BOD Approved Purchase of One 63,000DWT Bulk Carriers.

 BOD Approved Purchase of One 63,000DWT
Bulk Carriers.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):One 63,000DWT bulk carriers
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:
Transaction volume: One bulk carriers
Unit price: About US$20,000,000
Total amount: About US$20,000,000
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):Shoei Kisen Kaisha 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:Not Applicable
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:Not Applicable
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):Not Applicable
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
In installments until the deliveries.
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: Price negotiation
The reference basis for the decision on price: Price negotiation
The decision-making department: Board of Directors
10.Name of the professional appraisal firm or company and
its appraisal price:Not Applicable
11.Name of the professional appraiser:Not Applicable
12.Practice certificate number of the professional appraiser:Not Applicable
13.The appraisal report has a limited price, specific price,
or special price:NA
14.An appraisal report has not yet been obtained:Not Applicable
15.Reason for an appraisal report not being obtained:
The asset is operating asset which do not require an appraisal report.
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:Not Applicable
17.Name of the CPA firm:Not Applicable
18.Name of the CPA:Not Applicable
19.Practice certificate number of the CPA:Not Applicable
20.Broker and broker's fee:None.
21.Concrete purpose or use of the acquisition or disposal:
Portfolio management
22.Any dissenting opinions of directors to the present transaction:None.
23.Whether the counterparty of the current transaction is a
related party:No.
24.Date of the board of directors resolution:2022/01/14
25.Date of ratification by supervisors or approval by
the audit committee:2022/01/14
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: Not Applicable
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:Not Applicable
29.Any other matters that need to be specified:
This Vessel has been leased to our subsidiary since delivery.
The BOD approved exercise purchase option.