Tsang Yow Industrial : Announcement of total new endorsements/guarantees by the Company reaching NT$30 million and 5% or more of its net worth on the latest financial statements

 Announcement of total new endorsements/guarantees
by the Company reaching NT$30 million and 5% or more
of its net worth on the latest financial statements

1.Date of occurrence of the event:2022/08/09
2.For the company for whom the endorsements/guarantees were made, please
specify name of endorsed/guaranteed company, its relationship with
the Company providing endorsements/guarantees, the ceiling on the
endorsements/guarantees (thousand NTD), the original amount of
endorsements/guarantees (thousand NTD), the amount of the current additional
endorsements/guarantees (thousand NTD), the amount of
endorsements/guarantees as of the date of occurrence (thousand NTD), the
actual loaned amount of the company for whom endorsements/guarantees were
made (thousand NTD), and the reason for the current additional
endorsements/guarantees:
(1)Name of the spun off company:Wuxi Tsang Yow Auto Parts Co., Ltd.
(2)Its relationship with the Company providing endorsements/guarantees:
100% owned subsidiary
(3)The ceiling on the endorsements/guarantees (thousand NTD):748,628
(4)The original amount of endorsements/guarantees(thousand NTD):89,820
(5)The amount of the current additional endorsements/guarantees
(thousand NTD):89,820
(6)The amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):179,640
(7)The actual loaned amount of the company for whom endorsements/guarantees
were made (thousand NTD):44,910
(8)The reason for the current additional endorsements/guarantees:
bank financing
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
(1) Content:None
(2) Value (thousand NTD):0
4.For the latest financial statements of the company for whom the
endorsements/guarantees were made, the Capital (thousand NTD) and Cumulative
gains/losses (thousand NTD):
(1) Capital (thousand NTD):425,376
(2) Cumulative gains/losses (thousand NTD):-47,678
5.For termination of endorsement/guarantee obligations, the condition and
the date:
(1) Condition:Repayment of loans or Maturity date for contracts
with the banks
(2) Date:Repayment of loans or Maturity date for contracts with the banks
 6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
1,247,713
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):90,320
8.The amount of endorsements/guarantees as a percentage of the
public company's net worth on the latest financial report as of the date of
occurrence:5.79%
9.The aggregate amount of equity method investments,
endorsements/guarantees, and monetary loans extended to others as a
percentage of the public company's net worth on the latest financial
statements:51.57%
10.Any other matters that need to be specified:
(1)The equity of latest financial report for ceiling amount refer to
financial statements of lender for the year ending on June 30, 2022.
(2)Exchange rate for USD to NTD is 29.94 on July 29, 2022.
(3)Exchange rate for CNY to NTD is 4.447 on July 29, 2022.