(Revised)On behalf of subsidiary,LE Capital Enterprise Co., Ltd to announce the improvement plan for over-limit balances of loaning of funds to others
1.Date of occurrence of the event:2025/03/28
2.Company name:LE Capital Enterprise Co., Ltd
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
(1)Follow the letter No.1140335885 of the Financial Supervisory Commission.
(2)The subsidiary of our company, LE Capital Enterprise Co., Ltd.,
has experienced a decline in net worth due to the recognition of
investment company gains and losses. As of the end of February 2025,
the outstanding loan balance has exceeded the limit set by the company.
6.Countermeasures:
LE Capital Enterprise Co., Ltd. experienced a decline in its net worth
due to the recognition of gains and losses from investment companies,
which led to its outstanding loan balance to Shanghai Les Enfants Children
Articles co., Ltd. exceeding the limit. The improvement plan is as follows:
Shanghai Les Enfants Children Articles co., Ltd. has established a
repayment plan, with the expectation to repay in installments starting
from the second quarter, and to complete the repayment by September 30, 2025.
On March 25, 2025,Shanghai Les Enfants Children Articles co., Ltd.
repaid USD 400,000.
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
Before the improvement plan is fully implemented, the progress will be
announced quarterly and reported to the board of directors for control.
The execution status will also be reported at the next shareholders' meeting.
