Hwa Fong Rubber Ind: The amount of new loans financed by the company reaches NT$10 million and is more than 2% of the net worth shown in the latest financial report.







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Provided by: HWA FONG RUBBER IND. CO., LTD.

SEQ_NO

1

announcement date

2022/02/25

Announcement time

11:42:48

Topic

 The amount of new loans funded by the Company
reaches NT$10 million and is higher than 2% of the net
worth stated in the latest financial report.

Date of events

2022/02/25

What item it responds to

paragraph 23

Declaration

1.Date of occurrence of the event:2022/02/25
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:HWA FONG RUBBER (CHINA) CO., LTD
(2)Relationship with lender:The Company's subsidiary
(3)Lending limit (thousand NTD):4,704,510
(4)Starting outstanding balance (thousand NTD):146,439
(5)New loan (thousand NTD):82,890
(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:229,329
(8)Reason for new loan (thousand NTD):Extension of original contract.
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):
(1)Capital(thousand NTD):1,621,790
(2)Cumulative gains/losses(thousand NTD):-1,930,655
5.Method of calculation of interest:Interest calculated semi-annually.
6.For repayment, the condition and the date:
(1)Condition:Pay off debts.
(2)Date:In accordance with the contract.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):1,086,066
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:36.34
9.Sources of funds for the company to extend monetary loans to others:Others.
10.Any other matters that need to be specified:None.

Warning

HWA FONG Rubber Ind. Co.Ltd. published this content on February 25, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on February 25, 2022 03:51:00 UTC.

Public now 2022

All news about HWA FONG RUBBER IND. CO., LTD.

Sale 2020 4,883M
173M
173M
Net result 2020 372 million
13.2 million
13.2 million
Net debt 2020 574M
20.4 million
20.4 million
2020 PER ratio 11.8x
2020 performance
Capitalization 4,372 million
155 million
155 million
EV / Sales 2019 0.82x
EV / Sales 2020 1.02x
# of employees
Floating 66.8%

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