Announcement of Board resolution the Convertible loan of US$1.5M to the Subsidiary – ZENTRY SECURITY INC. under Array Networks Inc. (Cayman)
· Issued by Array, Inc.
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Today's Information
Provided by: Array Inc.
SEQ_NO
8
Date of announcement
2022/03/16
Time of announcement
18:08:30
Subject
Announcement of Board resolution the Convertible
loan of US$1.5M to the Subsidiary - ZENTRY SECURITY INC.
under Array Networks Inc. (Cayman)
Date of events
2022/03/16
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/03/16
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: ZENTRY SECURITY INC.
(2)Relationship with lender: 99.97% owned subsidiary of the Company
(3)Lending limit (thousand NTD): NT$159,718
(4)Starting outstanding balance (thousand NTD): NT$42,930
(5)New loan (thousand NTD): NT$42,930
(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: NT$85,860
(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)Content: None
(2)Value (thousand NTD):0
4.For the latest financial reports of the loan recipient, the
(1)Capital (thousand NTD)(2)Cumulative gains/losses
(thousand NTD):
(1)Capital (thousand NTD):NT$276,800
(2)Cumulative gains/losses (thousand NTD):-NT$128,630
5.Method of calculation of interest:
Defined by mutual parties, can be adjusted as needed according to requirement
6.For repayment, the(1)Condition(2)Date:
(1)Condition: 1 year; early repayment allowed
(2)Date: By March 15, 2023
7.The amount of monetary loans extended to others as
of the date of occurrence (thousand NTD):NT$85,860
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:20.80
9.Sources of funds for the company to extend monetary
loans to others:Self funding
10.Any other matters that need to be specified:None
