CTBC Financial : Announcement on behalf of CTBC Bank to announce disposal of real estate sale, with cumulative transaction amount achieved NT$300 million within the preceding year.

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Provided by: CTBC FINANCIAL HOLDING CO., LTD.
SEQ_NO	10	Date of announcement	2022/05/24	Time of announcement	17:53:47
Subject	Announcement on behalf of CTBC Bank to announce disposal of real estate sale, with cumulative transaction amount achieved NT$300 million within the preceding year.
Date of events	2022/05/24	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): Residential property (No. 8 to No. 20, Aly. 97, Ln. 110, Huqian St., Xizhi Dist., New Taipei City ) 2.Date of occurrence of the event:2022/05/24 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Total of 18 units(including 18 parking spaces), 3,958.76 square meters, Equivalent to 1,197.53 ping. Unit price: around 293,000/ping (around 952,000/per lot) Total transaction price: NT$308,772 thousand 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: Natural person. Relationship with the Company: Not a related party 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: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): Projected gain about NT$95,904 thousand 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Payment will be divided into two parts (30% upon contract sealed, 70% upon delivery) 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: Refer to the price of internal and external related information, and after comparison, take the highest value of each as the basis for the final price. Reference basis for the decision on price: external appraisal report Decision-making unit: Board of CTBC Bank 10.Name of the professional appraisal firm or company and its appraisal price: Cushman & Wakefield Real Estate Appraiser Office, 6 units at NT$91,968,690 Yang Jie Real Estate Appraisers Joint Firm, 6 units at NT$86,925,172 Grand Elite Real Estate Appraisers Firm, 6 units at NT$82,531,838 Affluence Real Estate Appraiser Firm, 6 units at NT$88,007,715 Affluence Real Estate Appraiser Firm, 12 units at NT$206,259,010 Honda Appraisers Joint Firm, 12 units at NT$208,005,240 HomeBan Appraisers Joint Firm, 12 units at NT$207,509,548 11.Name of the professional appraiser: Cushman & Wakefield Real Estate Appraiser Office, Chia-He Tsai. Yang Jie Real Estate Appraisers Joint Firm, Yu-Ming Yeh. Grand Elite Real Estate Appraisers Firm, Fu-Sheng Wang. Affluence Real Estate Appraiser Firm, Pi-Yuan Chen. Honda Appraisers Joint Firm, Jian-Ming Tsia HomeBan Appraisers Joint Firm, Ching-Tang Li 12.Practice certificate number of the professional appraiser: Chia-He Tsai (94)TCG_NO.000080 Yu-Ming Yeh (109)TCG_NO.000291 Fu-Sheng Wang (100)TCG_NO.000014 Pi-Yuan Chen (98)YCG_NO.000020 Jian-Ming Tsia (110)TCG_NO.000301 Ching-Tang Li (108)TCG_NO.000278 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:2% of the property price 21.Concrete purpose or use of the acquisition or disposal: Disposal of idle property. 22.Any dissenting opinions of directors to the present transaction:NA 23.Whether the counterparty of the current transaction is a related party:NA 24.Date of the board of directors resolution:NA 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:Nil 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:Nil