Hua Nan Financial Holdings plan to invest in the private placement of the subsidiary Hua Nan Commercial Bank for the amount of NT$9.108 billion 


1.Name and nature of the subject matter (if preferred shares,the terms and
  conditions of issuance shall also be indicated,e.g.dividend yield):
Issuance of Hua Nan Commercial Bank's common stocks through private
placement
2.Date of occurrence of the event:2017/07/31
3.Volume, unit price, and total monetary amount of the transaction:
 1. Volume：414,000,000 common shares
 2. Price per share：NT$22
 3. Total amount：NT$9,108,000,000
4.Counterpart to the trade and its relationship to the Company(if the
  trading counterpart is a natural person and furthermore is not an actual
  related party of the Company, the name of the trading counterpart is not
  required to be disclosed):
 1. Counterpart: Hua Nan Commercial Bank
 2. Hua Nan Commercial Bank is a wholly owned subsidiary of the Company
5.Where the counterpart to the trade is an actual related party,a public
  announcement shall also be made of the reason for choosing the related
  party as trading counterpart and the identity of the previous owner
  (including its relationship with the company and the trading counterpart),
  price of transfer, and date of acquisition:
 1. Reason: To maintain Hua Nan Commercial Bank as a wholly owned subsidiary
 of the Company
 2. Identity of the previous owner: N/A
 3. Price of transfer and date of acquisition: N/A
6.Where a person who owned the property within the past five years has been
  an actual related person of the company, a public announcement shall also
  include the dates and prices of acquisition and disposal by the related
  person and the person's relationship to the company at those times:N/A
7.Matters related to the creditor's rights currently being disposed of
  (including types of collateral of the disposed creditor's rights;if the
  creditor's rights are creditor's rights toward a related  person, the name
  of the related person and the book amount of the creditor's rights toward
  such related person currently being disposed of must also be announced):N/A
8.Anticipated profit or loss from the disposal (not applicable in cases of
  acquisition of securities) (where originally deferred, the status or
  recognition shall be stated and explained):N/A
9.Terms of delivery or payment (including payment period and monetary
  amount), restrictive covenants in the contract, and other important
  stipulations:
 1. Terms of delivery or payment: After receiving the approval from the
 authority, the Company will paid in cash on the record date
 2. Restrictive covenants in the contract and other important stipulations:
 Private placement will follow the related rules and procedures
10.The manner in which the current transaction was decided, the reference
   basis for the decision on price, and the decision-making department:
 1. The manner in which the current transaction was decided: The board
 resolution of the Company
 2. The reference basis for the decision on price: The relationship between
 the share price of the Company and the book value per share of Hua Nan
 Commercial Bank.
 3. The decision-making department: The board of the directors of the Company
11.Net worth per share of company underlying securities acquired or disposed
   of:NT$22.43
12.The discrepancy between the reference price of private placement and the
   transaction amount per share is 20 percent or more of the transaction
   amount: None
13.Current cumulative volume, amount, and shareholding percentage of
   holdings of the security being traded (including the current trade) and
   status of any restriction of rights (e.g.pledges):
 1. Current cumulative volume: 7,771,600,000 shares
 2. Current cumulative amount: NT$122,621,393,000
 3. Shareholding percentage: 100%
 4. Status of any restriction of rights: None
14.Current ratio of private placement of securities (including the current
   trade) to the total assets and shareholder's equity as shown in the most
   recent financial statement and the operating capital as shown in the most
   recent financial statement:
 1. Current ratio of private placement of securities (including the current
 trade) to the total assets as shown in the most recent financial statement:
 91.06%
 2. Current ratio of private placement of securities (including the current
 trade) to the shareholder's equity as shown in the most recent financial
 statement: 105.26%
 3. The operating capital as shown in the most recent financial statement:
 NT$424,165,000
15.Broker and broker's fee:None
16.Concrete purpose or use of the acquisition or disposition:
For the benefit of stable and long term investment gains
17.Do the directors have any objection to the present transaction?:None
18.The trading counterparty is a related party:Yes, Hua Nan Commercial Bank is
 a wholly owned subsidiary of the Company
19.Approval date by board of directors:2017/07/31
20.Recognition date by supervisors or submission date by audti committee:
2017/07/14
21.Has the CPA issued an opinion on the unreasonableness of the price of
   the current transaction?:None
22.Any other matters that need to be specified:None

HUANAN Financial Holdings Co. Ltd. published this content on 31 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 August 2017 09:09:02 UTC.

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