Announcement of the new capital loan and the
amount of the capital loan and endorsement guarantee
processing guidelines Article 22
Date of events
2022/02/18
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/02/18
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
(1) Company name: Hocheng (China) Co., Ltd.
(2) The relationship between Capital Loan and other
companies:
It is a subsidiary with 100% investment.
(3) Capital loan and limit (thousand NTD):174598
(4) The original capital loan and balance(thousand):55830
(5) The amount of the new capital loan(thousand NTD):55830
(6) Whether the board of directors authorizes the
chairman of the board to grant loans to the same loan
object in stages or to revolve the funds used: Yes
(7) Fund loan and balance as of the date of the fact
(thousand NTD):111660
(8) Reasons for this new capital loan: working capital needs
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):
(1) Content: none
(2) Value (thousand NTD): 0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) Capital (thousand NTD):1172409
(2) Cumulative profit and loss amount
(thousand NTD):-1069041
5.Method of calculation of interest:USD - annual interest rate 0.8%
6.For repayment, the condition and the date:
(1) Conditions:
Repayment once upon due, earlier clear off is an option.
(2) Date:
Every loan shall not last more than one year maximum.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):111660
8.The total amount of monetary loans extended to others as a percentage of
the public company's net worth on the latest financial statements as of the
date of occurrence:1.60
9.Sources of funds for the company to extend monetary loans to others:
Subsidiary itself.
10.Any other matters that need to be specified:
Calculated based on the exchange rate on February 17,
2022, between USD 27.915 and RMB 4.426.
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HOCHENG Corporation published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 06:30:10 UTC.
HOCHENG CORPORATION is a Taiwan-based company principally engaged in the manufacture, processing and sales of bathroom and kitchen accessories. The Companyâs products include hygiene porcelains, water supply copper wares, bathtubs and table boards, toilet covers, kitchenware and ceramic plates, among others. Its hygiene porcelains include toilets, water tanks, washbasins, sewage basins and urine buckets. Its water supply copper wares include taps, makeup mirrors and automotive equipment. The Company operates through four segments. Bathroom Accessories segment manufactures and trades bathroom and kitchen accessories and water supply copper wares. Investment segment invests in production, securities, construction and tourism businesses. China segment manufactures hygiene equipment, metal components and decoration ceramics. Philippines segment manufactures and sells water supply wares.
HOCHENG CORPORATION 
