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    2882   TW0002882008

CATHAY FINANCIAL HOLDING CO., LTD.

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Cathay Financial : Announced by Cathay Financial Holdings on behalf of Cathay Century Insurance Co., Ltd. to obtain the right-of-use assets from Cathay United Bank Co., Ltd.

11/16/2021 | 04:36am EST
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Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 1 Date of announcement 2021/11/16 Time of announcement 17:15:18
Subject
 Announced by Cathay Financial Holdings on behalf
of Cathay Century Insurance Co., Ltd. to obtain the
right-of-use assets from Cathay United Bank Co., Ltd.
Date of events 2021/11/16 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):Cathay United Bank Co., Ltd.
Offices. Information System Department: 2F, No. 292,
Yangguang St., Neihu Dist., Taipei City
2.Date of occurrence of the event:2021/11/16~2021/11/16
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
(1) Office : 410.34 p'ing.
(2) Monthly rent is NTD 471,891 (no business tax).
(3) Total transaction price: NTD471,891 (no business tax)
x 26 months = NTD 12,269,166.
(4) Asset amount of right-of-use: NTD 12,115,918
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):Cathay United Bank Co., Ltd.,
a related party of Cathay Century Insurance Co., Ltd.
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:Office lease purpose.
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:Not applicable.
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):Not applicable.
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
(1) Rent of office is paid NTD 471,891 per month
(no business tax).
(2) Lease period: 26 months
(3) Restrictive covenants in the contract and
other important stipulations: None
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:
(1) The options of deciding on this transaction�G
Negotiation the transaction with each other.
(2) Price reference basis of the decision on�G
Professional domain appraisal report.
(3) Decision-making department�GThe decision-making is following
the authorization procedure of the company.
10.Name of the professional appraisal firm or company and
its appraisal price:Not applicable.
11.Name of the professional appraiser:Not applicable.
12.Practice certificate number of the professional appraiser:Not applicable.
13.The appraisal report has a limited price, specific price,
or special price:Not applicable.
14.An appraisal report has not yet been obtained:Not applicable.
15.Reason for an appraisal report not being obtained:Not applicable.
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:Not applicable.
17.Name of the CPA firm:Not applicable.
18.Name of the CPA:Not applicable.
19.Practice certificate number of the CPA:Not applicable.
20.Broker and broker's fee:Not applicable.
21.Concrete purpose or use of the acquisition or disposal:
Our company obtained the real estate use right
asset from ��Cathay United Bank Co., Ltd.,�� as office space.
22.Any dissenting opinions of directors to the present transaction:
Not applicable.
23.Whether the counterparty of the current transaction is a
related party:Yes.
24.Date of the board of directors resolution:NA
25.Date of ratification by supervisors or approval by
the audit committee:NA
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:Not applicable.
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:Not applicable.
29.Any other matters that need to be specified:None.

Disclaimer

Cathay Financial Holding Co. Ltd. published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 09:35:04 UTC.


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Financials
Sales 2021 660 B 23 910 M 23 910 M
Net income 2021 132 B 4 800 M 4 800 M
Net Debt 2021 - - -
P/E ratio 2021 6,78x
Yield 2021 5,14%
Capitalization 881 B 31 903 M 31 933 M
Capi. / Sales 2021 1,34x
Capi. / Sales 2022 1,39x
Nbr of Employees 58 000
Free-Float -
Chart CATHAY FINANCIAL HOLDING CO., LTD.
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Cathay Financial Holding Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends CATHAY FINANCIAL HOLDING CO., LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 66,90 TWD
Average target price 67,99 TWD
Spread / Average Target 1,63%
EPS Revisions
Managers and Directors
Chang Keng Li President & Director
Yan Ju Chen CFO & First Deputy Spokesman
Hong Tu Tsai Chairman
Chia-Sheng Chang Chief Information Officer
Sophia Cheng Chief Investment Officer
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