The Board decided to provide guarantee for subsidiary Pacifica Maritime Limited.

The Board decided to provide guarantee for subsidiary Pacifica Maritime Limited.

1.Date of occurrence of the event:2016/05/13

2.The company name of the party for whom the endorsements/guarantees were made; its relationship with the Company; the ceiling on the endorsements/guarantees;the original amount of endorsements/guarantees; the amount of the current additional endorsements/guarantees; the amount of endorsements/guarantees as of the date of occurrence of the event; the actual loaned amount of the company who was made the endorsements/guarantees; the reason for the current additional endorsements/guarantees:

(1) Pacifica Maritime Limited

(2) 100% hold subsidiary

(3) NT$17,013,356 thousands

(4) NT$0

(5) NT$2,154,600 thousands

(6) NT$2,154,600 thousands

(7) NT$0

(8) Provide guarantee for subsidiary’s newbuilding mortgage loan

3.Content and value of collaterals provided by the party for whom the endorsements/guarantees were made:None

4.Capital and accumulated profit/loss for whom the endorsements/guarantees were made according to its latest financial report:

Capital: NT$628,236 thousands

Accumulated loss: (NT$178) thousands

5.Terms/conditions and date of release of the Company’s endorsement/guarantee obligations: Loan fully repay about in Oct. 2026

6.The total amount of ceiling on endorsement/guarantee: NT$51,040,068 thousands

7.The total amount of endorsements/guarantees as of the date of occurrence of the event: NT$11,696,674 thousands

8.The ratio of the amount of endorsements/guarantees to the Company’s net worth according to the latest financial report as of the date of occurrence of the event: 68.75%

9.The ratio of the aggregate amount of long term investments, endorsements/guarantees, and monetary loans extended to others to the Company’s net worth according to the latest financial report:

68.75%

10.Any other matters that need to be specified:None