【Walsin Lihwa】Announcement on behalf of subsidiary Concord Industries Limited regarding cash capital increase for its subsidiary Yantai Walsin Stainless Steel Co., Ltd.
Walsin Lihwa, through its subsidiary Concord Industries Limited, announced a US$20 million cash capital increase for its indirectly wholly-owned subsidiary, Yantai Walsin Stainless Steel Co., Ltd. The purpose of this investment is for capital expenditure.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:26 (1h 26m after Collected)
1. Date of occurrence: From 2026/05/08 to 2026/05/08
2. Method of new (decreased) investment: The Company, through Concord Industries Limited, conducts a cash capital increase for Yantai Walsin Stainless Steel Co., Ltd.
3. Date of Board of Directors' resolution: May 8, 2026
4. Other approval dates: Not applicable
5. Quantity of transaction units, unit price, and total transaction amount:
(1) Quantity of transaction units, unit price: Not applicable (not share-based)
(2) Total transaction amount: US$20,000 thousand
6. Company name of the invested mainland Chinese company: Yantai Walsin Stainless Steel Co., Ltd.
7. Paid-in capital of the aforementioned mainland Chinese invested company: US$385,065 thousand
8. Planned new capital increase for the aforementioned mainland Chinese invested company: US$20,000 thousand
9. Main business activities of the aforementioned mainland Chinese invested company: Stainless steel and related products
10. Type of auditor's opinion on the financial statements of the aforementioned mainland Chinese invested company for the most recent year: Unqualified opinion
11. Total equity of the financial statements of the aforementioned mainland Chinese invested company for the most recent year: RMB 511 thousand
12. Profit/loss amount of the financial statements of the aforementioned mainland Chinese invested company for the most recent year: RMB -371,589 thousand
13. Actual investment amount in the aforementioned mainland Chinese invested company to date: US$262,927 thousand
14. Counterparty of the transaction and its relationship with the company:
(1) Counterparty: Yantai Walsin Stainless Steel Co., Ltd.
(2) Its relationship with the company: Yantai Walsin Stainless Steel Co., Ltd. is a 100% indirectly owned subsidiary of the Company.
15. If the counterparty is a related party, the reasons for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and the transfer amount should also be announced: Not applicable (cash capital increase)
16. If the ownership of the transaction object has been a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationships with the company at the time of the transaction should also be announced: Not applicable
17. Disposal profit (or loss): Not applicable
18. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements: (1) Delivery or payment terms: To be paid after approval by the Investment Commission of the Ministry of Economic Affairs (2) Contractual restrictions and other important agreements: None
19. Decision-making method, basis for price determination, and decision-making unit for this transaction: (1) Transaction decision method and basis for price determination: Cash capital increase (2) Decision-making unit: Board of Directors
20. Broker: None
21. Specific purpose of acquisition or disposal: Capital expenditure
22. Opinions of dissenting directors for this transaction: None
23. Is this transaction a related party transaction: Yes
24. Date of approval by supervisors or audit committee: April 30, 2026
25. Total amount of investment in mainland China approved by the Investment Commission to date (including this investment): US$689,255 thousand
26. Ratio of total amount of investment in mainland China approved by the Investment Commission to date (including this investment) to paid-in capital in the most recent financial statements: 49.77%
27. Ratio of total amount of investment in mainland China approved by the Investment Commission to date (including this investment) to total assets in the most recent financial statements: 9.91%
28. Ratio of total amount of investment in mainland China approved by the Investment Commission to date (including this investment) to equity attributable to owners of the parent company in the most recent financial statements: 13.30%
29. Actual total investment amount in mainland China to date: US$732,934 thousand
30. Ratio of actual total investment amount in mainland China to date to paid-in capital in the most recent financial statements: 52.92%
31. Ratio of actual total investment amount in mainland China to date to total assets in the most recent financial statements: 10.54%
32. Ratio of actual total investment amount in mainland China to date to equity attributable to owners of the parent company in the most recent financial statements: 14.14%
33. Amount of profit/loss recognized from investment in mainland China in the last three years:
2023: NT$-2,582,502 thousand
2024: NT$-3,306,841 thousand
2025: NT$-2,254,375 thousand
34. Amount of repatriated profits in the last three years:
2023: NT$36,314 thousand
2024: NT$0 thousand
2025: NT$31,995 thousand
35. Is there an unreasonable opinion issued by the accountant for this transaction: Not applicable
36. Name of accounting firm: Not applicable
37. Name of accountant: Not applicable
38. Accountant's practicing certificate number: Not applicable
39. Date of previous material information release for the same event: Not applicable
40. Other matters that should be specified: None
Keywords: Material Information
2. Method of new (decreased) investment: The Company, through Concord Industries Limited, conducts a cash capital increase for Yantai Walsin Stainless Steel Co., Ltd.
