The key terms of the Equipment Purchase Loan are set out below:
- Principal: RMB 69 million.
- Maturity: 12 months from drawdown.
- Interest rate: 12% per annum.
- Repayment: the company shall repay the principal and accrued interests at maturity date.
- Guarantee and security: The company will provide a corporate guarantee to cover the principal and interest owed, and provide mining equipment with value no less than RMB 69 million as security.
