Announcement on behalf of subsidiary Sinyi Development Inc. of resolution of right-of-use assets acquisition ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject：Announcement on behalf of subsidiary Sinyi Development Inc. of resolution of right-of-use assets acquisition
To which item it meets： paragraph 20
1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City): 3F, No.100, Sec.5, Xinyi Rd., Xinyi
Dist., Taipei City 110
2.Date of occurrence of the event:2022/01/20
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Administrative area amounts to 75.28 pings;
Unit price(tax included): NT$333,782 per month, equivalent to
NT$4,434 per ping(tax included).
Total transaction price(right-of-use assets converted from rental under
IFRS 16) is NT$34,454,359.
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. 100% owns Sinyi Development
Inc.
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:
1.the reason for choosing the related party as trading counterparty:
based on the aggregate plans of operation of the Group.
2.the identity of the previous owner, its relationship with the Company and
the trading counterparty, the previous date and monetary amount
of transfer: not applicable.
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: NT$333,782 per month, and
the term is for 5 year 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: 2022/01/20
25.Date of ratification by supervisors or approval by
the audit committee: 2022/01/20
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.