Today's Information

Provided by: CHINA DEVELOPMENT FINANCIAL HOLDING CORP.
SEQ_NO 2 Date of announcement 2022/01/13 Time of announcement 20:00:03
Subject 
 CDF on behalf of ChinaLife announces the
resolution of Investment Management Committee to acquire
CDIB Asia Secured Credit Opportunities Fund, L.P.
Date of events 2022/01/13 To which item it meets paragraph 24
Statement 
1.Name and nature of the underlying security (if preferred shares, the terms
and conditions of issuance shall also be indicated, e.g., dividend yield):
CDIB Asia Secured Credit Opportunities Fund, L.P.
2.Date of occurrence of the event:2022/01/13
3.No., unit price, and monetary amount of the transaction:No.:N/A(due to the
nature of Private Fund)
Unit price: N/A(due to the nature of Private Fund)
Total Price: USD 50,000,000 or 10.0% of the fund size, whichever is lower
4.Counterparty to the trade and its relationship to the company (if the
trading counterparty is a natural person and not a related party of the
company, its name is not required to be disclosed):Counterparty:
CDIB Asia Secured Credit Opportunities GP Ltd.
Relationship: Related Party
5.Where the counterparty to the trade is a related party, an announcement
shall also be made of the reason for choosing the related party as trading
counterparty and the identity of the previous owner, including its
relationship with the company and the trading counterparty, the price of the
ownership transfer, and date of transfer:Reason:Because of the great potential
of Asia private credit market, the company decide to invest in the fund.
previous transfer: N/A (Due to fund new launch)
6.Where the owner of the underlying securities within the past five years
has been a related party of the company, an announcement shall also include
the dates and prices of acquisition and disposal by the related party and
its relationship with the company at the time:N/A (Due to fund new launch)
7.Matters related to the creditor��s rights currently being disposed of
(including type of collateral of the disposed creditor��s rights; if the
creditor��s rights are creditor��s rights over a related party, the name of
the related party and the book amount of such creditor��s rights currently
being disposed of must also be announced):N/A
8.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:According to Limited Partnership Agreement
Capital contributions by capital call notices
10.The manner in which the current transaction was decided, the reference
basis for the decision on price, and the decision-making unit:Commit to the
Private Fund;
N/A(due to the nature of Private Fund);
The decision-making is following the authorization procedure of company
11.Net worth per share of company of the underlying securities acquired or
disposed of:N/A
12.The discrepancy between the reference price of private placement company
and the transaction amount per share is 20 percent or more:N/A
13.Current cumulative no., amount, and shareholding ratio of the securities
being traded (including the current transaction) as of the date of
occurrence and status of any restriction of rights (e.g.,pledges):Current
cumulative no.:N/A(due to the nature of Private Fund)
Amount: USD 50,000,000 or 10.0% of the fund size, whichever is lower
Percentage: no more than 10.0%
Restriction of right: None
14.Privately placed securities (including the current transaction) as a
percentage of total assets of the company and shareholder��s equity of the
parent company on the latest financial statements, and the operating capital
on the latest financial statements as of the date of occurrence:ratio of
private placement of securities to the total assets: 0.95%
ratio of private placement of securities to shareholder's equity: 13.01%
operating capital as shown in the most recent financial statement: N/A
15.Broker and broker's fee:N/A
16.Concrete purpose or use of the acquisition or disposition:In compliance
with Insurance Law, legal use of the insurance funds
17.Whether the directors expressed any objection to the present transaction:
N/A
18.Whether the trading counterparty is a related party:Yes
19.Date of approval by board of directors:will be on 2022/01/25
20.Recognition date by supervisors or approval date by audit committee:
will be on 2022/01/25
21.Whether the CPA issued an opinion on the unreasonableness of the current
transaction:No
22.Name of the CPA firm:Favorable Business Partner CPAs
23.Name of the CPA:DAI, CAI-YONG
24.License no.of the CPA:Taipei Certified Public Accountants No.3904
25.Any other matters that need to be specified:None

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CDFH – China Development Financial Holding Corp. published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 12:10:03 UTC.