Bond issuance underwriting agreement

Bond issuer: __________________

residence:______________________________________

Legal representative: ________________________________

Bond Underwriter: __________________

residence:______________________________________

Legal representative: ________________________________

Party A, with the approval of the People's Bank of China, issues “_________ financial bonds” by means of bidding, and is responsible for the organization of bond bidding and issuance; Party B voluntarily becomes the underwriter of the bond, promises to participate in the bidding, and fulfills the obligation of underwriting and underwriting.

According to the Economic Contract Law of the People's Republic of China and the relevant regulations of the People's Bank of China, both parties have signed this Agreement by consensus.

The first bond type and amount

Bonds issued by the bonds under this Agreement are issued in accordance with the tender issuance method approved by the People's Bank of China in 2000. Party A shall, according to its funding status, approve the number of issuance in batches with the approval of the People's Bank of China. The underwriting amount of Party B includes the number of winning bids and the basic amount of underwriting.

The second underwriting method

Party B underwrites the bonds by way of underwriting and underwriting.

Article 3 Underwriting period

Each bond underwriting period is determined by Party A in the bond issuance announcement and/or the issue statement.

Article 4 Payment of underwriting funds

Party B shall, in accordance with the requirements of the notice of winning the bid, transfer the bond underwriting funds into the bank account designated by Party A in full and on time.

The off-site underwriters make a payment through the People's Bank of China Electronic Bank, and the same city underwriters pay by cheque.

Article 5 Payment of the issuance fee

Party A shall pay Party B a processing fee in accordance with a certain percentage of the total amount of underwriting bonds of Party B. The fee shall be paid by Party A to the bank account designated by Party B within 10 business days after receiving the Party's underwriting amount.

Article 6 Registration and custody

The bonds are issued in a paperless manner, and the China Government Securities Depository Trust & Clearing Co., Ltd. is responsible for the registration and custody of bonds.

Article 7 Subsidiary Agreement

Both Party A and Party B agree that the tenders and winning bids transmitted and given in the prescribed format during the tendering period through the bond tendering system are all subsidiary agreements under this Agreement.

Article 8 Information Disclosure

1. Party A shall provide the underwriters with bidding methods and bond issuance instructions before each bond issuance, and issue an issuance announcement after the bidding is completed;

2. Party A shall announce in the issuance of the bond issue the conditions for issuing bonds and the method of issuing bonds for each bond issue;

3. Party A shall publish the main financial data of the last three years in the issuance statement;

4. Party A shall disclose its financial status and other important information about bond redemption on an annual basis.

Article 9 Party A's Rights and Obligations

Party A’s rights are as follows:

1. Party A has the right to collect bond underwriting funds from Party B according to the conditions for issuance of bonds and the amount of underwriting of Party B;

2. On the premise of meeting the principles of openness, fairness and fairness, Party A may determine the basic underwriting amount of Party B within the bond issuance quota. The total underwriting amount of all underwriters shall not exceed 10% of the total amount of issuance and shall be underwritten. Equal distribution among members of the regiment;

3. The bidding conditions, procedures and methods of bond issuance shall be determined by Party A;

4. In accordance with national policies, independently use the issuance of debt funds.

Party A’s obligations are as follows:

1. Party A shall perform its obligation to return the principal and interest according to the contract, and shall not repay the principal and pay interest in advance or postponed;

2. Party A shall pay the issuing fee to Party B in accordance with the bond issuance conditions;

3. Party A guarantees that the method of issuing bonds is in compliance with the relevant regulations of the People's Bank of China and guarantees equal treatment for all underwriters;

4. Party A shall disclose the information in a timely manner as agreed in this Agreement.

Article 10 Rights and Obligations of Party B

Party B’s rights are as follows:

1. Have the right to participate in the issuance of underwriting and bidding for each bond issue;

2. Collecting the principal and interest of the bonds held by Party A, and collecting the handling fee from Party A when redeeming the principal;

3. The right to distribute bonds to the subscribers;

4. Obtain a distribution fee according to Party A's issuance conditions;

5. The temporary interest on the distribution subscription amount during the underwriting period can be obtained;

6. Have the right to participate in the issuance preparatory meeting held by Party A, and have the right to obtain all the information that should be announced according to law in Party B's bidding and issuing bonds.

7. After approval by the People's Bank of China, bond transactions may be conducted in the inter-bank bond market. When Party A participates in inter-bank bond transactions, Party B may conduct counterparty transactions with Party A.

8. The right to withdraw from the underwriting syndicate unconditionally, but must notify Party A in writing 30 days in advance.

Party B’s obligations are as follows:

Participate in bond underwriting bidding in the name of legal person;

The bond underwriting funds shall be transferred to the bank account designated by Party A in full and on time;

The underwriting obligation should be fulfilled according to the bond underwriting quota and distributed according to the contract;

Bonds shall be distributed strictly in accordance with the amount of underwriting, and shall not be super-distributed;

If Party A determines the basic underwriting amount of each underwriter in the bidding and issuance of bonds, Party B shall bear the underwriting obligation of the basic underwriting quota.

Party B is obliged to participate in the bond issuance and bidding according to the bidding method and issuance conditions determined by Party A, and shall not collude with other bidders to manipulate the market;

Party B shall promptly notify Party A and Central Clearing Company in writing of the issuance of the department, personnel authorization or change.

Article 11 Liability for breach of contract

If Party B fails to pay the underwriting amount according to the contract, Party B shall pay Party A the liquidated damages according to the proportion of 5 parts per day of unpaid portion. The unpaid portion and the liquidated damages may be deducted from the principal and interest of other bonds payable to Party B. If the payment is overdue for more than ten days, Party A may cancel the underwriting amount of Party B's unpaid portion, and Party B shall automatically lose the qualification of the underwriter, but shall still bear the obligations under this Agreement for the underwritten bonds;

If Party B borrows the underwriting of bonds to over-spend the distribution bonds, Party A will not confirm the excess distribution, and Party B shall bear the responsibility. Party A reserves the right to unilaterally terminate the qualifications of its underwriters;

If Party A fails to perform the bond repayment obligation, it shall pay Party B a penalty for the unpaid portion of the daily five-fifths.

If Party B fails to undertake the basic underwriting quota allocated according to the conditions for issuing bonds, or fails to participate in the bidding for three consecutive times or fails to make effective bidding as required, it shall be deemed to automatically waive the qualification of the underwriter.

Article 12 Changes to the Agreement

Changes to this Agreement shall be agreed upon by both parties and a written agreement shall be reached.

If this Agreement is inconsistent with the relevant provisions of the People's Bank of China, Party A and Party B shall comply with the regulations of the People's Bank of China.

Article 13 Supplementary Provisions

1. The subsidiary files under this Agreement include:

1. Issuance of a debt statement;

2. Bond issuance method;

3. The bidding documents issued by Party A

2. The unfinished matters of this Agreement may be signed by other parties after the agreement between the two parties. In the event of any inconsistency between this Agreement and the Supplementary Agreement, the Supplementary Agreement shall prevail.

3. The official text of this Agreement shall be in five copies, and each of the two parties shall hold two copies and one copy of the Central Clearing Company shall have the same legal effect.

4. This Agreement shall become effective after it has been signed by the legal representatives of the two parties or their authorized agents and the official seal is affixed.

5. This Agreement shall apply to the bonds issued by Party A in 2000.

person A person B:_____________________

Signature of legal representative: ___________ Signature of legal representative: __________