Hong Yang-KY: Announcement regarding its subsidiary Taiwan Bofeng Electronics Co., Ltd. regarding fund lending reaching the announcement standard of Article 22, Paragraph 1, Item 3 of the "Regulations Governing Fund Lending and Endorsement Guarantees by Publicly Offered Companies"
Taiwan Bofeng Electronics, a 70% subsidiary of Hong Yang-KY, announced a NT$60 million fund loan to the Taiwan branch of its parent company, Hong Yang Development Technology, for working capital. This brings the total outstanding loans to NT$150 million.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:48 (1h 48m after Collected)
1. Date of event: 115/05/12 (May 12, 2026)
2. Recipient of fund loan:
(1) Company Name: Hong Yang Development Technology Co., Ltd. Taiwan Branch (British Virgin Islands)
(2) Relationship with the company providing the loan: Taiwan Bofeng Electronics Co., Ltd. is a subsidiary holding 70% of our company's shares.
(3) Limit of fund loan (in thousands): 99,390
(4) Remaining balance of original fund loan (in thousands): 90,000
(5) Amount of new fund loan (in thousands): 60,000
(6) Whether this is a fund loan authorized by the board of directors to be disbursed or utilized in installments to the same borrower: No
(7) Outstanding balance of fund loans as of the date of the event (in thousands): 150,000
(8) Reason for the new fund loan:
Operational turnover
3. Collateral provided by the company receiving the fund loan:
(1) Content: Promissory note for NT$60,000,000
(2) Value (in thousands): 60,000
4. Latest financial statement of the company receiving the fund loan:
(1) Capital (in thousands): 804,993
(2) Accumulated profit or loss (in thousands): -193,616
5. Interest calculation method:
Interest calculated at an annual rate of 2.44%
6. Repayment:
(1) Conditions: One-year term; principal and interest can be repaid in advance.
(2) Date: One year from the actual loan date.
7. Outstanding balance of fund loans as of the date of the event (in thousands):
150,000
8. Ratio of outstanding balance of fund loans as of the date of the event to the net worth of the publicly offered company's latest financial statement:
24.81
9. Source of funds loaned by the company to others:
Subsidiary's own funds, financial institutions.
10. Other matters to be disclosed:
The board of directors convened early, leading to a duplicated calculation of the fund loan limit.
2. Recipient of fund loan:
(1) Company Name: Hong Yang Development Technology Co., Ltd. Taiwan Branch (British Virgin Islands)
(2) Relationship with the company providing the loan: Taiwan Bofeng Electronics Co., Ltd. is a subsidiary holding 70% of our company's shares.
(3) Limit of fund loan (in thousands): 99,390
(4) Remaining balance of original fund loan (in thousands): 90,000
(5) Amount of new fund loan (in thousands): 60,000
(6) Whether this is a fund loan authorized by the board of directors to be disbursed or utilized in installments to the same borrower: No
(7) Outstanding balance of fund loans as of the date of the event (in thousands): 150,000
(8) Reason for the new fund loan:
Operational turnover
3. Collateral provided by the company receiving the fund loan:
(1) Content: Promissory note for NT$60,000,000
(2) Value (in thousands): 60,000
4. Latest financial statement of the company receiving the fund loan:
(1) Capital (in thousands): 804,993
(2) Accumulated profit or loss (in thousands): -193,616
5. Interest calculation method:
Interest calculated at an annual rate of 2.44%
6. Repayment:
(1) Conditions: One-year term; principal and interest can be repaid in advance.
(2) Date: One year from the actual loan date.
7. Outstanding balance of fund loans as of the date of the event (in thousands):
150,000
8. Ratio of outstanding balance of fund loans as of the date of the event to the net worth of the publicly offered company's latest financial statement:
24.81
9. Source of funds loaned by the company to others:
Subsidiary's own funds, financial institutions.
10. Other matters to be disclosed:
The board of directors convened early, leading to a duplicated calculation of the fund loan limit.