Chainqui Construction Development Co.,Ltd announced the construction contract of Xin Yi San Xing section (CHAINQUI X101). Counterparty to the contract and relationship with the Company is IMMENSE TEAM CONSTRUCTION & BUILDING CO., LTD. The content of this contract: The project of San Xing section CHAINQUI X101 signed the construction contract for TWD 533,800,000 (tax included. The above amount excludes electrical and mechanical work, Public decoration,landscape design and other projects.) Start and end dates of the contract: The User License shall be obtained within 1,109 days from the date of commencement of work. .Name of the professional appraisal firm or company and its appraisal opinion: Zhan-Mao Real Estate Appraisers Firm-Use Cost Methond. After the evalution,the final evaluation price is TWD 562,354,688. Name of the real property appraiser: Zhan-Mao Real Estate Appraisers Firm-(Yang-Che-Hao). Practice certificate number of the real property appraiser:
appraiser: Zhan-Mao (109)-000287. Concrete purpose of the acquisition: The projected housing development is for sale.