On behalf of the subsidiary Test Rite Business Development Corporation (China) Co., Ltd. to announce the purchasing of real estate.

2018-03-23

1.Name and nature of the subject matter (e.g.land located at
Sublot XX, Lot XX, North District, Taichung City):office building at Taihong
Rd., and Xinhong Rd., Minhang District, Shanghai.
2.Date of the occurrence of the event:2018/03/23
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),
unit price, total transaction price:Building: 8,025.84 square meters.
unit price: RMB $48,543, Total transaction price: RMB $389,595,045.
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): Shanghai Macrolink Real-estate Development Co.,
Ltd.
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:NA.
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:NA.
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):NA.
8.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract,
and other important stipulations:Payment which applied according to the
contract signed.
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:
The manner of deciding on this transaction: price negotiation
The reference basis for the decision on price: Appraisal report provided by
the asset evaluation company.
The decision-making department: Test Rite Business Development Corporation
(China) Co., Ltd. Board meeting.
10.Name of the professional appraisal institution and its appraisal
amount:The professional appraisal institution : SHANGHAI SHENWEI ASSETS
APPRAISAL CO., LTD:RMB $401,910,000,and CUSHMAN & WAKEFIELD INERNATIONAL
PROPERTY ADVISERS(SHANGHAI)CO., LTD:RMB395,100,000.
11.Reason for any significant discrepancy with the transaction amount,
and opinion of the certifying CPA:NA.
12.Is the appraisal report price a limited price or specific price?:NO.
13.Has an appraisal report not yet been obtained?:NO.
14.Reason for an appraisal report not been obtained:NA.
15.Broker and broker's fee:NO.
16.Concrete purpose or use of the acquisition or disposal:for long-term
operation.
17.Do the directors have any objection to the present transaction?:NO.
18.Any other matters that need to be specified:NO.