Document:

EX-10.22

 Exhibit 10.22 

*** CERTAIN MATERIAL (INDICATED BY THREE ASTERISKS IN BRACKETS) HAS BEEN OMITTED FROM THIS DOCUMENT BECAUSE IT IS BOTH (1) NOT MATERIAL AND
(2) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 
 RMB WORKING CAPITAL LOAN AGREEMENT 

Contact number: HTZ110660000LDZJ202000014 
 Borrower (Party A):
Genetron Health (Beijing) Company, Ltd. 
 Domicile: Room 201, 2/F, Building 11, Sector 1, No. 8 Shengmingyuan Road, Zhongguancun Life Science Park,
Huilongguan Town, Changping District, Beijing 
 Post code:102200 

Legal representative (principal): Wang Sizhen 
 Fax: 010-50907512 
 Tel: 010-50907513 

Lender (Party B): China Construction Bank, Beijing Chaoyang Sub-branch 

Domicile: No. B-10 Chaowai Avenue, Chaoyang District, Beijing 

Post code:100020 
 Principal: Lin Lin 

Fax: 010-65991052 
 Tel:
010-65991052 

 For the purpose of the daily operation of Party A, Party A applies with Party B for a loan, and Party
B agrees to extend a loan to Party A. In accordance with the applicable laws, regulations and rules, and after negotiations, the Parties enter into this Contract for mutual compliance. 

Article 1    Amount of Loan 
 Party A
borrows from Party B a loan in an amount of (in words) Renminbi thirty million yuan.  
 Article 2    Purpose of Loan and
Source of Repayment Funding 
 Party A shall use the proceeds of the loan for the daily production and operation. 

The specific purpose of the loan hereunder and the source of repayment funding are detailed in Appendix 1 (Basic Information about the Loan). 

Article 3    Term 
 The term of the
loan hereunder shall be twelve months, from March 19, 2020 to March 15, 2021. 
 If the
commencement date of the term set out hereunder is inconsistent with the commencement date set out in the loan disbursement certificate (for the purpose of this Contract, i.e., the receipt of loan), the actual disbursement date set out in the loan
disbursement certificate for the first disbursement hereunder shall prevail, and the maturity date set out in the first paragraph of this article shall be adjusted accordingly. 

The loan disbursement certificate shall be a part of this Contract, and have the equal legal force as this Contract. 

Article 4    Loan Interest Rate, Default Interest Rate, Interest Calculation and Settlement 

 

	I.	 Loan interest rate 

The loan interest rate set out hereunder shall be an annual interest rate, and shall be determined in accordance with paragraph
(I) below: 
  

	 	(I)	 a fixed interest rate, i.e., the LPR minus (plus/minus) [***] basis points (1 basis point =0.01%,
rounded to 0.01 basis point), which shall remain unchanged during the term of the loan; 

  

	 	(II)	 a floating interest rate, i.e., the LPR [BLANK] (plus/minus) [BLANK] basis points (1 basis point
=0.01%, rounded to 0.01 basis point), which will be adjusted every [BLANK] months from the value date to the date of the full repayment of all principal and interest payable hereunder based on the LPR on the business day immediately preceding
the interest rate adjustment date plus/minus the basis points above. The interest rate adjustment date shall be the same numerical date in the month of adjustment as the value date, or if there is no same numerical date in the month of adjustment as
the value date, the last day of the month of adjustment; or 

  

	 	(III)	 [BLANK] 

  

	II.	 Default interest rate 

 

	 	(I)	 If Party A fails to use the proceeds of the loan for the purpose agreed hereunder, default interest will accrue
on such misappropriated amount at a default interest rate equal to [***]% of the loan interest rate. If the loan interest rate is adjusted according to Article 4.I.(II) above, the default interest rate shall be adjusted according to such
adjusted loan interest rate and the mark-up set out above. 

  

	 	(II)	 If Party A fails to repay the loan hereunder when due, default interest will accrue on such overdue amount at a
default interest rate equal to [***]% of the loan interest rate. If the loan interest rate is adjusted according to Article 4.I.(II) above, the default interest rate shall be adjusted according to such adjusted loan interest rate and the mark-up set out above. 

  

	 	(III)	 If the overdue default interest and the misappropriation default interest are applicable to the loan at the
same time, the default interest and compound interest shall accrue at the higher of the overdue default interest rate and the misappropriation default interest rate. 

	III.	 The “value date” referred to in this article means the date on which the proceeds of the first
disbursement of loan hereunder are credited to the disbursement account agreed under Article 6 of this Contract (the Disbursement Account). The LPR hereunder shall be determined according to the paragraph (2) below:

  

	 	(1)	 At the time of the first disbursement hereunder, the LPR shall be the
one-year loan prime rate (1Y LPR) published by the National Interbank Funding Center on the business day immediately preceding the effectiveness date of this Contract. When the loan interest rate is
subsequently adjusted according to the provisions above, the LPR shall be the 1Y LPR published by the National Interbank Funding Center on the business day immediately preceding such adjustment date. 

 

	 	(2)	 At the time of the first disbursement hereunder, the LPR shall be the
one-year loan prime rate (1Y LPR) published by the National Interbank Funding Center on the business day immediately preceding the value date. When the loan interest rate is subsequently adjusted according to
the provisions above, the LPR shall be the 1Y LPR published by the National Interbank Funding Center on the business day immediately preceding such adjustment date. 

 

	 	(3)	 At the time of the first disbursement hereunder, the LPR shall be the five-year loan prime rate (5Y LPR)
published by the National Interbank Funding Center on the business day immediately preceding the effectiveness date of this Contract. When the loan interest rate is subsequently adjusted according to the provisions above, the LPR shall be the 5Y LPR
published by the National Interbank Funding Center on the business day immediately preceding such adjustment date. 

  

	 	(4)	 At the time of the first disbursement hereunder, the LPR shall be the five-year loan prime rate (5Y LPR)
published by the National Interbank Funding Center on the business day immediately preceding the value date. When the loan interest rate is subsequently adjusted according to the provisions above, the LPR shall be the 5Y LPR published by the
National Interbank Funding Center on the business day immediately preceding such adjustment date. 

  

	IV.	 The loan interest will start to accrue on a daily basis from the date on which the proceeds of the loan are
credited to the Disbursement Account, and the daily interest rate = the annual interest rate/360. If Party A fails to pay interest on the interest settlement date agreed hereunder, compound interest will accrue on such unpaid interest from the day
immediately following its due date. 

  

	V.	 Interest settlement 

  

	 	(I)	 If a fixed interest rate is adopted, the interest shall be calculated and settled at the agreed interest rate.
If a floating interest rate is adopted, the interest will be calculated at the interest rate applicable to each floating period. If the interest rate changes multiple times during an interest settlement period, the interest accrued in each floating
period will be calculated separately, and the interest payable in respect of such interest settlement period shall be the sum of the interest accrued in all such floating periods. 

 

	 	(II)	 The interest on the loan hereunder shall be settled in accordance with paragraph (2) below:

  

	 	(1)	 the interest shall be settled on a monthly basis, on the
20th day of each month; 

  

	 	(2)	 the interest shall be settled on a quarterly basis, on the
20th day of the last month of each quarter; or 

  

	 	(3)	 [BLANK]. 

Article 5    Disbursement and Payment of Loan 
  

	I.	 Conditions precedent to disbursement 

 Party B has no obligation to disburse any loan hereunder, unless all the following
conditions have been and remain satisfied, or waived by Party B: 
  

	 	(1)	 Party A has duly completed all approval, registration, delivery, insurance and other statutory formalities for
the loan hereunder; 

  

	 	(2)	 if any security or guarantee is required hereunder, such security or guarantee to the satisfaction of Party B
has taken effect and remains effective; 

  

	 	(3)	 Party A has opened an account as required by Party B for drawdown and repayment of the loan;

  

	 	(4)	 Party A is not in any event of default set out hereunder; 

 

	 	(5)	 there is no circumstance which may endanger the claims of Party B as agreed hereunder; 

 

	 	(6)	 the extension of the loan by Party B hereunder is not prohibited or restricted by the applicable laws,
regulations or rules or any competent authority; 

  

	 	(7)	 Party A continues to comply with the requirements in Appendix 2 (Financial Covenants); 

 

	 	(8)	 Party A has submitted the documents and materials which are required to be submitted prior to the disbursement
in accordance with this Contract; 

  

	 	(9)	 the documents and materials provided by Party A to Party B are legal, true, complete, accurate and valid, and
comply with the other requirements of Party B; and 

  

	 	(10)	 other conditions: 

Party B has sufficient lending quota to extend the loan at the time of such disbursement.  

 

	II.	 Drawdown schedule 

A drawdown means the disbursement of the proceeds of the loan by Party B to the Disbursement Account upon Party A’s application and in
accordance with this Contract. 
 The drawdown schedule shall be determined in accordance with paragraph (I) below: 

 

	 	(I)	 The drawdown schedule is as follows: 

 

	 	(1)	 RMB thirty million yuan on March 19, 2020; 

 

	 	(2)	 RMB [BLANK] on [BLANK]; 

 

	 	(3)	 RMB [BLANK] on [BLANK]; 

 

	 	(4)	 RMB [BLANK] on [BLANK]; 

 

	 	(5)	 RMB [BLANK] on [BLANK]; 

 

	 	(6)	 RMB [BLANK] on [BLANK]; 

[BLANK] 
  

	 	(II)	 The drawdown schedule is as follows: 

 

	 	(1)	 RMB [BLANK] on between [BLANK] and [BLANK]; 

 

	 	(2)	 RMB [BLANK] on between [BLANK] and [BLANK]; 

 

	 	(3)	 RMB [BLANK] on between [BLANK] and [BLANK]; 

 

	 	(4)	 RMB [BLANK] on between [BLANK] and [BLANK]; 

 

	 	(5)	 RMB [BLANK] on between [BLANK] and [BLANK]; 

 

	 	(6)	 RMB [BLANK] on between [BLANK] and [BLANK]; 

[BLANK] 
  

	 	(III)	 Party A may make drawdown when and as needed. 

 

	 	(IV)	 [BLANK] 

	III.	 Party A shall make drawdown in accordance with the drawdown schedule as set out in paragraph II above. Unless
otherwise agreed by Party B in writing, Party A shall not make drawdown earlier or later than scheduled, or split or cancel any drawdown. 

  

	IV.	 If Party A makes drawdown in installments, the maturity date of the loan shall still be determined in
accordance with Article 3 hereof. 

  

	V.	 Documents and materials to be provided by Party A 

The Parties agree that Party A shall provide the documents and materials in accordance with paragraph (II) [(I) or (II)] below: 

(I) 
  

	 	1.	 In the circumstance described in paragraph [BLANK] below: 

 

	 	(1)	 the amount of a single drawdown is more than RMB10,000,000 and the amount of any external payment to be made by
using the proceeds of such drawdown is more than RMB10,000,000; or 

  

	 	(2)	 [BLANK], 

Party A shall deliver the following documents and materials to Party B no later than [BLANK] business days prior to the date of such
drawdown: 
  

	 	(1)	 the loan disbursement certificate and the payment settlement certificate, each signed and affixed with seal by
Party A; and 

  

	 	(2)	 the transaction documents, including without limitation the written or electronic documents or materials
expressly evidencing the purpose of the loan proceeds, such as contracts and/or invoices in relation to the purchase of relevant goods, services and funding); 

[BLANK] 
 and other
documents and materials required by Party B, including without limitation the business license, power of attorney, articles of association, shareholder or board resolutions of the counterparty of Party A and other similar documents and materials.

