Exhibit 4.11


 


Loan Contract


 


Signing date: October 14, 2020


 



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Lender (Party A): Yan Haigang


 


Borrower (Party B): Shanxi Jinxuan Investment
Co., Ltd.


 


Whereas, Party B intends to borrow money from
Party A for its business and daily operation, now therefore, in consideration of the mutual promises and covenants set forth herein,
the Parties, intending to be legally bound, hereby make and enter into this Loan Contract.


 


I.           Loan
Amount


 


The Lender (Party A) will provide the Borrower
(Party B) with an amount of borrowing of RMB (in words) twenty million only (¥20,000,000).


 


II.          Loan
Term and Purpose


 


1.          The
loan term hereunder continues for 14 months, commencing on October 14, 2020 and ending on December 31, 2021. In the event of
any conflict between the actual arrival date of the loan and the starting date of the loan, the former shall prevail, and the loan term
shall be extended accordingly.


 


2.          The
loan shall be intended for Party B's business and daily operation expenses only.


 


III.         Loan
Interest Rate


 


The loan hereunder is the cash provided by Party
B's indirect controlling shareholder (Lender) to support the Party B's operations, bearing no interest.


 


IV.         Loan
Release


 


Both Parties agree that Party A shall remit the
loan to the Borrower's following account by bank transfer.


 


Designated receiving account number: 


 


Bank Name: Industrial Bank Co., Ltd. Taiyuan
Branch


 


Account Name: Shanxi Jinxuan Investment Co., Ltd.


 


V.          Representations
and Warranties of the Borrower


 


1.         The
Borrower (Party B), a civil entity incorporated under the law and legally existing, has all necessary capacities for rights and acts,
and is capable of performing its obligations hereunder and assuming corresponding liabilities in its own name.


 


2.          The
signing and performance of this Contract by the Borrower (Party B) is the real expression of the Borrower's intention, and is free of
any legal flaws as determined or authorized by the authorized decision-making and approval agency of the Borrower.


 


VI.         Rights
and Obligations of the Lender


 


The Lender (Party A) has the right to inspect
and supervise the Borrower (Party B) in respect of its loan usage, operating conditions, financial conditions, liabilities and external
guarantees and other information and conditions, in which the Borrower shall cooperate by faithfully providing related materials and reporting
related information in a timely manner, if required by the Lender.


 


VII.       Rights and Obligations of the Borrower


 


1.           The
Borrower shall not use the loan hereunder for purposes other than for that agreed herein.


 


2.           The
Borrower shall repay the principal of the loan hereunder subject to the time, amount and currency agreed herein.


 


3.           The
Borrower shall notify the Lender in writing within five days upon the occurrence or potential occurrence of any behavior or event that
may affect its ability to repay.


 


VIII.       Prepayment


 


Prepayment may, with the Lender's consent, be
made if so required by the Borrower.


 


IX.         Dispute
Settlement


 


Any dispute or controversy arising out of or relating
to this Contract shall be settled by the Parties through negotiation. Should such negotiation fail, such dispute or controversy may be
referred to the court having competent jurisdiction over the Lender. Those terms and conditions contained herein not in dispute shall
survive the dispute period.


 






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X.           Effectiveness


 


1.            This
Contract shall be established upon the signing and sealing by both Parties, effective from the date when the Lender pays the loan.


 


2.            Any
change to this Contract shall be made in writing by the Parties upon negotiation. The changed clause or agreement constitutes a part of
this Contract, with the same legal force and effect as this Contract. Except for the changed part, other parts hereof shall still be valid;
the original clause hereof shall still be valid until the changed part takes effect.


 


3.           This
Contract may be executed in three counterparts, one for the Lender, and two for the Borrower.


 


Signing at: Company Office, China Resources Building,
Wanbailin District, Taiyuan City, Shanxi Province


 


Signing on: October 14, 2020


 


Lender (Signature): Yan Haigang (fingerprinted)


 


	Borrower (Seal):	
    Seal of Shanxi Jinxuan Investment Co., Ltd.

    1401091007342

    













Legal Representative or Authorized Representative
(Signature): Guo Xiangyang


 



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