Business Daily Media

Men's Weekly

.

Sunfun Info Co. (5278): Increase of Subsidiary by NT$1 Billion and Initiation of 10-for-1 Stock Split Plan

TAIPEI, TAIWAN - Media OutReach Newswire - 14 June 2024 - Sunfun Info Co. (Stock Code: 5278) announced on the 7th that its board of directors has resolved to initiate a significant plan mirroring global AI technology leader Nvidia (NASDAQ: NVDA) by implementing a 10-for-1 stock split.

The original face value per share is NT$10, with a total of 22,248,586 issued shares. After the split, the face value per share will be NT$1, with a total of 222,485,860 shares issued.

Sunfun's CEO, Calvin Chia-Ming Chang, stated, "Inspired by Nvidia's founder, Jensen Huang, Sunfun aims to increase stock liquidity and trading volume through this 10-for-1 stock split." Additionally, the board recently approved and completed a capital increase plan for its subsidiary, Daiken Biomedical, amounting to NT$1 billion, which is intended to bolster Daiken's operating capital. Daiken Biomedical also plans to expand into overseas markets, such as Australia and Japan, to scale up operations. Daiken Biomedical initiated a public offering plan earlier this year, with KGI Securities as the lead underwriter, aiming for a public offering and listing on the Emerging Stock Market by the end of this year. It is estimated that Sunfun will still hold over 90% of Daiken Biomedical's shares at the time of listing.

Simultaneously, Chairman Chang also announced a partnership with WiAdvance Technology, an innovative cloud service provider under Wistron Corporation, to jointly develop diversified AI innovative services and further penetrate AI market applications. This collaboration will leverage the technological strengths of both parties, aiming to deliver more innovative and efficient AI solutions to the market.

In terms of business expansion, Sunfun’s product, "Mayfun" (www.mayfunapp.com), has attracted over 14,000 buyers and real estate agents. The company is also actively investing in and expanding into the overseas real estate market, currently negotiating with international developers in Japan and Australia. Key target cities include Tokyo and Kumamoto in Japan, as well as Brisbane and the Gold Coast in Australia. Meanwhile, Sunfun's environmentally-focused project "KOFO", dedicated to achieving global net-zero carbon emissions by 2050, has successfully planted over 89,716 trees worldwide, demonstrating the company’s strong commitment to corporate social responsibility and environmental protection.

Sunfun International continues to drive steady growth by expanding into international markets, developing AI automation applications, and focusing on green energy and technological innovation. These initiatives aim to create greater value for its shareholders and society.
Hashtag: #Sunfun #StockSplit #AI #DaikenBiomedical #MayfunApp

The issuer is solely responsible for the content of this announcement.

Sunfun Info Co., Ltd.

Founded in 2002, Sunfun Info Co., Ltd. mainly develops online dating services, including the iPair Live Dating App, the iPair dating site, the SweetRing Wedding Dating App, weTouch Fashion Dating, and many others. Sunfun Info Co., Ltd. was listed on the over-the-counter market in 2013. Currently, its product market spans Taiwan, Hong Kong, the U.S., Mexico, Singapore, Malaysia, Thailand, Indonesia, and other countries. The market for Sunfun Info Co., Ltd.'s products continues to grow steadily. In 2018, adhering to their commitment to the health of themselves and their families, they founded Daiken Bio. The company focuses on researching and developing safe, secure, and effective health food products that are renowned for their high quality. In 2022, Daiken Bio. received seven international gold awards from the World Quality Assessment.

News from Asia

Deleted

This Press release has been killed

Ausom Launches L1 ABE Electric Scooter with Full German Road Approval

HONG KONG SAR - Media OutReach Newswire - 15 October 2025 - Ausom’s new L1 ABE electric scooter is now available with full road approval in Germany—and for a limited time, it’s launching with spec...

Top Hong Kong Hotels 2025 | Regent Hong Kong Achieves Prestigious Recognition in Condé Nast Traveler Awards

HONG KONG / SINGAPORE - Media OutReach Newswire - 15 October 2025 - Regent Hong Kong proudly announces its recognition in the Condé Nast Traveler Readers' Choice Awards 2025 as one of the top 5 be...

OPPO ColorOS 16 Set for Global Unveil: A New Era of Smoothness, Intelligence, and Seamless Connectivity

SHENZHEN, CHINA - Media OutReach Newswire - 15 October 2025 - OPPO has revealed its first look at ColorOS 16, the latest version of its mobile operating system, launching with the upcoming Find X9...

Xsolla Brings Exclusive Event To Thailand With Xsolla Connect Bangkok: A Global Games Industry Gathering

Exclusive Event Brings Developers, Publishers, Investors, And Industry Leaders Together to Help Shape The Future Of Gaming BANGKOK, THAILAND - Media OutReach Newswire - 15 October 2025 - Xsolla, a...

APAC Employee Medical Plan Costs to Stabilise in 2026 After Two Years of Sharp Increase, Aon reports

China, India, Singapore, the Philippines and Vietnam projecting lower increases than previous year Cardiovascular diseases, gastrointestinal conditions and cancer are top medical ...

Singapore and Shanghai Professional Bodies Sign MOU to Empower Enterprises Through Cross-Border Collaboration

SINGAPORE - Media OutReach Newswire - 15 October 2025 – Professional and business communities from Singapore and Shanghai came together today in a landmark collaboration to deepen ties and empower...

Watch Exchange Turns Luxury Timepieces Into Hope: Charity Drive to Raise At Least S$100K for Elderly Care

"Give Time, Share Hope" campaign transforms dormant watches into tangible support for Geylang East Home for the Aged SINGAPORE - Media OutReach Newswire - 15 October 2025 – As Singapore's populati...

Coca-Cola: First in Hong Kong in Recycling Plastic Bottles to Create New Ones Leveraging Its Own Facilities

Continuing to advocate for and invest in well-designed collection systems to help reduce beverage packaging waste HONG KONG SAR - Media OutReach Newswire - 15 October 2025 - Coca-Cola in Hong Kong...

AIA survey: 72% of respondents lack sufficient retirement reserves 60% have yet to make advance preparations

Nearly 70% believe smart technology can help build better MPF portfolios AIA launches new MPF Smart Advisor to support members in achieving their desired retirement life HONG KONG SAR - Media Out...

Qantas to Serve Nan’s Davidson Plum Cookie

Lake Macquarie, NSW (Awabakal Country): From a single mother’s kitchen bench to supermarket shelves, Wiradjuri entrepreneur Terri-Ann “Tezzi” Dani...

Minns Labor Government shutting down the Business Connect program

The NSW Opposition is concerned that the Labor government will shut down a support program that has assisted New South Wales businesses. In a media ...

Samsara Eco appoints Dr. Lars Kissau as General Manager for Asia

Australian biotech innovator Samsara Eco has announced the appointment of Dr Lars Kissau as its first General Manager of Asia. Based in Singapore...

From the first bounce to the final siren - small business lessons from the AFL Grand Final

The AFL Grand Final is one of the most anticipated days on the sporting calendar. This Saturday, the Geelong Cats and Brisbane Lions will battle i...

Australia’s top finance leaders recognised as CFO role expands

Amid surging regulatory demands and rapidly evolving industry, Australia’s most influential Chief Financial Officers will be honoured at the inaug...

Why outdated security leaves small businesses exposed to crime

Small and medium businesses in Australia are under increasing pressure to address security gaps that criminals readily exploit. An unlocked door, an...