Transfer price for Chengli Project

$

27,040,423

Entrusted loan payable at December 31, 2019, net with Xi'an TCH investment in entrusted loan

$

20,766,903

Transfer price for Xuzhou Huayu Project

17,201,342

Interest payable on entrusted loan at December 31, 2019

8,200,044

Transfer price for Shenqiu Phase I and II Projects

18,214,214

Add back: Xi'an TCH investment in entrusted loan

10,750,839

Less: interest accrued from September 20, 2018 to December 31, 2019 (cut-off date for interest calculation for repayment was September 20, 2018)

(1,639,835

)

Less: portion of loan with repayment due date extended to year 2023

(11,037,528

)

Add back: interest & penalty repaid by Xi'an TCH

8,592,080

Add back: loan principle repaid by Xi'an TCH

26,823,476

$

62,455,979

$

62,455,979