  

	 	2.	 Except for the circumstances described in paragraph 1 above, or unless Party B agrees, after reviewing the
documents and materials submitted by Party A above, that the proceeds may be disbursed by means of self-payment as set out in paragraph VII of this article, Party A shall deliver the following documents and materials to Party B no later than
[BLANK] business days prior to the date of such drawdown: 

  

	 	(1)	 the utilization plan in relation to the loan to be disbursed (in the form in Appendix 3); and

  

	 	(2)	 the loan disbursement certificate signed and affixed with seal by Party A, 

[BLANK] 
 and other
documents and materials required by Party B, including without limitation the business license, power of attorney, articles of association, shareholder or board resolutions of the counterparty of Party A and other similar documents and materials.

 (II) 
 Regardless of the
amount of the drawdown, Party A shall deliver the following documents and materials to Party B no later than three business days prior to the date of such drawdown: 
  

	 	(1)	 the loan disbursement certificate and the payment settlement certificate, each signed and affixed with seal by
Party A; and 

  

	 	(2)	 the transaction documents, including without limitation the written or electronic documents or materials
expressly evidencing the purpose of the loan proceeds, such as contracts and/or invoices in relation to the purchase of relevant goods, services and funding; 

 [BLANK] 

and other documents and materials required by Party B, including without limitation the business license, power of attorney, articles of
association, shareholder or board resolutions of the counterparty of Party A and other similar documents and materials. 
  

	VI.	 Entrusted payment by Party B 

 

	 	1.	 Circumstances where the entrusted payment by Party B (entrusted payment arrangement) applies

 If a drawdown is in the event described in paragraph (2) below, it shall be disbursed by using the entrusted
payment arrangement, i.e., Party A shall irrevocably entrust Party B to pay the proceeds of the loan to the counterparty of Party A. Party A shall not pay such proceeds of the loan by itself to its counterparty or any other third party. 

 

	 	(1)	 the amount of a single drawdown is more than RMB10,000,000 and the amount of any external payment to be made by
using the proceeds of such drawdown is more than RMB10,000,000, and Party B, after reviewing the documents and materials provided by Party A, considers that such drawdown has the feature that the payee is clear; 

 

	 	(2)	 the entrusted payment arrangement shall be adopted regardless of the amount of the drawdown; or

  

	 	(3)	 [BLANK]. 

  

	 	2.	 If the entrusted payment arrangement is adopted, Party B shall remit the proceeds of the loan to the
Disbursement Account, and then remit such proceeds from the Disbursement Account to the account of Party A’s counterparty. Party A shall not dispose of the proceeds of the loan by any means (including without limitation transfer and withdrawal
of cash). 

  

	 	3.	 Party B will conduct a formal review of the amount, time, payee, method and accounts of the disbursement based
on the documents and materials provided by Party A. Once Party B confirms that the disbursement complies with Party B’s requirements after such formal review of the factors above, it will pay the proceeds of the loan to the counterparty of
Party A. Party B’s obligations under such entrusted payment arrangement shall be deemed as having been discharged in full once the proceeds of the loan are credited to the account of the counterparty as provided by Party A. Party A shall check
whether a payment is successfully made within one business day after the payment date. If a payment is not successful, it shall immediately notify Party B. Party A shall ensure that the counterparty and the specific purpose of the loan are
consistent with the transaction documents. 

  

	 	4.	 Party B’s formal review of the payment factors above does not constitute Party B’s confirmation of
the truthfulness and legality of the transaction, or Party B’s involvement in any dispute between Party A and its counterparty or any other third party, nor does it mean that Party B will be liable for any liability or obligation of Party A.
Party A shall indemnify Party B against all losses incurred by Party B as a result of such entrusted payment arrangement. 

  

	 	5.	 If the proceeds of the loan fail to be disbursed successfully or fail to be paid promptly to the account of
Party A’s counterparty due to any reason not attributable to Party B, such as the fact that the documents or materials provided by Party A are incomplete, untrue or inaccurate, or inconsistent with the specific purpose of the loan, or there is
any conflict among the information, the following provisions shall apply: 

  

	 	(1)	 Party A shall be liable for all consequences arising therefrom, including without limitation all losses caused
by the failure to disburse the proceeds of the loan successfully or pay the loans of the proceeds promptly to the account of Party A’s counterparty. Party B will not assume any liability in this respect, and Party A shall indemnify Party B
against all losses incurred by Party B in this respect; 

	 	(2)	 Party A shall not dispose of such part of proceeds of the loan by any means (including without limitation
transfer and withdrawal of cash); and 

  

	 	(3)	 Party A shall deliver new or corrected documents and materials as required by Party B within three
business days; 

 [BLANK] 

Party B may declare that such part of the loan becomes immediately due and payable if Party A is in breach of any provisions above. 

 

	 	6.	 Party A shall be liable for all risks, liability and losses in relation to any failure, error or delay of
payment of the loan proceeds due to any reason not attributable to Party B. Party B will not be liable for such risks, liability or losses. Party A shall indemnify Party B against all losses incurred by Party B in this respect.

  

	VII.	 Self-payment by Party A 

If a drawdown does not meet the conditions for the adoption of the entrusted payment arrangement under paragraph VI.6 of this article, it may
be disbursed by using the self-payment by Party A (self-payment arrangement), i.e., Party B will remit the proceeds of the loan to the Disbursement Account according to the drawdown request by Party A, and Party A will pay such proceeds by itself to
its counterparty. Party A shall ensure that the counterparty and the specific purpose of the loan are consistent with the transaction documents. 
  

	VIII.	 Party B’s disbursement obligation shall be deemed as having been discharged in full when the proceeds of
the loan are credited to the Disbursement Account, whether through the entrusted payment arrangement or self-payment arrangement. Party A shall ensure that the Disbursement Account is in a normal condition (including without limitation free of any
seizure or attachment by the competent authority). Party A shall be liable for all risks, liability and losses arising from any seizure or deduction by the competent authority after the proceeds of the loan are credited to the Disbursement Account,
and shall indemnify Party B against all losses incurred by Party B in this respect. 

  

	IX.	 Change of payment method 

Party B may change the method to pay the proceeds of the loan, including without limitation adjusting the conditions for the adoption of the
entrusted payment arrangement (e.g., the amount threshold for the entrusted payment arrangement), and adjusting the payment method of a single drawdown amount, if: 
  

	 	1.	 Party A is in any of the events of default as agreed hereunder; 

 

	 	2.	 there is any circumstance which may endanger the claims of Party B as agreed hereunder; 

 

	 	3.	 there is any other circumstance where Party B considers it necessary to change the payment method.

 If Party B changes the payment method, Party A shall perform relevant obligations, such as re-submitting relevant documents and materials, in accordance with this Contract and the requirements of Party B. 

Article 6    Use of Supervision of Accounts 
  

	I.	 Disbursement Account 

The Disbursement Account under this Contract shall be determined in accordance with paragraph 2 below: 

 

	 	1.	 Party A shall open a dedicated Disbursement Account with Party B within [BLANK] business day after the
effectiveness date of this Contract and prior to the first drawdown. The Disbursement Account will be exclusively used for the disbursement and payment of all loans hereunder. 

	 	2.	 Another account opened by Party A with Party B (account number: [***]). 

 

	II.	 Revenue account 

  

	 	1.	 Party A shall open a new account with Party B or designate an existing account with Party B (account number:
[***]) as the revenue account within one business day after the effectiveness date of this Contract. 

  

	 	2.	 Party A shall regularly summarize and report the payments in and out of the revenue account to Party B on a
quarterly [months or quarterly] basis. Party A shall summarize and report the payments in and out of the revenue account to Party B within the first five business days of each quarter. 

 

	 	3.	 Party B may manage the payments in and out of the revenue account. In particular, the revenue account shall
satisfy the requirement in paragraph (10) below: 

  

	 	(1)	 The average balance of the account: [BLANK] 

 

	 	(2)	 The time to receive the revenue: [BLANK] 

 

	 	(3)	 The percentage of the revenue received by the revenue account in the total sales revenue of Party A:
[BLANK] 

  

	 	(4)	 The limit on the amount of a single payment out of the revenue account: [BLANK] 

 

	 	(5)	 The daily limit on the amount of payments out of the revenue account: [BLANK] 

 

	 	(6)	 The restriction on the activation of the online banking function for the revenue account: [BLANK]

  

	 	(7)	 Any payment out of the revenue account shall be approved by Party B; 

 

	 	(8)	 the revenue account shall be exclusively used for receipt of revenue and repayment of the loans hereunder, and
shall not be used for any other purpose; 

  

	 	(9)	 [BLANK]; 

  

	 	(10)	 any other requirements by Party B; 

 

	 	(11)	 the relevant requirements under the account management agreement entered into by the Parties separately.

 Article 7    Repayment 
  

	I.	 Repayment principle 

Party A shall repay the loans hereunder in accordance with the following principle: 

Party B may first use the amount repaid by Party A to reimburse the expenses advanced by Party B for Party A and the expenses incurred by Party
B for realizing its claims, and the balance of the repaid amount shall be applied first toward the interest and then toward principal, and any interest accrued on the principal shall be settled when such principal is repaid. However, the balance of
the amount repaid by Party A after payment of the expenses above shall be applied first toward principal, and then toward interest, if there is any loan hereunder with principal or interest overdue by more than 90 days, or there are other
circumstances where such repayment principle shall apply in accordance with the applicable laws, regulations or rules. 
  

	II.	 Payment of interest 

Party A shall pay the interest due and payable to Party B on the interest settlement date. The first interest payment date shall be the first
interest settlement date after the disbursement of the loan. All outstanding interest shall be paid in full with the repayment of the last installment of principal. 
  

	III.	 Principal repayment plan 

 The principal repayment plan shall be determined in accordance with paragraph
(I) below: 
  

	 	(I)	 The principal repayment plan shall be as follows: 

 

	 	(1)	 RMB thirty million yuan on March 19, 2021; 

 

	 	(2)	 RMB [BLANK] on [BLANK]; 

 

	 	(3)	 RMB [BLANK] on [BLANK]; 

 

	 	(4)	 RMB [BLANK] on [BLANK]; 

 

	 	(5)	 RMB [BLANK] on [BLANK]; 

 

	 	(6)	 RMB [BLANK] on [BLANK]; 

 

	 	(7)	 [BLANK] 

  

	 	(II)	 [BLANK] 

  

	IV.	 Method of repayment 

Party A shall ensure that the revenue account or another account opened with Party B has sufficient balance to make the current repayment prior
to the repayment date agreed hereunder, and shall make transfer to make the repayment (and Party B also has the right to deduct relevant amount from such account to make the repayment), or transfer relevant amount from another account to make the
repayment on the repayment date agreed hereunder. 
  

	V.	 Prepayment 

If Party A intends to prepay any principal, it shall submit an application to Party B in writing at least thirty business days prior to
the prepayment, and upon the approval of Party B, may prepay all or part of the principal. 
 If Party A prepays any principal, the interest
accrued on such principal shall be calculated on the basis of the actual number of days lapsed and the loan interest rate agreed hereunder. 

