Date of announcement 2023/05/18
Time of announcement 16:50:25
Date of events 2023/05/17
To which item it meets paragraph 51
1.Date of occurrence of the event:2023/05/17
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$ 612,580,850 capital reduction, representing 61,258,085 common
shares reduction, by KGI Securities Co. Ltd. (“KGI Securities”), a
subsidiary of CDF, has been approved by the Financial Supervisory
Commission, R.O.C. (No. 1120212649) on 2023/5/17.
(2) Use of funds and expected benefits: Pursuant to Article 168 of the
Company Act, KGI Securities reduce its capital by returning share
prices to CDF with property other than cash (i.e., the 30,000,000
shares of KGI Securities Investment Trust Co. Ltd. held by KGI
Securities) and cash of NT$7. The NT$ 7 received from the capital
reduction will be used as CDF’s working capital, which is expected
to save NT$ 0 in interest expense per year.
6.Countermeasures:No
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
No