Loan Renewal Agreement
(Contract No. 2018-280003240021)
Lender: Evergrowing Bank Co., Ltd., Yantai
Huanshan Road Branch
Borrower: Wuhan Kingold Jewelry Co., Ltd
In consideration of the mutual promises,
covenants and agreements, Borrower and Lender agree as follows:
1. Currency: RMB.
2. Loan Amount: ONE HUNDRED MILLION.
3. This loan shall be used for purchasing
4. Renewal Term: 12 months from 10/21/2018
to 10/21/2019. This agreement is a renewal of the Loan Agreement of Circulating Funds (Evergrowing Bank No. 2016 280003240021).
5. Interest rate: 6.5%
6. Guarantees: the loan is guaranteed by
Borrower under a separate collateral pledge agreement and by Mr. Zhihong Jia under a guarantee agreement entered into by the relevant
The remaining terms and conditions of the
loan renewal agreement are substantially identical to that of the above-referenced original agreement.
Date: September 28, 2018
/seal/ Evergrowing Bank Co., Ltd.,
Yantai Huanshan Road Branch
/seal/ Wuhan Kingold Jewelry Co.,