Announcements
07.Nov.2022
Announcement of the company's board of directors resolutions to dispose of real estate related information.(Supplemental announcement of 11/9/2018)
1.Name and nature of the underlying asset (e.g., land
located at Sublot XX, Lot XX, North District, Taichung City):
Land No. 74 (part), 75 (part), 76, 77, 78, Yishi Section, Liuying District,
Tainan City
2.Date of the occurrence of the event:2022/11/07
3.Transaction unit amount (e.g.XX square meters, equivalent
to XX ping), unit price, and total transaction price:
Transaction amount:
Land area: 13,273.46 square meters, equivalent to about 4,015.22 ping (the
actual area is determined by the Land Administration After the merger and
division, the land area listed in the register shall prevail);
Price per unit: NT$78,000 per ping (plus tax)
Total transaction amount: NT$313,187,160 (plus tax)
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):
Transaction counterparty: Xinnotec Environmental Technology Co., Ltd
Relationship with the company: none
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:None
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:None
7.Projected gain (or loss) through disposal (not
applicable for acquisition of assets; those with deferral
should provide a table explaining recognition):
The estimated disposition benefit is NT$220,000,000
8.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
and other important terms and conditions:
According to the agreement of the transaction contract.
The land subject to disposal is located in the first-phase development
zone of Liuying Science and Technology Industrial Zone. In accordance
with the land resale restrictions stipulated in the key points for
land sales in the first-phase development zone of Liuying Science and
Technology Industrial Zone, the factory registration certificate or
the permission document issued by the competent authority shall be
obtained. The transfer of ownership of the subject land can be carried out.
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:
The transaction decision method: Tender
Reference basis for price determination: refer to market conditions and
appraisal reports from professional appraisal agencies Decision-making unit:
After the audit committee deliberation and approval, it is submitted to the
board of directors for resolution.
10.Name of the professional appraisal firm or company
and its appraisal price:
Professional appraiser firm or company name: Real Estate Appraiser Firm
Estimated amount: NT$89,940,928
11.Name of the professional appraiser:YU,CHUNG-CHENG
12.Practice certificate number of the professional
appraiser:(101) Kaohsiung City Estimation No. 000069
13.The appraisal report has a limited price, specific
price, or special price:None
14.An appraisal report has not yet been obtained:None
15.Reason for an appraisal report not being obtained:None
16.Reason for any significant discrepancy with the appraisal
reports and opinion of the CPA:None
17.Name of the CPA firm:None
18.Name of the CPA:None
19.Practice certificate number of the CPA:None
20.Broker and broker's fee:None
21.Concrete purpose or use of the acquisition or disposal:
Activation of assets, repayment of bank loans.
22.Any dissenting opinions of directors to the present
transaction:none
23.Whether the counterparty of the current transaction
is a related party:no
24.Date of the board of directors’ resolution:none
25.Date of ratification by supervisors or approval
by the audit committee:none
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:none
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:none
29.Any other matters that need to be specified:
On November 9, 2017, the company signed a real estate sales contract with
Xinnotec Environmental Technology Co., Ltd(hereinafter referred to as
Xinnotec Company). The company is willing to sell the land under the name
of Liuying District to Xinnotec Company. Article 4 of the contract
stipulates, ”After the establishment of the contract, in order for the
start-up company to comply with the ”Key Points of Land Sale in Liuying
Science and Technology Industrial Zone, Tainan City” or the regulations of
the competent authority or the regulations for entering the park, etc....
The company and the start-up company have agreed to separate Sign a land
lease contract, and the lease period is agreed to be three years. ?… The
three-year lease expires, if the new company has not yet met the requirements
When the conditions for the transfer of the subject matter cannot be met due
to the ”Key Points of Land Sale in Liuying Science and Technology Industrial
Zone, Tainan City”, as long as the new company has no breach of contract, the
company agrees that the lease period may be renewed for another year...”.
