[Yongguan-KY] Announcement Regarding Subsidiary's Inability to Repay Due Bank Loans
Yongguan-KY announced that its Taiwanese branch, a subsidiary, failed to repay a NT$110 million bank loan due to overall funding difficulties. This default poses a significant credit risk, and further defaults are possible if debt negotiations with other banks fail.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 09:00
- 🔍 Collected: May 1, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 1, 2026 at 12:23 (4h 23m after Collected)
1. Company Name (or Responsible Person's Name): Yongguan Energy Materials (BVI) Co., Ltd. Taiwan Branch
2. Relationship with the Company: Subsidiary
3. Shareholding Ratio: 100%
4. Date of Loss of Credit: 2026/04/30
5. Amount of Loss of Credit: NT$110,000,000.
6. Details of the Event of Loss of Credit:
The loan from Taishin Bank by our subsidiary, Yongguan Holdings Co., Ltd. in BVI (registered in Taiwan as Yongguan Energy Materials (BVI) Co., Ltd. Taiwan Branch), was due for repayment on April 30, 2026. Due to overall funding coordination difficulties within the company, we were unable to repay the due loan from Taishin Bank, resulting in a default.
7. Response and Precautionary Measures:
Continuous negotiation with creditor banks for extension of principal and interest payments.
8. Other Matters to be Notified (If the subject of the event or resolution is a publicly issued company or above, this material information also meets the requirements of Article 7, Paragraph 1 of the Securities Transaction Act regarding significant impact on shareholder equity or securities prices):
Subsequently, regarding short-term loans from CTBC Bank, Shin Kong Bank, and Enta Bank by the aforementioned branch, if extensions are not obtained or debt negotiations are unsuccessful upon their respective due dates, repayment will also be impossible, leading to default.
2. Relationship with the Company: Subsidiary
3. Shareholding Ratio: 100%
4. Date of Loss of Credit: 2026/04/30
5. Amount of Loss of Credit: NT$110,000,000.
6. Details of the Event of Loss of Credit:
The loan from Taishin Bank by our subsidiary, Yongguan Holdings Co., Ltd. in BVI (registered in Taiwan as Yongguan Energy Materials (BVI) Co., Ltd. Taiwan Branch), was due for repayment on April 30, 2026. Due to overall funding coordination difficulties within the company, we were unable to repay the due loan from Taishin Bank, resulting in a default.
7. Response and Precautionary Measures:
Continuous negotiation with creditor banks for extension of principal and interest payments.
8. Other Matters to be Notified (If the subject of the event or resolution is a publicly issued company or above, this material information also meets the requirements of Article 7, Paragraph 1 of the Securities Transaction Act regarding significant impact on shareholder equity or securities prices):
Subsequently, regarding short-term loans from CTBC Bank, Shin Kong Bank, and Enta Bank by the aforementioned branch, if extensions are not obtained or debt negotiations are unsuccessful upon their respective due dates, repayment will also be impossible, leading to default.