#1August 2019 2Q19 Performance Review 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.#2Disclaimer This presentation has been prepared by China Development Financial Holding Corporation and/ or its affiliates (together, "CDF" or the "Group") for the exclusive use of the party to whom CDF delivers this presentation to ("Recipient"). The information in this presentation should be considered in the context of the circumstances prevailing at the time of its presentation and has not been, and will not be, updated to reflect material developments which may occur after the date of this presentation. The slides forming part of this presentation have been prepared solely to support discussion about the Group with the Recipient. This presentation also contains information and statistics relating to the banking and related industries. The Group has derived such information and data from unofficial and independent sources, without independent verification. The Group cannot ensure that these sources have compiled such data and information on the same basis or with the same degree of accuracy or completeness as are found in other industries. You should not place undue reliance on statements in this presentation regarding the banking and related industries. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information or opinion contained herein. None of the Group, or any of their respective directors, officers, employees, agents or advisers shall be in any way responsible for the contents hereof, or shall be liable for any loss whether directly or indirectly arising from use of the information contained in this presentation or otherwise arising in connection therewith. This presentation has been prepared on a confidential basis solely for the use and benefit of the Recipient. Distribution of this presentation to any person other than the Recipient is unauthorized. This material must not be copied, reproduced, distributed or passed to others at any time, in whole or in part, without the prior written consent of the Group. 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 2#3Contents SECTION 1 Business Overview SECTION 2 China Life SECTION 3 KGI Bank SECTION 4 KGI Securities SECTION 5 CDIB Capital Group SECTION 6 Financial Highlights 中華開發金控 CHINA DEVELOPMENT FINANCIAL 4 8 11 27 33 43 This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 3#41. Business Overview 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 4#5CDF - 2Q19 Results China Life was the largest profit contributor China Life1 KGI Bank KGI Securities CDIB Capital Group China Life's 2Q19 net profit was NT$4.6bn; CDF recognized an investment gain of NT$1.3bn from China Life in 2Q19 Recorded first year premium income (FYP) of NT$80.8bn in 1H19, up 15% YoY Maintained sufficient capital level above 300%; as of the end of June 2019, net worth rebounded NT$56.8bn from the end of last year to NT$129.9bn Growing corporate and mortgage loans continued to boost lending balance, whilst reducing the foreign-currency bond position in the banking book portfolio; KGI Bank registered profit of NT$919mn in 2Q19 KGI Bank reported an NPL ratio of 0.14%, LLR coverage ratio of 1.27%, and NPL coverage ratio of 918.7% as of June 30, 2019, compared favorably with the industry average of 0.23%, 1.39%, and 595.9%, respectively KGI Securities reported profit of NT$1,005mn in 2Q19, thanks to anticipation for a rate cut, a better performance in bond trading and resumed profitability from brokerage business and overseas subsidiaries CDIB Capital Group contributed profit of NT$1,275mn in 2Q19 Unrealized gains amounted to NT$614mn as of June 30, 2019 CDIB Capital Group will continue asset monetization and focus on asset management business; assets under management exceeded NT$43.1bn as of June 30, 2019 Note: 1. CDF, together with KGI Securities, owns 34.28% of China Life 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 5 LO#6CDF - 2Q19 Net Profit Profit contribution by subsidiary China Life Contributed Most Profit in 2Q19 Among Subsidiaries Profit contribution by subsidiary under CDF, NT$mn 1,275 919. 