|SEQ_NO||1||Date of announcement||2022/12/20||Time of announcement||17:58:12|
FERD, FENC’s subsidiary, plans to dispose the land, Lot No. 982 at Ya Dong Section of Banqiao District in New Taipei City, to related parties.
|Date of events||2022/12/20||To which item it meets||paragraph 20|
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): (1) Name: Lot No. 982 at Ya Dong Section of Banqiao District in New Taipei City (2) Nature: Specific District II Used for Communications and Digital Purposes (B) 2.Date of occurrence of the event:2022/12/20 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: (1)Household name: C-11F Land: the holding area of 40.1166 square meters, equivalent to 12.14 pings Unit price: NT$1.970 million per ping Transaction price: NT$23.909 million (2)Household name: B-06F Land: the holding area of 17.5959 square meters, equivalent to 5.32 pings Unit price: NT$2.047 million per ping Transaction price: NT$10.895 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)Household name: C-11F Trading counterparty: Shih Ya Bin Relationship with the Company: spouse of the Director of the Company’s affiliated company (2)Household name: B-06F Trading counterparty: Bai Pei Chi Relationship with the Company: spouse of the Director of the Company’s affiliated company 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: residential property sales (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 trading counterparty: spouse of the Director of the Company's affiliated company. (4)Previous transfer price: N/A (FENC spun off its land holdings and transferred to FERD) (5)Previous transfer date: 2004/6/10 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): The estimated disposal gain would be around 36%. 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: Market price (3)The decision-making department: Board of Directors 10.Name of the professional appraisal firm or company and its appraisal price:N/A 11.Name of the professional appraiser:N/A 12.Practice certificate number of the professional appraiser:N/A 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: Newland Harmony Advertising Co., Ltd. with broker's fee around NT$1.479 million 21.Concrete purpose or use of the acquisition or disposal: Residential property sales 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:2022/12/20 25.Date of ratification by supervisors or approval by the audit committee:2022/12/20 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