Today's Information

Provided by: LUNGYEN LIFE SERVICE CORPORATION
SEQ_NO 2 Date of announcement 2022/02/14 Time of announcement 18:12:14
Subject 
 Release of the Company's consolidated monthly
sales in Dec. 2021 and financial information by the end
of Nov. 2021.
Date of events 2022/02/14 To which item it meets paragraph 53
Statement 
1.Date of occurrence of the event:2022/02/14
2.Company name:Lungyen Life Service Corporation
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Head office.
4.Reciprocal shareholding ratios: Not applicable
5.Cause of occurrence:Release of the Company's consolidated monthly sales
in Jan. 2022 according to OTC No.1020200510.
6.Countermeasures:None
7.Any other matters that need to be specified:
(1)The Company's monthly consolidated revenues for Jan. 2022 were
   NT$447,836 thousand, which increased 25.94% compared to
   NT$355,606 thousand of the corresponding period of 2021.
(2)The Company's consolidated revenues for January through Dec.
   2022 were NT$447,836 thousand, which increased 25.94% compared to
   NT$355,606 thousand of the corresponding period of the previous year.
(3)At the end of Dec. 2021, the debt ratio was 66.66%, the current
   ratio was 92.43% and the quick ratio was 235.36%.
(4)The adjusted debt ratio was 11.49% at the end of Dec. 2021.
   Explanation for the adjustment is as below.
   The Company's total liability was NT$44.72 billion at the end of Dec.
   2021,including NT$41.81 billion of advance receipts from selling of
   pre-need funeral, columbarium and cemetery contracts. Receives from
   those contracts will be recognized as revenues when the Company perform
    funeral services or transfer the property right of columbarium and
   cemetery in accordance with the terms and conditions of the contracts.
   To provide a clearer reference, the Company deduct the unrecognized
   sales of pre-need funeral contract, columbarium and cemetery from the
   liabilities balance and their corresponding amounts from the assets
   balance to calculate the adjusted debt ratio.

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Lungyen Life Service Corp. published this content on 14 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 February 2022 10:22:06 UTC.