First Steamship S.A. Announces New Loans to Yeong Guan, GORG, MSCL and ASCL Totaling Approximately NT$761 Million

The date of occurrence was May 14, 2026. First Steamship S.A. announced new loans to related companies, all for working capital purposes. The borrowers include Yeong Guan Energy Technology Group Co., Ltd., with a newly added loan amount of NT$158.300 million and an outstanding balance after the loan of NT$1.2664 billion; Grand Ocean Retail Group Ltd., with a newly added loan amount of NT$284.940 million and an outstanding balance after the loan of NT$601.540 million; MIGHTY STEAMSHIP CO., LTD., with a newly added loan amount of NT$158.617 million and an outstanding balance after the loan of NT$158.617 million; and ADVANTAGE STEAMSHIP CO., LTD., with a newly added loan amount of NT$158.617 million and an outstanding balance after the loan of NT$158.617 million. Yeong Guan is the parent company directly holding 100% of First Steamship S.A. Grand Ocean Retail Group Ltd. is a subsidiary in which First Steamship S.A. directly holds 23.41%. MIGHTY STEAMSHIP CO., LTD. and ADVANTAGE STEAMSHIP CO., LTD., together with First Steamship S.A., are all 100%-owned subsidiaries directly held by Yeong Guan. For collateral, GORG provided promissory notes of the same amount, valued at NT$284.940 million. According to the latest financial statements of the borrowing companies, capital was NT$10.203071 billion and accumulated profit or loss was negative NT$2.5902 billion. Interest terms are as follows: Yeong Guan, MSCL and ASCL are interest-free; GORG’s interest rate is negotiated on a case-by-case basis, must not be lower than the company’s funding cost, and is adjusted quarterly on a floating basis. Repayment terms are one year from the first drawdown for Yeong Guan and GORG, and three years from the first drawdown for MSCL and ASCL. As of the date of occurrence, the outstanding balance of loans extended by the company was NT$4.44584 billion, accounting for 60.37% of the net worth shown in the latest financial statements of the public company. The source of funds is the subsidiary itself. There are no other matters to be specified.