Document:

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                                                                    EXHIBIT 4.15
[HSBC LOGO]

CONFIDENTIAL

Pentalpha Enterprises Ltd
9-10/F Kin Teck Industrial Bldg
26 Wong Chuk Hang Road
Aberdeen Hong Kong                                             30 September 2000

Attn: Mr. John C K Sham

Dear Sirs

BANKING FACILITIES
PENTALPHA ENTERPRISES LTD (A/C 182-123257/600-654065)
WING SHING PRODUCTS (BVI) CO LTD (A/C 182-142802)
PENTALPHA HONG KONG LTD (A/C 500-445929/004-821377)

With reference to our recent discussion, we are pleased to advise that we have
reviewed your banking facilities and offer a renewal within the following limits
which will be made available on the specific terms and conditions outlined
below. These facilities are subject to review at any time and, in any event by
15 September 2001, and also subject to our overriding right of withdrawal and
repayment on demand, including the right to call for cash cover on demand for
prospective and contingent liabilities.

Advances authorized at our Commercial Banking Centre
----------------------------------------------------
- Eastern Southern District
---------------------------

Overdraft (A/C No. 182-123257-001)                               HKD5,000,000.-@
---------

Interest on the overdraft facility will continue to be
charged on daily balances at 1% per annum over our best
lending rate, (currently 9-1/2% per annum, but subject
to fluctuation at our discretion) and payable monthly
in arrears to the debit of your current account.

Clean Cheque Purchase Limit                                                   *@
---------------------------

To purchase foreign currency cheques and drafts in your
favour (with recourse to you)

Export Facilities                                                HKD15,000,000#@
-----------------

Purchase of D/P bills on approved drawees

within which                                                   (HKD15,000,000#@)
------------

D/A bills on approved drawees up to 90 days.

@  Overdraft facility of HKD5,000,000 can be switchable to Export (DA) Facility
  and within which AKD2,000,000 is also switchable as Clean Cheque Purchase
  Limit.
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* The above Clean Cheque Purchase Limit will continue to be available jointly to
  Pentalpha Enterprises Ltd and Pentalpha Hong Kong Ltd.

The Hongkong and Shanghai Banking Corporation Limited
Hong Kong Main Office: 1 Queen's Road Central, Hong Kong
Tel: 2822 1111  Fax:
Tlx: 73205 HSBC HX Tgms: Hongbank Hongkong                 Page ___ / ___
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[HSBC LOGO]

Pentalpha Enterprises Ltd                                      30 September 2000
                                      -2-
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Packing Credit                                                   HKD10,000,000#
--------------

Up to 70% of valid export Documentary Credits in your
favour deposited with us and within 90 days ahead of
the shipment date.

Interest on this facility will continue to be charged
on a daily basis at 1% per annum over our best lending
rate, (currently 9-1/2% per annum, but subject to
fluctuation at our discretion) and payable monthly in
arrears to the debit of your current account.

Import Facilities                                                HKD25,000,000#
-----------------

Documentary Credit to your suppliers and Import Loan
Facilities in either HK Dollars or Foreign Currency for
up to 90 days, less any usance/credit periods granted
by your suppliers

within which                                                    (HKD22,000,000#)
------------

a)  Goods under your control and/or Trust Receipts.

b)  Subject to availability within the above limit of
    HKD22,000,000 and subject to a maximum of
    HKD10,000,000.

    Clean Import Loan                                           (HKD10,000,000#)
    -----------------

    Terms and conditions are as below:-

    Drawdown                    :  In sums of HKD200,000 or over against related
                                   suppliers' invoices.

    Interest                    :  At our best lending rate, (currently 9-1/2%
                                   per annum, but subject to fluctuation at our
                                   discretion) and payable monthly in arrears to
                                   the debit of your current account.

    Repayment                   :  90 days after drawdown to the debit of your
                                   current account.

Interest on HKD import loans will continue to be charged on daily balances at
our best lending rate, (currently 9-1/2% per annum, but subject to fluctuation
at our discretion) and payable monthly in arrears to the debit of your current
account.

Interest on foreign currency loans will continue to be charged at the prevailing
rates published by us from time to time subject to fluctuation at our
discretion.
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Please note that the aforementioned Import Facilities carry the following
concessionary rates:

     DC Opening Commission:-

     First USD50,000.-                   1/4%
     Balance in excess of USD50,000.-   1/16%
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[HSBC LOGO]

Pentalpha Enterprises Ltd                                      30 September 2000

                                      -3-
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#     The above Packing Credit, Import/Export facilities are jointly available
      to Pentalpha Enterprises Ltd, Wing Shing Products (BVI) Co Ltd and
      Pentalpha Hong Kong Ltd. In this connection, please let us have a
      certified copy of a board resolution from Pentalpha Enterprises Ltd, Wing
      Shing Products (BVI) Co Ltd and Pentalpha Hong Kong Ltd agreeing to the
      terms of these facilities.

Please note that interest and other sums expressed to be chargeable or payable
on a periodic basis will nonetheless accrue from day to day and amounts so
accrued may be demanded at any time.

