On behalf of subsidiary, Shanghai Sinyi Real Estate Inc.
to announce the improvement plan

1.Date of occurrence of the event:2023/12/27
2.Company name:Shanghai Sinyi Real Estate Inc.
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:the Company's 100% indirectly owned
subsidiary
5.Cause of occurrence:The amount of Shanghai Sinyi Real Estate Limited,
the Company’s subsidiary’s, loaning to others has been more than
the upper limit due to the audited net value of Shanghai
Sinyi Real Estate Limited as of 2022/12/31. The Company had requested
the subsidiary stipulate the improvement plan which has been reported
to the Company’s Board of Directors on 2023/3/29. However, the Company
has received the letter sent by the Financial Supervisory
Commission (Taiwan) to ask the Company to announce the matter of
loaning to others being more than the upper limit.
6.Countermeasures:
1. In accordance with the provisions of the above letter, the
implementation situation will be reported
to the board of directors of the Company on a quarterly basis,
and the implementation situation will be reported at the next
shareholders' meeting of the Company.
2. Shanghai Sinyi Real Estate Limited has reported to the Company’s
Board of Directors about the improvement plan which stated that
Chuzhou Ya Zhan Functional Agricultural Science and Technology Co.,
Ltd. would eased its operation and planned to dispose its assets to
repay the loan and the plan of repayment will be finished before
the end of 2023.
3. After Shanghai Sinyi Real Estate Limited implemented
collection procedures for Chuzhou Yazhan's other receivables and
evaluated the recoverability of the accumulated principal and
interest at the amount of RMB 6,923,000, Shanghai Sinyi Real Estate
Limited fully recognized impairment loss and write off the other
receivable.
7.Any other matters that need to be specified (the information disclosure
  also meets the requirements of Article 7, subparagraph 9 of the Securities
  and Exchange Act Enforcement Rules, which brings forth a significant impact
  on shareholders rights or the price of the securities on public companies.):
none.

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