Today's Information

Provided by: LUNGYEN LIFE SERVICE CORPORATION
SEQ_NO 1 Date of announcement 2022/03/10 Time of announcement 19:49:49
Subject 
 Release of the Company's consolidated monthly
sales in Feb. 2022 and financial information by the end
of Jan. 2022.
Date of events 2022/03/10 To which item it meets paragraph 53
Statement 
1.Date of occurrence of the event:2022/03/10
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 Feb. 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 Feb. 2022 were
   NT$230,869 thousand, which decreased 17.35% compared to
   NT$279,337 thousand of the corresponding period of 2021.
(2)The Company's consolidated revenues for January through Dec.
   2022 were NT$678,705 thousand, which increased 6.89% compared to
   NT$634,943 thousand of the corresponding period of the previous year.
(3)At the end of Jan. 2022, the debt ratio was 66.54%, the current
   ratio was 92.64% and the quick ratio was 241.66%.
(4)The adjusted debt ratio was 10.75% at the end of Jan. 2022.
   Explanation for the adjustment is as below.
   The Company's total liability was NT$44.55 billion at the end of Jan.
   2022,including NT$41.85 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 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 13:43:13 UTC.