Date of announcement  2018/01/09
Time of announcement  18:07:19
 
Date of events   2018/01/09
 To which item it meets paragraph 49
Statement 
1.Date of occurrence of the event:2018/01/09
2.Company name: China Development Financial Holdings
Co,. Ltd.
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 192,834,970 capital reduction application of
CDIB Capital Group, subsidiary of CDF, was approved by
Financial Supervisory Commission, R.O.C. on 2017/12/26.
(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 each quarter end.
1.The use of funds and the effectiveness of the capital
reduction is to comply with the Article 31 of the
Financial Holding Company Act, and CDIB Capital Group
proposed to return all of its 20,646,142 shares of
CDF, which were acquired via a stock swap with Cosmos
Bank in 2014. These shares will be cancelled through
capital reduction by CDF.
2.Status of capital reduction:
The capital reduction of CDIB Capital Group is in
progress, and CDF will announce and update the
execution of the plan according to the Regulations.
3.Execution plan progress:
Estimated progress: 100%
Actual progress: 0%
6.Countermeasures:N/A
7.Any other matters that need to be specified:N/A