Security
--------

As security for the aforementioned facilities, we shall continue to hold:-

i)    An unlimited corporate guarantee dated 9 April 1994 from Pentalpha
      Enterprises Ltd together with a supporting board resolution dated 9 April
      1994 covering our facilities to Wing Shing Products (BVI) Co Ltd.

ii)   An unlimited corporate guarantee dated 15 October 1999 from Global-Tech
      Appliances Inc. together with a supporting board resolution dated 5
      October 1999 covering our facilities to Pentalpha Enterprises Ltd,
      Pentalpha Hong Kong Ltd and Wing Shing Products (BVI) Co Ltd.

      You will be required for so long as these facilities are available to you
      to comply with the following covenant. Your compliance or otherwise with
      the following covenant will not in any way prejudice or affect our right
      to suspend, withdraw or make demand in respect of the whole or any part of
      the facilities made available to you at any time. By signing this letter,
      you expressly acknowledge that we may suspend, withdraw or make demand for
      repayment of the whole of any part of the facilities at any time
      notwithstanding the fact that the following covenant is included in this
      letter and whether or not you are in breach of any such covenant.

iii)  A Letter of Covenant dated 21 May 1998 from Global-Tech Appliances Inc.
      undertaking to maintain its consolidated tangible net worth at not less
      than HKD200,000,000 together with a supporting board resolution dated 21
      May 1998.

"Consolidated Tangible Net Worth" means the aggregate of:-
---------------------------------

-  the amount paid up on the issued share capital (other than any redeemable
   share capital) of the Company; and
-  the capital and revenue reserves (including but not limited to the share
   premium account, revaluation and retained profits or losses);
but after deducting from such sum:-

-  goodwill and all other intangible assets;
-  all minority interests in subsidiaries;
-  all amounts set aside for tax;
-  any dividend or other distribution declared/recommended;
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-  the excess of the book value to the market value of the listed investments;
and
-  any amount standing to the debit of the Company's capital and reserves
   (including profit and loss account);
-  any amount due from the shareholders, directors, and/or related companies.

The above figures will be determined by reference to the latest audited or
management accounts or the financial statements provided by the Group from time
to time. The Bank will calculate the figures in accordance with the accounting
principles, standards and practices on which the preparation of the audited
accounts of the Group for the financial year ended 31 March 2001 was based and
in accordance with the latest Statements of Standard Accounting Practice issued
by the Hong Kong Society of Accountants. Any calculation made by the Bank will
be conclusive.
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[HSBC LOGO]

Pentalpha Enterprises Ltd                                      30 September 2000
                                      -4-
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In conjunction with the above covenant, the Borrower also undertakes to provide
the Bank with the audited accounts within 30 days of its approval in General
Meeting and the quarterly management accounts on/before the 30th day in the
first month following the quarter to which such accounts relate.

Please also note that all costs and expenses (including legal fees) incurred by
us in connection with the extension of these facilities and any matters arising
are to be reimbursed by you on demand.

Please arrange for the authorised signatories of Pentalpha Enterprises Ltd,
Pentalpha Hong Kong Ltd and Wing Shing Products (BVI) Co Ltd, in accordance with
the terms of the mandates given to the bank, to sign and return to us the
duplicate copy of this letter to signify their confirmation as to the
correctness of the security held, and their understanding and acceptance of the
terms and conditions under which these facilities are granted.

A review fee of HKD15,000 will be charged to the debit of your current account
upon receipt of your acceptance to these facilities.

These facilities will remain open for acceptance until the close of business on
20 October 2000 and if not accepted by that date will be deemed to have lapsed.

We are pleased to be of continued assistance.

Yours faithfully                          For and on behalf of
                                          Wing Shing Products (BVI) Company Ltd.
/s/  Sharon S W Li
                                          /s/  John C.K. Sham
Sharon S W Li                             --------------------------------------
Relationship Manager                                     Authorized Signature(s)

                                          For and on behalf of
bp/PENTALPHA                              PENTALPHA ENTERPRISES LIMITED

                                          /s/  John C.K. Sham
Encl                                      -------------------------------------
                                                         Authorized Signature(s)

                                          For and on behalf of
                                          PENTALPHA HONG KONG LIMITED

                                          /s/  John C.K. Sham
                                          --------------------------------------
                                                         Authorized Signature(s)<PAGE>

                                                                    EXHIBIT 4.16

                                                                 [CITIBANK LOGO]

Citibank, N.A.

