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GTC Announces On Behalf of Talent View Ltd. The Amount Of New Loans Funded By The Company Is Higher Than 2% Of The Net Worth Stated In The Latest Financial Report

2020.03.30
1. Date of occurrence of the event:2020/03/30
2. Name of the company who receive the monetary loans, its relationship to the Company who extend the loans, ceiling amount on the monetary loans extended, amount of loans originally extended, amount of the current additional loans, whether or not the board of directors authorize the chairperson to give loans for the borrowing counterparty; total extended amount of loans and the reason for loans as of the date of occurrence of the event:
  (1) Name of the company who receive the monetary loans: Mitac Precision Developments Ltd.
  (2) Its relationship to the Company who extend the loans: TVL and MPD are 100% directly and indirectly owned subsidiary of parent company. 
  (3) Ceiling amount on the monetary loans extended: NT$770,516K
  (4) Amount of loans originally extended: NT$0K
  (5) Amount of the current additional loans: NT$510,634K
  (6) Whether or not the board of directors authorize the chairperson to give loans to the borrowing counterparty: Yes
  (7) The total extended amount of loans: NT$510,634K (8)The reason for loans as of the date of occurrence of the event: Support of its operating activities.
3. Content and value of collaterals provided by the loan recipient, if any: None.
4. Capital and Accumulated profit/loss of the loan recipient according to its latest financial report: Capital:NT$604,300K Accumulated profit: NT$38,387K
5. Method of calculation of interest:None.
6. Terms/conditions and date for repayment: Repayment schedule depends on the availability of funds.
7. The Company’s total amount of monetary loans extended as of the date of occurrence of the event:NT$5,868,149k
8. The ratio of the total amount of monetary loans extended to the Company’s net worth on its most recent financial statements as of the date of occurrence of the event:39.18%
9. Sources of funds to extend monetary loans to others:The subsidiary itself.
10. Any other matters that need to be specified:None.