In order to promote the domestic environmental protection and recycling
industry technology, the new company has specially introduced advanced
manufacturing equipment from Japan. However, due to the epidemic, the new
company has not yet met the conditions for the transfer of the sale and
purchase after the three-year lease expires. Therefore, the two parties
shall continue the lease according to the original contract. On October 1,
2021, the first supplementary agreement for the real estate sale and purchase
contract was signed, and the extension of the lease period was from November
10, 2021 to November 09, 2022.
located at Sublot XX, Lot XX, North District, Taichung City):
Land No. 74 (part), 75 (part), 76, 77, 78, Yishi Section, Liuying District,
Tainan City
2.Date of the occurrence of the event:2022/11/07
3.Transaction unit amount (e.g.XX square meters, equivalent
to XX ping), unit price, and total transaction price:
Transaction amount:
Land area: 13,273.46 square meters, equivalent to about 4,015.22 ping (the
actual area is determined by the Land Administration After the merger and
division, the land area listed in the register shall prevail);
Price per unit: NT$78,000 per ping (plus tax)
Total transaction amount: NT$313,187,160 (plus tax)
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):
Transaction counterparty: Xinnotec Environmental Technology Co., Ltd
Relationship with the company: none
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:None
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:None
7.Projected gain (or loss) through disposal (not
applicable for acquisition of assets; those with deferral
should provide a table explaining recognition):
The estimated disposition benefit is NT$220,000,000
8.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
and other important terms and conditions:
According to the agreement of the transaction contract.
The land subject to disposal is located in the first-phase development
zone of Liuying Science and Technology Industrial Zone. In accordance
with the land resale restrictions stipulated in the key points for
land sales in the first-phase development zone of Liuying Science and
Technology Industrial Zone, the factory registration certificate or
the permission document issued by the competent authority shall be
obtained. The transfer of ownership of the subject land can be carried out.
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:
The transaction decision method: Tender
Reference basis for price determination: refer to market conditions and
appraisal reports from professional appraisal agencies Decision-making unit:
After the audit committee deliberation and approval, it is submitted to the
board of directors for resolution.
10.Name of the professional appraisal firm or company
and its appraisal price:
Professional appraiser firm or company name: Real Estate Appraiser Firm
Estimated amount: NT$89,940,928
11.Name of the professional appraiser:YU,CHUNG-CHENG
12.Practice certificate number of the professional
appraiser:(101) Kaohsiung City Estimation No. 000069
13.The appraisal report has a limited price, specific
price, or special price:None
14.An appraisal report has not yet been obtained:None
15.Reason for an appraisal report not being obtained:None
16.Reason for any significant discrepancy with the appraisal
reports and opinion of the CPA:None
17.Name of the CPA firm:None
18.Name of the CPA:None
19.Practice certificate number of the CPA:None
20.Broker and broker's fee:None
21.Concrete purpose or use of the acquisition or disposal:
Activation of assets, repayment of bank loans.
22.Any dissenting opinions of directors to the present
transaction:none
23.Whether the counterparty of the current transaction
is a related party:no
24.Date of the board of directors’ resolution:none
25.Date of ratification by supervisors or approval
by the audit committee:none
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:none
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:none
29.Any other matters that need to be specified:
On November 9, 2017, the company signed a real estate sales contract with
Xinnotec Environmental Technology Co., Ltd(hereinafter referred to as
Xinnotec Company). The company is willing to sell the land under the name
of Liuying District to Xinnotec Company. Article 4 of the contract
stipulates, ”After the establishment of the contract, in order for the
start-up company to comply with the ”Key Points of Land Sale in Liuying
Science and Technology Industrial Zone, Tainan City” or the regulations of
the competent authority or the regulations for entering the park, etc....
The company and the start-up company have agreed to separate Sign a land
lease contract, and the lease period is agreed to be three years. ?… The
three-year lease expires, if the new company has not yet met the requirements
When the conditions for the transfer of the subject matter cannot be met due
to the ”Key Points of Land Sale in Liuying Science and Technology Industrial
Zone, Tainan City”, as long as the new company has no breach of contract, the
company agrees that the lease period may be renewed for another year...”.
In order to promote the domestic environmental protection and recycling
industry technology, the new company has specially introduced advanced
manufacturing equipment from Japan. However, due to the epidemic, the new
company has not yet met the conditions for the transfer of the sale and
purchase after the three-year lease expires. Therefore, the two parties
shall continue the lease according to the original contract. On October 1,
2021, the first supplementary agreement for the real estate sale and purchase
contract was signed, and the extension of the lease period was from November
10, 2021 to November 09, 2022.
