Transfer price for Chengli Project

$

27,699,945

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

$

21,273,412

Transfer price for Xuzhou Huayu Project

17,620,887

Interest payable on entrusted loan at September 30, 2020

9,387,757

Transfer price for Shenqiu Phase I and II Projects

18,658,463

Add back: Xi’an TCH investment in entrusted loan

11,013,054

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

(2,667,543

)

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

(11,306,736

)

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

8,801,643

Add back: loan principle repaid by Xi’an TCH

27,477,708

$

63,979,295

$

63,979,295