Disclosure Date: 1150714 Statement Date: 1150713 Statement Time: 163742 Company Code: 1532 Company Name: Chinfon Subject: Announcement on Behalf of Subsidiary Quan Guo Da Fan Dian Co., Ltd. Regarding Purchase of Public Facility Reserved Land in Taichung City Compliance Clause: Clause 20 Factual Date: 1150713 Explanation:

1. Name and Nature of the Subject Property (e.g., land located in Section X, Subsection X, Beitun District, Taichung City): Three plots of land in Section 1006-1, 1007-2, and 1008-1, Bao'an Segment, Nantun District, Taichung City

2. Factual Date: 115/7/13 ~ 115/7/13

3. Board Approval Date: Not applicable

4. Other Approval Dates: Approval Level: Chairman July 13, 115 (2026)

5. Quantity of Transaction Units (e.g., X square meters, equivalent to X ping), Unit Price, and Total Transaction Amount: Transaction quantity: 3,050.45 square meters (equivalent to 922.7611 ping), unit price: NT$125,130 per square meter (same below), total transaction amount: NT$381,702,809

6. Counterparty and Their Relationship with the Company (If the counterparty is an individual and not a related party of the company, their name may be withheld): Counterparty: All individuals Relationship with the company: None are related parties of the company

7. If the counterparty is a related party, disclose the reason for selecting them, the previous transferor, relationships among the previous transferor, the company, and the counterparty, previous transfer date, and transfer amount: Not applicable

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

9. Expected Gain (or Loss) on Disposal (Not applicable for asset acquisition) (If deferred, provide a table showing recognition schedule): Not applicable

10. Delivery or Payment Terms (including payment periods and amounts), Contractual Restrictive Clauses, and Other Important Agreements: Purchase price shall be handled through a real estate transaction escrow service. Payment Schedule: First installment: 10% of total price (NT$38,170,280) upon signing and stamping Second installment: 10% of total price (NT$38,170,280) upon tax clearance and document preparation Third installment: 60% of total price (NT$229,021,686) upon completion of ownership transfer Fourth installment: 20% of total price (NT$76,340,563) upon receipt of confirmation letter or six months from signing date, whichever comes first

11. Transaction Decision Method (e.g., bidding, comparison, or negotiation), Reference Basis for Price Determination, and Decision-Making Unit: (1) Transaction Decision Method: Negotiation (2) Reference Basis for Price Determination: Market conditions for FAR transfer donor sites in Taichung City and valuation report issued by professional real estate appraiser, with comprehensive assessment of development benefits (3) Decision-Making Unit: Chairman (Quan Guo Da Fan Dian is a single-director company without a board of directors; thus, the chairman exercises board authority per Company Act)

12. Name of Appraisal Firm or Company and Valuation Amount: Cheng Shi Real Estate Appraiser Joint Office, Valuation Amount: NT$388,804,259

13. Name of Professional Appraiser: Wei Wei-Xuan

14. Appraiser’s License Number: (112) Taipei Appraisal No. 000326

15. Whether the appraisal report specifies a restricted, special, or fixed 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. 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 Acquisition or Disposition: To support Chinfon Group’s Taichung development project and improve overall development efficiency and return on investment

24. Dissenting Director’s Opinion on This Transaction: None

25. This transaction is a related-party transaction: No

26. Date of Supervisor Approval or Audit Committee Consent: Not applicable, as Quan Guo Da Fan Dian is a single-director company without a board of directors, thus the chairman exercises board authority per Company Act; no supervisor is appointed.

27. This transaction involves acquiring real estate or right-of-use assets from a related party: No

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

29. Valuation price under Article 17 of the same rules if the prior valuation is lower than transaction price: Not applicable

30. Previous date of material information disclosure on the same event: Not applicable

31. Other Explanatory Matters: None

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  • Source: PR Times
  • Category: News