Announced the Company's subsidiary capital
loan and over-limit improvement plan
Date of events
2022/08/05
To which item it meets
paragraph 53
Statement
1.Date of occurrence of the event:2022/08/05
2.Company name:KENMEC TECHNOLOGY (SUZHOU) CO., LTD
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):Subsidiary
4.Reciprocal shareholding ratios:89.16%
5.Cause of occurrence:
In accordance with the instruction,Jin-Guan-Zheng-Shen-Zi No. 1100363503.
6.Countermeasures:
The balance of the subsidiary KENMEC TECHNOLOGY (SUZHOU) CO., LTD. and
Kentec Electronics (Suzhou) Co., Ltd and Suzhou Kenmec Property Development
Ltd. respectively exceeded the company's self-determined capital loan and
the total limit and individual limit, and the company has formulated an
improvement plan as follows:
(1)Suzhou Kenmec Property Development Ltd. mainly holds the real estate
building under development and will continue to repay the capital loan
and amount of KENMEC TECHNOLOGY (SUZHOU) CO., LTD. with the proceeds from
the sale and rental of the house.
(2)Kentec Electronics (Suzhou) Co., Ltd is an affiliated enterprise of the
Company, and will repay the capital loan and amount of KENMEC TECHNOLOGY
(SUZHOU) CO., LTD. in the future with the proceeds of operating profits.
(3)KENMEC TECHNOLOGY (SUZHOU) CO., LTD. at the end of June 2010, the original
excess amount of RMB31,271thousand, as of the end of June 2022 has
recovered RMB32,500 thousand.
(4)KENMEC TECHNOLOGY (SUZHOU) CO., LTD. calculated the net value at the end
of December 2010, and the remaining overrun amount was RMB 0.
7.Any other matters that need to be specified:
The situation has been improved.
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Kenmec Mechanical Engineering Co. Ltd. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 09:00:07 UTC.
KENMEC MECHANICAL ENGINEERING CO., LTD. is a Taiwan-based company primarily engaged in the research, development, production and sales of solar cells. The Company mainly operates through four business segments. The Automation Business segment is mainly engaged in the production, sales, installation and leasing of automated assembly line equipment and related supporting facilities. The Solar Power Generation Systems segment is mainly engaged in the manufacture of power generation, transmission and distribution equipment, as well as wireless communications equipment. The Electronic Components segment is principally engaged in the manufacture of electronic components. The Others segment is mainly engaged in the solar water heaters and real estates businesses.
KENMEC MECHANICAL ENGINEERING CO., LTD. 
