Common use of Consideration and Payment Terms Clause in Contracts

Consideration and Payment Terms. The total consideration for the acquisition is RMB20,738,200 (equivalent to approximately HK$26,251,000). The consideration equals the market value of the assets as at 31 December 2014 as determined by China Alliance Appraisal Co., Ltd (北京中同華資產評估有限公司), an independent third party property valuation company engaged by the Company. Pingwei Power Plant will pay Pingwei Maintenance Company a sum of RMB10,369,100 (equivalent to approximately HK$13,125,000) (50% of the total consideration) within 20 days after the date of the Pingwei Maintenance Asset Acquisition Agreement and a sum of RMB10,369,100 (equivalent to approximately HK$13,125,000) (the remaining 50% of the total consideration) within 20 days after completion of the assets transfer, failing which Pingwei Power Plant will be subject to a late payment penalty of 0.05% of the default amount per day. If payment is delayed for over 3 months from the due date for payment, Pingwei Maintenance Company will be entitled to terminate the Pingwei Maintenance Asset Acquisition Agreement and claim damages.

Consideration and Payment Terms. The total consideration for the acquisition is RMB20,738,200 RMB41,773,200 (equivalent to approximately HK$26,251,000HK$52,877,000). The consideration equals the market value of the assets as at 31 December 2014 as determined by China Alliance Appraisal Co., Ltd (北京中同華資產評估有限公司), an independent third party property valuation company engaged by the Company. Pingwei Power Plant will pay Pingwei Maintenance Industry Company a sum of RMB10,369,100 RMB20,886,600 (equivalent to approximately HK$13,125,000HK$26,439,000) (50% of the total consideration) within 20 days after the date of the Pingwei Maintenance Industry Asset Acquisition Agreement II and a sum of RMB10,369,100 RMB20,886,600 (equivalent to approximately HK$13,125,000HK$26,439,000) (the remaining 50% of the total consideration) within 20 days after completion of the assets transfer, failing which Pingwei Power Plant will be subject to a late payment penalty of 0.05% of the default amount per day. If payment is delayed for over 3 months from the due date for payment, Pingwei Maintenance Industry Company will be entitled to terminate the Pingwei Maintenance Industry Asset Acquisition Agreement I and claim damages.

Consideration and Payment Terms. The total consideration for the acquisition is RMB20,738,200 RMB9,434,100 (equivalent to approximately HK$26,251,000HK$11,942,000). The consideration equals the market value of the assets as at 31 December 2014 as determined by China Alliance Appraisal Co., Ltd (北京中同華資產評估有限公司), an independent third party property valuation company engaged by the Company. Pingwei Power Plant II will pay Pingwei Maintenance Industry Company a sum of RMB10,369,100 RMB4,717,050 (equivalent to approximately HK$13,125,000HK$5,971,000) (50% of the total consideration) within 20 days after the date of the Pingwei Maintenance Industry Asset Acquisition Agreement II and a sum of RMB10,369,100 RMB4,717,050 (equivalent to approximately HK$13,125,000HK$5,971,000) (the remaining 50% of the total consideration) within 20 days after completion of the assets transfer, failing which Pingwei Power Plant II will be subject to a late payment penalty of 0.05% of the default amount per day. If payment is delayed for over 3 months from the due date for payment, Pingwei Maintenance Industry Company will be entitled to terminate the Pingwei Maintenance Industry Asset Acquisition Agreement II and claim damages.