1,005 20 1,320 (322) (51) 4,166 20 26 4.192 Inv. Income - CDIB Capital Inv. Income - KGI Bank Inv. Income - KGI Securities Inv. Income - China Life Inv. Income - AMC Operating expense Other revenues Income before Income tax & expenses Net income tax Group Note: 1. CDF's net income excludes income attributable to non-controlling interests; 2. Investment income from KGI Bank, KGI Securities and China Life has been adjusted for the purchase price allocation; 3. China Life's net profit in 2Q19 was NT$4.6bn, whilst CDF recognized an investment income of NT$1.3bn from China Life in 2Q19, adjusted for the purchase price allocation adjustment and the recognition of investment income on a pro-rata basis 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. CO 6#7CDF - 1H19 Net Profit Profit contribution by subsidiary CDIB Capital Group Contributed Most Profit in 1H19 Among Subsidiaries Profit contribution by subsidiary under CDF, NT$mn 2,511 1,782 2,125 2,023 35 (622) (115) 7,739 63 7,801 Inv. Income CDIB Capital Inv. Income Inv. Income Inv. Income - Inv. Income - Operating KGI Bank KGI Securities China Life AMC expense Group Other revenues & expenses Income before Income tax tax Net income Note: 1. CDF's net income excludes income attributable to non-controlling interests; 2. Investment income from KGI Bank, KGI Securities and China Life has been adjusted for the purchase price allocation; 3. China Life's net profit in 1H19 was NT$7.5bn, whilst CDF recognized an investment income of NT$2.0bn from China Life in 1H19, adjusted for the purchase price allocation adjustment and the recognition of investment income on a pro-rata basis 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 7#82. China Life 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 00 8#9China Life - Performance Highlights Maintaining steady asset growth and sufficient capital level Shareholders' Equity NT$bn 95.3 82.6 81.1 73.1 129.9 Return on Equity 14.68% 11.69% 12.09% 11.57% 10.30% LLLL 2015 2016 2017 2018 1H19 2015 2016 2017 2018 1H19 2,000 1,896.8 ■Total Assets 1,800 1,600 NT$bn 1,400 1,711.4 1,465.7 1,323.7 1,107.3 1,200 1,000 648.8 800 600 Listed on the Taiwan Stock Acquired Winterthur Taiwan 400 Exchange 200 1995 from AXA 2007 Acquired PCA Life 2009 Total assets Surpassed NT$1 trillion 2014 2015-2019 Ranked among the top 5% of the Corporate Governance Evaluation Awards for 5 consecutive years CDF holds 34.96% Included into shares of China Life after the FTSE4Good completion of the tender offer 2017 TIP Taiwan ESG Index 1H19 0 1963 Established 2003 Professional management team joined 2008 Avoid the subprime turmoil during financial crisis 2010 Jointly invested CCB Life with China Construction Bank 2016 Included into TWSE CG 100 Index 2018 中華開發金控 CHINA DEVELOPMENT FINANCIAL Completed the acquisition of Allianz Taiwan Life's traditional policies and system integration This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 9#10China Life - Performance Highlights Delivering solid operational results and premium growth Net Profits NT$bn Total Premium NT$bn 10.18 9.47 9.17 9.08 FYP ■Renewal premium 301.8 206.4 150.3 7.45 191.1 6% 6.26 162.2 145.5 80.2 136.9 90.6 83.1 2015 2016 2017 2018 1H18 1H19 中華開發金控 CHINA DEVELOPMENT FINANCIAL 70.0 80.8 151.5 126.2 100.5 79.1 66.9 64.7 2015 2016 2017 2018 1H18 1H19 This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 10#113. KGI Bank 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 11#12KGI Bank - Profitability Core income growth remained steady Core Income Saw Steady Growth Net profit, NT$bn 5.2 2015 3.8 2016 3.2 0.9 0.9 2.2 2017 2018 Note: 2015 were pro-forma figures, including corporate banking and global market business transferred from CDIB Capital Group Pre-provision operating profits (PPOP), NT$bn 5.4 2015 5.0 2016 5.5 2017 0.9 1.0 (0.3) 2Q18 3Q18 4Q18 1Q19 2Q19 1.4 0.9 2.9 2018 1.3 1.1 (0.3) 2Q18 3Q18 4Q18 1Q19 2Q19 transferred from CDIB Capital Group 中華開發金控 Note: 2015 were pro-forma figures, including corporate banking and global market business This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. 