Today's Information

Provided by: YeaShin International Development Co., Ltd.
SEQ_NO 1 Date of announcement 2022/08/17 Time of announcement 14:34:36
Subject
 Announcement of Company selling building land
to related parties
Date of events 2022/08/17 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):
One land on Land No. 890, Lixin Section Linkou District, New Taipei City
2.Date of the occurrence of the event:2022/08/17
3.Transaction unit amount (e.g.XX square meters, equivalent
to XX ping), unit price, and total transaction price:
 Transaction amount:
Land No. 890, Lixin Section, New Taipei City, is 679.68 square meters,
equivalent to 205.6 Pings.
Each unit price is NT$1,800,000, with a total transaction amount of
NT$370,080,000.
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):
Counterparty Kuoyuan Construction Co., Ltd.( hereinafter referred to as
"Kuoyuan") is determined as the related party of the Company according
to the relevant law and decree in IAS24.
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:
Reason for selecting the related party as the object of transaction:
Selection by general transaction conditions, with the transacting conditions
identical between the related parties and non-related parties.
The owner of previous transfer, transfer price, and date of acquisition:
The Company has merged with YEASHIN DEVELOPMENT CO., LTD. in 2013.
The transaction land was acquired from the merger and acquisition and the
previous date of acquisition is over 5 years from this transaction. Moreover,
the original object of the transaction did not have any relation to our
Company and the related party, Kuoyuan Construction Co., Ltd.
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 to 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):
The estimated gain on disposal is approximately NT$103,000,000.
8.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
 and other important terms and conditions:
To be delivered according to the agreement of land for separate parcels
of land number.
Other important terms and conditions:None
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 department:
To be negotiated with reference on market price and the authorization
from the Board of Directors to the Chairman for implementation.
10.Name of the professional appraisal firm or company
and its appraisal price:
HomeBan Appraisers Joint Firm, valuation amount of NT$359,800,000.
11.Name of the professional appraiser:
Li, Ching-Tang.
12.Practice certificate number of the professional
appraiser:
(108)TCG_NO.000278
13.The appraisal report has a limited price, specific
price, or special price:None or not applicable
14.An appraisal report has not yet been obtained:None or 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:None
21.Concrete purpose or use of the acquisition or disposal:
Put stocking land into use and integrate the company resources.
22.Any dissenting opinions of directors to the present
transaction:None
23.Whether the counterparty of the current transaction
 is a related party:Yes
24.Date of the board of directors' resolution:2022/08/17
25.Date of ratification by supervisors or approval
by the audit committee:2022/08/17
26.The transaction is to acquire a real property or
right-of-use asset from a related party:No
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

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YeaShin International Development Co. Ltd. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 06:53:03 UTC.