[Yung-Fu] Announcement Regarding Important Subsidiary Xin Xin Co., Ltd.'s Board Resolution to Conduct Cash Capital Increase for Wansheng Energy Co., Ltd.
Yung-Fu announced that its important subsidiary, Xin Xin Co., Ltd., has resolved to conduct a cash capital increase of NT$900 million for Wansheng Energy Co., Ltd., a wholly-owned subsidiary. This is for long-term investment purposes and constitutes a related party transaction, approved by Xin Xin Co., Ltd.'s board on April 15, 2026.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 09:00
- 🔍 Collected: April 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 02:49 (66h 49m after Collected)
1. Name and Nature of Target Asset (if preferred stock, specify terms such as dividend rate, etc.): Wansheng Energy Co., Ltd. capital contribution.
2. Date of Fact Occurrence: April 15, 2026 ~ April 15, 2026
3. Board of Directors Approval Date: April 15, 2026
4. Other Approval Dates: Not applicable.
5. Transaction Quantity, Price Per Unit, and Total Transaction Amount: Transaction amount NT$900,000,000.
6. Transaction Counterparty and its Relationship with the Company (If the counterparty is an individual and not a related party, disclosure of name is not required): (1) Transaction Counterparty: Wansheng Energy Co., Ltd. (2) Relationship with the Company: A wholly-owned subsidiary of Xin Xin Co., Ltd.
7. If the transaction counterparty is a related party, announce the reason for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the counterparty, the date of previous transfer, and the transfer amount: Not applicable.
8. If the owner of the transaction asset was a related party within the last five years, announce the acquisition and disposal dates, prices, and relationship with the company at the time of transaction: Not applicable.
9. Matters related to the disposal of debt (including the type of collateral attached to the disposed debt, and if the disposed debt is a claim against a related party, announce the name of the related party and the book value of the disposed claim against the related party): Not applicable.
10. Disposal Profit (or Loss) (Not applicable for acquisition of securities) (If deferred, list the recognition status): Not applicable.
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: (1) Delivery or Payment Terms: Payment to be completed according to Wansheng Energy's payment schedule. (2) Payment Amount: NT$900,000,000. (3) Contractual Restrictions and Other Agreements: None.
12. Method of Decision for This Transaction, Basis for Price Determination, and Decision-Making Unit: Approved by the Board of Directors of Xin Xin Co., Ltd. on April 15, 2026.
13. Net Asset Value Per Share of the Company Whose Securities are Acquired or Disposed Of: Not applicable.
14. Accumulated Quantity, Amount, Shareholding Ratio, and Restrictions (e.g., pledges) of the Transaction Securities Held to Date (including this transaction): (1) Accumulated Investment Amount (including this transaction): NT$1,900,600,000. (2) Capital Contribution Ratio: 100%. (3) Restriction on Rights: None.
15. To date, according to Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies", the proportion of securities investments (including this transaction) in the company's latest financial statements' total assets and equity attributable to the parent company, and the operating funds in the latest financial statements (Note 2):
(1) Proportion of securities investments in total assets: 4.35%
(2) Proportion of securities investments in shareholder equity: 13.84%
(3) Operating funds: NT$-4,530,431 thousand
16. Broker and Brokerage Fees: None.
17. Specific Purpose or Use of Acquisition or Disposal: Long-term investment.
18. Opinion of Dissenting Directors Regarding This Transaction: None.
19. Is This Transaction a Related Party Transaction? Yes.
20. Date of Approval by Supervisors or Audit Committee: April 15, 2026.
21. Accountant's Opinion on Reasonableness of This Transaction: Not applicable.
22. Name of Accounting Firm: Not applicable.
23. Name of Accountant: Not applicable.
24. Accountant's Practice Certificate Number: Not applicable.
25. Does it involve a change in business model? No.
26. Explanation of Business Model Change: None.
27. Transaction Details with Counterparty in the Past Year and Projected for the Next Year: Not applicable.
28. Source of Funds: Not applicable.
29. Date of Previous Announcement of Material Information on the Same Matter: Not applicable.
30. Other Statements: None
2. Date of Fact Occurrence: April 15, 2026 ~ April 15, 2026
3. Board of Directors Approval Date: April 15, 2026
4. Other Approval Dates: Not applicable.
5. Transaction Quantity, Price Per Unit, and Total Transaction Amount: Transaction amount NT$900,000,000.
6. Transaction Counterparty and its Relationship with the Company (If the counterparty is an individual and not a related party, disclosure of name is not required): (1) Transaction Counterparty: Wansheng Energy Co., Ltd. (2) Relationship with the Company: A wholly-owned subsidiary of Xin Xin Co., Ltd.
7. If the transaction counterparty is a related party, announce the reason for selecting the related party as the counterparty, the previous owner, the relationship between the previous owner, the company, and the counterparty, the date of previous transfer, and the transfer amount: Not applicable.
8. If the owner of the transaction asset was a related party within the last five years, announce the acquisition and disposal dates, prices, and relationship with the company at the time of transaction: Not applicable.
9. Matters related to the disposal of debt (including the type of collateral attached to the disposed debt, and if the disposed debt is a claim against a related party, announce the name of the related party and the book value of the disposed claim against the related party): Not applicable.
10. Disposal Profit (or Loss) (Not applicable for acquisition of securities) (If deferred, list the recognition status): Not applicable.
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: (1) Delivery or Payment Terms: Payment to be completed according to Wansheng Energy's payment schedule. (2) Payment Amount: NT$900,000,000. (3) Contractual Restrictions and Other Agreements: None.
12. Method of Decision for This Transaction, Basis for Price Determination, and Decision-Making Unit: Approved by the Board of Directors of Xin Xin Co., Ltd. on April 15, 2026.
13. Net Asset Value Per Share of the Company Whose Securities are Acquired or Disposed Of: Not applicable.
14. Accumulated Quantity, Amount, Shareholding Ratio, and Restrictions (e.g., pledges) of the Transaction Securities Held to Date (including this transaction): (1) Accumulated Investment Amount (including this transaction): NT$1,900,600,000. (2) Capital Contribution Ratio: 100%. (3) Restriction on Rights: None.
15. To date, according to Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies", the proportion of securities investments (including this transaction) in the company's latest financial statements' total assets and equity attributable to the parent company, and the operating funds in the latest financial statements (Note 2):
(1) Proportion of securities investments in total assets: 4.35%
(2) Proportion of securities investments in shareholder equity: 13.84%
(3) Operating funds: NT$-4,530,431 thousand
16. Broker and Brokerage Fees: None.
17. Specific Purpose or Use of Acquisition or Disposal: Long-term investment.
18. Opinion of Dissenting Directors Regarding This Transaction: None.
19. Is This Transaction a Related Party Transaction? Yes.
20. Date of Approval by Supervisors or Audit Committee: April 15, 2026.
21. Accountant's Opinion on Reasonableness of This Transaction: Not applicable.
22. Name of Accounting Firm: Not applicable.
23. Name of Accountant: Not applicable.
24. Accountant's Practice Certificate Number: Not applicable.
25. Does it involve a change in business model? No.
26. Explanation of Business Model Change: None.
27. Transaction Details with Counterparty in the Past Year and Projected for the Next Year: Not applicable.
28. Source of Funds: Not applicable.
29. Date of Previous Announcement of Material Information on the Same Matter: Not applicable.
30. Other Statements: None