Subsidiary CTBC Leasing Acquires Right-of-Use Assets from Related Parties
Original: 代子公司中國信託資融股份有限公司 公告向關係人取得使用權資產
Summary
CTBC Financial is filing on behalf of its subsidiary CTBC Leasing Co., Ltd. (中國信託資融股份有限公司) to disclose the acquisition of right-of-use assets from related parties, which under IFRS 16 reflects the recognition of lease arrangements entered into with related-party counterparties. Related-party transactions of this nature require mandatory disclosure under Taiwan's Securities and Exchange Act and TWSE listing rules. Full details — including counterparty identity, asset description, lease terms, and transaction value — are available only in the complete filing on MOPS.
Full Translation
Filing made on behalf of subsidiary CTBC Leasing Co., Ltd. (中國信託資融股份有限公司), announcing the acquisition of right-of-use assets from related parties. 'Right-of-use assets' (使用權資產) arise under IFRS 16 when an entity enters into lease agreements and must capitalise the lessee's right to use the underlying asset over the lease term. The disclosure indicates that CTBC Leasing has entered into one or more lease transactions with related parties — entities affiliated with or controlled by CTBC Financial — creating right-of-use assets on CTBC Leasing's balance sheet alongside corresponding lease liabilities. Such related-party transactions are subject to mandatory public disclosure under Taiwan's material-information reporting regime. [Body not available — subject line only. See MOPS for full announcement.]