China Steel Structure : Announcement on behalf of subsidiary,United Steel Engineering & Construction CORP.Board resolution to dispose of real estate

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Provided by: China Steel Structure Co.,Ltd.
SEQ_NO	1	Date of announcement	2022/03/16	Time of announcement	16:02:41
Subject	Announcement on behalf of subsidiary,United Steel Engineering & Construction CORP.Board resolution to dispose of real estate
Date of events	2022/03/16	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): No.973, 975, 975-1, 979 of Qiongdong Section and No.994, 995, 996, 996-1 of Yanbei Section in Yanchao District, Kaohsiung City 1/2 of the property rights of the land and buildings are divided. 2.Date of occurrence of the event:2022/03/16~2022/03/16 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: (1) Number of transaction units: Land: 2056.73 square meters (about 622.16 ping) Buildings: 75.1 square meters (about 22.72 ping) (2) Total transaction amount: about NT$91,693,910. 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: China Prosperity Construction Corporation Its relationship with the company: the related person of the group enterprise 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) The reason for selecting the trading partner: the integrated development of land assets of the group company (2) Owner of the previous transfer: non related person (3) Date of previous transfer: October 18, 2011 (4) Previous transfer price: NT$91,693,910 (50% of the property) 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): Both parties jointly hold one-half of the land as the basis for subsequent cooperative development between both parties, and no disposal profit or loss is expected. 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1) Payment according to contract conditions. (2) restrictive covenants in the contract, and 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 unit: price negotiation； In accordance with the resolution of the board of directors 10.Name of the professional appraisal firm or company and its appraisal price: (1) Taiwan Valuation Group（TVG） (2) NT$93,629,500 (50% of the property) 11.Name of the professional appraiser: Chen, Lien-Hsing 12.Practice certificate number of the professional appraiser: (101)Kaohsiung City Real Estate Appraiser Practicing License No.000068 (Hair change) 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: None 21.Concrete purpose or use of the acquisition or disposal: United Steel Engineering & Construction Corp. disposed of the land to China Property Construction Corporation The two sides jointly hold points Half of the land will be used as the basis for subsequent cooperative development between the two sides. 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: 2022/03/16 25.Date of ratification by supervisors or approval by the audit committee: NA 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: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