| Statement |
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX,
North District, Taichung City):
(1) Name: 4 pieces of raw land at Denglin Section of Wugu District in New Taipei City,
such as Lot No. 227, 228, 229 & 230.
(2) Nature: Category B in industrial areas
2.Date of occurrence of the event:2023/11/03
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price,
and total transaction price:
(1) Land: 995.15 square meters, equivalent to 301.03 pings.
(2) Unit price: NT$0.5749 million per ping (3) Transaction price: NT$173.064 million
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):
(1) Trading counterparty: Far EasTone Telecommunications Co., Ltd. (hereafter referred to as FET).
(2) Relationship with the Company: Far Eastern Resources Development Co., Ltd. (FERD)
and FET are FENC’s subsidiaries.
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:
(1)Reason: For FET’s long-term operational plan to acquire land in Wugu.
(2)Owner of previous transfer: Far Eastern Textile Ltd. (renamed Far Eastern New Century
Corporation, hereafter referred to as FENC).
(3)Relationship between the Company and counterparty:
Relationship with the Company: FERD is FENC's wholly owned subsidiary.
Relationship with the Company: FET is FENC's subsidiary.
(4)Previous transfer price: N/A (FENC spun off its land holdings and transferred to FERD)
(5)Previous transfer date: 2004/01/14
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):
Disposal gain or loss will be offset due to FERD and FET are consolidated entities of FENC.
8.Terms of delivery or payment (including payment period and monetary amount),
restrictive covenants in the contract, and other important terms and conditions:
(1)Terms of delivery or payment:In accordance with the agreement
(2)Contractual restrictions and other important agreements:NIL
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:
(1)The manner of deciding on this transaction: Price negotiation
(2)The reference basis for the decision on price: The land evaluation reports
(3)The decision-making department: Board of Directors
10.Name of the professional appraisal firm or company and its appraisal price:
Professional appraisal firm or company:
Sinyi Real Estate Appraisers Firm Appraisal price: NT$171,830,000
11.Name of the professional appraiser: Sinyi Real Estate Appraisers Firm Wei-Hsin Chih,
the Real Estate Appraiser: (91) TCG_NO.000001
12.Practice certificate number of the professional appraiser:As above
13.The appraisal report has a limited price, specific price, or special price:No
14.An appraisal report has not yet been obtained:No
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:NIL
21.Concrete purpose or use of the acquisition or disposal:
For FET’s long-term operational plan to acquire land in Wugu.
22.Any dissenting opinions of directors to the present transaction:NIL
23.Whether the counterparty of the current transaction is a related party:Yes
24.Date of the board of directors resolution:2023/11/03
25.Date of ratification by supervisors or approval by the audit committee:2023/11/03
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: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:NIL
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