Announcement on behalf of Sinyi Development Inc. entering into an investment contract "Tucheng-Shulin Line LG17 Station Entrance A MRT Development Project" ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject： Announcement on behalf of Sinyi Development Inc. entering into an investment contract "Tucheng-Shulin Line LG17 Station Entrance A MRT Development Project"

To which item it meets：paragraph 20
Date of events： 2025/02/08

Statement:

1.Type of contract:jointly-constructed with house divided
2.Date of occurrence of the event:2025/02/08
3.Counterparty to the contract and relationship with the Company: Contract Counterparty: Department of Rapid Transit Systems of New Taipei City Government; relationship with the Company: None.
4.Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and start and end dates of the contract), restrictive covenants, and other important terms and conditions:
(1) development site:15 Land lots including No. 338, 339, etc.,located at Shude Section, Shulin District, New Taipei City.
(2) Site Area: 1,306.72 square meters, approximately equivalent to 395.28 ping.
(3) Estimated total investment amount: NT$1,634,652 thousand
(4) Contract start and end date: construction will be completed within 2,005 calendar days from the start date of the project.
5.Name of the professional appraisal firm or company and its appraisal opinion:not applicable
6.Name of the real property appraiser:not applicable
7.Practice certificate number of the real property appraiser:not applicable
8.Concrete purpose of the acquisition:to meet business development needs and expand the brand's track record in MRT development.
9.Any dissenting opinions of directors to the present transaction:not applicable
10.Whether the counterparty of the current transaction is a related party:no
11.Date of the board of directors resolution:NA
12.Date of ratification by supervisors or approval by the audit committee:NA
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.Any other matters that need to be specified:the Company's board of directors resolved on October 28, 2024, to authorize the Chairman of Sinyi Development Inc. to participate in real estate development project bidding and contract signing matters.