Century Iron and Steel Industrial : Announcement of the Company’s Disposal of Realty to Related Party(Revise Projected gain through disposal

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Provided by: Century Iron And Steel Industrial Co.,Lt
SEQ_NO	2	Date of announcement	2022/06/08	Time of announcement	17:13:37
Subject	Announcement of the Company's Disposal of Realty to Related Party(Revise Projected gain through disposal
Date of events	2022/01/20	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): Lands S/N 1482, 1482-1, 1483, 1483-1, 1483-2 (incl. Building) Located at Guangxing Lot, Guanyin Dist., Taoyuan City 2.Date of occurrence of the event: 2022/01/20~2022/01/20 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Amount of Transaction: Approx. 1381.7 Ping Unit Price: Approx. NTD 165,000 per Ping (incl. Building) Total Monetary Amount of the Transaction: Approx. NTD 228,000,000 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): Trading Counterparty: Century Wind Power Co., Ltd. Its Relationship with the Company: Subsidiary of 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: (1) Reason for Choosing the Related Party as Trading Counterparty: Following applications of wind Power Industrial Area as well as comprehensive planning of combinations on the overall industrial area supply chain. (2) Identity of the Previous Owner: Luo, Bing-Kun. (3) The previous owner of land is not related to Century Iron & Steel Industrial Co. Ltd. (4) Previous Monetary Amount of Transfer: NTD 21,179 Thousand (5) Date of Previous Acquisition: 2005/04/28 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: Not Applicable 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition): Approx. NTD 161,257 Thousand (incl. De-booked Amounts) 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1) Terms of Payment: as per contract (2) Restrictive Covenants in the Contract: None (3) Other Important Terms and Conditions: The land area is subject to results of revision surveys by land administration, and the agreed selling price of lands shall be reassessed where there is gain or loss on land area in the actual survey results. 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: The monetary amount of this transaction is NTD 165,000 for per ping of land (incl. building), as per appraisal by Cheng-Lung Realty Appraiser & Associates and comparison on market quotations of surrounding lands Decision-Making Unit: Board of Directors of the Company 10.Name of the professional appraisal firm or company and its appraisal price: Name of the Professional Appraisal Firm or Company: Cheng-Lung Realty Appraiser & Associates Appraisal Price: Land at NTD 130,000 per Ping; Building at NTD 71,000 per Ping 11.Name of the professional appraiser: Chen, Hsun-Hong 12.Practice certificate number of the professional appraiser: (109) Taoyuan-City-Appraisal-Zi-No. 000061 13.The appraisal report has a limited price, specific price, or special price: No 14.An appraisal report has not yet been obtained: No 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: Not Applicable 21.Concrete purpose or use of the acquisition or disposal: Following applications of wind Power Industrial Area as well as comprehensive planning of combinations on the overall industrial area supply chain. 22.Any dissenting opinions of directors to the present transaction: None 23.Whether the counterparty of the current transaction is a related party: Yes 24.Date of the board of directors resolution: 2022/01/20 25.Date of ratification by supervisors or approval by the audit committee: 2022/01/20 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: 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: None