Company to dispose of Taipei Zhongshan District real estate to wholly owned related party for NT34.9 million

The company announced the disposal of real estate located on the 8th floor of No. 4, Section 3, Minquan East Road, Zhongshan District, Taipei, together with two ramp-access flat parking spaces on basement level 3 and the underlying land. The date of occurrence and the board approval date were both May 11, 2026 in the Republic of China calendar year 115. The transaction assets include a 2215/100000 ownership share in land parcel No. 17, Subsection 5, Rongxing Section, Zhongshan District, Taipei, representing 79.41 square meters, or approximately 24.02 ping. The buildings include Building No. 3529, the 8th floor of No. 4, Section 3, Minquan East Road, with a total area of 775.5 square meters, or approximately 234.59 ping, with full ownership; and Building No. 3561, consisting of two ramp-access flat parking spaces on basement level 3, with a share area of 60.02 square meters, or approximately 18.16 ping. The total transaction price is NT34,898,200, equivalent to NT80,000 per ping for the office space and NT.5 million per parking space. The counterparty is Tung Hua International Golf & Recreation Co., Ltd., a related party wholly owned by the company. The company expects to recognize a disposal gain of NT5,848,200. The stated purpose of the transaction is to improve the company’s financial structure. The price was determined with reference to real estate appraisal reports and approved by the board of directors. Chan Mao Real Estate Appraisers Joint Firm appraised the property at NT39,587,700, with appraiser Tsai Ming-hang. Fu Jia Real Estate Appraisers Joint Firm appraised the property at NT30,204,192, with appraiser Huang Pei-lun. The transaction is a related-party transaction. The audit committee approved it on May 11, 2026 in ROC year 115, and no director expressed an objection. However, independent director Yang Kuei-hsiung of the audit committee expressed a reserved opinion during the discussion.