晶元光電 2016/05/05
The additional loans granted by Epistar Corporation is over 2% of the company's net worth.
1.Date of occurrence of the event:2016/05/05
2.Name of the company who receive the monetary loans, its relationship to the Company who extend the loans, ceiling amount on the monetary loans extended, amount of loans originally extended, amount of the current additional loans, whether or not the board of directors authorize the chairperson to give loans for the borrowing counterparty; total extended amount of loans and the reason for loans as of the date of occurrence of the event:
(1)Name of the company:Formosa Epitaxy Incorporation
(2)relationship to the Company: 100% owned subsidiary
(3)ceiling on the loan amounts: NT$5,327,390 thousand
(4)amount of loans originally extended: NT$0
(5)amount of the current additional loans: NT$1,600,000 thousand
(6)the board of directors didn't authorize the chairperson to give loans for the borrowing counterparty.
(7)total extended amount of loans: NT$1,600,000 thousand
(8)reason for the current additional loans:
In response to the Group's operating plan, centralizing Group equipment to improve the operating scale and management efficiency of plant, reducing operating expenses and strengthen competitiveness, in order to
prepayment bank loans of Formosa Epitaxy Incorporation, release the pledge of restrictions equipment.
3.Content and value of collaterals provided by the loan recipient, if any:
guaranteed checks equivalent
4.Capital and Accumulated profit/loss of the loan recipient
according to its latest financial report:
Capital: NT$6,020,607 thousand
Accumulated loss: NT$6,799,074 thousand
5.Method of calculation of interest:
The loan interest should not be lower than the highest interest for Epistar’s short-term finance to financial institutes.
6.Terms/conditions and date for repayment:
Upon maturity date of the loan or complete pay-off prior to maturity date, Epistar should calculate the interest payable and settle the principal before canceling the loans by commercial papers or canceling mortgages.
7.The Company’s total amount of monetary loans extended as of the date of occurrence of the event:
NT$4,235,222 thousand
8.The ratio of the total amount of monetary loans extended to the Company’s net worth on its most recent financial
statements as of the date of occurrence of the event:
7.95%
9.Sources of funds to extend monetary loans to others:Epistar Corporation
10.Any other matters that need to be specified:None.