Grand River Development Limited
In light of the recent disturbances of the operations of the Company and the Board of Directors, we hereby clarify as follows:
1. The chairman of the Company is Mr. Ching Hsin Chang, who holds and keeps the seals and chops of the Company for the daily operations of the Company, as registered by the Department of Commerce, Ministry of Economic Affairs (MOEA). Regarding the matter where Ting Hoi Ma dismissed relevant directors and unlawfully convened a meeting of the board of directors under the name of Luxe Opus S.à r.l. (hereinafter, “Luxe Opus”), and filed with the Department of Commerce, MOEA for a change to the Company’s chairman, directors, and relevant seals and chops of the Company, the Department of Commerce, MOEA issued a letter on May 16, 2023 requesting Ting Hoi Ma for clarification on whether he has the authority to sign on behalf of Luxe Opus, and should no response be received by the deadline, such filing will be denied (see link to Department of Commerce, MOEA at 商工登記公示資料查詢服務.
2. The A-7 The Sky Taipei building currently under construction by the Company will operate Park Hyatt and Andaz, subsidiaries of Hyatt Group, for use as originally planned. There is no conversion of the usage into office space, nor sale of individual floors of the building.
3. Upon investigation, the issuance of Preferred A Shares during 2021 by Green Heaven Investments Limited, the upper-level holding company of the Company, to Lion Best Global Limited was found to not have been approved by the board of directors or the shareholders’ meeting and without obtaining the consent of relevant shareholders. As such, the issuance thereof shall be illegal and invalid. 4. Should you have any questions regarding the above mentioned matters or require further information, please contact Mr. Chee Kien Lee (Tel: +886-910-767-638; email:firstname.lastname@example.org).