[CTBC Financial] Subsidiary China Trust Asset Management announces disposal of right-of-use assets to a related party (Supplement to 12/30/2025 announcement)
China Trust Asset Management, a subsidiary of CTBC Financial Holding, is partially terminating its office lease in Nangang District, Taipei, with its related party, CTBC Bank. This move reduces the monthly rent from 217,236 TWD to 134,297 TWD and is expected to result in a disposal loss of 82,939 TWD.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 24, 2026 at 05:26 (21h 26m after Collected)
## Target Property
Partial office space on the 19th and 29th floors of No. 168, Jingmao 2nd Road, Nangang District, Taipei City.
## Date of Occurrence
May 22, 2026
## Authorization Level
Chairman approved (May 15, 2026)
## Transaction Details
1. Leased area: 58.39 pings at 2,300 TWD per ping/month.
2. Leased area changed from 31.26 pings to 0 pings, at 2,450 TWD per ping/month.
3. Leased area changed from 2.68 pings to 0 pings, at 2,370 TWD per ping/month.
## Change in Rent and Total Amount
- Monthly rent: Changed from 217,236 TWD to 134,297 TWD.
- Total transaction amount: Changed from 5,213,664 TWD to 2,551,643 TWD.
## Purpose of Transaction
- Partial lease termination requested by the original lessee (China Trust Asset Management).
- Early termination of the office space lease at No. 168, Jingmao 2nd Road, Nangang District, Taipei City (29th floor, 33.94 pings).
## Profit/Loss on Disposal
- Expected disposal loss: 82,939 TWD.
## Payment Terms and Lease Period
- Payment: 402,891 TWD every three months.
- Period: January 1, 2026 to December 31, 2027.
## Additional Information
- Supplementary information to the major announcement released on December 30, 2025.
Partial office space on the 19th and 29th floors of No. 168, Jingmao 2nd Road, Nangang District, Taipei City.
## Date of Occurrence
May 22, 2026
## Authorization Level
Chairman approved (May 15, 2026)
## Transaction Details
1. Leased area: 58.39 pings at 2,300 TWD per ping/month.
2. Leased area changed from 31.26 pings to 0 pings, at 2,450 TWD per ping/month.
3. Leased area changed from 2.68 pings to 0 pings, at 2,370 TWD per ping/month.
## Change in Rent and Total Amount
- Monthly rent: Changed from 217,236 TWD to 134,297 TWD.
- Total transaction amount: Changed from 5,213,664 TWD to 2,551,643 TWD.
## Purpose of Transaction
- Partial lease termination requested by the original lessee (China Trust Asset Management).
- Early termination of the office space lease at No. 168, Jingmao 2nd Road, Nangang District, Taipei City (29th floor, 33.94 pings).
## Profit/Loss on Disposal
- Expected disposal loss: 82,939 TWD.
## Payment Terms and Lease Period
- Payment: 402,891 TWD every three months.
- Period: January 1, 2026 to December 31, 2027.
## Additional Information
- Supplementary information to the major announcement released on December 30, 2025.
FAQ
What is the purpose of CTBC Asset Management's lease termination?
To reduce costs and optimize asset utilization by partially vacating office space in Nangang District, Taipei.
What is the pricing basis for this transaction?
It is based on the early termination terms of the existing office lease agreement.
What is the reason for the disposal loss?
It is an accounting expense recognized due to the modification of the lease contract terms, amounting to 82,939 TWD.