WPG: On behalf of WPG subsidiary, WPG Electronics Limited announces that the Board of Directors has decided to acquire the right-of-use asset from a related party

Statement

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
No. 238, Sec. 2, Zhongyi Rd., Guishan Dist., Taoyuan City
2.Date of occurrence of the event:2022/06/20
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction unit amount:13,480.65 square meters, equivalent to 4,078 ping
Unit price(tax excluded):monthly rental is about NT$490.4 dollars per ping
Total transaction price(tax excluded):monthly rental is NT$2,000 thousand,
right-of-use asset amount is NT$223,965,329
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):
Trading counterparty:WPG Holdings Limited
Relationship with the Company: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:
The reason for choosing the related party as trading counterparty:
Renew the lease at the original location
The identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer: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:
Terms of delivery or payment:Lease period is from 2022/3/6 to 2032/3/5,
rental payment by month.
Restrictive covenants in the contract, and other important terms and
conditions: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:
The manner of deciding on this transaction:Board of Directors of WPG
Electronics Limited refers to market conditions
The reference basis for the decision on price:Real estate professional
appraisal reports
The decision-making unit:Board of Directors of WPG Electronics Limited
10.Name of the professional appraisal firm or company and
its appraisal price:
Excellence International Real Estate Appraisers Firm:NT$212,964 thousand
Zhan-Mao Real Estate Appraisers Firm:NT$210,373 thousand
11.Name of the professional appraiser:
Excellence International Real Estate Appraisers Firm:LIN, CHIN-SHENG
Zhan-Mao Real Estate Appraisers Firm:HSU, CHUN-BAO
12.Practice certificate number of the professional appraiser:
LIN, CHIN-SHENG:(103)New Taipei City_NO.000095
HSU, CHUN-BAO:(107)TCG_NO.000256
13.The appraisal report has a limited price, specific price,
or special price:No
14.An appraisal report has not yet been obtained:No
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:N/A
21.Concrete purpose or use of the acquisition or disposal:
Continue the lease as operational development need
22.Any dissenting opinions of directors to the present transaction:None
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:2022/06/20
25.Date of ratification by supervisors or approval by
the audit committee:2022/06/20
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:None

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