Announcement on investing in SKFH through a public tender offer

CTBC Holding’s Board held an extraordinary meeting on Aug. 20, 2024, during which it announced plans to publicly acquire shares of Shin Kong Financial Holding, subject to regulatory approval.

In compliance with the regulations governing financial holding companies, CTBC Holding will pursue this investment through a public tender offer. The specific terms and details of the offer will be disclosed after receiving regulatory approval.

CTBC Holding's overarching goal with the investment is to facilitate its international expansion and solidify its position as a leading financial holding company in the region. This strategic acquisition is anticipated to yield significant synergies, creating value for shareholders of both CTBC Holding and Shin Kong Financial.