【Xing Fu】Explanation by subsidiary Da Sheng Development Co., Ltd. regarding the significant information announced on March 9, 2022, and the reason why the disposal gains have not yet been recognized
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Da Sheng Development, a subsidiary of Xing Fu, explained the non-recognition of disposal gains from a real estate transaction announced on March 9, 2022. The delay is due to the disposed land being in an urban readjustment process with ongoing inspections and improvement requests from the Keelung City Government, which is not expected to impact future financial performance.