[CTCI] Announcement by our subsidiary CTCI Overseas (BVI) Corporation regarding additional loan to a publicly issued company, meeting the standards of Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies
Key facts
- [CTCI] Announcement by our subsidiary CTCI Overseas (BVI) Corporation regarding additional loan to a publicly issued company, meeting the standards of Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies
- CTCI Overseas (BVI) Corporation, a subsidiary of CTCI, resolved at its board meeting on June 11, 2026, to provide an additional short-term loan of USD 15,000 thousand (approximately TWD 471,000 thousand) to its affiliate, CIPEC Trading, Inc. This action meets the disclosure standards set forth in Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies.
- Source: PR Times
- Date: June 11, 2026
Direct answer
CTCI Overseas (BVI) Corporation, a subsidiary of CTCI, resolved at its board meeting on June 11, 2026, to provide an additional short-term loan of USD 15,000 thousand (approximately TWD 471,000 thousand) to its affiliate, CIPEC Trading, Inc. This action meets the disclosure standards set forth in Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies.
- Citation
- [CTCI] Announcement by our subsidiary CTCI Overseas (BVI) Corporation regarding additional loan to a publicly issued company, meeting the standards of Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies (June 11, 2026), PR Times
- Source
- PR Times
- Date
- June 11, 2026
CTCI Overseas (BVI) Corporation, a subsidiary of CTCI, resolved at its board meeting on June 11, 2026, to provide an additional short-term loan of USD 15,000 thousand (approximately TWD 471,000 thousand) to its affiliate, CIPEC Trading, Inc. This action meets the disclosure standards set forth in Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies.
📋 Article Processing Timeline
- 📰 Published: June 11, 2026 at 09:00
- 🔍 Collected: June 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (9h 53m after Collected)
2. Recipient of loan:
(1) Company Name: CIPEC Trading, Inc.
(2) Relationship with the lending company:
Affiliated Enterprise
(3) Loan limit (in thousands of NTD): 2,722,913
(4) Original outstanding loan balance (in thousands of NTD): 0
(5) Amount of new loan (in thousands of NTD): 471,000
(6) Is this a loan authorized by the board of directors for phased disbursement or revolving use to the same borrower? No
(7) Outstanding loan balance as of the date of occurrence (in thousands of NTD): 471,000
(8) Reason for the new loan:
Necessity for short-term fund accommodation
3. Collateral provided by the borrowing company:
(1) Content:
None
(2) Value (in thousands of NTD): 0
4. Latest financial statements of the borrowing company:
(1) Capital (in thousands of NTD): 66,705
(2) Accumulated profit/loss (in thousands of NTD): -403,195
5. Interest calculation method:
Calculated upon maturity as per contract provisions
6. Repayment:
(1) Conditions:
Non-revolving use as per contract provisions, not to exceed the contract maturity date
(2) Date:
Prior to the maturity date of the loan agreement
7. Outstanding loan balance as of the date of occurrence (in thousands of NTD):
12,650,095
8. Ratio of outstanding loan balance as of the date of occurrence to the net worth in the latest financial statements of the publicly issued company:
60.93
9. Source of funds loaned by the company:
Subsidiary itself
10. Other matters to be stated:
CTCI Overseas (BVI) Corporation resolved at its board meeting on 115.6.11 to provide a non-revolving credit line of USD 15,000 thousand to CIPEC Trading, Inc., with a term from 115.6.11 to 116.6.10, reaching the standard for public announcement under Article 22, Paragraph 1, Item 3 of the Regulations Governing Loaning of Funds and Endorsement/Guarantee for Publicly Issued Companies.
Keywords: Material Information
FAQ
What was the purpose of this loan?
The loan was provided to meet the short-term funding needs of CIPEC Trading, Inc., an affiliated company.
Is this loan related to disclosure obligations as a public company?
Yes, as the loan amount exceeded certain thresholds, it was publicly announced in accordance with disclosure regulations for publicly issued companies.
What kind of company is CIPEC Trading, Inc., the borrower?
CIPEC Trading, Inc. is an affiliated company of CTCI Overseas (BVI) Corporation, a subsidiary of the CTCI Group.
When will the loaned funds be repaid?
Repayment conditions are based on the contract, and the funds are expected to be repaid in a non-revolving manner by the maturity date.
What impact does this loan have on the overall finances of the CTCI Group?
It facilitates short-term cash flow within the group and helps maintain financial flexibility, with a limited overall impact expected.