【Pai Ho】Announcement from the Board of Directors on the Resolution to Change the Investment Parties for Indonesia Pai Ho Co., Ltd.
Pai Ho is changing the investment structure for its Indonesian subsidiary due to Vietnamese regulations, with Pai Ho Industrial and Hong Kong Pai Ho becoming the main investors instead of the originally planned Vietnamese subsidiary. The total investment will increase from the initial US$5 million to US$20 million.
📋 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 08:04 (4 min after Collected)
1. Original Announcement Date:
January 7, 2026
2. Summary of Original Announcement Content:
1. The company's audit committee and board of directors resolved on December 24, 2024, that Hong Kong Pai Ho International Trading Co., Ltd. (hereinafter referred to as Hong Kong Pai Ho Co.) and Vietnam Pai Ho Co., Ltd. (hereinafter referred to as Vietnam Pai Ho Co.) would invest US$4.95 million (99% stake) and US$50,000 (1% stake) respectively, to establish Indonesia Pai Ho Co., Ltd. (hereinafter referred to as Indonesia Pai Ho Co.), with an authorized capital of US$5 million. As of now, the funds have not yet been actually invested.
2. Considering future operational development needs and flexibility in fund allocation, it is planned to increase the total investment amount to US$20 million, and change the investing parties to Pai Ho Industrial Co., Ltd. (hereinafter referred to as Pai Ho Industrial Co.) and Vietnam Pai Ho Co., investing 99% and 1% respectively.
3. The timing of the aforementioned fund injection will be carried out in installments, depending on the actual operational planning of the Indonesian factory area and the progress of related asset construction, among other capital needs. The chairman of Pai Ho Industrial Co. is authorized to approve the timing of each fund injection in installments, within a total investment limit not exceeding US$20 million, in conjunction with the acquisition of bank credit lines by Pai Ho Industrial Co. and Indonesia Pai Ho Co., and other financial conditions. The first injection will be US$5 million, with Pai Ho Industrial Co. investing US$4.95 million and Vietnam Pai Ho Co. investing US$50,000.
3. Reason for Change and Main Content:
Due to Vietnamese local regulations, local companies are required to be profitable for two consecutive years before investing overseas. Given that Vietnam Pai Ho Co. currently does not meet this condition, the company's board of directors today resolved to adjust the investment structure, changing the investing parties to Pai Ho Industrial Co. and Hong Kong Pai Ho Co., investing 99% and 1% respectively.
4. Impact of Change on the Company's Financial and Business Operations:
Pai Ho Industrial Co., Hong Kong Pai Ho Co., and Vietnam Pai Ho Co. are all subsidiaries indirectly held 49.8% by the company, therefore, there is no significant impact on the company's financial and business operations.
5. Other Matters to be Noted:
None
January 7, 2026
2. Summary of Original Announcement Content:
1. The company's audit committee and board of directors resolved on December 24, 2024, that Hong Kong Pai Ho International Trading Co., Ltd. (hereinafter referred to as Hong Kong Pai Ho Co.) and Vietnam Pai Ho Co., Ltd. (hereinafter referred to as Vietnam Pai Ho Co.) would invest US$4.95 million (99% stake) and US$50,000 (1% stake) respectively, to establish Indonesia Pai Ho Co., Ltd. (hereinafter referred to as Indonesia Pai Ho Co.), with an authorized capital of US$5 million. As of now, the funds have not yet been actually invested.
2. Considering future operational development needs and flexibility in fund allocation, it is planned to increase the total investment amount to US$20 million, and change the investing parties to Pai Ho Industrial Co., Ltd. (hereinafter referred to as Pai Ho Industrial Co.) and Vietnam Pai Ho Co., investing 99% and 1% respectively.
3. The timing of the aforementioned fund injection will be carried out in installments, depending on the actual operational planning of the Indonesian factory area and the progress of related asset construction, among other capital needs. The chairman of Pai Ho Industrial Co. is authorized to approve the timing of each fund injection in installments, within a total investment limit not exceeding US$20 million, in conjunction with the acquisition of bank credit lines by Pai Ho Industrial Co. and Indonesia Pai Ho Co., and other financial conditions. The first injection will be US$5 million, with Pai Ho Industrial Co. investing US$4.95 million and Vietnam Pai Ho Co. investing US$50,000.
3. Reason for Change and Main Content:
Due to Vietnamese local regulations, local companies are required to be profitable for two consecutive years before investing overseas. Given that Vietnam Pai Ho Co. currently does not meet this condition, the company's board of directors today resolved to adjust the investment structure, changing the investing parties to Pai Ho Industrial Co. and Hong Kong Pai Ho Co., investing 99% and 1% respectively.
4. Impact of Change on the Company's Financial and Business Operations:
Pai Ho Industrial Co., Hong Kong Pai Ho Co., and Vietnam Pai Ho Co. are all subsidiaries indirectly held 49.8% by the company, therefore, there is no significant impact on the company's financial and business operations.
5. Other Matters to be Noted:
None