Fu Hua Xin Announces Subsidiary's Joint Development and Sales Agreement with Related Party

Disclosure Date: 1150812 Statement Date: 1150811 Statement Time: 180515 Company Code: 3056 Company Name: Fu Hua Xin Subject: Announcement on behalf of subsidiary Fu Hua Construction Co., Ltd. regarding joint development and sales with related party Compliance Clause: Item 20 Factual Date: 1150811 Details: 1. Type of Contract: Joint Development and Sales 2. Factual Date: 115/8/11 ~ 115/8/11 3. Board Approval Date: August 11, 115 (Minguo Calendar) 4. Other Approval Dates: Not applicable 5. Counterparty and Relationship to Company: Counterparty: Fu Hua Innovation Co., Ltd. Relationship: Parent company of the issuer 6. Main Contract Contents (including total contract value, estimated investment amount, contract start and end dates), restrictive clauses, and other important terms: (1) Land Description: Lot No. 15, Wenshang Segment, Xitun District, Taichung City (1 parcel) (2) Estimated Joint Development Ratio: Landowner 58%, Builder (Fu Hua Construction) 42% (3) Estimated Investment Amount: NT$27,189.6 million (4) Contract Period: Obtain use permit within 45 months after official construction commencement 7. Name of Real Estate Appraiser Firm and Appraisal Results: (1) Zhan Mao Real Estate Appraisers Joint Office Joint development allocation ratio: Landowner 57.23%, Builder (Fu Hua Construction) 42.77% (2) Jing Rui Real Estate Appraisers Joint Office Joint development allocation ratio: Landowner 57.52%, Builder (Fu Hua Construction) 42.48% 8. Names of Real Estate Appraisers: (1) Zhan Mao Real Estate Appraisers Joint Office: Yang Shang-Hong (2) Jing Rui Real Estate Appraisers Joint Office: Wang Fu-Sheng 9. License Numbers of Real Estate Appraisers: (1) Yang Shang-Hong: (109) Taipei City Appraisal No. 000283 (2) Wang Fu-Sheng: (100) Taichung City Land Appraisal No. 000014 10. Specific Purpose of the Transaction: To jointly construct and sell residential units for profit. 11. Dissenting Director Opinions on the Transaction: None 12. Is this a related-party transaction: Yes 13. Date of Supervisor Acknowledgment or Audit Committee Approval: August 11, 115 (Minguo Calendar) 14. Is the appraisal report a restricted, specific, or special price: No or Not applicable 15. Has the appraisal report not yet 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 accountant opinions: Not applicable 18. Name of Accounting Firm: Not applicable 19. Name of Accountant: Not applicable 20. Accountant License Number: Not applicable 21. Previous date of material information disclosure on the same event: Not applicable 22. Other Statements: None