2022.10.06
Announcement of objections on the rental building ownership transfer without consideration with the Taiwan Rolling Stock Co., Ltd.by the Audit Committee.Independent Director.
According to the joint venture and building rental agreements, Taiwan Rolling shall lease the building with the Company at the early stage of its establishment, and the Company shall transfer the ownership to Taiwan Rolling without consideration upon the contract expired.
Lien Wen-Bin, Lin Chan-Zong：
There is a “unconventional transaction” suspicion on the “joint venture agreement”and “building rental agreement”. They do not agree to follow the “obligation to transfer property rights and signing land rental renewal and transfer agreement” as originally planned before the court confirms if the transaction mentioned above is conventional.
Countermeasures:Company has its attorney to issue a legal opinion.