Xin He Announcement: Acquisition of Real Estate Usage Rights from Related Party by Thai Subsidiary
Xin He has announced that its Thai subsidiary has acquired the right to use real estate from a related party, GODA (THAILAND) CO., LTD. The monthly rent is THB 61,942.5, with a contract period from May 7, 2026, to March 6, 2028.
📋 Article Processing Timeline
- 📰 Published: May 7, 2026 at 09:00
- 🔍 Collected: May 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 8, 2026 at 08:23 (23 min after Collected)
1. Name and nature of the target object (e.g., land in Section XX, Lot XX, District XX, Taichung City):
Part of factory area in Village No. 7, Muang District, Chonburi Province, Thailand
2. Date of fact occurrence: 2026/5/7 ~ 2026/5/7
3. Board of Directors' approval date: May 7, 2026 (R.O.C. calendar)
4. Other approval dates: Not applicable
5. Transaction unit quantity (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Area: 412.95 square meters, 150 Thai Baht per square meter, monthly amount: 61,942.5 Thai Baht
Total transaction amount: 1,362,735 Thai Baht, Usage rights asset: 1,347,278 Thai Baht.
6. Transaction counterparty and its relationship with the company (if the counterparty is an individual and not a related party of the company, the name may not be disclosed):
GODA (THAILAND) CO., LTD. -- The company's director is the chairman of this company.
7. If the counterparty is a related party, announce the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the counterparty, the date of the previous transfer, and the amount of the transfer:
Reason for selecting the related party as the transaction object: Business needs.
Previous owner: Not applicable
Relationship between the previous owner, the company, and the counterparty: Not applicable
Date and amount of previous transfer: Not applicable
8. If the subject of the transaction has been a related party of the company within the last five years, also announce the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction:
Not applicable
9. Expected profit (or loss) from disposal (not applicable for asset acquisition) (deferred items should be listed to explain recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
Lease term: 2026/5/7 ~ 2028/3/6, monthly payments, with priority right to lease under equivalent conditions.
11. Decision method for this transaction (e.g., bidding, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Transaction decision method: Negotiation
Reference basis for price determination: Market price
Decision-making unit: The company's Board of Directors
12. Name of professional appraiser's firm or company and its appraised amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Certificate number of professional appraiser:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price?
No or not applicable
16. Have you not yet obtained the appraisal report?
No or not applicable
17. Reason for not yet obtaining the appraisal report:
Not applicable
18. When there is a significant difference in appraisal results, the reason for the difference and the accountant's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of certified public accountant:
Not applicable
21. Certificate number of certified public accountant:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of acquisition or disposal:
Business needs
24. Opinions of dissenting directors on this transaction:
None
25. Is this transaction a related party transaction?
Yes
26. Date of Supervisor's approval or Audit Committee's consent:
May 7, 2026 (R.O.C. calendar)
27. Is this transaction an acquisition of real estate or its usage rights from a related party?
Yes
28. Price assessed according to Article 16 of the "Regulations Governing Asset Acquisition and Disposal by Publicly Issued Companies": Not applicable
29. If the assessed price 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 regarding the same event: Not applicable
31. Other matters to be stated:
None
Part of factory area in Village No. 7, Muang District, Chonburi Province, Thailand
2. Date of fact occurrence: 2026/5/7 ~ 2026/5/7
3. Board of Directors' approval date: May 7, 2026 (R.O.C. calendar)
4. Other approval dates: Not applicable
5. Transaction unit quantity (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Area: 412.95 square meters, 150 Thai Baht per square meter, monthly amount: 61,942.5 Thai Baht
Total transaction amount: 1,362,735 Thai Baht, Usage rights asset: 1,347,278 Thai Baht.
6. Transaction counterparty and its relationship with the company (if the counterparty is an individual and not a related party of the company, the name may not be disclosed):
GODA (THAILAND) CO., LTD. -- The company's director is the chairman of this company.
7. If the counterparty is a related party, announce the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the counterparty, the date of the previous transfer, and the amount of the transfer:
Reason for selecting the related party as the transaction object: Business needs.
Previous owner: Not applicable
Relationship between the previous owner, the company, and the counterparty: Not applicable
Date and amount of previous transfer: Not applicable
8. If the subject of the transaction has been a related party of the company within the last five years, also announce the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction:
Not applicable
9. Expected profit (or loss) from disposal (not applicable for asset acquisition) (deferred items should be listed to explain recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
Lease term: 2026/5/7 ~ 2028/3/6, monthly payments, with priority right to lease under equivalent conditions.
11. Decision method for this transaction (e.g., bidding, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Transaction decision method: Negotiation
Reference basis for price determination: Market price
Decision-making unit: The company's Board of Directors
12. Name of professional appraiser's firm or company and its appraised amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Certificate number of professional appraiser:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price?
No or not applicable
16. Have you not yet obtained the appraisal report?
No or not applicable
17. Reason for not yet obtaining the appraisal report:
Not applicable
18. When there is a significant difference in appraisal results, the reason for the difference and the accountant's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of certified public accountant:
Not applicable
21. Certificate number of certified public accountant:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of acquisition or disposal:
Business needs
24. Opinions of dissenting directors on this transaction:
None
25. Is this transaction a related party transaction?
Yes
26. Date of Supervisor's approval or Audit Committee's consent:
May 7, 2026 (R.O.C. calendar)
27. Is this transaction an acquisition of real estate or its usage rights from a related party?
Yes
28. Price assessed according to Article 16 of the "Regulations Governing Asset Acquisition and Disposal by Publicly Issued Companies": Not applicable
29. If the assessed price 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 regarding the same event: Not applicable
31. Other matters to be stated:
None