Transfer price for Chengli Project

$

26,645,865

Entrusted loan payable at June 30, 2020, net with Xi’an TCH investment in entrusted loan (current and noncurrent)

$

20,463,884

Transfer price for Xuzhou Huayu Project

16,950,350

Interest payable on entrusted loan at June 30, 2020

8,711,500

Transfer price for Shenqiu Phase I and II Projects

17,948,442

Add back: Xi’an TCH investment in entrusted loan

10,593,969

Less: interest accrued from September 20, 2018 to June 30, 2020 (cut-off date for interest calculation for repayment was September 20, 2018)

(2,247,013

)

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

(10,876,474

)

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

8,466,709

Add back: loan principle repaid by Xi’an TCH

26,432,082

$

61,544,657

$

61,544,657