Announcement on behalf of the Company's subsidiary
for acquisition of right-of-use asset from related party.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):2 houses and a piece of land
in Melinsung Papar county, Sabah, Malaysia.
2.Date of occurrence of the event:2023/08/30
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:2 houses with a total of 2,200
square feet, equivalent to approximately 61.82 pings; and the annual
rent is RM404/ping, (approximately NT$2,654/ping)
The land is 3.1 acres, equivalent to approximately
3,795 pings, and the annual rent is RM46/ping (approximately
NT$303/ping)
Calculated on the basis of an estimated 10-year lease,
the total capitalized transaction amount of the right-of-use asset is
RM1,607 thousand(approximately NT$10,558 thousand), i.e.RM200 thousand
(approximately NT$3,235/ping) for the two houses and RM1,407 thousand
(approximately NT$371/ping) for the land.
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
Transaction counterparty: Treasure Sage Sabah Sdn. Bhd.
Relationship with the Company: the 100% owned subsidiary of
Yuheng Co., Ltd., which indirectly holds more than 50% of the Company
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer:
(1)reason for choosing the related party:
the geographical location of the real estate, the price of the lease
reasonable assessment considerations.
(2)previous transfer: Thien Pin Leong, Chin Chung Kee,
Chong Fui Sin
(3)relationship with the Company and the trading counterparty:non-related
(4)the previous date and monetary amount: 2023/2/9~2023/3/20;
Land: RM3,780 thousand; 2 houses:RM450 thousand.
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:
not applicable.
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):not applicable.
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Rent is paid annually for a lease term of 5 years
(calculated as capitalized as right-of-use assets for 10 years)
Contract restrictions and other important agreements: None
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
Transaction decision method: price negotiation
Reference basis for price determination: market trend around the area
Decision-making unit: the board of directors of the Company
10.Name of the professional appraisal firm or company and
its appraisal price:
not applicable
11.Name of the professional appraiser:
not applicable
12.Practice certificate number of the professional appraiser:
not applicable
13.The appraisal report has a limited price, specific price,
or special price:not applicable
14.An appraisal report has not yet been obtained:not applicable.
15.Reason for an appraisal report not being obtained:not applicable.
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:
not applicable
17.Name of the CPA firm:not applicable
18.Name of the CPA:not applicable
19.Practice certificate number of the CPA:
not applicable
20.Broker and broker's fee:not applicable.
21.Concrete purpose or use of the acquisition or disposal:
Houses: staff dorms and offices.
Land: Lease the land next to the main road to optimize the future
access to the outside world for the hotel.
22.Any dissenting opinions of directors to the present transaction:
No
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:2023/08/30
25.Date of ratification by supervisors or approval by
the audit committee:2023/08/30
26.The transaction is to acquire a real property or right-of-use
asset from a related party:Yes
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:NT$ 27,791,100
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:not applicable.
29.Any other matters that need to be specified:none.

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