Who were the parties involved in this transaction?

The transaction was between Yung Hong Biotech and its parent company, Yung Shin International Investment Holding Corp.

Why was the lease terminated early?

The early termination likely reflects operational streamlining and cost optimization by vacating unused office space.

Did the company gain any profit from this transaction?

Yes, the disposal of the right-of-use asset resulted in a gain of NT$1,253.

When was this transaction approved?

The audit committee consented on July 23, and the board formally approved it on July 27, 2026.

Why is this information important?

As a related-party transaction, it reflects changes in financial position and governance transparency, which are key for investors.

Yung Hong Biotech Announces Disposal of Right-of-Use Asset (Early Termination of Lease Agreement) with Related Party

Published Jul 27, 2026 9:00 AM ・ Updated Jul 28, 2026 5:52 PM ・ 9 min read ・ Source: PR Times

Yung Hong Biotech has announced the early termination of its office lease agreement with its parent company, Yung Shin International Investment Holding Corp., resulting in the disposal of a right-of-use asset and a minor gain of NT$1,253. The transaction was approved by the board of directors.

1. Name and nature of the subject property (e.g., land located at Section X, Subsection X, North District, Taichung City): Office located at 11F, No. 181, Minquan East Road, Section 3, Songshan District, Taipei City (33.5 ping)

2. Date of occurrence: 115/7/27 ~ 115/7/27

3. Board approval date: July 27, 2026 (Minguo Year 115)

4. Other approval dates: Not applicable

5. Quantity of units (e.g., XX square meters, converted to XX ping), unit price, and total transaction amount: (1) Leased area: 33.5 ping (2) Unit price: NT$1,552.24 per ping per month (exclusive of tax) (3) Total rent: NT$52,000 per month (exclusive of tax) (4) Reduction in right-of-use asset net value: NT$1,670,570 (5) Reduction in lease liability total: NT$1,671,823

6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, name disclosure may be omitted): Counterparty: Yung Shin International Investment Holding Corp. Relationship with the company: Parent company

7. If the counterparty is a related party, state the reason for selecting the related party as the transaction counterparty, the previous transferor, the relationship among the previous transferor, the company, and the counterparty, the previous transfer date, and the transfer amount: Reason for selecting related party: Early termination of the original lease agreement. Previous transfer information: Not applicable Relationship among previous transferor, company, and counterparty: Not applicable Previous transfer date and amount: Not applicable

8. If the owner of the subject asset was a related party of the company within the past five years, disclose the date of acquisition and disposal, price, and relationship with the company at the time of transaction: Not applicable

9. Estimated gain (or loss) from disposal (not applicable for asset acquisition) (if deferred, provide a table showing recognition): Disposal gain: NT$1,253

10. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements: 1. Early termination of lease agreement. Original lease period: May 1, 2026 (Minguo 115) to April 30, 2029 (Minguo 118), terminated early on July 31, 2026 (Minguo 115) 2. Delivery or payment terms: Not applicable 3. Contractual restrictions: Not applicable 4. Other important agreements: Not applicable

11. Decision method for this transaction (e.g., bidding, price comparison, negotiation), reference basis for price determination, and decision-making unit: 1. Reference basis for price determination: Reference to surrounding lease market rates 2. Decision-making unit: Board of Directors

12. Name of professional appraisal firm or company and appraisal amount: Not applicable

13. Name of professional appraiser: Not applicable

14. Professional appraiser license number: Not applicable

15. Whether the appraisal report is for a limited price, specific price, 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 obtaining the appraisal report: Not applicable

18. If there is a significant difference in the appraisal result, the reason and auditor's opinion: Not applicable

19. Name of auditor firm: Not applicable

20. Name of auditor: Not applicable

21. Auditor license number: Not applicable

22. Broker and brokerage fee: Not applicable

23. Specific purpose or use of the acquisition or disposal: Early termination of lease agreement

24. Opinion of directors who objected to this transaction: None

25. This transaction is a related-party transaction: Yes

26. Date of supervisor approval or audit committee consent: July 23, 2026 (Minguo Year 115)

27. This transaction involves acquiring real estate or right-of-use assets from a related party: Yes

28. Valuation price pursuant to Article 16 of the 'Asset Acquisition and Disposal Rules for Publicly Issued Companies': Not applicable

29. Valuation price pursuant to Article 17 of the same rules 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: May 6, 2026 (Minguo Year 115)

31. Other explanatory matters: None

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Source: PR Times
Category: News

Yung Hong Biotech Announces Disposal of Right-of-Use Asset (Early Termination of Lease Agreement) with Related Party

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