Common use of Type of Factoring Clause in Contracts

Type of Factoring. No recourse right is attached. If the Lessee under the Finance Lease Agreement I and the Finance Lease Agreement II fails to fully pay the Lease Receivables within the agreed timeframe due to credit issues, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Subject of the Transactions Pursuant to the Factoring Agreement I, the Company has agreed to transfer the creditor’s rights and relevant rights of the undue Lease Receivables under the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB241,104,125.21. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights of the Lease Receivables and provide lease factoring services to the Company. The Company does not separately calculate the profits before and after tax of such Lease Receivables. Pursuant to the Factoring Agreement II, the Company has agreed to transfer the creditor’s rights and relevant rights of the undue Lease Receivables under the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights of the Lease Receivables and provide lease factoring services to the Company. The Company does not separately calculate the profits before and after tax of such Lease Receivables. Pursuant to the Factoring Agreement III, the Company has agreed to transfer the creditor’s rights and relevant rights of the undue Lease Receivables under the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB365,792,318.18. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights of the Lease Receivables and provide lease factoring services to the Company. The Company does not separately calculate the profits before and after tax of such Lease Receivables.

Type of Factoring. No The recourse right is attached. If the Lessee under any lessees to the Finance Lease Agreement I VIII, the Finance Lease Agreement IX and the Finance Lease Agreement II X fails to fully pay settle any undue amount from the Lease Receivables VIII (i.e. RMB45,035,148), the Lease Receivables IX (i.e. RMB43,000,498) and the Lease Receivables X (i.e. RMB48,280,357.67) within the agreed timeframe due to credit issuestime limit, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Subject Transfer of the Transactions Undue Lease Receivables Pursuant to the Factoring Agreement IIV, for obtaining the factoring facility of approximately RMB69,374,537.8 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under VIII (i.e. RMB45,035,148) and the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB241,104,125.21. The IX (i.e. RMB43,000,498) and the Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables VIII (i.e. RMB45,035,148) and provide lease factoring services to the CompanyLease Receivables IX (i.e. RMB43,000,498). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables VIII and the Lease Receivables IX. Pursuant to the Factoring Agreement IIV, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under X (i.e. RMB48,280,357.67) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyX (i.e. RMB48,280,357.67). The Company does not separately calculate the profits profit before and after tax of such the Lease Receivables. Pursuant Receivable X. Factoring Charge and Interests The charge for factoring services pursuant to the Factoring Agreement IIIIV amounted to approximately RMB503,870.37. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the Company has agreed day before facility payment date equivalent to transfer the creditorone year loan prime rate announced by the People’s rights and relevant rights Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the undue factoring facilities interest is the same as the amount of interest payable under the Lease Receivables VIII and the Lease Receivables IX by the lessees under the Finance Lease Agreement II VIII and the Finance Lease Agreement IX and will be paid by the Company to the Factoring Bank, with Bank upon receipt of the total transfer principal of Lease Receivables of RMB365,792,318.18rent paid by the lessees on each rent payment date. The charge for factoring services pursuant to the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank has agreed of China + 30 basic points (one basic point equal to receive such creditor’s rights and relevant rights 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and provide lease factoring services will be paid by the Company to the Company. The Company does not separately calculate Factoring Bank upon receipt of the profits before and after tax of such Lease Receivablesrent paid by the lessees on each rent payment date.

Type of Factoring. No The recourse right is attached. If the Lessee under any lessees to the Finance Lease Agreement I and the Finance Lease Agreement II fails to fully pay settle any undue amount from the Lease Receivables I (i.e. RMB66,139,642) and the Lease Receivables II (i.e. RMB66,138,192) within the agreed timeframe due to credit issuestime limit, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Subject Transfer of the Transactions Undue Lease Receivables Pursuant to the Factoring Agreement I, for obtaining the funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under I (i.e. RMB66,139,642) and the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB241,104,125.21. The Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 3 days from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyI (i.e. RMB66,139,642). The Company does not separately calculate the profits profit before and after tax of such the Lease Receivables. Receivables I. Pursuant to the Factoring Agreement II, for obtaining the funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under II (i.e. RMB66,138,192) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 3 days from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyII (i.e. RMB66,138,192). The Company does not separately calculate the profits profit before and after tax of such Lease Receivables. Pursuant to the Factoring Agreement III, the Company has agreed to transfer the creditor’s rights and relevant rights of the undue Lease Receivables under the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB365,792,318.18. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights of the Lease Receivables and provide lease factoring services to the Company. The Company does not separately calculate the profits before and after tax of such Lease ReceivablesII.

Type of Factoring. No The recourse right is attached. If the Lessee under any lessees to the Finance Lease Agreement I I, the Finance Lease Agreement II and the Finance Lease Agreement II III fails to fully pay settle any undue amount from the Lease Receivables I (i.e. RMB30,052,627), the Lease Receivables II (i.e. RMB12,781,738) and the Lease Receivables III (i.e. RMB14,791,739) within the agreed timeframe due to credit issuestime limit, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Subject Transfer of the Transactions Undue Lease Receivables Pursuant to the Factoring Agreement I, for obtaining the funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under I (i.e. RMB30,052,627) and the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB241,104,125.21. The Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 3 days from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyLease Receivables I (i.e. RMB30,052,627). The Company does not separately calculate the profits profit before and after tax of such the Lease Receivables. Receivables I. Pursuant to the Factoring Agreement II, for obtaining the funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under II (i.e. RMB12,781,738) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 3 days from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyII (i.e. RMB12,781,738). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables II. Pursuant to the Factoring Agreement III, for obtaining the funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under III (i.e. RMB14,791,739) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB365,792,318.18. The Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The Funds shall be payable by the Factoring Bank to the Company within 3 days from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyIII (i.e. RMB14,791,739). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables III.

