Yuan-Chiang: Company's Board of Directors Approves Loan to Subsidiary in Accordance with Article 22, Paragraph 1, Subparagraph 3 of the "Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies"
Yuan-Chiang announced an increase in its loan limit to its subsidiary, YC INOX TR Celik Sanayi ve Ticaret A.S. An additional NT$631.14 million has been approved, bringing the total to NT$946.71 million for operational funding.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:36 (1h 36m after Collected)
1. Date of occurrence of the event: 115/05/08
2. Recipient of the loan:
(1) Company name: YC INOX TR Celik Sanayi ve Ticaret A.S.
(2) Relationship with the company providing the loan: Our 100% owned subsidiary
(3) Loan limit (NT$ thousands): 1,920,086
(4) Original loan balance (NT$ thousands): 315,570
(5) New loan amount (NT$ thousands): 631,140
(6) Is this a loan facility authorized by the Board of Directors for the Chairman to disburse in installments or revolve for the same borrower: Yes
(7) Loan balance as of the date of occurrence (NT$ thousands): 946,710
(8) Reason for this new loan: Operational funding needs
3. Collateral provided by the recipient company:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Recipient company's most recent financial statements:
(1) Capital (NT$ thousands): 11,849,947
(2) Accumulated profit/loss (NT$ thousands): -2,901,314
5. Interest calculation method:
Based on the US dollar 3-month TAIFX03 +2% on the business day prior to the loan date, adjusted every 3 months, or other interest rates agreed upon by both parties.
6. Repayment:
(1) Conditions: The Chairman is authorized to disburse the loan in installments or revolve it when the subsidiary has actual needs, and agrees that the subsidiary may repay it in a lump sum or in installments, with principal and interest cleared together.
(2) Date: Repayment within one year from the date of the first actual disbursement.
7. Loan balance as of the date of occurrence (NT$ thousands): 946,710
8. Ratio of loan balance to the net worth of the public company's most recent financial statements as of the date of occurrence: 9.86%
9. Source of funds loaned by the company to others: Parent company
10. Other matters that need to be specified: None
Keywords: Material Information
2. Recipient of the loan:
(1) Company name: YC INOX TR Celik Sanayi ve Ticaret A.S.
(2) Relationship with the company providing the loan: Our 100% owned subsidiary
(3) Loan limit (NT$ thousands): 1,920,086
(4) Original loan balance (NT$ thousands): 315,570
(5) New loan amount (NT$ thousands): 631,140
(6) Is this a loan facility authorized by the Board of Directors for the Chairman to disburse in installments or revolve for the same borrower: Yes
(7) Loan balance as of the date of occurrence (NT$ thousands): 946,710
(8) Reason for this new loan: Operational funding needs
3. Collateral provided by the recipient company:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Recipient company's most recent financial statements:
(1) Capital (NT$ thousands): 11,849,947
(2) Accumulated profit/loss (NT$ thousands): -2,901,314
5. Interest calculation method:
Based on the US dollar 3-month TAIFX03 +2% on the business day prior to the loan date, adjusted every 3 months, or other interest rates agreed upon by both parties.
6. Repayment:
(1) Conditions: The Chairman is authorized to disburse the loan in installments or revolve it when the subsidiary has actual needs, and agrees that the subsidiary may repay it in a lump sum or in installments, with principal and interest cleared together.
(2) Date: Repayment within one year from the date of the first actual disbursement.
7. Loan balance as of the date of occurrence (NT$ thousands): 946,710
8. Ratio of loan balance to the net worth of the public company's most recent financial statements as of the date of occurrence: 9.86%
9. Source of funds loaned by the company to others: Parent company
10. Other matters that need to be specified: None
Keywords: Material Information