【Ye Wang】Announcement on Subsidiary Loop Power Enterprise Corp. (Samoa Loop Power) Loan to Others, Handled in Accordance with Article 22, Paragraph 1, Subparagraph 3 of the Regulations Governing Loaning of Funds and Endorsements/Guarantees by Public Companies
Ye Wang's subsidiary, Loop Power Enterprise Corp. (Samoa Loop Power), announced a loan of NT$55,002 thousand (approximately US$1.75 million) to its wholly-owned grandchild company, Loop Power Company Limited (Vietnam Loop Power), for short-term working capital. The loan limit is NT$109,431 thousand, with an annual interest rate of 5% and a one-year term, as approved by the board on May 11, 2026.
📋 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 18:39 (10h 39m after Collected)
1. Date of occurrence of the event: 2026/05/11
2. Recipient of the loan:
(1) Company name: "Loop Power Company Limited" (Vietnam Loop Power)
(2) Relationship with the company providing the loan: "Loop Power Company Limited" (Vietnam Loop Power) is a 100% owned reinvested subsidiary of "Loop Power Enterprise Corp." (Samoa Loop Power)
(3) Loan limit (in thousands of NTD): 109,431
(4) Original loan balance (in thousands of NTD): 0
(5) Amount of new loan (in thousands of NTD): 55,002
(6) Is it a loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Loan balance as of the date of occurrence (in thousands of NTD): 55,002
(8) Reason for the new loan: To provide short-term operating capital
3. Collateral provided by the loan recipient:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Loan recipient's most recent financial statements:
(1) Capital (in thousands of NTD): 216,461
(2) Accumulated profit/loss (in thousands of NTD): 91,806
5. Interest calculation method: 5%
6. Repayment:
(1) Conditions: Can be repaid in installments or by mutual agreement for early repayment
(2) Date: Limited to one year from the borrowing date
7. Loan balance as of the date of occurrence (in thousands of NTD): 55,002
8. Ratio of loan balance to the net worth of the public company's most recent financial statements as of the date of occurrence: 0.04
9. Source of funds for the company's loan to others: The subsidiary itself
10. Other matters to be specified:
(1) The financial statements of Loop Power Enterprise Corp. (Samoa Loop Power) are based on the self-audited financial statements approved by the board of directors for the first quarter of 2026.
(2) The board of directors approved on May 11, 2026, that the subsidiary "Loop Power Enterprise Corp." (Samoa Loop Power) will provide a loan to its 100% owned grandchild company "Loop Power Company Limited" (Vietnam Loop Power), with a loan amount limited to US$1,750 thousand (approximately NT$55,002 thousand at an exchange rate of 31.43), for a period of one year.
(3) After the board of directors approves this loan, it can be disbursed in installments and used on a revolving basis within the approved limit and loan period, according to actual operating needs.
2. Recipient of the loan:
(1) Company name: "Loop Power Company Limited" (Vietnam Loop Power)
(2) Relationship with the company providing the loan: "Loop Power Company Limited" (Vietnam Loop Power) is a 100% owned reinvested subsidiary of "Loop Power Enterprise Corp." (Samoa Loop Power)
(3) Loan limit (in thousands of NTD): 109,431
(4) Original loan balance (in thousands of NTD): 0
(5) Amount of new loan (in thousands of NTD): 55,002
(6) Is it a loan authorized by the board of directors for the chairman to disburse in installments or on a revolving basis to the same borrower: No
(7) Loan balance as of the date of occurrence (in thousands of NTD): 55,002
(8) Reason for the new loan: To provide short-term operating capital
3. Collateral provided by the loan recipient:
(1) Content: None
(2) Value (in thousands of NTD): 0
4. Loan recipient's most recent financial statements:
(1) Capital (in thousands of NTD): 216,461
(2) Accumulated profit/loss (in thousands of NTD): 91,806
5. Interest calculation method: 5%
6. Repayment:
(1) Conditions: Can be repaid in installments or by mutual agreement for early repayment
(2) Date: Limited to one year from the borrowing date
7. Loan balance as of the date of occurrence (in thousands of NTD): 55,002
8. Ratio of loan balance to the net worth of the public company's most recent financial statements as of the date of occurrence: 0.04
9. Source of funds for the company's loan to others: The subsidiary itself
10. Other matters to be specified:
(1) The financial statements of Loop Power Enterprise Corp. (Samoa Loop Power) are based on the self-audited financial statements approved by the board of directors for the first quarter of 2026.
(2) The board of directors approved on May 11, 2026, that the subsidiary "Loop Power Enterprise Corp." (Samoa Loop Power) will provide a loan to its 100% owned grandchild company "Loop Power Company Limited" (Vietnam Loop Power), with a loan amount limited to US$1,750 thousand (approximately NT$55,002 thousand at an exchange rate of 31.43), for a period of one year.
(3) After the board of directors approves this loan, it can be disbursed in installments and used on a revolving basis within the approved limit and loan period, according to actual operating needs.