Formosa Chemicals & Fiber: New Loans to Affiliates Exceeding 2% of FCFC Net Worth on Latest Financial Statements

Statement

1.Date of occurrence of the event:2022/08/05
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):
A:
(1)Name:FORMOSA PETROCHEMICAL CORPORATION
(2)Relationship with lender: Investments accounted for equity method
(3)Lending limit (thousand NTD): NT$91,114,161 thousand.
(4)Starting outstanding balance (thousand NTD):NT$4,000,000 thousand.
(5)New loan (thousand NTD):NT$4,500,000 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: NO.
(7)Outstanding balance (thousand NTD) up to the date of occurrence:
NT$8,500,000 thousand.
(8)Reason for new loan (thousand NTD): Working capital financing.
B:
(1)Name:FORMOSA PLASTICS CORPORATION
(2)Relationship with lender:Juridical person director of FPG.
(3)Lending limit (thousand NTD): NT$91,114,161 thousand.
(4)Starting outstanding balance (thousand NTD):NT$4,000,000 thousand.
(5)New loan (thousand NTD):NT$4,500,000 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: NO.
(7)Outstanding balance (thousand NTD) up to the date of occurrence:
NT$8,500,000 thousand.
(8)Reason for new loan (thousand NTD): Working capital financing.
C:
(1)Name:NAN YA PLASTICS CORPORATION
(2)Relationship with lender: Juridical person director of NYPC.
(3)Lending limit (thousand NTD): NT$91,114,161 thousand.
(4)Starting outstanding balance (thousand NTD):NT$4,000,000 thousand.
(5)New loan (thousand NTD):NT$4,500,000 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: NO.
(7)Outstanding balance (thousand NTD) up to the date of occurrence:
NT$8,500,000 thousand.
(8)Reason for new loan (thousand NTD): Working capital financing.
D:
(1)Name:FORMOSA HEAVY INDUSTRIES CORPORATION
(2)Relationship with lender:Investments accounted for equity method
(3)Lending limit (thousand NTD): NT$72,891,329  thousand.
(4)Starting outstanding balance (thousand NTD):NT$5,700,000 thousand.
(5)New loan (thousand NTD):NT$5,700,000 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: NO.
(7)Outstanding balance (thousand NTD) up to the date of occurrence:
NT$11,400,000 thousand.
(8)Reason for new loan (thousand NTD): Working capital financing.
E:
(1)Name:FORMOSA PLASTICS MARINE CORPORATION
(2)Relationship with lender: Indirect investment.
(3)Lending limit (thousand NTD): NT$72,891,329  thousand.
(4)Starting outstanding balance (thousand NTD):NT$2,781,127 thousand.
(5)New loan (thousand NTD):NT$100,000 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: NO.
(7)Outstanding balance (thousand NTD) up to the date of occurrence:
NT$2,881,127 thousand.
(8)Reason for new loan (thousand NTD): Working capital financing.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):No
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) Capital (thousand NTD): NT$267,330,142 thousand.
(2) Cumulative gains/loss es (thousand NTD):NT$361,568,670 thousand.
5.Method of calculation of interest:Interest counted on a daily basis
6.For repayment, the condition and the date:
Anytime within a year.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):40,881,127
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:11.22
9.Sources of funds for the company to extend monetary loans to others:
 Self owned funds.
10.Any other matters that need to be specified:
(1)The loaning funds are sourcing from the Company's self-owned funds.
The loanable amount has been resolved by the board meeting but hasn't been
loaned out yet.
(2)Capital (thousand NTD): NT$267,330,142 thousand.
(1)FPCC:95,259,597
(2)FPC:63,657,408
(3)NYPC:79,308,216
(4)FHI:19,948,384
(5)FPMC:9,156,537
(3)Cumulative gains/loss es (thousand NTD):NT$361,568,670 thousand.
(1)FPCC:107,981,590
(2)FPC:123,700,286
(3)NYPC:108,912,628
(4)FHI:162,653
(5)FPMC:20,811,513

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