Contract Adjustment of Construction Works for the Second Train Inspection Shop and Relevant Maintenance Shops at Zuoying Depot of Taiwan High Speed Rail.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City):
   Contract Adjustment of Construction Works for the Second Train Inspection Shop and Relevant Maintenance Shops at 
   Zuoying Depot of Taiwan High Speed Rail.
2.Date of occurrence of the event:2024/10/22
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),unit price, and total transaction price:
(1)Transaction volume: Not applicable.
(2)Unit price: Not applicable.
(3)Total Transaction price: 5,136,000 thousand NTD reduce 5,158 thousand NTD (Tax inclusive)
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):
   FORMOSA BUILDERS, Inc. , which is not a related party of the Company.
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: Not applicable.
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: Not applicable.
7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table 
    explaining recognition): Not applicable.
8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other 
    important terms and conditions: Terms of delivery and payment to be carried out in accordance with the relevant contract; 
    Restrictive covenants in the said contracts: none; Other important stipulations: none.
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: The manner of deciding on this transaction and the reference basis
    for the decision on price:  Supervision contractor(CECI) of this construction project Conducted price inquiry, comparison, and
    negotiation.   Decision-making department: Chairman.
10.Name of the professional appraisal firm or company and its appraisal price: Not applicable.
11.Name of the professional appraiser: Not applicable.
12.Practice certificate number of the professional appraiser: Not applicable.
13.The appraisal report has a limited price, specific price, or special price: Not applicable.
14.An appraisal report has not yet been obtained: Not applicable.
15.Reason for an appraisal report not being obtained: Not applicable.
16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA: Not applicable.
17.Name of the CPA firm: Not applicable.
18.Name of the CPA: Not applicable.
19.Practice certificate number of the CPA: Not applicable.
20.Broker and broker's fee: Not applicable.
21.Concrete purpose or use of the acquisition or disposal:In accordance with the train maintenance capacity and parking demand, 
      it is planned to build a second train inspection and maintenance shop at the Zuoying Depot to ensure the maintenance and
      parking  capacity can meet the demand.
22.Any dissenting opinions of directors to the present transaction: None.
23.Whether the counterparty of the current transaction is a related party: No
24.Date of the board of directors resolution: NA
25.Date of ratification by supervisors or approval by the audit committee: NA
26.The transaction is to acquire a real property or right-of-use asset from a related party: Not applicable.
27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public
      Companies:  Not applicable.
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: Not applicable.
29.Any other matters that need to be specified: In accordance with the limits to authority, the Contract Adjustment will be conducted
      once  he RFA is approved by Chairman on October 22, 2024.