Southeast Cement : Announcement on behalf of subsidiary Southeast Gaoliang Recycling Co.,Ltd.to Lease Acquisition of right-of-Use Assets from Southeast Cement Co.,Ltd.

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Provided by: SOUTHEAST CEMENT CO.,LTD.
SEQ_NO	1	Date of announcement	2022/08/11	Time of announcement	17:20:27
Subject	Announcement on behalf of subsidiary Southeast Gaoliang Recycling Co.,Ltd.to Lease Acquisition of right-of-Use Assets from Southeast Cement Co.,Ltd.
Date of events	2022/08/11	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):Land of 6550-1, 6551, Chiu-chou-liu Section 3, Chikan, Daliao District, Kaohsiung City. 2.Date of occurrence of the event:2022/08/11 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Lease area: 10,626 square meters,around 3,214.36 ping Unit price:NT$182/ping per month, Monthly rent is NT$585,000, Annual rent is NT$7,020,000, Amount of right to use assets: NT$117,728,843 4.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): Southeast Cement Co.,Ltd.(head office) 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 amount of transfer: the reason for choosing the related party as trading counterparty:The land is located in the Dafa Industrial Zone in Kaohsiung City, where Sinosteel's subsidiary Zhongneng Resources and related process companies are located.The above-mentioned reasons and the advantages of its location in the industrial area are favorable to the The EIA application the identity of the previous owner:N/A its relationship with the Company and the trading counterparty:N/A the previous date and monetary amount of transfer:N/A 6.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:N/A 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1)20 years lease,rent is paid monthly. Monthly rent is NT$585,000 with 3% annual increase. (2)The lessee has the right of first refusal at the end of the lease term. 9.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: The reference basis for the decision on price: Reference the appraisal report of Mage real estate appraiser firm. The decision-making unit：The Board of Directors decided. 10.Name of the professional appraisal firm or company and its appraisal price: Mage real estate appraiser firm Amount of land right to use assets: NT$117,666,411 11.Name of the professional appraiser: Mage real estate appraiser firm:Su, Wen-Qing 12.Practice certificate number of the professional appraiser: Wen-Qing Su:(103)KCG_NO.000091(Replacement) 13.The appraisal report has a limited price, specific price, or special price:N/A 14.An appraisal report has not yet been obtained:N/A 15.Reason for an appraisal report not being obtained:N/A 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:N/A 17.Name of the CPA firm:N/A 18.Name of the CPA:N/A 19.Practice certificate number of the CPA:N/A 20.Broker and broker's fee:N/A 21.Concrete purpose or use of the acquisition or disposal: Company building factory 22.Any dissenting opinions of directors to the present transaction: N/A 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2022/08/11 25.Date of ratification by supervisors or approval by the audit committee:2022/08/11 26.The transaction is to acquire a real property or right-of-use asset from a related party:Yes 27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:N/A 28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations:N/A 29.Any other matters that need to be specified:None.