MiTAC Holdings Corp.'s board of directors grants an
additional NT$1,000,000K loan to MDT.
Date of events
2022/08/11
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/08/11
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: MiTAC Digital Technology Corp. (MDT)
(2)Relationship with lender:
MDT is MiTAC Holdings Corporation (MHC)'s subsidiary.
(3)Lending limit (thousand NTD):20,365,553
(4)Starting outstanding balance (thousand NTD):2,000,000
(5)New loan (thousand NTD):1,000,000
(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:
3,000,000
(8)Reason for new loan (thousand NTD):
The board of directors approved this loan to MDT in support of its
short-term operating activities.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None.
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
Capital (thousand NTD):1,061,000
Cumulative gains (thousand NTD):64,406
5.Method of calculation of interest:
The interest rate shall be in accordance with the provisions of the
agreements.
6.For repayment, the condition and the date:
Conditions for repayment: Repayment schedule depends
on cash flow from operational activities.
Date for repayment: Duration of the loan is a year.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):17,695,758
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:34.76
9.Sources of funds for the company to extend monetary loans to others:
Parent company.
10.Any other matters that need to be specified:None.
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MiTAC Holdings Corporation published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 10:12:34 UTC.
MiTAC Holdings Corporation is a Taiwan-based investment holding company. Through its subsidiaries, the Company is mainly engaged in the development, design, manufacture, and sales of computers and related peripheral equipment, as well as communications and related products. The Company operates its businesses through two segments. The Cloud Computing Product segment provides workstations, servers, storage devices, enterprise-level servers and workstations, all-in-one liquid crystal display (LCD) personal computers (PCs), Mini PCs, point-of-sale (POS) systems, as well as embedded industrial panel PCs, barebones and embedded motherboards. The Mobile Communications Product segment provides automotive electronics, consumer electronics, enterprise electronics and smart wearable devices, as well as smart navigation and cloud services. The Company distributes its products in domestic market and to overseas markets, such as the United States and Europe.