• Thu. Dec 1st, 2022

AcBel Polytech: Supplement for announcement dated 09/27/2021 on behalf of AcSacca Solar Energy Co., Ltd. regarding the information of the right-of-use asset valuation report.


1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Right-of-use assets to construct four retarding basin solar farms including
Gongguan, Chiayi;Dian-Bao Chi, Kaohsiung; Xiqian, Chiayi and Wanxing,
2.Date of occurrence of the event:2021/09/27
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
  1. Total surface area: About 130.432219 hectares
  2. Unit price: The development royalty is NTD150,000 per hectare per annum
     (before tax)
  3. Rental: On average NTD19,565 thousand per annum
  4. Rental period: 20 Years
  5. Right-of-use assets amount: NTD343,017,935
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
Counterparty:Taiwan Sugar Corporation
Relation with the Company: Non-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
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 delivery or payment:By contract terms
Covenant Restrictions:  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:
Bidding document by Taiwan Sugar Corporation, and approved by the Board of
Directors of AcSacca Solar Energy Co., Ltd.
10.Name of the professional appraisal firm or company and
its appraisal price:
Cheng Zheng Cross-Strait Real Estate Appraisers Firm
Appraisal price: NTD369,551,729
11.Name of the professional appraiser:
Lin, Jin-Sheng
12.Practice certificate number of the professional appraiser:
(94) TCG_NO 000060
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:
 To construct solar farms.
22.Any dissenting opinions of directors to the present transaction:No
23.Whether the counterparty of the current transaction is a
related party:No
24.Date of the board of directors resolution: 2021/09/27
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
29.Any other matters that need to be specified:
Supplement for right-of-use assets appraisal report information.