Announcement on behalf of our subsidiary Cathay United Bank on acquisition of the right of use of 35 assets from Cathay Life Insurance

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Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO	1	Date of announcement	2021/11/09	Time of announcement	17:35:58
Subject	Announcement on behalf of our subsidiary Cathay United Bank on acquisition of the right of use of 35 assets from Cathay Life Insurance
Date of events	2021/11/09	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying asset (e.g., land located at Sublot XX, Lot XX, North District, Taichung City): No./leased object 1) 8F, No. 333 and 335, Sec. 2, Dunhua S. Rd., Da'an Dist., Taipei City 2) A2 on 4F, A5 on 4F, A1 on 5F, 6-10F, No. 508 and 510, Ruiguang Rd., Neihu Dist., Taipei City 3) 3 parking spaces at No. 508 and 510, Ruiguang Rd., Neihu Dist.,Taipei City 4) Room A1 on 2F, No. 16, Sec. 4, Nanjing E. Rd., Songshan Dist., Taipei City 5) 2-4F and 8-11F, No. 132, and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City 6) 1 parking space at No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City 7) Room A2 on 2F, No. 508 and 510, Ruiguang Rd., Neihu Dist., Taipei City 8) Room A1 on 9F, No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City 9) 1F and Room A on 3F, No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City 10) 2 parking spaces at No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City 11) 1F, No. 71, Sec. 2, Ren'ai Rd., Zhongzheng Dist., Taipei City 12) 2 parking spaces at No.85, Sec. 4, Ren'ai Rd., Da-an Dist., Taipei City 13) B1 and 1F, No. 218, Sec. 2, Dunhua S. Rd., Da'an Dist., Taipei City 14) 2 parking spaces at No. 218, Sec. 2, Dunhua S. Rd., Da'an Dist., Taipei City 15) 1F and 2F, No. 353, Fuhe Rd., Yonghe Dist., New Taipei City 16) 1F and 2F, No. 190, Zhongzheng Rd., Xindian Dist., New Taipei City 17) 2 parent and child parking spaces at No. 190, Zhongzheng Rd., Xindian Dist., New Taipei City 18) 1F and 2F at No. 214 and No. 216, Sec. 1, Sanmin Rd., Banqiao Dist., New Taipei City 19) 3 parking spaces at No. 214 and No. 216, Sec. 1, Sanmin Rd., Banqiao Dist., New Taipei City 20) 1F and 2F, No. 87, Section 4, Chongxin Rd., Sanchong Dist., New Taipei City 21) 1 parking space at No.87, Section 4, Chongxin Rd., Sanchong Dist., New Taipei City 22) 1F and 2F, No. 196, Section 2, Datong Rd., Xizhi Dist., New Taipei City 23) 3 parking spaces at No. 196, Section 2, Datong Rd., Xizhi Dist., New Taipei City 24) 1F-4F, No. 5, Zhong 1st Rd., Ren'ai Dist., Keelung City 25) 1F-2F, No. 408, Zhongzheng Rd., Miaoli City, Miaoli County 26) 1F and 2F, No. 150, Minzu Rd., East Dist., Hsinchu City 27) 1F and 2F, No. 188, Sec. 1, Shipai Rd., Beitou Dist., Taipei City 28) Room A2 on 1F, No. 106, Sec. 5, Xinyi Rd., Xinyi Dist., Taipei City 29) Room B on 1F, No. 53, Sec. 2, Gongyi Rd., Nantun Dist., Taichung City 30) 1F-3F, No. 13, Sanhe 3rd Rd., Nantou City, Nantou County 31) 1F-3F, No. 89, Zhongshan Rd., Douliu City, Yunlin County 32) 1F-3F, No. 134, Zhongshan Rd., Xinying Dist., Tainan City 33) 1F and 2F (including 3 parking spaces), No. 7, Siwei 4th Rd., Lingya Dist., Kaohsiung City 34) 1 parking space on 1F, No. 7, Siwei 4th Rd., Lingya Dist.,Kaohsiung City 35) 1F and 2F (including 4 parking spaces), No. 28, Zhongshan N. Rd., Gangshan Dist., Kaohsiung City 2.Date of occurrence of the event:2021/11/09 3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping), unit price, and total transaction price: Business offices: 25 trading units in total; Offices: 10,153.468 pings; the right-of-use assets per unit: NT$67,318/ping; Parking spaces: 10 trading units in total; 20 spaces in total; the right-of-use assets per unit: NT$201,731 per unit; Total amount of the right-of-use assets: NT$687,544,284 