1. Date of occurrence: 115/05/19 2. Company name: NIL Technology ApS 3. Relationship with the company: Subsidiary 4. Mutual shareholding ratio: Not applicable 5. Reason for occurrence: As of the end of February 115, the loan balance provided by the company's subsidiary, NIL Technology ApS, to its own subsidiaries, NILT Switzerland GmbH and NILT SINGAPORE PTE. LTD., exceeded the individual and total limits. In accordance with the Financial Supervisory Commission's letter dated March 30, 115 (Ref: Jin-Guan-Zheng-Shen-Zi No. 1150337283), the parent company was required to urge the subsidiary to formulate an improvement plan, announce it as material information on the Market Observation Post System, disclose the execution status quarterly, report it to the parent company's board of directors, and report the execution status at the shareholders' meeting. 6. Corrective actions: NILT Switzerland GmbH repaid its loan liability to NIL Technology ApS on 115/05/19, and the improvement plan has been completed. 7. Other matters to be specified: None.

FACT BOX

  • Source: PR Times
  • Category: News
  • Organizations: NIL Technology ApS / NILT Switzerland GmbH / NILT SINGAPORE PTE. LTD.