Cathay Financial Holding Announces Subsidiary Cathay Life Insurance to Participate in Lujiazui Cathay Life's RMB 1 Billion Cash Capital Increase Proportionately
Cathay Financial Holding announced that its subsidiary, Cathay Life Insurance, will participate in Lujiazui Cathay Life Insurance Co., Ltd.'s cash capital increase, investing RMB 1 billion (50% of the total new capital). This investment aims to strengthen Lujiazui Cathay Life's capital structure and business development in China.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 09:14 (1h 14m after Collected)
1. Date of occurrence of the event: From 2026/04/28 to 2026/04/28.
2. Method of this new (decrease) investment:
Direct investment in a mainland China company.
3. Date of board of directors' resolution: April 28, 2026 (Republic of China calendar).
4. Other approval dates: Not applicable.
5. Quantity of transaction units, price per unit, and total transaction amount:
RMB 1 billion (The mainland investee company plans to increase capital by RMB 2 billion this time, and our company subscribes to 50%).
6. Name of the mainland investee company:
Lujiazui Cathay Life Insurance Co., Ltd.
7. Paid-in capital of the aforementioned mainland investee company:
RMB 3 billion.
8. Planned new capital of the aforementioned mainland investee company:
RMB 2 billion, our company subscribes to 50% (RMB 1 billion).
9. Main business scope of the aforementioned mainland investee company:
Life insurance.
10. Type of accountant's opinion on the most recent annual financial statements of the aforementioned mainland investee company:
Unqualified opinion.
11. Total equity of the most recent annual financial statements of the aforementioned mainland investee company:
RMB 4,380,801 thousand.
12. Net profit/loss of the most recent annual financial statements of the aforementioned mainland investee company:
RMB 131,203 thousand.
13. As of now, the actual investment amount in the aforementioned mainland investee company:
TWD 6,748,578 thousand.
14. Counterparty to the transaction and its relationship with the company:
Investee company (equity participation).
15. If the counterparty is a related party, the reason for selecting the related party as the transaction counterparty, the previous owner of the transferred asset, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transfer amount should also be announced: Not applicable.
16. If the owner of the transaction subject matter has been a related party of the company within the past five years, the date of acquisition and disposal, price, and relationship with the company at the time of the transaction by the related party should also be announced: Not applicable.
17. Gain (or loss) on disposal: Not applicable.
18. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
RMB 1 billion paid in a single lump sum.
19. Method of determining this transaction, basis for price determination, and decision-making unit:
Cathay Life Insurance Board of Directors.
20. Broker: None.
21. Specific purpose of acquisition or disposal:
To strengthen the capital structure and business development of the investee company.
22. Opinions of dissenting directors on this transaction: None.
23. Is this transaction a related party transaction: Yes.
24. Date of approval by supervisors or audit committee:
1. April 28, 2026 (Republic of China calendar).
25. As of now, the total amount of investments approved by the Investment Commission to mainland China (including this investment):
Approximately TWD 21,583,676 thousand.
26. As of now, the ratio of the total amount of investments approved by the Investment Commission to mainland China (including this investment) to the paid-in capital in the most recent financial statements:
34.0%.
27. As of now, the ratio of the total amount of investments approved by the Investment Commission to mainland China (including this investment) to the total assets in the most recent financial statements:
0.24%.
28. As of now, the ratio of the total amount of investments approved by the Investment Commission to mainland China (including this investment) to the owners' equity attributable to the parent company in the most recent financial statements:
2.9%.
29. As of now, the total actual investment amount in mainland China:
Approximately TWD 16,915,676 thousand.
30. As of now, the ratio of the total actual investment amount in mainland China to the paid-in capital in the most recent financial statements:
26.6%.
31. As of now, the ratio of the total actual investment amount in mainland China to the total assets in the most recent financial statements:
0.19%.
32. As of now, the ratio of the total actual investment amount in mainland China to the owners' equity attributable to the parent company in the most recent financial statements:
2.3%.
33. Profit/loss recognized from mainland investments over the past three fiscal years:
2025: TWD 225,454 thousand
2024: TWD -50,643 thousand
2023: TWD 147,484 thousand
34. Amount of profits remitted back over the past three fiscal years:
2025: TWD 0
2024: TWD 0
2023: TWD 0
35. Does the accountant issue an unreasonable opinion on this transaction: No.
36. Name of accounting firm: Not applicable.
37. Name of accountant: Not applicable.
38. Accountant's license number: Not applicable.
39. Date of previous material information announcement regarding the same event: Not applicable.
40. Other explanations:
This transaction will proceed after obtaining approvals from the Financial Supervisory Commission's Insurance Bureau and the Ministry of Economic Affairs' Investment Commission.
