Today's Information |
Provided by: Tung Ho Steel Enterprise Corp. | |||||
SEQ_NO | 3 | Date of announcement | 2022/08/04 | Time of announcement | 18:25:28 |
Subject | The event which we shall announce according to the Article 25 of Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies. | ||||
Date of events | 2022/08/04 | To which item it meets | paragraph 22 | ||
Statement | 1.Date of occurrence of the event:2022/08/04 2.The public company whose balance of endorsements/guarantees reaches 50 percent or more of its net worth on the latest financial statements.Please specify name of endorsed/guaranteed company, relationship, reason for endorsements/guarantees up to the date of occurrence, ceiling on endorsement/guarantee (thousand NTD), starting balance of endorsement/guarantee (thousand NTD), balance of endorsements/guarantees up to the date of occurrence, amount accessed by endorsed company (thousand NTD), new endorsement/guarantee (thousand NTD) and the reason for new endorsement/guarantee: A. First (1)The company name:Tung Ho Steel Vietnam Corp.,Ltd. (2)It's relationship with the Company:Our subsidiary of 100% direct investment. (3)The reason for endorsements/guarantees up to the date of occurrence: Bank financing line guarantees (4)The ceiling on the endorsements/guarantees(thousand NTD): NT$13,106,665 (5)Starting balance of endorsements/guarantees (thousand NTD): NT$0 (6) Balance of endorsements/guarantees up to the date of occurrence (thousand NTD):NT$13,458,030 (7)Amount accessed by endorsed company (thousand NTD):NT$5,635,031 (8)New endorsements/guarantees (thousand NTD):NT$13,458,030 (9)Reason for new endorsements/guarantees: A.The bank loan contracts need to be renewed. B.In order to take the operations into account, increase financing line. B.Second (1)The company name:Fujian Tung Kang Steel Co.,Ltd. (2)It's relationship with the Company:Our subsidiary of 100% indirect investment by Tung Ho Steel Enterprise Corp. (3)The reason for endorsements/guarantees up to the date of occurrence: Bank financing line guarantees (4)The ceiling on the endorsements/guarantees(thousand NTD): NT$13,106,665 (5)Starting balance of endorsements/guarantees (thousand NTD): NT$532,846 (6)Balance of endorsements/guarantees up to the date of occurrence (thousand NTD):NT$532,846 (7)Amount accessed by endorsed company (thousand NTD):NT$150,503 (8)New endorsements/guarantees (thousand NTD):NT$0 (9)Reason for new endorsements/guarantees:None. C.Third (1)The company name:FUJIAN SINO-JAPAN METAL CORP. (2)It's relationship with the Company:Ultimate parent entity (3)The reason for endorsements/guarantees up to the date of occurrence: Bank financing line guarantees (4)The ceiling on the endorsements/guarantees(thousand NTD): NT$13,106,665 (5)Starting balance of endorsements/guarantees (thousand NTD): NT$157,185 (6)Balance of endorsements/guarantees up to the date of occurrence (thousand NTD):NT$157,185 (7)Amount accessed by endorsed company (thousand NTD):NT$157,185 (8)New endorsements/guarantees (thousand NTD):NT$0 (9)Reason for new endorsements/guarantees:None. 3.The total amount of the ceiling on endorsements/guarantees (thousand NTD): NT$13,106,665 4.The total amount of endorsements/guarantees as of the date of occurrence (thousand NTD):NT$14,148,061 5.As of the date of occurrence, the amount of endorsements/guarantees as a percentage of the public company's net worth on the latest financial statements:53.97% 6.Any other matters that need to be specified: (1)The bank loan contracts of Tung Ho Steel Vietnam Corp.,Ltd. need to be renewed, and these cases were approved by our board of directors. Due to adopting the earlier time to make the announcement, therefore, the time of endorsements/guarantees were overlapped, In fact no more than 50% of net assets. (2)The exchange rate of USD was 29.94 from the end of July.2022. (3)The exchange rate of CNY was 4.447 from the end of July.2022. |
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Tung Ho Steel Enterprise Corp. published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 10:41:12 UTC.