---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000668"
form_type: "8-K"
ticker: "FGI"
cik: "0001864943"
company_name: "FGI Industries Ltd."
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:07:49.582937+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# FGI Industries subsidiary enters $2.3M credit line with CTBC Bank

## Summary
- FGI International, wholly owned subsidiary, entered a $2.3M unsecured credit line with CTBC Bank.
- Borrowings limited to 90% of export open account trade receivables.
- Interest rate based on Taipei Interbank Offered Rate (TAIBOR) plus 120 bps base points plus handling fees.
- Credit line is fully guaranteed by FGI Industries Ltd.
- Contains customary representations, warranties, and events of default including non-payment and bankruptcy.

## SEC filing metadata
- accession: 0001558370-24-000668
- form_type: 8-K
- ticker: FGI
- cik: 0001864943
- company_name: FGI Industries Ltd.
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864943/000155837024000668/0001558370-24-000668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864943/000155837024000668/fgi-20240125x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000668
- JSON: https://secwatch.observer/filing/0001558370-24-000668.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000668.txt

## Key facts
- Material Agreements
  FGI Industries Ltd. entered into Credit Line with CTBC Bank Co., Ltd. valued at up to $2.3 million (effective 2024-01-25).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: CTBC Bank Co., Ltd.
  - Value: up to $2.3 million
  - Effective: 2024-01-25
  source text: On January 25, 2024, FGI International, Limited (“FGI International”), wholly owned subsidiary of FGI Industries Ltd. (the “Company”), entered into an omnibus credit line (the “Credit Line”) with CTBC Bank Co., Ltd. (“CTBC”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1864943/000155837024000668/0001558370-24-000668-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.