What is the main change in this announcement?

Taiwan Life has reduced leased office space and parking spots from CTBC Bank, lowering the right-of-use asset value from NT$106.3M to NT$90.6M.

Why was the right-of-use asset amount revised?

Due to reduced leased area and fewer parking spaces, the contract value was adjusted accordingly.

What is the financial impact of this change?

The company states the impact is 'not applicable,' indicating no material effect on financials.

Who is the counterparty in this lease?

CTBC Bank Co., Ltd., a related party and subsidiary of CTBC Financial Holding.

CTBC Financial Holding (Supplementary Announcement): Subsidiary Taiwan Life Insurance Amends Lease Agreement with Related Party for Right-of-Use Assets

Q: Where is the leased property located?

7th-8th floors, No. 188, Jingmao 2nd Road, Nangang District, Taipei City (CTBC Financial Park, Building B).

Published Jun 24, 2026 9:00 AM ・ Updated Jun 25, 2026 6:36 PM ・ 3 min read ・ Source: PR Times

Taiwan Life Insurance, a subsidiary of CTBC Financial Holding, has revised its lease agreement with related party CTBC Bank for office space and parking spaces. The leased area and number of parking spots have been reduced, resulting in a decrease in the right-of-use asset value from approximately NT$106.3 million to NT$90.6 million.

1. Original announcement date: 114/11/28

2. Summary of originally disclosed content: CTBC Bank Co., Ltd. (Partial premises and parking spaces in Building B of CTBC Financial Park) 7th-8th Floors, No. 188, Jingmao 2nd Road, Nangang District, Taipei City (CTBC Financial Park, Building B); Car parking spaces: 7 (CTBC Financial Park); Leased area: approximately 1,910.95 ping; 7 car parking spaces Unit price: NT$2,300 per ping for office space; NT$4,935 per parking space Rental amount: NT$4,429,730 per month. Right-of-use asset amount: NT$106,313,520.

3. Reasons for change and main revised content: CTBC Bank Co., Ltd. (Partial premises and parking spaces in Building B of CTBC Financial Park) 7th-8th Floors, No. 188, Jingmao 2nd Road, Nangang District, Taipei City (CTBC Financial Park, Building B). Car parking spaces: 6 (CTBC Financial Park) Leased area: approximately 1,532.73 ping; 6 car parking spaces Unit price: NT$2,300 per ping for office space; NT$4,935 per parking space. Rental amount: NT$3,554,889 per month. Right-of-use asset amount: NT$90,566,382.

4. Impact of the change on the company's financials and operations: Not applicable

5. Other matters to be disclosed: Announced on November 28, 114: the total contract amount was initially provisionally set at NT$106,313,520. Supplementary announcement on June 24, 115: the total contract amount has been revised to NT$90,566,382.

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Source: PR Times
Category: News
Dates in source: 114/11/28 / 115/06/24

CTBC Financial Holding (Supplementary Announcement): Subsidiary Taiwan Life Insurance Amends Lease Agreement with Related Party for Right-of-Use Assets

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