Announcement on behalf of ZhanCheng Tourism Development Sdn. Bhd. regarding the proposed acquisition of right-of-use assets from a related party ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject：Announcement on behalf of ZhanCheng Tourism Development Sdn. Bhd. regarding the proposed acquisition of right-of-use assets from a related party

To which item it meets：paragraph 20
Date of events： 2026/07/29

Statement:

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,

Lot XX, North District, Taichung City):Part of land near the sea located

at Kg. Pengalat Besar, Papar District, Sabah, Malaysia.

2.Date of occurrence of the event:2026/07/29

3.Date of the board of directors resolution:2026/07/29

4.Other approval date:not applicable

5.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),

unit price, and total transaction price:13,808 sq.m.(approx. 4,176.92 ping)

Unit Price: MYR 386 / sq.m.

Total Amount: MYR 5,327 thousand (approx. NT$ 42,150 thousand)

6.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):Treasure Sage Sabah Sdn. Bhd. (TSS)

(A 100%-owned subsidiary of Yu Heng Co., Ltd.,

which indirectly holds more than 50% of the Company)

7.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)reason:conducted a land swap with TSS to acquire land adjacent

to the hotel development area to facilitate overall integrated planning

for ancillary facilities.

(2)previous owner:THIEN PIN LEONG, DAYANGKU ZELIHA,

BINTI PG JALALUDDIN, and SUZIH BT MOHD ZAINI; Non-related parties

(3)trading counterparty:August 18, 2023 ~ October 6, 2023

(4)previous date and monetary amount of transfer:MYR 4,060 thousand

(approx. NT$ 32,124 thousand)

8.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

9.Projected gain (or loss) through disposal (not applicable for

acquisition of assets; those with deferral should provide a table

explaining recognition):not applicable

10.Terms of delivery or payment (including payment period and

monetary amount), restrictive covenants in the contract,

and other important terms and conditions:

Delivery Terms:

Acquisition via partial cash purchase and partial land swap:

(1) Cash Purchase:

3,589 sq.m. for MYR 1,450 thousand. Zhancheng pays a 10% down payment

(MYR 145 thousand) upon signing, and the balance upon land title transfer.

(2) Land Swap:

Zhancheng and TSS need to deliver their pieces of land valued at MYR

3,867 thousand and MYR 3,877 thousand respectively, with the same square

meters of 10,219.

Zhancheng pays an additional price difference of MYR 10 thousand to TSS.

Restrictive Covenants & Key Terms:

TSS must complete land re-zoning and acquire ownership within 12 months

of the contract date, and deliver the Transfer Permit and Subdivision

Approval Offer Letter within 4 months thereafter.

11.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:

decision method: negotiation

pricing reference basis: reference to independent appraisal report

decision-making body: board of directors of the Company

12.Name of the professional appraisal firm or company and

its appraisal price:HENRY BUTCHER MALAYSIA (SABAH) SDN. BHD.

Appraised Value: MYR 5,327 thousand (approx. NT$

42,150 thousand)

13.Name of the professional appraiser:Lee Eden Abraham

14.Practice certificate number of the professional appraiser:license No.V-1252

15.The appraisal report has a limited price, specific price,

or special price:Not Applicable

16.An appraisal report has not yet been obtained:Not Applicable

17.Reason for an appraisal report not being obtained:Not Applicable

18.Reason for any significant discrepancy with the appraisal reports

and opinion of the CPA:Not Applicable

19.Name of the CPA firm:Not Applicable

20.Name of the CPA:Not Applicable

21.Practice certificate number of the CPA:Not Applicable

22.Broker and broker's fee:Not Applicable

23.Concrete purpose or use of the acquisition or disposal:To develop tourism

business and complement the overall hotel development project.

24.Any dissenting opinions of directors to the present transaction:None

25.Whether the counterparty of the current transaction is a

related party:yes

26.Date of ratification by supervisors or approval by

the audit committee:2026/07/29

27.The transaction is to acquire a real property or right-of-use

asset from a related party:yes

28.The price assessed in accordance with the Article 16 of the

Regulations Governing the Acquisition and Disposal of Assets

by Public Companies:NT$32,124,000

29.Where the above assessed price is lower than the transaction price,

the price assessed in accordance with the Article 17 of the same

regulations:NA

30.Date on which material information regarding the same event

has been previously released:NA

31.Any other matters that need to be specified:as the acquisition which

involves a land swap, it is a related transaction to the announcement

dated July 29 titled ”Announcement on behalf of ZhanCheng Tourism

Development Sdn. Bhd. regarding the proposed disposal of right-of-use

assets to a related party”.