China Development Financial

China Development Financial

Stock Code:2883 China Development Financial 2016 Annual Report Notice to readers This English-version annual report is a summary of the Chinese version and is not an official document of the share holders’ meeting. If there is any discrepancy between the English and Chinese versions, the Chinese version shall prevail. Annual Report is available at: http://www.cdibh.com Printed on June 5, 2017 1 WorldReginfo - 47525525-f25d-4859-8ff2-3ee565b8d1ca Spokesperson Deputy Spokesperson Name: Eddy Chang Name: Janet Sheng Title: Executive Vice President Title: Executive Vice President Tel: (02)2763-8800 Tel: (02)2763-8800 Web: www.cdibh.com Web: www.cdibh.com Headquarters, Branches and Plant China Development Financial Address: No. 125, Sec. 5, Nanjing E. Rd., Taipei 10504, Taiwan Tel: (02)2753-2201 Web: www.cdibh.com Subsidiaries CDIB Capital Group Address: 11 & 12F, No. 125, Sec. 5, Nanjing E. Rd., Taipei 10504, Taiwan Tel: (02)2763-8800 Web: www.cdibank.com KGI Bank Address: No. 125, Sec. 5, Nanjing E. Rd., Taipei 10504, Taiwan Tel: (02)2171-1088 Web: www.kgibank.com KGI Securities Address: No. 700, Mingshui Rd., Taipei 10462, Taiwan Tel: (02)2181-8888 Web: www.kgi.com Stock Transfer Agent Name: The Transfer Agency Department of KGI Securities Address: 5F, No. 2, Sec. 1, ChongqingSouth Rd., Taipei 10044, Taiwan Tel: (02)2389-2999 Web: www.kgi.com Credit Rating Agency Name: Taiwan Ratings Address: 49F, No. 7, Sec. 5, XingYi Rd., Taipei 11049, Taiwan Tel: (02)8722-5800 Web: www.taiwanratings.com Auditors Auditors: Mei-Hui Wu, Cheng-Hung Kuo Accounting Firm: Deloitte & Touche Address: 12F, No. 156, Sec. 3, Ming Sheng E. Rd., Taipei 10596, Taiwan Tel: (02)2545-9988 Web: www.deloitte.com.tw Overseas Securities Exchange:None Shareholder Hotline: 0800-212-791 2 WorldReginfo - 47525525-f25d-4859-8ff2-3ee565b8d1ca Content I. LETTER TO SHAREHOLDERS......................................................................................... 8 II. COMPANY PROFILE......................................................................................................... 12 2.1 DATE OF INCORPORATION .............................................................................................. 12 2.1.1 China Development Financial Holding Corporation (CDF, or “The Company”) ....................................................................................................... 12 2.1.2 Subsidiaries ...................................................................................................... 12 2.2 COMPANY HISTORY ....................................................................................................... 12 III. CORPORATE GOVERNANCE REPORT ....................................................................... 17 3.1 ORGANIZATION ............................................................................................................. 17 3.1.1 Organization and responsibilities of key departments ..................................... 17 3.1.2 Organizational Chart ........................................................................................ 21 3.2 DIRECTORS, PRESIDENT, EXECUTIVE VICE PRESIDENTS, VICE PRESIDENT AND MANAGEMENT TEAM .................................................................................................... 22 3.2.1 Directors ........................................................................................................... 22 3.2.2 Management Team ........................................................................................... 36 3.3 REMUNERATION OF DIRECTORS, SUPERVISORS, PRESIDENT, AND VICE PRESIDENT ....... 46 3.3.1 Remuneration of Directors ............................................................................... 46 3.3.2 Remuneration of the President and Executive Vice President ......................... 49 3.3.3 Employee Remuneration .................................................................................. 51 3.3.4 Comparison of Remuneration for Directors, Presidents and Vice Presidents in the Most Recent Two Fiscal Years and Remuneration Policy for Directors, Presidents and Vice Presidents .................................................. 52 3.4 STATUS OF CORPORATE GOVERNANCE .......................................................................... 53 3.4.1 Information concerning the board of directors ................................................. 53 3.4.2 Audit Committee (or Attendance of Supervisors at Board Meetings) ............. 57 3.4.3 Items disclosed in accordance with the Corporate Governance Best-Practice Principles for Financial Holding Companies: ............................ 60 3.4.4 Corporate Governance Implementation Status and Deviations from “the Corporate Governance Best-Practice Principles for Financial Holding Companies” ...................................................................................................... 