【Cathay Financial Holdings】Our subsidiary Cathay Life Insurance announces acquisition of ICONIQ Strategic Partners VIII-B, L.P.
Cathay Life Insurance, a subsidiary of Cathay Financial Holdings, announced an investment of US$30 million in ICONIQ Strategic Partners VIII-B, L.P., a private equity fund. This investment is for the utilization of life insurance funds in accordance with the Insurance Act.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:12 (12 min after Collected)
1. Name and Nature of Target Object (for preferred shares, issuance conditions such as dividend rate should also be specified): ICONIQ Strategic Partners VIII-B, L.P., a private equity fund.
2. Date of Occurrence of the Event: 2026/5/8 ~ 2026/5/8.
3. Date of Board Resolution: Not applicable.
4. Other Approval Dates: Approval Level: Senior Vice President; Date: May 8, 2026.
5. Quantity of Transaction Units, Price per Unit, and Total Transaction Amount: (1) ICONIQ Strategic Partners VIII-B, L.P. is a partnership organization, with no transaction quantity or unit transaction price; (2) Total subscription amount is US$30,000,000.
6. Counterparty of the Transaction and Relationship with the Company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted): (1) ICONIQ Strategic Management, LLC; (2) Not applicable.
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 and the company and the counterparty, the previous transfer date and amount should also be announced: Not applicable.
8. If the owner of the transaction target has been a related party of the company within the past five years, the 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 receivables (including types of collateral attached to receivables, if the receivables belong to a related party, the name of the related party and the book value of the receivables disposed of should also be announced): Not applicable.
10. Disposal profit (or loss) (not applicable to acquisition of marketable securities) (deferred items should be listed and explained): Not applicable.
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: (1) Payments made progressively according to fund disbursement notices. (2) According to the fund agreement.
12. Method of Determining this Transaction, Reference Basis for Price Determination, and Decision-Making Unit: (1) Participating in the subscription of a newly established fund. (2) Partnership funds have no unit price. (3) According to the company's approval authority.
13. Net value per share of the acquired or disposed marketable securities target company: Not applicable.
14. As of now, the accumulated quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transaction's securities (including this transaction): (1) The fund is a partnership, with no transaction quantity; (2) US$30,000,000; (3) Approximately 0.52%; (4) None.
15. As of now, the investment in marketable securities listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' (including this transaction) as a percentage of the company's most recent financial report's total assets and owners' equity attributable to the parent company, and the working capital amount in the most recent financial report: (1) Ratio to total assets: 73.48%; (2) Ratio to owners' equity: 882.05%; (3) Working capital in the most recent financial report is NT$355.776 billion.
16. Broker and Brokerage Fees: Not applicable.
17. Specific Purpose or Use of Acquisition or Disposal: For the utilization of life insurance funds in accordance with the Insurance Act.
18. Opinions of dissenting directors on this transaction: None.
19. Is this transaction a related party transaction: No.
20. Date of approval by supervisors or audit committee: Not applicable.
21. Accountant's opinion on this transaction being unreasonable: No.
22. Accounting firm name: Cheng Pin United Certified Public Accountants.
23. Accountant name: Lai Ming-Yang.
24. Accountant's certificate number: Taipei City Certificate No. 2123.
25. Does it involve a change in business model: No.
26. Explanation of business model change: Not applicable.
27. Transaction status with the counterparty in the past year and estimated next year: Not applicable.
28. Source of funds: Usable funds of the insurance industry.
29. Date of previous significant announcement on the same event: Not applicable.
30. Other explanatory matters: USD:TWD = 1:31.409. Keyword: Material Information.
2. Date of Occurrence of the Event: 2026/5/8 ~ 2026/5/8.
3. Date of Board Resolution: Not applicable.
4. Other Approval Dates: Approval Level: Senior Vice President; Date: May 8, 2026.
5. Quantity of Transaction Units, Price per Unit, and Total Transaction Amount: (1) ICONIQ Strategic Partners VIII-B, L.P. is a partnership organization, with no transaction quantity or unit transaction price; (2) Total subscription amount is US$30,000,000.
6. Counterparty of the Transaction and Relationship with the Company (if the counterparty is a natural person and not a related party of the company, disclosure of their name may be omitted): (1) ICONIQ Strategic Management, LLC; (2) Not applicable.
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 and the company and the counterparty, the previous transfer date and amount should also be announced: Not applicable.
8. If the owner of the transaction target has been a related party of the company within the past five years, the 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 receivables (including types of collateral attached to receivables, if the receivables belong to a related party, the name of the related party and the book value of the receivables disposed of should also be announced): Not applicable.
10. Disposal profit (or loss) (not applicable to acquisition of marketable securities) (deferred items should be listed and explained): Not applicable.
11. Delivery or Payment Terms (including payment period and amount), Contractual Restrictions, and Other Important Agreements: (1) Payments made progressively according to fund disbursement notices. (2) According to the fund agreement.
12. Method of Determining this Transaction, Reference Basis for Price Determination, and Decision-Making Unit: (1) Participating in the subscription of a newly established fund. (2) Partnership funds have no unit price. (3) According to the company's approval authority.
13. Net value per share of the acquired or disposed marketable securities target company: Not applicable.
14. As of now, the accumulated quantity, amount, shareholding ratio, and restricted rights (e.g., pledge status) of this transaction's securities (including this transaction): (1) The fund is a partnership, with no transaction quantity; (2) US$30,000,000; (3) Approximately 0.52%; (4) None.
15. As of now, the investment in marketable securities listed in Article 3 of the 'Regulations Governing the Acquisition and Disposal of Assets by Public Companies' (including this transaction) as a percentage of the company's most recent financial report's total assets and owners' equity attributable to the parent company, and the working capital amount in the most recent financial report: (1) Ratio to total assets: 73.48%; (2) Ratio to owners' equity: 882.05%; (3) Working capital in the most recent financial report is NT$355.776 billion.
16. Broker and Brokerage Fees: Not applicable.
17. Specific Purpose or Use of Acquisition or Disposal: For the utilization of life insurance funds in accordance with the Insurance Act.
18. Opinions of dissenting directors on this transaction: None.
19. Is this transaction a related party transaction: No.
20. Date of approval by supervisors or audit committee: Not applicable.
21. Accountant's opinion on this transaction being unreasonable: No.
22. Accounting firm name: Cheng Pin United Certified Public Accountants.
23. Accountant name: Lai Ming-Yang.
24. Accountant's certificate number: Taipei City Certificate No. 2123.
25. Does it involve a change in business model: No.
26. Explanation of business model change: Not applicable.
27. Transaction status with the counterparty in the past year and estimated next year: Not applicable.
28. Source of funds: Usable funds of the insurance industry.
29. Date of previous significant announcement on the same event: Not applicable.
30. Other explanatory matters: USD:TWD = 1:31.409. Keyword: Material Information.