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Feihong Announces Subsidiary Feihong Electronics (Suzhou) to Invest RMB 200 Million in Dongguan Dahong Electronics via Debt-to-Equity Conversion

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Feihong announced that its subsidiary, Feihong Electronics (Suzhou) Co., Ltd., will invest RMB 200 million (approximately NT$925.014 million) in Dongguan Dahong Electronics Co., Ltd. through a debt-to-equity conversion. This capital injection will increase Dongguan Dahong Electronics' capital by RMB 100 million (approximately NT$462.507 million).

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Frequently Asked Questions

Q: What is the main business item of Dongguan Dahong Electronics Co., Ltd.?
A: The main business item of the company is the manufacturing and sales of power supply units.
Q: What is the total transaction amount of this investment in RMB?
A: The total transaction amount of this investment is RMB 200 million, which is equivalent to approximately NT$925,014 thousand.
Q: What is the method of this new investment announced by Feihong?
A: The method of this new investment is debt-to-equity conversion.
Q: What was the net profit or loss amount of the invested company for the most recent year?
A: The net profit/loss amount from the financial statements for the most recent year was approximately NT$-154,144 thousand.
Q: What is the relation between Feihong and the counterparty Dongguan Dahong Electronics?
A: The transaction counterparty Dongguan Dahong Electronics is an invested mainland subsidiary of the company.