2019 / 12 / 30
OUCC announces on behalf of its subsidiary Far Eastern Union Petrochemical (Yangzhou) Ltd. regarding the capital lending of 76.846 RMB million to Hwa Xu Heat Supply Co.
1. Date of occurrence of the event: 2019/12/30
2. Party to which the capital is lending:
(a) Name of the Party: Hwa Xu Heat Supply Co.
(b) Relationship to the Company: Far Eastern Union Petrochemical (Yangzhou) Ltd. accounts for 49.9% shareholding of Hwa Xu Heat Supply Co. using equity method
(c) Ceiling of the lending capital amount: 1,760,644 Thousand NT Dollars
(d) Balance of the original lending capital: 0
(e) Current additional amount of the lending capital: 333,409 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: 333,409 Thousand NT Dollars
(h) Reason for lending the additional capital: In demand of the cash flow for operation of Hwa Xu Heat Supply Co.
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: 694,187 Thousand NT Dollars
6. Accumulated profit/loss of the party to which the capital is lending according to its latest financial report: -449,391 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 2020/12/29
10. Balance of the lending capital of the occurrence date of the event: 680,503 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: 4.99
12. Source of the lending capital: Subsidiary itself
13. Any other matters that need to be specified: NA