President Chain Store : Announcement regarding to disposal of right-of-use asset

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Provided by: PRESIDENT CHAIN STORE CORPORATION
SEQ_NO	2	Date of announcement	2022/08/03	Time of announcement	19:21:06
Subject	Announcement regarding to disposal of right-of-use asset
Date of events	2022/08/03	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): Right-of-use asset of partial real estate at 1F and basement of No.310, and No.312, Ruilong Rd., Qianzhen Dist., Kaohsiung City 2.Date of occurrence of the event:2022/08/03 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Volume: 119 Taiwanese ping. Total transaction price: around NTD 11,970,021. 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 to the trade:21 Century Enterprise Co., Ltd. Relationship with the company: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: Reason for choosing the related party as trading counterpart: Meets the requirement of operation. Identity of the previous owner: natural person Relationship of previous owner with the Company and the trading counterparty: not a related party. Previous date:1999/2/13 Previous monetary amount of transfer:monthly rent is NTD 40 thousand 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):disposal loss NTD 165,487. 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Payment terms: accordance with the agreement. Restrictive covenants in the contract: 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: by negotiation The reference basis for the decision on price: based on market price. The decision-making department: Board of directors. 10.Name of the professional appraisal firm or company and its appraisal price:NA 11.Name of the professional appraiser:NA 12.Practice certificate number of the professional appraiser:NA 13.The appraisal report has a limited price, specific price, or special price:NA 14.An appraisal report has not yet been obtained:NA 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: Meets the requirement of operation and to creates the best efficiency. 22.Any dissenting opinions of directors to the present transaction:NA 23.Whether the counterparty of the current transaction is a related party:Yes. 24.Date of the board of directors resolution:2022/08/04 25.Date of ratification by supervisors or approval by the audit committee:2022/08/03 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: Not yet been resolved by Board Meeting. While the dispute exists in Board meeting resolution, it will be disclosed.