|Announcement for real estate acquisition on behalf of sub-subsidiary, Wowprime (China) Co., Ltd.|
Date of events 2018/01/30 To which item it meets paragraph 20
1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):
Room 1702, level 14, and room 1801,1802,1803,1804, level 15,
Shanghai Greenland International Plaza, No.562, Dongan Road,
Xuhui District, Shanghai, China
2.Date of the occurrence of the event:2018/01/30
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:
Building area: 2,447.75 square meters, equivalent to 740.44 p’ing.
Total transaction price: RMB 174,147,141, equivalent to NTD 801,076,849.
4.Counterparty to the trade and its relationship with the company (if
the trading counterpart is a natural person and is not an actual
party of the Company, the name of the trading counterpart is not
required to be disclosed):
Shanghai Greenland Hengbin Real Estate Co., LTD.
Not an actual related party of the Company.
5.Where the counterpart to the trade is an actual related party, a
public announcement shall also include the reason for choosing the
related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and
the trading counterpart), price of transfer and the date of
6.Where a person who owned the property within the past five years has
been an actual related person of the company, a public announcement
shall also include the dates and prices of acquisition and disposal
by the related person and the person’s relationship to the company
at those times:
7.Anticipated loss or profit from the disposal (not applicable in cases
of acquisition of assets) (where originally deferred, the status or
recognition shall be stated and explained):
8.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract,
and other important stipulations:
From January 2018 to the end of March 2018, payment was made in three
installments in total of RMB174,147,141. Payment of 30% in January,
30% in February, and 40% in March 2018.
9.The manner of deciding on this transaction (such as tender invitation
, price comparison, or price negotiation), the reference basis for the
decision on price and the decision-making department:
This transaction is decided by negotiation and refer to the appraisal
report. The decision is approved by the Board of Directors.
10.Name of the professional appraisal institution and its appraisal
CUSHMAN&WAKEFIELD INTERNATIONAL PROPERTY ADVISERS.
The appraisal amount is RMB 185,000,000.
11.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:
12.Is the appraisal report price a limited price or specific price?:
13.Has an appraisal report not yet been obtained?:
14.Reason for an appraisal report not been obtained:
15.Broker and broker's fee:
Shanghai MODANG Investment Partnership. The brokerage fee is
RMB 4,000,000, equivalent to NTD 18,400,000.
16.Concrete purpose or use of the acquisition or disposal:
To meet the Group's long-term development needs, to use as a headquarter
and training centers.
17.Do the directors have any objection to the present transaction?:
18.Any other matters that need to be specified:
The exchange rate is 1 RMB for 4.60 NTD which refer to Bank of Taiwan
and dated on 2018/1/30.