CTBC Holding announces the status of funds obtained from capital reduction of NTD 3 billion by its subsidiary company, CTBC Asset Management

1.Date of occurrence of the event:2022/01/27

2.Company name:CTBC Financial Holding Co., Ltd

3.Relationship to the Company (please enter ”head office” or

  ”subsidiaries”):Head office

4.Reciprocal shareholding ratios:N/A

5.Cause of occurrence:The application for NTD 3 billion capital reduction by

CTBC Asset Management Co., Ltd., the subsidiary of CTBC Financial Holding

Co., Ltd. ,was approved by Financial Supervisory Commission with document

No. 1100215013 on Jul 1, 2021. According to the Paragraph 2, Article 5

of”Regulations Governing the Capital Reduction at the Subsidiaries of a

Financial Holding Company”, the financial holding company should submit

the capital operation status to M.O.P.S.(Market Observation Post System)

within ten days after the task is performed.

6.Countermeasures:

(1)The use of funds:

To increase working capital and to enhance the efficiency of using of

capital for long term business development.

(2) Status:

Estimated amount to be used: NTD 3 billion

Actual amount used: NTD 3 billion

(3) Execution plan progress:

Estimated progress: 100%

Actual progress: 100%

(4) The plan has been completed on 2022/1/27. NTD 2.1 billion was used to

increase working capital and NTD 0.9 billion was used to invest

in CTBC Venture Capital Co., Ltd. in January.

7.Any other matters that need to be specified:None