Date of announcement 2024/08/15
Time of announcement 18:00:01
Date of events 2024/08/15
To which item it meets paragraph 20

1.Type of contract:Agreement memo for urban renewal business plan.
2.Date of occurrence of the event:2024/08/15~2024/08/15
3.Counterparty to the contract and relationship with the Company:
  China Real Estate Management Co., Ltd. Not an actual related party of
  KGI Life.
4.Major content of the contract (including total contract amount,
anticipated monetary amount of participation in the investment, and start
and end dates of the contract), restrictive covenants, and other important
terms and conditions:
  (1) The distributable value after renewal of entire Tatung building is
  $110,310,204,430 (including $1,064,000,000 from KGI Life's self-fund).
  (2) Anticipated monetary amount of participation: According to Cushman &
  Wakefield Real Estate Appraiser Office, market value before renewal
  for KGI Life is $2,040,933,296.
  (3) Project location：Land serial no.419-1, 1th Subsection , Dunhua
  Section and other land lots, a total of 15 parcels of land.
  (4) Starting and ending dates of the contract:2024/08/15-2024/08/15
  (5) Restrictive covenants, and other important stipulations: KGI Life's
  ratio of rights to value is set at 4.0763% to apply for government's
  approval on the rights transactions plan.
5.Name of the professional appraisal firm or company and its
appraisal opinion:
  (1) Cushman & Wakefield Real Estate Appraiser Office Appraisal opinion: 
  The rights value of KGI Life is $2,040,933,296 before renewal,
  (ratio of rights to value is 4.0763%), rights value will be
  $4,496,519,852 after renewal.
  (2) Top Real Estate Appraiser Firm Appraisal opinion:
  The rights value of KGI Life is $1,951,923,457 before renewal,
  (ratio of rights to value is 4.0841%), rights value will be
  $4,271,799,076 after renewal.
  (3) Great Eastern Real Estate Appraisers Firm Appraisal opinion: The
  rights value of KGI Life is $1,895,898,948 before renewal, (ratio of
  rights to value is 3.8073%), rights value will be $4,075,213,978
  after renewal.
6.Name of the real property appraiser:
  (1) Cushman & Wakefield Real Estate Appraiser Office: Yang, Chang-Ta(96)
  TCG_NO.000106, Lee, Ken-Yuan(94) TCG_NO.000079.
  (2) Top Real Estate Appraiser Firm: Wang, Hung-Yuen(91) TCG_NO.000032,
  Wang,Wei-Chih(108)TCG_NO.000275.
  (3) Great Eastern Real Estate Appraisers Firm: Chien, Shu-Yuan(102)
  NTCG_NO.000088.
7.Practice certificate number of the real property appraiser:As shown above.
8.Concrete purpose of the acquisition:
  The participation of urban renewal project will not only benefit the
  improvement of the old building but also activate self-owned asset.
9.Any dissenting opinions of directors to the present transaction:No
10.Whether the counterparty of the current transaction is a related party:No
11.Date of the board of directors resolution:NA
12.Date of ratification by supervisors or approval by
the audit committee:NA
13.The appraisal report has a limited price, specific price,
or special price:NA
14.An appraisal report has not yet been obtained:NA
15.Reason for an appraisal report not being obtained:NA
16.Reason for any significant discrepancy with the appraisal reports and
opinion of the CPA:NA
17.Name of the CPA firm:NA
18.Name of the CPA:NA
19.Practice certificate number of the CPA:NA
20.Any other matters that need to be specified:
  The appraisal amount by Cushman & Wakefield Real Estate Appraiser Office
  have the highest rights value after renewal, so Cushman & Wakefield Real
  Estate Appraiser Office 's opinion will be used as the reference of
  valuation.