[Tongtai] Announcement on behalf of major subsidiary Asia Pacific Elite Corp. regarding the Board's resolution to establish a subsidiary in Mainland China
Asia Pacific Elite Corp., a major subsidiary of Tongtai Machine & Tool, has resolved to invest up to USD 2 million to set up a wholly-owned subsidiary in mainland China. The new entity will focus on machine tool assembly, sales, and services to boost operational scale and competitive advantage.
📋 Article Processing Timeline
- 📰 Published: April 22, 2026 at 09:00
- 🔍 Collected: April 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 23, 2026 at 12:22 (4h 22m after Collected)
1. Date of occurrence of the event: From 2026/04/22 to 2026/04/22
2. Method of this new (reduced) investment:
Intends to indirectly invest through a 100% owned third-region company.
3. Date of board of directors resolution: April 22, 2026
4. Date of other approval: N/A
5. Transaction unit volume, unit price, and total transaction amount:
The Chairman is authorized to execute the investment within the limit of USD 2,000,000.
6. Name of the invested company in Mainland China:
Undecided
7. Paid-in capital of the aforementioned invested company in Mainland China:
USD 0
8. Newly intended capital addition of the aforementioned invested company in Mainland China:
Within the limit of USD 2,000,000
9. Main business items of the aforementioned invested company in Mainland China:
Machine tool assembly production, sales, after-sales maintenance, technical services, or other items not prohibited or restricted by laws.
10. CPA opinion type of the most recent annual financial statement of the invested company in Mainland China:
N/A
11. Total equity in the most recent annual financial statement of the invested company in Mainland China:
N/A
12. Profit/loss amount in the most recent annual financial statement of the invested company in Mainland China:
N/A
13. Actual investment amount in the aforementioned invested company in Mainland China up to the present:
USD 0
14. Transaction counterparty and its relationship with the company:
N/A
15. If the transaction counterparty is a related party, the reason for choosing the related party, previous owner, relationships, previous transfer date, and amount must be announced:
N/A
16. If the owner of the transaction target within the past 5 years was a related party, acquisition/disposal dates, prices, and relationships must be announced:
N/A
17. Gain (or loss) from disposal:
N/A
18. Terms of delivery or payment (including period and amount), restrictive covenants, and other important agreements:
N/A
19. Method of deciding this transaction, reference for price determination, and decision-making unit:
Resolution passed by the Board of Directors
20. Broker:
N/A
21. Specific purpose of acquisition or disposal:
To expand operational scale, increase operational performance, and strengthen competitive advantage.
22. Opinions of dissenting directors regarding this transaction:
None
23. Is this transaction a related party transaction: No
24. Date of approval by supervisor or consent by audit committee:
N/A, not a related party transaction.
25. Total investment amount approved by the Investment Commission to Mainland China up to present (including this investment):
NTD 973,995,000
26. Ratio of the total approved investment in Mainland China to the paid-in capital in the most recent financial statement:
38.22%
27. Ratio of the total approved investment in Mainland China to the total assets in the most recent financial statement:
7.77%
28. Ratio of the total approved investment in Mainland China to the equity attributable to owners of the parent in the most recent financial statement:
20.34%
29. Actual total investment in Mainland China up to present:
NTD 910,935,000
30. Ratio of actual total investment in Mainland China to the paid-in capital in the most recent financial statement:
35.75%
31. Ratio of actual total investment in Mainland China to total assets in the most recent financial statement:
7.26%
32. Ratio of actual total investment in Mainland China to equity attributable to owners of the parent in the most recent financial statement:
19.02%
33. Amount of recognized investment profit/loss in Mainland China in the past three years:
2023: NTD -46,835 thousand; 2024: NTD -15,010 thousand; 2025: NTD -41,770 thousand
34. Amount of profit remitted back in the past three years:
2023: NTD 208,895 thousand; 2024: NTD 0; 2025: NTD 0
35. Has the CPA issued an unreasonable opinion regarding this transaction: N/A
36. Name of the accounting firm:
N/A
37. Name of the CPA:
N/A
38. CPA certificate number:
N/A
39. Date of previous major message announced for the same event: N/A
40. Other matters to be specified:
None
2. Method of this new (reduced) investment:
Intends to indirectly invest through a 100% owned third-region company.
3. Date of board of directors resolution: April 22, 2026
4. Date of other approval: N/A
5. Transaction unit volume, unit price, and total transaction amount:
The Chairman is authorized to execute the investment within the limit of USD 2,000,000.
6. Name of the invested company in Mainland China:
Undecided
7. Paid-in capital of the aforementioned invested company in Mainland China:
USD 0
8. Newly intended capital addition of the aforementioned invested company in Mainland China:
Within the limit of USD 2,000,000
9. Main business items of the aforementioned invested company in Mainland China:
Machine tool assembly production, sales, after-sales maintenance, technical services, or other items not prohibited or restricted by laws.
10. CPA opinion type of the most recent annual financial statement of the invested company in Mainland China:
N/A
11. Total equity in the most recent annual financial statement of the invested company in Mainland China:
N/A
12. Profit/loss amount in the most recent annual financial statement of the invested company in Mainland China:
N/A
13. Actual investment amount in the aforementioned invested company in Mainland China up to the present:
USD 0
14. Transaction counterparty and its relationship with the company:
N/A
15. If the transaction counterparty is a related party, the reason for choosing the related party, previous owner, relationships, previous transfer date, and amount must be announced:
N/A
16. If the owner of the transaction target within the past 5 years was a related party, acquisition/disposal dates, prices, and relationships must be announced:
N/A
17. Gain (or loss) from disposal:
N/A
18. Terms of delivery or payment (including period and amount), restrictive covenants, and other important agreements:
N/A
19. Method of deciding this transaction, reference for price determination, and decision-making unit:
Resolution passed by the Board of Directors
20. Broker:
N/A
21. Specific purpose of acquisition or disposal:
To expand operational scale, increase operational performance, and strengthen competitive advantage.
22. Opinions of dissenting directors regarding this transaction:
None
23. Is this transaction a related party transaction: No
24. Date of approval by supervisor or consent by audit committee:
N/A, not a related party transaction.
25. Total investment amount approved by the Investment Commission to Mainland China up to present (including this investment):
NTD 973,995,000
26. Ratio of the total approved investment in Mainland China to the paid-in capital in the most recent financial statement:
38.22%
27. Ratio of the total approved investment in Mainland China to the total assets in the most recent financial statement:
7.77%
28. Ratio of the total approved investment in Mainland China to the equity attributable to owners of the parent in the most recent financial statement:
20.34%
29. Actual total investment in Mainland China up to present:
NTD 910,935,000
30. Ratio of actual total investment in Mainland China to the paid-in capital in the most recent financial statement:
35.75%
31. Ratio of actual total investment in Mainland China to total assets in the most recent financial statement:
7.26%
32. Ratio of actual total investment in Mainland China to equity attributable to owners of the parent in the most recent financial statement:
19.02%
33. Amount of recognized investment profit/loss in Mainland China in the past three years:
2023: NTD -46,835 thousand; 2024: NTD -15,010 thousand; 2025: NTD -41,770 thousand
34. Amount of profit remitted back in the past three years:
2023: NTD 208,895 thousand; 2024: NTD 0; 2025: NTD 0
35. Has the CPA issued an unreasonable opinion regarding this transaction: N/A
36. Name of the accounting firm:
N/A
37. Name of the CPA:
N/A
38. CPA certificate number:
N/A
39. Date of previous major message announced for the same event: N/A
40. Other matters to be specified:
None