North Star International : Announcement of Land Lease Proceedings on Behalf of Subsidiary Sanlu Energy Storage Co., Ltd.



1.Name and nature of the underlying asset (e.g., land
located at Sublot XX, Lot XX, North District, Taichung City):
Land location number: Niu Chaopu Section, Fengshan District,
Kaohsiung City place number:1329、1332、1333、1333-3、1333-4、
Nature: required for investment in building energy storage equipment
2.Date of the occurrence of the event:2022/08/03~2022/08/03
3.Transaction unit amount (e.g.XX square meters, equivalent
to XX ping), unit price, and total transaction price:
 Transaction amount:
Estimated leasehold land area: about 6,000 ping in total
Estimated lease period: 10 years after signing the contract and
 5 years with the priority to renew
Estimated rent: 2,070,000 yuan (tax excluded)/month
Estimated annual rent of 24,840,000 yuan
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):
The owner of the leased land is a related person:Kaohsiung
Transportation 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:
The reason for selecting the related person as the transaction object:
the related person allows the company to shorten the time at a reasonable
cost Time and cost of consolidating land and applying for parallel permit,
in real environment, time cost As far as the impact is concerned, speeding
up the setup schedule can help generate investment benefits.
Owner of previous 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 to the Company at the time of the
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 value), restrictive covenants in the contract,
 and other important terms and conditions:
Estimated rent: 2,070,000 yuan (tax excluded)/month
Estimated annual rent of 24,840,000 yuan
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:
The price decision refers to the appraisal report, and the decision-making
unit is the board of directors.
10.Name of the professional appraisal firm or company
and its appraisal price:
China Real Estate Appraisers United Firm
Estimated monthly rental amount (tax excluded) NT$345 per ping
Appraisal report Monthly rental appraisal amount (tax not included):
 NT$3,199,337 (9273.44 ping*345) , converted into 6000 ping is
NT$2,070,000 (tax excluded)
11.Name of the professional appraiser:
China Real Estate Appraisers United Firm:XIE DIAN JING
12.Practice certificate number of the professional
appraiser:(99) No. 000149 of the North City Assessment
13.The appraisal report has a limited price, specific
price, or special price:no or N/A
14.An appraisal report has not yet been obtained:no or N/A
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:
Cooperate with the long-term development of energy storage business
22.Any dissenting opinions of directors to the present
23.Whether the counterparty of the current transaction
 is a related party:Yes
24.Date of the board of directors' resolution:2022/08/03
25.Date of ratification by supervisors or approval
by the audit committee:2022/08/03
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

Comments are closed.