2882 Cathay Financial Holdings

Disclosure Date: 1150627
Statement Date: 1150626
Statement Time: 171112
Company Code: 2882
Company Name: Cathay Financial Holdings
Subject: Announcement on behalf of subsidiary Cathay Securities regarding the acquisition of a right-of-use asset from Cathay Life Insurance Co., Ltd.
Compliance Clause: Clause 20
Factual Date: 1150626
Details:
1. Name and nature of the subject asset (e.g., land located at Section XX, Subsection XX, North District, Taichung City):
Cathay Life Insurance Co., Ltd.
Advertising signboard at No. 68, Section 5, Zhongxiao East Road, Xinyi District, Taipei City
2. Factual Date: 115/6/26 ~ 115/6/26
3. Board Approval Date: Not applicable
4. Other Approval Dates:
Approval Level: Approved by General Manager
Date: June 26, 115 (Minguo Calendar)
5. Quantity of transaction units (e.g., XX square meters, equivalent to XX ping), unit price, and total transaction amount:
1. Quantity: 1 advertising signboard
2. Unit price of right-of-use asset: NT$1,032,837
3. Total amount of right-of-use asset: NT$1,032,837
6. Counterparty and its relationship with the company (if the counterparty is a natural person and not a related party of the company, name disclosure may be omitted):
Counterparty: Cathay Life Insurance Co., Ltd.
Relationship with the company: Related party
7. If the counterparty is a related party, state the reason for selecting the related party as the transaction counterparty, the previous transferor, the relationship among the previous transferor, the company, and the counterparty, the previous transfer date, and the transfer amount:
Reason for selecting related party: Meets the company's advertising identification and operational needs
Previous transferor: Not applicable
Previous transfer date: Not applicable
Previous transfer amount: Not applicable
8. If the ownership of the subject asset was held by a related party of the company within the past five years, disclose the related party's acquisition and disposal dates, price, and relationship with the company at the time:
Not applicable
9. Estimated gain (or loss) on disposal (not applicable for asset acquisition) (if deferred, list and explain recognition status):
Not applicable
10. Delivery or payment terms (including payment period and amount), contractual restrictions, and other important agreements:
Delivery or payment terms:
1. Rent paid monthly
2. Total amount: NT$1,050,000
3. Lease term: 1 year and 8 months
4. Contractual restrictions and other important agreements: None
11. Method of determining this transaction (e.g., bidding, comparison, negotiation), reference basis for price determination, and decision-making unit:
Method of determination: Rental price
Reference basis for price determination: Lease terms of other tenants
Decision-making unit: According to the company's approval authority
12. Name of professional appraiser firm or company and appraisal amount:
Not applicable
13. Name of professional appraiser:
Not applicable
14. License number of professional appraiser:
Not applicable
15. Whether the appraisal report is for a limited price, specific price, or special price: No or not applicable
16. Whether the appraisal report has not yet been obtained: No or not applicable
17. Reason for not obtaining the appraisal report:
Not applicable
18. Reasons for significant differences in appraisal results and auditor's opinion:
Not applicable
19. Name of auditor firm:
Not applicable
20. Name of auditor:
Not applicable
21. License number of auditor:
Not applicable
22. Broker and brokerage fee:
Not applicable
23. Specific purpose or use of acquisition or disposal:
The company acquires the right-of-use asset from Cathay Life Insurance Co., Ltd. for the purpose of installing the company's corporate identity signage at the Xinyi Branch Office.
24. Opinions of directors who objected to this transaction:
Not applicable
25. This transaction is a related-party transaction: Yes
26. Date of supervisor approval or audit committee consent:
Not applicable, handled in accordance with Article 2 of the 'Regulations on the Acquisition or Disposition of Assets by Publicly Issued Companies,' Article 45 of the 'Financial Holding Company Act,' and the company's 'Management Policy and Internal Operating Procedures for Transactions with Interested Parties Other Than Credit Extensions.'
27. This transaction involves acquiring real estate or its right-of-use asset from a related party: Yes
28. Valuation price as assessed under Article 16 of the 'Regulations on the Acquisition or Disposition of Assets by Publicly Issued Companies': Not applicable
29. Valuation price under Article 17 of the same regulations if the price assessed under the previous item is lower than the transaction price: Not applicable
30. Previous date of material information disclosure regarding the same event: Not applicable
31. Other explanatory matters:
None