Date of announcement 2018/04/09
Time of announcement 17:27:43
Date of events 2018/04/09
To which item it meets paragraph 51
Statement
1.Date of occurrence of the event:2018/04/09
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 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:
CDIB Capital Group completed its capital reduction,
and CDF proposed to cancel such shares through capital
reduction pursuant to relevant regulation.
6.Countermeasures:None
7.Any other matters that need to be specified:None
CDF announced regarding the status of capital reduction by its subsidiary company, CDIB Capital Group
2018-04-09
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