English translation of asset collateral contract dated December 8, 2019 between Xingren Almaden New Energy Co., Ltd. and State Power Investment Coporation Guizhou Jinyuan Weining Energy Co., Ltd. 2

EXHIBIT 10.77

Asset collateral contract

Party A: Xingren Almaden New Energy Co.,Ltd

Legal representative: Zhou Feng

Domicile: Unit 3-4, unit 20, renhejiayuan, Xingren County, buyi and miao autonomous prefecture, southwest Guizhou province

Party B: State Power Investment Corporation Guizhou Jinyuan Weining Energy Co., Ltd.

Legal representative: Zheng Fasong

Domicile: Weishuang Avenue, Caohai Town, Weining County, Guizhou Province

In order to ensure the realization of Party B’s claims, Party A is willing to set up a mortgage for Party B with the assets it is entitled to dispose of. After review, Party B agreed to accept Party A’s assets mortgage. After agreement, both parties A and B shall conclude this contract according to the following terms.

Article 1.Types and Amounts of Guaranteed Main Claims

The guaranteed main creditor’s right is the recovery right that Party B enjoys for Party A according to the Equity Purchase Agreement signed with Huaxia Financial Leasing Co., Ltd., and the amount of this creditor’s right (estimated) is: 93,000,000,000.00 Yuan.

Article 2 Duration of debtor’s performance of debt

The debtor shall perform the debt within 5 days after Party B performs the equity purchase agreement signed with Huaxia Financial Leasing Co., Ltd.

Article 3 Party A uses the property specified in the “List of Mortgages” in Annex I (hereinafter referred to as “mortgage assets”) to establish a mortgage for Party B. When the debtor fails to perform its obligations, Party A has the right to discount the mortgaged assets, auction or sale proceeds will be paid first.

Article 4 Scope of Mortgage Guarantee

The scope of the mortgage guarantee includes the main creditor’s rights and interest, liquidated damages, damages, and the cost of realizing the pledge.

Article 5 Party A shall complete the mortgage registration at the mortgage registration authority (land management department, real estate registration center, vehicle management office or market supervision and management bureau, etc.) within 5 days after the conclusion of this contract. From the date of registration of mortgage, Party B’s mortgage right is formally established, and Party A shall not sell, re-mortgage or otherwise dispose of the mortgaged assets.

Article 6 Responsibility for the storage of the mortgaged assets are as follows: Party A shall keep the mortgaged assets on its own. Party A shall properly keep the mortgaged assets, bear the responsibility of repair, maintenance, and guarantee the integrity during the mortgage period, and accept Party B’s check at any time.

Article 7 Party A shall, in accordance with Party B’s requirements, apply for property insurance on the mortgaged assets, and the beneficiary of the insurance shall be Party B, and shall submit the insurance policy to Party B for preservation. Since it is now in the construction phase of the infrastructure, all risks of capital construction should be insured. After the project is put into operation, all risks of property and machinery damage should be purchased. The insurance period is not less than 1 year. If the merger and acquisition is still performed after one year, Party A must go through the procedures for extending the insurance period. If the insured property suffers a disaster, Party B has the right to recover the mortgaged assets from the insurance compensation first.

Article 8 During the term of this contract, Party A shall not sell or gift the mortgaged assets; Party A shall obtain written consent from Party B if it relocates, leases, guarantees, transfers, re-mortgages or transfers the mortgaged assets under this contract in any other way.

Article 9 The related insurance, appraisal, registration, transportation and storage costs under this contract shall be borne by Party A.

Article 10 During the term of validity of this contract, if Party A splits and merges, the changed institution shall enjoy and assume the rights and obligations under this contract. Party A is announced to be dissolved or bankrupted, and Party B has the right to realize the mortgage right in advance.

Article 11 Party B has the right to realize the mortgage right in advance when one of the following circumstances occurs:

1. Failure to use financing lease funds in accordance with the agreement, misappropriation of equipment and materials purchased for the project, and failure to perform duties in accordance with the contract;

2. The mortgagor was declared dissolved and bankrupt.

If the proceeds from processing the collateral are not enough to repay Party B, Party B has the right to recourse separately; if the price is repaid to Party B, the balance shall be returned to Party A.

Article 12 After this contract takes effect, neither party A or B may alter or terminate the contract without authorization. If it is necessary to change or terminate the contract, a written termination agreement shall be reached through mutual agreement. Until the termination agreement is reached, the terms of this contract are still valid.

Article 13 If Party A executes the main contract within the time limit agreed on in the contract, the contract is terminated after it has been fully performed, and Party B cooperates with Party A to complete the registration of the cancellation of the mortgage.

Article 14 Liability for breach of contract

Article 15 Ways of Settling Disputes

Any dispute between Party A and Party B in the performance of this contract shall be resolved through consultation between the two parties. If the negotiation fails, a lawsuit shall be filed in the people’s court where the mortgaged assets are located.

Article 16 This contract shall be signed by the legal representatives of the parties A and B or an agent authorized by the legal representatives and affixed with the official seal of the unit, and shall take effect on the day when the autonomous contract takes effect.

Article 17 This contract is in triplicate, one for each of the two parties, and one for the mortgage registration authority

Signed date: December 08, 2019

ANNEX 1

List of mortgages