CTBC Financial Holding Co. Ltd.

02/26/2020 | Press release | Distributed by Public on 02/27/2020 04:28

Annoucement by CTBC Holding, BOD approved to obtain and dispose the right-of-use assets from related parties. (Supplement to the announcement on 2019/12/25)

1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):
4.5.12.19.20.21.22.25.26.27.28.29F., No.168, Jingmao 2nd Rd., Nangang Dist.,
Taipei City, Taiwan
4F., No.188, Jingmao 2nd Rd., Nangang Dist., Taipei City, Taiwan
2.Date of the occurrence of the event:2020/02/26
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:
(1)Change 936.51 p'ing unit price:NTD 2,020/p'ing to 679.85 p'ing unit price:
NTD 2,020/p'ing
(2)274.26 p'ing unit price:NTD 2,070/p'ing
(3)Change 198.83 p'ing unit price: NTD 2,110~2,170/p'ing to 197.25 p'ing unit
price: NTD 2,110~2,170/p'ing
rental price per month:Change NTD2,888,467 to NTD2,366,585
total transaction price:Change NTD69,323,208 to NTD57,841,804
4.Counterparty to the trade and its relationship with the company (if
the trading counterpart is a natural person and is not an actual
related
party of the Company, the name of the trading counterpart is not
required to be disclosed):
The trading counterpart: CTBC Bank Co., Ltd
CTBC Bank Co., Ltd is an actual related party of the company
5.Where the counterparty to the trade is an actual related party, a
public announcement shall also include the reason for choosing the
related party as trading counterpart and the identity of the
previous owner (including its relationship with the company and
the trading counterpart), price of transfer and the date of
acquisition:
The reason for choosing the related party as trading counterpart:
Joint office for the company group. The location, size of space and other
contains are aligned with business need.
6.Where a person who owned the property within the past five years has
been an actual related person of the company, a public announcement
shall also include the dates and prices of acquisition and disposal
by the related person and the person's relationship to the company
at those times:N/A
7.Anticipated loss or profit from the disposal (not applicable in cases
of acquisition of assets) (where originally deferred, the status or
recognition shall be stated and explained):N/A
8.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract,
and other important stipulations:
To pay rent by quarter. Monetary amount: Change NTD8,665,401 to NTD7,099,755
Payment period:2020/3/1~2021/12/31
Either party may terminate this Agreement, as agreed, by giving a three-month
written advance notice to the other party.
9.The manner of deciding on this transaction (such as tender invitation
, price comparison, or price negotiation), the reference basis for the
decision on price and the decision-making department:
The reference basis for the decision on price: appraisal report made by a
legal real estate appraiser
The decision making department: BOD
10.Name of the professional appraisal institution and its appraisal
amount:
Chuan Li appraisal institution and its appraisal amount:NTD 2,040(Not
including office facilities)
11.Name of the appraiser:WEI, SHIH-CHING
12.Practice certificate number of the appraiser:(100)桃市估字第000031號(換發)
13.Is the appraisal report price a limited price or specific price?:NO
14.Has an appraisal report not yet been obtained?:N0
15.Reason for an appraisal report not been obtained:N/A
16.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:N/A
17.Name of the CPA firm:N/A
18.Name of the certifying CPA:N/A
19.The practice certificate number of the CPA:N/A
20.Broker and broker's fee:N/A
21.Concrete purpose or use of the acquisition or disposal:
Joint office for the company group. The location, size of space and other
contains are aligned with business need.
22.Do the directors have any objection to the present transaction?:NO
23.Is it a related party transaction?:YES
24.Date of the board of directors'resolution:2020/02/26
25.Date of the recognition of the supervisors
or the board of independent directors'resolution:2020/02/25
26.Is the transaction to acquire a real estate
or right-of-use asset from the related party?:YES
27.The appraisal price conducted in accordance with
the Article 16 of the 'Regulations Governing the Acquisition
and Disposal of Assets by Public Companies':N/A
28.Where the above appraisal price is lower than
the transaction price, the appraisal price conducted
in accordance with the Article 17 of the
'Regulations Governing the Acquisition and Disposal
of Assets by Public Companies':N/A
29.Any other matters that need to be specified:N/A