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Announcement on behalf of Wisdom Marine Lines S.A. for Intercompany Loan

2016 / 01 / 29

FIN

Provided by: Wisdom Marine Lines Co., Limited
SEQ_NO 3 Date of announcement 20160129
Subject Announcement on behalf of Wisdom Marine Lines S.A. for Intercompany Loan
Date of events 2016/01/29 To which item it meets article 4 paragraph 23
Statement 
1.Date of occurrence of the event:2016/01/29
2.Name of the company who receive the monetary loans, its 
  relationship to the Company who extend the loans, ceiling 
  amount on the monetary loans extended,  amount of loans 
  originally extended, amount of the current additional loans, 
  whether or not the board of directors authorize the chairperson
  to give loans for the borrowing counterparty; total extended 
  amount of loans and the reason for loans as of the date of 
  occurrence of the event:
(1) company receiving loans: Daiwan Justice S.A. and Daiwan Kalon S.A.
(2) relationship with the Company: subsidiaries (100%)
(3) ceiling amount on the monetary loans extended: US$2,564,237,724
(4) amount of loans originally extended: Nil
(5) amount of the current additional loans: US$42,000,000
(6) board of directors authorization: Yes    
(7) total extended amount of loans:US$42,000,000
(8) reason for loans:purchasing newbuilding vessels
3.Content and value of collaterals provided by the loan recipient, if any:Nil
4.Capital and Accumulated profit/loss of the loan recipient 
  according to its latest financial report:US$20,000
5.Method of calculation of interest:Nil
6.Terms/conditions and date for repayment:Repay by net profit from operation
7.The Company's total amount of monetary loans extended
  as of the date of occurrence of the event:US$1,129,376,000
8.The ratio of the total amount of monetary loans extended 
  to the Company's net worth on its most recent financial 
  statements as of the date of occurrence of the event:128.45%
9.Sources of funds to extend monetary loans to others:Wisdom Marine Linsa S.A.
10.Any other matters that need to be specified:
Wisdom Marine Lines S.A. provides funds to its 100% holding subsidiaries for
purchasing newbuilding vessels. The Company takes full control of its
SPVs'operating, financing, and any other material matters.

Wisdom Marine Lines Co. Limited issued this content on 29 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 January 2016 09:08:27 UTC

Original Document: http://www.wisdomlines.com.tw/wisdom/php/news_content_e.php?no=287