Announcement on behalf of CTBC SEC of the acquisition of the right-to-use assets in Yongkang District, Tainan from CTBC Bank

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):1F & 2F., No.425, Zhonghua Rd.,
Yongkang Dist., Tainan City (Yongkang Zhonghua Trade Center)
2.Date of occurrence of the event:2023/12/14
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:Lease area:135.13 ping
Unit price:NTD536 ping;Rental price per month:NTD72,430;
Total rental amount:NTD1,738,320;Right-to-use asset value:NTD1,691,844
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):
Transaction target: CTBC Bank Co., Ltd.
Relationship:Both are subsidiaries to CTBC Financial Holding Co., Ltd
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:CTBC SEC has been renting the office space from CTBC Bank since
1st of Jan, 2004.This is an renewal of the leasing contract.
Owner for the last transfer:NA
Last transfer date:NA. Last transfer value:NA
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:NA
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):NA
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
Payment Terms: Seasonal payment of NTD217,290
Contract period:2024/01/01~2025/12/31
Restrictive covenants in the contract, and other important stipulations:None
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:
Decision on the leasing subject based on the benchmark price level
in the surrounding area.Leasing price is set accordingly to the real-estate
valuation report. made by Yang Jie Real Estae Appraisers JointFirm.
The decision-making unit:Based on Article 45 of the Financial Holding Company
Act,related circulars and transactions except for credit cases are generally
authorized to the general administration department for the approval of
general manager
10.Name of the professional appraisal firm or company and
its appraisal price:Yang Jie Real Estae Appraisers JointFirm.
Appraisal amount:Rental price of office: 1F NTD1,305 per ping per month
2F NTD580 per ping per month
11.Name of the professional appraiser:YEH,YU-MING
12.Practice certificate number of the professional appraiser:
(109)TPE NO.000291
13.The appraisal report has a limited price, specific price,
or special price:NA
14.An appraisal report has not yet been obtained:NA
15.Reason for an appraisal report not being obtained:NA
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:NA
17.Name of the CPA firm:NA
18.Name of the CPA:NA
19.Practice certificate number of the CPA:NA
20.Broker and broker's fee:NA
21.Concrete purpose or use of the acquisition or disposal:
Renew the leasing contract in order to achieve group synergy of staying
in nearby offices.
22.Any dissenting opinions of directors to the present transaction:NA
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:NA.Based on Article 45 of
the Financial Holding Company Act,related circulars and transactions except
for credit cases are generally authorized to the general administration
department for the approval of general manager
25.Date of ratification by supervisors or approval by
the audit committee:NA
26.The transaction is to acquire a real property or right-of-use
asset from a related party:Yes
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:NA
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:NA
29.Any other matters that need to be specified:None