Announcement on behalf of subsidiary Sinyi Development Inc.signing of agreement for Zhongshan Dist., Taipei Urban Renewal Project ｜ Sinyi Realty Inc. ｜ Investor Relations

Subject：Announcement on behalf of subsidiary Sinyi Development Inc.signing of agreement for Zhongshan Dist., Taipei Urban Renewal Project

To which item it meets：paragraph 20
Date of events： 2026/08/12

Statement:

 

1.Type of contract:Government-led Urban Renewal Project

2.Date of occurrence of the event:2026/08/12

3.Date of the board of directors resolution:2026/02/26

4.Other approval date:NA

5.Counterparty to the contract and relationship with the Company:

Taipei City Urban Revitalization Center; Non-related party

6.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) Land Description:

Land Lot No. 712-1 and 3 other land lots, Subsection 1, Changchun

Section, Zhongshan District, Taipei City

(2) Site Area:

1,063 square meters (approximately 321.56 ping)

(3) Estimated Total Investment Amount:

NT$ 1,107,086 thousand

(4) Contract Duration / Construction Period:

Construction to be completed within 1,460 calendar days starting from

the commencement date

7.Name of the professional appraisal firm or company and its

appraisal opinion:

(1)Cushman & Wakefield Real Estate Appraisers Firm

Jointly-shared ratio for the Company: 41% to 43%

(2)Honda Real Estate Appraisers Firm

Jointly-shared ratio for the Company: 41.01% to 43.55%

8.Name of the real property appraiser:

(1)Cushman & Wakefield: Yi-Hsuan Li

(2)Honda Real Estate Appraisers: Chien-Ming Tsai

9.Practice certificate number of the real property appraiser:

1. Taipei City Certified Real Estate Appraiser License No. 109-000286

2. Taipei City Certified Real Estate Appraiser License No. 110-000301

10.Concrete purpose of the acquisition:To expand public urban renewal

business, enhance brand development track record, and boost future

operational performance.

11.Any dissenting opinions of directors to the present transaction:no

12.Whether the counterparty of the current transaction is a related party:no

13.Date of ratification by supervisors or approval by

the audit committee:2026/02/26

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

or special price:no

15.An appraisal report has not yet been obtained:no

16.Reason for an appraisal report not being obtained:no or not applicable

17.Reason for any significant discrepancy with the appraisal reports and

opinion of the CPA:NA

18.Name of the CPA firm:NA

19.Name of the CPA:NA

20.Practice certificate number of the CPA:NA

21.Date on which material information regarding the same event

has been previously released:NA

22.Any other matters that need to be specified:On February 26, 2026,

the Board of Directors of the Company authorized the Chairman of

Sinyi Development Inc. to handle all matters pertaining to this

case with full authority, within the limit of NT$ 2.5 billion.