Announcement on behalf of subsidiary FSA
increasing loans over NTD 10 Millions.
Date of events
2022/08/12
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/08/12
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)Company Name: Grand Ocean Retail Group Ltd.
(2)Relationship: 46.83% subsidiary company
(3)Ceiling on Loan Amounts: NT$ 3,943,028 thousand.
(4)Amount of Loans Originally Extended: NT$ 299,300 thousand.
(5)Amount of Current Additional Loans: NT$ 149,650 thousand.
(6)With/without Board's Authorization: Yes.
(7)Total Extended Amount: NT$ 448,950 thousand.
(8)Reasons for Current Additional Loans: Working capital.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):
Promissory note NT$ 149,650 thousand.
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
Capital:NT$ 1,955,310 thousand.
Accumulated profit:NT$ 385,314 thousand.
5.Method of calculation of interest:
Call Loan. Not lower than 4%.
6.For repayment, the condition and the date:
Terms/conditions: None.
Date for Repayment:
Repayment within 1 year from the date of first disbursement.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):
NT$ 16,990,107 thousand.
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:164.42%
9.Sources of funds for the company to extend monetary loans to others:
Company reserve.
10.Any other matters that need to be specified:None
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First Steamship Co. Ltd. published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 09:29:06 UTC.
First Steamship Company, Ltd. is a Taiwan-based company principally engaged in sea transportation businesses and the operation of department stores. The Company operates through two segments. Sea Transportation segment is engaged in the provision of international transportation services of bulk cargo and ship chartering services. It focuses on cereals, ore sands, coal and fertilizer, among others. Ships under the Company include Ever Blossom, Ever Shining, Ever Excellent and Ever Leader, among others. Department Stores segment is engaged in retailing businesses in Mainland China. It provides apparels, jewelry products, cosmetics products, footwear products, sports supplies and home appliances, among others.
FIRST STEAMSHIP CO., LTD. 
