Tatung : On behalf of subsidiary SCAD to agree that Yuan-Li Contracting Corp. and Tatung Forestry & Construction Co. jointly undertake the Zhonghe construction project.

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Provided by: TATUNG CO.
SEQ_NO	4	Date of announcement	2021/12/08	Time of announcement	22:45:06
Subject	On behalf of subsidiary SCAD to agree that Yuan-Li Contracting Corp. and Tatung Forestry & Construction Co. jointly undertake the Zhonghe construction project.
Date of events	2021/12/08	To which item it meets	paragraph 20
Statement	1.Type of contract: Construction Contract 2.Date of occurrence of the event:2021/12/08 3.Counterparty to the contract and relationship with the Company: (1) Contract-issuing Party SCAD (Shan-Chih Asset Development Co.,): the subsidiary company of Tatung. (2) Contractor Yuan-Li Contracting Corp.: Substantive related party of Shan-Chih Asset Development Co. Yuan-Li Contracting Corp. and Tatung Forestry & Construction Co. will sign a joint contract agreement; the above mentioned two companies are related to SCAD. 4.Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and start and end dates of the contract), restrictive covenants, and other important terms and conditions: (1)Construction Scope: Liancheng Jinhe MRT Station (LG07) construction; The construction includes basement area and joint development buildings. (2)Total Value of Construction Contract: NT$ 3,606,305 thousand dollars. (The section finished is not included) (3)Commencement date and expiration date of the construction: From the official contract signing date until the date of the acceptance of MRT joint development building construction project. 5.Name of the professional appraisal firm or company and its appraisal opinion: Name: JHONG-DING Real Estate Appraiser Office appraisal amount: NT 3,619,318 thousand dollars. Name: Integration Appraisers Jointed Firm appraisal amount: NT 3,662,508 thousand dollars. The appraisal result is within a reasonable interval. 6.Name of the real property appraiser: Name: Jhong-Ding Real Estate Appraiser Office :CHIEN,WU-CHIH Name: Integration Appraisers Jointed Firm :LIAO,FENG-LIN 7.Practice certificate number of the real property appraiser: Name: CHIEN,WU-CHIH :2011-TPA-000172 Name: LIAO,FENG-LIN :2007-TPA-000122 8.Concrete purpose of the acquisition: Complete the construction of basement area and MRT joint development buildings 9.Any dissenting opinions of directors to the present transaction:No 10.Whether the counterparty of the current transaction is a related party:Yes 11.Date of the board of directors resolution:2021/12/08 12.Date of ratification by supervisors or approval by the audit committee:2021/12/08 13.The appraisal report has a limited price, specific price, or special price:No 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.Any other matters that need to be specified: (1)The proposal, which was passed on 2021/12/08 by the board of SCAD, contracts the construction of basement area and MRT joint development buildings to substantive related party, Yuan-Li Contracting Corp., including all matters regarding project-related civil structure, architecture, electrical/mechanical work, and construction. Yuan-Li Contracting Corp. and Tatung Forestry & Construction Co. will sign a joint contract agreement. The resolution also authorizes the Chairman of SCAD to deal with all matters related to construction contract. (2)The decision of the finalized contractor needs to be confirmed by Department of Rapid Transit Systems, Taipei City Government.