CTBC Financial Holding (Taiwan Life) Announces Decision to Participate in Jixian Co., Ltd. Cash Capital Increase
CTBC Financial Holding, on behalf of its subsidiary Taiwan Life Insurance Co., Ltd., announced its decision to participate in the cash capital increase of Jixian Co., Ltd. with a total investment amount of NT$450 million, to support the Kaohsiung AI intelligent incinerator BOT project.
📋 Article Processing Timeline
- 📰 Published: April 20, 2026 at 09:00
- 🔍 Collected: April 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 21, 2026 at 08:38 (38 min after Collected)
1. Name and nature of the subject matter (if it is preferred stock, also indicate the agreed terms of preferred stock issuance, such as dividend rate, etc.):
Common shares of Jixian Co., Ltd.
2. Date of occurrence: 115/4/20~115/4/20
3. Date of board of directors approval: Not applicable
4. Other approval dates:
Approval Level: General Manager's approval
April 20, 115
5. Quantity of transaction units, price per unit, and total transaction amount:
Shares: 45 million shares, NT$10 per share, total investment amount NT$450 million.
6. Counterparties and their relationship with the company (if the counterparty is a natural person and not a related party, their name may be omitted):
Jixian Co., Ltd.: Related party.
This company invests in the company using the equity method and has significant influence over it.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of previous transfer, and the transfer amount should also be announced:
(1) Reason for selecting the related party as the transaction object: To finance Jixian Co., Ltd.'s capital increase for the continuous development of the Kaohsiung AI intelligent high-efficiency incinerator BOT project business.
(2) Previous owner: Not applicable.
(3) Relationship between the previous owner, the company, and the transaction counterparty: Not applicable.
(4) Date and amount of previous transfer: Not applicable.
8. If the owner of the transaction subject has been a related party of the company within the last five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be announced:
Not applicable.
9. Matters related to the disposal of debt (including types of collateral attached to the disposed debt; if the disposed debt is owed to a related party, the name of the related party and the book value of the debt disposed of should also be announced):
Not applicable.
10. Profit (or loss) from disposal (not applicable for acquisition of securities) (deferred items should be listed to explain recognition):
Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
Delivery or payment terms: To be handled according to the contract.
Contract restrictions and other important agreements: To be handled according to the contract.
12. Method of transaction decision, reference basis for price determination, and decision-making unit:
Method of transaction decision, reference basis for price determination: To be handled according to the contract.
Decision-making unit: According to this company's approval authority.
13. Net asset value per share of the company whose securities are acquired or disposed of:
Not applicable.
14. Cumulative quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of securities held to date (including this transaction):
Parent company: Does not hold these securities.
This company: 90 million shares, NT$900 million, 45%, no restrictions.
Subsidiary: Does not hold these securities.
15. To date, the ratio of investment in securities listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Publicly Issuing Companies" (including this transaction) to total assets and equity attributable to owners of the parent company in the latest financial statements, and the amount of working capital in the latest financial statements:
Ratio to total assets 83.10%, Ratio to equity attributable to owners of the parent company 1094.90%
Working capital: Not applicable.
16. Broker and brokerage fee:
Not applicable.
17. Specific purpose or use of acquisition or disposal:
As per insurance law regulations, for the utilization of life insurance funds.
18. Opinion of dissenting directors on this transaction:
Not applicable.
19. Is this transaction a related party transaction? Yes.
20. Date of supervisor's approval or audit committee's consent:
Not applicable, handled according to the original joint venture agreement for capital increase subscription.
21. Did the accountant issue a non-reasonableness opinion on this transaction? Not applicable.
22. Name of accounting firm:
Not applicable.
23. Name of accountant:
Not applicable.
24. License number of accountant:
Not applicable.
25. Does it involve a change in the business model? No.
26. Explanation of business model change:
Not applicable.
27. Transaction situation with the counterparty in the past year and expected in the next year:
Not applicable.
28. Source of funds:
Not applicable.
29. Date of previous announcement of material information on the same event:
August 7, 114.
