Shinkong Synthetic Fibers: Announcement of Acquisition of Real Estate from Related Party Ubright Optronics Corporation

Statement

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Land: located at No. 203、203-1, Lot Renshan,
Daxi District, Taoyuan City.
Building: located at No. 6801、6802, Lot Renshan,
Daxi District, Taoyuan City
2.Date of occurrence of the event:2022/07/25
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Total area: 620.75 square meters, equivalent to187.7769 Ping.
Unit pice: NTD192,515.69 per Ping.
Total transaction amount including land and building:
NTD 36,150 thousand
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
Ubright Optronics Corporation(UOC) is a subsidiary of
Shinkong Synthetic Fibers Corp(SSFC).
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer:
Reason for choosing the related party as trading
counterparty: Group resource integration and development.
Previous owners prior to this transaction: Yitai Construction Co., Ltd.
The relationship of previous owners with the Company and the
 trading counterparty: No
The previous date and monetary amount of transfer: 2015/1/9、
NTD35,000 thousand
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:N/A
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):N/A
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Terms of delivery or payment: in accordance with the
land sales contract signed by both trading parties.
Any restrictive covenants in the contract, and
other important terms and conditions: None.
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
The transaction decision was made based on price negotiation.
Reference basis used: market price and the appraisal price
for nearby plots.
Decision-making unit: board of directors.
10.Name of the professional appraisal firm or company and
its appraisal price:
Appraisal firm: Grand Elite Real Estate Appraisers Firm
Appraisal price: NTD35,677,611
11.Name of the professional appraiser:WANG Fu-Sheng
12.Practice certificate number of the professional appraiser:
No. (100) BG000014
13.The appraisal report has a limited price, specific price,
or special price:N/A
14.An appraisal report has not yet been obtained:N/A
15.Reason for an appraisal report not being obtained:N/A
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:N/A
17.Name of the CPA firm:N/A
18.Name of the CPA:N/A
19.Practice certificate number of the CPA:N/A
20.Broker and broker's fee:None
21.Concrete purpose or use of the acquisition or disposal:
Group resource integration and development
22.Any dissenting opinions of directors to the present transaction:None
23.Whether the counterparty of the current transaction is a
related party: Yes
24.Date of the board of directors resolution:2022/07/25
25.Date of ratification by supervisors or approval by
the audit committee:2022/07/25
26.The transaction is to acquire a real property or right-of-use
asset from a related party:Yes
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies: N/A
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations: N/A
29.Any other matters that need to be specified:None.

About Wanda G. Warren

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