Wisdom Marine Lines Co. Limited

01/14/2022 | Press release | Distributed by Public on 01/14/2022 03:07

Announcement on behalf of Wisdom Marine Lines S.A. for Intercompany Loan

Close
Today's Information

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO 5 Date of announcement 2022/01/14 Time of announcement 17:03:33
Subject
 Announcement on behalf of
Wisdom Marine Lines S.A. for Intercompany Loan
Date of events 2022/01/14 To which item it meets paragraph 23
Statement
1.Date of occurrence of the event:2022/01/14
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: Wisdom Marine Lines Co., Limited
(2) relationship with lender: Ultimate parent company
(3) lending limit (thousand NTD): 82,609,375
(4) starting outstanding balance (thousand NTD): 35,740,068
(5) new loan (thousand NTD): 1,243,800
(6) board of directors authorization: Yes
(7) outstanding balance (thousand NTD): 36,983,868
(8) reason for new loan (thousand NTD): Operational Capital
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD): Nil
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): 7,464,092
(2) the cumulative gains/losses(thousand NTD):15,638,577
5.Method of calculation of interest: 3% per annum
6.For repayment, the condition and the date:
1 year, 2023/1/13
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD): 36,983,868
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: 117.65%
9.Sources of funds for the company to extend monetary loans to others:
The company itself.
10.Any other matters that need to be specified:
Wisdom Marine Lines S.A. provides funds to
its ultimate parent company for Operational.
The financial, business and major decisions of each affiliated company
are made directly by the ultimately parent company.
And regularly report the financial status to the BOD, so its substance is
different from the lending of funds to others in other industries.