【Formosa Chemicals & Fibre Corp.】Announcement of the company's disposal of land in Xucuo Village, Mailiao Township, Yunlin County
Formosa Chemicals & Fibre Corp. announced the sale of land in Mailiao Township, Yunlin County, to Mailiao Power Corporation for NT$237,760 thousand. This transaction is for Mailiao Power Corporation's solar power plant development, with an expected profit of NT$184,486 thousand for Formosa Chemicals & Fibre Corp. It is a related party transaction.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:19 (1h 19m after Collected)
1. Name and nature of the asset (e.g., land parcel in XX section, XX subsection, Taichung City North District): Land parcels 677, 677-1, 677-2, 682, 686 in Xucuo Village, Mailiao Township, Yunlin County.
2. Date of occurrence of the event: 115/5/8~115/5/8
3. Date of board of directors' resolution: May 8, 115 (Republic of China calendar)
4. Other approval dates: Not applicable
5. Quantity of transaction units (e.g., XX square meters, converted to XX pings), price per unit, and total transaction amount: Land parcels 677, 677-1, 677-2, 682 at NT$16 thousand per ping; land parcel 686 at NT$19 thousand per ping. Total 14,642.51 pings, total price NT$237,760 thousand.
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted): Mailiao Power Corporation, an investee company evaluated by the equity method.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous transferor, the relationship between the previous transferor and the company and the counterparty, the previous transfer date, and transfer amount shall be announced: To meet Mailiao Power Corporation's land requirements for establishing a solar power plant. Previous transferor: Not applicable.
8. If the owner of the transaction object has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction by the related party shall also be announced: Not applicable.
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (deferred items should be listed with recognition details): Estimated disposal profit NT$184,486 thousand.
10. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements: Handled according to the real estate sales contract; contract restriction clauses: none; other important agreements: none.
11. Method of determining this transaction (e.g., bidding, price comparison or negotiation), reference basis for price determination, and decision-making unit: Transaction and price determination method: Buyer and seller negotiated based on market conditions and appraisal reports. Decision-making unit: Company's board of directors.
12. Name of professional appraisal firm or company and its appraisal amount: Jingrui Real Estate Appraisers Joint Office: NT$233,252 thousand.
13. Name of professional appraiser: Wang Fu-Sheng
14. Professional appraiser's license number: (100) Zhong Shi Di Gu Zi No. 000014
15. Is the appraisal report for a limited price, specific price, or special price: No or not applicable.
16. Has the appraisal report not yet been obtained: No or not applicable.
17. Reason for not yet obtaining the appraisal report: Not applicable.
18. If there is a significant difference in the appraisal result, the reason for the difference and the CPA's opinion: Not applicable.
19. Name of accounting firm: Not applicable.
20. Name of CPA: Not applicable.
21. CPA's license number: Not applicable.
22. Broker and brokerage fees: None.
23. Specific purpose or use of acquisition or disposal: Disposal of idle land.
24. Opinions of directors who expressed dissent to this transaction: None.
25. Is this transaction a related party transaction: Yes.
26. Date of supervisor's approval or audit committee's consent: May 8, 115 (Republic of China calendar).
27. Is this transaction for acquiring real estate or its right-of-use assets from a related party: No.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable.
29. If the price assessed in the preceding paragraph is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable.
30. Date of previous major announcement on the same event: Not applicable.
31. Other matters to be specified: None. Keywords: Material Information
2. Date of occurrence of the event: 115/5/8~115/5/8
3. Date of board of directors' resolution: May 8, 115 (Republic of China calendar)
4. Other approval dates: Not applicable
5. Quantity of transaction units (e.g., XX square meters, converted to XX pings), price per unit, and total transaction amount: Land parcels 677, 677-1, 677-2, 682 at NT$16 thousand per ping; land parcel 686 at NT$19 thousand per ping. Total 14,642.51 pings, total price NT$237,760 thousand.
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted): Mailiao Power Corporation, an investee company evaluated by the equity method.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous transferor, the relationship between the previous transferor and the company and the counterparty, the previous transfer date, and transfer amount shall be announced: To meet Mailiao Power Corporation's land requirements for establishing a solar power plant. Previous transferor: Not applicable.
8. If the owner of the transaction object has been a related party of the company within the past five years, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction by the related party shall also be announced: Not applicable.
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (deferred items should be listed with recognition details): Estimated disposal profit NT$184,486 thousand.
10. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements: Handled according to the real estate sales contract; contract restriction clauses: none; other important agreements: none.
11. Method of determining this transaction (e.g., bidding, price comparison or negotiation), reference basis for price determination, and decision-making unit: Transaction and price determination method: Buyer and seller negotiated based on market conditions and appraisal reports. Decision-making unit: Company's board of directors.
12. Name of professional appraisal firm or company and its appraisal amount: Jingrui Real Estate Appraisers Joint Office: NT$233,252 thousand.
13. Name of professional appraiser: Wang Fu-Sheng
14. Professional appraiser's license number: (100) Zhong Shi Di Gu Zi No. 000014
15. Is the appraisal report for a limited price, specific price, or special price: No or not applicable.
16. Has the appraisal report not yet been obtained: No or not applicable.
17. Reason for not yet obtaining the appraisal report: Not applicable.
18. If there is a significant difference in the appraisal result, the reason for the difference and the CPA's opinion: Not applicable.
19. Name of accounting firm: Not applicable.
20. Name of CPA: Not applicable.
21. CPA's license number: Not applicable.
22. Broker and brokerage fees: None.
23. Specific purpose or use of acquisition or disposal: Disposal of idle land.
24. Opinions of directors who expressed dissent to this transaction: None.
25. Is this transaction a related party transaction: Yes.
26. Date of supervisor's approval or audit committee's consent: May 8, 115 (Republic of China calendar).
27. Is this transaction for acquiring real estate or its right-of-use assets from a related party: No.
28. Price assessed according to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable.
29. If the price assessed in the preceding paragraph is lower than the transaction price, the price assessed according to Article 17 of the same regulations: Not applicable.
30. Date of previous major announcement on the same event: Not applicable.
31. Other matters to be specified: None. Keywords: Material Information