Mercuries Life Insurance : Announced by Mercuries Life Insurance Co., Ltd. to disposal of real estate

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Provided by: Mercuries Life Insurance Co., Ltd.
SEQ_NO	3	Date of announcement	2022/07/13	Time of announcement	16:51:55
Subject	Announced by Mercuries Life Insurance Co., Ltd. to disposal of real estate
Date of events	2022/07/13	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): Land: Lot No.211, and 212, Fourth Subsection, Xihu Section, Neihu Dist., Taipei City. Building: No. 235, 237 and 239, Sec.2, Tiding Blvd., Neihu Dist., Taipei City; 4th to 20th Floor, No.239, Sec.2, Tiding Blvd., Neihu Dist., Taipei City; No.241, Sec2, Tiding Blvd., Neihu Dist., Taipei City; 316 parking spaces. 2.Date of occurrence of the event:2022/07/13~2022/07/13 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Land: 5,275.95 square meters, equal to 1,595.97 pings. Building: 38,507.16 square meters, equal to 11,648.42 pings. Total transaction price (NT$): 8,350,000,000 (including VAT) 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):China Life Insurance Co., Ltd., not related. 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:NA 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:NA 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):NT$ 1.26 billion 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Delivery and payment: stated in the contract. Restrictive covenant: no. Other important agreements: no. 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: invitation to tender. The reference basis for the decision on price: appraisal real estate market values. Decision-making department: the board. 10.Name of the professional appraisal firm or company and its appraisal price:China Real Estate Appraiser Firm, NT$7,110,384,411 Jin Han Real Estate Appraisers Joint Firm, NT$6,940,891,239 11.Name of the professional appraiser: China Real Estate Appraiser Firm: Hsieh, Dian-Ching Jin Han Real Estate Appraisers Joint Firm, Wu, Yu-Chun 12.Practice certificate number of the professional appraiser: Hsieh, Dian-Ching, No. 000149, Taipei City (Year 2000) Wu, Yu-Chun, No. 000163, Taipei City (Year 2000) 13.The appraisal report has a limited price, specific price, or special price:No 14.An appraisal report has not yet been obtained:No 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:Cushman & Wakefield Limited Taiwan Branch, stated in the the Public Tender Sole Agency Agreement. 21.Concrete purpose or use of the acquisition or disposal: Asset revitalization. 22.Any dissenting opinions of directors to the present transaction:No 23.Whether the counterparty of the current transaction is a related party:No 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: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: Subject to the Board resolution and official stipulation on Real Estate Purchase Agreement in consequence.