Cheng Shin Rubber Ind : Announcement that the company's newly added endorsement guarantee amount reaches the provisions of paragraph 4, paragraph 1, Article 25 of the handling standards.
Announcement that the company's newly added endorsement
guarantee amount reaches the provisions of paragraph 4,
paragraph 1, Article 25 of the handling standards.
Date of events
2022/08/10
To which item it meets
paragraph 22
Statement
1.Date of occurrence of the event:2022/08/10
2.For the company for whom the endorsements/guarantees were made, please
specify name of endorsed/guaranteed company, its relationship with
the Company providing endorsements/guarantees, the ceiling on the
endorsements/guarantees (thousand NTD), the original amount of
endorsements/guarantees (thousand NTD), the amount of the current additional
endorsements/guarantees (thousand NTD), the amount of
endorsements/guarantees as of the date of occurrence (thousand NTD), the
actual loaned amount of the company for whom endorsements/guarantees were
made (thousand NTD), and the reason for the current additional
endorsements/guarantees:
(1) Company Name: Maxxis Rubber India Private Limited
(2) The relationship with the company providing the endorsement guarantee:
99.99919% owned subsidiary of the company
(3) Limit of endorsement guarantee (thousand yuan): 42,374,089
(4) The balance of the original endorsement guarantee (thousand yuan):
8,688,292
(5) The amount of the new endorsement guarantee (thousand yuan): 1,591,475
(6) Endorsement guarantee balance as of the date of the fact
(thousand yuan): 10,279,767
(7) The actual amount of the company's moving expenses (thousand yuan):
5,878,525
(8) Reasons for this new endorsement guarantee:
In response to the subsidiary's working capital needs, the Company intends
to apply to the bank for a financing quota, and the Company endorses
and guarantees it.
(1) Company name: PT. MAXXIS International Indonesia
(2) The relationship with the company providing the endorsement guarantee:
A subsidiary of the company holding 99.99625% of the shares
(3) Limit of endorsement guarantee (thousand yuan): 42,374,089
(4) The balance of the original endorsement guarantee (thousand yuan):
13,074,798
(5) The amount of the new endorsement guarantee (thousand yuan): 898,200
(6) Endorsement guarantee balance as of the date of the fact
(thousand yuan): 13,972,998
(7) The actual amount of the company's moving expenses (thousand yuan):
8,923,118
(8) Reasons for this new endorsement guarantee:
In response to the subsidiary's working capital needs, the Company
intends to apply to the bank for a financing quota, and the Company
endorses and guarantees it.
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
0
4.For the latest financial statements of the company for whom the
endorsements/guarantees were made, the Capital (thousand NTD) and Cumulative
gains/losses (thousand NTD):
(1)capital:32,414,155
(2)Cumulative gains/losses:54,657,312
5.For termination of endorsement/guarantee obligations, the condition and
the date:
According to contract specifications and contract expiry date.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
59,323,725
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):
24,252,765
8.The amount of endorsements/guarantees as a percentage of the
public company's net worth on the latest financial report as of the date of
occurrence:28.62%
9.The aggregate amount of equity method investments,
endorsements/guarantees, and monetary loans extended to others as a
percentage of the public company's net worth on the latest financial
statements:29.88%
10.Any other matters that need to be specified:NA.
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CST – Cheng Shin Rubber Ind. Co. Ltd. published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 09:56:08 UTC.
Cheng Shin Rubber Ind. Co Ltd is a Taiwan-based company mainly engaged in the manufacture and sale of tires. The main products include radial automobile cover tires, radial truck cover tires, motorcycle cover tires, bike cover tires, inner tubes and other tires. The Company is also involved in the manufacture and sale of rubber and tire-related industrial products. The Company operates within the domestic market and to overseas markets, including the Americas, Europe, the Middle East, Africa, Asia, Australia and others.
Cheng Shin Rubber Ind : Announcement that the company's newly added endorsement guarantee amount reaches the provisions of paragraph 4, paragraph 1, Article 25 of the handling standards.
CHENG SHIN RUBBER IND. CO., LTD. 
