Release Date: July 7, 2026 Announcement Date: July 6, 2026 Announcement Time: 17:58:32 Company Code: 5608 Company Name: Sze Wei Navigation Co., Ltd.
Subject: Announcement by subsidiary DONG LIEN pursuant to Article 22, Paragraph 1, Clause 3 of the Regulations Governing Lending, Endorsement, and Guarantees by Publicly Issued Companies.
Applicable Clause: Clause 23 Factual Date: July 6, 2026
Details:
1. Factual Date: 07/06/2026
2. Recipients of the funds:
(1) Company Name: Sze Wei Navigation Co., Ltd. (2) Relationship: Sze Wei is the parent company of DONG LIEN (3) Lending Limit (in thousand NTD): 13,283,095 (4) Previous Outstanding Balance (in thousand NTD): 1,703,975 (5) Amount of New Loan (in thousand NTD): 867,598 (6) Authorized by Board for Chairman to disburse in installments or on a revolving basis to the same recipient: Yes (7) Outstanding Balance as of Factual Date (in thousand NTD): 2,571,573 (8) Reason for New Loan: Repayment of borrowings and working capital
(1) Company Name: VALOR PESCADORES S.A. PANAMA (2) Relationship: VALOR PESCADORES is a subsidiary of DONG LIEN (3) Lending Limit (in thousand NTD): 13,283,095 (4) Previous Outstanding Balance (in thousand NTD): 238,875 (5) Amount of New Loan (in thousand NTD): 607,668 (6) Authorized by Board for Chairman to disburse in installments or on a revolving basis to the same recipient: Yes (7) Outstanding Balance as of Factual Date (in thousand NTD): 846,543 (8) Reason for New Loan: Purchase of vessel equipment
3. Collateral provided by recipients:
(1) Description: None (2) Value (in thousand NTD): 0
4. Latest financial statements of recipients:
(1) Capital (in thousand NTD): 4,046,337 (2) Accumulated Profits/Losses (in thousand NTD): 2,166,490
5. Interest Calculation: Interest-free loan
6. Repayment Terms:
(1) Conditions: Not applicable (2) Date: Repayable within one year
7. Total outstanding loan balance as of factual date (in thousand NTD): 4,954,670
8. Ratio of total outstanding loans to the parent company's latest net assets: 51.20%
9. Source of funds: From the subsidiary's own resources
10. Additional Notes:
(1) The total loan amount to Sze Wei and VALOR is USD 107,000,000, converted to NTD at an exchange rate of 31.945.
(2) The first new loan is USD 27,000,000 (8.91% of net assets); the second is USD 19,000,000 (6.27% of net assets).
(3) Detailed breakdown of DONG LIEN MARITIME S.A. PANAMA's intercompany loans:
Recipient Company Name Capital (NTD thousand) Accumulated P/L (NTD thousand) ------------------------ ---------------------- ---------------------------- Sze Wei Navigation 3,892,761 2,017,952 VALOR PESCADORES 153,576 148,538 ======================== ====================== ============================ Total 4,046,337 2,166,490 ======================== ====================== ============================
FACT BOX
- Source: PR Times
- Category: Funding
- Organizations: DONG LIEN MARITIME S.A. PANAMA / VALOR PESCADORES S.A. PANAMA
- Dates in source: 2026-07-06 / 2026-07-07