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WITSUS INTL. CONSULTING(BEIJING) CO.,LTD.

Add:Room 1605,Building 1 North District,Apple(Pingguo)

Community,No.32 Baiziwan Road,Chaoyang District,Beijing,P.R.China,100022

Phone:010-85950355

Mobile phone:13071117920

Mailbox:skyoner@163.com

 

Foreign debt and cross-border guarantee

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Guarantee Performance
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  The Debtor should repay the loan to the Creditor upon maturity, but it is unable to repay at present. Thus, the Guarantor is required to repay the loan to the Creditor for the Debtor and becomes the new Creditor.

  In case of guarantee performance during “domestic loan under overseas guarantee”, the domestic Debtor shall stop signing new “domestic loan under overseas guarantee contract” without approval of the Administration of Foreign Exchanges before paying off debts to overseas Guarantor; stop handling withdrawal without approval of the Administration of Foreign Exchanges when the contract has been signed but the fund is not withdrawn or fully withdrawn.