If Party B approves any prepayment by Party A, it may charge a prepayment premium to Party A, which shall be determined in accordance with
paragraph 2 below: 
  

	 	1.	 Prepayment premium = the amount of the prepaid principal × the number of remaining months of the loan
term × [BLANK]‰, and any fraction period less than a month shall be deemed as a month; or 

  

	 	2.	 No prepayment premium will be charged.  

If the loan is to be repaid in installments, and Party A prepays part of the principal of the loan, the repaid amount shall be applied in an
inverse order. The loan interest rate shall continue to apply to the outstanding part of the loan after such prepayment. 
 Article
8    Rights and Obligations of Party A 
  

	I.	 Rights of Party A 

  

	 	(I)	 Party A has the right to require Party B to disburse the loan in accordance with this Contract;

  

	 	(II)	 Party A has the right to use the proceeds of the loan for the purpose agreed hereunder; 

 

	 	(III)	 Party A has the right to apply for renewal of the loan subject to the conditions required by Party B;

  

	 	(IV)	 Party A has the right to require Party B to keep confidential the financial information and trade secrets in
relation to production and operation provided by Party A, unless otherwise provided by the applicable laws, regulations or rules, or otherwise required by the competent authority or agreed by the Parties; and 

 

	 	(V)	 Party A has the right to decline any request of Party B or its personnel seeking bribes, and has the right to
report to the relevant authorities such acts or any violation by Party B of the applicable laws and regulations in relation to credit interest rate or service fees 

	II.	 Obligations of Party A 

 

	 	(I)	 Party A shall make drawdown and repay the principal and interest of the loan in full in accordance with this
Contract, and pay the expenses as agreed hereunder; 

  

	 	(II)	 Party A shall provide the financial information, production and operation information and other information as
requested by Party B, including without limitation delivering to Party B the balance sheet and profit and loss statement (or in case of a public institution, the income statement) as of the end of the previous quarter within the first ten business
days of the first month of each quarter, and promptly delivering the annual cash flow statement at the end of each year, and shall ensure that all information provided by it is legal, true, complete, accurate and valid, and shall not provide any
false information or conceal any material operational or financial facts; 

  

	 	(III)	 If there is any circumstance that has material adverse impact on Party A’s ability to repay its debts or
may otherwise endanger Party B’s claims, or there is any change to Party A’s name, legal representative (principal), domicile, business scope, registered capital, articles of association, or other information registered with the
administration for industry and commerce, Party A shall give a written notice to Party B, together with the relevant documents and materials reflecting such change, within 3 business days after the occurrence of such circumstance or change;

  

	 	(IV)	 Party A shall use the proceeds of the loan for the purpose as agreed hereunder. Party A shall not use or
misappropriate the proceeds of the loan for any illegal or improper transactions, any investment in fixed assets or equity, any production or operation prohibited by the state, or exchange with any liability arising from Party A’s investment in
fixed assets or equity. Party A shall cooperate with and accept the examination and supervision by Party B on its production, operation and financial activities, and the use and payment of the proceeds of the loan hereunder, and cooperate with and
accept the relevant requirements of Party B in relation to post-drawdown management. Party A shall not transfer fund or assets, or use related party transactions, to avoid the debt assumed by it to Party B. Party A shall not fraudulently obtain
loans or facility from the bank by discounting or pledging a note receivable, accounts receivable or other claims which are based on false contracts between Party A and its related parties. Party A shall make payment of the loan proceeds in
accordance with this Contract, and shall not evade the entrusted payment requirement by splitting a large payment into several small payments; 

  

	 	(V)	 If Party A uses the proceeds of the loan hereunder for manufacturing activities, it shall comply with the
government regulations in relation to environment protection; 

  

	 	(VI)	 Party A shall not, without the consent of Party B, create any security over the assets formed by the loan
hereunder to secure the debts of a third party, until the principal of and any interest on the loan owed to Party B are repaid in full; 

  

	 	(VII)	 If Party A is a group customer, it shall promptly report to Party B the details about any related party
transaction with a value representing at least 10% of Party A’s net assets, including : (1) the relationship of the parties to such transaction; (2) the project and nature of such transaction; (3) the amount or relevant percentage of
such transaction; and (4) the pricing policy (including the transactions without a value or with nominal value); 

  

	 	(VIII)	 Party A shall obtain Party B’s written consent before it engages in any merger, division, equity transfer,
external investment, material additional debt financing or other material matters, provided that such written consent given by Party B shall not affect Party B’s right to seek the remedy agreed hereunder if it subsequently considers that such
acts may endanger Party B’s claims; and 

  

	 	(IX)	 If the self-payment arrangement is adopted, Party A shall summarize and report to Party B the use and payment
of the proceeds of the loan on a monthly basis. Party A shall summarize and report to Party B the use and payment of the proceeds of the loan in the previous month, together with a list of actual use of fund, within [BLANK] business days
after the beginning of each month, until the proceeds of the loan are used in full. The form of the summary report is attached hereto as Appendix 4. 

 Article 9    Rights and Obligations of Party B 

 

	I.	 Party B has the right to: (1) require Party A to repay the principal and pay interest and fees in
accordance with this Contract; (2) manage and control the payment of the proceeds of the loan; (3) continuously monitor the overall cash flow of Party A; (4) require Party A to early repay the loan, based on the revenue of Party A;
and (5) exercise other rights under this Contract and require Party A to perform other obligations under this Contract; 

  

	II.	 Party B has the right to participate in any material financing project (i.e., a financing project with a total
amount of more than RMB500 million or equivalent amount in foreign currencies), asset disposal, merger, division, share reform, insolvency and liquidation of Party A to protect Party B’s claims. Such participation
shall take the form as described in paragraph 3 below: 

  

	 	1.	 Party A shall obtain Party B’s written consent on such activities; 

 

	 	2.	 the material financing project of Party A shall be arranged by Party B; 

 

	 	3.	 the price and purchaser of the assets to be disposed of by Party A shall comply with the following provision:

 Party A shall not dispose of its assets at a price which is obviously an unreasonably low price.  

 

	 	4.	 [BLANK] 

  

	 	5.	 Other form Party B considers appropriate. 

 

	III.	 Party B shall disburse the loan in accordance with this Contract, unless the disbursement of the loan is
prevented or delayed due to any reason attributable to Party A or not attributable to Party B; 

  

	IV.	 Party B shall keep confidential the financial information and trade secrets in relation to production and
operation provided by Party A, unless otherwise provided by the applicable laws, regulations or rules, or otherwise required by the competent authority or agreed by the Parties; 

 

	V.	 Party B shall not offer or seek bribes from, or accepts bribes offered by, Party A or its personnel; and

  

	VI.	 Party B shall not engage in any activities which are in bad faith or harmful to Party A’s lawful
interests. 

 Article 10    Liability for Breach of Contract and Remedies for the Circumstances that endanger Party
B’s Claims 
  

	I.	 Breach of contract by Party B and liability for breach of contract 

 

	 	(I)	 If Party B fails to disburse the loan in accordance with this Contract without any justification, Party A may
require Party B to continue to disburse the loan in accordance with this Contract; 

  

	 	(II)	 If Party B charges any improper interest or fees to Party A in violation of the prohibition of the applicable
laws and regulations, Party A has the right to require Party B to refund such interest or fees. 

  

	II.	 Breach of contract by Party A 

 

	 	(I)	 Party A is in breach of any provision of this Contract or any statutory obligation; 

	 	(II)	 Party A expressly refuses to perform any obligation hereunder, or Party A’s acts indicate that it will not
perform any obligation hereunder. 

  

	III.	 Circumstances that may endanger Party B’s claims 

 

	 	(I)	 Any of the following events, which in Party B’s opinion may endanger its claims under this Contract: Party
A is involved in contracting (承包), trust (receivership), leasing, share reform, reduction of registered capital, investment, joint operation, merger, consolidation, acquisition
restructuring, division, joint venture, equity transfer, material additional debt financing, filing (or being filed) for wind-up, filing for dissolution, revocation, filing (or being filed) for bankruptcy,
change of controlling shareholder/actual controller, transfer of material assets, suspension of operation, wind-up, substantial fines imposed by the competent authority, cancellation of registration,
revocation of business license, material legal dispute, serious difficulty in production and operation, deterioration of financial conditions or credit conditions, or inability of its legal representative or main principal to normally perform their
duties; 

  

	 	(II)	 Any of the following events, which in Party B’s opinion may endanger its claims under this Contract: Party
A fails to perform any other debt (including any debt owed to any branch of China Construction Bank or other third party) when due, transfer any assets at a low price or without consideration, waive any third party debt, neglect to exercise its
claims or other rights, or provide security for any third party; Party A’s financial conditions fail to continuously comply with the requirements of Appendix 2 (Financial Covenants); there is any abnormal fluctuation of balance in any account
of Party A (including without limitation the revenue account and other account monitored by Party B); there is any event of material cross-default on part of Party A; the profitability of Party A’s main operation is insufficient; or there is
any abnormal circumstance in relation to the use of the proceeds of the loan; 

  

	 	(III)	 the shareholders of Party A abuse the independent legal personality of Party A or the limited liability of
shareholders to evade debts, which in Party B’s opinion may endanger Party B’s claims hereunder; 

  

	 	(IV)	 any condition precedent to the disbursement of the loan agreed hereunder fails to remain satisfied;

  

	 	(V)	 the Guarantor is in any of the following events, which in Party B’s opinion may endanger Party B’s
claims hereunder: 

  

	 	(1)	 the Guarantor is in breach of any provision of this Contract, or any representation or warranty made by it
contains any false statement, error or omission; 

  

	 	(2)	 the Guarantor is involved in contracting
(承包), trust (receivership), leasing, share reform, reduction of registered capital, investment, joint operation, merger, consolidation, acquisition restructuring, division, joint
venture, equity transfer, material additional debt financing, filing (or being filed) for wind-up, filing for dissolution, revocation, filing (or being filed) for bankruptcy, change of controlling
shareholder/actual controller, transfer of material assets, suspension of operation, wind-up, substantial fines imposed by the competent authority, cancellation of registration, revocation of business license,
material legal dispute, serious difficulty in production and operation, deterioration of financial conditions or credit conditions, or inability of its legal representative or main principal to normally perform their duties, which may affect the
ability of the Guarantor to provide guarantee; 

  

	 	(3)	 other circumstances where the Guarantor has lost or may loss the ability to provide guarantee;

  

	 	(VI)	 the mortgage or pledge is in any of the following events, which in Party B’s opinion may endanger Party
B’s claims hereunder: 

  

	 	(1)	 the collateral is destructed or lost, or the value of the collateral has diminished, due to third party action,
expropriation, confiscation, requisition, repossession without compensation, demolition, change of market condition or any other reason; 

	 	(2)	 the collateral is subject to seizure, attachment, freezing order, deduction, lien, auction, administrative
supervision or title dispute; 

  

	 	(3)	 the mortgagor or pledgor is in breach of any provision of this Contract, or any representation or warranty made
by it contains any false statement, error or omission; or 

  

	 	(4)	 other circumstances that may endanger the realization of mortgage or pledge by Party B; 

 

	 	(VII)	 any security is not created, not effective, invalid, revoked or terminated, the Guarantor or security provider
is in default or expressly refuse to perform its obligations as a guarantor or security provider, or its acts indicate that it will not perform its obligations as a guarantor or security provider, or the Guarantor or security provider loses all or
part of its ability to act as a guarantor or security provider, or the value of collateral diminishes, or there is any other similar circumstance, which in Party B’s opinion may endanger Party B’s claims hereunder; or

  

	 	(VIII)	 other circumstances which in Party B’s opinion may endanger Party B’s claims hereunder.

