Lungyen Life Service : Announce the resolution of the Company’s board of directors to obtain securities

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Provided by: LUNGYEN LIFE SERVICE CORPORATION
SEQ_NO	2	Date of announcement	2022/08/10	Time of announcement	17:44:36
Subject	Announce the resolution of the Company's board of directors to obtain securities
Date of events	2022/08/10	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.): YUJI DEVELOPMENT CORPORATION common stock 2.Date of occurrence of the event:2022/08/10 3.Volume, unit price, and total monetary amount of the transaction: Volume:86,101,792 shares unit pric:NT$15.3 per share total monetary amount:NT$1,317,357,418 4.Trading counterparty and its relationship to 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): Trading counterparty: Acquired 56,774,709 shares from RISE UP INTERNATIONAL LIMITED,BVI Acquired 29,327,083 shares from SINO MARKET GLOBAL LIMITED, BVI Its relationship to the Company: none 5.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 value of transfer:not applicable 6.Where an owner of the underlying assets within the past five years has been an 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 to the Company at the time of the transaction: not applicable 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party:not applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status of recognition shall be listed and explained):not applicable 9.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions: According to the agreement between the two parties 10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit:The Company's board of directors 11.Net worth per share of the Company's underlying securities acquired or disposed of:NT$18.22 12.Cumulative no.of shares held (including the current transaction), their monetary value, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: no.of shares held:196,824,982 shares monetary value:NT$2,217,357,418 shareholding percentage:96.73% status of any restriction of rights:none 13.Ratio of securities investment (including the current transaction) to the total assets and shareholder's equity of the parent company on the latest financial statements, and the operating capital on the latest financial statements, as of the present moment: (1)Current ratio to the total assets as shown in the most recent financial statement:28.97% (2)Current ratio to the shareholder's equity as shown in the most recent financial statement:93.90% (3)The operational capital as shown in the most recent financial statement:-5,963,029 thousands (4)Source of funds for acquiring securities: own funds 14.Broker and broker's fee:not applicable 15.Concrete purpose or use of the acquisition or disposal: Financial investment 16.Whether the directors expressed any objection to the current transaction:none 17.Whether the counterparty of the current transaction is a related party:none 18.Date of the Board of Directors' resolution:2022/08/10 19.Date of ratification by supervisors or approval by the Audit Committee:2022/08/10 20.Whether the CPA issued an opinion on the unreasonableness regarding the current transaction:none 21.Name of the CPA firm:Yangtze CPAs and Co. 22.Name of the CPA:Hu, Hsiang-Ning 23.License no.of the CPA:Taichung City Council Certificate No.0191 24.Any other matters that need to be specified: The net value per share of the underlying company of the securities is the audited net value of 2021.