Da Li Development : To announce the disposal of land in the State of Washington, U.S. on behalf of the foreign subsidiary, DA LI Properties LLC

Close

Today's Information

Provided by: DA-LI DEVELOPMENT CO., LTD.
SEQ_NO	1	Date of announcement	2022/07/01	Time of announcement	04:03:23
Subject	To announce the disposal of land in the State of Washington, U.S. on behalf of the foreign subsidiary, DA LI Properties LLC
Date of events	2022/06/30	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):Land in the State of Washington, U.S. 2.Date of occurrence of the event:2022/06/30~2022/06/30 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Transaction unit:27,120 SF. Total transaction price:USD42,000,000.00 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): Counterparty of the trade:LPC West, Inc. Relationship with the Company:Not the Company's 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: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):Projected gain through disposal:USD18,300,000.00 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Payment at the time of contract signing:USD1,300,000.00 Payment at the time of transfer:USD40,700,000.00 Restrictive covenants in the contract, and other important terms and conditions: None 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 and the decision-making unit: Price negotiation and the board of directors of DA LI Properties LLC The reference basis for the decision on price:The price of this transaction is negotiated with market conditions and appraisal reports taken into account and set based on the unanimous agreement between the buyer and the seller. 10.Name of the professional appraisal firm or company and its appraisal price: (1)Cushman & Wakefield of Washington, Inc.;appraisal price USD23,200,000.00 (2)JLL Valuation & Advisory Services, LLC;appraisal price USD23,500,000.00 11.Name of the professional appraiser: (1)Scott F. Biethan (2)Robert D. Taylor 12.Practice certificate number of the professional appraiser: (1)Appraiser License No.1100901 (2)Appraiser License No.1101615 13.The appraisal report has a limited price, specific price, or special price:NA 14.An appraisal report has not yet been obtained:No 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:NA 21.Concrete purpose or use of the acquisition or disposal: Realization of return on investment 22.Any dissenting opinions of directors to the present transaction:None 23.Whether the counterparty of the current transaction is a related party:No 24.Date of the board of directors resolution:NA 25.Date of ratification by supervisors or approval by the audit committee:NA 26.The transaction is to acquire a real property or right-of-use asset from a related party:No 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: The amount of the transaction is at the exchange rate of 29.725