Summary Translation) Loan Agreement with Chongqing Rural Commercial Bank, Wanzhou BranchDaqo New Energy Corp. • April 24th, 2020 • Semiconductors & related devices
Use of loan proceeds 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 24th, 2020 • Semiconductors & related devices
Interest rate China’s National Inter-Bank Funding Center’s one-year loan prime rate as of the working day immediately before the date of actual drawdown plus 47.5 basis points.
Summary Translation)Daqo New Energy Corp. • April 24th, 2020 • Semiconductors & related devices
Loan Agreement with Xinjiang Shihezi Rural Cooperative Bank, Ruoqiang County Rural Credit Cooperative Association, Wushi County Rural Credit Cooperative Association, Kuche County Rural Credit Cooperative Association, Xinhe County Rural Credit Cooperative Association, Zepu County Rural Credit Cooperative Association, Shaya County Rural Credit Cooperative Association and Xinjiang Wusu Rural Commercial Bank Co., Ltd
Summary Translation) Credit Line Agreement with China Guangfa Bank, Urumqi BranchDaqo New Energy Corp. • April 24th, 2020 • Semiconductors & related devices
Penalty rate In the event of failure to repay the loan in accordance with the Agreement, the penalty rate shall be 50% over the interest rate In the event that Party B does not use the loan proceeds according to the Agreement, the penalty rate shall be 100% over the interest rate
Summary Translation)Loan Agreement • April 24th, 2020 • Daqo New Energy Corp. • Semiconductors & related devices
Loan Agreement with Xinjiang Shihezi Rural Cooperative Bank, Yecheng County Rural Credit Cooperative Association, Turpan City Rural Credit Cooperative Association and Xinjiang Urumqi Rural Commercial Bank Co., Ltd
Summary Translation) Loan Agreement with China Everbright Bank, Urumqi BranchDaqo New Energy Corp. • April 24th, 2020 • Semiconductors & related devices
Penalty rate In the event of late repayment, a penalty interest rate of 50% over the fixed rate will be imposed on the overdue loan until all principal and interest are repaid. In the event of applying the loan proceeds other than the usage provided in the Agreement, a penalty interest of 50% over the fixed rate will be imposed until all principal and interest are repaid. A compound interest will be imposed on any overdue interest.
Loan Agreement with China Minsheng Bank, Urumqi BranchDaqo New Energy Corp. • April 24th, 2020 • Semiconductors & related devices
Use of loan proceeds Payment for raw materials and supplementary materials, utilities and other operational purposes
Summary Translation) Loan Agreement with Bank of China, Zhenjiang BranchDaqo New Energy Corp. • April 24th, 2020 • Semiconductors & related devices
Interest rate 10% over PBOC’s one-year to five-year loan prime rate as of the working day immediately before the date of actual drawdown
