Transfer price for Chengli Project

$

28,910,696

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

$

22,203,262

Transfer price for Xuzhou Huayu Project

18,391,086

Interest payable on entrusted loan at December 31, 2020

10,144,228

Transfer price for Shenqiu Phase I and II Projects

19,474,015

Add back: Xi’an TCH investment in entrusted loan

11,494,429

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

(3,130,276

)

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

(11,800,947

)

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

9,186,358

Add back: loan principle repaid by Xi’an TCH

28,678,743

$

66,775,797

$

66,775,797