Announcement of additional investmentof US$1.2M to Zentry Security Inc. ("Zentry") under Array Networks Inc. (Cayman), and loan to Zentry decrease to US$3.3M
· Issued by Array, Inc.
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Today's Information
Provided by: Array Inc.
SEQ_NO
6
Date of announcement
2022/06/10
Time of announcement
21:52:59
Subject
Announcement of additional investmentof US$1.2M
to Zentry Security Inc. ("Zentry") under Array Networks
Inc. (Cayman), and loan to Zentry decrease to US$3.3M
Date of events
2022/06/10
To which item it meets
paragraph 53
Statement
1.Date of occurrence of the event:2022/06/10
2.Company name:Array Networks Inc. (Array Cayman)
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Subsidiary
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
一、The Board of Directors has passed USD4.5M Convertible loan to
Zentry on November 11.2021, March 15, 2022 and May 12,2022.
二、Up to now, Zentry's actual borrowed amount is USD1.2M. The Board
of directors of the Company has resolved to convert the borrowed
US$1.2M as capital to Zentry under Array Networks Inc. (Cayman).
The cumulative total investment in Zentry is US$11.2M after
conversion. And, the convertible loan to Zentry under Array
Networks Inc. (Cayman) will be decrease from US$4.5M to US$3.3M.
6.Countermeasures:None
7.Any other matters that need to be specified:None
