Date of announcement  2015/04/13
Time of announcement  22:56:27
 
Date of events  2015/04/13 
To which item it meets paragraph 11
 
Statement 
1.Kind of merger/acquisition (e.g.merger, consolidation, spin-off
 ,acquisition, or receiving assignment of shares):
business transfer
2.Date of occurrence of the event:2015/04/13
3.Names of companies participating in the merger (e.g.name of the
  other company participating in the merger or consolidation, newly
  established company in a spin-off, acquired company, or company
  whose shares are taken assignment of):KGI Bank
4.Counterparty (e.g.name of the other company participating in
  the merger or consolidation, company taking assignment of the
  spin-off, or counterparty to the acquisition or assignment of shares):KGI Bank
5.Relationship between the counterparty and the Company (investee
  company in which the Company has re-invested and has shareholding
  of XX%), and explanation of the reasons for the decision to acquire,
  or take assignment of the shares of, an affiliated enterprise or
  related person, and whether it will affect shareholders' equity:
KGI Bank and China Development Industrial Bank (hereinafter referred to as
”CDIB”) are both wholly owned subsidiaries of China Development Financial
Holding Corporation (hereinafter referred to as “CDF”). The transaction
is according to the Share Swap Plan between CDF and KGI Bank for CDIB to
transfer its commercial banking business to KGI Bank.
6.Purpose/objective of the merger/acquisitionation:
Establish the professional division within the financial holding group,
and thus enhance the overall return on shareholders' equity.
7.Anticipated benefits of the merger/acquisition:
Through the effective integration and reconfiguration of resources within
the financial holding group, CDF is able to distinctly develop its division
expertise namely in the commercial banking and venture capital industry,
and further strengthen the overall competitiveness of the financial holding
group.
8.Effect of the merger or consolidation on net worth per share and
  earnings per share:
CDF intends to improve the return on shareholders' equity continuously
through the integration of the commercial banking business of CDIB and KGI
Bank; therefore, the acquisition should result in a positive benefit in the
future net worth per share and earnings per share.
9.Share exchange ratio and basis of its calculation:Not applicable
10.Scheduled timetable for consummation:
The record date for business transfer will be resolved by the Chairmen of
both parties after obtaining the approval from the competent authority.
11.Matters related to assumption by the existing company or new
   company of rights and obligations of the extinguished (or spun-off)
   company::Not applicable
12.Basic information of companies participating in the merger:Not applicable
13.Matters related to the spin-off (including estimated value of
   the business and assets planned to be assigned to the existing
   company or new company; the total number and the types and
   volumesof the shares to be acquired by the split company or
   its shareholders; matters related to the reduction, if any,
   in capital of the split company) (note: not applicable other
   than where there is announcementof a spin-off):Not applicable
14.Conditions and restrictions on future transfers of shares
   resulting from the merger or acquisition:Not applicable
15.Other important stipulations:None
16.Do the directors have any objection to the present transaction?:None