Voltronic Power Technology : Disclosure of intercompany loan transaction on behalf of Orchid Power (Shen Zhen) Manufacturing Company a subsidiary of Voltronic
Disclosure of intercompany loan transaction
on behalf of Orchid Power (Shen Zhen) Manufacturing
Company a subsidiary of Voltronic
Date of events
2022/08/09
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/08/09
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):
(一)Name of the company:Zhongshan Voltronic Power Electronics Limited.
Relationship to the Company:Orchid Power(Shen Zhen) Manufacturing Company
and Zhongshan Voltronic Power Electronics Limited.
are the investee company which Voltronic holds 100%
Ceiling on the loan amount:NT$1586470 thousand
Originally extended loans amount:NT$798300 thousand
Current additional loans amount:NT$598725 thousand
total extended amount of loans:NT$1397025 thousand
Reason for the current additional loans:Operating requirement@
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):
Capital:NT$739390 thousand
Accumulated profit:NT$1139183 thousand
5.Method of calculation of interest:The annual interest rate will be 3.70%
6.For repayment, the condition and the date:should be refund within one year
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NT$1397025 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:25.00%
9.Sources of funds for the company to extend monetary loans to others:
The Company
10.Any other matters that need to be specified:None
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Voltronic Power Technology Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 13:15:07 UTC.
Voltronic Power Technology Corp is a Taiwan-based company principally engaged in the manufacture and sale of uninterruptible power systems (UPSs). The Company's main products include off-line UPSs, on-line UPSs. The Company is also engaged in the design, production and manufacture of power converters (or variable converters, inverters), voltage regulators (AVR) and photovoltaic inverters. The Company distributes its products in domestic market and to overseas markets, such as the rest areas of Asia.
Voltronic Power Technology : Disclosure of intercompany loan transaction on behalf of Orchid Power (Shen Zhen) Manufacturing Company a subsidiary of Voltronic
VOLTRONIC POWER TECHNOLOGY CORP. 
