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CHB participates in“2 lands including No.764, Subsection 1, Changchun Section, Zhongshan District,Taipei City Urban Renewal Project.”

  1. 1.Type of contract: Engagement Agreement of Urban Renewal Implementer. (CHANG HWA COMMERCIAL BANK, LTD. engages China Real Estate Management Co., Ltd. as urban renewal implementer.)
  2. 2.Date of occurrence of the event:2019/01/18
  3. 3.Counterparty to the contract and relationship between it and the Company: China Real Estate Management Co., Ltd. No
  4. 4.Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and starting and ending dates of the contract), restrictive covenants, and other important stipulations: Anticipated Amount of investment is $5.6 billion.
  5. 5.Name of the professional appraisal institution and its appraisal opinion (not applicable to mandating others to build on the Company’s own land; also, the appraisal opinion should include an appraisal of the reasonableness of the contractual method of cooperation):
  6.  1、G-beam Real Estate Appraisers Firm
  7.  2、Honda Real Estate Group
  8.  3、Cushman & Wakefield. 
  9. Appraisal’s opinions have not been confirmed.
  10. 6.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:N/A
  11. 7.Is the appraisal report price a limited price or specific price?:No
  12. 8.Has an appraisal report not yet been obtained?:No
  13. 9.Reason for an appraisal report not been obtained: The Appraisal Reports have not been confirmed by Appraisals.
  14. 10.Concrete purpose/objective of the acquisition: The participation of this urban renewal project not only benefit the improvement of old building but also allow CHANG HWA COMMERCIAL BANK, LTD. to obtain profit of long-term and stable rent income.
  15. 11.Do the directors have any objection to the present transaction?: NO
  16. 12.Any other matters that need to be specified: NO