【Sung Sheng Technology】Announcement of Board of Directors' approval to authorize the Chairman to proceed with real estate acquisition and signing of contracts, etc.
Sung Sheng Technology's Board of Directors approved on May 12, 2026, to authorize the Chairman to negotiate the acquisition of land and factory premises in Xitun District, Taichung City, for a total price not exceeding NT$600 million. This acquisition is intended to meet the company's operational needs and long-term development plans.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 10:33 (2h 33m after Collected)
1. Name and nature of the target property (e.g., land in XX section, XX subsection, Beitun District, Taichung City): Land and factory at No. 14, Industrial Zone 16th Road, Xitun District, Taichung City
2. Date of occurrence: May 12, 2026 (Minguo calendar 115/5/12) ~ May 12, 2026 (Minguo calendar 115/5/12)
3. Date of approval by the Board of Directors: May 12, 2026 (Minguo calendar 115/5/12)
4. Other approval dates: Not applicable
5. Quantity of transaction units (e.g., XX square meters, equivalent to XX pings), price per unit, and total transaction amount:
Authorized the Chairman to negotiate within a total price of NT$600 million
6. Counterparty to the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparty: Baiyuan Co., Ltd.
Relationship with the company: Non-related party
7. If the counterparty is a related party, the reasons for selecting a related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the date of previous transfer, and the transfer amount shall also be announced:
Not applicable
8. If the owner of the transaction target has been a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationship with the company at the time of transaction of the related party shall also be announced:
Not applicable
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (deferred items shall be listed and explained for recognition):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreed matters:
Delivery or payment terms: Payment according to agreement
Contract restriction clauses: To be announced separately after actual signing
Other important agreed matters: To be announced separately after actual signing
11. Method of determining this transaction (e.g., tender, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction: Bilateral negotiation
Reference basis for price determination: Reference appraisal report and market conditions
Decision-making unit: The company's Board of Directors authorized the Chairman to handle it with full authority
12. Name of professional appraiser's firm or company and its appraisal amount:
Zhengxin Real Estate Appraisers Joint Office Appraisal amount: NT$566,738,000
13. Names of professional appraisers:
Huang Chao-Min, Lin Hsiao-Han
14. Professional appraiser's license numbers:
(101) Zhongshi Digu Zi No. 000029, (106) Zhongshi Digu Zi No. 000091
15. Is the appraisal report 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 results, the reasons for the difference and the auditor's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of accountant:
Not applicable
21. Accountant's license number:
Not applicable
22. Broker and brokerage fees:
Handled according to contract
23. Specific purpose or use of acquisition or disposal:
To meet the company's operational needs and long-term development plans
24. Opinions of dissenting directors on this transaction:
None
25. Is this transaction a related party transaction: Yes
26. Date of approval by supervisors or audit committee:
May 12, 2026 (Minguo calendar 115/5/12)
27. Is this transaction an acquisition of real estate or right-of-use assets from a related party: No
28. Price evaluated according to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding paragraph is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of previous material information disclosure for the same event: Not applicable
31. Other matters to be specified:
The Board of Directors approved the authorization of the Chairman to handle signing and other related matters.
2. Date of occurrence: May 12, 2026 (Minguo calendar 115/5/12) ~ May 12, 2026 (Minguo calendar 115/5/12)
3. Date of approval by the Board of Directors: May 12, 2026 (Minguo calendar 115/5/12)
4. Other approval dates: Not applicable
5. Quantity of transaction units (e.g., XX square meters, equivalent to XX pings), price per unit, and total transaction amount:
Authorized the Chairman to negotiate within a total price of NT$600 million
6. Counterparty to the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparty: Baiyuan Co., Ltd.
Relationship with the company: Non-related party
7. If the counterparty is a related party, the reasons for selecting a related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the date of previous transfer, and the transfer amount shall also be announced:
Not applicable
8. If the owner of the transaction target has been a related party of the company within the last five years, the acquisition and disposal dates, prices, and relationship with the company at the time of transaction of the related party shall also be announced:
Not applicable
9. Estimated disposal profit (or loss) (not applicable for asset acquisition) (deferred items shall be listed and explained for recognition):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreed matters:
Delivery or payment terms: Payment according to agreement
Contract restriction clauses: To be announced separately after actual signing
Other important agreed matters: To be announced separately after actual signing
11. Method of determining this transaction (e.g., tender, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction: Bilateral negotiation
Reference basis for price determination: Reference appraisal report and market conditions
Decision-making unit: The company's Board of Directors authorized the Chairman to handle it with full authority
12. Name of professional appraiser's firm or company and its appraisal amount:
Zhengxin Real Estate Appraisers Joint Office Appraisal amount: NT$566,738,000
13. Names of professional appraisers:
Huang Chao-Min, Lin Hsiao-Han
14. Professional appraiser's license numbers:
(101) Zhongshi Digu Zi No. 000029, (106) Zhongshi Digu Zi No. 000091
15. Is the appraisal report 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 results, the reasons for the difference and the auditor's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of accountant:
Not applicable
21. Accountant's license number:
Not applicable
22. Broker and brokerage fees:
Handled according to contract
23. Specific purpose or use of acquisition or disposal:
To meet the company's operational needs and long-term development plans
24. Opinions of dissenting directors on this transaction:
None
25. Is this transaction a related party transaction: Yes
26. Date of approval by supervisors or audit committee:
May 12, 2026 (Minguo calendar 115/5/12)
27. Is this transaction an acquisition of real estate or right-of-use assets from a related party: No
28. Price evaluated according to Article 16 of the "Regulations Governing the Acquisition and Disposal of Assets by Public Companies": Not applicable
29. If the price evaluated in the preceding paragraph is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of previous material information disclosure for the same event: Not applicable
31. Other matters to be specified:
The Board of Directors approved the authorization of the Chairman to handle signing and other related matters.