Highwealth Construction : Announcement of Proposed Sale of the Company’s Parking Space to Related Parties

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Provided by: Highwealth Construction Corp.
SEQ_NO	6	Date of announcement	2022/03/15	Time of announcement	18:12:27
Subject	Announcement of Proposed Sale of the Company's Parking Space to Related Parties
Date of events	2022/03/15	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): Construction Project in Nantun District, Taichung City-1 parking space in the Shu He Yuan project. 2.Date of occurrence of the event:2022/03/15 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Number of transaction units: 1 parking space The total transaction amount is NT$0.90 million. 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: Mr. TSAI, CHUNG-PING Relationship with the Company: A related party of the Company. Chairman of RUN LONG CONSTRUCTION CO., LTD. 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: Reasons for selecting a related party as the transaction counterparty: General sale. The owner in the previous transfer, the relationship between the owner in the previous transfer, the Company, and the transaction counterparty,the date of the previous transfer, and the amount of the transfer: Not applicable. 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: Not applicable. 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition): It is estimated that the profit margin on the sale is about 10%-15%. 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Payment is made according to the real estate sale contract. 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 decision method of this transaction: Bargaining The reference basis for price determination: Market prices Decision-making unit: Board of Directors 10.Name of the professional appraisal firm or company and its appraisal price:Not applicable. 11.Name of the professional appraiser:Not applicable. 12.Practice certificate number of the professional appraiser: Not applicable. 13.The appraisal report has a limited price, specific price, or special price:None or not applicable. 14.An appraisal report has not yet been obtained:None or not applicable. 15.Reason for an appraisal report not being obtained:Not applicable. 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:Not applicable. 17.Name of the CPA firm:Not applicable. 18.Name of the CPA:Not applicable. 19.Practice certificate number of the CPA:Not applicable. 20.Broker and broker's fee:Not applicable. 21.Concrete purpose or use of the acquisition or disposal: General sale to make profit 22.Any dissenting opinions of directors to the present transaction:None. 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2022/03/15 25.Date of ratification by supervisors or approval by the audit committee:2022/03/15 26.The transaction is to acquire a real property or right-of-use asset from a related party:Yes 27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:Not applicable. 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:Not applicable. 29.Any other matters that need to be specified:None.