1.Date of occurrence of the event:2025\/05\/12
\n2.The public company whose balance of endorsements\/guarantees reaches 50 percent or more of its net worth
\n on the latest financial statements.Please specify name of endorsed\/guaranteed company, relationship,
\n reason for endorsements\/guarantees up to the date of occurrence, ceiling on endorsement\/guarantee
\n (thousand NTD), starting balance of endorsement\/guarantee (thousand NTD), balance of
\n endorsements\/guarantees up to the date of occurrence, amount accessed by endorsed company
\n (thousand NTD), new endorsement\/guarantee (thousand NTD) and the reason for new
\n endorsement\/guarantee:
\n————————————————————————
\n(1)Name of endorsed\/guaranteed company:Sincere Navigation Corporation
\n(2)Relationship with the Company:Heywood Limited(guarantor) is a 100% owned subsidiary by Sincere
\n Navigation Corporation.
\n(3)Reason for endorsements\/guarantees up to the date of occurrence: Finance.
\n(4)The ceiling on the endorsements\/guarantees:NT$6,537,676 (in thousands)
\n(5)The starting balance of endorsement\/guarantee:NT$4,900,000 (in thousands)
\n(6)The balance of endorsements\/guarantees up to the date of occurrence:NT$6,100,000 (in thousands)
\n(7)The amount accessed by endorsed company:NT$2,489,000 (in thousands)
\n(8)New endorsement\/guarantee:NT$1,200,000 (in thousands)
\n(9)The reason for new endorsement\/guarantee:Renewal of the bank credit agreement upon expiration.
\n————————————————————————
\n(1)Name of endorsed\/guaranteed company:Sincere Navigation Corporation
\n(2)Relationship with the Company:Norley Corporation Inc.(guarantor) is a 100% owned subsidiary by Sincere
\n Navigation Corporation.
\n(3)Reason for endorsements\/guarantees up to the date of occurrence:Finance.
\n(4)The ceiling on the endorsements\/guarantees:NT$13,517,393 (in thousands)
\n(5)The starting balance of endorsement\/guarantee:NT$300,000 (in thousands)
\n(6)The balance of endorsements\/guarantees up to the date of occurrence:NT$300,000 (in thousands)
\n(7)The amount accessed by endorsed company:NT$300,000 (in thousands)
\n(8)New endorsement\/guarantee:NT$0 (in thousands)
\n(9)The reason for new endorsement\/guarantee:NA
\n————————————————————————
\n(1)Name of endorsed\/guaranteed company:Norley Corporation Inc.
\n(2)Relationship with the Company:Sincere Navigation Corporation(guarantor) is the parent company of Norley
\n Corporation Inc.
\n(3)Reason for endorsements\/guarantees up to the date of occurrence:Finance.
\n(4)The ceiling on the endorsements\/guarantees:NT$17,785,857 (in thousands)
\n(5)The starting balance of endorsement\/guarantee:NT$735,770 (in thousands)
\n(6)The balance of endorsements\/guarantees up to the date of occurrence:NT$11,420,430 (in thousands)
\n(7)The amount accessed by endorsed company:NT$159,590 (in thousands)
\n(8)New endorsement\/guarantee:NT$10,684,660 (in thousands)
\n(9)The reason for new endorsement\/guarantee:Vessel acquisition and working capital.
\n————————————————————————
\n(1)Name of endorsed\/guaranteed company:Ocean Grace Limited
\n(2)Relationship with the Company:Sincere Navigation Corporation (guarantor) is the ultimate parent company
\n of Ocean Grace Limited.
\n(3)Reason for endorsements\/guarantees up to the date of occurrence:Finance.
\n(4)The ceiling on the endorsements\/guarantees:NT$17,785,857 (in thousands)
\n(5)The starting balance of endorsement\/guarantee:NT$604,611 (in thousands)
\n(6)The balance of endorsements\/guarantees up to the date of occurrence:NT$604,611 (in thousands)
\n(7)The amount accessed by endorsed company:NT$268,716 (in thousands)
\n(8)New endorsement\/guarantee:NT$0 (in thousands)
\n(9)The reason for new endorsement\/guarantee:NA<\/p>\n
3.The total amount of the ceiling on endorsements\/guarantees (thousand NTD):NT$53,357,571.
\n4.The total amount of endorsements\/guarantees as of the date of occurrence (thousand NTD):NT$18,425,041.
\n5.As of the date of occurrence, the amount of endorsements\/guarantees as a percentage of the public company\u2019s
\n net worth on the latest financial statements:103.59%
\n6.Any other matters that need to be specified:Heywood Limited (guarantor) -the newly added
\n endorsement\/guarantee was approved by the Board of Directors prior to the expiration of the original
\n agreements, resulting in an overlap in the credit facility amounts. The renewed credit facilities will
\n replace the existing agreements, which are set to expire on May 29, 2025(NT$ 1 billion) and
\n July 31, 2025(NT$ 20 million), respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
1.Date of occurrence of the event:2025\/05\/12 2.The public company whose balance of endorsements\/guarantees reaches 50 percent or more of its net worth on the latest financial statements.Please specify name of endorsed\/guaranteed company, relationship, reason for endorsements\/guarantees up to the date of occurrence, ceiling on endorsement\/guarantee (thousand NTD), starting balance of endorsement\/guarantee (thousand NTD), balance of endorsements\/guarantees up to the date […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23213"}],"collection":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/comments?post=23213"}],"version-history":[{"count":4,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23213\/revisions"}],"predecessor-version":[{"id":23218,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/posts\/23213\/revisions\/23218"}],"wp:attachment":[{"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/media?parent=23213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/categories?post=23213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.snc.com.tw\/en\/wp-json\/wp\/v2\/tags?post=23213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}