Date of announcement  2017/09/14
Time of announcement  17:05:01
 
Date of events   2017/09/14 
To which item it meets paragraph 49
Statement 
1.Date of occurrence of the event:2017/09/14
2.Company name:China Development Financial Holding
Corporation
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”): head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
(1)The NTD 5 billion capital reduction application of KGI
Securities Co., Ltd, subsidiary of CDF, was approved by
Financial Supervisory Commission, R.O.C. on July 14, 2017.
(2)According to the Article 5, paragraph 2 of the
Regulations Governing the Capital Reduction at the
Subsidiaries of a Financial Holding Company, the company
is required to post the information regarding the status
of use of funds on Market Observation Post System within
ten days after the execution plan of use of funds is
completed.
 1.The use of funds from capital reduction is to strengthen
 CDF's investment capability, provide funding for potential
merge and investment opportunities, and also enhance
operating capital and strengthen financial structure in the
short term.
 2.Status of use of funds:
Estimated amount to be used: NTD 5 billion
Actual amount used: NTD 5 billion
 3.Execution plan progress:
Estimated progress: 100%
Actual progress: 100%
 4.The funds were used partially for the acquisition of
the common shares of China Life Insurance Co., Ltd. The
tender offer has been expired on September 6, 2017 and all
the conditions have been satisfied. This settlement has
completed on September 13, 2017.
6.Countermeasures:N/A
7.Any other matters that need to be specified:N/A