Release Date: August 5, 2026 Statement Date: August 4, 2026 Statement Time: 16:38 Company Code: 3032 Company Name: Welltrans Subject: Announcement on Behalf of Subsidiary Li Wei Regarding Business Suspension and Bankruptcy Petition Applicable Clause: Item 51 Event Date: August 4, 2026
1. Event Date: August 4, 2026 2. Company Name: Li Wei Co., Ltd. 3. Relationship with Company (Please specify '本公司' or 'Subsidiary'): Subsidiary 4. Cross-shareholding Ratio: Not applicable 5. Reason for Event: Due to financial obligations arising from arbitration awards, and after evaluating the company's current financial condition and funding capacity, it was determined that assets are insufficient to settle liabilities, rendering continued operations impossible. Accordingly, the board of directors of subsidiary Li Wei resolved to suspend operations from August 18, 2026, to August 17, 2027, for one year, and to petition the court for bankruptcy under Article 211, Paragraph 2 of the Company Act. 6. Response Measures: Announcement made on behalf of Li Wei Co., Ltd. 7. Other Matters to be Disclosed: As the entity involved is a publicly issued company, this significant information also qualifies under Article 7, Paragraph 9, Clause 9 of the Enforcement Rules of the Securities and Exchange Act as a matter having a significant impact on shareholders' rights or securities prices. However, there are no additional matters to disclose.
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- Source: PR Times
- Category: News