Asia Vital Components: AVCCN Board of Directors approved the new capital loan amounting to more than 2% of the company’s latest financial statement net worth.

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Declaration

1.Date of occurrence of the event:2022/04/06
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
Funding recipient name: Asia Vital Components (Shen Zhen) Co., Ltd.
Relationship with lender: AVCCN and AVCSZ are both 100% subsidiaries of AVC.
Lending limit (thousand NTD): 1,939,854
Starting outstanding balance (thousand NTD): 0
New loan (thousand NTD): 270,362
Is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorized by the board of directors to
allocate: Yes.
Outstanding balance (thousand NTD) up to the date of occurrence: 270,362
Reason for new loan : Working Capital
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):No.
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD): 642,719
5.Method of calculation of interest: Fixed interest rate of 3%, interest
 is paid together with the principal.
6.For repayment, the condition and the date:The principal is due in one lump
sum, and the loan may be repaid early by mutual agreement.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD): 2,037,989
8.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: 16.42%
9.Sources of funds for the company to extend monetary loans to others:
The subsidiary itself
10.Any other matters that need to be specified:On March 4, 2022, the Board
of Directors of AVCCN approved the loan of funds with a limit of
NTD2,318,260 thousand, and the balance of the original loan of funds was
NTD0. The new loan of funds was NTD266,338 thousand, and the balance of
the loan to AVCSZ after the new loan was NTD266,338 thousand. The above
disclosures are the latest values.
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