Acquisition of Right-of-Use Assets from Related Parties
Original: 公告本公司向關係人取得使用權資產
Summary
CTBC Financial Holding Co. has announced the acquisition of right-of-use assets (lease arrangements recognised under IFRS 16) from one or more related parties. Because the counterparties are affiliated entities, the transaction triggers Taiwan's related-party disclosure requirements. Full body available on MOPS.
Full Translation
Subject-line translation: 'Announcement that the Company has acquired right-of-use assets from related parties.' In accounting terms, right-of-use (ROU) assets arise when a lessee enters a lease contract and recognises the asset on its balance sheet under IFRS 16. The involvement of related parties (關係人) — entities affiliated with CTBC Financial through ownership or management ties — makes this a reportable related-party transaction under Taiwan Stock Exchange and FSC disclosure rules, requiring public announcement regardless of the transaction's size. Investors should review the full filing on MOPS for details including the identity of the related party, the nature and term of the lease, the recognised ROU asset value, and whether audit committee or board approval was obtained. [Body not available — subject line only. See MOPS for full announcement.]