  

	IV.	 Remedies for Party B 

Upon the occurrence of any circumstance as described in paragraph II or III of this article, Party B may exercise any one or more of the
following rights: 
  

	 	(I)	 Party B may cease the disbursement of the loan; 

 

	 	(II)	 Party B may impose additional conditions for the disbursement and payment of the loan; 

 

	 	(III)	 Party B may change the payment method of the loan in accordance with this Contract; 

 

	 	(IV)	 Party B may declare that the loan becomes immediately due and payable, and require Party A to immediately repay
all outstanding principal, interest and fees hereunder, whether due or not; 

  

	 	(V)	 If Party A fails to make drawdown in accordance with this Contract, Party B may require Party A to pay
liquidated damages equal to 10% of the amount which Party A fails to draw down, and may reject any drawdown request submitted by Party A for any unutilized part of the loan hereunder; 

 

	 	(VI)	 If Party A fails to use the proceeds of the loan for the purpose agreed hereunder, Party B may impose default
interest and compound interest on the misappropriated part of the loan at the applicable default interest rate and the interest settlement method agreed hereunder from the date of such misappropriation to the date of repayment of the principal and
interest in full; 

  

	 	(VII)	 In the event of overdue of the loan, Party B may impose default interest and compound interest on the overdue
principal and interest (including the principal and interest which Party B declares immediately due and payable in part or in full) at the applicable default interest rate and the interest settlement method agreed hereunder from the date immediately
following the due date to the date of repayment of the principal and interest in full. “Overdue of the loan” means that Party A fails to promptly repay the loan or fails to repay the loan in accordance with the installment repayment plan
as agreed hereunder. 

 Prior to the maturity of the loan, Party B may impose compound interest on the overdue interest at
the loan interest rate and the interest settlement method as agreed hereunder; 
  

	 	(VIII)	 Other remedies, including without limitation: 

 

	 	(1)	 Party B may deduct any amount in RMB or foreign currency from any account opened by Party A with the system of
China Construction Bank, without prior notice to Party A; 

	 	(2)	 Party B may enforce any security; 

 

	 	(3)	 Party B may require Party A to provide any new security acceptable to Party B covering all debts hereunder;

  

	 	(4)	 Party B may decline any request of Party A for disposal of relevant amount of deposits in the accounts
(including without limitation the revenue account) opened by Party A with the system of China Construction Bank; and 

  

	 	(5)	 Party B may terminate this Contract. 

Article 11    Miscellaneous 
  

	I.	 Costs and expenses 

All expenses arising from Party A’s breach of any provision of this Contract, including without limitation any court fee, arbitration fee,
property preservation fee, travel expenses, enforcement fee, appraisal fee, auction fee, notarization fee, service fee, announcement fee, legal fee and other expenses actually incurred by Party B as a result of breach by Party A, shall be borne by
Party A; 
 In respect of other expenses, the Parties agree as follows: [BLANK] 

 

	II.	 Use of Party A’s information 

Party A agrees that Party B may search, print and save Party A’s creditworthiness information with the basic database of financial and
credit information and other legally established credit referencing institutions, and that Party B may provide Party A’s information to the basic database of financial and credit information and other legally established credit referencing
institutions. Party A also agrees that Party B may reasonably use and disclose Party A’s information for business need. 
  

	III.	 Demand by announcement 

If Party A fails to promptly repay the principal or interest of the loan or is otherwise in default, Party B may report the same to relevant
authority or entity, and demand the repayment of such debts by publishing an announcement through media. 
  

	IV.	 Admissibility of Party B’s record as evidence 

Unless there is reliable and firm evidence to the contrary, the internal accounting records of Party B in relation to principal, interest, fees
and repayment records, the notes and vouchers prepared or retained by Party B in relation to any drawdown, repayment or payment of interest by Party A or any demand issued by Party B, shall constitute the conclusive evidence of the debts owed by
Party A to Party B. Party A shall not raise any objection solely on the ground that such records, notes or vouchers are prepared or retained by Party B unilaterally. 
  

	V.	 Reservation of rights 

The rights of Party B hereunder will not affect or exclude any other right available to it under the applicable laws, regulations or other
contracts. Any tolerance, grace period, preference or delay in exercise of the rights hereunder in respect of any default or delay shall not be deemed as a waiver of any right or interests hereunder or acceptance or permission of any breach of this
Contract, nor shall it restrict, prevent or impede the continued exercise of such right or exercise of any other right, or cause Party B to assume any obligation or liability to Party A. 

 

	VI.	 If Party A owes any due debt to Party B other than those under this Contract, Party B may deduct any amount in
RMB or foreign currency in any account opened by Party A with the system of China Construction Bank, and use such amount to first repay any due debt, and Party A agrees not to raise any objection. 

	VII.	 If there is any change to Party A’s communication address or contact information, Party A shall
immediately notify Party B in writing of such change. Party A shall be liable for any loss arising from its failure to promptly notify Party B of such change. 

 

	VIII.	 Appropriation of receivables 

Party B may deduct any amount in RMB or foreign currency equivalent to the total amount payable by it hereunder from any account opened by
Party A with the system of China Construction Bank, without giving any prior notice to Party A. Party A shall assist Party B in handling the foreign exchange purchase, sale or settlement formalities as required for such deduction, and Party A shall
bear the exchange rate risk. 
  

	IX.	 Dispute resolution 

Any dispute arising from the performance of this Contract may be resolved through negotiations, and if any dispute fails to be resolved through
negotiations, it shall be resolved in accordance with paragraph 1 below: 
  

	 	1.	 The dispute shall be submitted to the people’s court at the place of domicile of Party B.

  

	 	2.	 The dispute shall be submitted to [BLANK] arbitration commission for arbitration seated in
[BLANK] in accordance with the arbitration rules of the commission in effect at the time of arbitration application. The arbitration award shall be final and binding upon the Parties. 

The Parties shall continue to perform the provisions of this Contract which are not subject to dispute during the legal or arbitration
proceedings. 
  

	X.	 Effectiveness of the Contract 

This Contract shall take effect upon the signing and affixing with the company seal by Party A’s legal representative (principal) or
authorized representative and the signing and affixing with the company seal by Party B’s principal or authorized representative. 

Appendices to this Contract shall be part of this Contract, and have the equal legal force as this Contract. 

 

	XI.	 This Contract shall be made in four originals. 

 

	XII.	 Other provisions 

  

	 	(I)	 Provisions in relation to value added tax 

 

	 	1.	 All prices and other fees hereunder shall be inclusive of value added tax, unless otherwise agreed by the
parties. 

  

	 	2.	 Invoicing 

  

	 	2.1	 Party B shall issue invoices in accordance with paragraph (1) below: 

 

	 	(1)	 If Party A requests issuance of invoices, Party B shall, after the receipt of the amount paid by Party A, issue
a value added tax invoice in such amount in accordance with the laws. 

  

	 	(2)	 Other provisions: [BLANK] 

 

	 	2.2	 Invoicing details provided by Party A 

Company name (full name): Genetron Health (Beijing) Company, Ltd. 

Taxpayer identification number: 91110114339802512K 

Bank account: [***]  

Account bank: China Merchant Bank, Beijing Guanghua Road Sub-branch 

 

	 	Address:	 Room 201, 2/F, Building 11, Sector 1, No. 8 Shengmingyuan Road, Zhongguancun Life Science
Park, Huilongguan Town, Changping District, Beijing 

 Tel: 010-50907513 

 

	 	2.3	 If any invoice needs to be made void or any credit note needs to be issued, Party A shall promptly provide the
assistance as requested by Party B. If an invoice cannot be made void or a credit note cannot be issued due to any reason attributable to Party A, Party A shall compensate for all losses incurred by Party B, including without limitation taxes,
surcharges, penalties, and late payment interest. 

  

	 	3.	 If Party A is a foreign entity, and is entitled to preferential tax treatment under the applicable laws,
regulations, rules and department regulations in respect of the price and other fees hereunder, in respect of which any tax filing is required, Party A shall promptly provide Party B with sufficient and accurate information in relation to the filing
for preferential value added tax treatment as requested by Party B, so as to assist Party B in completing the tax filing. 

  

	 	(II)	 Service of documents 

Party A and Party B agree on the addresses for the service of notices, agreements and instruments in relation to this Contract and the legal
consequences as follows: 
  

	 	1.	 Address: 

  

	 	(1)	 Party A confirms that its valid address for the service of documents is: 

Room 201, 2/F, Building 11, Sector 1, No. 8 Shengmingyuan Road, Zhongguancun Life Science Park, Huilongguan Town,
Changping District, Beijing 
  

	 	(2)	 Party B confirms that its valid address for the service of documents is: 

No. B-10 Chaowai Avenue, Chaoyang District, Beijing  

 

	 	2.	 Applicable scope of the address 

The addresses above shall be applicable to the service of all notices, agreements and instruments in relation to this Contract, including
without limitation the service of all notices and agreements during the performance of this Contract, the service of relevant documents and legal instruments in relation to any dispute over this Contract, and the service of the legal process in the
arbitration or civil proceedings of the first instance, second instance, retrial or enforcement in relation to such dispute. 
  

	 	3.	 Change of address 

  

	 	(1)	 If there is any change to Party A’s address, it shall notify Party B in writing of such change at least
twenty business days in advance, by giving a written notice to the address of service of Party B; 

  

	 	(2)	 If there is any change to Party B’s address, it shall notify Party A of such change by giving a written
notice to Party A by post. 

  

	 	(3)	 If a Party changes its address in the course of arbitration or civil proceedings, it shall also notify the
arbitration institution or court in writing of such change. 

  

	 	(4)	 After a Party performs the notification obligation above, its address after such change shall become its
effective address of service; otherwise, the original address confirmed by it shall remain as its effective address of service. 

  

	 	4.	 Legal consequences 

  

	 	(1)	 If any notice, agreement, legal document or other document fails to be actually received by a Party or
delivered by post, due to the reasons that the address provided or confirmed by a Party is inaccurate, or a Party fails to promptly give a notice as required above after a change to the address, or a Party or its designated recipient refuses to
accept the notice, agreement or document, sch notice, agreement or document shall be deemed as served on the date of rejection; if such notice, agreement or document is delivered in person, it shall be deemed as served on the date as confirmed by
the person who is served on the acknowledgement of receipt. 

	 	(2)	 The arbitration institution or court may directly send documents to the addresses above by post, and any
document served by the arbitration institution or court at such address shall be deemed as served on the relevant Party, whether or not such documents are actually received by the recipient. 

 

	 	(III)	 In the event of deterioration of Party A’s credit condition, including without limitation the events of
default on part of Party A or any circumstance that may endanger Party B’s claims hereunder, Party B may unilaterally adjust the disbursement amount or refuse to disburse any loan or financing to Party A, without prior notice to Party A. Party
A undertakes not to raise any objection to such arrangement. 

  

	 	(IV)	 Article 11 of this Contract shall be amended as: This Contract shall take effect upon the affixing with the
signature stamp or name seal and the company seal by Party A’s legal representative (principal) or authorized representative and the signing and affixing with the company seal by Party B’s principal or authorized representative.

 Article 12    Representations and Warranties 

 

	I.	 Party A expressly acknowledges Party B’s business scope and authority. 

 

	II.	 Party A has read all terms of this Contract. Upon Party A’s request, Party B has explained the relevant
terms of this Contract. Party A fully knows and understands the meaning and relevant legal consequences of the terms of this Contract. 

  

	III.	 The execution and performance of obligations under this Contract by Party A comply with the applicable laws,
administrative regulations and rules, and the articles of association or constitutional documents of Party A, and have been approved by the competent corporate organ and/or the competent government authority. 

 

	IV.	 Party A complies with the laws and regulations in conducting production and operation; 

 

	V.	 Party A is able to operate as a going concern, and has the legal source of funding to repay the loan hereunder;

  

	VI.	 Party A undertakes that all the loans hereunder are borrowed for the true need, and do not exceed the actual
need. 

  

	VII.	 Party A and its controlling shareholder are in good credit conditions, and have no material record of bad
credit. 

  

	VIII.	 Party B may appoint any other branch of China Construction Bank to disburse the loan hereunder, and exercise
and perform the rights and obligations of Party B hereunder. Party A has no objection to such appointment. 