12 CHINA DEVELOPMENT FINANCIAL The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.#13KGI Bank - Profitability (Cont'd) Core income growth remained steady Core Income Saw Steady Growth ROAA, percent 0.5 0.6 0.9 0.7 0.5 0.3 2015 2016 2017 2018 Note: 2015 were pro-forma figures, including corporate banking and global market business transferred from CDIB Capital Group ROAE, percent 9.2 6.6 5.3 3.6 2015 2016 2017 2018 Note: 2015 were pro-forma figures, including corporate banking and global market business 0.5 0.6 (0.2) 2Q18 3Q18 4Q18 1Q19 2Q19 5.7 6.2 6.0 6.3 (2.3) 2Q18 3Q18 4Q18 1Q19 2Q19 transferred from CDIB Capital Group 中華開發金控 This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. 13 CHINA DEVELOPMENT FINANCIAL The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services.#14KGI Bank - Net Revenue Steady growth in net revenue generated from consumer and corporate banking (NT$mm) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Consumer banking¹ 5,334 4,835 4,992 5,355 1,370 1,354 1,311 1,320 1,349 Corporate banking2 2,646 2,659 2,932 3,320 826 848 847 933 972 Global markets 2,442 2,935 3,087 (180) 4 663 (887) 206 364 Other 536 359 482 574 205 93 139 194 132 Total net revenue 10,958 10,789 11,493 9,069 2,404 2,958 1,409 2,654 2,817 (% of total) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Consumer banking1 48.7 44.8 43.4 59.0 57.0 45.8 93.0 49.8 47.9 Corporate banking² 24.1 24.6 25.5 36.6 34.3 28.7 60.1 35.2 34.5 Global markets 22.3 27.2 26.9 (2.0) 0.2 22.4 (62.9) 7.8 12.9 Other 4.9 3.3 4.2 6.3 8.5 3.1 9.8 7.2 4.7 Total net revenue 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Note: 1. Including consumer banking and wealth management; 2. Including corporate banking, commercial banking and merchant banking; 3. 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 14#15KGI Bank - Loans Diversified loan portfolio with better loan growth momentum than peers (NT$bn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Corporate loans 145.2 175.7 200.8 228.3 229.7 229.5 228.3 233.3 243.8 Large corporations 133.7 161.1 181.8 204.3 209.1 208.9 204.3 204.5 215.5 SMEs 11.6 14.5 19.0 24.0 20.6 20.6 24.0 28.8 28.3 Secured consumer loans 40.7 45.8 60.8 74.7 68.8 72.1 74.7 76.0 78.5 Mortgage 40.6 45.7 60.7 74.7 68.7 72.1 74.7 75.9 78.4 Others 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 Unsecured consumer loans 35.0 34.5 36.0 37.2 36.7 37.0 37.2 37.2 37.7 Cash card 16.2 15.0 14.5 13.8 14.1 14.0 13.8 13.5 13.3 Personal loans 18.8 19.5 21.5 23.3 22.5 23.0 23.3 23.7 24.3 Total loans 220.9 255.9 297.7 340.2 335.1 338.6 340.2 346.5 360.0 Credit card 2.7 2.7 2.7 2.8 3.3 3.0 2.8 2.7 3.3 AR/ forfaiting/China advance 32.3 18.6 16.8 17.6 21.1 20.7 17.6 16.1 13.7 Guarantees 12.0 10.7 11.9 14.8 14.8 15.9 14.8 20.7 21.2 Total credit 268.0 287.8 329.1 375.5 374.2 378.1 375.5 385.9 398.2 Total loans YoY/ QoQ (%) Total credit YoY/ QoQ (%) (3.6) (10.6) 15.8 16.3 14.3 5.6 1.0 0.5 1.8 3.9 7.4 14.3 14.1 6.1 1.0 (0.7) 2.8 3.2 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 15#16KGI Bank - Loans (Cont'd) Diversified loan portfolio with better loan growth momentum than peers (% of total) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Corporate loans Large corporations 60.5 63.0 61.1 60.0 62.4 61.7 60.0 59.0 59.9 SMEs 5.2 5.7 6.4 7.1 6.1 6.1 7.1 8.3 7.9 Secured consumer loans Mortgage 18.4 17.9 20.4 21.9 20.5 21.3 21.9 21.9 21.8 Others 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Unsecured consumer loans Cash card 7.3 5.9 4.9 4.1 4.2 4.1 4.1 3.9 3.7 Personal loans 8.5 7.6 7.2 6.9 6.7 6.8 6.9 6.9 6.8 Total loans 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Foreign currency loans 20.5 24.7 28.2 29.2 30.7 