Tatung : To announce the acquisition of right-of-use assets of real property on behalf of Cinzhi Power CO., Ltd, the company’s subsidiary.

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Provided by: TATUNG CO.
SEQ_NO	3	Date of announcement	2022/07/29	Time of announcement	18:43:52
Subject	To announce the acquisition of right-of-use assets of real property on behalf of Cinzhi Power CO., Ltd, the company's subsidiary.
Date of events	2022/07/29	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):A land located at No. 106, Minsheng Rd., Dayuan Dist., Taoyuan City. 2.Date of occurrence of the event:2022/07/29 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Lease land area: 4,670 ping. Unit Price: NT$21,222 dollars per ping. Total transaction price: NT$99,105,005 dollars. 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: Shan Chih Asset Development Co., Ltd. Its relationship with the Company: Cinzhi Power Co., Ltd., and Shan Chih Asset Development Co., Ltd.are both 100% owned by the final parent company, Tatung Corporation. 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: The reason for choosing: For operating purpose The identity of the previous owner: NA Its relationship with the Company and the trading counterparty: NA The previous date and monetary amount of transfer:NA 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):NA 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: NT$934,000 dollars per month. Payment Period: From 2022/06/01 to 2032/05/31. Signing date: 2022/04/06 Restrictive covenants in the contract: None. Other important terms and conditions: If Cinzhi Power CO., Ltd. wants to extend the lease period, it should notify Shan Chih Asset Development Co., Ltd. six months in advance, and obtain its consent. 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: Price negotiation The reference basis for the decision on price: According to market condition. The decision-making unit:The Board of Directors of Cinzhi Power CO., Ltd. 10.Name of the professional appraisal firm or company and its appraisal price: The professional appraisal firm: Yang Jie Estate Appraiser & Associates. Appraisal price: NT$101,039,822 dollars. 11.Name of the professional appraiser: Yumin Yeh 12.Practice certificate number of the professional appraiser: No. 291 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: Establish energy storage system, provide automatic frequency control service to Taiwan Power Company. 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:2022/07/29 25.Date of ratification by supervisors or approval by the audit committee:2022/07/29 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: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:None.