[Airmate-KY] Announcement Regarding Funds Lending by Subsidiary 'Weiang Development Co., Ltd.' in Compliance with Regulations
On May 20, 2026, Airmate-KY's subsidiary, Weiang Development Co., Ltd., announced a loan of 100 million NTD to its ultimate parent company for operational working capital.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:14 (1h 13m after Collected)
1. Date of Occurrence: 2026/05/20
2. Borrower:
(1) Name: Airmate (Cayman) International Co., Ltd.
(2) Relationship: Ultimate Parent Company
(3) Limit of Lending (in thousands): 1,302,043
(4) Existing Balance (in thousands): 936,000
(5) Newly Added Amount (in thousands): 100,000
(6) Authorized by Board for revolving use: Yes
(7) Lending balance as of occurrence (in thousands): 1,036,000
(8) Reason for new lending: Working capital
3. Collateral: None
4. Financial Status of borrower: Capital 1,498,217 (in thousands), Accumulated loss -167,351 (in thousands)
5. Interest rate: None
6. Repayment terms: One year term, in accordance with operation procedures
7. Total lending balance as of occurrence (in thousands): 1,577,245
8. Lending ratio to net worth: 57.79%
9. Source of funds: Subsidiary's own funds, Financial institutions
10. Remarks: No collateral or interest required due to 100% shareholding.
2. Borrower:
(1) Name: Airmate (Cayman) International Co., Ltd.
(2) Relationship: Ultimate Parent Company
(3) Limit of Lending (in thousands): 1,302,043
(4) Existing Balance (in thousands): 936,000
(5) Newly Added Amount (in thousands): 100,000
(6) Authorized by Board for revolving use: Yes
(7) Lending balance as of occurrence (in thousands): 1,036,000
(8) Reason for new lending: Working capital
3. Collateral: None
4. Financial Status of borrower: Capital 1,498,217 (in thousands), Accumulated loss -167,351 (in thousands)
5. Interest rate: None
6. Repayment terms: One year term, in accordance with operation procedures
7. Total lending balance as of occurrence (in thousands): 1,577,245
8. Lending ratio to net worth: 57.79%
9. Source of funds: Subsidiary's own funds, Financial institutions
10. Remarks: No collateral or interest required due to 100% shareholding.
FAQ
What is the purpose of this loan?
It is provided to support the operational working capital of the ultimate parent company.
Is there any collateral or interest?
No, as the lending party is a 100% owned subsidiary of the ultimate parent company.
Why was this disclosed?
It is a mandatory disclosure required by regulatory guidelines regarding intra-group funding and guarantees.