Hwang Chang General Contractor : Announcement of acquiring the right-of-use assets from related party on behalf of subsidiary (Ho Chang International Contractor Co., Ltd)

Close

Today's Information

Provided by: HWANG CHANG GENERAL CONTRACTOR CO.,LTD
SEQ_NO	2	Date of announcement	2022/05/30	Time of announcement	16:41:31
Subject	Announcement of acquiring the right-of-use assets from related party on behalf of subsidiary (Ho Chang International Contractor Co., Ltd)
Date of events	2022/05/30	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):23F., No. 537, Tanmei St., Neihu Dist., Taipei City , Taiwan (R.O.C.) 2.Date of occurrence of the event:2022/05/30 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: 1.Leased premises: 202.06 ping and 4 parking spaces. 2.The rent of each ping is NTD1,100 (tax excluded) per month. 3.The rent of each parking space is NTD3,500 (tax excluded) per month. 4.Right-of-use asset total amount :NTD26,681,910(tax excluded). 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): Trading counterparty:HWANG CHANG GENERAL CONTRACTOR CO.,LTD. Its relationship with the company:Related party. 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 counterpart: Location meets the requirement of operation. Previous transaction: NA 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:NA 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NA 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Payment terms: Monthly rental NTD236,266 (tax excluded)； Payment period: 10 years. Contract will re-signed every five year Restrictive covenants in the contract: According to market practice, the building rent will be increased by 3% from the third year, and then increased by 3% every two years 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 manner of deciding on this transaction:price negotiation between the two parties The reference basis for the decision on price: Based on market price. The decision-making department: Board of Directors. 10.Name of the professional appraisal firm or company and its appraisal price:NA 11.Name of the professional appraiser:NA 12.Practice certificate number of the professional appraiser:NA 13.The appraisal report has a limited price, specific price, or special price:NA 14.An appraisal report has not yet been obtained:NA 15.Reason for an appraisal report not being obtained:NA 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:NA 17.Name of the CPA firm:NA 18.Name of the CPA:NA 19.Practice certificate number of the CPA:NA 20.Broker and broker's fee:None 21.Concrete purpose or use of the acquisition or disposal:Office use 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:2022/05/30 25.Date of ratification by supervisors or approval by the audit committee:2022/05/30 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:NA 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:NA 29.Any other matters that need to be specified:No