Citibank Tower
Citibank Plaza
3 Garden Road
Central, Hong Kong

G.P.O. Box 14
Hong Kong

                                        Corporate Banking Group

April 7, 2000

Global-Tech Appliances Inc.
12/th/ Floor, Kin Teck Industrial Building,
26 Wong Chuk Hang Road,
Aberdeen, Hong Kong

Attn: Mr. John Sham - President and CEO
      ---------------------------------

Dear Mr. Sham,

Re:   Banking Facility Letter
      -----------------------

We are pleased to advise that a HKD50,000,000.00 (HKD FIFTY Million only) Short
Term Trade Facility has been made available to Global-Tech Appliances Group
subject to terms and conditions outlined) below:

Lender        :     Citibank, N.A. Hong Kong Branch ("the Bank")

Borrowers     :     Pentalpha Hong Kong Limited ("the Borrowers")
                    Wing Shing Products (BVI) Co Ltd

Guarantors    :     Global-Tech Appliances Inc. ("the Guarantor")

Facility      :     HKD50,000,000.00 (HKD FIFTY Million only) Short Term Trade
                    Facility with the following sublimits:

                    i)   HKD50,000,000.00 full sublimit for issuance of Letters
                         of Credit ("L/C"); up to 90 days Trust Receipt Loans
                         for purchases under L/C and Export Bills Negotiation to
                         cater for sales under L/C;

                    ii)  HKD30,000,000.00 sublimit for up to 90 days import
                         invoice financing to cater for open account purchases;

                    iii) HKD2,000,000.00 sublimit for short term money market
                         loan and overdraft;

                    iv)  USD500,000.00 (USD FIVE Hundred Thousand only) Pre-
                         settlement risk* facility for booking of foreign
                         exchange contracts. Maximum tenor of FX contracts: 360
                         days.

                         *The pre-settlement limit is calculated by the Bank and
                         differs for each transaction depending on the nature
                         and tenor of the contract.
<PAGE>

Pricing    :   a)  L/C issuance
                   ------------

                   1/4% on first USD50,000.00
                   1/16% on balance,
                   Minimum HKD450.00

                       Organised under the laws of U.S.A. with limited liability
<PAGE>

                                                                 [CITIBANK LOGO]

Global-Tech Facility Letter
April 7, 2000

         b)  TR loan/Invoice financing/Export Bills Negotiation/Short Term
             Money Market Loan

                 For HKD drawing: HKD prime or 2% p.a. over 1, 2 or 3-month HKD
                                  Hibor or Citibank HKD cost of funds, whichever
                                  is higher

                 For USD drawing: USD Prime or 2% p.a. over 1, 2 or 3-month USD
                                  Libor or Citibank USD cost of funds, whichever
                                  is higher

              c) Overdraft

                 For HKD drawing: HKD Prime +1%
                 For USD drawing: USD Prime +1%

Documentation to be obtained:
-----------------------------

1)  Acceptance of this Facility Letter together with its terms and conditions.
2)  Board Resolution from Borrowers and Guarantor validating acceptance of the
    facility together with the terms and conditions as outlined herein.

Documentation obtained:
----------------------

1)  Continuing Guaranty / Letter of Set-Off dated 4/7/2000 for HKD50,000,000.00
    trade facility from Global-Tech Appliances Inc. in support of Pentalpha Hong
    Kong Limited and Wing Shing Products (BVI) Co Ltd.
2)  Board Resolution dated 4/7/2000 from Global-Tech Appliances Inc. validating
    Continuing Guaranty / Letter of Set-Off dated 4/7/2000 for HKD50,000,000.00
    trade facility extended to Pentalpha Hong Kong Limited and Wing Shing
    Products (BVI) Co Ltd.
3)  Advance Agreement/ General Letter of Hypothecation/ Set-Off dated 4/7/2000
    from Pentalpha Hong Kong Limited.
4)  Advance Agreement/ General Letter of Hypothecation/ Set-Off dated 4/7/2000
    from Wing Shing Products (BVI) Co Ltd.
5)  Continuing Agreement for Letters of Credit dated 4/72000 from Pentalpha Hong
    Kong Limited.
6)  Continuing Agreement for Letters of Credit dated 4/7/2000 from Wing Shing
    Products (BVI) Co Ltd.
7)  Export Bills Agreement dated 4/7/2000 from Pentalpha Hong Kong Limited.
8)  Export Bills Agreement dated 4/7/2000 from Wing Shing Products (BVI) Co Ltd.

It is our customary practice that we reserve the overriding right to modify or
cancel the aforesaid credit facility and their terms and conditions anytime at
our discretion without prior notice. Under normal circumstances, however, we
will review the credit facility on a periodic basis. Kindly indicate your
acceptance of the above terms and conditions by signing and returning the
duplicate copy of this letter at your earliest convenience.

Thank you for banking with Citibank, N.A. and we look forward to building a
close relationship in the years ahead. Please feel free to contact us should you
have any questions regarding our wide spectrum of services.

Yours sincerely,

   /s/  Anna Wong
-------------------------
Anna Wong
Vice President
Local Corporate Division Head

                                       2
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                                                                 [CITIBANK LOGO]

Global-Tech Facility Letter
May 10, 2000

The above Terms and Conditions are Agreed and Accepted by:

For and on behalf of                      For and on behalf of
GLOBAL-TECH APPLIANCES INC.               PENTALPHA HONG KONG LIMITED

 /s/  John C.K. Sham                       /s/  John C.K. Sham
----------------------------------------  --------------------------------------
Global-Tech Appliances Inc. (Guarantor)   Pentalpha Hong Kong Limited (Borrower)

For and on behalf of
Wing Shing Products (BVI) Company Ltd.

 /s/  John C.K. Sham
------------------------------------------
Wing Shing Products (BVI) Co Ltd (Borrower)

                                       3

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