Tung Ho Steel : Announcement on the resolution of the board of directors of the company to purchase land from the National Property Administration, Ministry of Finance

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Provided by: Tung Ho Steel Enterprise Corp.
SEQ_NO	11	Date of announcement	2022/03/10	Time of announcement	19:16:02
Subject	Announcement on the resolution of the board of directors of the company to purchase land from the National Property Administration, Ministry of Finance
Date of events	2022/03/10	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): 1.The land located at Guanyin Dist., Taoyuan City. 2.Total 41 land numbers at Baozhang Sec.including 1157,1162,1162-1,1163,1163-1,1163-2,1167,1167-1,1174,1177, 1206,1215,1216,1216-1,1216-2,1218,1218-1,1218-2,1219, 1219-1,1219-2,1226,1226-1,1226-2,1226-3,1227,1227-1,1227-2, 1228,1228-1,1228-2,1228-3,1229,1229-1,1294, 1306,1306-1,1307,1307-1,1307-2,1313,etc. 2.Date of occurrence of the event:2022/03/10 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: A.The land is 14,248.63 square meters, equivalent to 4,310.21 ping. B.Total transaction price of NTD423,896,757. 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): A.Trading counterparty: National Property Administration, Ministry of Finance. B.Relationship with 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 amount of transfer:Not applicable. 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:Not applicable. 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):Not applicable. 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Before the deadline indicated in the consent for sale on the National Property Administration, Ministry of Finance. a written reply agrees to purchase according to the appraised price, and prepaid security deposit to offset the land price then after issue a title transfer certificate of property rights. 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: A.The property price assessed by the National Property Administration, Ministry of Finance in accordance with the "Appraisal Procedures for State-Owned Property", the company appoints a real estate appraiser to review the rationality of the assessed property price. B.Decision-making unit: the board of directors. 10.Name of the professional appraisal firm or company and its appraisal price:Not applicable. 11.Name of the professional appraiser:Not applicable. 12.Practice certificate number of the professional appraiser:Not applicable. 13.The appraisal report has a limited price, specific price, or special price:Not applicable. 14.An appraisal report has not yet been obtained:Not applicable. 15.Reason for an appraisal report not being obtained:Not applicable. 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:Not applicable. 17.Name of the CPA firm:Not applicable. 18.Name of the CPA:Not applicable. 19.Practice certificate number of the CPA:Not applicable. 20.Broker and broker's fee:Not applicable. 21.Concrete purpose or use of the acquisition or disposal: A.In accordance with paragraph 3 of Article 43 of the Statute for Industrial Innovation, apply for the National Land within the scope of the company's "development plan of TUNG HO Guanyin Industrial Park, Guanyin District, Taoyuan City". B.Use of the acquisition or disposal: Set up a professional steel bar processing and forming park. 22.Any dissenting opinions of directors to the present transaction:None. 23.Whether the counterparty of the current transaction is a related party:None. 24.Date of the board of directors resolution:NA 25.Date of ratification by supervisors or approval by the audit committee:NA 26.The transaction is to acquire a real property or right-of-use asset from a related party:Not applicable. 27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:Not applicable. 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:Not applicable. 29.Any other matters that need to be specified:None.