Announcement on behalf of Nankang International
Co., ltd.according to Procedures for Loaning of Funds to
the parent company
Date of events
2022/04/11
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/04/11
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).Funding recipient name:Nankang Rubber Tire CORP.,LTD.
(2).Relationship with lender:Parent company
(3)Lending limit (thousand NTD):3,867,716 thousand NTD
(4)Starting outstanding balance (thousand NTD):0
(5)New loan (thousand NTD):286,250 thousand NTD
(6)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:Yes
(7)Outstanding balance (thousand NTD) up to the date of occurrence:
286,250 thousand NTD
(8)Reason for new loan (thousand NTD):The parent company's
operating turnover needs
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None/0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
8,339,349 thousand NTD/-212,252 thousand NTD
5.Method of calculation of interest:None
6.For repayment, the condition and the date:Repayable within one year
depending on funding status.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):986,250 thousand NTD
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:8.77
9.Sources of funds for the company to extend monetary loans to others:
Subsidiary's own funds.
10.Any other matters that need to be specified:
The new quota approved by the board of directors this time is
USD10,000,000, which is a renewal upon expiration and will take effect
from 2022.4.11. The original quota of USD25,000,000 is deemed to
have expired. Therefore, the starting outstanding balance"0".
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Nankang Rubber Tire Corp. Ltd. published this content on 11 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 09:38:04 UTC.
Nankang Rubber Tire Corp., Ltd. is a Taiwan-based company principally engaged in the manufacture and trading of tires. The products of the Company include automotive tires, motorcycle tires and truck tires. Its automotive tires include snowfield-use vehicle tires, sedan tires, half hot melting tires and recreational vehicle (RV) tires, among others. Its motorcycle tires include heavy motorcycle tires and general motorcycle tires. The Company operates businesses in Taiwan market, America market, Europe market and Asia market, among others.
NANKANG RUBBER TIRE CORP.,LTD. 
