YeaShin International Development : Announcement on the Company's Acquisition of Land in Beitun District, Taichung City

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Provided by: YeaShin International Development Co., Ltd.
SEQ_NO	5	Date of announcement	2022/06/03	Time of announcement	16:41:02
Subject	Announcement on the Company's Acquisition of Land in Beitun District, Taichung City
Date of events	2022/06/02	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): 1. Land of Trading: Sublots 913-7 -913-10, 915, 915-1 -915-4, 918, 918-1 -918-3, Lot Pingtian, Beitun District, Taichung City and 14 pieces of lands in Lot Chongde with ownership portion of 60%. including Sublot 417-2 2.Co-construction: 3 pieces of lands with ownership portion, including Sublots 918-1, 918-2 of Lot Pingtian and Sublot 417-2 of Lot Chongde, Beitun District, Taichung City. 2.Date of the occurrence of the event:2022/06/02 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Transaction amount: 1. Land of Trading: 14 pieces of lands with ownership portion of 60%, including Sublot 913-7, Lot Pingtian, Beitun District, Taichung City, with a total area of 1,129.92 square meters or 341.8010 pings, and a total transaction amount of NTD454,603,380 2. Co-construction: 3 pieces of lands with ownership pportion, including Sublots 918-1 and 918-2 of Lot Pingtian and Sublot 417-2 of Lot Chongde, Beitun District, Taichung City, with a total area of 836.9932 square meters or 253.1912 pings. The land is provided by the landlord. The Company funded the construction. (Co-construction housing) 4.Trading counterparty and its relationship to 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): Natural person, non-enterprise stakeholder 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 value of transfer:Not applicable. 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 to the Company at the time of the transaction:Not applicable. 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):Not applicable. 8.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions: To be delivered according to the agreement of land for separate parcels of land number. Other important terms and conditions: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 department: To be negotiated with reference on market price and the authorization from the Board of Directors to the Chairman for implementation. 10.Name of the professional appraisal firm or company and its appraisal price:Zhan-Mao Real Estate Appraisers Firm, 14 pieces of lands with ownership portion of 60%, including Sublot 913-7, Lot Pingtian, Beitun District, Taichung City Appraisal amount: 769,065,840*60% = NTD461,439,504 11.Name of the professional appraiser: Appraiser Yang, Shang-Hung 12.Practice certificate number of the professional appraiser: Yang, Shang-Hung (2020)Bei-shih-gu-zhi No. 000283 13.The appraisal report has a limited price, specific price, or special price:None or not applicable 14.An appraisal report has not yet been obtained:None or not applicable 15.Reason for an appraisal report not being obtained:Not applicable. 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:Not applicable. 17.Name of the CPA firm:Not applicable. 18.Name of the CPA:Not applicable. 19.Practice certificate number of the CPA:Not applicable. 20.Broker and broker's fee: Judicial person, not exceeding 5% of the transaction amount. 21.Concrete purpose or use of the acquisition or disposal: Building housing for sale 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:Not applicable. 25.Date of ratification by supervisors or approval by the audit committee:Not applicable. 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:Not applicable. 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:Not applicable. 29.Any other matters that need to be specified: This development project is the integration of the trading of land and the co-construction. After the integration, the amount of value of the land of the whole project reaches the threshold for public announcement.