Global Lighting Technologies : Announcement according to Article 22.1.2 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies
Announcement according to Article 22.1.2
of Regulations Governing Loaning of Funds and Making
of Endorsements/Guarantees by Public Companies
Date of events
2022/06/29
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/06/29
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):
Funding recipient name:GLT OPTICAL INC.
Relationship with lender:The creditor, Solid State Opto Limited
is Global Lighting Technologies Inc.(Cayman) subsidiaries.
Lending limit:NTD 588,889 thousand,
Starting outstanding balance:NTD 58,090 thousand,
New loan:NTD 81,326 thousand,
Whether or not the board of directors authorize the chairperson to give
loans for the borrowing counterparty: No
Outstanding balance up to the date of occurrence:NTD 139,416 thousand,
Reason for new loan: Working capital
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):No
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
Capital of the loan recipient: NTD 700,894 thousand
Accumulated profit/loss of the loan recipient:-NTD 462,115 thousand
5.Method of calculation of interest:No
6.For repayment, the condition and the date:According to the loan agreement
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NTD 912,702 thousand
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:11.44%
9.Sources of funds for the company to extend monetary loans to others:
Subsidiaries themselves
10.Any other matters that need to be specified:NA
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Global Lighting Technologies Inc. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 06:16:32 UTC.
Global Lighting Technologies Inc. is a Cayman Islands-based company engaged in advanced light guide development. The Company discovers and designs through prototyping and manufactures virtually any custom light guide application. The Company offers illuminated decorative overlays, backlights for graphics and logos, light-emitting diode (LED)-based lighting for keyboard and keypad applications, liquid-crystal display backlights, light guides for egress and exit signs, and backlight panels for user interface applications. Its flexible design options can be used to backlight a back printed custom overlay, a dead front overlay, an in-mold overlay commonly found on handles or raised buttons, or an etched overlay as used on metal surfaces covered with paint. Its backlights and light guides provide LED assemblies that allow independent control of individual zones, such as each LEDâs color and intensity. The Company has more than a million square feet of production space.
Global Lighting Technologies : Announcement according to Article 22.1.2 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies