[Shinfox Energy] Supplementary explanation regarding the company's actual disposal of common shares of Fuwei Power Co., Ltd.
Shinfox Energy provided a supplementary explanation regarding the disposal of common shares of its subsidiary, Fuwei Power Co., Ltd. The transaction period was from February 6 to May 11, 2026, with 6,888 thousand shares disposed of at an average price of NT$85.47, totaling NT$588,690,750. This disposal aims to utilize operating funds.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 19:07 (11h 7m after Collected)
1. Security name:
Common shares of Fuwei Power Co., Ltd.
2. Transaction date: 2026/2/6~2026/5/11
3. Date of board of directors' approval: February 3, 2026
4. Other approval dates: Not applicable
5. Transaction quantity, unit price, and total transaction amount:
Transaction quantity: 6,888 thousand shares
Unit price: Based on daily market price, average NT$85.47 per share;
Total transaction amount: NT$588,690,750
6. Disposal gain (or loss) (not applicable for acquisition of securities): Not applicable
7. Relationship with the transacted company:
Our company's subsidiary
8. As of now, the cumulative quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transacted security (including this transaction):
Cumulative quantity of this transacted security (including this transaction): 29,551,000 shares,
Amount: NT$443,265,000 (book cost amount)
Shareholding ratio: 39.85%
Restricted rights: 28,841,000 pledged shares.
9. As of now, the ratio of investments in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the total assets and equity attributable to owners of the parent company in the latest financial report, and the amount of working capital in the latest financial report:
Ratio to total assets in the latest financial report: 39.91%
Ratio to equity attributable to owners of the parent company in the latest financial report: 526.96%
Amount of working capital in the latest financial report: -NT$2,722,777 thousand.
10. Specific purpose of acquisition or disposal:
Utilization of operating funds
11. Opinions of dissenting directors on this transaction: Not applicable
12. This transaction is a related party transaction: Yes
13. Counterparty and its relationship with the company: Not applicable
14. Date of approval by supervisors or audit committee: 2026.02.03
15. Date of previous material information announcement for the same event: Not applicable
16. Other matters to be specified: None
Common shares of Fuwei Power Co., Ltd.
2. Transaction date: 2026/2/6~2026/5/11
3. Date of board of directors' approval: February 3, 2026
4. Other approval dates: Not applicable
5. Transaction quantity, unit price, and total transaction amount:
Transaction quantity: 6,888 thousand shares
Unit price: Based on daily market price, average NT$85.47 per share;
Total transaction amount: NT$588,690,750
6. Disposal gain (or loss) (not applicable for acquisition of securities): Not applicable
7. Relationship with the transacted company:
Our company's subsidiary
8. As of now, the cumulative quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transacted security (including this transaction):
Cumulative quantity of this transacted security (including this transaction): 29,551,000 shares,
Amount: NT$443,265,000 (book cost amount)
Shareholding ratio: 39.85%
Restricted rights: 28,841,000 pledged shares.
9. As of now, the ratio of investments in securities (including this transaction) listed in Article 3 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies" to the total assets and equity attributable to owners of the parent company in the latest financial report, and the amount of working capital in the latest financial report:
Ratio to total assets in the latest financial report: 39.91%
Ratio to equity attributable to owners of the parent company in the latest financial report: 526.96%
Amount of working capital in the latest financial report: -NT$2,722,777 thousand.
10. Specific purpose of acquisition or disposal:
Utilization of operating funds
11. Opinions of dissenting directors on this transaction: Not applicable
12. This transaction is a related party transaction: Yes
13. Counterparty and its relationship with the company: Not applicable
14. Date of approval by supervisors or audit committee: 2026.02.03
15. Date of previous material information announcement for the same event: Not applicable
16. Other matters to be specified: None