Hwa Ku Announces Joint Development Agreement for New Property Project in Taishan District, New Taipei City

Release Date: July 7, 115 Statement Date: July 6, 115 Statement Time: 16:13:27 Company Code: 2548 Company Name: Hwa Ku Subject: Announcement of the Execution of a Joint Development Agreement Relevant Clause: Clause 20 Factual Date: June 23, 115

1. Type of Contract: Joint Development and Unit Allocation 2. Factual Date: June 23, 115 ~ June 23, 115 3. Board Approval Date: Not applicable 4. Other Approval Dates: Approval Level: Approved by Chairman Date: June 23, 115

5. Counterparty and Relationship with the Company: (1) Counterparty: Two individuals (2) Relationship with Company: Not related parties

6. Main Contract Terms (including total contract value, company's estimated investment, contract duration, restrictions, and other important clauses): (1) Main Content: The landowners provide land located in Xingu Section, Taishan District, New Taipei City, with a total area of 5,509.1 square meters (approximately 1,666.5 ping). A joint development and unit allocation agreement has been signed with the company. The landowners are expected to receive 36–37% of the development output, while the company will receive 63–64%. The company’s estimated investment is approximately NT$4,726,850,000. (2) Restrictive Clauses and Other Important Agreements: None

7. Name of Professional Appraisal Firm and Appraisal Results: (1) Yeh Mei-Li Real Estate Appraiser Joint Office: Landowner allocation ratio 36.7%, developer allocation ratio 63.3% (2) Yu-Feng Real Estate Appraiser Joint Office: Landowner allocation ratio 36.4%, developer allocation ratio 63.6%

8. Names of Real Estate Appraisers: (1) Tseng Sung-Yu (2) Chen Chih-Hao, Chang Po-Yu

9. License Numbers of Real Estate Appraisers: (1) 105 Taipei City Appraisal No. 00235 (2) 108 Taipei City Appraisal No. 000268, 111 Taipei City Appraisal No. 000312

10. Specific Purpose of the Acquisition: To construct residential units and parking spaces for sale or lease

11. Dissenting Director Opinions on the Transaction: None

12. Is this a Related-Party Transaction? No

13. Date of Supervisor Approval or Audit Committee Consent: Not applicable

14. Is the Appraisal Report a Limited, Specific, or Special Price? No or Not applicable

15. Has the Appraisal Report Not Been Obtained? No or Not applicable

16. Reason for Not Obtaining the Appraisal Report: Not applicable

17. Reasons for Significant Differences in Appraisal Results and Auditor's Opinion: Not applicable

18. Name of Accounting Firm: Not applicable

19. Name of Auditor: Not applicable

20. Auditor License Number: Not applicable

21. Previous Material Information Disclosure Date for the Same Event: Announced on June 23, 115

22. Other Remarks: Utilizing the development budget authorized by the board resolution dated April 29, 115