Array Inc.

11/04/2024 | Press release | Distributed by Public on 11/04/2024 06:19

The new loans funded by subsidiary,Array Taiwan Inc., reaches NT$10 million or more,and reaches 2% or more of the net worth

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Provided by: Array Inc.
SEQ_NO 4 Date of announcement 2024/11/04 Time of announcement 20:16:31
Subject
 The new loans funded by subsidiary,Array Taiwan Inc.,
reaches NT$10 million or more,and reaches 2%
or more of the net worth
Date of events 2024/11/04 To which item it meets paragraph 23
Statement
1.Date of occurrence of the event:2024/11/04
2.Funding recipient (1)Name(2)Relationship with lender
(3)Lending limit (thousand NTD)(4)Starting outstanding
balance (thousand NTD)(5)New loan (thousand NTD)(6)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(7)Outstanding
balance (thousand NTD) up to the date of occurrence
(8)Reason for new loan (thousand NTD):
(1)Name:Array Taiwan Inc.
(2)Relationship with lender:head office
(3)Lending limit (thousand NTD):114,481
(4)Starting outstanding balance (thousand NTD):0
(5)New loan (thousand NTD):16,020
(6)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:YES
(7)Outstanding balance (thousand NTD) up to
the date of occurrence:16,020
(8)Reason for new loan (thousand NTD):Working capital
3.For collaterals provided by the loan recipient, the
(1)Content(2)Value (thousand NTD):(1)None(2)0
4.For the latest financial reports of the loan recipient, the
(1)Capital (thousand NTD)(2)Cumulative gains/losses
(thousand NTD):(1)30,000(2)-42,636
5.Method of calculation of interest:The borrowing rate is the
According to the contract
6.For repayment, the(1)Condition(2)Date:(1)None(2)2025/11/03
7.The amount of monetary loans extended to others as
of the date of occurrence (thousand NTD):16,020
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:5.6%
9.Sources of funds for the company to extend monetary
loans to others:subsidiary company
10.Any other matters that need to be specified:None