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2019-01-14

More details on the Board agreement about New Plant Construction 

1.Type of contract: Build on own land

2. Date of occurrence of the event: 2019/01/14

3. Counterparty to the contract and relationship between them and the Company:

Kuo Yu Construction Engineering Co, LTD

Ever Accord Construction Corporation

Both companies have no relationship with Holy Stone.

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:

Total Contract Amount: NTD846,800,000

Starting and Ending Date of the Contract: From the day of signing until the day the project pass the final acceptance.

Restrictive covenants, and other important stipulations: None

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): N/A

6. Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA: N/A

7. Is the appraisal report price a limited price or specific price? : Neither

8. Has an appraisal report not yet been obtained?: Yes

9. Reason for an appraisal report not been obtained: N/A

10. Concrete purpose/objective of the acquisition: For Production and Operation

11. Do the directors have any objection to the present transaction? : N/A

12. Any other matters that need to be specified: None

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