Date of announcement 2022/07/08
Time of announcement 17:50:49
Date of events 2022/07/08
To which item it meets paragraph 51

1.Date of occurrence of the event:2022/07/08
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 each season.
  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 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 will apply to the Ministry of Economic Affairs to proceed
     with the amendment of company registration.
6.Countermeasures: No
7.Any other matters that need to be specified:
  The Company will announce the utilization status of funds on Market
  Observation Post System and file with the competent authority upon
  completion of execution.