Taiwan Cement : Announcement of TCC to lease property to related party, TCC Energy Storage Corp.

Statement

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
  Land owned by Taiwan Cement Corp. (TCC) Hoping Cement Plant
  Land located at:Land no. 6 and surrounding area of the plant, Ming Hsing
  section, Hualien City, Hualien County
2.Date of occurrence of the event:2022/06/21
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
  Transaction unit amount:The land is approximately 11,166 square meters,
  equivalent to around 3,378 ping
  Unit price: total annual rent is NT$4,661,244
  Right-of-use amount: around NT$42,462,067
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
  Trading counterparty:TCC Energy Storage, a subsidiary of TCC
  Relationship with the Company: related party
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer: The land is suitable for the renting party's operation needs
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:N/A
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):N/A
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
  Scheduled renting period:July 1st, 2022-June 30th, 2032, a 10-year period
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
  Unit price determined by professional appraisal report
10.Name of the professional appraisal firm or company and
its appraisal price:Global Vision Appraisal Firm
11.Name of the professional appraiser:Kan Chen
12.Practice certificate number of the professional appraiser:
 (91) Taipei City No. 000020
13.The appraisal report has a limited price, specific price,
or special price:N/A
14.An appraisal report has not yet been obtained:N/A
15.Reason for an appraisal report not being obtained:N/A
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:N/A
17.Name of the CPA firm:N/A
18.Name of the CPA:N/A
19.Practice certificate number of the CPA:N/A
20.Broker and broker's fee:N/A
21.Concrete purpose or use of the acquisition or disposal:
  To install energy storage systems
22.Any dissenting opinions of directors to the present transaction:N/A
23.Whether the counterparty of the current transaction is a
related party:Yes
24.Date of the board of directors resolution:2022/06/21
25.Date of ratification by supervisors or approval by
the audit committee:2022/06/21
26.The transaction is to acquire a real property or right-of-use
asset from a related party:No
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:N/A
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:N/A
29.Any other matters that need to be specified:None