This excerpt taken from the CHRK 10-Q filed Jun 8, 2007.
Article 4 Interest Rate and Interest
Article 4.1 The interest rate of the loan under this contract is fixed rate which is 6.5484% per year and shall remain the dame during the period of the contract.
In case the Peoples Bank of China adjusts the interest rate or its determining method, Party A is entitled to change accordingly.
Article 4.2 The interest under this contract is settled per month, from the date on which the Drawdown is made, interest shall accrue daily based on the actual days for every interest period. The daily interest rate is the annual interest rate divided by three hundred and sixty (360) days or the monthly interest rate divided by thirty (30) days.
Article 4.3 Party B shall pay the interest on every Interest Settlement date, when the period of loan expires, Party B shall pay out all the interest and the principal.