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 SECTION 3.0 OF GUIDANCE NOTE 4 OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Pursuant to Section 3.0 of Guidance Note 4 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 December 2023 is set out below:-

1. The aggregate amount of outstanding loans as at 31 December 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	521	-	521
Individuals	-	775	775
Corporations within FINTEC and its subsidiaries (“the Group”)	-	-	-
Related Parties	-	-	-
Total	521	775	1,296

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

	RM’000
Loans given by any corporation within the Group to FC	1,113
Borrowings which are secured by any corporation within the Group in favour of FC	-
Other borrowings	-
Total	1,113

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

	RM’000
At the beginning of the financial year	-
Classified as Loans in default during the financial year	-
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	-
Ratio of net Loans in default to net Loans or advances	-

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	Secured	Unsecured	Unsecured
Limit (RM’000)	Not applicable	Not applicable	Not applicable
Amount outstanding (RM’000)	521	482	293
Security provided	Machinery	None	None
Value of security (RM’000)	592	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)	6	3	3

This announcement is dated 28 February 2024.

Announcement Info

Company Name	FINTEC GLOBAL BERHAD
Stock Name	FINTEC
Date Announced	28 Feb 2024
Category	General Announcement for PLC
Reference Number	GA1-26022024-00057

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