Annoucement of CTBC Sports Entertainment Co. Ltd., to obtain the right-of-use assets from related parties.

吕鸿德博士

Dr. Lu Hong Te

呂鴻德博士

朱洪波先生

朱洪波先生
1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Baseball Park(including the activity center) and part of the dormitory
located in CTBC Charity Foundation Park. The address is No. 31, Rd. Luoning,
 Yenpu Township, Pingtung Country.
2.Date of occurrence of the event:2023/12/29
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Lease area:
1.Land area: about 8880.3140 ping
2.Building area:
(1)Baseball Park and activity center: about 1,081.4191 ping
(2)Dormitory: about 677.9025 ping
rental price per year: NTD 12,000,000
total transaction price: NTD 36,000,000
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):
The trading counterpart: CTBC Charity Foundation
CTBC Charity Foundation is a related party of the company’s mother company
CTBC Holding. The representative of the CTBC Charity Foundation has
actual control over CTBC Holding.
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 counterpart:
In the recent years there have been more and more professional baseball
 clubs choosing pro-level southern ballparks as training site. Due to the
limited locations equipped with complete facilities and multi-function
 space, the lessor (the owner of the CTBC Foundation Park) has been
cooperative by adding training facilities based on the team’s needs,
approving the installation work for the team’s video and analytics
 department and that makes it legit to sign a lease contract with
CTBC Charity Foundation.
(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:
To pay rent by quarter. Monetary amount: NT3,000,000
Lease term:2024/1/1-2026/12/31
Either party may terminate the Agreement, as agreed,by giving a three-month
 written advance notice to the other party.
Other important terms and conditions: NO
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 reference basis for the decision on price:appraisal report made by a
real estate appraiser.
The decision making department: Board of Directors
10.Name of the professional appraisal firm or company and
its appraisal price: ZONETAI REAL ESTATE APPRAISAL FIRM
Rental price per year: NTD 12,059,250
Real rental price per year: NTD 12,098,625
11.Name of the professional appraiser: CHENG, WEI YUAN
12.Practice certificate number of the professional appraiser:
(105) Tai-Shih-Ku-Zi No. 000234
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: N/A
21.Concrete purpose or use of the acquisition or disposal:
To rent the CTBC Charity Park for the use of Spring, Fall Camp, rehab
 facility for the injured players and training and game site of
the CTBC Brothers.
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:2023/12/29
25.Date of ratification by supervisors or approval by
the audit committee: NA
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: NO