1. Date of Event: 115/08/06

2. Recipient of Fund Lending: (1) Company Name: Liaoning Hetai Automotive Components Co., Ltd. (2) Relationship with Lending Company: Subsidiary in which the Company holds 73.89% (3) Fund Lending Limit (in thousands): 413,030 (4) Previous Outstanding Balance (in thousands): 96,160 (5) Amount of New Fund Lending (in thousands): 57,696 (6) Whether authorized by the Board of Directors for the Chairman to disburse funds multiple times or cyclically to the same recipient: Yes (7) Outstanding Balance as of Event Date (in thousands): 153,856 (8) Reason for New Fund Lending: Borrowing new funds to repay old debts

3. Collateral Provided by Recipient: (1) Description: None (2) Value (in thousands): 0

4. Latest Financial Statement of Recipient: (1) Capital (in thousands): 355,491 (2) Accumulated Profit/Loss (in thousands): -67,264

5. Interest Calculation Method: Monthly interest calculation

6. Repayment Terms: (1) Conditions: Lump-sum repayment upon maturity; early repayment allowed with one-day prior notice to lender (2) Date: One year from actual disbursement date

7. Total Outstanding Fund Lending Balance as of Event Date (in thousands): 471,357

8. Ratio of Outstanding Fund Lending to Parent Company's Latest Net Equity: 11.41%

9. Source of Funds Lent by Company: Parent Company

10. Other Matters to be Disclosed: None

FACT BOX

  • Source: PR Times
  • Category: News
  • Dates in source: 115/08/06