Transfer price for Chengli Project

$

26,624,805

Entrusted loan payable at March 31, 2020, net with Xi’an TCH investment in entrusted loan (current and noncurrent)

$

20,447,710

Transfer price for Xuzhou Huayu Project

16,936,952

Interest payable on entrusted loan at March 31, 2020

8,389,311

Transfer price for Shenqiu Phase I and II Projects

17,934,256

Add back: Xi’an TCH investment in entrusted loan

10,585,595

Less: interest accrued from September 20, 2018 to March 31, 2020 (cut-off date for interest calculation for repayment was September 20, 2018)

(1,929,934

)

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

(10,867,878

)

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

8,460,017

Add back: loan principle repaid by Xi’an TCH

26,411,192

$

61,496,013

$

61,496,013