6671 Sanneng-KY: Subsidiary Announces Planned Land Acquisition in Indonesia

Disclosure Date: 1150627
Statement Date: 1150626
Statement Time: 161151
Company Code: 6671
Company Name: Sanneng-KY
Subject: Announcement on behalf of subsidiary PT. Sanneng Asia Industry Indonesia regarding planned land acquisition
Compliance Clause: Article 20
Event Date: 115/6/26 ~ 115/6/26
Details:
1. Name and nature of the subject property (e.g., land located in Section XX, Subsection XX, North District, Taichung City):
Located in Tefa Industrial Park, Gunungsembung, Pagaden, Subang Regency, West Java, Indonesia
2. Event Date: 115/6/26 ~ 115/6/26
3. Board Approval Date: June 26, 115 (Republic of China calendar)
4. Other Approval Dates: Not applicable
5. Quantity of units (e.g., XX square meters, equivalent to XX ping), unit price, and total transaction amount:
Total transaction amount: Up to USD 2.83 million (excluding tax)
Actual quantity, unit price, and total transaction amount will be determined upon formal contract signing
6. Counterparty and its relationship with the company (if the counterparty is an individual and not a related party, name disclosure may be omitted):
Counterparty: PT. Taifa Jaya Development
Relationship with the company: Not a related party
7. If the counterparty is a related party, state the reason for selecting such party, the previous owner, the relationship among the previous owner, the company, and the counterparty, the previous transfer date, and the transfer amount:
Not applicable
8. If the property’s owner within the past five years was a related party of the company, disclose the related party’s acquisition and disposal date, price, and relationship with the company at the time:
Not applicable
9. Estimated gain (or loss) on disposal (not applicable for asset acquisition) (deferred gains/losses should be listed with recognition details):
Not applicable
10. Delivery or payment terms (including payment schedule and amounts), contractual restrictions, and other important agreements:
Delivery or payment terms: As per sales contract terms
Contractual restrictions: None
Other important agreements: None
11. Method of transaction decision (e.g., bidding, competitive pricing, or negotiation), basis for price determination, and decision-making unit:
Transaction decision method: Mutual negotiation
Basis for price determination: Market reference rates
Decision-making unit: Board of Directors
12. Name of professional appraiser firm or company and appraisal value:
KJPP RONNY NASRUN ADNAN DAN REKAN
IDR 49,688,650,000 (approximately USD 2,776,948)
13. Name of professional appraiser:
R.N. Adnan, Dipl. Ing, M. Sc, Ph.D, MAPPI, Cert.
14. Appraiser’s license number:
P-1.09.00197
15. Whether the appraisal report indicates a restricted, specific, or special price: No or not applicable
16. Whether the appraisal report has 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 appraisal results, state the reason for the difference and auditor’s opinion:
Not applicable
19. Auditor firm name:
Not applicable
20. Auditor name:
Not applicable
21. Auditor license number:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of the acquisition or disposal:
To meet business development and operational needs
24. Opinions of directors who objected to the transaction:
None
25. Whether this transaction is a related-party transaction: No
26. Date of supervisor approval or audit committee consent:
June 26, 115 (Republic of China calendar)
27. Whether this transaction involves acquiring real estate or right-of-use assets from a related party: No
28. Valuation price pursuant to Article 16 of the 'Regulations on the Acquisition or Disposal of Assets by Publicly Issued Companies': Not applicable
29. Valuation price pursuant to Article 17 of the same regulations if the valuation under the previous item is lower than the transaction price: Not applicable
30. Previous date of material information disclosure regarding the same event: Not applicable
31. Other explanatory notes:
USD exchange rate based on Taiwan Bank’s closing average rate on June 25, 115: 31.85 TWD
IDR exchange rate based on Taiwan Bank’s closing average rate on June 25, 115: 0.00178 TWD