China Man-Made Fiber Corporation announced that the company's Board of Directors resolved to sign a joint construction contract with the unrelated parties for Zhixing Section, Wanhua District, Taipei City. The Company provides land at Zhixing Section,Wanhua District, Taipei City with a total area of 1,173 square meters (approximately 354.83 ping) and signs a joint construction contract with WE & WIN Development Co., LTD. Estimated joint construction allocation ratio of the Company is 55.8% to 56.5%. Name of the professional appraisal firm or company and its appraisal opinion: HomeBan Appraisers Joint Firm: Li, Ching-Tang BaoYuan Appraisers Firm: Yeh, Tzu-Kuang.