MiTAC Subsidiary MUSA Disposes of Real Estate Usage Rights in California to MiTACIS

MiTAC Computing Technology USA Corporation (MUSA), a subsidiary of MiTAC, has announced the disposal of its real estate usage rights for a building located in California, USA. The transaction involves the sub-lease of 8,768 square feet of the property, which MUSA originally leased in its entirety (52,661 square feet). The disposal amount is set at USD 1,663,348.76.

This transaction is part of the group's strategic business planning. The counterparty for this disposal is MiTAC Information Systems Corp. (MiTACIS), which shares the same parent company, Shen Yun Technology Co., Ltd. The property's previous owner was TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA, from whom MUSA acquired the usage rights on February 1, 115 (Republic of China calendar) for USD 10,246,304.62.

The lease period for the sub-leased portion is from May 1, 115, to January 31, 125 (Republic of China calendar). The decision for this transaction was made by the Board of Directors on April 30, 115, with the price determined based on MUSA's lease price proportional to MiTACIS's lease.

A professional appraisal by Chung Ding Real Estate Appraisers Office, conducted by Jian Wu-Chi, valued the usage rights at USD 1,783,000. The purpose of this disposal is for company operational needs. This transaction is classified as a related party transaction.