Chateau International Development Co., Ltd. announced the renewal of the amusement facilities area Investment and operation contract for the Beach Area of Kenting Forest Recreation Area. The Forestry and Nature Conservation Agency, Ministry of Agriculture will provide the recreational facilities area in the seaside area of Kenting. Forest Recreation Area to company for continued investment and operation.

The company shall be responsible for the construction, maintenance and operation of facilities within the scope of the contract in accordance with the operation plan approved by the Forestry and Nature Conservation Agency. The construction of the facilities mentioned in the preceding paragraph shall be carried out in the name of the Forestry and Nature Conservation Agency. Upon completion, the ownership will be vested in the Forestry and Nature Conservation Agency free of charge.

During the term of this contract, the Company shall not sublet, sublease or transfer the land, facilities and operating rights provided by the Forestry and Nature Conservation Agency to others without the written consent of the Forestry and Nature Conservation Agency. The company shall not use the operating rights of this contract to create rights pledges or other similar security rights. Unless otherwise stipulated in the contract, when the entrusted operation period expires or is terminated, the company shall unconditionally return all properties and items owned by the Forestry and Nature Conservation Agency to the Forestry and Nature Conservation Agency within two months based on the latest inventory of properties and items at that time.

Conservation Department, and counted the belongings and evacuees. Commitment (not applicable where rescinded): The company should comply with regulations and the spirit of sustainable use, and obtain the hotel industry environmental protection label before December 31, 2024. The company should allocate 0.1% of the previous year's operating income every year for feedback and ecological conservation plans.

The investment amount for the contract repairs in the first phase (the third phase) amounted to TWD 144,400 (In Thousands of TWD) . Due to the impact of the COVID-19 epidemic, approximately TWD 57,300 (In Thousands of TWD) of it could not be completed within the operating period of the contract. Therefore, in the fourth phase, the contract promised to the uninvested amount will be completed before September 30, 2026.

Effect on company finances and business: Obtained the amusement facilities area in the beach area of Kenting Forest Recreation Area and continued to invest and operate it.