News
On behalf of the parent company, LCY Chemical corp., in accordance with Article 22-1-3 of the Regulations.
2024-05-23
1.Date of occurrence of the event: 2024/05/23
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: LCY ELASTOMERS LP
(2)Relationship with lender: an affiliate of the company
(3)Lending limit (thousand NTD): 25,935,205
(4)Starting outstanding balance (thousand NTD): 725,753
(5)New loan (thousand NTD): 106,508
(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: 832,261
(8)Reason for new loan (thousand NTD):For operation.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):
(1)Content of collaterals: Promissory notes of the same amount.
(2)Value of collaterals: 832,261
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1)Capital: 337,755
(2)Cumulative gains: 766,626
5.Method of calculation of interest: The loan interest is calculated at an
annual rate, accruing from the date of the loan or the interest commencement
date, based on SOFR + 1%, with monthly payments.
6.For repayment, the condition and the date: From the date of the loan for a
period of one year.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD): 34,205,278
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: 1551.28%
9.Sources of funds for the company to extend monetary loans to others: Other
10.Any other matters that need to be specified:
The source of funds for lending to others originates from the company's own
funds. LCY is no longer subject to the Regulations Governing Loaning of Funds
by Public Companies; instead, the matters of fund lending are governed by the
company's internal operational procedures.
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