Weikeng Industrial : Announcement in accordance with Article 25 of “Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies”

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Provided by: Weikeng Industrial Co., Ltd.
SEQ_NO	3	Date of announcement	2022/06/28	Time of announcement	16:34:56
Subject	Announcement in accordance with Article 25 of "Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies"
Date of events	2022/06/28	To which item it meets	paragraph 22
Statement	1.Date of occurrence of the event:2022/06/28 2.For the company for whom the endorsements/guarantees were made, please specify name of endorsed/guaranteed company, its relationship with the Company providing endorsements/guarantees, the ceiling on the endorsements/guarantees (thousand NTD), the original amount of endorsements/guarantees (thousand NTD), the amount of the current additional endorsements/guarantees (thousand NTD), the amount of endorsements/guarantees as of the date of occurrence (thousand NTD), the actual loaned amount of the company for whom endorsements/guarantees were made (thousand NTD), and the reason for the current additional endorsements/guarantees: (1)Name of endorsed /guaranteed company:(a)Weikeng International Co., Ltd. (referred to as WKI)；(b)Weikeng International(Shanghai) Co., Ltd.(referred to as WKS) (2)Relationship with the Company: Both are 100% owned subsidiaries by the Company. (3)The ceiling on the endorsements/guarantees (thousand NTD):11,242,227 (4)The original amount of endorsements/guarantees (thousand NTD):(a)WKI: 6,176,818；(b)WKS:1,048,774 (5)The amount of the current additional endorsements/guarantees (thousand NTD):(a)WKI:908,290；(b)WKS:297,800 (6)The amount of endorsements/guarantees as of the date of occurrence (thousand NTD):(a)WKI:7,085,108；(b)WKS:1,346,574 (7)The actual loaned amount of the company for whom endorsements/ guarantees were made (thousand NTD):(a)WKI:6,231,341；(b)WKS:713,162 (8)The reason for the current additional endorsements/guarantees: (a)Due to the working capital needs of the Company's subsidiary WKI, it applied to 2 banking institutions for renewal or/and increase of banking facility, and which bank required the Company(Parent Company) to guarantee the subsidiary, resulting in an increase in the amount of endorsements/ guarantees. (b)Due to the working capital needs of the Company's subsidiary WKS, it applied to 1 banking institution for renewal of banking facility, and which bank required the Company(Parent Company) to guarantee the subsidiary, resulting in an increase in the amount of endorsements/ guarantees. 3.For collaterals provided by the company for whom the endorsements/guarantees were made, the content and the value (thousand NTD): The two subsidiaries did not provide collaterals to the Company. 4.For the latest financial statements of the company for whom the endorsements/guarantees were made, the Capital (thousand NTD) and Cumulative gains/losses (thousand NTD): (1)Capital:(a)WKI=1,814,847；(b)WKS=738,592; (2)Cumulative gains/losses:(a)WKI=4,307,032；(b)WKS=(11,767) 5.For termination of endorsement/guarantee obligations, the condition and the date: (1)Condition: When the banking facilities between the 2 subsidiaries and the banks expire, the loans are fully repaid without any loan balance and the banking facilitiess are not renewed, the obligations of endorsements/ guarantees responsibility will be released accordingly. (2)Date: As of the announcement date(2022/6/28), the existing endorsement guarantees have been released: 2022/5 US$32.5 Million and NT$700 Million. 2022/6 US$21 Million. 6.The total amount of the ceiling on endorsements/guarantees (thousand NTD): 22,484,454 7.The total amount of endorsements/guarantees as of the date of occurrence (thousand NTD):9,250,632 8.The amount of endorsements/guarantees as a percentage of the public company's net worth on the latest financial report as of the date of occurrence:123.43 9.The aggregate amount of equity method investments, endorsements/guarantees, and monetary loans extended to others as a percentage of the public company's net worth on the latest financial statements:123.43 10.Any other matters that need to be specified:(1)The new banking facilities (that is, the renewal of the existing bank facilities) have been resolved by the board of directors, but the existing bank facilities have not yet expired, resulting in overlapping endorsement guarantees, the amounts of which are:(a)WKI NT$148,900 thousand (of which in 2022/7 will be expired: NT$148,900 thousand); (b)WKS NT$297,800 thousand,(of which in 2022/8 will be expired: NT$297,800 thousand.