Article 7 The main targets of syndicated loans are large and medium-sized state-owned enterprises, enterprise groups and key construction projects listed in the national plan.

article 8 borrowers and lenders of syndicated loans must meet the basic conditions and requirements of borrowers and lenders in the general principles of loans.

article 9 the establishment of a syndicated loan shall be proposed by the borrower or the relevant financial institution. After both parties agree through consultation, the borrower submits a formal written entrustment to the relevant financial institution. The relevant financial institutions send invitations to the peers on the basis of written entrustment.

article 1 the organizer or arranger of syndicated loans is called the lead bank. In principle, the lead bank shall be the borrower's main loan bank or basic account bank. The lead bank generally has the largest share of syndicated loans.

article 11 the correspondent bank is the loan manager after the syndicated loan agreement is signed. Generally, the correspondent bank is the lead bank of the borrower, or it can be produced by the members of the syndicate through negotiation.

article 12 financial institutions participating in syndicated loans are all member banks of syndicated loans. In syndicated loans, the lead bank, the correspondent bank and other member banks are equal subjects of civil rights and obligations.

article 13 syndicated loan projects shall be reviewed by the lead bank, or by each member bank of the syndicate. Which evaluation method is adopted shall be determined by the member banks of the bank through consultation. When evaluating loan projects, member banks of a syndicate have the right to require borrowers to provide them with relevant materials needed for evaluating and reviewing projects. The borrower has the obligation to truthfully provide the member banks with the materials needed for loans and accept inquiries. The lead bank and the correspondent bank are obliged to truthfully inform other member banks about the borrower.

chapter iii issuance and recovery of syndicated loans

article 14 syndicated loans shall be handled in the way of "determining the total amount and sharing it among members".

article 15 the amount shared by each member bank for syndicated loans shall be based on the principle of "voluntary loan recognition and negotiation".

Article 16 A syndicated loan member shall sign a syndicated loan agreement with the borrower and guarantor.

article 17 a syndicated loan agreement is a single loan contract signed by the borrower and the borrower through consultation in accordance with relevant laws and regulations. Representatives of all parties involved in syndicated loans shall sign the loan agreement respectively and affix the official seals of all units.

Article 18 A syndicated loan agreement shall have the following main clauses:

(1) Basic information of the parties to the loan agreement, mainly including the names and residences of the borrower, the lead bank, the agent bank, other member banks and the guarantor;

(2) definition and interpretation, which defines and explains the meaning of specific terms in the agreement;

(3) the agreements related to the loan contract, including the loan type, loan purpose, amount, interest rate, loan term, repayment method, repayment fund source, guarantee terms, etc.;

(4) the loan amount promised by each member bank and the time of loan allocation;

(5) rights and obligations of the correspondent bank;

(6) the agreement on the convening of the syndicate meeting and the decision of the syndicate meeting;

(7) liability for breach of contract;

(8) provisions required by other laws and regulations or agreed upon by the parties.

article 19 syndicated loans shall be handled in accordance with the corresponding loan management measures according to the types of loans.

Article 2 The interest of syndicated loans shall be calculated and collected according to the loan interest rate and methods stipulated by the People's Bank of China.

Article 21 A member bank of a syndicated loan shall not charge the borrower any other fees except interest. The expenses incurred by the syndicated loan shall be borne by the correspondent bank or settled by the members of the syndicate through consultation.

article 22 the issuance of loans and the recovery of principal and interest shall be handled by the agent bank. When the loan is issued, each member bank shall transfer the money to the borrower's special account in the correspondent bank according to the provisions of the agreement. The recovery of principal and interest shall be promptly returned by the borrower to the agent bank in accordance with the provisions of the agreement, and the agent bank shall immediately transfer it to each member bank in proportion.

article 23 when the loan is due, the borrower shall repay the loan principal and interest in full on schedule. If the syndicated loan cannot be repaid in full on schedule, the agent bank shall allocate the returned part to each member bank in proportion to the loan share of the member bank according to the provisions of the agreement. The overdue penalty interest shall be uniformly collected from the borrower by the agent bank according to the relevant provisions of the People's Bank of China.

article 24 syndicated loans must be guaranteed. When the borrower fails to repay the principal on time, the syndicate has the right to discount the collateral or pledge according to the law, or give priority to compensation with the price of auction or sale of the collateral or pledge, or the guarantor shall perform the debt or assume the responsibility according to the loan agreement.