Xiang Lin Announces Progress of Improvement Plan for Subsidiary's Non-Compliant Loan to Others
Xiang Lin Construction Business Co., Ltd. announced the progress of its improvement plan addressing a subsidiary's non-compliant loan to Qingdao Dinglin International Commercial Management Co., Ltd. Following directives from the Financial Supervisory Commission, the company aims to complete the improvements by December 31, 2026.
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- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 09:44 (1h 44m after Collected)
1. Date of occurrence of the fact: 115/05/07
2. Company name: Xiang Lin Construction Business Co., Ltd.
3. Relationship with the company (please enter 'the company' or 'subsidiary'): The company
4. Shareholding ratio: Not applicable
5. Reason for occurrence:
(1) In accordance with the Financial Supervisory Commission's letters Ref. No. 1130381275 dated March 21, 2024, and Ref. No. 1140369196 dated April 20, 2026.
6. Countermeasures:
The subsidiary, Qingdao Xiangdu Investment Co., Ltd., has formulated an improvement plan for the overdue and over-limit reclassification of receivables from related party Qingdao Dinglin International Commercial Management Co., Ltd. The Financial Supervisory Commission has agreed to complete the improvements by December 31, 2026.
7. Other matters that should be specified (If the subject of the event or resolution is a public company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a significant impact on shareholders' equity or securities prices): None.
Keywords: Material Information
2. Company name: Xiang Lin Construction Business Co., Ltd.
3. Relationship with the company (please enter 'the company' or 'subsidiary'): The company
4. Shareholding ratio: Not applicable
5. Reason for occurrence:
(1) In accordance with the Financial Supervisory Commission's letters Ref. No. 1130381275 dated March 21, 2024, and Ref. No. 1140369196 dated April 20, 2026.
6. Countermeasures:
The subsidiary, Qingdao Xiangdu Investment Co., Ltd., has formulated an improvement plan for the overdue and over-limit reclassification of receivables from related party Qingdao Dinglin International Commercial Management Co., Ltd. The Financial Supervisory Commission has agreed to complete the improvements by December 31, 2026.
7. Other matters that should be specified (If the subject of the event or resolution is a public company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act, which states matters that have a significant impact on shareholders' equity or securities prices): None.
Keywords: Material Information