CTBC Financial Holding Co., Ltd. announces Board resolution to submit application to FSC for investment in Shin Kong Financial Holding Co., Ltd.

1.Date of occurrence of the event:2024/08/23
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 BOD of CTBC Financial Holding Co., Ltd. has
approved the Company to submit application to FSC for investment in
Shin Kong Financial Holding Co., Ltd. The Company intends to
conduct a public tender offer to acquire 10%~51% of the common shares of
Shin Kong Financial Holding Co., Ltd. The consideration for each share
tendered is approximately 0.3132 share of CTBC Financial Holding Co., Ltd.
and NT$4.09 in cash consideration. The price for each share tendered is
approximately NT$14.55, based on the Company's average closing price of
approximately NT$33.4 per share of the past three trading days.
Conditions approved by the regulatory authorities will be submitted to the
BOD and announced after approval by the regulatory authorities is attained.
6.Countermeasures:None
7.Any other matters that need to be specified (the information disclosure
  also meets the requirements of Article 7, subparagraph 9 of the Securities
  and Exchange Act Enforcement Rules, which brings forth a significant impact
  on shareholders rights or the price of the securities on public companies.):
An additional announcement will be made after approval
by the regulatory authorities is attained.