  

	IX.	 Party A represents that at the time of execution of this Contract, Party A and its material related parties do
not violate the applicable laws, regulations or rules in relation to the management of environmental and social risks, and undertakes that it will reinforce the management of environmental and social risks in relation to itself and its material
related parties after the execution of this Contract, and that it will comply with the applicable laws, regulations and rules in relation to the management of environmental and social risks, and refrain from any construction, production or operation
which will cause damage and related risks to the environment and society (including without limitation the environmental and social issues in relation to energy consumption, pollution, land, health, safety, relocation and settlement, ecological
protection, emission reduction, and climate change). Party A agrees that Party B may supervise on Party A’s management of the environmental and social risks, and require Party A to submit environmental and social risk reports. If any
representation of Party A above is false, or Party A fails to comply with its undertakings above, or Party A may cause environmental and social risks, Party B may terminate the credit facility granted to Party A (including without limitation refusal
to disburse a loan, provide financing, issue a guarantee letter, letter of credit or bank acceptance bill), or declare the principal of and interest on any debt (including without limitation loan, facility and any advance which has been or may be
made) as immediately due and payable, or take any other remedial measures provided hereunder or permitted by the laws. 

 Party A (company seal): Genetron Health (Beijing) Company, Ltd. (seal) 

Legal representative (principal) or authorized representative (signature): Sizhen Wang (seal) 

Date: March 16, 2020 

Party B(company seal): China Construction Bank, Beijing Chaoyang Sub-branch (seal) 

Principal or authorized representative (signature): 

Date: March 16, 2020 

The Parties to this Contract shall verify the authenticity of the terms of this Contract by scanning the QR code with the CCB mobile banking App.EX-10.23

 Exhibit 10.23 

*** CERTAIN MATERIAL (INDICATED BY THREE ASTERISKS IN BRACKETS) HAS BEEN OMITTED FROM THIS DOCUMENT BECAUSE IT IS BOTH (1) NOT MATERIAL AND
(2) WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED. 
 Credit Agreement 

(for working capital loans not requiring a separate loan contract) 

No.: 2020 Financial Street Direct Grant 387 

Grantor: China Merchants Bank, Beijing Branch (“Party A”) 

Applicant: Genetron Health (Beijing) Company, Ltd. (“Party B”) 

Upon Party B’s application, Party A agrees to provide a credit line to it for its use. Now, therefore, Party A and Party B (each a
“Party”, collectively the “Parties”) hereby agree to enter into this Credit Agreement (“Agreement”) on the following terms through mutual consultations in accordance with relevant laws. 

1. Credit Line 
 1.1 Subject to this Agreement, Party A
grants to Party B a credit line of RMB25 million (including RMB equivalent in other currencies, converted at an exchange rate announced by Party A at the time when a specific business actually occurs, the same below)
(including revolving credit line and/or one-time credit line). 
 Party A (or an subordinate entity of Party A,
i.e., China Merchants Bank, Beijing   /  ) and Party B previously signed a Credit Agreement (insert agreement title here) No. 2019 XJJZDS 055. Any amount outstanding under such agreement shall be
automatically covered by this Agreement and directly deduct the credit line under this Agreement. 
 1.2 The credit term is 24 months, from May
17, 2020 to May 16, 2022. Where Party B intends to use the credit line for a specific business, it shall submit an application to Party A within the credit term. Party A will not accept any application from Party B for
use of the credit line beyond the credit term, unless otherwise provided in this Agreement. 
 1.3 Credit businesses under the credit line shall include,
without limitation, one or more of the following businesses: loans/order loans, trade financing, bills discounting, acceptance of commercial bills of exchange, confirmation/discounting for accepted commercial bills of exchange, foreign/domestic
letters of guarantee, guarantee for payment of customs duty, legal-person account overdraft, derivative businesses, gold leasing, etc. 
 “Trade
financing” includes, without limitation, foreign/domestic letters of credit, import bill advance, delivery guarantee, import collection bill advance, package lending, export bill advance, export negotiation, export collection bill advance,
import/export remittance financing, credit insurance financing, factoring, guarantee of bills and other business types. 

 1.4 Revolving credit line refers to the maximum sum of the balance of the principal under one or more credit
businesses described in the preceding paragraph, which is granted by Party A to Party B for its continuous and revolving use during the credit term. 
 One-time credit line refers to the maximum sum of the aggregate incurred amount of all credit businesses described in the preceding paragraph, which is approved and granted by Party A to Party B during the credit
term. Party B is not allowed to revolve one-time credit. Each credit business applied for by Party B will occupy the corresponding amount in the one-time credit line,
until such credit line is fully occupied. 
 1.5 Special clause for secondary mortgages (tick “Ö” in
the “☐”, if applicable) 
 ☐ Party A (or an subordinate entity of Party A, i.e., China Merchants Bank, Beijing
  /  ) and Party B previously signed a Credit Agreement No.   /  . Upon registration of the mortgage under the Maximum Mortgage Contract No.   /  , any amount
outstanding under the said agreement for specific businesses (a list of such outstanding specific businesses is attached hereto as Appendix 7) shall be automatically covered by this Agreement and directly occupy the credit line under this Agreement.

 2. Credit Line Occupation Arrangements 
 2.1 All
specific credit businesses applied for by Party B and approved by Party A during the credit term will be automatically covered by this Agreement and occupy the credit line under this Agreement. In addition, Party A agrees that, upon Party B’s
application, Party B’s designated subordinate entities and/or other affiliates (a list and relevant information of which is attached hereto as Appendix 8, “Party B’s Designated Enterprises”) may apply for
  /   (insert business type) financing with Party A to address their business needs, with a financing amount of   /  . Such financing amount will occupy the above credit line granted by Party A
to Party B. Where Party A handles a financing business upon application of Party B’s Designated Enterprise, Party B shall bear joint and several liability towards Party A for the obligations of Party B’s Designated Enterprise under the
specific financing agreement and/or related documents signed with Party A within the credit line. That is, Party B shall unconditionally bear joint and several liability for the repayment of any debt of Party B’s Designated Enterprises created
by using the credit line granted by Party A to Party B under this Credit Agreement. 
 If any of Party B’s Designated Enterprises fails to perform its
obligations under a financing agreement or related documents signed with Party A, Party A shall, in addition to the rights under this Agreement and such financing agreement, have the right to notify Party B and Party B’s Designated Enterprise
to cease the use of the credit line under this Credit Agreement by Party B’s Designated Enterprise. If Party B or a third-party guarantor fails to fulfill their joint and several liability of repayment, Party A shall also be entitled to cease
Party B’s use of the credit line under this Credit Agreement. 

 2.2 Where Party A handles a factoring business in which Party B is the payer (debtor of accounts
receivable), Party A’s claims against Party B in such accounts receivable as transferred from a third party shall occupy the above credit line. If Party B applies with Party A for a factoring business in which Party B is the payee (creditor of
accounts receivable), the amount paid by Party A with its own funds or funds from other legal sources to buy Party B’s claims in such accounts receivable (purchase price) shall occupy the above credit line. 

2.3 If Party A, after issuing a letter of credit, delegates another branch of China Merchants Bank to re-issue the
letter of credit to the beneficiary as necessitated by its internal processes, the letter of credit and the subsequent bill advance and delivery guarantee businesses occurred under such letter of credit shall both occupy the above credit line. 

For import letters of credit issued, if an import bill advance actually occurs under the import letter of credit, such import letter of credit and such import
bill advance shall occupy the same amount in the credit line at different phases. That is, when the import bill advance business occurs, the amount restored after the letter of credit is paid for will be used to handle the import bill advance and be
deemed to occupy the same amount in the credit line. 
 3. Approval and Use of Credit Line 

3.1 The credit line types (revolving or one-time) under this Agreement, credit business types covered by each credit
line type, amount usable by each credit business type covered by credit line, transferability among different credit business types, specific use conditions, etc. are subject to Party A’s approval. During the credit term, if Party A adjusts its
original approval for an application submitted by Party B, the subsequent approval issued by Party A shall constitute a supplementation and amendment to the original approval, and so on. 

3.2 Party B’s use of the credit line must be applied for on a
case-by-case basis, and Party B shall submit the materials required by Party A for Party A’s approval on a case-by-case basis. Party A may decide whether to approve the application by taking into account its internal management requirements and Party B’s business conditions. Party A may unilaterally reject
Party B’s application without any legal liability whatsoever to Party B. If there is any discrepancy between this clause and other relevant provisions of this Agreement, this clause shall prevail. 

3.3 Upon Party A’s approval of a specific credit business, the specific business documents signed by the Parties for such business (including but not
limited to individual agreements/applications, framework agreements or specific business contracts) shall constitute an integral part of this Credit Agreement. The specific amount, interest rate, term, purpose, costs and other elements of each loan
or other credit business shall be determined pursuant to the specific business documents, business vouchers confirmed by Party A (including but not limited to loan notes, etc.) and records in Party A’s system. 

Where Party B requests a working capital loan within the credit line, there is no need for the Parties to sign a separate loan contract. Party B shall submit
a withdrawal application on a case-by-case basis, and Party A shall approve such application on a
case-by-case basis. 

 3.4 Party A has the right to adjust the base interest rates or interest rate pricing methods for
loans/other credits under this Agreement on a regular or irregular basis by taking into account changes in relevant State policies, domestic and overseas market conditions, or its own credit policies. Such adjustment shall become effective upon
Party A’s notice to Party B (by publishing an announcement at Party A’s outlets or China Merchants Bank’s official website, or sending a notice to the mailing address/contact details provided by Party B herein). If Party B does not
accept the adjustment, it may make repayments in advance; otherwise, the adjustment shall be deemed to have been accepted by Party B and apply according to the above notice. 

If there is any discrepancy between this clause and other relevant provisions of this Agreement, this clause shall prevail. 

3.5 The term for using each loan or other credit within the credit line shall be determined based on Party B’s operation needs and Party A’s
business management rules. The maturity date of a specific business may be later than the expiration date of the credit term (unless otherwise required by Party A). 

3.6 During the credit term, Party A shall be entitled to conduct regular annual reviews of Party B’s operations, financial conditions, etc., and adjust
the credit line granted to Party B based on the review results. 
 4. Interest Rate for Working Capital Loans 

4.1 The interest rate for each loan under this Agreement shall be specified by Party B in the corresponding withdrawal application for Party A’s approval.
If there is any discrepancy between the withdrawal application and the loan note or the record in Party A’s system, the loan note or the record in Party A’s system shall prevail. 

4.2 If Party B fails to use a loan for purposes agreed in this Agreement, for the part not used for the agreed purposes, a penalty interest shall accrue at
the original interest rate plus [***]% from the date of change of the purposes. Original interest rate refers to the interest rate applicable before the purposes of the loan are changed. 

If Party B fails to repay a loan on time, for the unpaid portion of the loan, an overdue interest (penalty interest) shall accrue at the original interest
rate plus [***]% (overdue interest rate) from the overdue date. Original interest rate refers to the interest rate applicable before the loan maturity date (including early maturity date) (or the interest rate applicable in the last floating
period before the loan maturity date (including early maturity date), if floating interest rate is used). 
 If a loan is both overdue and not used for the
agreed purposes, the higher of the above interest rate shall apply. 
 4.3 During the loan term, if the People’s Bank of China adjusts the rules for
loan interest rates, the relevant rules of the People’s Bank of China shall apply. 

