CDF announced that all conditions of the tender offer to acquire the common shares of China Life Insurance Co., Ltd. have been satisfied

2017-09-05
Announcements

Date of announcement  2017/09/05
Time of announcement  17:58:16
 
Date of events   2017/09/05 
To which item it meets paragraph 38
Statement 
1.Date of occurrence of the event:2017/09/05
2.Cause:
All conditions to the tender offer launched by the Company
to acquire 25.33% of common shares of China Life Insurance
Co., Ltd. (“China Life”) have been satisfied. This public
announcement is made pursuant to Paragraph 2, Article 19 of
the Regulations Governing Public Tender Offers for
Securities of Public Companies.
(1) As of September 5, 2017, the accumulated tendered
common shares have reached 1,154,723,246 shares, exceeding
the planned minimum amount of 868,440,000 shares.
(2) Fair Trade Commission has resolved on August 23, 2017
that the combination between CDF and China Life is not
prohibited.
Thus, all the conditions to this tender offer have been
satisfied.
3.Countermeasures:
The tender offer made by CDF to acquire common shares of
China Life will continue until 3:30pm on September 6, 2017.
Shareholders of China Life who intend to participate in the
tender offer may bring their securities passbooks and
authorized chop specimen to the securities brokers where
the accounts were opened to make the tendering. To inquire
further information, please contact the tender offer agent
President Securities Corp. at 02-2746-3797, or check the
website http://www.pscnet.com.tw/.
4.Any other matters provided by the Securities and Futures Bureau,
  Financial Supervisory Commission:
(1) Pursuant to Paragraph 4, Article 19 of the Regulations
Governing Public Tender Offers for Securities of Public
Companies, after the conditions of the public tender offer
have been achieved, if the offeror does not complete the
payment by the time for payment of the tender offer
consideration as specified in the prospectus, the tenderer
may, without issuing any notice of payment due, terminate
the contract at its sole discretion. The mandated institution
shall, on the following business day, return to the tenderer
the securities deposited by the tenderer. However, if the
time to return the securities to the tenderer, as specified
in the prospectus, is earlier than the time for payment of
tender offer consideration, such stipulation shall govern.
(2) Pursuant to Paragraph 6, Article 19 of the Regulations
Governing Public Tender Offers for Securities of Public
Companies, after this public announcement is made, unless
the events under the aforementioned Paragraph occur, the
offerees cannot withdraw the tender.
(3) While the number of the shares tendered has exceeded the
planned minimum amount, without any provisional attachment
or provisional injunction or other compulsory execution
procedures, or other transfer restrictions, which makes the
tendered shares be deemed as not being tendered at the
beginning, and without any other situation where with the
approval of the competent authority the tender offer can
be suspended, the settlement and payment of the consideration
for this tender offer will be handled within five business
days after the expiration of the tender offer period
(including the fifth business day).
 

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