Cathay Life Insurance Co. Ltd.,the redemption of Paradigm J-REITs Security Fund
2008-05-15
1.Name and nature of the subject matter (if preferred shares,the terms and
conditions of issuance shall also be indicated,e.g.dividend yield):
Paradigm J-REITs Security Fund
2.Date of occurrence of the event:2008/05/15
3.Volume, unit price, and total monetary amount of the transaction:
Volume:1,530,221.9;Unit price:NT$8.79;Total monetary amount:NT$13,450,651
4.Counterpart to the trade and its relationship to the Company(if the
trading counterpart is a natural person and furthermore is not an actual
related party of the Company, the name of the trading counterpart is not
required to be disclosed):Paradigm Asset Management Co., Ltd., N/A
5.Where the counterpart to the trade is an actual related party,a public
announcement shall also be made of the reason for choosing the related
party as trading counterpart and the identity of the previous owner
(including its relationship with the company and the trading counterpart),
price of transfer, and date of acquisition:N/A
6.Where a person who owned the property within the past five years has been
an actual related person of the company, a public announcement shall also
include the dates and prices of acquisition and disposal by the related
person and the person’s relationship to the company at those times:N/A
7.Matters related to the creditor's rights currently being disposed of
(including types of collateral of the disposed creditor's rights;if the
creditor's rights are creditor's rights toward a related person, the name
of the related person and the book amount of the creditor's rights toward
such related person currently being disposed of must also be announced):N/A
8.Anticipated profit or loss from the disposal (not applicable in cases of
acquisition of securities) (where originally deferred, the status or
recognition shall be stated and explained):Anticipated loss NT$6,549,349
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important
stipulations:Lump-sum payment; payment date:2008/5/22 ; monetary amount:
NT$13,450,651; N/A
10.The manner in which the current transaction was decided, the reference
basis for the decision on price, and the decision-making department:
The manner of the redemption is decided by T+1 (5/16) NAV
The reference basis for the decision on price is daily NAV provided by
Paradigm Asset Management Co., Ltd.
The decision-making department is the Finance Operating Committee.
11.Current cumulative volume, amount, and shareholding percentage of
holdings of the security being traded (including the current trade) and
status of any restriction of rights (e.g.pledges):
Current cumulative volume:0
Current cumulative amount:NT$0
Percentage of holdings:0%
Restriction of rights:N/A
12.Current ratio of private placement of securities (including the current
trade) to the total assets and shareholder's equity as shown in the most
recent financial statement and the operating capital as shown in the most
recent financial statement:
Ratio to the total assets and shareholder's equity:0.97%, 21.91%
The operating capital:NT$546,591,492,000
13.Concrete purpose or use of the acquisition or disposition:In compliance
with Insurance Law, legal use of the insurnce funds
14.The discrepancy between the reference price of private placement and the
transaction amount per share is 20 percent or more of the transaction
amount:N/A
15.Net worth per share of company underlying securities acquired or disposed
of:NT$8.79
16.Do the directors have any objection to the present transaction?:N/A