2. Method of this new (decrease) investment:
Direct investment in a mainland China company.
3. Date of board of directors' resolution: April 28, 2026 (Republic of China calendar).
4. Other approval dates: Not applicable.
5. Quantity of transaction units, price per unit, and total transaction amount:
RMB 1 billion (The mainland investee company plans to increase capital by RMB 2 billion this time, and our company subscribes to 50%).
6. Name of the mainland investee company:
Lujiazui Cathay Life Insurance Co., Ltd.
7. Paid-in capital of the aforementioned mainland investee company:
RMB 3 billion.
8. Planned new capital of the aforementioned mainland investee company:
RMB 2 billion, our company subscribes to 50% (RMB 1 billion).
9. Main business scope of the aforementioned mainland investee company:
Life insurance.
10. Type of accountant's opinion on the most recent annual financial statements of the aforementioned mainland investee company:
Unqualified opinion.
11. Total equity of the most recent annual financial statements of the aforementioned mainland investee company:
RMB 4,380,801 thousand.
12. Net profit/loss of the most recent annual financial statements of the aforementioned mainland investee company:
RMB 131,203 thousand.
13. As of now, the actual investment amount in the aforementioned mainland investee company:
TWD 6,748,578 thousand.
14. Counterparty to the transaction and its relationship with the company:
Investee company (equity participation).
15. If the counterparty is a related party, the reason for selecting the related party as the transaction counterparty, the previous owner of the transferred asset, the relationship between the previous owner and the company and the counterparty, the date of the previous transfer, and the transfer amount should also be announced: Not applicable.
16. If the owner of the transaction subject matter has been a related party of the company within the past five years, the date of acquisition and disposal, price, and relationship with the company at the time of the transaction by the related party should also be announced: Not applicable.
17. Gain (or loss) on disposal: Not applicable.
18. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
RMB 1 billion paid in a single lump sum.
19. Method of determining this transaction, basis for price determination, and decision-making unit:
Cathay Life Insurance Board of Directors.
20. Broker: None.
21. Specific purpose of acquisition or disposal:
To strengthen the capital structure and business development of the investee company.
22. Opinions of dissenting directors on this transaction: None.
23. Is this transaction a related party transaction: Yes.
24. Date of approval by supervisors or audit committee:
1. April 28, 2026 (Republic of China calendar).
25. As of now, the total amount of investments approved by the Investment Commission to mainland China (including this investment):
Approximately TWD 21,583,676 thousand.
26. As of now, the ratio of the total amount of investments approved by the Investment Commission to mainland China (including this investment) to the paid-in capital in the most recent financial statements:
34.0%.
27. As of now, the ratio of the total amount of investments approved by the Investment Commission to mainland China (including this investment) to the total assets in the most recent financial statements:
0.24%.
28. As of now, the ratio of the total amount of investments approved by the Investment Commission to mainland China (including this investment) to the owners' equity attributable to the parent company in the most recent financial statements:
2.9%.
29. As of now, the total actual investment amount in mainland China:
Approximately TWD 16,915,676 thousand.
30. As of now, the ratio of the total actual investment amount in mainland China to the paid-in capital in the most recent financial statements:
26.6%.
31. As of now, the ratio of the total actual investment amount in mainland China to the total assets in the most recent financial statements:
0.19%.
32. As of now, the ratio of the total actual investment amount in mainland China to the owners' equity attributable to the parent company in the most recent financial statements:
2.3%.
33. Profit/loss recognized from mainland investments over the past three fiscal years:
2025: TWD 225,454 thousand
2024: TWD -50,643 thousand
2023: TWD 147,484 thousand
34. Amount of profits remitted back over the past three fiscal years:
2025: TWD 0
2024: TWD 0
2023: TWD 0
35. Does the accountant issue an unreasonable opinion on this transaction: No.
36. Name of accounting firm: Not applicable.
37. Name of accountant: Not applicable.
38. Accountant's license number: Not applicable.
39. Date of previous material information announcement regarding the same event: Not applicable.
40. Other explanations:
This transaction will proceed after obtaining approvals from the Financial Supervisory Commission's Insurance Bureau and the Ministry of Economic Affairs' Investment Commission.