China Steel: Announcement of acquisition of real estate on behalf of the subsidiary CPCC


1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City): 50% stake in the building and the land
 located at no. 973 land parcel, etc., Qiongdong and Yanbei Section, Yanchao
 District, Kaohsiung City.
2.Date of occurrence of the event:2022/03/16
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
 (1)Transaction unit amount
    land: 2,056.73 square meters(about 622.16 pings)
    building: 75.1 square meters(about 22.72 pings)
 (2)Total transaction price: NT$ 91,693,910
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): USEC; group corporate relations
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
 (1)Integrated development of group assets
 (2)Non-related party
 (4)NT$ 91,693,910(50% of the property)
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:
 According to the contract
 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:
 price negotiation; according to board of directors' resolution
10.Name of the professional appraisal firm or company and
its appraisal price:
 (1)V-Land International Appraisers Joint Firm
 (2)NT$ 92,701,968(50% of the property)
11.Name of the professional appraiser: Chun-Han Lin
12.Practice certificate number of the professional appraiser:
 (105)Kaohsiung City Real Estate Appraiser Practicing License No.000107
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: ShineWay & Co. CPAs
18.Name of the CPA: Po-Han Wang
19.Practice certificate number of the CPA:
 Kaohsiung City CPA Association License No.0707
20.Broker and broker's fee: NA
21.Concrete purpose or use of the acquisition or disposal:
 Building residential properties for sale to increase the Company's revenue
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:2022/03/16
25.Date of ratification by supervisors or approval by
the audit committee:2022/03/16
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: NT$ 93,041,639
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

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