Amendment of Right-of-Use Assets with Cathay Life Insurance Co., Ltd.
Original: 本公司向國泰人壽保險股份有限公司變更使用權資產
Summary
Cathay Financial Holdings announced a modification to right-of-use (ROU) assets in connection with Cathay Life Insurance Co., Ltd., a wholly-owned subsidiary. Under IFRS 16, ROU asset changes typically arise from lease modifications, early terminations, or remeasurement of existing lease arrangements between related parties. Full body available on MOPS — investors should review the filing for the specific assets affected, effective date, and any balance-sheet impact.
Full Translation
Subject line (verbatim translation): 'The Company amends/modifies right-of-use assets with Cathay Life Insurance Co., Ltd.' — Cathay Financial Holdings (the parent holding company) is disclosing a change to right-of-use assets held in relation to Cathay Life Insurance Co., Ltd. (國泰人壽保險股份有限公司), its core life-insurance subsidiary. Right-of-use assets are recognised under IFRS 16 when a company controls the use of an identified asset through a lease; a 'change' (變更) typically indicates a lease modification, remeasurement triggered by changed lease terms, a scope addition or reduction, or an early termination of the underlying lease contract. Because the counterparty is a related-party subsidiary, this transaction falls within the regulated related-party disclosure framework under TWSE listing rules. [Body not available — subject line only. See MOPS for full announcement.]