【Kingstone-KY】Announcement in accordance with Article 22, Paragraph 1, Subparagraphs 2 and 3 of the Regulations Governing the Lending of Funds and Endorsements/Guarantees by Publicly Issued Companies
Kingstone-KY (金麗-KY) announced a new loan of NT$450 million to its wholly-owned subsidiary, Changtai Kingstone Apple Industrial Co., Ltd., bringing the total outstanding loan to NT$900 million. This additional loan is to cover advance payments for land and factory construction, as the subsidiary's revenue is small and capital increase is difficult. The company also noted a past issue with exceeding loan limits due to a procedural error, which is expected to be resolved after a shareholder meeting on June 23, 2026.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:24 (1h 23m after Collected)
1. Date of occurrence of the event: 2026/05/08
2. Recipient of the capital lending:
(1) Company name: Changtai Kingstone Apple Industrial Co., Ltd.
(2) Relationship with the company lending the capital: 100% invested subsidiary of the company's parent company
(3) Limit of capital lending (NT$ thousands): 212,484
(4) Original outstanding capital lending (NT$ thousands): 450,000
(5) Amount of new capital lending (NT$ thousands): 450,000
(6) Is it a capital lending authorized by the board of directors for the chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding capital lending up to the date of occurrence (NT$ thousands): 900,000
(8) Reason for this new capital lending: Due to advance payments for land and factory construction being reclassified as other receivables, a capital lending situation arose. However, Changtai Kingstone Apple's revenue is still small, making it difficult to increase its registered capital immediately, thus making it unable to repay through immediate capital injection. Hence, an additional capital lending limit is proposed.
3. Collateral provided by the recipient of the capital lending:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Latest financial statement of the recipient of the capital lending:
(1) Capital (NT$ thousands): 521,566
(2) Accumulated earnings (loss) (NT$ thousands): 9,645
5. Interest calculation method: The interest rate is based on the previous capital lending rate.
6. Repayment:
(1) Conditions: Repayment within one year from the date of disbursement
(2) Date: Repayment within one year from the date of disbursement
7. Outstanding capital lending up to the date of occurrence (NT$ thousands): 900,000
8. Ratio of outstanding capital lending to the net worth in the latest financial statement of the publicly issued company up to the date of occurrence: 13.66%
9. Source of the company's capital lending to others: The subsidiary itself
10. Other matters that need to be specified:
1. (Note 4) The outstanding capital lending amount is calculated from the original NT$450 million capital lending from Kingstone Apple (China) Co., Ltd. to Changtai Kingstone Apple Industrial Co., Ltd. on May 6, 2025, plus the current NT$450 million capital lending from Kingstone Apple (China) Co., Ltd. to Changtai Kingstone Apple Industrial Co., Ltd.
2. The company's board of directors approved the amendment to the "Operating Procedures for Lending Funds to Others" on 2025/08/25. The content was incorrectly entered, leading to the capital lending exceeding the limit. After the shareholder meeting's resolution on 2026/06/23, Changtai Kingstone Apple's capital lending amount will comply with the revised limit regulations.
Keywords: Material Information
2. Recipient of the capital lending:
(1) Company name: Changtai Kingstone Apple Industrial Co., Ltd.
(2) Relationship with the company lending the capital: 100% invested subsidiary of the company's parent company
(3) Limit of capital lending (NT$ thousands): 212,484
(4) Original outstanding capital lending (NT$ thousands): 450,000
(5) Amount of new capital lending (NT$ thousands): 450,000
(6) Is it a capital lending authorized by the board of directors for the chairman to disburse in installments or revolve for the same borrower: Yes
(7) Outstanding capital lending up to the date of occurrence (NT$ thousands): 900,000
(8) Reason for this new capital lending: Due to advance payments for land and factory construction being reclassified as other receivables, a capital lending situation arose. However, Changtai Kingstone Apple's revenue is still small, making it difficult to increase its registered capital immediately, thus making it unable to repay through immediate capital injection. Hence, an additional capital lending limit is proposed.
3. Collateral provided by the recipient of the capital lending:
(1) Content: None
(2) Value (NT$ thousands): 0
4. Latest financial statement of the recipient of the capital lending:
(1) Capital (NT$ thousands): 521,566
(2) Accumulated earnings (loss) (NT$ thousands): 9,645
5. Interest calculation method: The interest rate is based on the previous capital lending rate.
6. Repayment:
(1) Conditions: Repayment within one year from the date of disbursement
(2) Date: Repayment within one year from the date of disbursement
7. Outstanding capital lending up to the date of occurrence (NT$ thousands): 900,000
8. Ratio of outstanding capital lending to the net worth in the latest financial statement of the publicly issued company up to the date of occurrence: 13.66%
9. Source of the company's capital lending to others: The subsidiary itself
10. Other matters that need to be specified:
1. (Note 4) The outstanding capital lending amount is calculated from the original NT$450 million capital lending from Kingstone Apple (China) Co., Ltd. to Changtai Kingstone Apple Industrial Co., Ltd. on May 6, 2025, plus the current NT$450 million capital lending from Kingstone Apple (China) Co., Ltd. to Changtai Kingstone Apple Industrial Co., Ltd.
2. The company's board of directors approved the amendment to the "Operating Procedures for Lending Funds to Others" on 2025/08/25. The content was incorrectly entered, leading to the capital lending exceeding the limit. After the shareholder meeting's resolution on 2026/06/23, Changtai Kingstone Apple's capital lending amount will comply with the revised limit regulations.
Keywords: Material Information