Subsidiary Endorsements/Guarantees Disclosure Under Article 22 of Lending & Guarantee Rules
Original: 代子公司依公開發行公司資金貸與及背書保證處理準則 第二十二條第一項第二款、第三款公告
Summary
MediaTek disclosed on behalf of a subsidiary an endorsement/guarantee matter under Article 22, Paragraph 1, Items 2 and 3 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies. This is a routine regulatory disclosure typically triggered when intra-group endorsement/guarantee amounts cross specified thresholds. Full body available on MOPS.
Full Translation
Announcement on behalf of subsidiary pursuant to Article 22, Paragraph 1, Items 2 and 3 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies. Article 22 requires public companies to publicly disclose endorsement/guarantee activity by themselves or their subsidiaries when certain thresholds are met — Item 2 typically covers cases where the aggregate balance of endorsements/guarantees reaches 50% of the company's net worth or a single counterparty's balance reaches 20%, and Item 3 covers newly added endorsements/guarantees of NT$30 million or more where the balance reaches 5% of net worth. [Body not available — subject line only. See MOPS for full announcement.]