Froch Enterprise Co., Ltd.TWSE: 2030

Board of Directors Approved the Extension of the Matured Endorsement for the Subsidiary Company- CENTURY NOVA CO., LTD.

· Issued by Froch Enterprise Co., Ltd.
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Provided by: FROCH ENTERPRISE CO., LTD.
SEQ_NO 7 Date of announcement 2022/03/17 Time of announcement 16:56:38
Subject
 FROCH Board of Directors Approved the Extension of
the Matured Endorsement for the Subsidiary Company-
CENTURY NOVA CO., LTD.
Date of events 2022/03/17 To which item it meets paragraph 22
Statement
1.Date of occurrence of the event:2022/03/17
2.For the company for whom the endorsements/guarantees were made, please
specify name of endorsed/guaranteed company, its relationship with
the Company providing endorsements/guarantees, the ceiling on the
endorsements/guarantees (thousand NTD), the original amount of
endorsements/guarantees (thousand NTD), the amount of the current additional
endorsements/guarantees (thousand NTD), the amount of
endorsements/guarantees as of the date of occurrence (thousand NTD), the
actual loaned amount of the company for whom endorsements/guarantees were
made (thousand NTD), and the reason for the current additional
endorsements/guarantees:
(1)Company Name: CENTURY NOVA STEEL CO., LTD.
(2)For the company for whom the endorsements/guarantees were made,
pleasespecify name of endorsed/guaranteed company, its relationship
withthe Company providing endorsements/guarantees
FROCH Invested Indirectly through Third Country to China and Holds
100% Ownership.
(3)the ceiling on the endorsements/guarantees (thousand NTD):
2,378,328
(4)the original amount of endorsements/guarantees (thousand NTD):
1,149,025
(5)the amount of the current additional endorsements/guarantees
(thousand NTD):0
(6)the amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):1,149,025
(7)the actual loaned amount of the company for whom endorsements
/guarantees were made (thousand NTD):896,800
(8)the reason for the current additional endorsements/guarantees:
The Short Term Loan from the Bank is Due and Extends for One Year.
3.For collaterals provided by the company for whom the
endorsements/guarantees were made, the content and the value (thousand NTD):
(1)Contents: None
(2)Value (thousand NTD):0
4.For the latest financial statements of the company for whom the
endorsements/guarantees were made, the Capital (thousand NTD) and Cumulative
gains/losses (thousand NTD):
(1)Paid-in Capital (thousand NTD):2,195,195
(2)Cumulative Gains/Losses (thousand NTD):241,976
5.For termination of endorsement/guarantee obligations, the condition and
the date:
(1)Conditions: None
(2)Date: None
6.The total amount of the ceiling on endorsements/guarantees (thousand NTD):
2,378,328
7.The total amount of endorsements/guarantees as of the date of occurrence
(thousand NTD):1,149,025
8.The amount of endorsements/guarantees as a percentage of the
public company's net worth on the latest financial report as of the date of
occurrence:0.23
9.The aggregate amount of equity method investments,
endorsements/guarantees, and monetary loans extended to others as a
percentage of the public company's net worth on the latest financial
statements:0.76
10.Any other matters that need to be specified:
The Amount above (thousand NTD) Is Converted with the Average Exchange
Rate Published by Bank of Taiwan on the End of February 2022.
1USD=28.025NTD; 1RMB=6.3222NTD

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