61 3.4.5 Composition, Responsibilities and Operations of the Remuneration Committee ........................................................................................................ 70 3.4.6 Corporate Social Responsibility ....................................................................... 79 3.4.7 Ethical Corporate Management ........................................................................ 86 3.4.8 Corporate Governance Guidelines and Regulations ........................................ 91 3.4.9 Other Information enabling better understanding of the Company’s corporate governance ....................................................................................... 91 3.4.10 Implementation of Internal Control System ..................................................... 92 3.4.11 Penalties imposed for violations of laws or regulations and the major deficiencies of China Development Financial Holding and its subsidiaries during the most recent two years and improvements made: ............................ 94 3.4.12 Shareholder meeting(s) and significant board resolutions during the most recent year and up to the date of publication of this annual report ................ 101 3.4.13 Major Issues of Record or Written Statements Made by Any Director Dissenting to Important Resolutions Passed by the Board of Directors: ....... 104 3.4.14 Resignation or Dismissal of the Company’s Key Individuals, Including the Chairman, President and Heads of Finance, Accounting, and Auditing) in the most recent year up to the publication date of this annual report: ....... 104 3 WorldReginfo - 47525525-f25d-4859-8ff2-3ee565b8d1ca 3.5 INFORMATION REGARDING THE COMPANY’S AUDIT FEE AND INDEPENDENCE ............ 105 3.5.1 Audit Fee ........................................................................................................ 105 3.5.2 If a change of accounting firm has taken place during the year, please divide the audit period and disclose audit and non-audit fee in chronological order. Please also state the reason for such changes in the Remarks column. ........................................................................................................... 105 3.5.3 If audit fee is reduced by 15% or more from the previous year, the amount, percentage and reason for reduction must be disclosed: ................................ 106 3.6 REPLACEMENT OF CPA ............................................................................................... 106 3.7 AUDIT INDEPENDENCE ................................................................................................ 106 3.8 FACTS ABOUT THE DIRECTOR, MANAGER, OR A SAME PERSON OR A SAME AFFILIATED ENTERPRISE HAVING HELD THE EQUITY OF A SAME FINANCIAL HOLDING CORPORATION WITH VOTING POWER EXCEEDING THE SPECIFIED RATIO WHICH SHOULD BE DECLARED THE FACTS OF EQUITY TRANSFER AND CHANGE IN EQUITY PLEDGE UNDER ARTICLE 11 OF THE MANAGERIAL REGULATIONS ............................... 107 3.8.1 Changes in Shareholding of Directors, Managers and Major Shareholders .. 107 3.8.2 Shares Trading with Related Parties .............................................................. 110 3.8.3 Shares Pledge with Related Parties ................................................................ 110 3.9 RELATIONSHIP AMONG THE TOP TEN SHAREHOLDERS ................................................. 111 3.10 OWNERSHIP OF SHARES IN AFFILIATED ENTERPRISES ................................................. 112 IV. CAPITAL OVERVIEW ..................................................................................................... 115 4.1 CAPITAL AND SHARES ................................................................................................. 115 4.1.1 Source of Capital ............................................................................................ 115 4.1.2 Status of Shareholders .................................................................................... 117 4.1.3 Shareholding Distribution Status ................................................................... 117 4.1.4 List of Major Shareholders ............................................................................. 118 4.1.5 Market Price, Net Worth, Earnings, and Dividends per Share ....................... 118 4.1.6 Dividend Policy and Implementation Status .................................................. 119 4.1.7 Impact of the proposed stock dividend on corporate operating performance and EPS ..................................................................................... 119 4.1.8 Distribution of Employee’s Compensation and Directors’ Remuneration ..... 120 4.1.9 Buyback of Treasury

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