China Metal Products Co., Ltd. announced approval by the BOD of the signing of joint construction agreement with CMP and Hotel National, on Behalf of Major Subsidiary PUJEN Land Development Co., Ltd. Counterparty to the contract and relationship with the Company: (1) China Metal Product Co., Ltd. (CMP); (2) The Hotel National Company Limited. (Hotel National); (3) Pujen Land Development Co., Ltd. (Pujen). 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: Pujen (Developer) has signed a joint construction agreement with CMP and Hotel National (Landowners) for 19 lots of land, located in Houlongzi, West District of Taichung City.

Estimated joint construction allocation: (Landowners) 40.50%; (Developer) 59.50%. The BOD of Pujen has approved to sign a joint construction agreement with CMP, which owns of 16 lots of land in Houlongzi, West District of Taichung City, and the Hotel National, which owns of 3 lots of land in Houlongzi, West District of Taichung City. The development will be carried out through a joint construction and separate sales approach, where CMP and Hotel National will provide the land, and Pujen will invest in construction.

The relevant agreement matters will proceed after the BOD of Pujen approval.