3. Date of Board of Directors' resolution: May 8, 2026
4. Other approval dates: Not applicable
5. Quantity of transaction units, unit price, and total transaction amount:
(1) Quantity of transaction units, unit price: Not applicable (not share-based)
(2) Total transaction amount: US$20,000 thousand
6. Company name of the invested mainland Chinese company: Yantai Walsin Stainless Steel Co., Ltd.
7. Paid-in capital of the aforementioned mainland Chinese invested company: US$385,065 thousand
8. Planned new capital increase for the aforementioned mainland Chinese invested company: US$20,000 thousand
9. Main business activities of the aforementioned mainland Chinese invested company: Stainless steel and related products
10. Type of auditor's opinion on the financial statements of the aforementioned mainland Chinese invested company for the most recent year: Unqualified opinion
11. Total equity of the financial statements of the aforementioned mainland Chinese invested company for the most recent year: RMB 511 thousand
12. Profit/loss amount of the financial statements of the aforementioned mainland Chinese invested company for the most recent year: RMB -371,589 thousand
13. Actual investment amount in the aforementioned mainland Chinese invested company to date: US$262,927 thousand
14. Counterparty of the transaction and its relationship with the company:
(1) Counterparty: Yantai Walsin Stainless Steel Co., Ltd.
(2) Its relationship with the company: Yantai Walsin Stainless Steel Co., Ltd. is a 100% indirectly owned subsidiary of the Company.
15. If the counterparty is a related party, the reasons for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and the transfer amount should also be announced: Not applicable (cash capital increase)
16. If the ownership of the transaction object has been a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationships with the company at the time of the transaction should also be announced: Not applicable
17. Disposal profit (or loss): Not applicable
18. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements: (1) Delivery or payment terms: To be paid after approval by the Investment Commission of the Ministry of Economic Affairs (2) Contractual restrictions and other important agreements: None
19. Decision-making method, basis for price determination, and decision-making unit for this transaction: (1) Transaction decision method and basis for price determination: Cash capital increase (2) Decision-making unit: Board of Directors
20. Broker: None
21. Specific purpose of acquisition or disposal: Capital expenditure
22. Opinions of dissenting directors for this transaction: None
23. Is this transaction a related party transaction: Yes
24. Date of approval by supervisors or audit committee: April 30, 2026
25. Total amount of investment in mainland China approved by the Investment Commission to date (including this investment): US$689,255 thousand
26. Ratio of total amount of investment in mainland China approved by the Investment Commission to date (including this investment) to paid-in capital in the most recent financial statements: 49.77%
27. Ratio of total amount of investment in mainland China approved by the Investment Commission to date (including this investment) to total assets in the most recent financial statements: 9.91%
28. Ratio of total amount of investment in mainland China approved by the Investment Commission to date (including this investment) to equity attributable to owners of the parent company in the most recent financial statements: 13.30%
29. Actual total investment amount in mainland China to date: US$732,934 thousand
30. Ratio of actual total investment amount in mainland China to date to paid-in capital in the most recent financial statements: 52.92%
31. Ratio of actual total investment amount in mainland China to date to total assets in the most recent financial statements: 10.54%
32. Ratio of actual total investment amount in mainland China to date to equity attributable to owners of the parent company in the most recent financial statements: 14.14%
33. Amount of profit/loss recognized from investment in mainland China in the last three years:
2023: NT$-2,582,502 thousand
2024: NT$-3,306,841 thousand
2025: NT$-2,254,375 thousand
34. Amount of repatriated profits in the last three years:
2023: NT$36,314 thousand
2024: NT$0 thousand
2025: NT$31,995 thousand
35. Is there an unreasonable opinion issued by the accountant for this transaction: Not applicable
36. Name of accounting firm: Not applicable
37. Name of accountant: Not applicable
38. Accountant's practicing certificate number: Not applicable
39. Date of previous material information release for the same event: Not applicable
40. Other matters that should be specified: None
Keywords: Material Information