: to be supporting as additional credit expansion with lower
interest rate than current bank loans.
Ordinary form of transaction
Kinpo Electronics (China) Co., Ltd. provides a loan (a financial support) to Cal-Comp Optical Electronics (Yue Yang) Co., Ltd.
Value of transaction
Total value of transaction = maximum borrowing amount x est. interest rate x 2 years
RMB 90,000,000 x est. 3.6% x 2 years
RMB 96,480,000 or approximately Baht 493,784,640, accounted for 1.75% of NTA as March 31, 2024, the pricing will be contract price.
Total size of related party transactions during the past six-month periods
Overall, total size of related party transactions between the Company and/or its subsidiaries with Kinpo Electronics, Inc. and/or its subsidiaries are at Baht 572,392,250.53 which is accounted to 2.04% of NTA during the past six-month periods.
Note: Exchange Rate
CNY/THB = 5.1180
Details of related person of the Company and/or its subsidiary with Kinpo Electronics Inc and/or its subsidiary
Kinpo China is a subsidiary of Kinpo Electronics, Inc. Kinpo
Electronics, Inc. holds 49.99% in the Company, and has
nominated 2 people to be directors in the Company: Mr. Hsu,
Sheng-Hsiung, and Mr. Chen, Wei-Chang
The directors who have conflict of interest did not join and vote for this agenda.
Opinion of the Board of director and Audit Committee
The connected transactions of the Company are reasonable in the normal course of business due to all transactions are taking to supporting the business operation and also the terms and conditions are satisfied.
CCET – Cal-Comp Electronics (Thailand) pcl published this content on
20 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
20 May 2024 05:33:09 UTC.
Cal-Comp Electronics (Thailand) Public Company Limited is a Thailand-based electronics manufacturing services (EMS) company. The Company is principally engaged in the manufacture of electronic products, such as computer and computer peripherals, telecommunication equipment and automation equipment. The Companyâs products are categorized into two groups: computer peripherals, such as ink-jet printers, laser printers, multi-function printers, dot-matrix printers, large format printers, mainboard, external hard disk drives, network-attached storage (NAS) and PCBA for hard disk drives, universal serial bus (USB) pen drives, storage server PCBA, PCBA for digital camera, media players, Smart TV, smart point of sale (POS) machines and assembly; and telecommunication products, such as set-top boxes and Bluetooth headsets. The Company provides manufacturing services in original equipment manufacturing (OEM) and original design manufacturing (ODM) across a variety of products for its clients.
CAL-COMP ELECTRONICS (THAILAND) 
