Subsidiary Loan Disclosed Under Public Companies Lending Rules Article 22(1)(3)
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 第一項第三款公告資金貸與事項
Summary
GlobalWafers announced on behalf of a subsidiary a loan of funds disclosed pursuant to Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies. This is a routine intra-group financing disclosure required by Taiwan's FSC; specific borrower, amount, and terms are in the MOPS filing. Full body available on MOPS.
Full Translation
On behalf of a subsidiary, announcement of a loan of funds matter pursuant to Article 22, Paragraph 1, Subparagraph 3 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies. This provision requires public companies to publicly disclose, on the date of occurrence, loans of funds made by the company or its subsidiaries that meet specified thresholds (typically when the cumulative balance reaches a certain percentage of net worth or a single loan reaches a defined size). Such disclosures are a standard governance requirement in Taiwan and most commonly cover working-capital support extended between a parent and its consolidated subsidiaries. [Body not available — subject line only. See MOPS for full announcement.]