SEQ_NO |
2 |
Date of announcement |
2024/03/22 |
Time of announcement |
17:31:11 |
Subject |
Yuan-Ding Co., Ltd., FENC’s subsidiary, plans to acquire the right-of-use assets from a related party |
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Date of events |
2024/03/22 |
To which item it meets |
paragraph 20 |
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Statement |
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): The right-of-use assets: 18 pieces of the land and buildings at Land No. 786 in the Baiyun Section of Jiaoxi Township in Yilan County 2.Date of occurrence of the event:2024/03/22 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Rental area of Land: 13,567 pings ; rental area of buildings: 16,006 pings Unit price: Starting from the opening date, the annual rent is NT$140,000,000, with an additional operating commission, for a duration of 20 years. Right-of-use assets: NT$ 2,345,517,000 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 counterpart: Far Eastern Resources Development Co. Ltd.(FERD) (2)Relationship with the company: YDC and FERD are both 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)The hotel's location, size, and surroundings are better than those of nearby properties. (2)N/A 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):N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1)In accordance with the contract (2)The lease agreement should be reviewed six months before the hotel's soft opening. 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: Price negotiation / Market price / Board of Directors 10.Name of the professional appraisal firm or company and its appraisal price: (1)DTZ/Cushman & Wakefield LLP NT$2,454,257,000 (2)Honda Real Estate Appraiser Firm NT$ 2,432,220,000 11.Name of the professional appraiser: (1)Hank CH Tsai (2)Pin-Yu Chen 12.Practice certificate number of the professional appraiser: (1)(94) TCG_NO.000080 (2)(105) TCG_NO.000236 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: Reanda M Y Wu & Co., CPAs 18.Name of the CPA: M.Y. Wu 19.Practice certificate number of the CPA: Order No. Financial-Supervisory-Securities-Auditing-1000036796 of the Financial Supervisory Commission 20.Broker and broker's fee:NIL 21.Concrete purpose or use of the acquisition or disposal: As an office and operational site 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:2024/03/22 25.Date of ratification by supervisors or approval by the audit committee:2024/03/22 26.The transaction is to acquire a real property or right-of-use asset from a related party:Yes 27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies: NT$2,863,243,853 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 |