Grand Tech Announces Board Resolution for Endorsement Guarantee to Group Subsidiary 'Grand Tech Precision Electroplating (Vietnam) Co., Ltd.'
Grand Tech announced its board's resolution to provide an additional endorsement guarantee of up to TWD 221.62 million to its Vietnamese subsidiary, 'Grand Tech Precision Electroplating (Vietnam) Co., Ltd.', to secure working capital for production and business expansion. This brings the total guarantee balance to TWD 395.75 million.
📋 Article Processing Timeline
- 📰 Published: May 13, 2026 at 09:00
- 🔍 Collected: May 14, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 14, 2026 at 08:59 (59 min after Collected)
1. Date of occurrence of the event: 2026/05/13
2. Endorsed and guaranteed entity:
(1) Company name: Grand Tech Precision Electroplating (Vietnam) Co., Ltd.
(2) Relationship with the endorsing and guaranteeing company:
100% indirectly held subsidiary of the company
(3) Limit of endorsement guarantee (in thousands of NTD): 1,349,844
(4) Original balance of endorsement guarantee (in thousands of NTD): 174,130
(5) Amount of newly added endorsement guarantee (in thousands of NTD): 221,620
(6) Balance of endorsement guarantee as of the date of occurrence (in thousands of NTD): 395,750
(7) Actual amount utilized by the endorsed and guaranteed company (in thousands of NTD): 310,268
(8) Reason for the newly added endorsement guarantee:
Our 100% indirectly held subsidiary, 'Grand Tech Precision Electroplating (Vietnam) Co., Ltd.', intends to conduct financing business with various banks to meet working capital needs for production and business expansion. Grand Tech Vietnam will apply for a credit line from banks, and our company will act as the guarantor within the credit line.
3. Collateral provided by the endorsed and guaranteed company:
(1) Content: None.
(2) Value (in thousands of NTD): 0
4. Most recent financial statement of the endorsed and guaranteed company:
(1) Capital (in thousands of NTD): 200,698
(2) Accumulated profit and loss (in thousands of NTD): -182,037
5. Conditions for release of endorsement guarantee liability:
(1) Conditions: Upon expiration of the loan agreement.
(2) Date: Upon expiration of the loan agreement.
6. Total limit of endorsement guarantee (in thousands of NTD):
2,699,688
7. Balance of endorsement guarantee as of the date of occurrence (in thousands of NTD):
1,944,875
8. Ratio of endorsement guarantee balance as of the date of occurrence to the net worth of the public company's most recent financial statement:
144.08
9. Ratio of the total balance of endorsement guarantees, long-term investments, and loans to others as of the date of occurrence to the net worth of the public company's most recent financial statement:
191.44
10. Other matters that should be specified:
Our company handled this in accordance with the board resolution dated May 13, 2026.
2. Endorsed and guaranteed entity:
(1) Company name: Grand Tech Precision Electroplating (Vietnam) Co., Ltd.
(2) Relationship with the endorsing and guaranteeing company:
100% indirectly held subsidiary of the company
(3) Limit of endorsement guarantee (in thousands of NTD): 1,349,844
(4) Original balance of endorsement guarantee (in thousands of NTD): 174,130
(5) Amount of newly added endorsement guarantee (in thousands of NTD): 221,620
(6) Balance of endorsement guarantee as of the date of occurrence (in thousands of NTD): 395,750
(7) Actual amount utilized by the endorsed and guaranteed company (in thousands of NTD): 310,268
(8) Reason for the newly added endorsement guarantee:
Our 100% indirectly held subsidiary, 'Grand Tech Precision Electroplating (Vietnam) Co., Ltd.', intends to conduct financing business with various banks to meet working capital needs for production and business expansion. Grand Tech Vietnam will apply for a credit line from banks, and our company will act as the guarantor within the credit line.
3. Collateral provided by the endorsed and guaranteed company:
(1) Content: None.
(2) Value (in thousands of NTD): 0
4. Most recent financial statement of the endorsed and guaranteed company:
(1) Capital (in thousands of NTD): 200,698
(2) Accumulated profit and loss (in thousands of NTD): -182,037
5. Conditions for release of endorsement guarantee liability:
(1) Conditions: Upon expiration of the loan agreement.
(2) Date: Upon expiration of the loan agreement.
6. Total limit of endorsement guarantee (in thousands of NTD):
2,699,688
7. Balance of endorsement guarantee as of the date of occurrence (in thousands of NTD):
1,944,875
8. Ratio of endorsement guarantee balance as of the date of occurrence to the net worth of the public company's most recent financial statement:
144.08
9. Ratio of the total balance of endorsement guarantees, long-term investments, and loans to others as of the date of occurrence to the net worth of the public company's most recent financial statement:
191.44
10. Other matters that should be specified:
Our company handled this in accordance with the board resolution dated May 13, 2026.