Announced by CFH on behalf of CL, acquisition of real property

2007-03-09

1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City):Land:No. 17-3、23-2、 25-2、26、30-1、30-5 on 6 Sub-Sections,Tonghua Section ,Da-an District , Taipei City Buildings:the whole area of B5 & B6 of No. 93 & 95, Sec. 2, Dunhua S. Rd.,Taipei City, the possession area of B1 & B2 of No. 95, 1st floor of No. 93& 95, and 2nd floor of No. 95, Sec. 2, Dunhua S. Rd., Taipei City, the whole area of 3rd to 5th floor of No. 95, Sec. 2, Dunhua S. Rd., Taipei City, and the whole area of 24th to 30th floor of No. 95, Sec. 2, Dunhua S.Rd., Taipei City 2.Date of the occurrence of the event:2007/03/09 3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:Total area of land used:Total registered area: 3,035 square meters( 918.09 p'ing)；Entitlement : 38.64% Total area of building used:22,287.64 square meters (6,742.01 p'ing)Total transaction price:NT$3.865billion Unit price :NT$573.3 thousand/ p'ing 4.Counterparty to the trade and its relationship with the company (if the trading counterpart is a natural person and is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):Sunrise Real Estate Company III Ltd.; a unrelated person of the company 5.Where the counterpart to the trade is an actual related party, a public announcement shall also include the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer and the date of acquisition:N/A 6.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person’s relationship to the company at those times:N/A 7.Anticipated loss or profit from the disposal (not applicable in cases of acquisition of assets) (where originally deferred, the status or recognition shall be stated and explained):N/A 8.Terms of delivery or payment (including payment period and monetary amount):(1)Sign contract: NT$0.3865 billion (10% of total amount) (2) Seal and to pay tax : NT$0.436 billion (11.3% of total price) (3) Registration of ownership transfering: NT$2.656 billion(68.7% of total price)(4) Hand over the real property:NT$0.3865 billion (10% of total price) 9.The manner of deciding on this transaction (such as tender invitation , price comparison, or price negotiation), the reference basis for the decision on price and the decision-making department:(a)Refer to the market price and the appraisal of real estate appraisal company(b) Professional domain appraisal report(c)Board of Directors 10.Name of the professional appraisal institution and its appraisal amount: (a) Debenham Tie Leung Real Estate Appraisal Agent Consultants Group Appraisal amount: NT$3.884 billion (b)Top Real Estate Appraisal Agent Consultants Group Appraisal amount: NT$3.87 billion 11.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:N/A 12.Is the appraisal report price a limited price or specific price?:None 13.Has an appraisal report not yet been obtained?:None 14.Reason an appraisal report has not yet been obtained:N/A 15.Broker and broker's fee:N/A 16.Concrete purpose or use of the acquisition or disposition:According Insurance Law ,it is for real estate investment. 17.Do the directors have any objection to the present transaction?:None 18.Any other matters that need to be specified:N/A