Shanghai Millionaire Industrial Co., Ltd. - KY Announces Guarantee in Accordance with Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies
Shanghai Millionaire Industrial Co., Ltd. - KY announced on May 13, 2026, its provision of endorsements and guarantees for its wholly-owned subsidiary, Shayne International Holdings Limited, for bank financing, in compliance with relevant regulations. The announcement details the endorsement limits, balances, and impact on financial ratios.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 09:28 (1h 27m after Collected)
1. Date of occurrence of the event: 2026/05/13
2. Endorsed/guaranteed party:
(1) Company name: Shayne International Holdings Limited
(2) Relationship with the company providing endorsements/guarantees: A 100% owned subsidiary of the company
(3) Limit for endorsements/guarantees (in thousands of NTD): 3,079,246
(4) Original balance of endorsements/guarantees (in thousands of NTD): 630,800
(5) Amount of new endorsements/guarantees (in thousands of NTD): 315,400
(6) Balance of endorsements/guarantees as of the date of occurrence (in thousands of NTD): 946,200
(7) Actual amount utilized by the endorsed/guaranteed company (in thousands of NTD): 0
(8) Reason for the new endorsements/guarantees: The company acts as a guarantor for its subsidiary's financing transactions with banks.
3. Collateral provided by the endorsed/guaranteed company:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Latest financial statements of the endorsed/guaranteed company:
(1) Capital (in thousands of NTD): 851,848
(2) Accumulated profit/loss (in thousands of NTD): 2,120,914
5. Conditions for lifting endorsement/guarantee liability:
(1) Conditions: Changes in the lending bank's terms or non-renewal upon expiration
(2) Date: Contract expiration date
6. Total limit for endorsements/guarantees (in thousands of NTD): 6,158,492
7. Balance of endorsements/guarantees as of the date of occurrence (in thousands of NTD): 1,238,877
8. Ratio of endorsement/guarantee balance to the public company's latest financial statement net worth as of the date of occurrence: 40.23%
9. Ratio of the sum of endorsements/guarantees, long-term investments, and loans to the public company's latest financial statement net worth as of the date of occurrence: 50.91%
10. Other matters that should be specified:
The new endorsement/guarantee is for US$10 million, and the old agreement has not yet expired. The board of directors convened in advance to approve the endorsement/guarantee, resulting in a duplicate calculation of the endorsement/guarantee limit.
2. Endorsed/guaranteed party:
(1) Company name: Shayne International Holdings Limited
(2) Relationship with the company providing endorsements/guarantees: A 100% owned subsidiary of the company
(3) Limit for endorsements/guarantees (in thousands of NTD): 3,079,246
(4) Original balance of endorsements/guarantees (in thousands of NTD): 630,800
(5) Amount of new endorsements/guarantees (in thousands of NTD): 315,400
(6) Balance of endorsements/guarantees as of the date of occurrence (in thousands of NTD): 946,200
(7) Actual amount utilized by the endorsed/guaranteed company (in thousands of NTD): 0
(8) Reason for the new endorsements/guarantees: The company acts as a guarantor for its subsidiary's financing transactions with banks.
3. Collateral provided by the endorsed/guaranteed company:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Latest financial statements of the endorsed/guaranteed company:
(1) Capital (in thousands of NTD): 851,848
(2) Accumulated profit/loss (in thousands of NTD): 2,120,914
5. Conditions for lifting endorsement/guarantee liability:
(1) Conditions: Changes in the lending bank's terms or non-renewal upon expiration
(2) Date: Contract expiration date
6. Total limit for endorsements/guarantees (in thousands of NTD): 6,158,492
7. Balance of endorsements/guarantees as of the date of occurrence (in thousands of NTD): 1,238,877
8. Ratio of endorsement/guarantee balance to the public company's latest financial statement net worth as of the date of occurrence: 40.23%
9. Ratio of the sum of endorsements/guarantees, long-term investments, and loans to the public company's latest financial statement net worth as of the date of occurrence: 50.91%
10. Other matters that should be specified:
The new endorsement/guarantee is for US$10 million, and the old agreement has not yet expired. The board of directors convened in advance to approve the endorsement/guarantee, resulting in a duplicate calculation of the endorsement/guarantee limit.