HOTAI MOTOR announces on behalf of subsidiary
Hotai Insurance Co., Ltd., for announcement the impact
of the changes in corporate finance.
Date of events
2022/08/17
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/17
2.Company name:Hotai Insurance Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:Due to the effect from the pandemic insurance,
The Company's subsidiary, Hotai Insurance Co., Ltd., reported six
months net loss of NTD 4,526,260 thousand in 2022.
The Company's equity amounted to NTD 1,740,892 thousand as of
June 30,2022, a 76 % decrease when compared with
NTD 7,266,202 thousand reported as of Dec 31,2021.
6.Countermeasures:
The funds obtained from this private placement of common shares
will be used for strengthening the operating capital.
7.Any other matters that need to be specified:NA
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Disclaimer
Hotai Motor Co. Ltd. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 12:43:08 UTC.
Hotai Motor Co Ltd is a Taiwan-based company principally engaged in the distribution of motor vehicles and relevant parts. The Company primarily provides passenger cars and business vehicles, with brands named LEXUS, TOYOTA and others, as well as large-sized vehicles, including trucks and passenger cars, with brands named HINO. In addition, it is involved in the provision of air conditioners for vehicles, vehicle leasing services and installment payment services, as well as parts and components for vehicles. The Company is also engaged in insurance business. The Company operates its businesses primarily in domestic market.
HOTAI MOTOR CO.,LTD. 
