[Guangyu] Notice of significant subsidiary Honghuasheng Precision Electronics (Yantai) Co., Ltd. providing a loan to another party exceeding 2% of the parent company's net worth.
Guangyu Technology announced that its important subsidiary, Honghuasheng Precision Electronics (Yantai), has provided a loan of 322.1 million TWD to Wuhu Ruichang Electrical System, a 100% owned subsidiary of the parent company, to support its operational working capital for a period of six months.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 08:06 (6 min after Collected)
1. Date of occurrence: 2026/05/19
2. Counterparty of the loan:
(1) Name: Wuhu Ruichang Electrical System Co., Ltd.
(2) Relationship with the lender: 100% owned subsidiary of the parent company
(3) Limit of the loan (in thousands): 7,864,348
(4) Original balance of the loan (in thousands): 552,180
(5) Newly increased amount of the loan (in thousands): 322,105
(6) Is this a loan authorized by the board for multiple installments or revolving use: No
(7) Outstanding balance as of the date of occurrence (in thousands): 874,285
(8) Reason for the new loan: Working capital requirements of the affiliated company
3. Collateral provided by the borrower:
(1) Content: None
(2) Value (in thousands): 0
4. Financial status of the borrower (latest financial statements):
(1) Capital (in thousands): 358,888
(2) Accumulated profit/loss (in thousands): -54,278
5. Interest calculation method: Based on the company's borrowing interest rate level
6. Repayment conditions:
(1) Conditions: Repayment at maturity
(2) Date: Loan duration of six months
7. Outstanding balance as of the date of occurrence (in thousands): 874,285
8. Ratio of the outstanding balance to the parent company's net worth in the latest financial statements: 5.82%
9. Source of funding for the loan: Subsidiary's internal funds
10. Other disclosure matters: None
2. Counterparty of the loan:
(1) Name: Wuhu Ruichang Electrical System Co., Ltd.
(2) Relationship with the lender: 100% owned subsidiary of the parent company
(3) Limit of the loan (in thousands): 7,864,348
(4) Original balance of the loan (in thousands): 552,180
(5) Newly increased amount of the loan (in thousands): 322,105
(6) Is this a loan authorized by the board for multiple installments or revolving use: No
(7) Outstanding balance as of the date of occurrence (in thousands): 874,285
(8) Reason for the new loan: Working capital requirements of the affiliated company
3. Collateral provided by the borrower:
(1) Content: None
(2) Value (in thousands): 0
4. Financial status of the borrower (latest financial statements):
(1) Capital (in thousands): 358,888
(2) Accumulated profit/loss (in thousands): -54,278
5. Interest calculation method: Based on the company's borrowing interest rate level
6. Repayment conditions:
(1) Conditions: Repayment at maturity
(2) Date: Loan duration of six months
7. Outstanding balance as of the date of occurrence (in thousands): 874,285
8. Ratio of the outstanding balance to the parent company's net worth in the latest financial statements: 5.82%
9. Source of funding for the loan: Subsidiary's internal funds
10. Other disclosure matters: None
FAQ
Why is this announcement required?
Public companies are required to disclose significant inter-company financial transactions to ensure transparency and protect investors' interests.
What are the risks of inter-group lending?
The primary risk is potential financial impact if the borrower experiences operational difficulties, but these are managed via formal governance rules.
What does this tell investors?
It provides insight into the group's capital flow, liquidity needs of subsidiaries, and how the parent company manages its internal financial resources.