30. Other matters to be noted:
1. This case was approved by the Taiwan Life Board of Directors on March 28, 114, authorizing the General Manager's decision. The investment was approved by the General Manager on August 7, 114.
2. This capital increase subscription is handled in accordance with the original joint venture agreement.
Common shares of Jixian Co., Ltd.
2. Date of occurrence: 115/4/20~115/4/20
3. Date of board of directors approval: Not applicable
4. Other approval dates:
Approval Level: General Manager's approval
April 20, 115
5. Quantity of transaction units, price per unit, and total transaction amount:
Shares: 45 million shares, NT$10 per share, total investment amount NT$450 million.
6. Counterparties and their relationship with the company (if the counterparty is a natural person and not a related party, their name may be omitted):
Jixian Co., Ltd.: Related party.
This company invests in the company using the equity method and has significant influence over it.
7. If the counterparty is a related party, the reason for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner, the company, and the transaction counterparty, the date of previous transfer, and the transfer amount should also be announced:
(1) Reason for selecting the related party as the transaction object: To finance Jixian Co., Ltd.'s capital increase for the continuous development of the Kaohsiung AI intelligent high-efficiency incinerator BOT project business.
(2) Previous owner: Not applicable.
(3) Relationship between the previous owner, the company, and the transaction counterparty: Not applicable.
(4) Date and amount of previous transfer: Not applicable.
8. If the owner of the transaction subject has been a related party of the company within the last five years, the related party's acquisition and disposal dates, prices, and relationship with the company at the time of the transaction should also be announced:
Not applicable.
9. Matters related to the disposal of debt (including types of collateral attached to the disposed debt; if the disposed debt is owed to a related party, the name of the related party and the book value of the debt disposed of should also be announced):
Not applicable.
10. Profit (or loss) from disposal (not applicable for acquisition of securities) (deferred items should be listed to explain recognition):
Not applicable.
11. Delivery or payment terms (including payment period and amount), contract restrictions, and other important agreements:
Delivery or payment terms: To be handled according to the contract.
Contract restrictions and other important agreements: To be handled according to the contract.
12. Method of transaction decision, reference basis for price determination, and decision-making unit:
Method of transaction decision, reference basis for price determination: To be handled according to the contract.
Decision-making unit: According to this company's approval authority.
13. Net asset value per share of the company whose securities are acquired or disposed of:
Not applicable.
14. Cumulative quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of securities held to date (including this transaction):
Parent company: Does not hold these securities.
This company: 90 million shares, NT$900 million, 45%, no restrictions.
Subsidiary: Does not hold these securities.
15. To date, the ratio of investment in securities listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Publicly Issuing Companies" (including this transaction) to total assets and equity attributable to owners of the parent company in the latest financial statements, and the amount of working capital in the latest financial statements:
Ratio to total assets 83.10%, Ratio to equity attributable to owners of the parent company 1094.90%
Working capital: Not applicable.
16. Broker and brokerage fee:
Not applicable.
17. Specific purpose or use of acquisition or disposal:
As per insurance law regulations, for the utilization of life insurance funds.
18. Opinion of dissenting directors on this transaction:
Not applicable.
19. Is this transaction a related party transaction? Yes.
20. Date of supervisor's approval or audit committee's consent:
Not applicable, handled according to the original joint venture agreement for capital increase subscription.
21. Did the accountant issue a non-reasonableness opinion on this transaction? Not applicable.
22. Name of accounting firm:
Not applicable.
23. Name of accountant:
Not applicable.
24. License number of accountant:
Not applicable.
25. Does it involve a change in the business model? No.
26. Explanation of business model change:
Not applicable.
27. Transaction situation with the counterparty in the past year and expected in the next year:
Not applicable.
28. Source of funds:
Not applicable.
29. Date of previous announcement of material information on the same event:
August 7, 114.
30. Other matters to be noted:
1. This case was approved by the Taiwan Life Board of Directors on March 28, 114, authorizing the General Manager's decision. The investment was approved by the General Manager on August 7, 114.
2. This capital increase subscription is handled in accordance with the original joint venture agreement.