Shin Ruenn development Co. Ltd. plans to develop two parcels of land at land lots 376 and 376-10, Subsection 2,Yuquan Section, Datong District, Taipei City. Counterparty to the contract and relationship with the Company: Lixin Co.

Ltd. Non related-party. Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and start and end dates of the contract), restrictive covenants, and other important terms and conditions: This urban renewal project is implemented through joint construction in agreement with the landowner. Joint construction ratio: It is executed by: 34% for the construction company;64%-66% for the landlord.