We have negotiated and reached an agreement using the EBITDA multiple as a reference, similar to Australia.

The EBITDA for the half-year ending June 2024 is 44 million TWD, and the net profit is 30 million TWD, showing significant growth from the full-year figures for 2023. The forecast for the year ending December 2024 predicts EBITDA of 100 million TWD and a net profit of 60 million TWD, representing growth of over 200%.

We expect continued growth beyond 2025, similar to services in Japan, indicating room for growth. Compared to Australia, Taiwan has a similar population but four times the installation density and approximately 20 times the monthly rental rate.

Based on these factors, we do not consider the acquisition price to be high.