Announcement on behalf of subsidiary An-Shin Real Estate Management Ltd. of resolution of right-of-use assets acquisition ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject：Announcement on behalf of subsidiary An-Shin Real Estate Management Ltd. of resolution of right-of-use assets acquisition
To which item it meets：paragraph 20
Date of events：2021/07/07

Statement：

1. Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): 8F.& B1, No.100, Sec. 5, Xinyi Rd., Xinyi Dist., Taipei City 110
2. Date of occurrence of the event:2021/07/07
3. Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Administrative area(a basement included)amounts to 276.63 pings; Unit price(tax included):NT$648,750 per month, equivalent to NT$2,345 per ping(tax included). Total transaction price(right-of-use assets converted from rental under IFRS 16) is NTD14,561,087.
4. Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):
   • counterparty: Sinyi Realty Inc.(related party)
   • relationship with the Company: Sinyi Realty Inc. 51% indirectly owns An-Shin Real Estate Management Ltd.
5. Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:
   • the reason for choosing the related party as trading counterparty: based on the aggregate plans of operation of the Group.
   • the identity of the previous owner, its relationship with the Company and the trading counterparty、 the previous date and monetary amount of transfer: not applicabe.
6. Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction: Not applicable.
7. Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition): Not applicable.
8. Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: monetary amount(tax included):NT$648,750 per month, and the term is for 2 years from the date of its execution according to the contract. Restrictive covenants in the contract: none.
9. The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: Price comparison and negotiation: quotations offered by market price. Decision making unit: according to authorization of the Company.
10. Name of the professional appraisal firm or company and its appraisal price: not applicable.
11. Name of the professional appraiser: not applicable.
12. Practice certificate number of the professional appraiser: not applicable.
13. The appraisal report has a limited price, specific price, or special price: not applicable.
14. An appraisal report has not yet been obtained: not applicable.
15. Reason for an appraisal report not being obtained: not applicable.
16. Reason for any significant discrepancy with the appraisal reports and opinion of the CPA: not applicable.
17. Name of the CPA firm: not applicable.
18. Name of the CPA: not applicable.
19. Practice certificate number of the CPA: not applicable.
20. Broker and broker's fee: not applicable.
21. Concrete purpose or use of the acquisition or disposal: for operation.
22. Any dissenting opinions of directors to the present transaction: no.
23. Whether the counterparty of the current transaction is a related party: Yes
24. Date of the board of directors resolution: 2021/07/07
25. Date of ratification by supervisors or approval by the audit committee: 2021/07/07
26. The transaction is to acquire a real property or right-of-use asset from a related party: Yes
27. The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: not applicable.
28. Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations: not applicable.
29. Any other matters that need to be specified: none.