Today's Information

Provided by: CHINA DEVELOPMENT FINANCIAL HOLDING CORP.
SEQ_NO 1 Date of announcement 2022/01/21 Time of announcement 18:31:22
Subject 
 CDF, on behalf of KGI Securities Co. Ltd.,
announced the Board's resolution regarding Capital
Reduction.
Date of events 2022/01/21 To which item it meets paragraph 11
Statement 
1.Date of the board of directors resolution:2022/01/21
2.Reason for capital reduction:Since the Share Swap between CDF and China
Life has been completed on December 30, 2021, the shares of China Life owned
by KGI Securities Co. Ltd were converted to NT$4,897,759,016, 340,713,669
common stocks and 310,901,223 preferred stocks of CDF accordingly. KGI
Securities Co. Ltd is going to return all of its NT$4,897,759,016,
340,713,669 common stocks and 310,901,223 preferred stocks of CDF by way of
capital reduction. The measurement date of share price is January 20, 2022.
The amount of capital reduction will be calculated based on CDF's closing
price on the measurement date. The difference between the shares cancelled
at NT$10 par value and the value of CDF shares returned should be paid in
cash.
3.Amount of capital reduction:NTD 14,208,611,810.
4.Cancelled shares:1,420,861,181 shares.
5.Capital reduction percentage:43.06%.
6.Share capital after capital reduction:NTD 18,787,366,290.
7.Scheduled date of the shareholders meeting:Pursuant to Article 15,
paragraph 1 of the Financial Holding Company Act, the rights and functions
of the shareholders�� meeting is to be exercised by the board of directors
held on February 18, 2022.
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:N/A.
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:N/A.
10.Please explain any countermeasures for lower circulation in
shareholding if the aforesaid estimated no.of listed common shares upon
capital reduction does not reach 60 million and the percentage does not
reach 25%:N/A.
11.The record date for capital reduction:The chairman of the board is to be
authorized to, after obtaining approval for the capital reduction from the
competent authority, determine the reduction record date.
12.Any other matters that need to be specified:N/A.

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CDFH – China Development Financial Holding Corp. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 10:41:03 UTC.