Announcement for Shanghai Unitech
2022 Q1 Endorsement Guarantee Balance Exceeded
Explanation and Improvement Plan
Date of events
2022/08/09
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/09
2.Company name:Shanghai Unitech Electronics Co,Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):subsidiary
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence:
(1).In accordance with the Financial Supervision and Administration
Commission's letter on August 1, 2022, letter No. 1110351173.
(2).Shanghai Zhanhua Electronics Co., Ltd.(SUT), a subsidiary of the parent
company, as of the end of the Q1 of 2022, the balance of endorsement
guarantees has exceeded the limit set by the subsidiary. The parent company
should urge the subsidiary to formulate improvement plans and announce the
implementation status and report to the parent company's board of directors
quarterly for control, and report the implementation situation at the next
parent company's shareholders meeting.
6.Countermeasures:
The improvement plan is as follows:
To amend the "Endorsement and Guarantee Operation Procedures" of
both the UT and SUT to increase the limit of endorsement guarantees
for a single enterprise;To conduct an overall overhaul of the operation
procedures, and report to the Audit Committee and the Board of
Directors in November 2022 in accordance with the internal operation
procedures, and the shareholders' meeting in 2023.
7.Any other matters that need to be specified:No
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Unitech Printed Circuit Board Corp. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 11:55:09 UTC.
UNITECH PRINTED CIRCUIT BOARD CORP. is a Taiwan-based company principally engaged in the design, manufacture and distribution of printed circuit boards (PCBs). The Company mainly provides double-sided PCBs and multi-layer PCBs, which are applied in the manufacture of automobile electronics, computers, computer peripheral products, consumer electronics, network communication products, industrial electronic products and others. The Company also provides mono-crystalline silicon solar cells and multi-crystalline silicon solar cells. The Company distributes its products primarily in the Americas, Southeast Asia, Taiwan and Mainland China.