Asia Vital Components Co. Ltd.

11/26/2021 | Press release | Distributed by Public on 11/26/2021 00:41

Announces the balance of endorsements and guarantees of the AVCCN have reached the standard of the Article 25 No.1-4 regulations.

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Provided by: Asia Vital Components Co., Ltd.
SEQ_NO 2 Date of announcement 2021/11/26 Time of announcement 14:24:35
Subject
 Announces the balance of endorsements and
guarantees of the AVCCN have reached the standard
of the Article 25 No.1-4 regulations.
Date of events 2021/11/26 To which item it meets paragraph 22
Statement
1.Date of occurrence of the event:2021/11/26
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:
No.1
A.Name of endorsed/guaranteed company:
  Asia Vital Components (Dongguan) Co. ,Ltd.
B.Relationship with the Company providing endorsements/guarantees:
  Affiliated company, 100% owned subsidiary of AVC
C.The ceiling on the endorsements/guarantees (thousand NTD): 5,562,000
D.The original amount of endorsements/guarantees (thousand NTD): 1,969,084
E.The amount of the current additional endorsements/guarantees
  (thousand NTD): 304,710
F.The amount of endorsements/guarantees as of the date of occurrence
  (thousand NTD): 2,273,794
G.The actual loaned amount of the company for whom endorsements/guarantees
   were made (thousand NTD): 1,107,429
H.The reason for the current additional endorsements/guarantees:
  AVCDG obtained a bank loan of CNY70 million, which was jointly guaranteed
  by the Group's affiliates AVCSZ, AVCCN and AVCP.
No.2
A.Name of endorsed/guaranteed company:
  AVC Precision, Co., Ltd.
B.Relationship with the Company providing endorsements/guarantees:
  Affiliated company, 100% owned subsidiary of AVC
C.The ceiling on the endorsements/guarantees (thousand NTD): 5,562,000
D.The original amount of endorsements/guarantees (thousand NTD): 920,167
E.The amount of the current additional endorsements/guarantees
  (thousand NTD): 348,240
F.The amount of endorsements/guarantees as of the date of occurrence
  (thousand NTD): 1,268,407
G.The actual loaned amount of the company for whom endorsements/guarantees
   were made (thousand NTD): 499,168
H.The reason for the current additional endorsements/guarantees:
  AVCp obtained a bank loan of CNY80 million, which was jointly guaranteed
  by the Group's affiliates AVCSZ, AVCCN and AVCDG.
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
No
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):
The Capital (thousand NTD): 1,248,245
Cumulative gains/ losses (thousand NTD): 1,327,565
5.For termination of endorsement/guarantee obligations, the condition and
the date: The company guaranteed repayment is completed or lifted endorsement
guarantee responsibility.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
23,182,604
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD): 11,003,905
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: 94.95%
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: 60.57%
10.Any other matters that need to be specified:
A.The capital of the most recent financial statements of the endorsed company
 (thousand NTD) as follow:
a. Asia Vital Components (Dongguan) Co. ,Ltd.: 514,105
b. AVC Precision, Co., Ltd.: 734,140
B. The cumulative gain or loss on the most recent financial statements of
the endorsed company (thousand NTD) as follow:
a. Asia Vital Components (Dongguan) Co. ,Ltd.: 1,246,555
b. AVC Precision, Co., Ltd.: 81,010