Trunkbow International Holdings Ltd - 10-Q filing on 2012-05-21

SUBSEQUENT EVENTS	3 Months Ended
Mar. 31, 2012
SUBSEQUENT EVENTS	25 — SUBSEQUENT EVENTS The Company has evaluated subsequent events from the balance sheet date through the date that the financial statements are issued and material subsequent event is as follows: 1) Short-term loan As part of the total bank facility obtained from Agriculture Bank of China on March 2, 2012, Trunkbow Shandong further received RMB18,000,000 (approximately $2,848,777) on April 26, 2012 secured by a transfer with full recourse of its accounts receivable of RMB20,155,000 (approximately $3,189,839). This short-term loan is due on October 25, 2012 and may only be used in connection with its project with Guangdong Guangxin Communications Service Co., Ltd. The loan is also personally guaranteed by Mr. Wanchun Hou and Mr. Qiang Li.

SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2012

25 — SUBSEQUENT EVENTS

The Company has evaluated subsequent events from the balance sheet date through the date that the financial statements are issued and material subsequent event is as follows:

1) Short-term loan

As part of the total bank facility obtained from Agriculture Bank of China on March 2, 2012, Trunkbow Shandong further received RMB18,000,000 (approximately $2,848,777) on April 26, 2012 secured by a transfer with full recourse of its accounts receivable of RMB20,155,000 (approximately $3,189,839). This short-term loan is due on October 25, 2012 and may only be used in connection with its project with Guangdong Guangxin Communications Service Co., Ltd. The loan is also personally guaranteed by Mr. Wanchun Hou and Mr. Qiang Li.