Chicony Power: Announcement of intercompany loans reaching the disclosure standard under Article 22, Paragraph 1, Subparagraph 3 of the 'Regulations Governing Loaning Funds and Endorsements/Guarantees by Public Companies'
Chicony Power has granted intercompany loans totaling NT$1,793,000 to four subsidiaries—Chicony Power Technology (Thailand), Chicony Power USA, WitsLight Technology, and Qinguang Technology—for debt repayment and working capital purposes, with the outstanding balance reaching NT$5,678,007 thousand, representing 39.21% of net assets.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 09:00
- 🔍 Collected: May 6, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 6, 2026 at 08:59 (59 min after Collected)
1. Date of occurrence of the event: 2026/05/05
2. Recipient of intercompany loans:
(1) Company name: Chicony Power Technology (Thailand) Co., Ltd.
(2) Relationship with the company granting the loan: Subsidiary with 99.9% direct ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 2,112,000
(5) New loan amount (NT$ thousands): 960,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 3,072,000
(8) Reason for the new loan: For debt repayment and working capital.
(1) Company name: Chicony Power USA, Inc.
(2) Relationship with the company granting the loan: Subsidiary with 100% indirect ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 320,000
(5) New loan amount (NT$ thousands): 160,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 480,000
(8) Reason for the new loan: For debt repayment and working capital.
(1) Company name: WitsLight Technology Co., Ltd.
(2) Relationship with the company granting the loan: Subsidiary with 100% indirect ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 48,000
(5) New loan amount (NT$ thousands): 48,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 96,000
(8) Reason for the new loan: For debt repayment and working capital.
(1) Company name: Qinguang Technology Co., Ltd.
(2) Relationship with the company granting the loan: Subsidiary with 100% indirect ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 55,000
(5) New loan amount (NT$ thousands): 35,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 90,000
(8) Reason for the new loan: For debt repayment and working capital.
3. Collateral provided by the recipient of the intercompany loan:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Latest financial statements of the recipient of the intercompany loan:
(1) Capital (NT$ thousands): 1,422,088
(2) Accumulated profit/loss (NT$ thousands): 401,819
5. Interest calculation method: 1%
6. Repayment:
(1) Terms: Repayment upon maturity
(2) Date: Repayment upon maturity
7. Outstanding loan balance as of the event date (NT$ thousands): 5,678,007
8. Ratio of outstanding loan balance to the net worth of the public company's latest financial statements as of the event date: 39.21%
9. Source of funds for intercompany loans: Parent company
10. Other matters to be specified:
(1) The capital of the recipient companies in the latest financial statements is NT$1,422,088 thousand, with details as follows:
Chicony Power Technology (Thailand) Co., Ltd. NT$961,488 thousand
Chicony Power USA, Inc. NT$48,000 thousand
WitsLight Technology Co., Ltd. NT$409,600 thousand
Qinguang Technology Co., Ltd. NT$3,000 thousand
(2) The accumulated profit/loss of the recipient companies in the latest financial statements is NT$401,819 thousand, with details as follows:
Chicony Power Technology (Thailand) Co., Ltd. NT$1,010,444 thousand
Chicony Power USA, Inc. NT$38,918 thousand
WitsLight Technology Co., Ltd. (NT$641,209) thousand
Qinguang Technology Co., Ltd. (NT$6,334) thousand
2. Recipient of intercompany loans:
(1) Company name: Chicony Power Technology (Thailand) Co., Ltd.
(2) Relationship with the company granting the loan: Subsidiary with 99.9% direct ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 2,112,000
(5) New loan amount (NT$ thousands): 960,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 3,072,000
(8) Reason for the new loan: For debt repayment and working capital.
(1) Company name: Chicony Power USA, Inc.
(2) Relationship with the company granting the loan: Subsidiary with 100% indirect ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 320,000
(5) New loan amount (NT$ thousands): 160,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 480,000
(8) Reason for the new loan: For debt repayment and working capital.
(1) Company name: WitsLight Technology Co., Ltd.
(2) Relationship with the company granting the loan: Subsidiary with 100% indirect ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 48,000
(5) New loan amount (NT$ thousands): 48,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 96,000
(8) Reason for the new loan: For debt repayment and working capital.
(1) Company name: Qinguang Technology Co., Ltd.
(2) Relationship with the company granting the loan: Subsidiary with 100% indirect ownership by the company.
(3) Loan limit (NT$ thousands): 5,792,203
(4) Original outstanding loan balance (NT$ thousands): 55,000
(5) New loan amount (NT$ thousands): 35,000
(6) Whether the loan is authorized by the board of directors for chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding loan balance as of the event date (NT$ thousands): 90,000
(8) Reason for the new loan: For debt repayment and working capital.
3. Collateral provided by the recipient of the intercompany loan:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Latest financial statements of the recipient of the intercompany loan:
(1) Capital (NT$ thousands): 1,422,088
(2) Accumulated profit/loss (NT$ thousands): 401,819
5. Interest calculation method: 1%
6. Repayment:
(1) Terms: Repayment upon maturity
(2) Date: Repayment upon maturity
7. Outstanding loan balance as of the event date (NT$ thousands): 5,678,007
8. Ratio of outstanding loan balance to the net worth of the public company's latest financial statements as of the event date: 39.21%
9. Source of funds for intercompany loans: Parent company
10. Other matters to be specified:
(1) The capital of the recipient companies in the latest financial statements is NT$1,422,088 thousand, with details as follows:
Chicony Power Technology (Thailand) Co., Ltd. NT$961,488 thousand
Chicony Power USA, Inc. NT$48,000 thousand
WitsLight Technology Co., Ltd. NT$409,600 thousand
Qinguang Technology Co., Ltd. NT$3,000 thousand
(2) The accumulated profit/loss of the recipient companies in the latest financial statements is NT$401,819 thousand, with details as follows:
Chicony Power Technology (Thailand) Co., Ltd. NT$1,010,444 thousand
Chicony Power USA, Inc. NT$38,918 thousand
WitsLight Technology Co., Ltd. (NT$641,209) thousand
Qinguang Technology Co., Ltd. (NT$6,334) thousand