{"url_path":"/sec/mens/10-k/2026/item-7","section_key":"item-7","section_title":"Item 7 MAJOR SHAREHOLDERS AND RELATED PARTY","topic":"sec","document":{"doc_type":"20-F","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1954488/0001213900-26-057073-index.html","accession_number":"0001213900-26-057073","cik":"0001954488","ticker":"MENS","issuer_name":"Jyong Biotech Ltd.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1954488/0001213900-26-057073-index.html","primary_entity_key":"0001954488","primary_entity_name":"Jyong Biotech Ltd."},"word_count":624,"has_tables":true,"body_markdown":"**Item 7. MAJOR SHAREHOLDERS AND RELATED PARTY\nTRANSACTIONS**\n\n** **\n\n**A. Major Shareholders**\n\n \n\nSee “Item 6. Directors,\nSenior Management and Employees — E. Share Ownership.”\n\n \n\n**B. Related\nParty Transactions**\n\n \n\n**Employment Agreements**\n\n** **\n\nSee “Item 6. Directors,\nSenior Management and Employees — C. Board Practices-Employment Agreements and Indemnification Agreements.”\n\n \n\n144\n\n \n\n** **\n\n**Material Transactions with Related Parties**\n\n** **\n\nSet forth below are our\nmaterial related party transactions that occurred during the fiscal years ended December 31, 2023, 2024, and 2025. The “related\nparty transactions” are transactions identified in accordance with the rules prescribed under Part I, Item 7B of Form 20-F. Please\nsee “Note 17 Related Party Balances and Transactions” from page F-24 to F-26 for more details.\n\n** **\n\n  \n  \nFor the years ended\nDecember 31, \n\nRelated Parties \nNature \n2023  \n2024  \n\n** **\n\n**2025**\n \n\n  \n  \nUS$ thousand \n\nRental Expenses \n  \n    \n    \n   \n\nPanatoz Corporation \nSignificantly influenced by\nFu-Feng Kuo, CEO of the Company \n 83  \n 80  \n 83 \n\nZhao Jian Fu Co., Ltd. \nSignificantly influenced by\nFu-Feng Kuo, CEO of the Company \n 48  \n 47  \n 48 \n\nFu-Feng Kuo \nCEO and Chairwoman of the Company \n 2  \n 2  \n 2 \n\n** **\n\n \n \n \n \n**As of\nDecember 31,**\n \n\n**Related Parties**\n \n**Nature**\n \n**2024**\n \n \n**2025**\n \n\n \n \n \n \n**US$ thousand**\n \n\n**Loan from related parties**\n \n \n \n \n \n \n \n \n\nNobel Consumer Corporation\n \nManaged by Xue-Juan Chen, a related\n\nparty of the Company\n \n \n1,706\n \n \n \n2,558\n \n\nFu-Feng Kuo\n \nCEO and Chairwoman of the Company\n \n \n2,018\n \n \n \n1,383\n \n\nPanatoz Corporation\n \nSignificantly influenced by Fu-Feng Kuo,\n\nCEO of the Company\n \n \n1,336\n \n \n \n1,760\n \n\nZhao Jian Fu Co., Ltd\n \nSignificantly influenced by Fu-Feng Kuo,\n\nCEO of the Company\n \n \n455\n \n \n \n475\n \n\n \n \n \n \n \n \n \n \n \n \n \n\n**Operating lease liabilities due to related parties (including current and non-current)**\n \n \n \n \n \n \n \n \n \n \n\nPanatoz Corporation\n \nSignificantly influenced by Fu-Feng Kuo,\n\nCEO of the Company\n \n \n65\n \n \n \n21\n \n\nZhao Jian Fu Co., Ltd\n \nSignificantly influenced by Fu-Feng Kuo,\n\nCEO of the Company\n \n \n110\n \n \n \n79\n \n\nFu-Feng Kuo\n \nCEO and Chairwoman of the Company\n \n \n—\n \n \n \n7\n \n\n \n \n \n \n \n \n \n \n \n \n \n\n**Other non-current liabilities due to related parties**\n \n \n \n \n \n \n \n \n \n \n\nFu-Feng Kuo(1)\n \nCEO and Chairwoman of the Company\n \n \n62\n \n \n \n62\n \n\nJu-Ting Chen(1)\n \nThe shareholder of the Company\n \n \n566\n \n \n \n566\n \n\n \n \n \n \n \n \n \n \n \n \n \n\n**Loan to related party**\n \n \n \n \n \n \n \n \n \n \n\nLinkage Gladden Enterprise Ltd\n \nShareholder of the Company, see also “Item 6. Directors, Senior Management and Employees — E. Share Ownership”\n \n \n \n \n \n \n \n \n\n \n\n \n\nNotes:\n\n** **\n\n(1)The balance of other non-current liabilities due to related\nparties resulted from the transaction with Fu-Feng Kuo and Ju-Ting Chen that they paid securities exchange tax and bridge loan fees on\nbehalf of us during 2018 and 2019.\n\n** **\n\nNobel Consumer Corporation, Panatoz Corporation,\nFu-Feng Kuo, and Ju-Ting Chen provided guarantees of short-term and long-term loans from Shanghai Commercial & Savings Bank,\nLtd. and long-term loans from Taiwan Cooperative Bank to HEB. As of December 31, 2024, and 2025, the amount of borrowing guaranteed\nwere US$9,314 thousand and US$9,835 thousand, respectively.\n\n** **\n\nOn June 24, 2025, we, as lender, entered into the a loan agreement\nwith Linkage Gladden Enterprise Ltd., one of our shareholders, as borrower, pursuant to which we extended a loan in the principal amount\nof US$15,000 thousand at a fixed annual interest rate of 8.0%. Under the terms of the loan agreements, the principal, together with all\naccrued interest, was due in one single lump-sum payment upon maturity on June 23, 2027. In September and October 2025, we received aggregate\nrepayments of approximately US$1,490 thousand. As of December 31, 2025, the outstanding loan receivable was approximately US$13,510 thousand\nand the related accrued interest receivable was approximately US$602 thousand. For the year ended December 31, 2025, interest income recognized\nfrom this loan was approximately US$602 thousand. In the subsequent period through May 12, 2026, we received an aggregate repayment of\napproximately US$12,328 thousand. As of the date of this annual report, the outstanding loan amount is approximately US$1,182 thousand,\nwhich will be fully repaid by Linkage Gladden Enterprise Ltd. no later than May 31, 2026. See also “Item 10. Additional Information\n— C. Material Contracts.”\n\n** **\n\n145\n\n \n\n \n\nC. Interests\nof Experts and Counsel\n\n \n\nNot applicable."}