• Tue. Jun 21st, 2022

SinoPac Financial: Announced by SinoPac Holdings on behalf of SinoPac Securities Investment Trust Co., Ltd., Bank SinoPac Real Estate Lease

ByWillie M. Evans

May 25, 2022

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 gronud floor of No. 72, Section 2, Gongyi Road, Nantun District,
Taichung City 408, Taiwan (R.O.C.)
2.Date of occurrence of the event:2022/05/25
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction volume︰43p'ing, and 1 parking space
Lease period:2023/01/01-2029/12/31
Unit price:NT$30,375, monthly rent for the first year starting from
The second year, the monthly rent will be increased by 2%
based on the previous year
The average monthly rent during the lease period:NT$32,260
Amount of right-of-use asset:NT$2,663,578
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):
Bank SinoPac is a related party of the company
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:
Reason for selecting the person to be traded:Renewal
Everyone who moved the previous time:None
Previous transfer date:None
Last transfer amount:None
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:NT$30,375 paid monthly, monthly rent for
the first year starting from the second year, the monthly rent will be
increased by 2% based on the previous year
Restrictive covenants in the contract,and other important terms
and conditions:the lease period starts from 2023/01/01 to 2029/12/31
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:
Decision unit:Board of directors
Decision basis:The decision on the evaluation report specified by the
real estate appraisal company
10.Name of the professional appraisal firm or company and
its appraisal price:
Zhan-Mao Real Estate Appraisers Firm
Unit price:NT$31,154 per month
11.Name of the professional appraiser:HSU,CHUN-BAO
12.Practice certificate number of the professional appraiser:(2018)No.000256
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:Business Office Use
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:2022/05/25
25.Date of ratification by supervisors or approval by
the audit committee:2022/05/25
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