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Trading counterparty: Cathay Life Insurance Co., Ltd Relationship: Interested parties 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: Reason for choosing the interested party as a trading counterparty: The purpose of the acquisition of the right-of-use assets is for the Bank's business needs, business management, and opening to the public. Meanwhile, some of the premises' renovation depreciation and amortization periods have not yet expired so there is currently no relocation plan. Information of the previous transfer: No./the leased object /the trading counterparty of the previous acquisition /relationship between the interested party and the trading counterparty of the previous acquisition/the date of the previous transfer 1) 8F, No. 333 and 335, Sec. 2, Dunhua S. Rd., Da'an Dist., Taipei City/Mega International Commercial Bank/non-interested party/2011.11.25 2) A2 on 4F, A5 on 4F, A1 on 5F, 6-10F, No. 508 and 510, Ruiguang Rd., Neihu Dist., Taipei City/Cathay United Bank/interested party/2002.03.28 3) 3 parking spaces at No. 508 and 510, Ruiguang Rd., Neihu Dist., Taipei City/Cathay United Bank/ interested party/2002.03.28 4) Room A1 on 2F, No. 16, Sec. 4, Nanjing E. Rd., Songshan Dist., Taipei City/self-built by Cathay Life Insurance/1990.04.16 5) 2-4F and 8-11F, No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City/Rich Development Construction Co., Ltd./non-interested party/1998.03.20 6) 1 parking space at No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City/Rich Development Construction Co., Ltd. /non-interested party/1998.03.20 7) Room A2 on 2F, No. 508 and 510, Ruiguang Rd., Neihu Dist., Taipei City /Huaku Development Co., Ltd./non-interested party/2002.03.28 8) Room A1 on 9F, No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City/Rich Development Construction Co., Ltd./non-interested party/1998.03.20 9) 1F and Room A on 3F, No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City/Rich Development Construction Co., Ltd. /non-interested party/1998.03.20 10) 2 parking spaces at No. 132 and No. 136, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei City/Rich Development Construction Co., Ltd. /non-interested party/1998.03.20 11) 1F, No. 71, Sec. 2, Ren'ai Rd., Zhongzheng Dist., Taipei City/self-built by Cathay Life Insurance/1976.12.13 12) 2 parking spaces at No.85, Sec. 4, Ren'ai Rd., Da-an Dist., Taipei City /Cathay United Bank/ interested party/1995.06.19 13) B1 and 1F, No. 218, Sec. 2, Dunhua S. Rd., Da'an Dist., Taipei City /self-built by Cathay Life Insurance/1991.10.21 14) 2 parking spaces at No. 218, Sec. 2, Dunhua S. Rd., Da'an Dist., Taipei City/self-built by Cathay Life Insurance/1991.10.21 15) 1F and 2F, No. 353, Fuhe Rd., Yonghe Dist., New Taipei City/self-built by Cathay Life Insurance/1987.06.15 16) 1F and 2F, No. 190, Zhongzheng Rd., Xindian Dist., New Taipei City /self-built by Cathay Life Insurance/1993.04.01 17) 2 parent and child parking spaces at No. 190, Zhongzheng Rd., Xindian Dist., New Taipei City/self-built by Cathay Life Insurance/1993.04.01 18) 1F and 2F at No. 214 and No. 216, Sec. 1, Sanmin Rd., Banqiao Dist., New Taipei City/self-built by Cathay Life Insurance/2000.05.11 19) 3 parking spaces at No. 214 and No. 216, Sec. 1, Sanmin Rd., Banqiao Dist., New Taipei City/self-built by Cathay Life Insurance/2000.05.11 20) 1F and 2F, No. 87, Section 4, Chongxin Rd., Sanchong Dist., New Taipei City/self-built by Cathay Life Insurance/1991.08.23 21) 1 parking space at No.87, Section 4, Chongxin Rd., Sanchong Dist., New Taipei City/self-built by Cathay Life Insurance/1991.08.23 22) 1F and 2F, No. 196, Section 2, Datong Rd., Xizhi Dist., New Taipei City /Cathay Real Estate Development Co., Ltd./interested party/1999.06.21 23) 3 parking