Ambassador Hotel : Announced that the company will dispose of real estate by way of sale and leaseback.

 Announced that the company will
dispose of real estate by way of sale and leaseback.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
The 5 buildings No. of land in No. 566、567-1、654-3、657、658 and
2050~2052、2054~2055 located at Zhong-yang Section, East District, Hsinchu
City.
2.Date of occurrence of the event:2022/03/17
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Land:4,960square meters (equivalent to 1,500.41 ping)
Building: 83,301.15 square meters (equivalent to 24,876.48 ping)
(1)Total transaction price: NT$4.2billion (tax inclusive)
(2)The lease term is 20 years, Right of use assets：About NT$2.5 billion
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):TransGlobe Life Insurance Inc., 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
transfer: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):
Projected gain through disposal is approximately NT$137 million,
will be recorded in accordance with accounting principles.
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
(1)Terms of delivery or payment：Payment schedule in accordance with contract
   agreement
(2)Restrictive covenants in the contract and other important terms and
   conditions: 20 years after sale and leaseback according to other
   commitments in the real estate sales contract.
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:
(1)The manner of deciding on this transaction: by negotiation.
(2)The reference basis for the decision on price: Refer to the market and
   appraisal reports issued by professional appraisal agencies.
(3)The decision-making department: Board of directors.
10.Name of the professional appraisal firm or company and
its appraisal price:
(1)Sell
   (A)Savills Valuation and Professional Services：NT$4.077 billion
   (B)Honda Real Estate Group：NT$4.017 billion
(2)Right of use assets
   (A)Savills Valuation and Professional Services：NT$2.48 billion
   (B)Honda Real Estate Group：NT$2.21 billion
11.Name of the professional appraiser:
   (A)Savills Valuation and Professional Services：CHANG, HUNG-KAI
   (B)Honda Real Estate Group：CHEN,PIN-YU
12.Practice certificate number of the professional appraiser:
   (A)Savills Valuation and Professional Services：No. 000294
   (B)Honda Real Estate Group：No. 000236
13.The appraisal report has a limited price, specific price,
or special price:N/A
14.An appraisal report has not yet been obtained:N/A
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:
In order to activate the assets and enhance the use value of the assets
22.Any dissenting opinions of directors to the present transaction:N/A
23.Whether the counterparty of the current transaction is a
related party:No
24.Date of the board of directors resolution:2022/03/08
25.Date of ratification by supervisors or approval by
the audit committee:2022/03/08
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: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