Gigabyte, a company well known for manufacturing computer components such as motherboards, has lost $5 million due to an internal scandal. A factory manager at Ningbo Gigabyte Technology in China, named Chang Chaosong, listed the company as a guarantor for a bank loan of $5 million towards a third party, meaning that Gigabyte would be held responsible for repaying the loan if the third party did not. As things happened, the third party company (which is not named) did not repay the money, leaving Gigabyte out of pocket. The deal had been carried out by Chaosong without the company's permission, leading to him being fired whilst Gigabyte investigates deeper into the matter. Gigabyte commented that this loss greatly damaged its shareholders' rights and interests and that the company now intends to strengthen its management of human resources to prevent such incidents in future.