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

Subject：Announcement on behalf of ZhanCheng Tourism Development Sdn. Bhd. regarding the proposed disposal of right-of-use assets to 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:10,219 sq.m. (approx. 3,091 ping)

Unit Price: MYR 378 / sq.m.

Total Amount: MYR 3,867 thousand (approx. NT$ 30,599 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:not applicable

(3)trading counterparty:not applicable

(4)previous date and monetary amount of transfer:not applicable

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):MYR 1,309 thousand

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:

Under this land swap, TSS will deliver land valued at MYR 3,877 thousand

to ZhanCheng, while ZhanCheng will pay a MYR 10 thousand price difference.

TSS must complete land-use conversion and obtain title within 12 months of

contract date, and deliver the permission to transfer and subdivide

offer letters within 4 months thereafter.

Land delivery by both parties will occur simultaneously upon ownership

transfer.

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 3,867 thousand (approx. NT$

30,599 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:Not Applicable

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:Not Applicable

30.Date on which material information regarding the same event

has been previously released:NA

31.Any other matters that need to be specified:This asset disposal

is part of a land swap arrangement and is directly related to

the announcement dated July 29, 2026 titled”Announcement on behalf of

ZhanCheng Tourism Development Sdn. Bhd. regarding

proposed acquisition of right-of-use assets from a related party”.