Fortune Electric : Announcement on behalf of subsidiary according to article 22 sec.4 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees
Announcement on behalf of subsidiary according to
article 22 sec.4 of Regulations Governing Loaning of
Funds and Making of Endorsements/Guarantees
Date of events
2022/03/23
To which item it meets
paragraph 22
Statement
1.Date of occurrence of the event:2022/03/23
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:
A. Funding recipient name:Fortune Electric Extra High Voltage Co., Ltd.
(1)Relationship with lender:
Lender:Fortune Electric Co., Ltd.
Relationship with the lender: 100% directly owned subsidiary of the
lender.
(2)Lending limit:NT$ 1654427 thousand
(3)Starting outstanding balance:NT$ 900000 thousand
(4)New loan:NT$ 550000 thousand
(5)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:Yes
(6)Outstanding balance up to the date of occurrence:NT$ 695661
thousand
(7)Reason for new loan:For repayment of loan and operational needs
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: NT$ 1412000 thousand
(2)Accumulated profit/loss: Accumulated loss NT$ 956766 thousand
5.For termination of endorsement/guarantee obligations, the condition and
the date:
(1) Condition: Repayment of loans
(2) Date: Maturity date for contracts with the banks
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
1985312 thousand
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):1639380 thousand
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:49.55%
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:73.07%
10.Any other matters that need to be specified:NONE
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Fortune Electric Co. Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 11:16:06 UTC.
FORTUNE ELECTRIC CO., LTD is a Taiwan-based company principally engaged in the manufacture and distribution of transformers. The Company provides transformers, distribution boards, power distribution equipment and other electrical products. The Company's products are applied in electric power distribution and transmission. The Company is also engaged in the provision of electron mechanical project contracting services, as well as the sales of electricity through renewable energy. The Company distributes its products in domestic market and to overseas markets.
Fortune Electric : Announcement on behalf of subsidiary according to article 22 sec.4 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees