Conformed Copy - C2186 - Rural Industrial Technology (Spark) Project - Amendment

Page 1 August 5, 1992 Minister Wang Bing-qian Minister of Finance Ministry of Finance Sanlihe Beijing 100820 People's Republic of China Re: Credit No. 2186-CHA/Loan No. 3274-CHA (Rural Industrial Technology (Spark) Project) Amendment to Replace JEDIC with JPTIC Dear Minister Wang: We refer to the Development Credit Agreement between People's Republic of China (the Borrower) and International Development Association (the Association), dated January 17, 1991, for the Rural Industrial Technology (Spark) Project (the Development Credit Agreement) and to the Loan Agreement, Provincial Project Agreement and Financial Intermediaries Project Agreement, as defined in the Development Credit Agreement. we also refer to the letters dated April 22, 1992 and July 8, 1992 from Mr. Guo Yan, General Manager, Jilin Province Trust and Investment Corporation (JPTIC), informing the Association that JPTIC has assumed the rights and obligations of Jilin Province Economic Development Investment Corporation (JEDIC). We find the documentation provided by JPTIC with the above letters sufficient evidence that JPTIC has succeeded to the rights and obligations under the above-mentioned Agreements. Therefore, the Association hereby agrees to amend the Development Credit Agreement as follows: (1) In Section 1.02, paragraphs (e), (m) and (n) shall be revised to read as follows: quote (l) "JPTIC" means Jilin Province Trust and Investment Corporation, established and operating pursuant to the JPTIC Charter; (m) "JPTIC Charter" means the Charter of JPTIC, approved by the People's Bank of China on March 23, 1991 (Bank Reply No. (1991) 137); "JPTIC Policy statement" means the Policy statement of JPTIC approved on March 23, 1991 and as revised thereafter with the concurrence of the Association and the Bank; unquote. (2) The term "JEDIC" shall read "JPTIC" and the term "Jilin Province Economic Development Investment Corporation" shall read "Jilin Province Trust and Investment Corporation", wherever these terms appear in the Development Credit Agreement. Since definitions in the Development Credit Agreement are incorporated by reference into the Loan Agreement (Section 1.02), the Provincial Project Agreement (Section 1.01) and the Financial Intermediaries Project Agreement (Section 1.01), these amendments, once confirmed by you, will affect these agreements as well. As a result, the terms JEDIC and Jilin Province Economic Development Investment Corporations will also be replaced by "JPTIC" and "Jilin Province Trust and Investment Corporations wherever they appear in the Loan, Agreement, Provincial Project Agreement and Financial Intermediaries Project: Agreement. Please confirm the agreement on behalf of the Borrower to these amendments to the Development Credit Agreement by signing and dating the confirmation form on the enclosed copy of this letter and returning it to us for our files. I am copying this letter to the representatives of the Project Provinces and the Financial Intermediaries in view of their interest in this matter. Sincerely yours, Page 2 By /s/ David Pearce Acting Director China and Mongolia Department East Asia and Pacific Region CONFIRMED: By /s/ Zhang Shengman Authorized Representative Dated: 18/8/92