The Board of the Company¡¦s Subsidiary, SCAD (Shan-Chih Asset Development) Co., has adopted a resolution by signing a cooperation contract with DA CIN Construction Co., Ltd. for land property, Jiankang Sec, Zhonghe Dist., New Taipei City, development. Both parties agree to terminate the¡§construction cooperation contract of land property, Land serial no.478, Jiankang Sec, Zhonghe Dist., New Taipei City, and 13 other lands development. This agreement will become effective upon the approval by the board of the parent company.