Tex Year Industries Inc., for endorsements
/guarantees/loans
Date of events
2022/03/29
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/03/29
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):
(1) Name of endorsed/guaranteed company: Tex Year Technology (Jiangsu)
Co., Ltd.
(2) Relationship with the Company providing endorsements/guarantees:
Subsidiary
(3) The ceiling on the endorsements/guarantees (thousand NTD): NT$236,252
thousand
(4) The original amount of endorsements/guarantees (thousand NTD):68,000
(5) The amount of the current additional endorsements/guarantees
(thousand NTD):NT$68,000 thousand
(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: Yes.
(7) The amount of endorsements/guarantees as of the date of occurrence (
thousand NTD): NT$136,000 thousand
(8) The reason for the current additional endorsements/guarantees:
Subsidiary working capital requirements
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):N/A
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) The capital (thousand NTD): NT$308,108 thousand
(2) Cumulative gains/losses (thousand NTD): NT$-23,088 thousand
5.Method of calculation of interest:The borrowing interest rate is not
lower than the Company's highest short-term borrowing rate plus 25 pips
(0.25%).
The interest is paid once every six months.
6.For repayment, the condition and the date:
(1) The condition: Once every six months; and the principles can be repaid by
installments.
(2) The date: 1 year.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NT$122,000 thousand
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:10.33%
9.Sources of funds for the company to extend monetary loans to others:
Parent company
10.Any other matters that need to be specified:
Announcement pursuant to Article 22, Paragraph 1, Subparagraph 3 of the
Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees
by Public Companies on behalf of Tex Year Industries Inc.
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Tex Year Industries Inc. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 11:08:02 UTC.
TEX YEAR INDUSTRIES INC. is a Taiwan-based company mainly engaged in the processing, manufacture and trading of adhesive products. The Companyâs principal products include hot melt adhesives, pressure sensitive adhesives, instant adhesives, ultraviolet rays (UV) adhesives and paints, packaging materials for solar cell modules, electronic specialty chemicals, as well as medical steam autoclaves and medical anti-infection devices. The Company is also involved in the design, assembly, maintenance and trading of automation equipment, as well as the provision of related technology transfer and after-sales services. The Company mainly operates through three business segments: Taiwan chemical engineering segment, the Mainland China business segment and others segment. The Company mainly operates its businesses in Asia, the Americas and Europe.
TEX YEAR INDUSTRIES INC. 