Legal analysis: the law has specific provisions on the amount of late payment, that is, the late payment in administrative punishment shall not exceed the principal amount of administrative punishment. For liquidated damages in civil contracts, the maximum amount of liquidated damages shall not exceed 30% of the amount of losses caused by breach of contract. If it exceeds 30%, it is deemed to be excessively higher than the losses suffered, and the court may be requested to reduce it appropriately.

Legal basis: Article 585 of the Civil Code of People's Republic of China (PRC), the parties may agree that one party shall pay a certain amount of liquidated damages to the other party in case of breach of contract, and may also agree on the calculation method of damages for breach of contract.