Date of announcement  2020/03/26
Time of announcement  18:18:08
 
Date of events   2020/03/26 
To which item it meets paragraph 20
Statement 
1.Name and nature of the subject matter (e.g.land located at
  Sublot XX, Lot XX, North District, Taichung City):
No. 156, Mingcheng 4th Rd., Gushan Dist., Kaohsiung
City 804, Taiwan
2.Date of the occurrence of the event:2020/03/26
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
  unit price, total transaction price:
Volume: 984.5 square meters, equivalent to 297.81 p’ing
office area, and 6 parking spaces.
Unit price (rental): About NT$2,560 per p’ing/month
for 1F office area, NT$1,350 per p’ing/month for 2F office
area, NT$3,200 per floor parking space/month, and NT$1,953
2per mechanical parking space/month.
Total transaction price (rental):NT$ 517,170/monthly
(including parking spaces) during 2020/05/01/~2023/04/30
and NT$ 527,513/monthly(including parking spaces) during
2023/05/01~2025/04/30..
The right-of-use assets value adjustment: NT$30,689,091
4.Counterparty to the trade and its relationship with the company (if
  the trading counterpart is a natural person and is not an actual
  related
  party of the Company, the name of the trading counterpart is not
  required to be disclosed):The trading counterpart is
China Life Insurance Co., Ltd. , a related party of
the Company.
5.Where the counterparty to the trade is an actual related party, a
  public announcement shall also include the reason for choosing the
  related party as trading counterpart and the identity of the
  previous owner (including its relationship with the company and
  the trading counterpart), price of transfer and the date of
  acquisition: Suitable for the company's business
needs and renew existing company office lease contract.
Owners and companies of previous transfers:
Bais Culture & Education Enterprise Co., Ltd.
The relationship of transactions to people: NA
Date of previous transfer: 2014/11/03
Transfer amount: Total NT$205,594,221 including parking spaces.
6.Where a person who owned the property within the past five years has
  been an actual related person of the company, a public announcement
  shall also include the dates and prices of acquisition and disposal
  by the related person and the person’s relationship to the company
  at those times:NA
7.Anticipated loss or profit from the disposal (not applicable in cases
  of acquisition of assets) (where originally deferred, the status or
  recognition shall be stated and explained):NA
8.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract,
 and other important stipulations:
NT$517,170 is paid monthly during 2020/05/01~2023/04/30
and NT$527,513 is paid monthly during 2023/05/01/~2025/04/30;
no restrictive covenants in the contract, and other
important stipulations.
9.The manner of deciding on this transaction (such as tender invitation
 , price comparison, or price negotiation), the reference basis for the
  decision on price and the decision-making department:
The transaction price is decided based on the
professional real estate appraisal report and authorized
by Board of Directors.
10.Name of the professional appraisal institution and its appraisal
   amount:
Institution name: Gold Appraisers Firm.
Rental Amount:NT$2,660 per p’ing/month for
1F office area; NT$1,400 per p’ing/month for
2F office area; NT$3,200 per floor parking
space/month; NT$2,000 per mechanical parking
space/month. Total is NT$536,220/monthly.
11.Name of the appraiser:HSU,CHUN-BAO
12.Practice certificate number of the appraiser:
(107)TCG NO.000256
13.Is the appraisal report price a limited price or specific price?:NA
14.Has an appraisal report not yet been obtained?:NA
15.Reason for an appraisal report not been obtained:NA
16.Reason for any significant discrepancy with the transaction amount,
   and opinion of the certifying CPA:NA
17.Name of the CPA firm:NA
18.Name of the certifying CPA:NA
19.The practice certificate number of the CPA:NA
20.Broker and broker's fee:NA
21.Concrete purpose or use of the acquisition or disposal:
Suitable for the company's business needs
and renew existing company office lease contract .
22.Do the directors have any objection to the present transaction?:NO
23.Is it a related party transaction?:Yes
24.Date of the board of directors’resolution:2020/03/26
25.Date of the recognition of the supervisors
or the board of independent directors’resolution:NA
26.Is the transaction to acquire a real estate
or right-of-use asset from the related party?:Yes
27.The appraisal price conducted in accordance with
the Article 16 of the ”Regulations Governing the Acquisition
and Disposal of Assets by Public Companies”:NA
28.Where the above appraisal price is lower than
the transaction price, the appraisal price conducted
in accordance with the Article 17 of the
”Regulations Governing the Acquisition and Disposal
of Assets by Public Companies”:NA
29.Any other matters that need to be specified:NA