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SEQ_NO |
1 |
Date of announcement |
2025/03/06 |
Time of announcement |
17:34:42 |
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Subject |
FENC's subsidiaries plan to amend the contract terms (Additional information regarding the material information on March 26, 2019) |
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Date of events |
2025/03/06 |
To which item it meets |
paragraph 20 |
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Statement |
1.Type of contract: A joint development agreement 2.Date of occurrence of the event: 2025/03/06 3.Counterparty to the contract and relationship with the Company: Far Eastern Resource Development Co., Ltd. (FERD) Far Eastern Construction Co., Ltd. (FECC) FERD and FECC are FENC's subsidiaries 4.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: (1)Total contract amount: N/A (2)Anticipated amount of the investments: FERD: NT$ 4,900,890,225 FECC: NT$ 7,039,040,472 (3)Starting & ending dates of the contract: The joint development agreement shall remain in effect from the signing date until construction is completed, all residential units and land are sold, and titles are transferred to the buyers. (4)Restrictive covenants: NIL (5)Other important stipulations: Both parties agree to amend the distributed portion if there is a discrepancy between actual and estimated investments or changes in the property market. (6)Jointly developed land lot: 10 pieces of raw land at Ya Dong Section of Banqiao District in New Taipei City, such as Lot No. 981-7, 982-1, 983, 984, 985, 986, 989, 990, 997 & 1007-3. (7)Jointly developed land size: 10,740 square meters, equivalent to 3,248.85 pings. (8)Distributed portion: Landowner (FERD): 40%; builder (FECC): 60% 5.Name of the professional appraisal firm or company and its appraisal opinion: (1)DTZ/Cushman & Wakefield LLP: Landowner (FERD): 40.47%; builder (FECC):59.53% (2)Sinyi Real Estate Appraisers Firm: Landowner (FERD): 39.70%; builder (FECC): 60.30% 6.Name of the real property appraiser: (1)Hank CH Tsai, real estate appraiser - (94) TCG_NO.000080 (2)Wei Hsin Chih, real estate appraiser - (91) TCG_NO.000001 7.Practice certificate number of the real property appraiser: As above 8.Concrete purpose of the acquisition: To jointly develop and sell the residential buildings 9.Any dissenting opinions of directors to the present transaction:NIL 10.Whether the counterparty of the current transaction is a related party: Yes 11.Date of the board of directors resolution: 2025/03/06 12.Date of ratification by supervisors or approval by the audit committee: 2025/03/06 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.Any other matters that need to be specified:NIL |
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