Fengyuan-KY Announces Its Major Subsidiary Enlong Industrial (Jiaxing) Co., Ltd. Acquires Usage Rights to Assets from Related Party
Fengyuan-KY reported that its subsidiary, Enlong Industrial (Jiaxing) Co., Ltd., has acquired usage rights to property located in Jiaxing City, China, from related party Cai Xiaolan. The lease agreement spans from June 1, 2026, to May 31, 2029, with annual rent of RMB 66,000, intended for employee and business traveler accommodation.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:23 (1h 23m after Collected)
1. Name and nature of the subject matter (e.g., land in XX district, XX section, XX sub-section, Taichung City):
Room 1-2502, Building 1, East Block, Wealth Plaza, No. 527 Zhongshan West Road, Xiuzhou District, Jiaxing City, Zhejiang Province
2. Date of occurrence: 115/5/12~115/5/12
3. Date of Board of Directors approval: May 12, Year 115 (ROC Calendar)
4. Date of other approvals: Not Applicable
5. Quantity of transaction units (e.g., XX sqm, equivalent to XX ping), price per unit, and total transaction amount:
189.69 square meters, equivalent to 57.38 ping
Annual rent of RMB 348 per square meter (equivalent to approximately NT$5,239/ping/year)
RMB 191,734 (equivalent to approximately NT$886,570)
6. Transaction counterparty and its relationship with the company (if the counterparty is an individual and not a related party, their name may be omitted):
Cai Xiaolan
Director of an important subsidiary of the company
7. If the transaction counterparty is a related party, the reasons for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of previous transfer, and the amount of transfer must also be announced:
Selected based on operational considerations and location.
Not Applicable
Not Applicable
8. If the owner of the subject matter has been a related party of the company within the last five years, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction must also be announced:
Not Applicable
9. Estimated profit (or loss) from disposal (not applicable for asset acquirers) (deferred items should be listed):
Not Applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
According to the lease agreement, the annual rent is RMB 66,000 (equivalent to approximately NT$305,181). The lease period is from June 1, Year 115 (ROC Calendar) to May 31, Year 118 (ROC Calendar).
11. Method of decision for this transaction (e.g., bidding, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Reference to surrounding market prices.
Board of Directors
12. Name of professional appraisal firm or company and its appraised amount:
Not Applicable
13. Name of professional appraiser:
Not Applicable
14. Certificate number of professional appraiser:
Not Applicable
15. Is the appraisal report limited price, specific price, or special price? No or Not Applicable
16. Has the appraisal report not yet been obtained? No or Not Applicable
17. Reason for not yet obtaining the appraisal report:
Not Applicable
18. If there is a significant difference in the appraisal results, the reason for the difference and the accountant's opinion:
Not Applicable
19. Name of accounting firm:
Not Applicable
20. Name of accountant:
Not Applicable
21. Certificate number of accountant:
Not Applicable
22. Broker and brokerage fee:
Not Applicable
23. Specific purpose or use of acquisition or disposal:
Accommodation for company employees and business travelers.
24. Opinion of dissenting directors regarding this transaction:
None
25. Is this transaction a related party transaction? Yes
26. Date of approval by supervisor or audit committee:
1. Year Month Day (ROC Calendar)
2. Not Applicable, please state reason
(Please add or delete text as appropriate)
27. This transaction involves the acquisition of real estate or usage rights from a related party: Yes
28. According to Article 16 of the 'Regulations Governing Asset Acquisition or Disposal by Public Companies', the assessed price: Not Applicable
29. If the assessed price in the previous paragraph is lower than the transaction price, the assessed price according to Article 17 of the same regulations: Not Applicable
30. Date of previous announcement of material information on the same matter: Not Applicable
31. Other matters to be noted:
None
Room 1-2502, Building 1, East Block, Wealth Plaza, No. 527 Zhongshan West Road, Xiuzhou District, Jiaxing City, Zhejiang Province
2. Date of occurrence: 115/5/12~115/5/12
3. Date of Board of Directors approval: May 12, Year 115 (ROC Calendar)
4. Date of other approvals: Not Applicable
5. Quantity of transaction units (e.g., XX sqm, equivalent to XX ping), price per unit, and total transaction amount:
189.69 square meters, equivalent to 57.38 ping
Annual rent of RMB 348 per square meter (equivalent to approximately NT$5,239/ping/year)
RMB 191,734 (equivalent to approximately NT$886,570)
6. Transaction counterparty and its relationship with the company (if the counterparty is an individual and not a related party, their name may be omitted):
Cai Xiaolan
Director of an important subsidiary of the company
7. If the transaction counterparty is a related party, the reasons for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of previous transfer, and the amount of transfer must also be announced:
Selected based on operational considerations and location.
Not Applicable
Not Applicable
8. If the owner of the subject matter has been a related party of the company within the last five years, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction must also be announced:
Not Applicable
9. Estimated profit (or loss) from disposal (not applicable for asset acquirers) (deferred items should be listed):
Not Applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
According to the lease agreement, the annual rent is RMB 66,000 (equivalent to approximately NT$305,181). The lease period is from June 1, Year 115 (ROC Calendar) to May 31, Year 118 (ROC Calendar).
11. Method of decision for this transaction (e.g., bidding, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Reference to surrounding market prices.
Board of Directors
12. Name of professional appraisal firm or company and its appraised amount:
Not Applicable
13. Name of professional appraiser:
Not Applicable
14. Certificate number of professional appraiser:
Not Applicable
15. Is the appraisal report limited price, specific price, or special price? No or Not Applicable
16. Has the appraisal report not yet been obtained? No or Not Applicable
17. Reason for not yet obtaining the appraisal report:
Not Applicable
18. If there is a significant difference in the appraisal results, the reason for the difference and the accountant's opinion:
Not Applicable
19. Name of accounting firm:
Not Applicable
20. Name of accountant:
Not Applicable
21. Certificate number of accountant:
Not Applicable
22. Broker and brokerage fee:
Not Applicable
23. Specific purpose or use of acquisition or disposal:
Accommodation for company employees and business travelers.
24. Opinion of dissenting directors regarding this transaction:
None
25. Is this transaction a related party transaction? Yes
26. Date of approval by supervisor or audit committee:
1. Year Month Day (ROC Calendar)
2. Not Applicable, please state reason
(Please add or delete text as appropriate)
27. This transaction involves the acquisition of real estate or usage rights from a related party: Yes
28. According to Article 16 of the 'Regulations Governing Asset Acquisition or Disposal by Public Companies', the assessed price: Not Applicable
29. If the assessed price in the previous paragraph is lower than the transaction price, the assessed price according to Article 17 of the same regulations: Not Applicable
30. Date of previous announcement of material information on the same matter: Not Applicable
31. Other matters to be noted:
None