Date: Feb. 05, 2024
To facilitate the distribution of the assets under the bankruptcy estate of TransAsia Airways Corporation (hereinafter referred to as the “Bankruptcy Estate”), the creditors of such Bankruptcy Estate (hereinafter individually referred to as “Creditor” and collectively as “Creditors”) are hereby notified and requested to each provide the trustees of the Bankruptcy Estate (hereinafter referred to as the “Trustees”), in writing, with the information and relevant documents on your designated account with a financial institute that is able to receive remittance funds.
1、On December 25th 2023, Taiwan Shilin District Court (hereinafter called the “Court”) recognized, by issuing a ruling with the reference number 107 Zhi-Po-Zi No. 8 as attached hereto in Appendix 1), the first distribution table of the Bankruptcy Estate prepared and submitted by the Trustees. Since no objection had been raised against such ruling within the prescribed period of time, the Court therefore instructed the Trustees to implement the first distribution in accordance with the applicable distribution table , as stated in the letter dated January 25th 2024 attached hereto in Appendix 2.
2、In order to carry out the first distribution of the Bankruptcy Estate in the ratio and manner as indicated in the aforesaid distribution table, each Creditor is hereby requested to designate to the Trustees in writing (including e-mails) no later than March 5th 2024 (Taipei time), for receiving the distribution payments, a personal account with a financial institute that is able to receive remittance funds, the beneficiary name of which account shall be identical to the name of Creditor as listed in the distribution table. In the case that there is any inconsistence in the names due to merger or acquisition, change of name, sole proprietorship etc., a written explanation is required. Creditors shall also submit to the Trustees a photocopy of the passbook cover page of such designated account or other evidencing documents provided by the relevant financial institution which show the required information of such account (Contact information of the Trustees: office at 11th floor, No. 164, Fuxing North Road, Zhongshan Dist., Taipei City 10487, Taiwan; e-mail: kyo@viajustice.com.tw ).
3、With a view to performing their duties and obligations with respect to the Bankruptcy Estate, the Trustees are collecting the aforesaid personally-identifiable financial information of Creditors solely for the purpose of distributing the assets in trust. All such information collected will be processed and used pursuant to the Personal Data Protection Act and other applicable laws and regulations within the time period and territory necessary for these bankruptcy proceedings. Such Creditors, being data subjects, may exercise the rights in regard of his/her personal data as provided for in Article 3 of Personal Data Protection Act (see Appendix 3). Creditors are free to choose whether or not to provide the requested personal information; however, if Creditors refuse to provide such information, the Trustees will not be able to carry out the distribution process in connection with the claims of such Creditors.
4、In the event that any Creditor fails to designate an account for receiving distribution payments and/or to provide the evidencing documents satisfactory to the Trustees by March 5th 2024 (Taipei time), the Trustees will then lodge accordingly the respective distribution amount of such Creditor with the Public Lodgment Office of the Court. Once the lodgment is made, Creditors need to file an application with the Court on their own for collection of such lodged payments. Please take close note of such expiry date.
Bankruptcy Trustee, Yueh-Lin Lee, attorney-at-law
Bankruptcy Trustee, Li-Chen Lai, certified public accountant
Appendix 1: 107 Zhi-Po-Zi No. 8 Ruling
Appendix 2: January 25th 2024 Taiwan Shilin District Court
Letter.
Appendix 3: Article 3 of Personal Data Protection Act
