Announcement on behalf of major subsidiary Hubei
Longchen,signing a RMB 2,500 million Syndicated Loan
Agreement
Date of events
2022/08/12
To which item it meets
paragraph 10
Statement
1.Date of occurrence of the event:2022/08/12
2.Counterparty to the contract or commitment:
Land Bank Of Taiwan and its invited bank.
3.Relationship with the Company:None.
4.Starting and ending dates (or rescission date) of the
contract or commitment:5 year.
5.Major content (not applicable where rescinded):
RMB 2,500 million of five-year syndicated loan.
Land Bank Of Taiwan and its invited co-host bank reviewed the
fundraising situation and approved by the company can be
increased within 10% or decreased within 20%.
6.Restrictive covenants (not applicable where rescinded):
According to syndicated loan contrace.
7.Commitment (not applicable where rescinded):
According to syndicated loan contrace.
8.Any other important agreement (not applicable where rescinded):
According to syndicated loan contrace.
9.Effect on company finances and business:None.
10.Concrete purpose/objective:
To refinance existing loan and enrich working capital.
11.Any other matters that need to be specified:None.
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Disclaimer
Long Chen Paper 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 06:18:02 UTC.
Longchen Paper & Packaging Co., Ltd., formerly Long Chen Paper Co., Ltd., is a Taiwan-based company principally engaged in the manufacture and sale of paper products. The Companyâs products include industrial paper and corrugated paper container products. Its industrial paper includes kraft paperboards and corrugated medium paper. Its corrugated paper products include corrugated paperboards and corrugated paper boxes. The Company is also involved in the provision of recycling of energy and resources services, including the purchasing and sale of waste paper, the treatment of public sewage, the cogeneration of steam and electricity, the turnkey contracting of incinerators, car testing and commission operation businesses. The Company operates businesses in Taiwan, China, Japan and Germany.
LONGCHEN PAPER & PACKAGING CO., LTD. 
