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2024-10-28
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Announcement to cancel the amount limit resolved by board of directors on April 29, 2024 for a subsidiary's development scale
Subject： Announcement to cancel the amount limit resolved by board of directors on April 29, 2024 for a subsidiary's development scale
To which item it meets：paragraph 51
Date of events： 2024/10/28
Statement:
1.Date of occurrence of the event:2024/10/28
2.Company name:Sinyi Development Inc.
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios: 100% directly owned
5.Cause of occurrence:In order to meet the needs of practical management, the Company resolved on April 29, 2024, that Sinyi Development Inc. to invest in real estate development or bidding at the amount of no more than NT$4.2 billion, which was canceled. The Company's subsidiary proposed a new plan at the board meeting again. And the proposal was agreed by the board of directors.
6.Countermeasures:to announce the material information
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.
To which item it meets：paragraph 51
Date of events： 2024/10/28
Statement:
1.Date of occurrence of the event:2024/10/28
2.Company name:Sinyi Development Inc.
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios: 100% directly owned
5.Cause of occurrence:In order to meet the needs of practical management, the Company resolved on April 29, 2024, that Sinyi Development Inc. to invest in real estate development or bidding at the amount of no more than NT$4.2 billion, which was canceled. The Company's subsidiary proposed a new plan at the board meeting again. And the proposal was agreed by the board of directors.
6.Countermeasures:to announce the material information
7.Any other matters that need to be specified (the information disclosure also meets the requirements of Article 7, subparagraph 9 of the Securities and Exchange Act Enforcement Rules, which brings forth a significant impact on shareholders rights or the price of the securities on public companies.): none.