[Tong Hsing Electronic] Announcement of the company's board of directors' resolution to increase capital for its subsidiary TONG HSING ELECTRONICS PHILS. INC.
Tong Hsing Electronic's board of directors resolved on April 14, 2026, to increase the capital of its wholly-owned subsidiary, TONG HSING ELECTRONICS PHILS. INC., by up to USD 24,000 thousand. This capital increase aims to support the subsidiary's future operational expansion and factory enlargement plans. The funds will be injected in installments based on the subsidiary's financial needs.
📋 Article Processing Timeline
- 📰 Published: April 14, 2026 at 09:00
- 🔍 Collected: April 15, 2026 at 11:00 (26h 0m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 12:17 (1h 17m after Collected)
1. Name and nature of the subject matter (for preferred shares, the agreed terms of issuance, such as dividend rate, should also be specified):
Name of the subject matter: Equity of TONG HSING ELECTRONICS PHILS. INC.
2. Date of occurrence of the event: 2026/4/14~2026/4/14
3. Date of board approval: April 14, 2026
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Total capital increase amount: Up to USD 24,000 thousand
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
TONG HSING ELECTRONICS PHILS. INC. is a 100% owned subsidiary of the company.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and the transfer amount should also be announced: Not applicable
8. If the ownership of the transaction target has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction should also be announced: Not applicable
9. Matters related to the disposal of claims (including the type of collateral attached to the claims, if the claims are against a related party, the name of the related party and the book value of the claims against that related party should also be announced): Not applicable
10. Disposal profit (or loss) (not applicable to acquisition of securities) (for deferred items, the recognition status should be listed and explained): Not applicable
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements: Capital injection in installments based on subsidiary's funding needs
12. Method of determining this transaction, reference basis for price determination, and decision-making unit: Resolution of the company's board of directors
13. Net asset value per share of the target company for acquisition or disposal of securities: NT$65.45
14. As of now, the cumulative quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transaction's securities (including this transaction):
(1) Cumulative investment amount: USD 76,698 thousand
(2) Shareholding ratio: 100%
(3) Restricted rights: None
15. As of now, the proportion of investment in securities listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' (including this transaction) to the company's total assets and equity attributable to owners of the parent in the most recent financial report, and the amount of working capital in the most recent financial report (Note 2):
Proportion of total assets: 7.15%
Proportion of equity attributable to owners of the parent: 9.14%
Working capital amount: NT$6,396,057 thousand
16. Broker and brokerage fees: None
17. Specific purpose or use of acquisition or disposal: To meet the subsidiary's future operational expansion and factory enlargement plans
18. Opinions of dissenting directors on this transaction: None
19. Is this transaction a related party transaction: Yes
20. Date of approval by supervisors or audit committee: April 14, 2026
21. Accountant's opinion on this transaction is not reasonable: Not applicable
22. Name of accounting firm: Not applicable
23. Name of accountant: Not applicable
24. Accountant's license number: Not applicable
25. Does it involve a change in business model: No
26. Explanation of business model change: Not applicable
27. Transaction status with the counterparty in the past year and expected next year: Not applicable
28. Source of funds: Not applicable
29. Date of previous major announcement regarding the same event: Not applicable
30. Other matters to be specified: The company's board of directors resolved to increase capital for its subsidiary TONG HSING ELECTRONICS PHILS. INC. by USD 24,000 thousand, authorizing the chairman to proceed with capital increases and related investment operations in installments within the approved amount based on actual needs.
Name of the subject matter: Equity of TONG HSING ELECTRONICS PHILS. INC.
2. Date of occurrence of the event: 2026/4/14~2026/4/14
3. Date of board approval: April 14, 2026
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Total capital increase amount: Up to USD 24,000 thousand
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
TONG HSING ELECTRONICS PHILS. INC. is a 100% owned subsidiary of the company.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and the transfer amount should also be announced: Not applicable
8. If the ownership of the transaction target has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction should also be announced: Not applicable
9. Matters related to the disposal of claims (including the type of collateral attached to the claims, if the claims are against a related party, the name of the related party and the book value of the claims against that related party should also be announced): Not applicable
10. Disposal profit (or loss) (not applicable to acquisition of securities) (for deferred items, the recognition status should be listed and explained): Not applicable
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements: Capital injection in installments based on subsidiary's funding needs
12. Method of determining this transaction, reference basis for price determination, and decision-making unit: Resolution of the company's board of directors
13. Net asset value per share of the target company for acquisition or disposal of securities: NT$65.45
14. As of now, the cumulative quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transaction's securities (including this transaction):
(1) Cumulative investment amount: USD 76,698 thousand
(2) Shareholding ratio: 100%
(3) Restricted rights: None
15. As of now, the proportion of investment in securities listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' (including this transaction) to the company's total assets and equity attributable to owners of the parent in the most recent financial report, and the amount of working capital in the most recent financial report (Note 2):
Proportion of total assets: 7.15%
Proportion of equity attributable to owners of the parent: 9.14%
Working capital amount: NT$6,396,057 thousand
16. Broker and brokerage fees: None
17. Specific purpose or use of acquisition or disposal: To meet the subsidiary's future operational expansion and factory enlargement plans
18. Opinions of dissenting directors on this transaction: None
19. Is this transaction a related party transaction: Yes
20. Date of approval by supervisors or audit committee: April 14, 2026
21. Accountant's opinion on this transaction is not reasonable: Not applicable
22. Name of accounting firm: Not applicable
23. Name of accountant: Not applicable
24. Accountant's license number: Not applicable
25. Does it involve a change in business model: No
26. Explanation of business model change: Not applicable
27. Transaction status with the counterparty in the past year and expected next year: Not applicable
28. Source of funds: Not applicable
29. Date of previous major announcement regarding the same event: Not applicable
30. Other matters to be specified: The company's board of directors resolved to increase capital for its subsidiary TONG HSING ELECTRONICS PHILS. INC. by USD 24,000 thousand, authorizing the chairman to proceed with capital increases and related investment operations in installments within the approved amount based on actual needs.