Date of announcement 2022/04/08
Time of announcement 18:22:58
Date of events 2022/04/08
To which item it meets paragraph 51

1.Date of occurrence of the event:2022/04/08
2.Company name:China Development Financial Holding Corporation (“CDF” or
the “Company”).
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”):Head office
4.Reciprocal shareholding ratios:Not applicable
5.Cause of occurrence:
1) The NT$ 14,208,611,810 capital reduction, representing 1,420,861,181
common shares reduction, by KGI Securities, a subsidiary of CDF, has been
approved by the Financial Supervisory Commission, R.O.C. on April 8, 2022.
2) Use of funds and expected benefits: KGI Securities intends to return to
the Company 340,713,669 CDF common shares, 310,901,223 CDF preferred shares
and NT$4,897,759,016 in cash through a capital reduction, which shares and
cash is held by KGI Securities as a result of a share swap transaction
between the Company and China Life Insurance Co., Ltd. The total cash
received by the Company from KGI Securities’ capital reduction is
NT$4,897,759,021 (including the NT$5 from KGI Securities to make up its
capital reduction value), which will be used by the Company to repay
short-term debt (including the maturing commercial papers), and the
Company will apply for cancellation of the shares received from KGI
Securities to comply with Article 38 of the Financial Holding Company Act.
6.Countermeasures:No.
7.Any other matters that need to be specified:No.