Today's Information

Provided by: HOTAI MOTOR CO.,LTD.
SEQ_NO 3 Date of announcement 2022/08/11 Time of announcement 16:52:34
Subject
 Announcement according to the Article 25 section 1
paragraph 4 of Regulations Governing Loaning of Funds and
Making of Endorsements/Guarantees by Public Companies.
Date of events 2022/08/11 To which item it meets paragraph 22
Statement
1.Date of occurrence of the event:2022/08/11
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:
 I.
 (1) Company: Hotai Insurance Co., Ltd.
 (2) Relationship with the Company: A 99.8%-owned subsidiary of
     Ho Tai Motor Co., Ltd..
 (3) The ceiling on the endorsements/guarantees (thousand NTD):
     $19,519,978
 (4) The original amount of endorsements/guarantees (thousand NTD):$0
 (5) The amount of the current additional endorsements/guarantees
     (thousand NTD):$5,000,000
 (6)The amount of endorsements/guarantees as of the date of occurrence of
    the event (thousand NTD) :$5,000,000
 (7)The actual loaned amount of the company who was made the endorsements/
    guarantees (thousand NTD):$0
 (8)The reason for the current additional endorsements/guarantees:
    To assist Hotai Insurance Co., Ltd. to acquire the short-term funding.
II.
 (1) Company: Hotai Auto Body Sales Co., Ltd.
 (2) Relationship with the Company: A wholly-owned subsidiary of
     Ho Tai Motor Co., Ltd..
 (3) The ceiling on the endorsements/guarantees (thousand NTD):
     $19,519,978
 (4) The original amount of endorsements/guarantees (thousand NTD):$0
 (5) The amount of the current additional endorsements/guarantees
     (thousand NTD):$400,000
 (6)The amount of endorsements/guarantees as of the date of occurrence of
    the event (thousand NTD):$400,000
 (7)The actual loaned amount of the company who was made the endorsements/
    guarantees (thousand NTD):$0
 (8)The reason for the current additional endorsements/guarantees:
    To assist Hotai Auto Body Sales Co., Ltd. to acquire the
    short-term funding.
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
 N/A
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 from the most recent financial statements of the company
     be loaned to (thousand NTD): $2,040,000
 (2) Accumulated gain or loss amounts from the most recent financial
     statements of the company be loaned to (thousand NTD): $1,412,611
5.For termination of endorsement/guarantee obligations, the condition and
the date:
 (1) Condition: Depends on the termination of the bank credit facilities.
 (2) Date: The expiration date of the contract.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
 $32,533,297
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):$16,624,382
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:25.55%
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:14.18%
10.Any other matters that need to be specified:
 (1) Hotai Insurance Co., Ltd.
     Capital (thousand NTD): $2,000,000
     Cumulative gains/losses (thousand NTD):$1,415,121
 (2) Hotai Auto Body Sales Co., Ltd.
     Capital (thousand NTD): $40,000
     Cumulative gains/losses (thousand NTD):-$2,510

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Hotai Motor Co. Ltd. published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 09:00:05 UTC.