Today's Information

Provided by: SHINKONG SYNTHETIC FIBERS CORPORATION
SEQ_NO 1 Date of announcement 2021/11/01 Time of announcement 18:58:19
Subject 
 Announcing the Company Being the Best
Applicant of the Taoyuan City Yoshi international
Youth Entrepreneur's Village and Smart Manufacturing Park
Date of events 2021/11/01 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):
8 superficies of national land located at sublots
No. 888, 893, 897, 909, 919, 920, 921, and 922, Lot Gaoshi,
Yangmei District, Taoyuan City.
2.Date of occurrence of the event:2021/11/01
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction units: 113,767.12 square meters, equivalent to
34,414.55 ping.
Total superficies royalties: NTD 950,000,000.
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):
National Property Administration and Department of
Economic Development, Taoyuan City Government. There is no
relationship with the company.
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:N/A
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:
Terms of delivery: as detailed in the contract.
Restrictive covenants in the contract and other important
terms and conditions:
1.Right of superficies period 50 years.
2.The winning tenderer must establish a company within 60days
that is solely dedicated for operation of the use of superficies.
3.The superficies-related land lots should be fully developed
within the next eight years, with 50% of Phase One should be
completed within the next five years.
4.A Youth Entrepreneur��s Village should be established and be
transferred to the Department of Economic Development of the
Taoyuan City for free  at the end of the contract term.
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:Public tender.
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:
The superficies are to be used to establish and operate the
Youth Entrepreneur��s Village and Manufacturing areas.
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:2021/08/10
25.Date of ratification by supervisors or approval by
the audit committee:2021/08/10
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:N/A
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:
This transaction is based on the agreement of both parties

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Shinkong Synthetic Fibers Corporation published this content on 01 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 November 2021 11:16:05 UTC.