Announcement on behalf of subsidiary Everest International (HK) Limited loans to others balance reaches over 20% of the Company net worth in latest FS
· Issued by Everest Textile Co., Ltd.
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Today's Information
Provided by: EVEREST TEXTILE CO.,LTD
SEQ_NO
1
Date of announcement
2022/01/27
Time of announcement
14:33:49
Subject
Announcement on behalf of subsidiary Everest
International (HK) Limited loans to others balance
reaches over 20% of the Company net worth in latest FS
Date of events
2022/01/27
To which item it meets
paragraph 23
Statement
1.Date of occurrence of the event:2022/01/27
2.The public company or its subsidiaries for which the amount of monetary
loans extended to others reaches 20 percent or more of the public company's
net worth on the latest financial statements, please specify name of funding
recipient, relationship with lender, lending limit (thousand NTD),
outstanding balance (thousand NTD) up to the date of occurrence and
the reason for lending up to the date of occurrence:
(1)Funding recipient name:Everest Apparel (Ethiopia) S.C.
(2)Relationship with lender:Fellow Subsidiary
(3)Lending limit (thousand NTD):1,342,681
(4)Outstanding balance (thousand NTD) up to the date of occurrence:511,402
(5)Reason for lending up to the date of occurrence:
Financing needs of Everest Apparel (Ethiopia) S.C.
3.The total amount of monetary loans extended to others as of the date of
occurrence:1,754,855
4.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:26.14
5.Sources of funds for the company to extend monetary loans to others:
Financial institutions
6.Any other matters that need to be specified:NA
