EX-10.1 2 f10q0619ex10-1_chinapharma.htm ENGLISH TRANSLATION OF THE LOAN AGREEMENT BETWEEN THE COMPANY AND ZHILIN LI DATED JULY 8, 2019
Certain information as identified with “[XXX]” has been excluded from this exhibit because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed.
Party A: Zhilin Li ID Number: [XXX]
Party B: Hainan Helpson Medical & Biotechnology Co., Ltd.
The two parties above have reached the following agreements with regards to a loan based on equality, voluntariness and consensus.
Party A agrees to lend Party B a loan of RMB￥4.77 million, and will release the funds in full amount by July 9, 2019.
Interest of the loan: 4.35% per annum (the benchmark interest rate for one-year loans)
Term of the loan: one year
Date and method of repayment: according to its financial conditions, Party B should pay back the principal and interest of the loan from time to time without affecting its production and operation, until all principal and interest are paid off.