 4.4 If a loan maturity date falls on a holiday, the loan shall be automatically extended to the first
working day immediately following the holiday, and interest shall accrue for the actual number of days occupied by the loan funds. 
 4.5 Party B shall pay
interest on each interest payment date. Party A may directly deduct interests payable from any account of Party B opened with China Merchants Bank. If the repayment date of the last installment of the loan principal is not an interest payment date,
the repayment date of the last installment of the loan principal shall be taken as the interest payment date, and the borrower shall pay all interests accrued on the loan principal on that date. If Party B fails to pay interests on time, a compound
interest shall accrue on the overdue interests (including penalty interests) at the overdue interest rate provided in this article. 
 5. Guarantee

 5.1 For all debts owed by Party B to Party A under this Agreement (including debts owed to Party A due to the occupation by Party B’s designated
subsidiaries or/and other affiliates of the credit line under this Agreement), Party B or a third party recognized by Party A shall provide guarantee by pledging or mortgaging certain property or provide joint security. Party B or such third-party
guarantor shall issue or sign a separate guarantee document at Party A’s request. 
 5.2 If the guarantor fails to sign the guarantee document or
complete the guarantee procedures in accordance with this article (including where the debtor of accounts receivable raises a challenge against such accounts before they are pledged), Party A shall be entitled not to provide the relevant credit to
Party B. 
 5.3 Where a mortgagor mortgages a real estate as guarantee for all debts owed by Party B to Party A under this Agreement, if Party B becomes
aware that the collateral is or may be included in the government’s demolition or expropriation plan, it shall notify Party A thereof immediately and urge the mortgagor to use the compensation items received from the demolishing party as
ongoing guarantee for Party B’s debts in accordance with the mortgage contract, and promptly complete the relevant guarantee procedures, or, at Party A’s request, provide other security measures approved by Party A. 

If, due to the occurrence of an event described in the preceding paragraph to the collateral, it is necessary to re-establish the guarantee or provide other
security measures, the relevant costs incurred shall be borne by the mortgagor, and Party B shall bear joint and several liability for such costs. Party A shall be entitled to directly deduct such costs from Party B’s account. 

5.4 Special clause for domestic loans with foreign guarantee (tick “Ö” in the “☐”, if
applicable) 
 ☐ Any deposit, letter of guarantee or other pledge collateral provided by Party B shall meet the requirement that the guarantee ratio
does not exceed 95%. If any deposit, letter of guarantee or other pledge collateral provided by Party B to Party A is in a currency different from the currency of the loan, the opening sales price of the exchange rate published by China
Merchants Bank on the loan disbursement date shall be used to calculate the guarantee amount. If the guarantee ratio reaches or exceeds 95% due to exchange rate fluctuations or for other reasons after the loan disbursement date, Party B
undertakes to immediately supplement a corresponding deposit or other pledge collateral within 5 working days upon receipt of Party A’s notice requesting Party B to do so, until the guarantee ratio falls to or below 95%. The number of
times to make such supplementations is not limited. 

 6. Party B’s Rights and Obligations 

6.1 Party B has the following rights: 
 6.1.1 To request Party A
to provide loans or other credits within the credit line in accordance with the conditions set forth in this Agreement; 
 6.1.2 To use the credit line in
accordance with this Agreement; 
 6.1.3 To request Party A to keep confidential any information provided by Party B about its production, operations,
property, accounts, etc., unless otherwise provided in this Agreement; 
 6.1.4 To transfer debts to a third party upon written consent of Party A. 

6.2 Party B bears the following obligations: 
 6.2.1 To
truthfully provide documents and materials required by Party A (including but not limited to providing authentic financial books/statements and annual financial reports at the frequency required by Party A, material decisions on and changes in
production, operations and management, fund withdrawal/use data, collateral data, etc.), as well as information of its account opening bank, account number, deposit and loan balance, and cooperate with Party A’s investigations, reviews and
inspections; 
 6.2.2 To be subject to Party A’s supervision over the use of credit funds and the relevant production, operation and financial
activities; 
 6.2.3 To use loans and/or other credits in accordance with the provisions of and/or for purposes committed under this Agreement or specific
business documents; 
 6.2.4 To repay the principal, interests and costs of all loans, advances and other credit debts in full and on time in accordance
with this Agreement and specific business documents; 
 6.2.5 To obtain the written consent of Party A before transferring all or part of its debts under
this Agreement to any third party; 
 6.2.6 If any of the following events happens, Party B shall notify Party A immediately and cooperate actively with
Party A to provide security measures for the safe repayment of the principal, interests and costs of the loans, advances and other credit debts under this Agreement: 

6.2.6.1 Party B experiences a material financial loss, assets loss or other financial crisis; 

 6.2.6.2 Party B offers a loan or provides a guarantee or security in favor of a third party or in protection
of a third party against loss, or provides its own property (rights) as mortgage (pledge) collateral; 
 6.2.6.3 Party B suspends business operations, has
its business license revoked or cancelled, applies or is applied for bankruptcy or dissolution, or changes its key company information, e.g., company name, registered address, place of business, beneficial owner, etc.; 

6.2.6.4 Party B’s controlling shareholder, affiliated company or actual controller sustains a material operating or financial crisis, which affects its
normal business operations, or Party B’s legal representative/principal, director or key senior management personnel are replaced or are punished/restricted of freedom by a competent PRC authority for breach of law, misconduct or for other
reasons, or are missing for 7 days, which may affect its normal business operations; 
 6.2.6.5 Party B makes a related-party transaction with its
controlling shareholder, affiliated company or actual controller in an amount equaling 10% of Party B’s net assets (Party B’s notice shall at least include the affiliation relationship between the transaction parties, transaction items and
nature, transaction amount or ratio, pricing policy (including transactions for no price or a nominal price), etc.); 
 6.2.6.6 Party B faces any
litigation, arbitration or criminal or administrative penalty which has significant adverse impact on its operations or property conditions; 
 6.2.6.7
Party B or its actual controller is engaged in a significant amount of private usury, or has bad records at other financial institutions for borrowing new loans to repay old ones, overdue loans, overdue interests, etc.; or the internal capital chain
of Party B’s affiliate is broken and a debt crisis occurs; or Party B’s project is terminated or suspended or Party B makes a material investment error; 

6.2.6.8 Other major events which may affect Party B’s solvency. 

6.2.7 Party B shall not be negligent to manage or recover its claims falling due, or dispose of its existing major property without a compensation or by other
inappropriate means. 
 6.2.8 Party B must obtain prior written consent of Party A for major matters such as merger (acquisition), division, restructuring,
joint venture (partnership), assets (equity interests) transfer, shareholding reform, foreign investment, increasing debt financing, etc. 
 6.2.9 Where
accounts receivable are pledged, Party B shall ensure that the credit balance at any point during the credit term will remain below 80% of the balance of the pledged accounts receivable; otherwise, Party B must provide new accounts receivable
approved by Party A as pledge or lodge a deposit (the deposit account shall be the one automatically created or recorded in Party A’s system when the deposit is lodged, the same below), until the balance of the pledged accounts receivable
× 80% + valid deposit > credit balance. 

 6.2.10 Where Party B lodges a deposit, if the balance in the deposit account falls under 95% of the
amount of the specific business due to exchange rate fluctuations, Party B shall supplement a corresponding amount of deposit or provide other guarantees at Party A’s request. 

6.2.11 Party B shall ensure that all import sales revenues are retrieved into Party A’s designated account, and for export negotiations, all bills and/or
documents under letters of credit are transferred to Party A. 
 6.2.12 Party B shall ensure that settlements, payments and other revenue earning and
expending activities are mainly made via its settlement bank account opened with Party A. During the credit term, the proportion of settlement transactions made via such designated account shall be at least not lower than the proportion of Party
B’s financing amount with Party A in its total financing amount with all banks. 
 7. Party A’s Rights and Obligations 

7.1 Party A has the following rights: 
 7.1.1 To request Party B
to repay the principal, interests and costs of loans, advances and other credit debts under this Agreement or specific contracts in full and on time; 

7.1.2 To request Party B to provide materials for the use of its credit line; 

7.1.3 To learn about Party B’s production, operations and financial activities; 

7.1.4 To supervise over Party B’s use of loans and/or other credits for purposes stipulated in this Agreement and specific business documents; and to
unilaterally and directly suspend or limit, for business needs, the corporate online banking/corporate APP/other online functions of Party B’s account (including but not limited to closing corporate online banking/corporate APP/other online
functions, presetting a payee list/single payment cap amount/phased payment cap amount and other limits) and other electronic payment channels, limiting the sale of settlement vouchers, or limiting over-the-counter payments and fund transfers via Party B’s account as well as the payment and exchange functions in non-counter channels such as telephone banking
and mobile banking; 
 7.1.5 To, after issuing a letter of credit upon Party B’s application, delegate another branch of China Merchants Bank at the
place where the beneficiary is domiciled to re-issue the letter of credit to the beneficiary as necessitated by its internal processes. 

7.1.6 To deduct directly from any account opened by Party B with any institution of China Merchants Bank for the repayment of Party B’s debts under this
Agreement or specific business documents (if a credit debt is not in RMB, to directly use funds in Party B’s RMB account, converted at the exchange rate announced by Party A at the time of deduction, to repay the principal, interests and costs
of such credit debt); 
 7.1.7 To transfer its claims against Party B and take actions as it deems fit to notify Party B of such transfer and seek
collection from Party B, including but not limited to by fax, mail, personal delivery, announcement in public media, etc.; 

 7.1.8 To supervise over and entrust other institutions of China Merchants Bank to supervise over Party
B’s accounts, and control the payment of loan funds for such loan purposes within such payment scope as agreed by the Parties; 
 7.1.9 If Party A
finds that Party B falls under any of the circumstances stipulated in Article 6.2.6 of this Agreement, Party A shall be entitled to request Party B to provide security measures for the safe repayment of the principal, interests and all relevant
costs of the credit debts under this Agreement at Party A’s request, and also to directly take one or more breach remedies stipulated in the “Breach Events and Handling” clause of this Agreement; 

7.1.10 Other rights stipulated in this Agreement. 
 7.2 Party A
bears the following obligations: 
 7.2.1 To disburse loans or provide other credits within the credit line to Party B in accordance with the conditions set
forth in this Agreement and specific contracts; 
 7.2.2 To keep confidential the assets, finance, production and operations of Party B, unless otherwise
provided in laws and regulations, or otherwise required by regulatory authorities, or unless the recipient is Party A’s superior or subordinate entities or external auditors, accountants, lawyers or other professionals bound by the same
confidentiality obligations. 
 8. Specific Warranties by Party B 

8.1 Party B is a legal-person entity duly established and legally existing under PRC laws, has completed true, legal and valid registration, annual reporting
and disclosure procedures, and has full civil capacity to sign and perform this Agreement; 
 8.2 Party B has full authorization from its board of directors
or any other competent body to sign and perform this Agreement; 
 8.3 All documents, materials, vouchers, etc. provided by Party B concerning itself and
the guarantors, mortgagors (pledgors), mortgage (pledge) collateral, etc. are true, accurate, complete, valid and free from any material misstatement of facts or omission of any material fact; 

8.4 Party B shall strictly abide by the specific business documents and the relevant correspondences and documents issued to Party A; 

8.5 There are no and will be no lawsuits, arbitrations or criminal or administrative penalties which may have significant adverse impact on Party B or Party
B’s main property on the signing date or during the performance of this Agreement. If any such event happens, Party B shall notify Party A immediately; 

8.6 Party B shall strictly abide by all PRC laws and regulations in its business activities, strictly carry out business within the scope stated in its
business license or as legally approved, and undergo enterprise (legal-person) registration, annual reporting, business term renewal/extension and other procedures on time; 

 8.7 Party B shall maintain or improve its existing operation and management levels and ensure the
preservation and appreciation of its existing assets. It shall not waive any claims falling due or dispose of its existing major property without a compensation or by other inappropriate means; 

8.8 Without the permission of Party A, Party B shall not repay any other long-term debts in advance; 

8.9 All loans applied for under the credit shall meet the requirements of laws and regulations. Party B shall not use the loans for investment in fixed
assets, equity interests, etc., or for speculation in marketable securities, futures or real estate, or for mutual borrowing to seek illegal gains, or in areas and for purposes banned by the State for its production and operation, or for purposes
other than those specified in this Agreement and specific business documents; 
 Where loan funds are to be self paid by the borrower, Party B shall report
to Party A on a regular basis (at least monthly) the payment of such loan funds, and Party A shall be entitled to verify whether the loan funds are paid for the agreed purposes via account analysis, voucher inspection,
on-site investigation, etc. 
 8.10 There are no other major events concerning Party B which will affect Party
B’s performance of its obligations under this Agreement on the signing date and during the performance of this Agreement. 
 9. Special Provisions
on Working Capital Loans 
 9.1 Withdrawal and use of funds 

Party B may use the working capital loans under this Agreement by way of self payment or entrusted payment. 

