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Board of Directors' resolution to purchase Hualon Factory No.1 real estate
1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City):Lot No. 1881, Dashulin Section, Taoyuan City, Taoyuan County
2.Date of the occurrence of the event:2008/12/31
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:
Area of Land : 16,515.00 M2 (4,995.79 Pings)
Transaction price: each ping costs approximately NTD 71,200.
Total transaction price：The maximum reserve price shall be set at NTD 355,620,000
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):Participated in the TFASC third auction(property owners：Hualon Corporation); Relationship:None
5.Where the counterpart 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:N/A
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:N/A
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):N/A
8.Terms of delivery or payment (including payment period and monetary amount):Execute in accordance with the relevant provisions of TFASC auction.
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 was reached by consulting the Euro-Asia Real Estate Appraisers Firm’s appraisal report. The transaction was reported to the board of directors for resolution and it is authorized to bid at the reserve price in the third TFASC auction.
10.Name of the professional appraisal institution and its appraisal amount:Euro-Asia Real Estate Appraisers Firm appraised the property at NTD 384,675,830
11.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:N/A
12.Is the appraisal report price a limited price or specific price?: N/A
13.Has an appraisal report not yet been obtained?: N/A
14.Reason an appraisal report has not yet been obtained: N/A
15.Broker and broker's fee: N/A
16.Concrete purpose or use of the acquisition or disposition:Since the real estate property is immediately adjacent to the Company’s Taoyuan headquarters, the real estate can be used for the overall planning and formation of an HTC Technology Park. The land can also be used to expand Company’s production capacity after the global economic recovery or for other needs; it is therefore proposed that the real estate be acquired.
17.Do the directors have any objection to the present transaction?:N/A
18.Any other matters that need to be specified:Company tendered the bid this morning and won the bid at the reserve price of NTD 355,620,000