Date of Announcement: August 13, 115 Date of Statement: August 12, 115 Time of Statement: 18:39:29 Company Code: 3712 Company Name: Yongwei Holding Subject: Announcement on behalf of subsidiary Senwei Energy Co., Ltd. regarding the board's approval of the consolidated financial report for Q2 115. Applicable Clause: Clause 51 Date of Event: August 12, 115

Details: 1. Date of Event: 08/12/115 2. Company Name: Senwei Energy Co., Ltd. 3. Relationship with Company (enter '本公司' or 'Subsidiary'): Subsidiary 4. Cross-shareholding Ratio: The Company indirectly holds 44.16% 5. Reason for Occurrence: The board of directors of subsidiary Senwei Energy Co., Ltd. approved the consolidated financial report for the second quarter of Minguo 115: (1) Period Start and End Date: 01/01/115 ~ 06/30/115 (2) Cumulative Operating Revenue from January 1 to Reporting Period (in NT$ thousands): 6,142,474 (3) Cumulative Operating Gross Profit (Loss) from January 1 to Reporting Period (in NT$ thousands): 890,628 (4) Cumulative Operating Income (Loss) from January 1 to Reporting Period (in NT$ thousands): 544,536 (5) Cumulative Pre-tax Net Income (Loss) from January 1 to Reporting Period (in NT$ thousands): (3,087,362) (6) Cumulative Net Income (Loss) for the Period from January 1 to Reporting Period (in NT$ thousands): (3,481,559) (7) Cumulative Net Income (Loss) Attributable to Owners of Parent from January 1 to Reporting Period (in NT$ thousands): (6,552,238) (8) Total Assets at Period End (in NT$ thousands): 34,321,186 (9) Total Liabilities at Period End (in NT$ thousands): 37,380,279 (10) Equity Attributable to Owners of Parent at Period End (in NT$ thousands): (4,257,793) 6. Response Measures: None 7. Other Matters to be Disclosed (If the entity involved in the event or resolution is a publicly issued company or above, this material information also qualifies under Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act as a matter having significant impact on shareholders' equity or securities prices): The increase in net loss attributable to owners of the parent in Senwei Energy's Q2 115 financial report is primarily due to the Group's operational strategy no longer being able to support the continued operations of Shinfox Far East Company Pte. Ltd. (SFE), and SFE itself being unable to repay its debts. Furthermore, the board of directors of SFE has resolved to proceed with liquidation. As a result, losses related to endorsements, guarantees, and fund loans to SFE have been recognized. Additionally, impairment losses have been recognized on SFE's engineering vessels, and the subsidiary Yoder Wind has not yet paid the remaining performance bond. The Ministry of Economic Affairs has issued a notice demanding contract termination. Although the Company has responded requesting an extension, no reply has been received yet. Therefore, based on conservative accounting principles, related losses have been recognized in the second quarter.

FACT BOX

  • Source: PR Times
  • Category: News
  • Organizations: Shinfox Far East Company Pte. Ltd.
  • Dates in source: 115/08/12