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2024-04-29
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Announcement of Cancellation for the Endorsement on behalf of the Company's subsidiary
Subject：Announcement of Cancellation for the Endorsement on behalf of the Company's subsidiary
To which item it meets：paragraph 51
Date of events： 2024/4/29
Statement:
1.Date of occurrence of the event:2024/04/29
2.Company name:JiuXin Estate(Wuxi) Limited(hereinafter referred to as Jiuxin Real Estate)
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:indirectly hold 100%
5.Cause of occurrence:The original amount of endorsement was RMB 4,242,248.45 (equivalent to approximately NT$19,090 thousand). for Kunshan Dingxian Trading Co., Ltd., a 100% indirectly-hold subsidiary of the Company, to purchase raw materials from manufacturers. The endorsement was approved by the board of directors in May 2019. Now that the payment has been settled, and the manufacturer agreed that Jiuxin Real Estate is exempted from the liability, so Jiuxin Real Estate proposed to cancel the endorsement.
6.Countermeasures:Transaction conditions and other relevant information will be announced and be written off from a register.
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.
To which item it meets：paragraph 51
Date of events： 2024/4/29
Statement:
1.Date of occurrence of the event:2024/04/29
2.Company name:JiuXin Estate(Wuxi) Limited(hereinafter referred to as Jiuxin Real Estate)
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:indirectly hold 100%
5.Cause of occurrence:The original amount of endorsement was RMB 4,242,248.45 (equivalent to approximately NT$19,090 thousand). for Kunshan Dingxian Trading Co., Ltd., a 100% indirectly-hold subsidiary of the Company, to purchase raw materials from manufacturers. The endorsement was approved by the board of directors in May 2019. Now that the payment has been settled, and the manufacturer agreed that Jiuxin Real Estate is exempted from the liability, so Jiuxin Real Estate proposed to cancel the endorsement.
6.Countermeasures:Transaction conditions and other relevant information will be announced and be written off from a register.
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.