9.1.1 Self payment 
 Self payment means that Party A disburses
the loan funds into Party B’s account upon Party B’s withdrawal application and Party B then makes payment to a counterparty for purposes stipulated in the relevant agreement. 

9.1.2 Entrusted payment 
 Entrusted payment means that, upon
Party B’s withdrawal application and entrustment, Party A pays the loan funds to a counterparty for purposes stipulated in the relevant agreement via Party B’s account. For loan funds under entrusted payment, Party B authorizes Party A to
pay the same to the counterparty through Party B’s account on the loan disbursement date (or on the first working day immediately following the loan disbursement date). 

9.1.3 Under any of the following circumstances, Party B shall unconditionally and fully make entrusted payment: 

 9.1.3.1 The amount of a single withdrawal exceeds RMB 10 million (including, or
equivalent in, foreign currency); 
 9.1.3.2 Party A requires Party B to make entrusted payment based on regulatory requirements or risk management needs.

 9.1.4 For an entrusted payment, Party B’s outward payment of the loan funds after disbursement of the loan must be approved by Party A. Party B
shall not evade Party A’s supervision by online banking, check inversing, or breaking up a large payment into several small ones, etc. 
 9.2 When
Party B withdraws a fund, it shall submit a withdrawal application (affixed with Party B’s official seal or its specimen seal/signature recorded at Party A) and a loan note as required by Party A, as well as materials required by Party A for
self payment or entrusted payment, as the case may be; otherwise, Party A shall be entitled to refuse Party B’s withdrawal application. If any payment is delayed or fails due to inaccurate or incomplete payment information provided by Party B,
Party A shall not be held liable for Party B’s breach towards its counterparty or other losses caused thereby. 
 9.3 Loan extension 

If Party B is unable to repay a loan under this Agreement on time and needs an extension, it shall submit a written application to Party A one month before
the expiration of the loan. If Party A agrees to grant the extension after examination, the Parties shall sign a separate loan extension agreement. If Party A does not agree to grant the extension, the loan amount already occupied by Party B and the
interests accrued thereon shall be repaid in accordance with this Agreement, the relevant loan note or the record in Party A’s system. 
 10. Breach
Events and Handling 
 10.1 If Party B falls under any of the following circumstances, a breach event shall be deemed to have occurred: 

10.1.1 Party B fails to perform or violates its obligations under this Agreement; 

10.1.2 Party B’s special warranties under this Agreement are untrue or incomplete, or Party B violates any such special warranty and fails to make
corrections as required by Party A; 
 10.1.3 Party B fails to withdraw or use loans in accordance with this Agreement, or fails to repay any loan
principal, interest or costs in full and on time in accordance with this Agreement, or fails to use the funds in the fund retrieval account as required by Party A, or fails to subject itself to Party A’s supervision and make prompt corrections
as required by Party A; 

 10.1.4 Party B commits a material breach under a legally valid contract with other creditors, which is not
satisfactorily resolved within 3 months upon occurrence. 
 A material breach mentioned above refers to a breach by Party B which entitles the creditor
to claim an amount of over RMB 1 million against Party B. 
 10.1.5 Where Party B is a NEEQ listed company or intends to apply
for NEEQ listing, its NEEQ listing encounters material obstacles or its application for listing is suspended; Party B is issued a warning letter by the NEEQ market, is ordered to make corrections, has transactions via its securities account
restricted, or is subject to other self-regulatory measures for 3 times or more, or is imposed disciplinary actions, a termination of listing, etc.; 

10.1.6 Where Party B is a supplier of a government procurement unit, the government procurement unit delays payment for 3 consecutive or cumulative times or
presents other risks not conducive to the repayment of Party B’s credit debts to Party A, or Party B is disqualified as a supplier (is entered into the government’s procurement blacklist), or makes untimely delivery of goods, or supplies
products of unstable quality, or experiences operation difficulties or significant deterioration in its financial conditions (insolvency), or discontinues its projects, etc.; 

10.1.7 Party B’s financial indicators fail to continuously meet the requirements of this Agreement/specific business documents; or the preconditions (if
any) for Party A’s grant of credit/financing to Party B under this Agreement/specific business documents are not continuously satisfied; 
 10.1.8
Party B uses any loan by “breaking up a large payment into several small ones” to avoid the requirements of this Agreement under which Party B should have entrusted Party A to make outward payments with the loan funds; 

10.1.9 Party B’s business activities may bring compliance risks of anti-money laundering or sanction to Party A. 

10.1.10 Other circumstances which Party A believes will impair its legitimate rights and interests. 

10.2 Where a guarantor falls under any of the following circumstances, which Party A believes may affect the guarantor’s ability of guarantee and thus
requests the guarantor to eliminate the adverse impact caused thereby or requests Party B to increase or replace the guarantee conditions, if the guarantor or Party B fails to cooperate, a breach event shall be deemed to have occurred: 

10.2.1 Any event similar to those described in Article 6.2.6 occurs or any event described in Article 6.2.8 occurs without the consent of Party A; 

10.2.2 The guarantor, at the time of issuing an irrevocable letter of guarantee, conceals its actual ability to assume the liability of guarantee, or fails to
obtain the authorization from the competent authority; 
 10.2.3 The guarantor fails to complete the relevant registration, annual reporting, business term
renewal/extension or other procedures on time; 

 10.2.4 The guarantor is negligent to manage or recover its claims falling due, or disposes of its existing
major property without a compensation or by other inappropriate means. 
 10.3 Where a mortgagor (or pledgor) falls under any of the following
circumstances, and Party A believes that the mortgage (or pledge) cannot be established or the mortgage (or pledge) collateral becomes insufficient and thus requests the mortgagor (or pledgor) to eliminate the adverse impact caused thereby or
requests Party B to increase or replace the guarantee conditions, if the mortgagor (or pledgor) or Party B fails to cooperate, a breach event shall be deemed to have occurred: 

10.3.1 The mortgagor (or pledgor) has no title to or right of disposition in the mortgage (pledge) collateral, or there are disputes over such title or right;

 10.3.2 The mortgage (or pledge) collateral has not undergone mortgage/pledge registration procedures, or has been leased, seized, attached, put into
custody, or is subject to a joint/statutory right of priority (including but not limited to the right of priority over construction project funds), etc., and/or such situation is concealed; 

10.3.3 The mortgagor transfers, leases, remortgages or disposes of the collateral in any other inappropriate manner without the written consent of Party A, or
the mortgagor does so with the written consent of Party A but fails to use the proceeds from such disposal at Party A’s request to repay the debts owed by Party B to Party A; 

10.3.4 The mortgagor fails to properly preserve, maintain or repair the collateral, resulting in a significant reduction in the value of the collateral; or
the mortgagor acts in such a manner as to directly endanger the collateral, resulting in a reduction in the value of the collateral; or the mortgagor fails to procure/renew insurance for the collateral as required by Party A during the mortgage
term; 
 10.3.5 The collateral is or may be included in the government’s demolition or expropriation plan, but the mortgagor fails to promptly notify
Party A thereof or perform the relevant obligations under the mortgage contract; 
 10.3.6 The mortgagor uses the residual value of a property mortgaged to
China Merchants Bank as collateral to provide guarantee for a business under this Agreement, and before Party B has repaid the credits hereunder, the mortgagor settles his/her individual mortgage loan in advance without the consent of Party A; 

10.3.7 Where the pledgor uses a financial product as collateral, the source of the fund used to subscribe for the financing product is illegal/incompliant
with regulations; 
 10.3.8 The mortgage (pledge) collateral is or may be involved in other events which will affect the value of the collateral or Party
A’s right of mortgage (pledge) in the collateral. 

 10.4 Where the guarantee under this Agreement includes the pledge of accounts receivable, if the debtor of
the accounts receivable experiences significant deterioration in its business operations, or transfers property/withdraws funds to evade debts, or colludes with the pledgor of the accounts receivable to change the repayment path, resulting in the
accounts receivable not repaid into the special repayment account, or loses business reputation, or loses or may lose the ability to perform the relevant contract, or falls under other major circumstances which will affect its ability to repay
debts, Party A shall be entitled to request Party B to provide corresponding guarantee or pledge other valid accounts receivable. If Party B fails to do so, a breach event shall be deemed to have occurred: 

10.5 If a breach event described above occurs, Party A shall be entitled to take the following measures separately or simultaneously: 

10.5.1 Reduce the credit line under this Agreement, or stop the use of the remaining credit line; 

10.5.2 Early recover the principal, interests and relevant costs of loans already disbursed within the credit line; 

10.5.3 For bills of exchange already accepted by Party A or letters of credit, letters of guarantee, delivery letters of guarantee, etc. already issued by
Party A (including those re-issued under a delegation arrangement) during the credit term, regardless of whether Party A has made any advances, Party A may request Party B to lodge additional deposits or
transfer the deposit balance in Party B’s other accounts opened with Party A into the deposit account as deposit for any future advances made by Party A for Party B under this Agreement, or escrow the corresponding amount to a third party as
deposit for future advances by Party A for Party B; 
 10.5.4 For claims in unpaid accounts receivable transferred from Party B under a factoring business,
Party A shall have the right to request Party B to immediately perform the obligations of repurchase and take other recovery measures under the relevant specific business documents. For claims in accounts receivable against Party B which are
transferred from Party B under a factoring business, Party A shall have the right to recover them from Party B immediately. 
 10.5.5 Party A may also,
based on the actual situation, directly request Party B to provide other property acceptable to Party A as new guarantee. If Party B fails to provide the new guarantee as required, it shall pay liquidated damages at 30% of the credit line
under this Agreement. 
 10.5.6 Directly freeze/deduct the deposit balance in any settlement account and/or other accounts opened by Party B with China
Merchants Bank, stop opening new settlement accounts for Party B, and stop issuing new credit cards to Party B’s legal representative; 
 10.5.7 Report
information of Party B’s breaches and dishonesty to credit reporting agencies and banking associations, and share such information among banking institutions or even make it public by appropriate means; 

10.5.8 Dispose of mortgage (pledge) collateral and/or recover against the guarantor in accordance with the guarantee documents; 

 10.5.9 Change the conditions for entrusted payment of funds of working capital loans under the credit line,
or cancel the option of “self payment” of loan funds by Party B; 
 10.5.10 Make recoveries in accordance with this Agreement. 

10.6 Funds recovered by Party A shall be used to repay credits in a “from the last to the first” order based on their actual maturity dates. For
each specific credit, the repayment order shall be: costs, liquidated damages, compound interest, penalty interest, interest, and principal, until the principal, interests and all relevant costs are fully repaid. 

Party A has the right to unilaterally adjust the above repayment order, unless otherwise provided by laws and regulations. 

11. Amendment and Supplementation 
 This Agreement may be
amended by the Parties through mutual consultation with a written agreement. This Agreement shall remain valid until such written amendment is signed. Neither Party may make unilateral amendment to this Agreement without authorization. 

