To announce the endorsements/guarantees for
subsidiary World Gate Holdings Ltd.
approved by the board of directors
Date of events
2022/08/05
To which item it meets
paragraph 22
Statement
1.Date of occurrence of the event:2022/08/05
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)Name:World Gate Holdings Ltd.
(2)Relationship:100% owned subsidiary
(3)The ceiling:22,384,748 thousand NTD
(4)The original amount:179,964 thousand NTD
(5)The amount of the current additional:299,940 thousand NTD
(6)the amount as of the date of occurrence:479,904 thousand NTD
(7)the actual loaned amount:0 NTD
(8)The reason:For the subsidiary's banking financing lines.
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
(1)Content:None
(2)Value: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:349,750 thousand NTD
(2)Cumulative gains/losses:4,944,453 thousand NTD
5.For termination of endorsement/guarantee obligations, the condition and
the date:As the contract.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
22,384,748
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):3,359,364
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:37.52%
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:59.21%
10.Any other matters that need to be specified:
The maximum of endorsement guarantee to a single entity is capped at 120%
of the Company's net value; 100% directly and indirectly owned subsidiaries
are not subject to such limitation, however the maximum amount of guarantee
shall not exceed 250% of the Company's net value.
The total guarantee provided externally is limited to 250% of the Company's
net value; the total accumulated external guarantee the Company and
subsidiaries provided shall not exceed 250% of the Company's net value.
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FuSheng Precision Co. Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 10:11:06 UTC.
Fusheng Precision Co., Ltd. is mainly engaged in the manufacture of consumer goods of worldâs major brands. The Company is mainly engaged in the manufacture, processing, assembly and sale of various metal products, such as golf club heads and the assembly and trading of golf equipment, such as poles, grips and heads. The Company produces and distributes golf club heads through original equipment manufacturers (OEMs) and original design manufacturers (ODMs). The company's products are mainly exported to United States, Japan and other regions.
FUSHENG PRECISION CO., LTD. 
