Union Bank of Taiwan : Announcement to obtain real property right-of-use assets from HORNG GOW CONSTRUCTION CO., LTD.

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Provided by: UNION BANK OF TAIWAN
SEQ_NO	2	Date of announcement	2022/01/13	Time of announcement	18:19:10
Subject	Announcement to obtain real property right-of-use assets from HORNG GOW CONSTRUCTION CO., LTD.
Date of events	2020/07/08	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 area of the first and third floors of the basement, No. 109, Section 3, Minsheng East Road, Taipei,area AB, 2nd, 3rd, 5th and 11th floor C. 2.Date of occurrence of the event:2020/07/08 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: 116.6 pings on the 1st and 3rd floor underground, 460.47 pings on the 1st floor AB area, 496.53 pings on the 2nd floor, 551.28 pings on the 3rd floor, 542.18 pings on the 5th floor and 164.14 pings in the C area on the 11th floor. Monthly rental price per ping: NT$1050 on the 1st and 3rd floors underneath, NT$6825 on the AB area on the 1st floor, NT$3150 on the 2nd floor, NT$2400 on the 3rd floor and above. The total transaction amount is NT$459,383,934 . 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): Counterparty: HORNG GOW CONSTRUCTION CO., LTD. Its relationship with the company: a 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: Reasons for selecting the related party as transaction objects: renewed lease for use as office space. The relationship between the owner of the previous transfer/the owner of the previous transfer and the company and the counterparty of the transaction/the date of the previous transfer. And transfer amount:N/A 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: N/A 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition): N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Delivery or payment terms: quarterly payment, quarterly rent NT$23,542,344 . Lease period:2020/09/01~2025/08/31(Basement 1, 3 floors, 1st floor AB area, 2nd floor, 3rd floor, 5th floor ACD area)�B 2020/11/01~2025/08/31(5th floor B area)�B 2020/04/15~2025/08/31(11th floor C area) 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: Transaction decision method: price negotiation. Reference basis for the decision on price office building rental market in neighboring areas. Decision-making unit: Board of Directors. 10.Name of the professional appraisal firm or company and its appraisal price: Name of the professional appraisal firm�G Lee&Lin Real Estate Appraisers Firm. Appraisal price�GNT$461,101,880 11.Name of the professional appraiser:LI ZHONG XIAN 12.Practice certificate number of the professional appraiser: No.000014 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: N/A 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA: N/A 17.Name of the CPA firm: N/A 18.Name of the CPA: N/A 19.Practice certificate number of the CPA: N/A 20.Broker and broker's fee: N/A 21.Concrete purpose or use of the acquisition or disposal: Used as an office space. 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:2020/07/08 25.Date of ratification by supervisors or approval by the audit committee: 2020/07/08 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: N/A 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: N/A 29.Any other matters that need to be specified:None.