【FCFC】Announcement of the Company's Board of Directors Approving New Capital Loans Exceeding 2% of Net Value

1. Date of occurrence of the event: 115/05/08
2. Recipient of capital loan:
(1) Company name: Formosa Plastics Corporation
(2) Relationship with the company providing the capital loan: The company is a corporate director of the said company.
(3) Capital loan limit (in thousands of TWD): 93,409,859
(4) Original capital loan balance (in thousands of TWD): 3,000,000
(5) Amount of this new capital loan (in thousands of TWD): 4,500,000
(6) Whether it is a capital loan authorized by the board of directors for the chairman to disburse in installments or as a revolving facility to the same borrower: No
(7) Capital loan balance as of the date of occurrence (in thousands of TWD): 7,500,000
(8) Reason for this new capital loan: Operational turnover
(1) Company name: Nan Ya Plastics Corporation
(2) Relationship with the company providing the capital loan: The company is a corporate director of the said company.
(3) Capital loan limit (in thousands of TWD): 93,409,859
(4) Original capital loan balance (in thousands of TWD): 3,000,000
(5) Amount of this new capital loan (in thousands of TWD): 4,500,000
(6) Whether it is a capital loan authorized by the board of directors for the chairman to disburse in installments or as a revolving facility to the same borrower: No
(7) Capital loan balance as of the date of occurrence (in thousands of TWD): 7,500,000
(8) Reason for this new capital loan: Operational turnover
(1) Company name: Formosa Petrochemical Corporation
(2) Relationship with the company providing the capital loan: Investee company accounted for using the equity method.
(3) Capital loan limit (in thousands of TWD): 93,409,859
(4) Original capital loan balance (in thousands of TWD): 3,000,000
(5) Amount of this new capital loan (in thousands of TWD): 4,500,000
(6) Whether it is a capital loan authorized by the board of directors for the chairman to disburse in installments or as a revolving facility to the same borrower: No
(7) Capital loan balance as of the date of occurrence (in thousands of TWD): 7,500,000
(8) Reason for this new capital loan: Operational turnover
(1) Company name: Formosa Heavy Industries Corporation
(2) Relationship with the company providing the capital loan: Investee company accounted for using the equity method.
(3) Capital loan limit (in thousands of TWD): 74,727,887
(4) Original capital loan balance (in thousands of TWD): 4,316,600
(5) Amount of this new capital loan (in thousands of TWD): 5,700,000
(6) Whether it is a capital loan authorized by the board of directors for the chairman to disburse in installments or as a revolving facility to the same borrower: No
(7) Capital loan balance as of the date of occurrence (in thousands of TWD): 10,016,600
(8) Reason for this new capital loan: Operational turnover
(1) Company name: Formosa Construction Corporation
(2) Relationship with the company providing the capital loan: Investee company accounted for using the equity method.
(3) Capital loan limit (in thousands of TWD): 74,727,887
(4) Original capital loan balance (in thousands of TWD): 100,000
(5) Amount of this new capital loan (in thousands of TWD): 150,000
(6) Whether it is a capital loan authorized by the board of directors for the chairman to disburse in installments or as a revolving facility to the same borrower: No
(7) Capital loan balance as of the date of occurrence (in thousands of TWD): 250,000
(8) Reason for this new capital loan: Operational turnover
3. Collateral provided by the company receiving the capital loan:
(1) Content: None
(2) Value (in thousands of TWD): 0
4. Most recent financial statements of the company receiving the capital loan:
(1) Capital (in thousands of TWD): 261,619,993
(2) Accumulated profit/loss (in thousands of TWD): 145,553,690
5. Interest calculation method: Calculated daily
6. Repayment:
(1) Conditions: 1-year loan term, borrower may repay at any time.
(2) Date: Undetermined
7. Capital loan balance as of the date of occurrence (in thousands of TWD): 33,866,600
8. Ratio of capital loan balance to net value of public company's most recent financial statements as of the date of occurrence: 9.06%
9. Source of the company's loans to others: Other
10. Other matters that need to be specified:
1. The source of funds lent to others is the company's own funds. This capital loan only represents the amount approved by the board for lending, and has not yet been disbursed.
2. Capital (in thousands of TWD) from the most recent financial statements of companies receiving capital loans:
(1) Formosa Plastics: 63,657,408 (2) Nan Ya: 79,308,216 (3) FPCC: 95,259,597
(4) Formosa Heavy Industries: 20,094,772 (5) Formosa Construction: 3,300,000
3. Accumulated profit/loss (in thousands of TWD) from the most recent financial statements of companies receiving capital loans:
(1) Formosa Plastics: 30,085,826 (2) Nan Ya: 19,751,958 (3) FPCC: 103,061,989
(4) Formosa Heavy Industries: -7,231,334 (5) Formosa Construction: -114,749
Keywords: Material Information