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>News>Subsidiary Announcement>YDT Technology International Co., Ltd., FENC’s subsidiary, plans to acquire the right-of-use assets from a related party
YDT Technology International Co., Ltd., FENC’s subsidiary, plans to acquire the right-of-use assets from a related party
From:
SEQ_NO  1 Date of announcement  2024/02/26 Time of announcement  17:31:00
Subject
 YDT Technology International Co., Ltd., FENC’s
subsidiary, plans to acquire the right-of-use assets
from a related party
Date of events   2024/02/26 To which item it meets paragraph 20
Statement
1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):
  Right-of-use assets: No. 16-1, Xinzhan Rd., Banqiao Dist., New Taipei City 
2.Date of occurrence of the event:2024/02/26 
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price:
  Transaction unit: Rental area of buildings of 125.56 pings
  Unit price: 2024/03/1~2028/12/31, annual rent of NT$ 2.280 million 
  Right-of-use assets: NT$ 9.972 million 
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):
  (1)Trading counterpart: Yuan-Ding Co. Ltd 
  (2)Relationship with the company: Far Eastern New Century Corporation as an ultimate parent company 
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:
  For the overall business planning of the FE Group; YDT rented the same building for both 
  the original office and operational site across different floors. NIL / N/A / N/A / N/A 
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:N/A 
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with
  deferral should provide a table explaining recognition):N/A 
8.Terms of delivery or payment (including payment period and monetary amount), restrictive 
  covenants in the contract, and other important terms and conditions: 
  In accordance with the contract / NIL 
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:
  Price negotiation / Market price / Board of Directors 
10.Name of the professional appraisal firm or company and its appraisal price:N/A 
11.Name of the professional appraiser:N/A 
12.Practice certificate number of the professional appraiser:N/A 
13.The appraisal report has a limited price, specific price, or special price:N/A 
14.An appraisal report has not yet been obtained:N/A 
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.Broker and broker's fee:NIL 
21.Concrete purpose or use of the acquisition or disposal: As an office and operational site 
22.Any dissenting opinions of directors to the present transaction:NIL 
23.Whether the counterparty of the current transaction is a related party:Yes 
24.Date of the board of directors resolution:2024/02/26 
25.Date of ratification by supervisors or approval by the audit committee:2024/02/26 
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:N/A 
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:N/A 
29.Any other matters that need to be specified:NIL

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