【Progate】Announcement by Subsidiary Progate Technology (Kunshan) Co., Ltd. of New Loan Amount Exceeding NT$10 Million and 2% of the Public Company's Latest Financial Statement Net Worth
Progate Technology (Kunshan) Co., Ltd., a subsidiary of Progate, announced a new loan of NT$21.331 million to another subsidiary, Progate (Nantong) Microelectronics Technology Co., Ltd. This loan exceeds NT$10 million and 2% of the public company's latest net worth, bringing the total loan balance to NT$76.32 million.
📋 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 09:00 (1h 0m after Collected)
1. Date of occurrence of the event: 2026/05/12
2. Recipient of the loan:
(1) Company name: Progate (Nantong) Microelectronics Technology Co., Ltd.
(2) Relationship with the company providing the loan: Subsidiary with 96.08% direct and indirect shareholding
(3) Loan limit (in thousands of NTD): 0
(4) Original loan balance (in thousands of NTD): 54,989
(5) Amount of new loan this time (in thousands of NTD): 21,331
(6) Is this a loan authorized by the board of directors to the chairman for staggered disbursements or revolving credit to the same borrower: No
(7) Loan balance up to the date of occurrence (in thousands of NTD): 76,320
(8) Reason for the new loan this time: Other receivables exceeding three months, reclassified as a loan by resolution of the board of directors
3. Collateral provided by the recipient of the loan:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Latest financial statement of the recipient of the loan:
(1) Capital (in thousands of NTD): 2,083,500
(2) Accumulated profit/loss (in thousands of NTD): -1,530,274
5. Interest calculation method: As per contract
6. Repayment:
(1) Conditions: Depends on the operating status of the subsidiary
(2) Date: Depends on the operating status of the subsidiary
7. Loan balance up to the date of occurrence (in thousands of NTD): 508,850
8. Ratio of loan balance to the net worth of the public company's latest financial statement up to the date of occurrence: 85.78%
9. Source of funds for the company's loans to others: The subsidiary itself
10. Other matters that should be specified: None
2. Recipient of the loan:
(1) Company name: Progate (Nantong) Microelectronics Technology Co., Ltd.
(2) Relationship with the company providing the loan: Subsidiary with 96.08% direct and indirect shareholding
(3) Loan limit (in thousands of NTD): 0
(4) Original loan balance (in thousands of NTD): 54,989
(5) Amount of new loan this time (in thousands of NTD): 21,331
(6) Is this a loan authorized by the board of directors to the chairman for staggered disbursements or revolving credit to the same borrower: No
(7) Loan balance up to the date of occurrence (in thousands of NTD): 76,320
(8) Reason for the new loan this time: Other receivables exceeding three months, reclassified as a loan by resolution of the board of directors
3. Collateral provided by the recipient of the loan:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Latest financial statement of the recipient of the loan:
(1) Capital (in thousands of NTD): 2,083,500
(2) Accumulated profit/loss (in thousands of NTD): -1,530,274
5. Interest calculation method: As per contract
6. Repayment:
(1) Conditions: Depends on the operating status of the subsidiary
(2) Date: Depends on the operating status of the subsidiary
7. Loan balance up to the date of occurrence (in thousands of NTD): 508,850
8. Ratio of loan balance to the net worth of the public company's latest financial statement up to the date of occurrence: 85.78%
9. Source of funds for the company's loans to others: The subsidiary itself
10. Other matters that should be specified: None