Jinan Acetate Chemical : Announcement pursuant to Paragraph Article 25 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by public companies
Announcement pursuant to Paragraph Article
25 of Regulations Governing Loaning of Funds and
Making of Endorsements/Guarantees by public companies
Date of events
2022/08/01
To which item it meets
paragraph 22
Statement
1.Date of occurrence of the event:2022/08/01
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 of the spun-off company: Jinan Acetate Chemical Co., LTD.
(2)Its relationship with the Company providing endorsements/guarantees:
The parent company that indirectly holds 100% equity of the company
(3) The ceiling on the endorsements/guarantees (thousand NTD):534,101
(4) The original amount of endorsements/guarantees(thousand NTD):0
(5) The amount of the current additional endorsements/guarantees (thousand
NTD):300,000
(6) The amount of endorsements/guarantees as of the dateof occurrence
(thousand NTD):300,000
(7) The actual loaned amount of the company for whom endorsements/guarantees
were made (thousand NTD):0
(8) The reason for the current additionalendorsements/guarantees:
Jinan Acetate Chemical Co., LTD.
Financing contract expires and renews
with endorsements/guarantees to be provided by
Jinan Acetate Chemical Co., LTD.(China)
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 (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 (thousand NTD):580,626
(2) Cumulative gains/losses (thousand NTD):881,403
5.For termination of endorsement/guarantee obligations, the condition and
the date:
(1) Condition: Maturity date for contracts with the banks
(2) Date: Maturity date for contracts with the banks
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
4,949,410
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):922,410
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:43.82
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:52.96
10.Any other matters that need to be specified:
USD/NTD:1:30
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Jinan Acetate Chemical Co. Ltd. published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 10:34:00 UTC.
Jinan Acetate Chemical Co., LTD. is an acetate tow manufacturer. The Company and its subsidiaries are principally engaged in research and development, manufacturing and sale of acetate tow. The Company's main product is cellulose acetate tow, which is applied in filters, reverse osmosis films, hollow fibers, acetate fibers for textile, and other fileds.
Jinan Acetate Chemical : Announcement pursuant to Paragraph Article 25 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by public companies
JINAN ACETATE CHEMICAL CO., LTD. 
