Today's Information

Provided by: Acelon chemicals & Fiber Corporation
SEQ_NO 5 Date of announcement 2022/03/10 Time of announcement 18:41:45
Subject 
 Announcement of total new endorsement/guarantee
by Acelon for its subsidiaries reaching NT$30 million &
5% more of net worth on the latest financial statements
Date of events 2022/03/10 To which item it meets paragraph 22
Statement 
1.Date of occurrence of the event:2022/03/10
2.For the company for whom the endorsements/guarantees were made, please
specify name of endorsed/guaranteed company, its relationship with
the Company providing endorsements/guarantees, the ceiling on the
endorsements/guarantees (thousand NTD), the original amount of
endorsements/guarantees (thousand NTD), the amount of the current additional
endorsements/guarantees (thousand NTD), the amount of
endorsements/guarantees as of the date of occurrence (thousand NTD), the
actual loaned amount of the company for whom endorsements/guarantees were
made (thousand NTD), and the reason for the current additional
endorsements/guarantees:
(1) Name of the spun off company:Acegreen Eco-material Technology Co., Ltd.
(2) Its relationship with the Company providing endorsements/guarantees:
100% wholly owned subsidiary of the company.
(3) The ceiling on the endorsements/guarantees (thousand NTD):1,404,982
(4) The original amount of endorsements/guarantees (thousand NTD):208,000
(5) The amount of the current additional endorsements/guarantees
(thousand NTD):1,114,015
(6) The amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):1,322,015
(7) The actual loaned amount of the company for whom endorsements/guarantees
were made (thousand NTD):715,868
(8) The reason for the current additionalendorsements/guarantees:
Acegreen Eco-material Technology Co., Ltd., to meet business demands,
intends to apply to financial institutions for loans with endorsements/
guarantees to be provided by the Company.
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
(1) Content:None.
(2) Value (thousand NTD):0
4.For the latest financial statements of the company for whom the
endorsements/guarantees were made, the Capital (thousand NTD) and Cumulative
gains/losses (thousand NTD):
(1) Capital (thousand NTD):520,000
(2) Cumulative gains/losses (thousand NTD):-183,517
5.For termination of endorsement/guarantee obligations, the condition and
the date:
(1) Condition: According to the contract.
(2) Date: According to the contract.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
1,756,228
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):1,322,015
8.The amount of endorsements/guarantees as a percentage of the
public company's net worth on the latest financial report as of the date of
occurrence:75.27%
9.The aggregate amount of equity method investments,
endorsements/guarantees, and monetary loans extended to others as a
percentage of the public company's net worth on the latest financial
statements:88.07
10.Any other matters that need to be specified:The BOD terminate its original
endorsements/guarantee thousand NTD 768,7000 for its subsidiary -Acegreen
company, and new add endorsements/guarantee thousand NTD 1,100,000 for
Acegreen company to loan from MEGA Bills. The new add loan will use for
repayment of the Land bank of Taiwan loan on March 15, 2022, after clearing
off the loan of the Land bank of Taiwan, it will automatically terminate
Acelon company's endorsements/guarantee thousand NTD 768,700 of LAND
BANK of TAIWAN.

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Acelon Chemicals & Fiber Corp. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 13:23:28 UTC.