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2023-05-30
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Announcement on behalf of a 100% owned subsidiary, Sinyi Development Inc. intending to invest on real estate development
Subject： Announcement on behalf of a 100% owned subsidiary, Sinyi Development Inc. intending to invest on real estate development
To which item it meets：paragraph 51
Date of events： 2023/5/30
Statement：
1.Date of occurrence of the event:2023/05/30
2.Company name:Sinyi Development Inc.
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence: In order to persistently run real estate development business, the Company's Board of Directors resolved its 100% owned subsidiary, Sinyi Development Inc. (hereinafter referred to as”Sinyi Development”) to search real estate in Taipei City to joint construction or to acquire land for development in the amount of no more than NTD 2.5 billion, and at the same time authorizes the chairperson of Sinyi Development to negotiate the conditions and contract-related matters with others.
6.Countermeasures:not applicable
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): Announcement will be done in accordance with disclosure rules after the transaction conditions are almost fullfilled.
To which item it meets：paragraph 51
Date of events： 2023/5/30
Statement：
1.Date of occurrence of the event:2023/05/30
2.Company name:Sinyi Development Inc.
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:100%
5.Cause of occurrence: In order to persistently run real estate development business, the Company's Board of Directors resolved its 100% owned subsidiary, Sinyi Development Inc. (hereinafter referred to as”Sinyi Development”) to search real estate in Taipei City to joint construction or to acquire land for development in the amount of no more than NTD 2.5 billion, and at the same time authorizes the chairperson of Sinyi Development to negotiate the conditions and contract-related matters with others.
6.Countermeasures:not applicable
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): Announcement will be done in accordance with disclosure rules after the transaction conditions are almost fullfilled.