Cathay Financial Holdings: Announcement by Cathay United Bank on Acquiring Right-of-Use Asset from Cathay Life Insurance Co., Ltd. (Supplement to 2025/11/06 Announcement)
Cathay United Bank, a subsidiary of Cathay Financial Holdings, announced the acquisition of a right-of-use asset from Cathay Life Insurance Co., Ltd. for a property located in Songshan District, Taipei. The total transaction amount is NT$110,184,648, and it is for business operation and management purposes. This announcement supplements a previous one from November 6, 2025, with a minor adjustment to the leased area.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:30 (1h 30m after Collected)
1. Name and nature of the underlying asset (e.g., land parcel XX, section XX, sub-section XX, Taichung City North District):
1F and 8F A2, No. 132, Section 3, Minsheng East Road, Songshan District, Taipei City
2. Date of occurrence of the event: 2026/05/12~2026/05/12
3. Date of approval by the Board of Directors: Not applicable
4. Other approval dates:
Approval level: Department Head Approval
May 12, 2026
5. Transaction unit quantity (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Transaction unit quantity: 363.31 ping (including public facilities) (Updated)
Price per unit right-of-use asset: NT$303,280/ping (Updated)
Total right-of-use asset amount: NT$110,184,648 (Updated)
6. Counterparty to the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparty: Cathay Life Insurance Co., Ltd.
Relationship with the company: Related party
7. If the counterparty is a related party, the reason for selecting the related party as the transaction counterparty, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount shall also be announced:
Reason for selecting related party as transaction counterparty: The acquisition of this right-of-use asset is due to the bank's business needs, for operational management purposes.
Previous transfer information: 1F and 8F A2, No. 132, Section 3, Minsheng East Road, Songshan District, Taipei City / Constructed by Cathay Life / Building registration completed on January 30, 2026
8. If the owner of the transaction asset within the past five years was a related party of the company, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction of the related party shall also be announced:
Not applicable
9. Estimated disposal gain (or loss) (not applicable for asset acquisition) (deferred items shall be listed and explained for recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements:
March 1, 2026 ~ May 31, 2031, total amount NT$110,184,648
11. Method of determining this transaction (e.g., tender, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction: Negotiation between both parties
Reference basis for price determination: Reference to appraisal data from professional appraisal institutions
Decision-making unit: Management department authorized by the Board of Directors to handle in accordance with internal management regulations
12. Name of professional appraiser firm or company and its appraisal amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Professional appraiser's license number:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price: No or Not applicable
16. Has the appraisal report not yet been obtained: No or Not applicable
17. Reason for not yet obtaining appraisal report:
Not applicable
18. If there is a material difference in the appraisal results, the reasons for the difference and the CPA's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of CPA:
Not applicable
21. CPA's license number:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of acquisition or disposal:
The acquisition of this right-of-use asset is due to the bank's business needs, for operational management purposes.
24. Opinions of directors who expressed dissent to this transaction:
Not applicable
25. This transaction is a related party transaction: Yes
26. Date of approval by supervisors or audit committee:
Not applicable
27. This transaction is the acquisition of real estate or its right-of-use asset from a related party: Yes
28. Price evaluated according to Article 16 of the \"Regulations Governing the Acquisition or Disposal of Assets by Publicly Issued Companies\": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of previous material information announcement on the same event: 2025/11/06
31. Other matters to be specified:
This supplementary announcement is for a change in the original lease agreement (leased area reduced from original 363.34 ping to 363.31 ping) (Updated)
1F and 8F A2, No. 132, Section 3, Minsheng East Road, Songshan District, Taipei City
2. Date of occurrence of the event: 2026/05/12~2026/05/12
3. Date of approval by the Board of Directors: Not applicable
4. Other approval dates:
Approval level: Department Head Approval
May 12, 2026
5. Transaction unit quantity (e.g., XX square meters, equivalent to XX ping), price per unit, and total transaction amount:
Transaction unit quantity: 363.31 ping (including public facilities) (Updated)
Price per unit right-of-use asset: NT$303,280/ping (Updated)
Total right-of-use asset amount: NT$110,184,648 (Updated)
6. Counterparty to the transaction and its relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparty: Cathay Life Insurance Co., Ltd.
Relationship with the company: Related party
7. If the counterparty is a related party, the reason for selecting the related party as the transaction counterparty, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount shall also be announced:
Reason for selecting related party as transaction counterparty: The acquisition of this right-of-use asset is due to the bank's business needs, for operational management purposes.
Previous transfer information: 1F and 8F A2, No. 132, Section 3, Minsheng East Road, Songshan District, Taipei City / Constructed by Cathay Life / Building registration completed on January 30, 2026
8. If the owner of the transaction asset within the past five years was a related party of the company, the acquisition and disposal dates, prices, and relationship with the company at the time of the transaction of the related party shall also be announced:
Not applicable
9. Estimated disposal gain (or loss) (not applicable for asset acquisition) (deferred items shall be listed and explained for recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contract restriction clauses, and other important agreements:
March 1, 2026 ~ May 31, 2031, total amount NT$110,184,648
11. Method of determining this transaction (e.g., tender, price comparison, or negotiation), reference basis for price determination, and decision-making unit:
Method of determining this transaction: Negotiation between both parties
Reference basis for price determination: Reference to appraisal data from professional appraisal institutions
Decision-making unit: Management department authorized by the Board of Directors to handle in accordance with internal management regulations
12. Name of professional appraiser firm or company and its appraisal amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. Professional appraiser's license number:
Not applicable
15. Is the appraisal report a limited price, specific price, or special price: No or Not applicable
16. Has the appraisal report not yet been obtained: No or Not applicable
17. Reason for not yet obtaining appraisal report:
Not applicable
18. If there is a material difference in the appraisal results, the reasons for the difference and the CPA's opinion:
Not applicable
19. Name of accounting firm:
Not applicable
20. Name of CPA:
Not applicable
21. CPA's license number:
Not applicable
22. Broker and brokerage fees:
Not applicable
23. Specific purpose or use of acquisition or disposal:
The acquisition of this right-of-use asset is due to the bank's business needs, for operational management purposes.
24. Opinions of directors who expressed dissent to this transaction:
Not applicable
25. This transaction is a related party transaction: Yes
26. Date of approval by supervisors or audit committee:
Not applicable
27. This transaction is the acquisition of real estate or its right-of-use asset from a related party: Yes
28. Price evaluated according to Article 16 of the \"Regulations Governing the Acquisition or Disposal of Assets by Publicly Issued Companies\": Not applicable
29. If the price evaluated in the preceding item is lower than the transaction price, the price evaluated according to Article 17 of the same regulations: Not applicable
30. Date of previous material information announcement on the same event: 2025/11/06
31. Other matters to be specified:
This supplementary announcement is for a change in the original lease agreement (leased area reduced from original 363.34 ping to 363.31 ping) (Updated)