What kind of company is Zhi Shang?

A publicly listed electronics manufacturing company in Taiwan that provides financial support to its subsidiaries.

What does Nanji International Technology do?

It is a subsidiary engaged in electronic components manufacturing, indirectly 59% owned by Zhi Shang.

Is it risky for guarantee balance to exceed 100% of net assets?

It's a monitored indicator, but common in the industry as part of intra-group financial support.

[Zhi Shang] Board Approves Endorsement Guarantee for Subsidiary Nanji International Technology Co., Ltd., Meeting Announcement Criteria under Article 25, Paragraph 1, Clause 4 of the 'Handling Standards for Loans and Endorsement Guarantees by Publicly Listed Companies'

Published Jun 29, 2026 9:00 AM ・ Updated Jul 2, 2026 12:23 PM ・ 4 min read ・ Source: PR Times

Zhi Shang's board has approved an additional endorsement guarantee of NT$470.25 million for its indirectly held 59%-owned subsidiary, Nanji International Technology Co., Ltd., to support its operational funding needs, complying with disclosure requirements for publicly listed companies.

1. Factual Date: 115/06/29

2. Endorsed and Guaranteed Entity: (1) Company Name: Nanji International Technology Co., Ltd. (2) Relationship with Guarantee-Providing Company: 59% indirectly owned subsidiary of our company (3) Endorsement Guarantee Limit (in thousand NT$): 23,253,740 (4) Previous Endorsement Guarantee Balance (in thousand NT$): 6,520,800 (5) Amount of New Endorsement Guarantee This Time (in thousand NT$): 470,250 (6) Endorsement Guarantee Balance as of Factual Date (in thousand NT$): 6,991,050 (7) Actual Amount Drawn by the Guaranteed Company (in thousand NT$): 5,987,850 (8) Reason for This Additional Endorsement Guarantee: Our company has signed endorsement guarantee instruments with banks to secure credit lines. The original USD 12 million line has matured and is being renewed, with an additional USD 3 million line added to meet the working capital needs of the invested subsidiary.

3. Collateral Provided by the Guaranteed Company: (1) Description: None (2) Value (in thousand NT$): 0

4. Latest Financial Statements of the Guaranteed Company: (1) Capital (in thousand NT$): 355,877 (2) Accumulated Profit/Loss (in thousand NT$): 1,245,627

5. Conditions for Release of Endorsement Guarantee Liability: (1) Condition: Liability is released upon maturity of the endorsement guarantee. (2) Date: One year from issuance.

6. Total Endorsement Guarantee Limit (in thousand NT$): 48,445,293

7. Total Endorsement Guarantee Balance as of Factual Date (in thousand NT$): 20,608,821

8. Ratio of Endorsement Guarantee Balance Provided by Our Company to the Net Equity in the Latest Financial Statements of the Publicly Listed Company as of Factual Date: 106.35%

9. Combined Ratio of Endorsement Guarantee, Long-Term Investment, and Loan Balance to the Net Equity in the Latest Financial Statements of the Publicly Listed Company as of Factual Date: 37.94%

10. Other Matters to be Disclosed: None.

Keywords: Material Information

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Source: PR Times
Category: News
Dates in source: 115/06/29

[Zhi Shang] Board Approves Endorsement Guarantee for Subsidiary Nanji International Technology Co., Ltd., Meeting Announcement Criteria under Article 25, Paragraph 1, Clause 4 of the 'Handling Standards for Loans and Endorsement Guarantees by Publicly Listed Companies'

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