[Long Bang] Subsidiary Dong Hwa International Announces Acquisition of Real Estate from Related Party

1. Name and Nature of the Subject Property (e.g., Land Parcel XX, Section XX, District XX, Taichung City):
8th Floor, No. 4, Section 3, Minquan East Road, Zhongshan District, Taipei City, and two underground ramp-style flat parking spaces and the land on which they are located.
2. Date of Occurrence: 115/6/10 ~ 115/6/10
3. Date of Board Approval: June 10, 115 (Republic of China calendar)
4. Date of Other Approvals: Not applicable
5. Transaction Unit Quantity (e.g., XX sq. meters, equivalent to XX ping), Price Per Unit, and Total Transaction Amount:
(1) Land: Land parcel No. 17, Section 5, Rongxing Subdivision, Zhongshan District, Taipei City, etc. Share: 2215/100000, Share Area: 79.41 sq. meters, approximately 24.02 ping.
(2) Buildings: Building numbers 3529, 3561, etc., two buildings.
1. Building No. 3529: 8th Floor, No. 4, Section 3, Minquan East Road, Zhongshan District, Taipei City. Total Area: 775.5 sq. meters (approx. 234.59 ping), entire share.
2. Building No. 3561: Two ramp-style flat parking spaces, underground level 3, No. 4, Section 3, Minquan East Road, Zhongshan District, Taipei City. Share Area: 60.02 sq. meters (approx. 18.16 ping).
II. Transaction Price: NT$234,898,200 (NT$980,000 per ping, NT$2,500,000 per parking space)
6. Transaction Counterparty and Relationship with the Company (If the counterparty is an individual and not a related party, their name may be omitted):
Transaction Counterparty: Long Bang International Industrial Co., Ltd., the parent company holding 100% of the company's shares.
7. If the counterparty is a related party, announce the reason for selecting the related party as the counterparty, the previous transferor, the relationship between the previous transferor, the company, and the counterparty, the date of the previous transfer, and the amount of the transfer:
(1) Date of Acquisition by Related Party: August 6, 109 (Republic of China calendar)
(2) Original Acquisition Price by Related Party: NT$210,000,000
(3) Transaction Counterparty of Related Party: Andoli Investment Co., Ltd.
(4) Relationship between Counterparty of Related Party and Related Party: Related Party
8. If the owner of the subject property has been a related party of the company within the last five years, announce the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction:
Not applicable
9. Estimated Profit (or Loss) from Disposal (Not applicable for asset acquisition) (If deferred, provide a table explaining recognition):
Not applicable
10. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements:
Not applicable
11. Method of Decision for This Transaction (e.g., tender, bidding, negotiation), Basis for Price Determination, and Decision-Making Unit:
Basis for Price Determination: Real estate appraisal report
Decision-Making Unit: Board of Directors
12. Name of Professional Appraiser Firm or Company and its Appraisal Amount:
Ming Jie Real Estate Appraiser Office, Appraisal Amount: NT$237,479,000
13. Name of Professional Appraiser:
Appraiser Chang Ming-chieh
14. Professional Appraiser's License Number:
Real Estate Appraiser License: (109) Tao Shi Gu Zi No. 000065
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. If there is a significant difference in the appraisal results, the reason for the difference and the accountant'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 Fee:
Not applicable
23. Specific Purpose or Use of Acquisition or Disposal:
To increase investment income.
24. Opinion of Directors Who Expressed Dissent Regarding This Transaction:
None
25. Is This Transaction a Related-Party Transaction? Yes
26. Date of Supervisor's Approval or Audit Committee's Consent:
Not applicable
27. Is This Transaction an Acquisition of Real Estate or Right-of-Use Assets from a Related Party? Yes
28. Price assessed in accordance with Article 16 of the "Regulations Governing the Acquisition or Disposal of Assets by Publicly Issued Companies": NT$237,479,000
29. If the price assessed in the preceding paragraph is lower than the transaction price, the price assessed in accordance with Article 17 of the same Regulations:
Not applicable
30. Date of Previous Major Information Announcement for the Same Event:
Not applicable
31. Other Explanatory Matters:
Related party Long Bang International Industrial Co., Ltd. passed a resolution at its board meeting on 115/05/11 to propose disposal and issue a major announcement. The subsidiary Dong Hwa passed its board meeting on 115/6/10.
Keywords: Major Information