King Town Construction : The Company's Board of Directors has resolved a decision to acquire land lots in sub-section 12, Xinzhuang section, Zuoying District, Kaohsiung City.

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Provided by: King's Town Construction Co., LTD.
SEQ_NO	1	Date of announcement	2022/01/10	Time of announcement	16:59:23
Subject	The Company's Board of Directors has resolved a decision to acquire land lots in sub-section 12, Xinzhuang section, Zuoying District, Kaohsiung City.
Date of events	2022/01/10	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): (1) Land lots (No. 1167 and No. 1175) in sub-section 12, Xinzhuang section, Zuoying District, Kaohsiung City. (2) Location: The intersection of the Zhisheng Road and the Guangxing Street, Zuoying District, Kaohsiung City. 2.Date of occurrence of the event:2022/01/10 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Area of land: Around 641.905 pings; NT$609,809,000, with a unit price of NT$950,000 per ping. 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): As the counterparty of this transaction is a natural person and is not a related party of the Company, the disclosure of the name may be exempted. 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: It is planned to sign a contract in the near future, while the delivery or payment terms and other relevant matters have not yet been negotiated and determined. 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 decision method of this transaction: By negotiation. The reference for determining the price and the decision-making unit: The Board of Directors. 10.Name of the professional appraisal firm or company and its appraisal price: An appraisal report has not yet been obtained. 11.Name of the professional appraiser: An appraisal report has not yet been obtained. 12.Practice certificate number of the professional appraiser: An appraisal report has not yet been obtained. 13.The appraisal report has a limited price, specific price, or special price: No or not applicable 14.An appraisal report has not yet been obtained:YES 15.Reason for an appraisal report not being obtained: As the Company spent quite a short time making the decision to acquire the land and this transaction should be kept confidential, an appraisal report has not yet been obtained. The Company will obtainan an appraisal report within two weeks as required. 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: 0.5% of the total transaction amount. 21.Concrete purpose or use of the acquisition or disposal: Construction of residential buildings for sale. 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: Not applicable. 25.Date of ratification by supervisors or approval by the audit committee:2022/01/10 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: None.