JihSun Financial: Announcement on Behalf of Jih Sun Venture Capital for Disposal of Right-of-Use Assets of Jih Sun Securities Co., Ltd. by the Society

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Statement

1.Name and nature of the underlying asset (e.g., land
located at Sublot XX, Lot XX, North District, Taichung City):
7F (partial area) , No. 111, Sec. 2, Nanjing East Rd.,
Zhongshan District, Taipei City
2.Date of the occurrence of the event:2022/06/30
3.Transaction unit amount (e.g.XX square meters, equivalent
to XX ping), unit price, and total transaction price:
 Transaction amount:
Rental area: about 4.9 pings
Price per unit: The rent per ping of the house is about NT$1,700
per month (including taxes)
Total rent: NT$8,330 per month (including tax)
Total reduction amount of right-of-use assets: NT$360,068
4.Trading counterparty and its relationship to 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 of the transaction: Jih Sun Securities Co., Ltd.
Relation with the Company: It is the parent company of
Jih Sun Venture Capital Co., Ltd.
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 value of transfer:
Reasons for selecting a related party as the transaction object:
We have chosen this object based on the integrated business
planning and the overall consideration of the group, moreover,
the traffic location, the size of the ping and other conditions
are in line with the company's integrated planning.
Owner of the previous transfer: Not applicable
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 to the Company at the time of the
transaction:Not applicable
7.Projected gain (or loss) through disposal (not
applicable for acquisition of assets; those with deferral
should provide a table explaining recognition):
Profit of NT$2,562 from the disposal
8.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
 and other important terms and conditions:
The original lease period of the residential lease contract has begun
on May 30, 2020 and will end on February 28, 2026 and an early termination
of lease contract will be on 2022/6/30.
Terms of payment: Monthly payment
Contractual restrictions and other important agreements: 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 department:
Transaction decision method: Based on the content of the original contract
Reference basis for price decision: Based on the content of
the original contract
Decision unit of this transaction: Chairman.
10.Name of the professional appraisal firm or company
and its appraisal price:Not applicable
11.Name of the professional appraiser:Not applicable
12.Practice certificate number of the professional
appraiser:Not applicable
13.The appraisal report has a limited price, specific
price, or special price:Not applicable
14.An appraisal report has not yet been obtained:Not applicable
15.Reason for an appraisal report not being obtained:Not applicable
16.Reason for any significant discrepancy with the appraisal
reports and opinion of the CPA:Not applicable
17.Name of the CPA firm:Not applicable
18.Name of the CPA:Not applicable
19.Practice certificate number of the CPA:Not applicable
20.Broker and broker's fee:Not applicable
21.Concrete purpose or use of the acquisition or disposal:
Early termination of the lease contract
22.Any dissenting opinions of directors to the present
transaction:Not applicable
23.Whether the counterparty of the current transaction
 is a related party:Yes
24.Date of the board of directors' resolution:
Not applicable. Jih Sun Venture Capital Co., Ltd. is a subsidiary of the
financial holding company and the related party transactions have been
regulated by Article 45 of the Financial Holding Company Act.
The approval procedures shall be governed by Article 45 of the
Financial Holding Company Act and the provisions of the
"Operating Rules for Transactions Other Than Credit Extension with
Interested Parties of Jih Sun Venture Capital Co., Ltd."
25.Date of ratification by supervisors or approval
by the audit committee:
Not applicable. Jih Sun Venture Capital Co., Ltd. is a subsidiary of the
financial holding company and the related party transactions have been
regulated by Article 45 of the Financial Holding Company Act.
The approval procedures shall be governed by Article 45 of the
Financial Holding Company Act and the provisions of the "
"Operating Rules for Transactions Other Than Credit Extension with
Interested Parties of Jih Sun Venture Capital Co., Ltd."
26.The transaction is to acquire a real property or
right-of-use asset from a related party:No
27.The price assessed in accordance with the Article
16 of the Regulations Governing the Acquisition and
Disposal of Assets by Public Companies:Not applicable
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:Not applicable
29.Any other matters that need to be specified:None
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