Date of Announcement: August 13, 2025 Date of Statement: August 12, 2025 Time of Statement: 17:01:55 Company Code: 1460 Company Name: Hong Yuan Purpose: This disclosure is made pursuant to Item 1, Clause 2, as the endorsement guarantee balance provided by the publicly issued company and its subsidiaries to a single entity has reached over 20% of the company's net equity as per its latest financial statements.
Applicable Clause: Clause 22 Factual Date: August 12, 2025
Explanation: 1. Factual Date: 08/12/115 (August 12, 2025)
2. Guaranteed Entity: (1) Company Name: Everest Textile USA, LLC. (Hong Yuan America Co., Ltd.) (2) Relationship with Guarantee Provider: Indirectly 100% owned subsidiary (3) Guarantee Limit (in thousand NTD): 4,299,983 (4) Previous Outstanding Guarantee Balance (in thousand NTD): 0 (5) Amount of New Guarantee Added This Time (in thousand NTD): 1,592,500 (6) Outstanding Guarantee Balance as of Factual Date (in thousand NTD): 1,592,500 (7) Actual Amount Drawn by Guaranteed Entity (in thousand NTD): 0 (8) Reason for New Guarantee Addition: Financing endorsement guarantee
3. Collateral Provided by Guaranteed Entity: (1) Description: None (2) Value (in thousand NTD): 0
4. Latest Financial Statements of Guaranteed Entity: (1) Capital (in thousand NTD): 1,181,263 (2) Accumulated Profit/Loss (in thousand NTD): -606,454
5. Conditions for Release of Guarantee Liability: (1) Condition: Repayment of bank loan (2) Date: Date of bank loan repayment
6. Total Endorsement Guarantee Limit (in thousand NTD): 8,599,965
7. Total Outstanding Guarantee Balance as of Factual Date (in thousand NTD): 3,938,750
8. Ratio of Guarantee Balance Provided by Party A to Net Equity of Publicly Issued Company as per Latest Financial Statements: 68.70%
9. Combined Ratio of Guarantee Balance, Long-Term Investment, and Fund Lending to Net Equity of Publicly Issued Company: 50.27%
10. Other Matters to be Disclosed: None
FACT BOX
- Source: PR Times
- Category: News
- Organizations: Everest Textile USA,LLC.