CDF announced that the tendered common shares of China Life Insurance Co., Ltd. has exceeded the maximum acceptance threshold

2017-09-05
Announcements

Date of announcement  2017/09/05
Time of announcement  17:58:33
 
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:
For the tender offer launched by the Company to acquire
25.33% of common shares of China Life Insurance Co., Ltd.
(“China Life”), as of September 5, 2017, the accumulated
tendered common shares have reached 1,154,723,246 shares,
exceeding the maximum acceptance threshold of 880,000,000
shares. This public announcement is made pursuant to
Paragraph 2, Article 19 of the Regulations Governing Public
Tender Offers for Securities of Public Companies.
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:
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).
5.Return time, method, and location of the deposited but not dealt
securities:
(1)Time: One business day after the expiration of the tender
offer period (including the first business day)
(2)Method: The tender offeror will prioritize the purchase
in accordance with the following manner. Tenders of 1,000
shares and below are given top priority for purchase. For
tenders of more than 1,000 shares, the tender offeror will
purchase shares according to the determined ratio after
deducting the aforementioned prioritized purchase and round
down by accepting only 1,000 shares. Should there still be
outstanding tenders after the above purchases, a random
acceptance will be made.
President Securities will return the unpurchased shares to
the offerees’ TDCC account from President Securities’
Tender Offer Special TDCC Account
(Account Number: 5850-572239-2).
(3)Location: President Securities: 1F, No.8, Dongxing Rd.,
Taipei, Taiwan (ROC)

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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
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