FuSheng Precision : On behalf of subsidiary Minson Integration to announce the Board resolution of restatement of 2020 financial reports and adjustment of lending limits

Close

Today's Information

Provided by: FuSheng Precision Co., Ltd.
SEQ_NO	3	Date of announcement	2022/05/24	Time of announcement	18:18:24
Subject	On behalf of subsidiary Minson Integration to announce the Board resolution of restatement of 2020 financial reports and adjustment of lending limits
Date of events	2022/05/24	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2022/05/24 2.Company name:Minson Integration Inc. 3.Relationship to the Company (please enter "head office" or "subsidiaries"):Subsidiary 4.Reciprocal shareholding ratios:N/A 5.Cause of occurrence: 1)The Board of the company's subsidiary, Minson Integration Inc.(Minson), resolved to reassess the accounting treatment of acquiring demerged business in 2020, and restate its consolidated and parent company only financial statements of 2020. The restatement above has no material influence to the Company's consolidated and parent company only financial statements. 2)According to the restatement above, Minson decrease its funds leading limits to subsidiaries Mintech Enterprises Company Limited and Minone Enterprises Company Limited to NT$130,000 thousand (or equivalent amount of US$) and NT$170,000 (or equivalent amount of US$), respectively. 6.Countermeasures:Minson to restate its consolidated and parent company only financial statements and decrease its fund lending limits to subsidiaries Mintech Enterprises Company Limited and Minone Enterprises Company Limited. 7.Any other matters that need to be specified:The restatement above has no material influence to the Company's announced consolidated and parent company only financial statements and also no material influence to the Company's financial situation and business operation.