Type of Factoring. No The recourse right is attached. If the Lessee under any lessees to the Finance Lease Agreement I VIII, the Finance Lease Agreement IX, the Finance Lease Agreement X and the Finance Lease Agreement II XI fails to fully pay settle any undue amount from the Lease Receivables VIII (i.e. RMB45,035,148), the Lease Receivables IX (i.e. RMB43,000,498), the Lease Receivables X (i.e. RMB48,280,357.67) and the Lease Receivables XI (i.e. RMB28,319,848) within the agreed timeframe due to credit issuestime limit, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Subject Transfer of the Transactions Undue Lease Receivables Pursuant to the Factoring Agreement IIV, for obtaining the factoring facility of approximately RMB69,374,537.8 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under VIII (i.e. RMB45,035,148) and the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB241,104,125.21. The IX (i.e. RMB43,000,498) and the Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables VIII (i.e. RMB45,035,148) and provide lease factoring services to the CompanyLease Receivables IX (i.e. RMB43,000,498). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables VIII and the Lease Receivables IX. Pursuant to the Factoring Agreement IIV, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under X (i.e. RMB48,280,357.67) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyX (i.e. RMB48,280,357.67). The Company does not separately calculate the profits profit before and after tax of such the Lease Receivables. Receivable X. Pursuant to the Factoring Agreement IIIVI, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under XI (i.e. RMB28,319,848) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB365,792,318.18. The Factoring Bank has agreed to receive such creditor’s rights and relevant rights provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyXI (i.e. RMB28,319,848). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivable XI. Factoring Charge and Interests The charge for factoring services pursuant to the Factoring Agreement IV amounted to approximately RMB503,870.37. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 15 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables VIII and the Lease Receivables IX by the lessees under the Finance Lease Agreement VIII and the Finance Lease Agreement IX and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date. The charge for factoring services pursuant to the Factoring Agreement V amounted to approximately 0.65%. The interest rate applicable to the factoring facilities is 4.00%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables X by the lessees under the Finance Lease Agreement X and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date. The charge for factoring services pursuant to the Factoring Agreement VI amounted to RMB0. The interest rate applicable to the factoring facilities is 4.65%, being a rate on the day before facility payment date equivalent to the one year loan prime rate announced by the People’s Bank of China + 30 basic points (one basic point equal to 0.01%). Factoring facilities interest = factoring facilities balance × factoring facilities interest rate × actual occupancy day/360. The amount of the factoring facilities interest is the same as the amount of interest payable under the Lease Receivables XI by the lessees under the Finance Lease Agreement XI and will be paid by the Company to the Factoring Bank upon receipt of the rent paid by the lessees on each rent payment date.

Type of Factoring. No The recourse right is attached. If the Lessee under any lessees to the Finance Lease Agreement I V, the Finance Lease Agreement VI, the Finance Lease Agreement VII, the Finance Lease Agreement VIII and the Finance Lease Agreement II IX fails to fully pay settle any undue amount from the Lease Receivables V (i.e. RMB31,821,666), the Lease Receivables VI (i.e. RMB50,476,061), the Lease Receivables VII (i.e. RMB23,019,722), the Lease Receivables VIII (i.e. RMB45,035,148) and the Lease Receivables IX (i.e. RMB43,000,498) within the agreed timeframe due to credit issuestime limit, the Factoring Bank has no recourse for a claim against the Company in respect of the outstanding payment. Subject Transfer of the Transactions Undue Lease Receivables Pursuant to the Factoring Agreement III, for obtaining the factoring facility of approximately RMB68,217,954 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under V (i.e. RMB31,821,666) and the Finance Lease Agreement I to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB241,104,125.21. The VI (i.e. RMB50,476,061) and the Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables V (i.e. RMB31,821,666) and provide lease factoring services to the CompanyLease Receivables VI (i.e. RMB50,476,061). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables V and the Lease Receivables VI. Pursuant to the Factoring Agreement IIIII, for obtaining the factoring facility of approximately RMB17,455.25 from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under VII (i.e. RMB23,019,722) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB465,992,736.18. The Factoring Bank has agreed to receive such creditor’s rights and provide the relevant rights factoring facility to the Company. The relevant factoring facility shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables and provide lease factoring services to the CompanyVII (i.e. RMB23,019,722). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables VII. Pursuant to the Factoring Agreement IIIIV, for obtaining the Funds from the Factoring Bank, the Company has agreed to transfer and the Factoring Bank has agreed to receive the creditor’s rights and relevant rights of the undue sums from the Lease Receivables under VIII (i.e. RMB45,035,148) and the Finance Lease Agreement II to the Factoring Bank, with the total transfer principal of Lease Receivables of RMB365,792,318.18. The IX (i.e. RMB43,000,498) and the Factoring Bank has agreed to receive such creditor’s rights and relevant rights provide the Funds to the Company. The Funds shall be payable by the Factoring Bank to the Company within 1 day from the date of transfer of the undue sums of the Lease Receivables VIII (i.e. RMB45,035,148) and provide lease factoring services to the CompanyLease Receivables IX (i.e. RMB43,000,498). The Company does not separately calculate the profits profit before and after tax of such the Lease ReceivablesReceivables VIII and the Lease Receivables IX.