RITEK CORPORATION according to Regulations
Governing Loaning of Funds/Making of Endorsements/
Guarantees,Article22 P1 Section3
Date of events
2021/11/12
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2021/11/12
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)Name of the company who receive the monetary loans:
Ritek Vietnam Company Ltd
(2)Relationship to the Company:100% indirectly owned subsidiary
(3)Ceiling on the loan amounts:NTD586,463 thousands
(4)Originally extended loans amount:0
(5)Current additional loans amount:NTD166,776 thousands
(6))Whether or not the board of directors authorize the chairperson
to give loans for the borrowing counterparty:Yes
(7)Total extended amount of loans:NTD166,776thousands
(8)Reason for the current additional loans:Financial plan
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):
(1)Content of collaterals:None
(2)Value of collaterals:NTD 0
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1)Capital:NTD4,826,844thousands
(2)Accumulated profit:loss NTD2,249,151 thousands
5.Method of calculation of interest:
not lower than the Company's highest bank borrowing rate
6.For repayment, the condition and the date:
(1)Terms/Conditions: The principal amount of the Loan together with the
accrued interest shall be payable by borrower no later than the due
date of facility.
(2) Repayment Date: 1 year from the date of first drawdown
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):NTD462,776 thousands.
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:7.89%
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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Ritek Corporation published this content on 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 08:56:05 UTC.
RITEK CORPORATION is a Taiwan-based company principally involved in the manufacture, processing and distribution of optical products. The Companyâs products primarily include electronic storage products, such as memory cards and portable disks, as well as information products, disk products and peripheral products, including compact disc-recordable (CD-R), digital versatile disc (DVD)+R/-R, CD-rewritable (CD-RW), multifunctional digital optic discs, secure digital cards, memory cards and others. Its products are applied in computers, digital cameras, mobile phones, laptops, moving picture experts group audio layer three (MP3) players and other consumer electronics. The Company distributes its products both within domestic market and to overseas markets.