Today's Information

Provided by: CATHAY FINANCIAL HOLDING CO., LTD.
SEQ_NO 2 Date of announcement 2021/11/30 Time of announcement 17:21:32
Subject 
 Announced by Cathay Financial Holdings on behalf
of Cathay Futures Co., Ltd to obtain the right-of-use
assets of Cathay Life Insurance Co., Ltd.
Date of events 2021/11/30 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 Life Insurance Co., Ltd.
Rm. B2, 5F., No. 335, & Rm. A2, 19F., No. 333, Sec. 2, Dunhua S. Rd.,
Da'an Dist., Taipei City.
2.Date of occurrence of the event:2021/11/30
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Number of trading units: Office 196.28 pings.
Asset price per unit of right to use: 74,457 yuan/ping.
Right-of-use asset amount: 14,614,326 yuan.
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 Life Insurance Co., Ltd., a related party of Cathay Futures 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:
The reason for choosing the related party as trading counterpart :
Cathay Futures Co., Ltd. has rented the subject matter from Cathay Life
Insurance Co., Ltd. since Aug 1, 2015 and will continue renting it for
office or business purpose.
The identity of the previous owner (including its relationship with the
company and the trading counterpart), price of transfer and the date of
acquisition : Not applicable.
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 once a month.
2.Total amount: 15,699,303 yuan
Office lease period: 36 months
Contract restrictions and other important agreements: 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:
The manner of deciding on this transaction�GThe price of the lease.
Reference basis for price determination: Refer to valuation materials
of professional appraisal agencies.
Decision-making unit: According to the company's approval authority.
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:The subject
matter will be used as an office or business place.
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:Not applicable.
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:No

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Cathay Financial Holding Co. Ltd. published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2021 09:40:05 UTC.