Far Eastern International Bank : acquisition of the right-to-use assets.

 Far Eastern International Bank's acquisition
of the right-to-use assets.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):1F., No. 68, Yuandong Rd.,
Banqiao Dist., New Taipei City 220055 , Taiwan
2.Date of occurrence of the event:2022/03/03
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction volume : equivalent to 28.78 pings.
Unit price: NT$1,430/ping/month
Total transaction price: NT$2,469,300 (5 years)
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):
Counterparty to the trade: NEW CENTURY INFOCOMM TECH CO., LTD.
Relationship with the company: Related party.
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:
The IT group identifies the location as its op. office in order to have
staffs working close by to the Bank's main servers for easy maintenance
purpose.
Previous owner: FAR EASTERN RESOURCE DEVELOPMENT CO., LTD.
Relationship with the Company: related party
Relationship with trading counterparty: related party
Previous date of acquisition: 2018/06/25
Previous monetary amount of transfer: NT$1,749,577,301
(Ratio of the Bank's leased area to total area around 0.275%)
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:
Date of acquisition by the related party
(NEW CENTURY INFOCOMM TECH CO., LTD):2018/06/25
Price of acquisition by the related party
(NEW CENTURY INFOCOMM TECH CO., LTD):NT$1,749,577,301
(Ratio of the Bank's leased area to total area around 0.275%)
Relationship with the Company at the time of the transaction: related party
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:
Terms of payment: Monthly; NT$41,155/month
Other important terms: Lease tenor of 5 years
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: Mutual negotiation based on
market price.
The reference basis for the decision of price: The comparable rental of
similar buildings in the neighborhood.
The decision-making department: Board meeting.
10.Name of the professional appraisal firm or company and
its appraisal price:Cushman & Wakefield
Appraisal amount: NT$1,460/ping/month
11.Name of the professional appraiser:CAI,JIA-HE
12.Practice certificate number of the professional appraiser:
(94)Taipei City Code Ku, Number 000080
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: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:
To be the op. office of the Bank's Information Technology Group.
22.Any dissenting opinions of directors to the present transaction:NO
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:2022/03/03
25.Date of ratification by supervisors or approval by
the audit committee:2022/03/02
26.The transaction is to acquire a real property or right-of-use
asset from a related party:It is to acquire the right-of-use asset from
the related party
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:NT$4,820,085
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:NA