Cathay Financial Holdings Announces Subsidiary Cathay Century Insurance's Acquisition of Right-of-Use Asset from Cathay Life Insurance
On May 20, 2026, Cathay Financial Holdings announced that its subsidiary, Cathay Century Insurance, will acquire a right-of-use asset from a related party, Cathay Life Insurance. The asset is a warehouse space in the Taoyuan Zhongshan Building in Taoyuan City. The lease term is 16 months, starting May 21, 2026. The purpose of this transaction, valued at a total of NT$256,672, is for document storage for Cathay Century Insurance's Taoyuan branch. The price was determined through negotiation between the parties, with reference to a professional appraisal.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 08:18 (18 min after Collected)
1. Name and Nature of the Asset: Taoyuan Zhongshan Building: Unit B, 13th Floor, No. 845, Zhongshan Road, Taoyuan District, Taoyuan City.
2. Date of Occurrence: May 20, 2026.
3. Board of Directors Approval Date: Not applicable.
4. Other Approval Date: Approval Level: General Manager; Date: May 20, 2026.
5. Transaction Details:
(1) Quantity: 1 warehouse unit of 24.25 ping (approx. 80.16 sq. meters). Price per ping: NT$661.5 (tax included). Monthly Rent: NT$16,042. Total Transaction Amount: NT$16,042 x 16 months = NT$256,672.
(2) Right-of-Use Asset Value: NT$253,322.
6. Counterparty and Relationship: Counterparty: Cathay Life Insurance Co., Ltd. Relationship: Related party.
7. Additional Information for Related Party Transaction: Reason for selection: New lease. Information on previous transfer: Not applicable.
8. Information on Asset Previously Owned by Related Party within 5 Years: Not applicable.
9. Estimated Gain or Loss: Not applicable (due to asset acquisition).
10. Payment Terms and Contract Restrictions: Lease Period: From May 21, 2026, to September 20, 2027 (16 months). Payment Terms: Rent of NT$16,042 to be paid monthly. Contract Restrictions: None.
11. Decision Method and Price Basis: Decision Method: Negotiation between parties. Basis for Price: Reference to appraisal data from a professional valuation institution. Decision-making Unit: According to the company's internal approval authority.
12. Professional Appraiser's Firm: Li-Yeh Real Estate Appraisers Firm.
13. Professional Appraiser's Name: Chen Hsin-Hao.
14. Appraiser's License Number: (Taipei) Gu Zi No. 000299.
15. Whether Appraisal is Limited, Specific, or Special Price: No / Not applicable.
16. Whether Appraisal Report is Not Yet Obtained: No / Not applicable.
17. Reason for Not Yet Obtaining Appraisal Report: Not applicable.
18. Discrepancies in Appraisal and Accountant's Opinion: Not applicable.
19. CPA Firm Name: Not applicable.
20. CPA Name: Not applicable.
21. CPA License Number: Not applicable.
22. Broker and Brokerage Fee: Not applicable.
23. Specific Purpose of Acquisition: The company is acquiring the right-of-use asset from Cathay Life Insurance Co., Ltd. to provide storage for insurance application and claim-related documents for its Taoyuan administrative branch.
24. Objections from Directors: None.
25. Is this a related-party transaction?: Yes.
26. Approval Date by Supervisors or Audit Committee: Not applicable.
27. Is this an acquisition of real estate or its right-of-use from a related party?: Yes.
28. Price assessment per Article 16 of relevant regulations: Not applicable.
29. Price assessment per Article 17 if the above is lower than transaction price: Not applicable.
30. Date of previous material information announcement on the same matter: Not applicable.
31. Other Remarks: None.
2. Date of Occurrence: May 20, 2026.
3. Board of Directors Approval Date: Not applicable.
4. Other Approval Date: Approval Level: General Manager; Date: May 20, 2026.
5. Transaction Details:
(1) Quantity: 1 warehouse unit of 24.25 ping (approx. 80.16 sq. meters). Price per ping: NT$661.5 (tax included). Monthly Rent: NT$16,042. Total Transaction Amount: NT$16,042 x 16 months = NT$256,672.
(2) Right-of-Use Asset Value: NT$253,322.
6. Counterparty and Relationship: Counterparty: Cathay Life Insurance Co., Ltd. Relationship: Related party.
7. Additional Information for Related Party Transaction: Reason for selection: New lease. Information on previous transfer: Not applicable.
8. Information on Asset Previously Owned by Related Party within 5 Years: Not applicable.
9. Estimated Gain or Loss: Not applicable (due to asset acquisition).
10. Payment Terms and Contract Restrictions: Lease Period: From May 21, 2026, to September 20, 2027 (16 months). Payment Terms: Rent of NT$16,042 to be paid monthly. Contract Restrictions: None.
11. Decision Method and Price Basis: Decision Method: Negotiation between parties. Basis for Price: Reference to appraisal data from a professional valuation institution. Decision-making Unit: According to the company's internal approval authority.
12. Professional Appraiser's Firm: Li-Yeh Real Estate Appraisers Firm.
13. Professional Appraiser's Name: Chen Hsin-Hao.
14. Appraiser's License Number: (Taipei) Gu Zi No. 000299.
15. Whether Appraisal is Limited, Specific, or Special Price: No / Not applicable.
16. Whether Appraisal Report is Not Yet Obtained: No / Not applicable.
17. Reason for Not Yet Obtaining Appraisal Report: Not applicable.
18. Discrepancies in Appraisal and Accountant's Opinion: Not applicable.
19. CPA Firm Name: Not applicable.
20. CPA Name: Not applicable.
21. CPA License Number: Not applicable.
22. Broker and Brokerage Fee: Not applicable.
23. Specific Purpose of Acquisition: The company is acquiring the right-of-use asset from Cathay Life Insurance Co., Ltd. to provide storage for insurance application and claim-related documents for its Taoyuan administrative branch.
24. Objections from Directors: None.
25. Is this a related-party transaction?: Yes.
26. Approval Date by Supervisors or Audit Committee: Not applicable.
27. Is this an acquisition of real estate or its right-of-use from a related party?: Yes.
28. Price assessment per Article 16 of relevant regulations: Not applicable.
29. Price assessment per Article 17 if the above is lower than transaction price: Not applicable.
30. Date of previous material information announcement on the same matter: Not applicable.
31. Other Remarks: None.