Material Information

2024-11-13

Announcement of the Board of Directors' Resolution to sign a joint construction contract with the YFY Development Corp. for Lingya District, Kaohsiung City

1.Type of contract:Joint construction and allocation of housing units
2.Date of occurrence of the event:2024/11/13
3.Counterparty to the contract and relationship with the Company:
YFY Development Corporation, 100% owned by YFY Inc.
4.Major content of the contract (including total contract amount,
anticipated monetary amount of participation in the investment, and start
and end dates of the contract), restrictive covenants, and other important
terms and conditions:
YFY Inc. plans to sign a joint construction contract with YFY Development
Corporation for four parcels of land in the Chenggong section of Lingya
District, Kaohsiung City, identified by tax map numbers 745-1, 760, 760-1,
and 762. The total land area for this project is approximately 2,311 square
meters (around 699.08 ping). Anticipated Joint Construction Allocation Ratio:
YFY Inc. (Landowner) 26%, YFY Development Corp. (Construction Party) 74%.
5.Name of the professional appraisal firm or company and its
appraisal opinion:
Tian Yi Appraisals: Landowner: 26.21%, Construction Party: 73.79%
Colliers International Valuation (Taiwan) and Co.:
Landowner: 25.8%, Construction Party: 74.2%
6.Name of the real property appraiser:
Tian Yi Appraisals: Chuang Wei Chuan
Colliers International Valuation (Taiwan) and Co.：Ku Chien Hui
7.Practice certificate number of the real property appraiser:
Tian Yi Appraisals :
Real Estate Appraiser Certificate:(96) Xin Bei Gu Zi No. 000024 (Renewed)
Colliers International Valuation (Taiwan) and Co. ：
The Real Estate Appraiser Practicing License No.：(96)TCG_NO 000105
8.Concrete purpose of the acquisition:
YFY Inc. aims to enhance asset utilization by developing, constructing, and
selling a real estate project on company-owned land to realize development
profits.
9.Any dissenting opinions of directors to the present transaction:None
10.Whether the counterparty of the current transaction is a related party:Yes
11.Date of the board of directors resolution:2024/11/13
12.Date of ratification by supervisors or approval by
the audit committee:2024/11/11
13.The appraisal report has a limited price, specific price,
or special price:None
14.An appraisal report has not yet been obtained:None
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.Any other matters that need to be specified:
After the approval of the board, the chairperson is authorized to sign the
joint construction contract and decide on related matters.