Date of announcement  2019/11/21
Time of announcement  17:37:50
 
Date of events   2019/11/21 
To which item it meets paragraph 20
Statement 
1.Date of occurrence of the event:2019/11/21
2.Method of the present increase (decrease) in investment:
KGI Bank will invest JiangSu Suyin KGI Consumer Finance
Co.,Ltd. (the name to be confirmed) launched by Bank of
JIANGSU in Mainland China.
3.Transaction volume, price per unit, and total monetary
  amount of the transaction:RMB 200.4 million.
4.Company name of the invested mainland Chinese company:
JiangSu Suyin KGI Consumer Finance Co., Ltd
(the name to be confirmed).
5.Paid-in capital of said invested mainland Chinese company:
The company is newly established with registered capital
of RMB 600 million.
6.Amount of new capital increment currently planned
  by said invested mainland Chinese company:N/A
7.Main business items of said invested mainland Chinese
  company: Issuing consumer personal loans.
8.Type of CPA opinion issued for the financial statement
  of said invested mainland Chinese company for the most
  recent fiscal year:N/A
9.Total equity of said invested mainland Chinese company on
  the financial statement for the most recent fiscal year:N/A
10.Amount of profit/loss of said invested mainland Chinese
   company on the financial statement for the most recent
   fiscal year:N/A
11.Amount of actual investment to date in said invested
   mainland Chinese company:0
12.Counterparty to the transaction and its relationship
   to the Company:KGI Bank is launching
JiangSu Suyin KGI Consumer Finance Co.,Ltd.
with Bank of JIANGSU、Fivestar Holdings Co.
and Heilan Home Co.. All co-sponsors are not
KGI Bank’s related parties.
13.Where the counterparty to the transaction is an actual
   related party, public announcement shall also be made of
   the reason for choosing the related party as the
   counterparty and the identity of the previous owner
   (including its relationship with the company and the
   trading counterpart), the date of transfer, and the price:
None.
14.Where a person who owned the subject matter of the
   transaction within the past five years has been an
   actual related party of the company, public
   announcement shall also be made of the dates and
   prices of acquisition and disposal by the related
   party and such party's relationship to the company
   at those times:None.
15.Gain (or loss) on disposal:N/A
16.Terms of delivery or payment (including payment period
   and monetary amount), restrictive covenants in the
   contract, and other important stipulations:
Paid in accordance with the transaction
schedule, and promised not to transfer its holdings
within 5 years after the establishment of the
company ( except with the requirements of the
administration)
17.The manner of deciding on this transaction, the reference
   basis for the decision on price and the decision-making
   department:N/A
18.Broker:None.
19.Concrete purpose of the acquisition or disposal:
Leverage this investment as a key to entry the new
consumer finance market in Mainland China. Also, we
will develop the innovated consumer banking business
models in China in order to bring in all the
synergies together.
20.Do the directors have any objection to the present transaction?:
None.
21.Is it a related party transaction?:None
22.Date of the board of directors’resolution:NA
23.Date of the recognition of the supervisors
or the board of independent directors’resolution:NA
24.Total amount of mainland China area investment
   (including the present investment) approved by the
   Investment Commission to date:USD 30 million,
equivalent to NTD 931 million (including the present investment
of 0 million, the total amount of mainland China area
investment is equivalent to NTD 931million).
25.Ratio of the total amount of investment (including
   the present investment) in the mainland China area approved
   by the Investment Commission to date to the paid-in capital
   on the financial statement for the most recent period:
 2.02% (including the present investment：2.02%)
26.Ratio of the total amount of investment (including
   the present investment) in the mainland China area
   approved by the Investment Commission to date to the
   total assets on the financial statement for the most
   recent period:0.13% (including the present
investment：0.13%)
27.Ratio of the total amount of investment (including
   the present investment) in the mainland China area approved
   by the Investment Commission to date to the shareholders’
   equity on the financial statement for the most recent period:
1.46% (including the present investment：1.46%)
28.Total amount of actual investment in the mainland China
   area to date:NTD 931 million
29.Ratio of the total amount of actual investment in the
   mainland China area to date to the paid-in capital on
   the financial statement for the most recent period:
2.02%
30.Ratio of the total amount of actual investment in the
   mainland China area to date to the total assets on the
   financial statement for the most recent period:0.13%
31.Ratio of the total amount of actual investment in the
   mainland China area to date to the shareholders’ equity
   on the financial statement for the most recent period:
1.46%
32.Amount of recognized profits and losses on investment in
   the mainland China area for the most recent three fiscal years:
2016：NTD -234 million,
2017：NTD -230 million, 2018：NTD -2 million
33.Amount of profit remitted back to Taiwan for the most
   recent three fiscal years:0
34.Has the CPA issued an opinion on the unreasonableness of the price
   of the current transaction?:N/A
35.Name of the CPA firm:N/A
36.Name of the certifying CPA:N/A
37.The practice certificate number of the CPA:N/A
38.Any other matters that need to be specified:
(1)The counterparty 2345.com Co. was changed to Fivestar
Holdings Co., therefore the investment agreement signed with
the counterparts of JiangSu Suyin KGI Consumer Finance Co.
on April 12, 2017 will be re-signed.
(2)The case has yet to be CDF and the cross-strait authorities
approved the follow-up after the relevant procedures.
Therefore the total amount of mainland China area investment
approved by the Investment Commission reported in item 24
to 27 does not include the present investment.