Formosa Plastics : Announcement of Board of Directors approved for the amount of loaning funds in Q4 2022, over 2% of net worth on the latest financial statements

 Announcement of Board of Directors approved for
the amount of loaning funds in Q4 2022, over
2% of net worth on the latest financial statements

1.Date of occurrence of the event:2022/08/11
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):
I
(1)Funding recipient name: Nan Ya Plastics Corp. (NPC);
(2)relationship with lender:NPC is one of the directors of FPC.;
(3)lending limit (thousand NTD):75,123,390;
(4)starting outstanding balance (thousand NTD):4,000,000;
(5)new loan (thousand NTD):4,500,000;
(6)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: Not
(7)outstanding balance (thousand NTD) up to the date
of occurrence:8,500,000
(8)reason for new loan: For working capital
II
(1)Funding recipient name: Formosa Chemicals & Fibre Corp. (FCFC);
(2)relationship with lender: FCFC is one of the directors of FPC.;
(3)lending limit (thousand NTD):75,123,390;
(4)starting outstanding balance (thousand NTD):4,000,000;
(5)new loan (thousand NTD):4,500,000;
(6)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: Not
(7)outstanding balance (thousand NTD) up to the date
of occurrence:8,500,000
(8)reason for new loan: For working capital
III
(1)Funding recipient name: Formosa Petrochemical Corp. (FPCC);
(2)relationship with lender:Investments accounted for using equity method;
(3)lending limit (thousand NTD):75,123,390;
(4)starting outstanding balance (thousand NTD):7,000,000;
(5)new loan (thousand NTD):4,500,000;
(6)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: Not
(7)outstanding balance (thousand NTD) up to the date
of occurrence:11,500,000
(8)reason for new loan: For working capital
IV
(1)Funding recipient name: Formosa Plastics Marine Corp.;
(2)relationship with lender: The indirect investee;
(3)lending limit (thousand NTD):75,123,390;
(4)starting outstanding balance (thousand NTD):2,919,320;
(5)new loan (thousand NTD):1,660,000;
(6)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: Not
(7)outstanding balance (thousand NTD) up to the date
of occurrence:4,579,320
(8)reason for new loan: For working capital
V
(1)Funding recipient name: Formosa Heavy Industries (FHI) Corp.;
(2)relationship with lender: Investments accounted for using equity method;
(3)lending limit (thousand NTD):75,123,390;
(4)starting outstanding balance (thousand NTD):5,700,000;
(5)new loan (thousand NTD):5,700,000;
(6)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: Not
(7)outstanding balance (thousand NTD) up to the date
of occurrence:11,400,000
(8)reason for new loan: For working capital
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):
the capital (thousand NTD):262,284,597
the cumulative gains (thousand NTD):224,165,618
5.Method of calculation of interest: Daily Interest
6.For repayment, the condition and the date:
The term is one year and borrowers may repay at any time.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):48,088,227
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: 12.80%
9.Sources of funds for the company to extend monetary loans to others:
Others
10.Any other matters that need to be specified:
(1)NPC
the capital (thousand NTD):79,308,216
the cumulative gains (thousand NTD):49,210,003
(2)FCFC
the capital (thousand NTD):58,611,863
the cumulative gains (thousand NTD):45,999,859
(3)FPCC
the capital (thousand NTD):95,259,597
the cumulative gains (thousand NTD):107,981,590
(4)Formosa Plastics Marine Corp.
the capital (thousand NTD):9,156,537
the cumulative gains (thousand NTD):20,811,513
(5)FHI
the capital (thousand NTD):19,948,384
the cumulative gains (thousand NTD):162,653
(6)Sources of funds to extend monetary loans to others:Self-owned funding.
(7)The amount of these loans was the credit line approved by
the Board of Directors and the loan drawdown is not made yet.