Bai He Announces Subsidiary's Endorsement Guarantees Reaching Regulations for Public Companies on Lending Funds and Providing Endorsement Guarantees, Article 25, Paragraph 1, Subparagraph 4
Bai He announced that its subsidiary, Vietnam Bai Hong Co., Ltd., has provided additional endorsement guarantees totaling NT$1,930,472 thousand (approx. US$64 million). This brings the cumulative guarantee balance to NT$11,642,810 thousand, exceeding regulatory thresholds for public companies and prompting attention to financial risk management.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 08:03 (3 min after Collected)
1. Date of occurrence of the event: 2026/05/07
2. The company endorsed or guaranteed:
(1) Company name: Vietnam Bai Hong Co., Ltd.
(2) Relationship with the company providing the endorsement guarantee:
Indirectly holds more than 50% of the voting shares of the subsidiary.
(3) Limit of endorsement guarantee (NT$ thousands): 18,004,630
(4) Original endorsement guarantee balance (NT$ thousands): 9,712,338
(5) Newly added endorsement guarantee amount (NT$ thousands): 1,930,472
(6) Endorsement guarantee balance as of the date of occurrence (NT$ thousands): 11,642,810
(7) Actual amount utilized by the company endorsed or guaranteed (NT$ thousands): 5,830,359
(8) Reasons for the newly added endorsement guarantee:
1. Renewal of credit line
2. Early convening of the board meeting, causing the current renewed credit line to overlap with the existing credit line.
3. Collateral provided by the endorsed/guaranteed company:
(1) Content:
None
(2) Value (NT$ thousands): 0
4. Latest financial statements of the endorsed/guaranteed company:
(1) Capital (NT$ thousands): 6,820,310
(2) Accumulated profit/loss (NT$ thousands): -2,977,497
5. Conditions for releasing endorsement guarantee liability:
(1) Conditions:
When the endorsed/guaranteed company's bank credit line guarantee is released.
(2) Date:
Upon expiration of the guarantee period.
6. Total limit of endorsement guarantee (NT$ thousands): 53,316,676
7. Endorsement guarantee balance as of the date of occurrence (NT$ thousands): 16,375,980
8. As of the date of occurrence, the ratio of endorsement guarantee balance to the net worth of the public company's latest financial report:
122.86%
9. As of the date of occurrence, the sum of endorsement guarantee, long-term investment, and funds lent balances as a ratio to the net worth of the public company's latest financial report:
118.52%
10. Other matters to be specified:
Bai He Industrial Co., Ltd. has newly added an endorsement guarantee of USD 31,000 thousand and VND 800,000,000 thousand (equivalent to NT$1,930,472 thousand) for Vietnam Bai Hong Co., Ltd.
2. The company endorsed or guaranteed:
(1) Company name: Vietnam Bai Hong Co., Ltd.
(2) Relationship with the company providing the endorsement guarantee:
Indirectly holds more than 50% of the voting shares of the subsidiary.
(3) Limit of endorsement guarantee (NT$ thousands): 18,004,630
(4) Original endorsement guarantee balance (NT$ thousands): 9,712,338
(5) Newly added endorsement guarantee amount (NT$ thousands): 1,930,472
(6) Endorsement guarantee balance as of the date of occurrence (NT$ thousands): 11,642,810
(7) Actual amount utilized by the company endorsed or guaranteed (NT$ thousands): 5,830,359
(8) Reasons for the newly added endorsement guarantee:
1. Renewal of credit line
2. Early convening of the board meeting, causing the current renewed credit line to overlap with the existing credit line.
3. Collateral provided by the endorsed/guaranteed company:
(1) Content:
None
(2) Value (NT$ thousands): 0
4. Latest financial statements of the endorsed/guaranteed company:
(1) Capital (NT$ thousands): 6,820,310
(2) Accumulated profit/loss (NT$ thousands): -2,977,497
5. Conditions for releasing endorsement guarantee liability:
(1) Conditions:
When the endorsed/guaranteed company's bank credit line guarantee is released.
(2) Date:
Upon expiration of the guarantee period.
6. Total limit of endorsement guarantee (NT$ thousands): 53,316,676
7. Endorsement guarantee balance as of the date of occurrence (NT$ thousands): 16,375,980
8. As of the date of occurrence, the ratio of endorsement guarantee balance to the net worth of the public company's latest financial report:
122.86%
9. As of the date of occurrence, the sum of endorsement guarantee, long-term investment, and funds lent balances as a ratio to the net worth of the public company's latest financial report:
118.52%
10. Other matters to be specified:
Bai He Industrial Co., Ltd. has newly added an endorsement guarantee of USD 31,000 thousand and VND 800,000,000 thousand (equivalent to NT$1,930,472 thousand) for Vietnam Bai Hong Co., Ltd.