Gold Lease Agreement between Wuhan Kingold Jewelry Co., Ltd. and China Construction Bank Wuhan Jiang An Branch
Wuhan Kingold Jewelry Co., Ltd. has entered into a gold lease agreement with China Construction Bank Wuhan Jiang An Branch. Under this agreement, the bank leases 195,000 grams of gold to Kingold for one year, from January 11, 2016, to January 10, 2017, at an interest rate of 5.7%. Kingold will use the gold for production and processing and pay a leasing fee of ¥2,631,849.84, calculated based on actual days over a 360-day year. The agreement outlines the terms for payment and use of the leased gold.
Exhibit 10.32
Gold Lease Agreement
Type: AU9999
Weight per gram: 195000
Goods attribute: Buy in goods right
Start Date: 2016-1-11
End Date: 2017-1-10
Days: 365 days
Interest Rate: 5.7%
Unit Price (Yuan/Gram) 233.54
Charging Standard: Actual days/360
Gold Leasing Fees: ¥ ###-###-####.84
Account Payable:
Rental Purposes: Production and Process
Borrower: Wuhan Kingold Jewelry Co., Ltd.
Legal representative (person in charge):
Contactor:
Telephone:
Lender: China Construction Bank Wuhan Jiang An Branch
Legal representative (person in charge):
Contactor:
Telephone:
