Date of announcement 2021/02/05

Time of announcement 18:08:37

Date of events 2021/02/05

To which item it meets paragraph 51

Statement

1.Date of occurrence of the event:2021/02/05

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 the

Financial Supervisory Commission on October 7, 2020.

(2)According to 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 information regarding the status of use of funds on the Market Observation Post System within ten days

upon completion of the execution plan.

1. The use of funds is 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.

2. Status of use of capital reduction funds: The funds were used to partially fund the acquisition of the common shares of China Life Insurance Co., Ltd.,resulting in the use of funds fully executed as planned.

6.Countermeasures:None

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