Taiwan Cooperative Financial : Announcement of TCFHC acquisition of the right-of-use asset from related party- Taiwan Cooperative Bank

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Provided by: Taiwan Cooperative Financial Holding Co.,Ltd.
SEQ_NO	6	Date of announcement	2022/07/25	Time of announcement	18:09:35
Subject	Announcement of TCFHC acquisition of the right-of-use asset from related party- Taiwan Cooperative Bank
Date of events	2022/07/25	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): Part of the office space on the 17F. & 19F., No.225, Sec. 2, Chang'an E. Rd., Songshan Dist., Taipei City. 2.Date of occurrence of the event:2022/07/25 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Transaction area:1,002 ping Unit price: monthly payment NT$2,400/ping for the first year. Total transaction price: total amount for five years lease period is about NT$145,126,298(tax included), including the first year and revised every year based on CPI-Residential Rent from second year.(An estimated 2% increased annually) 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): Trading counterparty：Taiwan Cooperative Bank Relationship with the Company：Related party 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: The reason for choosing the related party: to renew the lease contract Other information about the previous 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 with 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):NA 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Terms of payment: monthly payment, NT$2,404,800 per month for the first year and revised annually based on CPI-Residential Rent from second year. Lease period: 2022/08/14~2027/08/13 Restrictive covenants in the contract and other important terms and conditions: None 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: according to the internal management measures. The reference basis for the decision on price: the rental market price in nearby areas. The decision-making unit: the managing department is authorized by the board of directors. 10.Name of the professional appraisal firm or company and its appraisal price:NA 11.Name of the professional appraiser:NA 12.Practice certificate number of the professional appraiser:NA 13.The appraisal report has a limited price, specific price, or special price:NA 14.An appraisal report has not yet been obtained:NA 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: For business operation. 22.Any dissenting opinions of directors to the present transaction:None 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2022/07/25 25.Date of ratification by supervisors or approval by the audit committee:2022/07/13 26.The transaction is to acquire a real property or right-of-use asset from a related party:Yes 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:None