[King-Form] Board of Directors Resolves to Approve Cash Capital Increase for Thai Subsidiary Chin Poon Electronics (Thailand) Public Co., Ltd.
King-Form has resolved to approve a cash capital increase for its Thai subsidiary, Chin Poon Electronics (Thailand) Public Co., Ltd., amounting to up to approximately THB 600 million. This investment is designated as a long-term initiative to support future capacity expansion and growth plans, representing a significant portion of the parent company's assets and equity.
📋 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 10:48 (2h 48m after Collected)
1. Name and nature of the target item (for preferred shares, also specify preferred share terms, such as dividend rate, etc.): Common shares of Chin Poon Electronics (Thailand) Public Co., Ltd.
2. Date of event: May 12, 115 (ROC calendar, approximately 2026)
3. Date of Board of Directors' approval: May 12, 115 (ROC calendar, approximately 2026)
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Maximum transaction volume: 465,116,277 shares
Unit price: THB $1.29
Maximum total transaction amount: THB $599,999,997.33
6. Counterparty and relationship with the company (if the counterparty is an individual and not a related party, their name may be omitted): Chin Poon Electronics (Thailand) Public Co., Ltd. is a subsidiary in which the company holds a 99.89% stake.
7. If the counterparty is a related party, disclose the reason for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the counterparty, and the date and amount of the previous transfer: Chin Poon Electronics (Thailand) Public Co., Ltd. is a subsidiary of which the company holds a 99.89% stake. The purpose of the capital increase is to support future capacity expansion and growth plans.
8. If the owner of the transaction target has been a related party of the company in the past five years, disclose the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction: Not applicable.
9. Matters related to the disposal of claims (including the type of collateral attached to the disposed claims, and if the disposed claims are to a related party, disclose the name of the related party and the book value of the claims disposed of to the related party): Not applicable.
10. Profit (or loss) from disposal (not applicable for acquisition of securities) (if deferred, explain the recognition status in a table): Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements: According to the future capital increase terms of Chin Poon Electronics (Thailand) Public Co., Ltd.
12. Decision-making method for this transaction, reference basis for price determination, and decision-making unit: The Board of Directors determined the price based on the valuation report issued by a professional appraiser and the accountant's opinion.
13. Net asset value per share of the company whose securities are acquired or disposed of: 1.72 baht.
14. Accumulated holding quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of this transaction's securities (including this transaction) to date: Quantity: 2,002,248,932; Amount: NTD 4,227,329 million (NTD 3,648,007 million + this transaction NTD 579,322 million); Shareholding ratio: 99.89%; Restriction on rights: None.
15. To date, the proportion of investments 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 in the most recent financial statements, and the amount of working capital in the most recent financial statements (Note 2): Proportion of total assets in the most recent financial statements: 18.27%; Proportion of equity attributable to owners: 23.87%; Working capital amount in the most recent financial statements: NTD 2,828,973 million.
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal: Long-term investment.
18. Opinions of dissenting directors for this transaction: No.
19. Is this transaction a related party transaction: Yes.
20. Date of supervisor's approval or audit committee's consent: May 12, 115 (ROC calendar, approximately 2026).
21. Did the accountant issue an opinion of unreasonableness for this transaction: No.
22. Name of accounting firm: Yuan Fu United Certified Public Accountants.
23. Accountant's name: Lin Jin-hua.
24. Accountant's practicing certificate number: Taipei Certified Public Accountant Certificate No. 4231.
25. Does it involve a change in operating model: No.
26. Explanation of operating model change: Not applicable.
27. Transaction details with the counterparty in the past year and projected for the next year: Not applicable.
28. Source of funds: Company's own funds.
29. Date of previous announcement of material information on the same event: Not applicable.
30. Other descriptions: None.
Keywords: Material Information
2. Date of event: May 12, 115 (ROC calendar, approximately 2026)
3. Date of Board of Directors' approval: May 12, 115 (ROC calendar, approximately 2026)
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Maximum transaction volume: 465,116,277 shares
Unit price: THB $1.29
Maximum total transaction amount: THB $599,999,997.33
6. Counterparty and relationship with the company (if the counterparty is an individual and not a related party, their name may be omitted): Chin Poon Electronics (Thailand) Public Co., Ltd. is a subsidiary in which the company holds a 99.89% stake.
7. If the counterparty is a related party, disclose the reason for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the counterparty, and the date and amount of the previous transfer: Chin Poon Electronics (Thailand) Public Co., Ltd. is a subsidiary of which the company holds a 99.89% stake. The purpose of the capital increase is to support future capacity expansion and growth plans.
8. If the owner of the transaction target has been a related party of the company in the past five years, disclose the acquisition and disposal dates, prices, and the relationship with the company at the time of the transaction: Not applicable.
9. Matters related to the disposal of claims (including the type of collateral attached to the disposed claims, and if the disposed claims are to a related party, disclose the name of the related party and the book value of the claims disposed of to the related party): Not applicable.
10. Profit (or loss) from disposal (not applicable for acquisition of securities) (if deferred, explain the recognition status in a table): Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements: According to the future capital increase terms of Chin Poon Electronics (Thailand) Public Co., Ltd.
12. Decision-making method for this transaction, reference basis for price determination, and decision-making unit: The Board of Directors determined the price based on the valuation report issued by a professional appraiser and the accountant's opinion.
13. Net asset value per share of the company whose securities are acquired or disposed of: 1.72 baht.
14. Accumulated holding quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of this transaction's securities (including this transaction) to date: Quantity: 2,002,248,932; Amount: NTD 4,227,329 million (NTD 3,648,007 million + this transaction NTD 579,322 million); Shareholding ratio: 99.89%; Restriction on rights: None.
15. To date, the proportion of investments 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 in the most recent financial statements, and the amount of working capital in the most recent financial statements (Note 2): Proportion of total assets in the most recent financial statements: 18.27%; Proportion of equity attributable to owners: 23.87%; Working capital amount in the most recent financial statements: NTD 2,828,973 million.
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal: Long-term investment.
18. Opinions of dissenting directors for this transaction: No.
19. Is this transaction a related party transaction: Yes.
20. Date of supervisor's approval or audit committee's consent: May 12, 115 (ROC calendar, approximately 2026).
21. Did the accountant issue an opinion of unreasonableness for this transaction: No.
22. Name of accounting firm: Yuan Fu United Certified Public Accountants.
23. Accountant's name: Lin Jin-hua.
24. Accountant's practicing certificate number: Taipei Certified Public Accountant Certificate No. 4231.
25. Does it involve a change in operating model: No.
26. Explanation of operating model change: Not applicable.
27. Transaction details with the counterparty in the past year and projected for the next year: Not applicable.
28. Source of funds: Company's own funds.
29. Date of previous announcement of material information on the same event: Not applicable.
30. Other descriptions: None.
Keywords: Material Information