Date of announcement 2022/01/13
Time of announcement 20:00:20
Date of events 2022/01/13
To which item it meets paragraph 20
1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):SHENHE ENERGY CO., LTD.;common stock 2.Date of occurrence of the event:2022/01/13 3.Amount, unit price, and total monetary amount of the transaction: Amount: No more than 40,000,000 shares Unit price: NTD10 Total price:No more than NTD 400,000,000 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Trading counterparty:SHENHE ENERGY CO., LTD. Relationship: Related Party 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: Reason:China Life is the original shareholders of SHENHE ENERGY CO., LTD., and participate in cash capital increase of SHENHE ENERGY CO., LTD. Previous transfer: N/A 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:N/A 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor’s rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):N/A 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):N/A 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Follow the announcement of SHENHE ENERGY CO., LTD. 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: Participate in cash capital increase of SHENHE ENERGY CO., LTD. at NTD 10 per share The decision-making is following the authorization procedure of the company 11.Net worth per share of the Company's underlying securities acquired or disposed of:N/A 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Current cumulative no.: No more than 59,900,000 shares Amount: No more than NTD 599,000,000 Percentage: No more than 29.95% Restriction of right:According to the Joint Venture Agreement 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: Ratio of long or short term securities investment to the total assets:83.86% Ratio of long or short term securities investment to shareholder’s equity: 1144.37% Operating capital as shown in the most recent financial statement: N/A 14.Broker and broker's fee:N/A 15.Concrete purpose or use of the acquisition or disposal: Legal use of the insurance funds 16.Any dissenting opinions of directors to the present transaction:N/A 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the board of directors resolution:2022/01/25 19.Date of ratification by supervisors or approval by the Audit Committee:2022/01/25 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:N/A 21.Name of the CPA firm:N/A 22.Name of the CPA:N/A 23.Practice certificate number of the CPA:N/A 24.Whether the transaction involved in change of business model:N/A 25.Details on change of business model:N/A 26.Details on transactions with the counterparty for the past year and the expected coming year:N/A 27.Source of funds:N/A 28.Any other matters that need to be specified: The investment will be executed once it is approved by Board of Director of China Life Insurance and the authority.