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The board of directors approved to increase the construction budget of Urban Renewal Project of 764 and 764-1,Subsection 1,Changchun Sec.,Zhongshan Dist.,Taipei.
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1.Date of occurrence of the event:2021/10/15
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2.Company name:CHANG HWA COMMERCIAL BANK, LTD.
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3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):Head office
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4.Reciprocal shareholding ratios:NA
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5.Cause of occurrence:Due to the continuous increase in raw material prices and wages, construction costs have increased. The board of directors of CHB approved to increase the construction budget of Urban Renewal Project of 764 and 764-1,Subsection 1,Changchun Sec., Zhongshan Dist.,Taipei again on Oct. 15, 2021.
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6.Countermeasures:None
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7.Any other matters that need to be specified:The exact amount of the construction costs and contractor will be announced after the award of contract in accordance with the regulations.
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