【Elite Material】Announcement by subsidiary UP FIRST INVESTMENTS LTD. regarding a new capital loan amount exceeding NTD 10 million and 2% of the company's latest financial statement net worth
UP FIRST INVESTMENTS LTD., a subsidiary of Elite Material, announced a new capital loan to its subsidiary LINCSTECH CIRCUIT MALAYSIA SDN. BHD. The loan amount exceeds NTD 10 million and 2% of Elite Material's latest financial statement net worth, primarily for working capital and debt repayment.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 08:34 (34 min after Collected)
1. Date of occurrence of the event: 115/04/28 (April 28, 2026)
2. Recipient of the capital loan:
(1) Company name: LINCSTECH CIRCUIT MALAYSIA SDN. BHD.
(2) Relationship with the company providing the loan: An overseas company 100% and 98.63% owned by Elite Material.
(3) Capital loan limit (NT$ thousands): 6,148,368
(4) Original capital loan balance (NT$ thousands): 4,837,095
(5) Amount of new capital loan (NT$ thousands): 790,375
(6) Is this a capital loan authorized by the board of directors to the chairman for phased disbursements or revolving use to the same borrower: Yes
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 5,627,470
(8) Reason for this new capital loan:
Working capital and debt repayment
3. Collateral provided by the company receiving the capital loan:
(1) Content:
None
(2) Value (NT$ thousands): 0
4. Latest financial statements of the company receiving the capital loan:
(1) Capital (NT$ thousands): 2,458,032
(2) Accumulated profit/loss (NT$ thousands): -3,973,232
5. Interest calculation method:
Annual interest rate not exceeding 5%
6. Repayment terms:
(1) Conditions:
Principal to be repaid in a single lump sum on the maturity date
(2) Date:
April 30, 2027
7. Capital loan balance as of the date of occurrence (NT$ thousands):
20,388,785
8. Ratio of capital loan balance to net worth of publicly issued company's latest financial statements as of the date of occurrence:
73.62%
9. Source of company's capital loans to others:
Subsidiary itself, financial institutions
10. Other matters that need to be specified:
None
2. Recipient of the capital loan:
(1) Company name: LINCSTECH CIRCUIT MALAYSIA SDN. BHD.
(2) Relationship with the company providing the loan: An overseas company 100% and 98.63% owned by Elite Material.
(3) Capital loan limit (NT$ thousands): 6,148,368
(4) Original capital loan balance (NT$ thousands): 4,837,095
(5) Amount of new capital loan (NT$ thousands): 790,375
(6) Is this a capital loan authorized by the board of directors to the chairman for phased disbursements or revolving use to the same borrower: Yes
(7) Capital loan balance as of the date of occurrence (NT$ thousands): 5,627,470
(8) Reason for this new capital loan:
Working capital and debt repayment
3. Collateral provided by the company receiving the capital loan:
(1) Content:
None
(2) Value (NT$ thousands): 0
4. Latest financial statements of the company receiving the capital loan:
(1) Capital (NT$ thousands): 2,458,032
(2) Accumulated profit/loss (NT$ thousands): -3,973,232
5. Interest calculation method:
Annual interest rate not exceeding 5%
6. Repayment terms:
(1) Conditions:
Principal to be repaid in a single lump sum on the maturity date
(2) Date:
April 30, 2027
7. Capital loan balance as of the date of occurrence (NT$ thousands):
20,388,785
8. Ratio of capital loan balance to net worth of publicly issued company's latest financial statements as of the date of occurrence:
73.62%
9. Source of company's capital loans to others:
Subsidiary itself, financial institutions
10. Other matters that need to be specified:
None