Written supplementary agreements signed by the Parties for matters not covered herein or amendments hereto, together with the specific business documents
hereunder, shall constitute an integral part of this Agreement. 
 12. Miscellaneous 

12.1 During the term of this Agreement, any tolerance or grace period granted by Party A for any breach or default by Party B or any delay by Party A in
enforcing its rights or interests hereunder shall not impair, affect or restrict Party A’s rights and interests as a creditor under applicable laws and this Agreement, or constitute Party A’s permission or endorsement of any breach hereof,
or be taken as Party A’s waiver of its right to take actions against any existing or future breaches. 
 12.2 If for any reason this Agreement or any
provision hereof becomes invalid at law, Party B shall remain obliged to repay all debts owed to Party A under this Agreement. In such event, Party A shall be entitled to terminate the performance of this Agreement and immediately recover all debts
owed by Party B under this Agreement. 
 If, due to any change in applicable laws and policies, Party A incurs additional costs in performing its
obligations under this Agreement, Party B shall indemnify Party A for such additional costs at Party A’s request. 
 12.3 Notices, demands or other
documents relating to this Agreement between the Parties shall be sent in writing (including but not limited to by mail, fax, email, corporate online banking/corporate APP or other electronic platforms, mobile phone text message, WeChat, etc.). 

 12.3.1 A notice shall be deemed duly served, if delivered by person (including but not limited to by
lawyer/notary public, courier, etc.), on the date of acknowledgement of receipt by the recipient (if the recipient rejects, on the day of rejection/return or 7 days after the delivery date (whichever is earlier)); if sent by mail, 7 days after the
sending date; if sent by fax, email, notification on Party A’s electronic platform, mobile phone text message, WeChat or other electronic means, on the date when the sender’s relevant system displays a transmission success message. 

Where Party A makes an announcement in public media to notify Party B of a transfer of creditor’s rights or seek collection from Party B, the notice
shall be deemed duly served on the date of such announcement. 
 Where a Party changes its mailing address, email address, fax number, mobile number or
WeChat account, it shall notify the other Party of such change within 5 working days from the date of the change; otherwise, the other Party shall be entitled to serve notices to the original mailing address or other contact details. If a notice is
not successfully served due to a change in the recipient’s mailing address or other contact details, it shall be deemed duly served on the date of return or 7 days after the date of delivery (whichever is earlier). The Party making the change
shall bear all potential losses caused thereby, without prejudice to the legal effect of the service. 
 12.3.2 The mailing address, email address, fax
number, mobile number and WeChat account stated in this Agreement shall be the Parties’ respective addresses for service of notary and judicial instruments (including but not limited to statements of complaint/arbitration applications,
evidence, subpoena, notices of response, notices of production of evidence, notices of court session, hearing notices, judgments/arbitral awards, rulings, mediation letters, notices of performance within subscribed time limit, etc. and other legal
instruments at the case hearing and enforcement stages). Service by the court handling the case or a notary public to the above address in writing by means stipulated in this Agreement shall be deemed as effective service (the specific standards for
effective service are set forth in the preceding paragraph). 
 12.4 The Parties agree that, for trade financing business applications, Party B only needs
to affix its specimen seal/signature recorded at Party A, the effect of which is recognize by both Parties. 
 12.5 The Parties agree that, for credit
business applications or business vouchers submitted by Party B via Party A’s electronic platforms (including but not limited to corporate banking/corporate APP), electronic signature generated by USB key shall be deemed as Party B’s valid
signature, representing Party B’s true intent. Party A shall be entitled to prepare the relevant business vouchers based on the application information submitted online, and Party B recognizes the authenticity, accuracy and legitimacy thereof
and shall be bound thereby. 
 12.6 To facilitate business handling, Party A’s operations involving any transaction (including but not limited to
the acceptance of applications, review of materials, loan disbursement, transaction confirmation, fund deduction, inquiry, receipt printing, collection, crediting and debiting of funds, and notifications) may be handled by any of its outlets within
its jurisdiction, and such outlet may generate, make or issue the relevant correspondences accordingly. All business operations and correspondences made by Party A’s outlets within Party A’s jurisdiction shall be deemed as Party A’s
actions and be binding on Party B. 

 12.7 Appendixes hereto shall constitute an integral part of this Agreement and automatically apply to the
relevant specific businesses which actually occur between the Parties. 
 12.8 Costs for notarization (excluding mandatory notarization) or for other
services provided by a third party shall be borne by the entrusting Party. If the Parties jointly act as the entrusting party, each Party shall bear 50%. 

If Party B fails to repay a debt to Party A under this Agreement, it shall bear all attorney’s fees, litigation costs, travel expenses, announcement
fees, delivery fees and other costs incurred by Party A to enforce its creditor’s rights. Party B authorizes Party A to deduct such costs directly from its bank accounts opened with Party A. If there is a shortage, Party B warrants to make up
for it in full upon receipt of Party A’s notice without the need for Party A to provide any proof. 
 12.9 At Party A’s request, Party B shall
(tick “Ö” in the “☐”): 
 ☐ Procure insurance for its core assets and name
Party A as a beneficiary with top priority; 
 ☐ Not sell or mortgage the   /   assets designated by Party A until all
credit debts are settled; 
 ☐ Impose the following restrictions on dividends to its shareholders as required by Party A until all credit debts are
settled: 
   /   
 12.10 Party B
shall ensure that all its financial indicators will not go below the following criteria during the credit term: 
   /   

12.11 Party B is not performing any contract for domestic loans with foreign guarantee. If such a situation occurs, Party B shall report to Party A
immediately, and Party A shall be entitled to suspend the execution of new contracts for domestic loans with foreign guarantee and the handling of new withdrawals. 

12.12 Party B warrants that if there is any guaranteed performance under this Agreement, the sum of the balance of outstanding principal plus the balance of
existing external liabilities will not exceed the balance of its cross-border financing risk weight. If the sum exceeds the balance of its cross-border financing risk weight, Party B shall bear all liability arising therefrom. 

12.13 Other matters agreed: 
 12.13.1 Party B shall not use
false contracts with affiliates, or bills, accounts receivable or other claims without a trade background to handle bills discounting, factoring, pledge, letters of credit, forfeiting or other businesses with Party A. If Party B uses a related-party
transaction to damage or evade the claims of Party A or other branches of China Merchants Bank, a breach event shall be deemed to have occurred under this Agreement, which will entitle Party A to take the corresponding actions against the breach in
accordance with this Agreement. 

 12.13.2 If an affiliate of Party B commits a breach against China Merchants Bank, a breach event shall be
deemed to have occurred under the group’s credit, which will entitle Party A to, based on the extent of impact of the breach event, decide whether to take actions against the breach in accordance with this Agreement, regardless of whether Party
B has committed a breach under this Agreement. 
 12.13.3 A related-party transaction refers to a transfer of resources or obligations between related
parties, regardless of whether a price is charged. A party is a related party of the other party if it is able to directly or indirectly control or jointly control the other party or exert significant influence on the other party’s corporate
finance and operation decisions. If two or more parties are controlled by the same party, they are also related parties. The Parties agree that the specific definition of related party shall be subject to Party A’s determination. 

A group refers to a group of legal persons in which one party directly or indirectly holds (controls) or is held (controlled) by the others, or a group of
legal persons who are substantially or materially affiliated to each other in terms of risk (e.g., they are controlled by the same third party or have other affiliation relationships, which may result in a transfer of assets and profits not
at a fair price). Controlling refers to a relationship in which one party has actual control or significant influence over the other party’s business decision-making, capital operations, and the appointment of its senior management personnel.
The Parties agree that whether a party is a member of a group shall be subject to Party A’s determination. 
   /   

13. Account Information 
 13.1 Special loan account (tick
“Ö” in the “☐”, if applicable) 
 ☑ The disbursement and payment of all loan
funds under this Agreement must be made through the following account: 
 Beneficiary: Genetron Health (Beijing) Company, Ltd. 

Account No.: [***] 
 Bank: China Merchants Bank, Beijing
Guanghua Road Sub-branch 
 13.2 Fund retrieval account 

13.2.1 The Parties agree to designate the following account as Party B’s fund retrieval account: 

Beneficiary: Genetron Health (Beijing) Company, Ltd. 

Account No.: [***] 
 Bank: China Merchants Bank, Beijing
Guanghua Road Sub-branch 
 13.2.2 The above account is subject to the following supervision requirements:
  /   

 Party A is entitled to collect loans early based on Party B’s fund retrieval results. That is,
whenever a fund is retrieved into the above account, loans equivalent to the amount of such retrieved fund may be deemed to have matured early, and Party A may deduct the same amount directly from the account to repay the loans. 

13.3 Party B shall provide a fund flow statement of the above account on a quarterly basis, and cooperate with Party A’s supervision over the relevant
accounts and retrieved funds. 
 14. Governing Law and Dispute Resolution 

14.1 The conclusion, interpretation and dispute resolution of/under this Agreement shall be governed by and the Parties’ rights and interests shall be
protected under the laws of the People’s Republic of China (excluding the laws of Hong Kong, Macao and Taiwan). 
 14.2 Disputes between the Parties in
the performance of this Agreement shall be resolved through consultation. If the consultation fails, either Party may (choose one of the below options by ticking “Ö” in the corresponding
“☐”): 
 ☑14.2.1 Bring a lawsuit to the people’s court having jurisdiction at the domicile of Party A; 

☐14.2.2 Bring a lawsuit to the people’s court having jurisdiction at the place where this Agreement is signed, i.e.,
  /  ; 
 ☐14.2.3 Apply for arbitration with (insert name of the specific arbitration institution), with the venue of
arbitration being   /  . 
 14.3 Once this Agreement and the specific business documents become enforceable after the Parties
have them notarized, Party A may directly apply for enforcement hereof and thereof with a people’s court having jurisdiction to recover the debts owed by Party B hereunder and thereunder. 

15. Effectiveness 
 This Agreement shall take effect after
the legal representatives/principals of the Parities or their authorized agents sign (or affix their name seals) and affix official seals/contract seals on it, and shall be automatically terminated on the expiration date of the credit term or the
date when all debts and other relevant costs owed by Party B to Party A under this Agreement are settled (whichever is later). 
 16. Supplementary
Provisions 
 This Agreement is made in quadruplicates, with Party A, Party B, Beijing Zhongguancun Technology Financing Guarantee Co., Ltd., and
the State Intellectual Property Office each holding one original. All originals shall have the same legal effect. 

 Appendixes: 1. Special Terms for Cross-border Trade Financing Business 

2. Special Terms for Buyer/Import Factoring Business 
 3.
Special Terms for Order Loan Business 
 4. Special Terms for Accepted Commercial Bills Discounting Business 

5. Special Terms for Derivative Trading Business 
 6. Special
Terms for Gold Leasing Business 
 7. List of Outstanding Specific Businesses 

8. List of Party B’s Designated Enterprises 

 (Signature page to the Loan Agreement) 

Party A: China Merchants Bank, Beijing Branch (seal) 

Authorised Signatory: /s/ Kai Xiong 
 Address: No. 156 Bloc
A Fuxingmen Nei Street, Xicheng District, Beijing 
 E-mail: yuan-chao@cmbchina.com 

Fax: / 
 Contact Person Mobile Number: [***] 

Party B: (seal) Genetron Health (Beijing) Company, Ltd. 

Authorised Signatory: /s/ Sizhen Wang 
 Address: 1-2/F, Building 11, Zone 1, No.8 Life Science Parkway Changping District, Beijing 

E-mail: yangxing.li@genetronhealth.com 

Fax: 010-50907500 

Contact Person Mobile Number: [***] 
 Date:
                 Year                  Month
                 Day

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