FINTEC

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PROVISION OF FINANCIAL ASSISTANCE

FINTEC GLOBAL BERHAD

Type

Announcement

Subject

PROVISION OF FINANCIAL ASSISTANCE

Description

FINTEC GLOBAL BERHAD ["FINTEC" or "the Company"]
- QUARTERLY DISCLOSURE PURSUANT TO RULE 8.25(2)(e) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Rule 8.25(2)(e) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of FINTEC wishes to announce the aggregate amount of financial assistance provided by its wholly-owned subsidiary, Fintec Capital Sdn. Bhd. (“FC”), a moneylending company, pursuant to its ordinary course of business for the quarter ended 31 March 2023 as set out below:-

1. The aggregate amount of outstanding loans as at 31 March 2023 given out by FC are as follows:-

Category of Loan Debtors	Secured	Unsecured	Total
Category of Loan Debtors	RM’000	RM’000	RM’000
Corporations	-	-	-
Individuals	-	3,388	3,388
Corporations within FINTEC and its subsidiaries (“the Group”)	-	-	-
Related Parties	-	-	-
Total	-	3,388	3,388

2. The total borrowings as at 31 March 2023 are as follows:-

	RM’000
Loans given by any corporation within the Group to FC	2,938
Borrowings which are secured by any corporation within the Group in favour of FC	-
Other borrowings	-
Total	2,938

3. The aggregate amount of Loans in default as at 31 March 2023 are as follows:-

	RM’000
At the beginning of the financial year	3,200
Classified as Loans in default during the financial year	188
Reclassified as performing during the financial year	-
Amount recovered	-
Amount written off	-
Loans converted to securities	-
Total and net Loans in default at the end of the financial year	3,388
Ratio of net Loans in default to net Loans or advances	1

4. The top 5 Loans (with aggregation of Loans given to the same person or persons connected with each other), setting out (where applicable) as follows:-

	1	2	3
Facility type	Unsecured	Unsecured	Unsecured
Limit (RM’000)	Not applicable	Not applicable	Not applicable
Amount outstanding (RM’000)	418	1,485	1,485
Security provided	None	None	None
Value of security (RM’000)	Not applicable	Not applicable	Not applicable
Recipient of loan (related or non-related party)	Non-related party	Non-related party	Non-related party
Terms of repayment (months)	3	3	3

This announcement is dated 10 April 2023.

Announcement Info

Company Name	FINTEC GLOBAL BERHAD
Stock Name	FINTEC
Date Announced	10 Apr 2023
Category	General Announcement for PLC
Reference Number	GA1-05042023-00019

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