Richen-KY (Corrected) Announces Loan to Subsidiary under Article 22, Paragraph 1, Subparagraph 3 of Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies

AI Summary (NQ-processed)

Richen-KY has corrected its announcement regarding a loan to its subsidiary, Regal Jewelry Manufacture Co., Ltd., under Article 22, Paragraph 1, Subparagraph 3 of the Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies. The loan limit is TWD 329,057 thousand, with a new loan of TWD 60,000 thousand, bringing the outstanding balance to TWD 60,000 thousand. This loan is to meet the subsidiary's operational working capital needs, with interest based on local Thai bank lending rates, and principal and interest to be repaid within one year from the first drawdown date.