1. Date of occurrence of the event: 2026/05/04 2. Recipient of funds loan: (1) Company name: China General Polymer Corporation (2) Relationship with the company lending funds to others: A 100% directly-held subsidiary of our company (3) Limit of funds loan (in thousands of NTD): 3,055,809 (4) Original balance of funds loan (in thousands of NTD): 0 (5) Amount of new funds loan this time (in thousands of NTD): 1,000,000 (6) Whether this funds loan is authorized by the Board of Directors for the Chairman to make multiple disbursements or revolving use to the same counterparty: Yes (7) Balance of funds loan up to the date of occurrence (in thousands of NTD): 1,000,000 (8) Reason for this new funds loan: Short-term funding needs.
(1) Company name: Taiwan VCM Corporation (2) Relationship with the company lending funds to others: An 87.31% directly-held subsidiary of our company (3) Limit of funds loan (in thousands of NTD): 3,055,809 (4) Original balance of funds loan (in thousands of NTD): 0 (5) Amount of new funds loan this time (in thousands of NTD): 500,000 (6) Whether this funds loan is authorized by the Board of Directors for the Chairman to make multiple disbursements or revolving use to the same counterparty: Yes (7) Balance of funds loan up to the date of occurrence (in thousands of NTD): 500,000 (8) Reason for this new funds loan: Short-term funding needs.
3. Collateral provided by the company receiving funds loan: (1) Content: None. (2) Value (in thousands of NTD): 0 4. Most recent financial statements of the company receiving funds loan: (1) Capital (in thousands of NTD): 3,699,512 (2) Accumulated earnings/losses (in thousands of NTD): 386,852 5. Interest calculation method: Interest is calculated at an annual rate of 2%, and shall not be lower than the highest short-term borrowing rate from financial institutions by our company. 6. Repayment: (1) Conditions: Principal and interest to be paid in one lump sum at maturity, or early repayment is allowed. (2) Date: 2027/05/14 7. Balance of funds loan up to the date of occurrence (in thousands of NTD): 1,500,000 8. Ratio of funds loan balance to the net worth of the public company's most recent financial statements up to the date of occurrence: 19.63 9. Source of the company's funds loaned to others: Financial institutions, parent company 10. Other matters to be specified: (1) Capital (in thousands of NTD) from the most recent financial statements of the companies receiving funds loan: China General Polymer Corporation: 725,087 Taiwan VCM Corporation: 2,974,425 (2) Accumulated earnings/losses (in thousands of NTD) from the most recent financial statements of the companies receiving funds loan: China General Polymer Corporation: -81,882 Taiwan VCM Corporation: 468,734 (3) The original NT$500 million funds loan limit for China General Polymer Corporation will expire on 2026/05/15. The new limit added this time is for the extension of the expiring original limit. (4) China General Polymer Corporation: Article 22, Paragraph 1, Subparagraph 2 Taiwan VCM Corporation: Article 22, Paragraph 1, Subparagraph 3
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- Source: PR Times
- Category: News