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Provided by: HOTAI MOTOR CO.,LTD. | |||||
SEQ_NO | 2 | Date of announcement | 2021/10/27 | Time of announcement | 15:28:56 |
Subject | Hotai Motor announces on behalf of Hotai Auto Body Manufacturing on acquisition of real property from a related party | ||||
Date of events | 2021/10/27 | 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): No 883, Jinle Sec. Xizhou Township, Changhua County 2.Date of occurrence of the event:2021/10/27 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Land area 108.46 square meters,equivalent to 32.809 ping Unit price NTD33,180 Total transaction price NTD1,088,619 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): Trading counterparty:Li-Min,Chen The relationship to the Company:A related party of board member. 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: 1.The reason of choosing the related party as trading counterparty:the land meets the operating requirement 2.The previous owner: Not a related party of Company 3.The previous date and monetary amount of transfer:2020/05/14,NTD 984,000 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:N/A 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Payment term apply to 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: Price negotiation, Related party's cost including necessary fund's interests,Decision making by Board 10.Name of the professional appraisal firm or company and its appraisal price:N/A 11.Name of the professional appraiser:N/A 12.Practice certificate number of the professional appraiser:N/A 13.The appraisal report has a limited price, specific price, or special price:N/A 14.An appraisal report has not yet been obtained:N/A 15.Reason for an appraisal report not being obtained:N/A 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:N/A 17.Name of the CPA firm:N/A 18.Name of the CPA:N/A 19.Practice certificate number of the CPA:N/A 20.Broker and broker's fee:N/A 21.Concrete purpose or use of the acquisition or disposal: For business development 22.Any dissenting opinions of directors to the present transaction:N/A 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2021/10/27 25.Date of ratification by supervisors or approval by the audit committee:2021/10/27 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:NTD1,088,619 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:N/A 29.Any other matters that need to be specified:N/A |
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Hotai Motor Co. Ltd. published this content on 27 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2021 07:37:05 UTC.