Customers who need to borrow money apply to the platform and provide credit qualification materials. Customers who need investment and wealth management apply for loans from the platform. The platform recommends high-quality borrowers to customers with lenders according to customer needs, and the borrowers repay the principal and interest to the lenders. The platform collects service fees from customers at both ends. Qingtian platform facilitates both borrowers and lenders, helps wage earners, Wechat business, students and farmers to gain valuable growth opportunities, and helps many wealth managers to realize social value while obtaining economic returns, alleviate the contradiction of social funds and promote social harmony. ● The source of the borrower?

Qingtian helps urban working-class people, students, private owners and other high-growth groups to meet the demand for microfinance, and also provides low-cost microfinance services for remote rural areas. Qualified borrowers are high-credit and high-quality borrowers who have been strictly screened and checked at all levels.

What is the borrower's borrowing cost?

The borrower's borrowing cost includes "interest" and "service fee". "Interest" is based on the personal relationship between borrowers and borrowers. "Service fee" is based on the relationship between service providers (platform enterprises) and service recipients (individual customers). The "interest" part varies according to the credit qualification of each borrower. At present, the loan interest obtained through Qingtian platform is not higher than twice the interest rate of similar loans of banks, which is far lower than the "maximum interest rate of similar loans of banks is not higher than four times" proposed by relevant laws and regulations. "Service fee" refers to the service fee charged by Qingdao Platform for providing information services to customers, which is within a reasonable range agreed by both parties voluntarily. The borrower's borrowing cost bearing capacity has been strictly examined by Qingdao Credit Information Center, and both parties have agreed independently, which is in line with the borrower's actual bearing capacity and laws and regulations.

● Where did the borrower's funds go?

Qingtian is an information provider, helping borrowers to conduct credit evaluation and show it to the right lenders. Therefore, as long as the purpose of borrowing is legal and legitimate, the risk is controllable, and the lender agrees, the loan relationship between them can be established. However, similar lending, stock speculation and real estate speculation do not conform to the basic principles of credit risk control. Qingtian will conduct credit education for customers, emphasize similar principles, and do not recommend lenders to lend funds for similar purposes.

● How to lend money to borrowers?

There are two ways: 1, choose the borrower recommended by Qinglan and decide whether to lend; If a loan is decided, a loan agreement must be signed directly with the borrower by face-to-face, fax, scanning or authorization, and the lender is obliged to pay the borrower immediately according to the loan agreement; 2. Transfer the personal creditor's rights and debts under the loan agreement in the blue service, and pay the money to the transferor of the purchased creditor's rights, thus completing the lending of funds.

● How to recover the funds?

In accordance with the loan agreement (creditor's rights documents) agreed to recover on schedule.

● How to operate the post-loan management of Celastrus orbiculatus?

Qingdao has established a strong post-loan management system from headquarters to various places to ensure that risks can be controlled. The loan management team pays a return visit to customers from time to time during the repayment period to ensure that the changes of customers are timely grasped; The post-loan management team adopts different collection methods for defaulting customers at different stages, such as telephone collection, door-to-door visits, legal proceedings and other civilized and legal channels.

Qingtian accepts the entrustment of the lender through its partners, provides repayment management services, and regularly tracks and analyzes the borrower's performance of repayment obligations, which is an important factor in the subsequent credit evaluation of cooperation with the borrower. Social and Legal Basis of P2P Service

1. Private lending between individuals is a reasonable economic behavior that often happens among people since ancient times, but it needs to conform to certain rules and social value orientation.

2. Qingtian, as a platform, provides information consultation and services for customers with financial management and financing needs, and provides convenient private loans for both borrowers and borrowers, all of which are loans between natural persons (individuals), and the special provisions on loan contracts in Chapter XII of People's Republic of China (PRC) Contract Law are fully applicable.

3. Chapter 23 of People's Republic of China (PRC) Contract Law has a special chapter on brokerage business, which provides legal protection and legal restraint for individuals or enterprises engaged in brokerage business.

As a platform to fulfill the intermediary role and facilitate the borrower and borrower to conclude a loan agreement, Qinglan shall perform the intermediary obligation according to the above provisions of the Contract Law, and Qinglan has the right to charge reasonable remuneration to the parties. In practice, the service agreements signed between the platform and borrowers and lenders respectively stipulate the terms that borrowers or lenders entrust the platform to provide counterparty information and credit management services. Based on the entrustment of both parties, the platform provides opportunities for both parties to conclude loan agreements, and ultimately facilitates the signing of each loan agreement. In the loan agreement,

The platform does not collect funds, nor does it lend funds. The borrowing and repayment of funds are directly carried out between borrowers and lenders. There is no "fund raising" behavior on the platform, and there is no "illegal fund raising".

● What is the legality and legal basis of the credit consultation and service agreement and the creditor's rights assignment agreement?

On the premise of not violating the national laws and regulations, (refer to Article 52 of the Contract Law) as long as the contract does not violate these five points, it will be regarded as valid.

Article 1 Where one of the parties enters into a contract by means of fraud or coercion, thereby harming the interests of the State.

Article 2 Malicious collusion harms the interests of the state collective or a third party;

Article 3 Cover up illegal purposes in a legal form;

Article 4 Damaging the public interest;

Article 5 Mandatory provisions of illegal laws and administrative regulations

The legitimacy and legal basis of the lender's rate of return and the borrower's loan interest rate shown in the creditor's rights documents.

1. Article 2 1 1 of the Contract Law stipulates that if the loan contract between natural persons is not stipulated or clearly stipulated, it shall be regarded as not paying interest. If the loan contract between natural persons stipulates to pay interest, the loan interest rate shall not violate the relevant provisions of the state on limiting the loan interest rate. 2. The state stipulates that the loan interest rate shall not exceed four times the loan interest rate recently announced by the People's Bank of China. According to Article 6 of the Supreme People's Court's Opinions on People's Courts Handling Lending Cases, the interest rate of private lending can be appropriately higher than that of banks, and local people's courts can specifically grasp it according to the actual situation in the region, but the maximum shall not exceed four times that of similar loans of banks (including the principal interest rate), and the excess interest will not be protected. According to (Adjustment Table of RMB Loan Benchmark Interest Rate of Financial Institutions on the website of China People's Bank), the loan interest currently obtained through Qingdao Platform is not higher than twice the interest rate of similar loans of banks.

● Legality and legal basis of transferability of creditor's rights.

According to Article 88 of the Contract Law, with the consent of the other party, one party may transfer its rights and obligations in the contract to a third party.

● Are there any anti-money laundering measures for cyanobacteria?

Qingdao has introduced many outstanding talents with many years of experience in internal control audit of banks, and adhered to comprehensive risk management, and compliance management is an important part of comprehensive risk management. Focusing on "establishing compliance management system, improving compliance management system, strengthening compliance management awareness and preventing system compliance risks", we actively carried out compliance management of Lanhaisong, improved compliance management system documents, and actively carried out compliance training and monitoring.

Qingdao has an anti-money laundering internal control management system, which is managed in accordance with relevant national laws and regulations, effectively reducing operational risks.

● Does the risk warning of green dragonfly fulfill its risk warning obligation?

Green signs positively indicate that risks exist.

Qingtian will issue a risk disclosure at the beginning of providing P2P lending information consultation and service to lenders. There are also clauses in the credit consultation and service agreement signed with lenders that clearly indicate what risks lenders will have when lending funds, including policy risk, borrower credit risk, capital liquidity risk, force majeure and other risks. Lenders of Qingtian Service are aware of the above risks and only lend money after their own independent judgment.