spaces at No. 196, Section 2, Datong Rd., Xizhi Dist., New Taipei City/Cathay Real Estate Development Co., Ltd./interested party /1999.06.21 24) 1F-4F, No. 5, Zhong 1st Rd., Ren'ai Dist., Keelung City/self-built by Cathay Life Insurance/1967.12.16 25) 1F-2F, No. 408, Zhongzheng Rd., Miaoli City, Miaoli County/self-built by Cathay Life Insurance/1989.11.27 26) 1F and 2F, No. 150, Minzu Rd., East Dist., Hsinchu City/self-built by Cathay Life Insurance/1984.10.12 27) 1F and 2F, No. 188, Sec. 1, Shipai Rd., Beitou Dist., Taipei City /EZPlace Co., Ltd./non-interested party/2015.04.21 28) Room A2 on 1F, No. 106, Sec. 5, Xinyi Rd., Xinyi Dist., Taipei City/ self-built by Cathay Life Insurance/2003.06.13 29) Room B on 1F, No. 53, Sec. 2, Gongyi Rd., Nantun Dist., Taichung City /self-built by Cathay Life Insurance/2000.06.30 30) 1F-3F, No. 13, Sanhe 3rd Rd., Nantou City, Nantou County/self-built by Cathay Life Insurance/2001.07.20 31) 1F-3F, No. 89, Zhongshan Rd., Douliu City, Yunlin County/self-built by Cathay Life Insurance/1988.06.08 32) 1F-3F, No. 134, Zhongshan Rd., Xinying Dist., Tainan City/self-built by Cathay Life Insurance/1976.09.16 33) 1F and 2F (including 3 parking spaces), No. 7, Siwei 4th Rd., Lingya Dist., Kaohsiung City/self-built by Cathay Life Insurance/1992.04.22 34) 1 parking space on 1F, No. 7, Siwei 4th Rd., Lingya Dist., Kaohsiung City /self-built by Cathay Life Insurance/1992.04.22 35) 1F and 2F (including 4 parking spaces), No. 28, Zhongshan N. Rd., Gangshan Dist., Kaohsiung City/self-built by Cathay Life Insurance/1992.05.14 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:N/A 7.Projected gain (or loss) through disposal (not applicable for acquisition of assets; those with deferral should provide a table explaining recognition):N/A 8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:N/A 9.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: Decision-making method for the current transaction: Price negotiation between both sides Reference basis for the price decision: Appraisal data from the professional appraisal institutions Decision-making unit: The subsidiary's BOD 10.Name of the professional appraisal firm or company and its appraisal price:N/A 11.Name of the professional appraiser:N/A 12.Practice certificate number of the professional appraiser:N/A 13.The appraisal report has a limited price, specific price, or special price:No or N/A 14.An appraisal report has not yet been obtained:No or N/A 15.Reason for an appraisal report not being obtained:N/A 16.Reason for any significant discrepancy with the appraisal reports and opinion of the CPA:N/A 17.Name of the CPA firm:N/A 18.Name of the CPA:N/A 19.Practice certificate number of the CPA:N/A 20.Broker and broker's fee:N/A 21.Concrete purpose or use of the acquisition or disposal: The purpose of the acquisition of the right-of-use assets is for the Bank's business needs, business management, and opening to the public. Meanwhile, some of the premises' renovation depreciation and amortization periods have not yet expired so there is currently no relocation plan. 22.Any dissenting opinions of directors to the present transaction:None 23.Whether the counterparty of the current transaction is a related party:Yes 24.Date of the board of directors resolution:2021/11/09 25.Date of ratification by supervisors or approval by the audit committee:2021/11/09 26.The transaction is to acquire a real property or right-of-use asset from a related party:Yes 27.The price assessed in accordance with the Article 16 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies:N/A 28.Where the above assessed price is lower than the transaction price, the price assessed in accordance with the Article 17 of the same regulations:N/A 29.Any other matters that need to be specified:None