Accton Announces Intra-group Financing for Subsidiary
Accton announces an additional loan to its subsidiary, Mingrui Electronics (Chengdu), amounting to 333,583 thousand TWD for operational turnover.
📋 Article Processing Timeline
- 📰 Published: May 16, 2026 at 12:57
- 🔍 Collected: May 16, 2026 at 12:57 (0 min after Published)
- 🤖 AI Analyzed: May 16, 2026 at 13:04 (7 min after Collected)
Announcement of Date: 2026/05/16
Statement Date: 2026/05/15
Statement Time: 16:52:19
Company Code: 3380
Company Name: Accton
Subject: Announcement of Capital Lending and Endorsement/Guarantee for subsidiary Mingrui Electronics (Chengdu) Co., Ltd. in accordance with Article 22, Paragraph 1, Subparagraph 3 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies.
Applicable Clause: Clause 23
Fact Occurrence Date: 2026/05/15
Explanation:
1. Fact Occurrence Date: 2026/05/15
2. Recipient of the Loan:
(1) Company Name: Accton Electronics Technology (Changshu) Co., Ltd.
(2) Relationship with the lender: Affiliated company
(3) Lending Limit (in thousands): 532,129
(4) Previous Loan Balance (in thousands): 0
(5) New Loan Amount (in thousands): 333,583
(6) Is the loan authorized by the board for multiple drawdowns or revolving use by the same recipient: No
(7) Loan Balance as of the date of occurrence (in thousands): 333,583
(8) Reason for the new loan: Operational turnover
3. Collateral provided by the recipient:
(1) Content: None
(2) Value (in thousands): 0
4. Latest Financial Statement of the recipient:
(1) Capital (in thousands): 1,925,920
(2) Accumulated Profit/Loss (in thousands): -661,108
5. Interest Calculation: 0.65% per annum agreed upon by both parties
6. Repayment Terms:
(1) Conditions: As stipulated in the loan agreement
(2) Date: One year from the loan date
7. Total Loan Balance as of the date of occurrence (in thousands): 650,183
8. Ratio of Total Loan Balance to the Net Worth in the latest financial report of the public company: 7.15%
9. Source of funds for lending: Subsidiary itself
10. Other matters: None.
Statement Date: 2026/05/15
Statement Time: 16:52:19
Company Code: 3380
Company Name: Accton
Subject: Announcement of Capital Lending and Endorsement/Guarantee for subsidiary Mingrui Electronics (Chengdu) Co., Ltd. in accordance with Article 22, Paragraph 1, Subparagraph 3 of the Regulations Governing Loaning of Funds and Making of Endorsements/Guarantees by Public Companies.
Applicable Clause: Clause 23
Fact Occurrence Date: 2026/05/15
Explanation:
1. Fact Occurrence Date: 2026/05/15
2. Recipient of the Loan:
(1) Company Name: Accton Electronics Technology (Changshu) Co., Ltd.
(2) Relationship with the lender: Affiliated company
(3) Lending Limit (in thousands): 532,129
(4) Previous Loan Balance (in thousands): 0
(5) New Loan Amount (in thousands): 333,583
(6) Is the loan authorized by the board for multiple drawdowns or revolving use by the same recipient: No
(7) Loan Balance as of the date of occurrence (in thousands): 333,583
(8) Reason for the new loan: Operational turnover
3. Collateral provided by the recipient:
(1) Content: None
(2) Value (in thousands): 0
4. Latest Financial Statement of the recipient:
(1) Capital (in thousands): 1,925,920
(2) Accumulated Profit/Loss (in thousands): -661,108
5. Interest Calculation: 0.65% per annum agreed upon by both parties
6. Repayment Terms:
(1) Conditions: As stipulated in the loan agreement
(2) Date: One year from the loan date
7. Total Loan Balance as of the date of occurrence (in thousands): 650,183
8. Ratio of Total Loan Balance to the Net Worth in the latest financial report of the public company: 7.15%
9. Source of funds for lending: Subsidiary itself
10. Other matters: None.