Date of announcement 2022/08/31
Time of announcement  16:50:17
Date of events 2022/08/31
To which item it meets paragraph 51

1.Date of occurrence of the event:2022/08/31
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. Application for capital reduction of NT$6,516,148,920 to
cancel the Company's 340,713,669 common shares and 310,901,223
preferred shares received by the Company has been approved by the FSC
on June 13, 2022. The Company’s application to proceed with the
amendment of company registration, with a record date for capital
reduction set on July 8, 2022, has been approved by the Ministry of
Economic Affairs on August 29, 2022. Use of funds received from KGIS’s
capital reduction has been fully executed.
6.Countermeasures:No.
7.Any other matters that need to be specified:
The MOEA approval was received on August 31, 2022.