OUCC announces on behalf of its subsidiary Pacific Petrochemical (Holding) Ltd regarding the capital lending of 130 RMB million to Tong Da Gas Industries (Yangzhou) Ltd
1. Date of occurrence of the event: 2016/9/21
2. Party to which the capital is lending:
(a) Name of the Party: Tong Da Gas Industries (Yangzhou) Ltd
(b) Relationship to the Company: Both Tong Da Gas Industries and Pacific Petrochemical are incorporated subsidiary of the Company
(c) Ceiling of the lending capital amount: 2,051,168 Thousand NT Dollars
(d) Balance of the original lending capital: 611,910 Thousand NT Dollars
(e) Current additional amount of the lending capital: 611,910 Thousand NT Dollars
(f) Whether or not, the Party to which the capital is lending same as the one approved by BOD: NO
(g) Balance of the lending capital as of the occurrence date of the event: 1,223,820 Thousand NT Dollars
(h) Reason for lending the additional capital: In demand of the cash flow for operation of Tong Da Gas Industries (Yangzhou) Ltd
3. Content of the collateral provided by the party to which the capital is lending: None
4. Value of the collateral provided by the party to which the capital is lending: 0
5. Capitals of the party to which the capital is lending according to its latest financial report: 1,936,809 Thousand NT Dollars
6. Accumulated profit/loss of the party to which the capital is lending according to its latest financial report: 31,663 Thousand NT Dollars
7. Method of calculation of interest: NIL
8. Conditions of repayment: one time repayment upon due
9. Date for repayment: prior to 2017/9/21
10. Balance of the lending capital of the occurrence date of the event: 2,078,236 Thousand NT Dollars
11. The ratio, as of the balance of the lending capital, to the Company's net worth according to the latest financial report as of the date of occurrence of the event: 14.87
12. Source of the lending capital: Financial Organization
13. Any other matters that need to be specified: NA