OUCC announces on behalf of its subsidiary FUPY regarding the capital lending of 106.703 CNY million to Hwa Xu Heat Supply Co.
1.Date of occurrence of the event:2020/12/03
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):
(a) Name of the funding recipient:  Hwa Xu Heat Supply Co.
(b) Relationship to the Company: Far Eastern Union Petrochemical (Yangzhou)
Ltd.(FUPY) accounts for 49.9% shareholding of Hwa Xu Heat Supply Co. using
equity method
(c) Lending limit of the monetary loan: 1,698,027 Thousand NT Dollars
(d) Balance of the loan originally extended:  500,100 Thousand NT Dollars
(e) Amount of the new loan:  467,317 Thousand NT Dollars
(f) Whether or not, it is part of a scheduled allocation or revolving limit
for the same recipient that the chairman is authorized by the board of
directors to allocate:  NO
(g) Outstanding balance up to the date of the event: 967,417 Thousand
NT Dollars
(h) Reason for the new loan:  Cash flow demand for the operation of
Hwa Xu Heat Supply Co. in accordance with the stockholding ratio
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):
(a) Content: Cashier's cheque
(b) Value: 0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(a) Capital of the loan recipient of its latest financial report:
700,739 Thousand NT Dollars
(b) Cumulated loss: -13,375 Thousand NT Dollars
5.Method of calculation of interest:
1.3% annual interest rate with one time repayment upon due
6.For repayment, the condition and the date: One time repayment by 2021/12/03
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD): 957,007 Thousand NT Dollars
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: 7.75
9.Sources of funds for the company to extend monetary loans to others:
Subsidiary itself
10.Any other matters that need to be specified: No