cooperate.) that should be applied to each loan at (the date of withdrawal/contract commencement) (the first interest ** 1.2 For floating-rate determination date), and the spread is (plus/minus) basis points (one basis point is 0.01%). The spread is (plus/minus) basis points (one basis point is 0.01%). The spread remains unchanged for the duration of the contract. In the case of a split withdrawalloans under this Agreement, the interest rate is calculated separately for each withdrawal. After the first adjustment rules after loan default shall remain unchanged. 1.3 For loans with monthly interest rate determination datesettlement, the borrowing rate will be adjusted according to the following ways / (A/B/C), regardless of whether or not drawings have been made at that time, and the interest will accrue in installments: A. Adjustment by / (1/3/6/12) months, with one adjustment per period. The interest rate determination settlement date for the second and subsequent periods shall be the 20th of each month; for quarterly interest settlement, the interest settlement date that corresponds to shall be the expiration 20th of one the last month of each quarter; for semi-annual interest settlement, the interest settlement date shall be June 20 and December 20 of each year. 1.4 The first interest period shall commence from the first interest rate determination date, and the borrowing rate shall be adjusted according to the pricing basis and spread applicable on that actual draw down date from that date onward. If there is no date corresponding to the first interest rate determination date in the month in which the adjustment is to be made, settlement date; the last day of that month shall be the corresponding date. B. The first day of each interest period (i.e., shall commence from the day following the end of the previous interest period) shall be the interest rate determination date, and the borrowing rate shall be adjusted according period to the pricing basis and spread applicable on that date final repayment date; other interest periods shall commence from that the day following the end of the previous interest period to the next interest settlement date. C. No adjustment throughout 1.5 Loan interest = Loan principal × daily interest rate × actual days of usage. For loans with interest rates determined under Article 3.2(3) of Part I and calculated using the term of the loan. (3) Floating overnight simple and compound interest ratecombination method, the borrowing rate is interest calculation rules are as follows: ** For the portion calculated based on the interest rate for each interest accrual date during the interest period (i.e., the withdrawal date and each natural day thereafter). The overnight financing rate applicable to the borrowing currency (SOFR/S▇▇▇▇/eSTR/SARON/T▇▇▇, etc.) is determined as a spread over the pricing basis (plus/minus) of the basis points, which remains unchanged during the term of the contract. Subsequent lenders determine the interest rate for each interest date based on the applicable pricing basis for that date and the aforementioned spread. The first interest rate determination date is the drawdown date of each loan, and the subsequent interest rate determination dates are each interest date after the first interest rate determination date, and the interest on the loan is calculated using the / (simple/combined simple/compound) method. 3.3 The Interest shall be accrued on a daily basis from the date of actual withdrawal and shall be settled on a monthly (monthly/quarterly/semi-annual) basis. Upon maturity of the loan, the remaining unsettled interest will be settled together with the principal. The daily interest rate for each interest-bearing day = annual interest rate/365 when the borrowing currency is GBP, AUD, CAD, SGD or HKD; for other currenciesbenchmark, the daily interest rate for each interest-bearing business day = annual (Loan principal + accumulated unpaid interest rate/360. 3.4 If the currency as of the borrowing is RMBprevious natural day) × applicable benchmark daily interest rate; for non-business days, the interest shall be the same as that of the immediately preceding business day, unless the loan principal changes, in which case the interest shall be adjusted accordingly. The portion calculated based on the spread shall be calculated using the simple interest method. Business days herein refer to the local business days of the pricing benchmark administrator for the loan currency. For loans using the equal principal and interest repayment method, the repayment amount shall be calculated as follows: Monthly repayment amount = $\frac{\text{Loan principal} \times \text{periodic interest rate} \times (1 + \text{periodic interest rate})^{\text{number of repayment periods}}}{(1 + \text{periodic interest rate})^{\text{number of repayment periods}} - 1}$ 1.6 If the People’s Bank of China adjusts the loan interest rate of late penalty determination method and such adjustment applies to the loan under this contract shall be determined by adding 50% to Agreement, the original borrowing rate; if the currency relevant regulations of the borrowing People’s Bank of China shall apply, and the Lender shall not notify the Borrower separately. 1.7 If the loan interest rate is foreign currencydetermined at the execution of this Agreement to be the LPR minus a certain number of basis points, the Lender reserves the right to reassess the interest rate of late penalty under this contract shall be determined by adding / basis points concession granted to the original borrowing rate (0.01% for each basis point)Borrower annually. The penalty Based on national policies, the Borrower’s credit status, and changes in loan guarantees, the Lender may decide to partially or wholly cancel the interest rate for misappropriation of concession and notify the Borrower accordingly. 1.8 Unless otherwise specified, the loan shall be determined by adding 100 % to interest rates herein are annualized rates calculated using the original borrowing ratesimple interest method.