1. Name and nature of the subject asset (e.g., land located at Block XX, Sub-block XX, Beitun District, Taichung City): One Kamsarmax bulk carrier, 81,770 deadweight tons (DWT), built in 2019.
2. Date on which the event occurred: 2026/9/23 ~ 2026/9/23
3. Board approval date: September 23, 2026
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: One Kamsarmax bulk carrier, USD 38,500,000.
6. Counterparty and its relationship with the company (if individual and not a related party, name may be omitted): MTO MARITIME, S.A., Panama; not a related party of the company.
7. If the counterparty is a related party, state the reason for selection, previous transferor, relationships among previous transferor, company, and counterparty, transfer date, and transfer amount: Not applicable.
8. If the asset was previously owned by a related party of the company within the last five years, disclose the acquisition and disposal dates, price, and relationship with the company at the time: Not applicable.
9. Estimated gain (or loss) on disposal (not applicable for asset acquisition; if deferred, provide recognition schedule): Not applicable.
10. Delivery or payment terms (including payment periods and amounts), contractual restrictions, and other important provisions: 15% payment within two business days after signing; 85% payment within three business days prior to scheduled delivery.
11. Decision method for this transaction (e.g., bidding, comparison, negotiation), reference basis for pricing, and decision-making body: Negotiation; approved by the company's board of directors.
12. Name of professional appraiser firm or company and appraisal amount: Not applicable.
13. Name of professional appraiser: Not applicable.
14. License number of professional appraiser: Not applicable.
15. Whether the appraisal report is limited, specific, or special price: No or not applicable
16. Whether appraisal report has not yet been obtained: No or not applicable
17. Reason for not obtaining appraisal report: Not applicable.
18. Reasons for significant differences in appraisal results 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: Fleet expansion.
24. Dissenting director's opinion on this transaction: None.
25. Whether this transaction is a related-party transaction: No
26. Date of supervisor approval or audit committee consent: Not applicable.
27. Whether this transaction involves acquiring real estate or right-of-use assets from a related party: No
28. Valuation amount under Article 16 of the 'Asset Acquisition and Disposal Rules for Publicly Issued Companies': Not applicable
29. Valuation amount under Article 17 if the valuation under the preceding item is lower than transaction price: Not applicable
30. Previous date of material information disclosure regarding the same event: Not applicable
31. Other explanatory matters: The scheduled delivery date is between late November 2026 and February 2027.
FACT BOX
- Source: PR Times
- Category: News
- Organizations: MTO MARITIME, S.A.