Sakura Development Co.,Ltd announced contract for the new construction of the project located at No.181th, Yuxian Section,Taiping District, Taichung City. Counterparty to the contract and relationship with the Company: Counterparty: GUO-CHENG CONSTRUCTION LTD. Relationship with the Company: Non related-party. 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: Total contract amount: TWD 645,059,939 (VAT inclusive).

Start and end dates of the contract: May 20, 2022 to May 20, 2025.