Quanta Storage : Announcement of signing supplementary construction contract for TMT F1 Production Plant in Thailand on behalf of subsidiary, Techman Electronics (Thailand) Co., Ltd.

 Announcement of signing supplementary construction
contract for TMT F1 Production Plant in Thailand on behalf
of subsidiary, Techman Electronics (Thailand) Co., Ltd.

1.Type of contract:New factory construction project
2.Date of occurrence of the event:2022/06/24
3.Counterparty to the contract and relationship with
the Company:
Counterparty:
(1)Cheer You Construction (Thailand) Co., Ltd.
(2)China State Construction Engineering (Thailand) Co., Ltd.
Relationship to the Company: not a related party
4.Major content of the contract (including total contract
amount, anticipated monetary amount of participation in the
investment, and start and end dates of the contract),
restrictive covenants, and other important terms and
conditions:
Major content of the contract:
Construction project for"TMT F1 Production Plant"in Thailand,
including construction and building materials.
(1)Construction contract
The supplementary  contract value:THB$110,852,000(Approx.NT$94,179,859)
Total amount of contract value (after supplement):THB$474,652,000
(Approx.NT$403,264,339)
(2)Mechanical contract
The supplement contract value: THB$307,000,000(Approx.NT$260,827,200)
Other Important Stipulations:
(1)The project is contracted out based on total negotiated contract amount.
Thus, neither party is allowed to increase or decrease the total contract
amount  due to changes in wages and material costs.
(2)Penalty on project delay and construction warranty.
5.Name of the professional appraisal firm or company and
its appraisal opinion:NA
6.Name of the real property appraiser:NA
7.Practice certificate number of the real property appraiser:NA
8.Concrete purpose of the acquisition:Capacity expansion needs
9.Any dissenting opinions of directors to the present
transaction:None
10.Whether the counterparty of the current transaction is
a related party:No
11.Date of the board of directors' resolution:2022/06/24
12.Date of ratification by supervisors or approval by the
 audit committee:NA
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
20.29.Any other matters that need to be specified:
The exchange rate from Thai Baht to New Taiwan Dollar is 1: 0.8496.