The Board Resolved to Disposal of Land and Plant in Shanghai, HTC Electronic (Shanghai) Co., Ltd., a Major Subsidiary of the Company

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1.Name and nature of the subject matter (e.g.land located at

Sublot XX, Lot XX, North District, Taichung City):

Land and Plant in Shanghai

2.Date of the occurrence of the event:2017/03/15

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),

unit price, total transaction price:

Land Acreage:70,920.4 square meters

Building Area:114,831.34 square meters

Total transaction price:RMB 630 million (RMB 30 million of value-added

tax included).

4.Counterparty to the trade and its relationship with the company (if

the trading counterpart is a natural person and is not an actual

party of the Company, the name of the trading counterpart is not

required to be disclosed):

Shanghai Xingbao Information Technology Co., Ltd.

Relationship with the company: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):

The net gain of this disposal is estimated approximately RMB 147.76 million.

8.Terms of delivery or payment (including payment period and monetary

amount), restrictive covenants in the contract,

and other important stipulations:According to the contract.

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 determined through negotiation and was approved

by the Board of Directors based on the appraisal reports by Shanghai

Sanlian Assets Appraisal Co., Ltd. and Shanghai Qianyi Assets

Appraisal Co., Ltd.

10.Name of the professional appraisal institution and its appraisal

amount:

Shanghai Sanlian Assets Appraisal Co., Ltd. and Shanghai Qianyi Assets

Appraisal Co., Ltd.have valued the property at RMB 530,373,318.66 and

RMB 559,685,800 respectively.

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 for an appraisal report not been obtained:N/A

15.Broker and broker's fee:N/A

16.Concrete purpose or use of the acquisition or disposal:

To fulfill Company's operational adjustment needs and assets activation.

17.Do the directors have any objection to the present transaction?:None

18.Any other matters that need to be specified:

It will be regarded as force majeure if the government does not approve

this contract.

HTC Investors