Announcement Grand Ocean Classic Commercial Group Co.,Ltd
additionalendorsements/guarantees exceeding NTD 30 million
Date of events
2022/03/30
To which item it meets
paragraph 22
Statement
1.Date of occurrence of the event:2022/03/30
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 party:GRAND OCEAN RETAIL GROUP LIMITED
(2)Relationship:Parent company that directly (indirectly) holds 100% equity
(3)The ceiling on the endorsements/guarantees:NTD 69,997,960 thousand dollar
(4)The original amount of endorsements/guarantees:NTD 143,800 thousand dollar
(5)The amount of the current additional endorsements/guarantees:
NTD 287,600 thousand dollar
(6)The amount of endorsements/guarantees as of the date of occurrence
of the event:NTD 431,400 thousand dollar
(7)The actual loaned amount of the company who was made the
endorsements/guarantees:NTD 431,400 thousand dollar
(8)The reason for the current additional endorsements/guarantees:
Operational requirements
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
None,NTD 0 thousand dollar
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:NTD 1,955,310 thousand dollar
(2)Accumulated profit:NTD 1,017,128 thousand dollar
5.For termination of endorsement/guarantee obligations, the condition and
the date:Full repayment of the loan and contract expiry date
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
NTD 69,997,960 thousand dollar
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):NTD3,438,728 thousand dollar
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:42.77
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:25.04
10.Any other matters that need to be specified:None
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Grand Ocean Retail Group Ltd. published this content on 30 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 10:54:07 UTC.
Grand Ocean Retail Group Limited is a Taiwan-based company mainly engaged in the operation of department store retail business. The Company operates in two business segments. The Department Store segment is engaged in the department store retail business. The Investment segment is engaged in the investment funds, stocks and derivative financial products related business. The Company's main business products include clothing, jewelry, cosmetics, footwear, sporting goods as well as household goods, among others. The Company mainly operates its business in second and third-tier cities in China, including Nanjing, Wuhan, Chongqing, Xiâan, Fuzhou, Suzhou, Quanzhou, Xiangtan, Hengyang, Yichang and Hefei. Its terminal customers are primarily consisted of general consumers. The Company generated its revenue from the counters associated operations, counters direct operations, and rents and other income.
GRAND OCEAN RETAIL GROUP LTD. 
