[BAOLAI] Announcement of the Board of Directors' approval of the additional construction budget for the 'Puyuan Puyuan' project, entrusted to a related party.
Baolai Construction announced the approval of an additional construction budget for its 'Puyuan Puyuan' project, which is being developed with a related party. Due to rising raw material and labor costs, an additional NT$39.628 million was approved, bringing the total project cost to approximately NT$661.225 million. Baolai's share of this additional budget is NT$3.184 million.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 09:00
- 🔍 Collected: May 7, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 7, 2026 at 08:20 (19 min after Collected)
1. Type of contract: Residential construction project
2. Date of occurrence of the event: 115/5/6~115/5/6
3. Date of Board of Directors' approval: May 6, 2026
4. Other approval dates: Not applicable
5. Counterparty of the contract and its relationship with the company:
Pucheng Construction Co., Ltd., a substantial related party of the company.
6. Main content of the contract (including total contract amount, estimated investment amount, contract start and end dates), restrictive clauses, and other important agreements:
The construction of the company's co-invested construction case - the 'Puyuan Puyuan' project (Meiren Section, Songshan District) - is entrusted to a related party, Pucheng Construction Co., Ltd. (approved by the Board of Directors on December 29, 2021). Due to factors such as rising raw material and labor costs and additional engineering items, the engineering budget is being increased by approximately NT$39,628,000. After the addition, the total outsourced contract amount for the entire project is approximately NT$661,225,000 (including tax). Based on the company's participating investment ratio of 8.035%, this additional engineering budget is approximately NT$3,184,000, bringing the total outsourced amount after the addition to approximately NT$53,129,000.
7. Name of professional appraiser's firm or company and its appraisal result:
Not applicable
8. Real estate appraiser's name:
Not applicable
9. Real estate appraiser's practice license number:
Not applicable
10. Specific purpose of acquisition:
'Puyuan Puyuan' project residential new construction.
11. Opinions of directors expressing dissent on this transaction:
None.
12. This transaction is a related party transaction: Yes
13. Date of approval by supervisors or Audit Committee:
May 6, 2026
14. Is the appraisal report a limited price, specific price, or special price: No or Not applicable
15. Is the appraisal report not yet obtained: No or Not applicable
16. Reason for not yet obtaining the appraisal report:
Not applicable
17. If there is a significant difference in the appraisal result, the reason for the difference and the opinion of the CPA:
Not applicable
18. Name of CPA firm:
Not applicable
19. CPA's name:
Not applicable
20. CPA's practice license number:
Not applicable
21. Date of previous material information announcement on the same event:
December 29, 2021
22. Other matters to be specified:
None.
2. Date of occurrence of the event: 115/5/6~115/5/6
3. Date of Board of Directors' approval: May 6, 2026
4. Other approval dates: Not applicable
5. Counterparty of the contract and its relationship with the company:
Pucheng Construction Co., Ltd., a substantial related party of the company.
6. Main content of the contract (including total contract amount, estimated investment amount, contract start and end dates), restrictive clauses, and other important agreements:
The construction of the company's co-invested construction case - the 'Puyuan Puyuan' project (Meiren Section, Songshan District) - is entrusted to a related party, Pucheng Construction Co., Ltd. (approved by the Board of Directors on December 29, 2021). Due to factors such as rising raw material and labor costs and additional engineering items, the engineering budget is being increased by approximately NT$39,628,000. After the addition, the total outsourced contract amount for the entire project is approximately NT$661,225,000 (including tax). Based on the company's participating investment ratio of 8.035%, this additional engineering budget is approximately NT$3,184,000, bringing the total outsourced amount after the addition to approximately NT$53,129,000.
7. Name of professional appraiser's firm or company and its appraisal result:
Not applicable
8. Real estate appraiser's name:
Not applicable
9. Real estate appraiser's practice license number:
Not applicable
10. Specific purpose of acquisition:
'Puyuan Puyuan' project residential new construction.
11. Opinions of directors expressing dissent on this transaction:
None.
12. This transaction is a related party transaction: Yes
13. Date of approval by supervisors or Audit Committee:
May 6, 2026
14. Is the appraisal report a limited price, specific price, or special price: No or Not applicable
15. Is the appraisal report not yet obtained: No or Not applicable
16. Reason for not yet obtaining the appraisal report:
Not applicable
17. If there is a significant difference in the appraisal result, the reason for the difference and the opinion of the CPA:
Not applicable
18. Name of CPA firm:
Not applicable
19. CPA's name:
Not applicable
20. CPA's practice license number:
Not applicable
21. Date of previous material information announcement on the same event:
December 29, 2021
22. Other matters to be specified:
None.