Date of announcement 2022/04/29
Time of announcement  15:14:19
Date of events 2022/04/29
To which item it meets paragraph 51

1.Date of occurrence of the event:2022/04/29
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:Not applicable.
5.Cause of occurrence:
1) The NT$14,208,611,810 capital reduction of KGI Securities, a subsidiary of
CDF, has been approved by the Financial Supervisory Commission (“FSC”) on
April 8, 2022.
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 utilization status of
funds on the Market Observation Post System within 10 days after the
completion of the execution
3) KGI Securities has reduced its capital and returned to the Company all of
the Company's 340,713,669 common shares, 310,901,223 preferred shares and
NT$4,897,759,016 in cash received as a result of the Company’s share swap
with China Life. The cash received by the Company from KGI Securities on
April 22, 2022 has been used to repay the Company’s short-term debt, and
the execution was completed on April 29, 2022.
6.Countermeasures:No.
7.Any other matters that need to be specified:The funds received by the
Company from KGI Securities according to Regulations Governing the Capital
Reduction at the Subsidiaries of a Financial Holding Company include not only
cash but also the Company’s common shares and preferred shares. The Company
will apply to the FSC for cancellation of such shares and apply to the
Ministry of Economic Affairs to proceed with capital reduction and
cancellation after receiving the FSC’s approval. The Company will announce
the utilization status of funds on Market Observation Post System and file
with the competent authority upon completion of execution.