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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.
- 1.Date of occurrence of the event:2023/12/04
- 2.Company name:CHANG HWA COMMERCIAL BANK, LTD.
- 3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):Head office
- 4.Reciprocal shareholding ratios:NA
- 5.Cause of occurrence:Due to the increase in construction projects and optimization of exterior lighting, the Board of Directors of CHB approved on December 4, 2023 to increase the construction budget of the Urban Renewal Project of Changchun Section 764 and 764-1, Zhongshan District, Taipei City, to approximately NT$4,349,346,031. The ratio of rights to value of CHB is 12.54326%. The amount CHB invested in this case is approximately NT$545,549,781.
- 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.): None
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