Date of announcement 2021/01/28

Time of announcement 18:23:03

Date of events 2021/01/28

To which item it meets paragraph 38

Statement

 

1.Date of occurrence of the event:2021/01/28

2.Cause:CDF launched a tender offer to acquire common shares of China Life Insurance Co., Ltd. (“China Life”).  As of January 28, 2021, the accumulated tendered common shares have reached 309,700,666 shares, exceeding the planned minimum amount of 236,569,862 shares. Besides, the Fair Trade Commission has resolved on January 20, 2021 that the combination between CDF and China Life is not prohibited. Thus, all the conditions of this tender offer have been achieved.

3.Countermeasures:The tender offer made by CDF to acquire common shares of China Life will continue until 3:30pm on February 2, 2021. Shareholders of China Life who intend to participate in this tender offer may complete the tendering procedure through counter, telephone, or electronic (internet) as stated in the tender offer prospectus. To inquire further information, please contact the tender agent, President Securities Corp., at 02-2746-3797,or check the website http://www.pscnet.com.tw/.

4.Any other matters stipulated by the SFB:

(1)Pursuant to Paragraph 4, Article 19 of the Regulations Governing Public Tender Offers for Securities of Public Companies, after the conditions of the tender offer have been achieved, if the offeror does not complete the payment by the time for payment of the tender offer consideration as specified in the prospectus, the tenderer may, without issuing any notice of payment due, terminate the contract at its sole discretion.  The mandated institution shall, on the following business day, return to the tenderer the securities deposited by the tenderer. However, if the time to return the securities to the tenderer, as specified in the prospectus, is earlier than the time for payment of tender offer consideration, such stipulation shall govern.

(2)The tenderer may not revoke its offer to sell after this public announcement is made, unless there are circumstances as described in Paragraph 6, Article 19 of the Regulations Governing Public Tender Offers for Securities of Public Companies,

(3)All the conditions of this tender offer have been achieved. Unless the tendered shares are deemed as they had not been tendered due to provisional proceedings such as provisional attachment or injunction,

or compulsory execution procedures, or any restriction on transfer, or there is any other circumstances specified by the competent authority to suspend the tender offer, the tender offer shall be settled within five business days (including the fifth business day) following the expiration of the tender offer period.