1. Date of Event: July 2, 2026 2. Company Name: Fuer Transportation Co., Ltd. 3. Relationship with Company: Parent Company 4. Cross-shareholding Ratio: Not applicable 5. Reason for Occurrence: In accordance with letters No. 1121805528 and No. 1121806212 issued by Taiwan Stock Exchange Corporation. 6. Response Measures: The commitments made by the Company in connection with its initial stock listing application and the subsequent implementation status are as follows:
Commitments: (1) Commit to amend the Company’s Articles of Incorporation to include the following provisions, to be approved at the most recent shareholders’ meeting: When subsidiaries Yueyang Co., Ltd. and Hong Sui Enterprise Co., Ltd. conduct future cash capital increases, the Company shall subscribe to shares in proportion to its existing shareholding ratio. If the Company fails to fully subscribe to its proportional allocation, such action must first be approved by the Company’s Board of Directors and then by the shareholders’ meeting. The same procedure applies when the Company disposes of, transfers, or reduces its shareholding in Yueyang Co., Ltd. and Hong Sui Enterprise Co., Ltd. Additionally, supervision over these two subsidiaries shall be strengthened, and their internal control policies, annual audit plans, and implementation reports shall be submitted to the Company’s Audit Committee and Board of Directors for approval.
(2) Commit that, as of September 30, 2023, all self-operated or agency-operated parking lots managed by the Company, Yueyang Co., Ltd., and Hong Sui Enterprise Co., Ltd. that lack parking lot registration certificates will obtain such certificates prior to the Company’s stock listing. For sites where compliance cannot be achieved, operations will be suspended, facilities closed, or contracts terminated before listing. If improvements cannot be made before contract expiration, contracts will not be renewed. These actions will be included as audit items in the annual audit plan, and for three consecutive years after listing, certified public accountants will be engaged to review compliance with internal control systems regarding the acquisition of parking lot registration certificates and subsidiary supervision.
Implementation Status: (1) The Company’s amendment to its Articles of Incorporation was approved at the 2024 annual shareholders’ meeting held on June 27, 2024. (2) The Company obtained reports from accountants on March 13, 2025, and March 10, 2026, confirming the effectiveness of internal control systems for fiscal years 2024 and 2025. (3) The accountant’s review for fiscal year 2026 is currently underway; the Company has not yet received the review report. 7. Other Matters to be Disclosed: None.
FACT BOX
- Source: PR Times
- Category: News