Formosa Sumco Technology : Announement of Board of Directors approved for the amount of loaning funds to FPC in June 2022, reaching 3.33% of net worth on the latest financial statements
Announement of Board of Directors approved for
the amount of loaning funds to FPC in June 2022, reaching
3.33% of net worth on the latest financial statements
Date of events
2022/03/04
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/03/04
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
(1)Name of the company who receive the monetary loans:
Formosa Plastics Corporation (FPC);
(2)relationship to the Company who extend the loans:
The chairman of FST is the chairman of FPC;
(3)ceiling amount on the monetary loans extended:
NTD 5,213,189(thousand);
(4)amount of loans originally extended:
NTD 0(thousand);
(5)amount of the current additional loans:
NTD 694,250(thousand);
(6)whether or not the board of directors authorize the chairperson to
give loans for the borrowing counterparty:Not
(7)total extended amount of loans:
NTD 694,250(thousand);
(8)the reason for loans as of the date of occurrence of the event:
For operation
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):63,657,408
5.Method of calculation of interest:Daily Interest
6.For repayment, the condition and the date:The term is one year and
FPC Corp. may repay at any time.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):1,437,250
8.The total amount of monetary loans extended to others as a percentage of
the public company's net worth on the latest financial statements as of the
date of occurrence:6.9
9.Sources of funds for the company to extend monetary loans to others:Others
10.Any other matters that need to be specified:
(1)Sources of funds to extend monetary loans to others:Self-owned funding;
(2)The amount of this loan was the credit line approved by
the Board of Directors and the loan drawdown is not made yet.
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Formosa Sumco Technology Corporation published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 07:55:08 UTC.
Formosa Sumco Technology Corp is a Taiwan-based company principally engaged in the manufacture and distribution of silicon wafer products. The main products include eight-inch silicon wafers and twelve-inch silicon wafers. The silicon wafer products are applied in the manufacture of semiconductor products such as integrated circuits (ICs) and dynamic random access memory (DRAM) products. The Company is also engaged in the import and export of silicon wafers and related materials. The Company operates within the domestic market and to overseas markets, including Asia and the Americas.
Formosa Sumco Technology : Announement of Board of Directors approved for the amount of loaning funds to FPC in June 2022, reaching 3.33% of net worth on the latest financial statements
FORMOSA SUMCO TECHNOLOGY CORPORATION 
