Retrieving the right to use the investment property.

 Retrieving the right to use the
investment property.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Property assets located at  1th Subsection , Chengzhong Section,
Zhongzheng Dist, Taipei City
2.Date of occurrence of the event:2022/01/14
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
After paying NTD449,368,254 to Chunghwa Post Co., Ltd, Yang Ming retrieve
the right to use the premise at 1th Subsection , Chengzhong Section ,
Zhongzheng Dist, Taipei City , which the company has inherited from China
Merchants Steam Navigation Company, and terminate the loan contract signed
in 1968.
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):Chunghwa Post Co., Ltd; the related party
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:
To retrieve the right to use the premise and terminate the loan contract
with Chunghwa Post Co., Ltd.
China Merchants Steam Navigation Company (the company merged the it in July
1995 and generally assumed all its rights and obligations) borrowed NTD15
million from Chunghwa Post in 1968
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:N.A.
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):N.A.
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:Payment according to mutual agreement
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; evaluated by a professional appraiser and reviewed
by an accountant. The transaction price is reasonable; BOD.
10.Name of the professional appraisal firm or company and
its appraisal price:
(1)Savills Valuation and Professional Services appraisal
 value: NTD440,340,567
(2)Cushman & Wakefield Real Estate Appraiser Office appraisal
value: NTD458,395,941
11.Name of the professional appraiser:
(1)Savills Valuation and Professional Services appraiser : YEH YU FEN
(2)Cushman & Wakefield Real Estate Appraiser Office appraiser: HU CHUN CHUN
12.Practice certificate number of the professional appraiser:
(1)YEH YU FEN (Taipei City Real Estate Appraiser Practicing
License No.000156)
(2)HU CHUN CHUN (Taipei City Real Estate Appraiser Practicing
License No.000175)
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:Trust and Assist CPAs
18.Name of the CPA:LIN,CHANG-YOU
19.Practice certificate number of the CPA:
Taipei City Practicing License No.2785
20.Broker and broker's fee:None
21.Concrete purpose or use of the acquisition or disposal:
For retrieving the right to use the investment property
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:2022/01/14
25.Date of ratification by supervisors or approval by
the audit committee:2022/01/03
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: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