Getac Technology Corporation

08/02/2022 | Press release | Distributed by Public on 08/02/2022 01:07

Announce for HLT's new loan to GTK reaching 2% of GTH's net book value and group’s overall loan to GTK reaching 10% of GTH's net book value

Close
Today's Information

Provided by: Getac Holdings Corporation
SEQ_NO 1 Date of announcement 2022/08/02 Time of announcement 15:05:29
Subject
 Announce for HLT's new loan to GTK reaching 2% of
GTH's net book value and group's overall loan to GTK
reaching 10% of GTH's net book value
Date of events 2022/08/02 To which item it meets paragraph 23
Statement
1.Date of occurrence of the event:2022/08/02
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)Funding recipient name:
   Getac Technology (Kunshan) Co., Ltd. (GTK)
(2)relationship with lender:
   Hot Link Technology Ltd.(HLT) and GTK are 100% indirectly
   owned subsidiary of parent company(GTH).
(3)lending limit : NTD20,343,246K
(4)starting outstanding balance: NTD449,700K
(5)new loan : NTD599,600K
(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)outstanding balance up to the date of occurrence: NTD1,049,300K
(8)reason for new loan:
   Support of its operating activities.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None.
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
  Capital:NTD363,786K
  Cumulative gains/losses: NTD1,334,777K
5.Method of calculation of interest:No interest
6.For repayment, the condition and the date:
 Repayment schedule depends on the availability of funds.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NTD11,507,119K
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:67.00%
9.Sources of funds for the company to extend monetary loans to others:
The subsidiary itself.
10.Any other matters that need to be specified:None.