Ablerex Electronics: New Subsidiary Loans Exceeding 2% of Company Net Worth at Latest Financial Statements







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Provided by: ABLEREX ELECTRONICS CO., LTD.

SEQ_NO

3

announcement date

2022/08/08

Announcement time

17:55:52

Matter

 New loans extended to subsidiaries exceeding 2% of
the Company's net worth on the latest financial
statements

Date of events

2022/08/08

What item it responds to

paragraph 23

Statement

1.Date of occurrence of the event:2022/08/08
2.Funding recipient (1)Name(2)Relationship with lender
(3)Lending limit (thousand NTD)(4)Starting outstanding
balance (thousand NTD)(5)New loan (thousand NTD)(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(7)Outstanding
balance (thousand NTD) up to the date of occurrence
(8)Reason for new loan (thousand NTD):
 (1) Name :Ablerex Latam Corporation
 (2) Relationship with lender:Indirect subsidiary of the Company
 (3) Lending limit (thousand NTD):146,549
 (4) Starting outstanding balance (thousand NTD):41,831
 (5) New loan (thousand NTD):45,008
 (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 (thousand NTD) up to the date of occurrence:86,839
 (8) Reason for new loan: Replenish working capital
3.For collaterals provided by the loan recipient, the
(1)Content(2)Value (thousand NTD):Nill
4.For the latest financial reports of the loan recipient, the
(1)Capital (thousand NTD)(2)Cumulative gains/losses
(thousand NTD):
 (1) Capital (thousand NTD):15,003
 (2) Cumulative gains/losses(thousand NTD):-8,151
5.Method of calculation of interest:
 The interest will calculate at a fixed rate and the rate should be not
 lower than the Company's financing cost.
6.For repayment, the(1)Condition(2)Date:
 (1) Condition:The expiration of the revolving limit is 2023/8/7, and the
     loan term is one year beginning from the day the Loan is issued.
 (2) Date:The principal should be repaid in full on the due date
7.The amount of monetary loans extended to others as
of the date of occurrence (thousand NTD):253,912
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:17.33%
9.Sources of funds for the company to extend monetary
loans to others:Self funding.
10.Any other matters that need to be specified:None.

Disclaimer

Ablerex Electronics Co. Ltd. published this content on August 08, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Aug 08, 2022 10:13:26 AM UTC.

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Sales 2021 2,985 million

Net income 2021 72.2 million

Net debt 2021 502M

PER 2021 ratio 24.6x
2021 performance 3.18%
Capitalization 1,829 million
60.9 million
EV / Sales 2020 0.83x
EV / Sales 2021 0.76x
# of employees
Floating 33.3%

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