Hotai Motor : Announcement the impact of the Company's Shareholders' Equity due to the subsidiary, Hotai Insurance Co., Ltd. net loss for the six months ended June 30,2022
Announcement the impact of the Company's Shareholders'
Equity due to the subsidiary, Hotai Insurance Co., Ltd.
net loss for the six months ended June 30,2022
Date of events
2022/08/11
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/11
2.Company name:HOTAI MOTOR Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
The Company's subsidiary, Hotai Insurance Co., Ltd., reported six
months net loss of NTD 4,526,260 thousand in 2022.
After recognizing the investment loss through Hozan Investment
Co., Ltd. which holds 99.80% shareholding of Hotai Insurance
Co., Ltd. the Company's equity attributable to shareholders of the
parent amounted to NTD 65,066,594 thousand
(net asset value per share: NTD 119.13) as of June 30, 2022,
a 4% decrease when compared with NTD 67,863,102 thousand
(net asset value per share: NTD 124.25) reported as of March 31, 2022.
The above event has no significant impact on the Company's
shareholders' equity.
6.Countermeasures:None
7.Any other matters that need to be specified:None
Attachments
Original Link
Original Document
Permalink
Disclaimer
Hotai Motor Co. Ltd. published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 09:00:05 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 : Announcement the impact of the Company's Shareholders' Equity due to the subsidiary, Hotai Insurance Co., Ltd. net loss for the six months ended June 30,2022
HOTAI MOTOR CO.,LTD. 
