Date of announcement 2020/10/08

Time of announcement 19:04:16

Date of events 2020/10/08

To which item it meets paragraph 51

Statement

1.Date of occurrence of the event:2020/10/08

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 1 billion capital reduction application of China Development Asset Management Corporation, subsidiary of CDF, was approved by Financial Supervisory Commission, R.O.C. on 2020/10/07.

(2)The use of funds and the effectiveness from the capital reduction：

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.

6.Countermeasures:None

7.Any other matters that need to be specified:None