Gloria Material Technology : Represent subsidiary Zhejiang Jiaxing Shiang Yang Metal Material Technology Co., Ltd. to announce the Board resolution of disposal of land and buildings.

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Provided by: GLORIA MATERIAL TECHNOLOGY CORP
SEQ_NO	2	Date of announcement	2022/06/30	Time of announcement	17:08:41
Subject	Represent subsidiary Zhejiang Jiaxing Shiang Yang Metal Material Technology Co., Ltd. to announce the Board resolution of disposal of land and buildings.
Date of events	2022/06/30	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 and building located at No.128, Shuguang Road, Jiaxing economic and technological development zone,Zhejiang. 2.Date of the occurrence of the event:2022/06/30 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Transaction amount: Land:46,494.2 square meters Building:26,054.14 square meters total transaction price: RMB132,500 thousands 4.Trading counterparty and its relationship to 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): Trading counterparty: Zhejiang xinghui Industry Co.,Ltd. Relationship with the Company: None 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 value 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 to 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): The expected disposal benefit will be RMB 72,811 thousands. 8.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions: According to the asset transfer 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 department: The manner of deciding on this transaction: approved by board of directors. the reference basis for the decision on price:Real Property Valuation Report and price negotiation. 10.Name of the professional appraisal firm or company and its appraisal price: Ho Chan Real estate appraisal Co.,Ltd. appraisal price:RMB 106,740 thousands. 11.Name of the professional appraiser: Appraiser: Zhang Hai-Feng,Xu Hui Jun 12.Practice certificate number of the professional appraiser: Zhang Hai-Feng(3320150042),Xu Hui Jun(3320050034) 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:NA 21.Concrete purpose or use of the acquisition or disposal: Compulsory acquisition 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: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:NA