Norley Corporation Inc. provides deposit as collateral for the group loan facility obtained from Bank.

1.Date of occurrence of the event:2023/06/06
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:
Sincere Navigation Corporation, the parent company.(SNC)/
Heywood Limited, fellow subsidiary (Heywood).
The ceiling on the endorsements/guarantees: NT$12,241,608.
The original amount of endorsements/guarantees: NT$- for SNC; NT$- for Heywood.
The amount of the current additional endorsements/guarantees: NT$1,500,000.
The amount of endorsements/guarantees as of the date of occurrence of the event:NT$1,500,000 for SNC; NT$1,500,000 for Heywood.
The actual loaned amount of the company: NT$615,000 for SNC; NT$- for Heywood.
The reason for the current additional endorsements/guarantees: Finance.
3.For collaterals provided by the company for whom the endorsements/guarantees were made, the content and the value (thousand NTD): NT$-.
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):
SNC: The Capital: NT$5,853,533/ Cumulative gains: NT$10,459,378.
Heywood: The Capital: NT$30,450/ Cumulative gains: NT$5,839,899.
5.For termination of endorsement/guarantee obligations, the condition and the date:
The obligation of endorsement guarantee can only be released when the loan is repaid, the date of contract termination or when the collateral is released.
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD): NT$46,511,403.
7.The total amount of endorsements/guarantees as of the date of occurrence (thousand NTD):NT$5,220,784.
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:33.67%
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:3.97%
10.Any other matters that need to be specified:
The loan belongs to the group’s shared quota, and Norley or Heywood provides full deposit as guarantee according to the actual draw down balance.
If the collateral is allocated in a different currency, a 10% discount is required.