【Lotes】Announcement of New Loan to Subsidiary Exceeding NT$10 Million and 2% of Net Worth
Lotes has announced a new loan of NT$92.662 million to its wholly-owned subsidiary, Tianjin Luosheng Enterprise Co., Ltd., for working capital. This brings the total loan balance to the subsidiary to NT$231.655 million, exceeding both the NT$10 million threshold and 2% of Lotes' recent net worth. No collateral was provided for this loan.
📋 Article Processing Timeline
- 📰 Published: May 4, 2026 at 09:00
- 🔍 Collected: May 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 5, 2026 at 08:02 (2 min after Collected)
1. Date of occurrence of the event: 2026/05/04 (115/05/04 ROC calendar)
2. Recipient of the loan:
(1) Company name: Tianjin Luosheng Enterprise Co., Ltd.
(2) Relationship with the company providing the loan: 100% directly and indirectly held subsidiary of the company.
(3) Loan limit (NT$ thousands): 404,227
(4) Original loan balance (NT$ thousands): 138,993
(5) Amount of this new loan (NT$ thousands): 92,662
(6) Is this a loan authorized by the board of directors for the chairman to make multiple disbursements or revolving credit to the same borrower: Yes
(7) Loan balance as of the date of occurrence (NT$ thousands): 231,655
(8) Reason for this new loan: Working capital turnover.
3. Collateral provided by the recipient of the loan:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Recipient of the loan's most recent financial statements:
(1) Capital (NT$ thousands): 1,157,051
(2) Accumulated earnings/losses (NT$ thousands): -1,060,947
5. Interest calculation method: As per contract.
6. Repayment:
(1) Terms: As per contract.
(2) Date: As per contract.
7. Loan balance as of the date of occurrence (NT$ thousands): 312,812
8. Ratio of loan balance to the net worth of the public company's most recent financial statements as of the date of occurrence: 15.48%
9. Source of funds for the company's loans to others: Parent company.
10. Other matters to be specified: None.
2. Recipient of the loan:
(1) Company name: Tianjin Luosheng Enterprise Co., Ltd.
(2) Relationship with the company providing the loan: 100% directly and indirectly held subsidiary of the company.
(3) Loan limit (NT$ thousands): 404,227
(4) Original loan balance (NT$ thousands): 138,993
(5) Amount of this new loan (NT$ thousands): 92,662
(6) Is this a loan authorized by the board of directors for the chairman to make multiple disbursements or revolving credit to the same borrower: Yes
(7) Loan balance as of the date of occurrence (NT$ thousands): 231,655
(8) Reason for this new loan: Working capital turnover.
3. Collateral provided by the recipient of the loan:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Recipient of the loan's most recent financial statements:
(1) Capital (NT$ thousands): 1,157,051
(2) Accumulated earnings/losses (NT$ thousands): -1,060,947
5. Interest calculation method: As per contract.
6. Repayment:
(1) Terms: As per contract.
(2) Date: As per contract.
7. Loan balance as of the date of occurrence (NT$ thousands): 312,812
8. Ratio of loan balance to the net worth of the public company's most recent financial statements as of the date of occurrence: 15.48%
9. Source of funds for the company's loans to others: Parent company.
10. Other matters to be specified: None.