The Board of Directors has approved a resolution for a non-guaranteed commercial paper ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject：The Board of Directors has approved a resolution for a non-guaranteed commercial paper
To which item it meets：paragraph 10
Date of events：2020/10/28

Statement：

1. Date of occurrence of the event:2020/09/29 Date of occurrence of the event:2020/10/28
2. Counterparty to the contract or commitment: International Bills Finance Corporation(hereinafter referred to as ”IBFC”)
3. Relationship with the Company:none
4. Starting and ending dates (or rescission date) of the contract or commitment:The Agreement shall remain in effect for a period of three years.
5. Major content (not applicable where rescinded):To increase the Company's working capital, the Company proposed to issue a three-year non-guaranteed commercial paper with a total amount of NT$ 500 million. IBFC shall handle all matters relating to this project.
6. Restrictive covenants (not applicable where rescinded):none
7. Commitment (not applicable where rescinded):none
8. Any other important agreement (not applicable where rescinded):none
9. Effect on company finances and business (not applicable where rescinded): To obtain the working capital and improve the financial structure.
10. Concrete purpose/objective (not applicable where rescinded): To obtain working capital and enhance the financial flexibility.
11. Any other matters that need to be specified:
    • Each issuance period is in the 90-day bracket, which can be extended after IBFC's approval.
    • The terms of the Agreement shall become effective after the approval of IBFC's Board of Directors.