29.8 29.2 39.3 40.1 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 16#17KGI Bank - Corporate Banking Loan Book Well-diversified loan portfolio with focus on service and technology industries Loan Breakdown By Industry (% of total loan) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Services 26.0 27.0 32.0 38.2 36.2 36.7 38.2 38.8 39.8 Information, communication, tech 29.5 26.2 24.7 21.6 23.2 22.6 21.6 19.2 20.7 Real estate 9.6 7.6 9.1 9.5 8.2 7.9 9.5 10.8 9.8 Plastics, rubber 9.4 8.4 7.9 6.6 7.2 7.5 6.6 6.8 6.0 Transportation 7.3 7.7 5.0 3.5 4.4 4.5 3.5 4.7 3.8 Energy 2.2 1.8 1.6 2.2 2.3 2.2 2.2 2.1 3.1 Textiles 1.3 2.1 2.0 1.6 2.2 1.9 1.6 1.6 1.8 Others Total 14.7 19.2 17.6 16.8 16.3 16.6 16.8 16.0 15.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Total loans (NT$bn) 145.2 175.7 200.8 228.3 229.7 229.5 228.3 233.3 243.8 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 17#18KGI Bank - Deposits Continue to optimize deposit mix to reduce funding cost Demand Deposit Ratio Has Been Maintained Within a Stable Range Deposit breakdown, percent; total deposits, NT$bn Total = 354.3 343.3 376.5 421.7 Total = 425.3 440.8 421.7 444.1 448.2 8.4 5.7 7.4 7.2 6. 4.8 6.5 7.4 15.0 17.7 17.4 19.1 19.3 18.9 19.1 18.8 19.1 30.6 24.8 26.7 28.6 26.5 26.4 27.6 27.4 26.5 47.2 48.2 47.0 47.1 47.4 51.2 51.3 47.3 47.0 2015 ■Time - NTD 2016 Time FCY - 2017 ■Demand - NTD 2018 ■Demand - FCY 2Q18 ■Time - NTD 3Q18 4Q18 1Q19 2Q19 ■Time - FCY ■Demand - NTD Demand - FCY Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 18#19KGI Bank - Liquidity Loan-to-deposit ratio has been maintained within a stable range Loan-To-Deposit Ratio Has Stabilized Loan-to-deposit ratio (LDR), percent 78.8 76.8 80.7 80.3 78.0 74.5 79.1 80.7 62.4 84.1 82.1 86.4 84.3 86.5 74.9 79.7 85.8 86.4 68.9 66.7 69.6 65.5 68.1 62.2 65.9 69.6 37.8 2015 2016 LDR - NTD LDR - FYC 2017 2018 2Q18 3Q18 Loan-to-deposit ratio (LDR) LDR - NTD 4Q18 LDR - FYC 1Q19 2Q19 Loan-to-deposit ratio (LDR) Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 19#20KGI Bank - Interest Spread & Net Interest Margin (NIM) Interest spread and NIM have improved slightly Overall Interest Spread Improved due to Lower Cost of Funds for Foreign Currency Deposits Overall interest spread, percent 2.20 1.67 1.91 1.62 1.54 1.53 1.58 1.68 1.63 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer NIM Improved Slightly due to Lower Cost of Funds for Foreign Currency Deposits NIM, percent 1.21 1.05 1.14 1.14 1.19 1.11 1.06 1.00 1.02 2015 2016 2017 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 2018 2Q18 3Q18 4Q18 1Q19 2Q19 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 20#21KGI Bank - Asset Quality Asset quality remained intact NPL Ratio & NPL Coverage Have Remained Stable Non-performing loan ratio, non-performing loan coverage, percent 627.6 413.8 397.3 755.6 918.7 837.5 688.9 755.6 643.7 0.34 0.34 0.21 0.17 0.20 0.18 0.17 0.15 0.14 2015 2016 NPL Coverage 2017 2018 NPL ratio 2Q18 3Q18 4Q18 NPL Coverage 1Q19 2Q19 NPL ratio Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer Stable LLR Coverage Loan loss reserve, NT$mn; loan loss reserve coverage (LLR), percent 3,430 3,116 3,925 4,334 1.27 1.41 2015 1.34 2016 Loan Reserve 1.32 2017 2018 Loan loss reserve ratio(LLR) Note: 1. 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL Note: Banking peers' average NPL ratio was 0.23% and peer average NPL coverage ratio was 595.9% as of June 30, 2019 4,244 4,303 4,334 4,366 4,567 1.27 2Q18 1.27 1.27 3Q18 4Q18 Loan Reserve 1.26 1Q19 1.27 2Q19 Loan loss reserve ratio(LLR) Note: Banking peers' loan loss reserve coverage was 1.39% as of June 30, 2019 This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 21#22KGI Bank - Credit Cards & Cash Cards Actively boost credit card spending Credit card 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Credit cards in circulation ('000) 506 498 452 419 424 425 419 418 424 Active credit cards ('000) 211 198 192 193 193 192 193 195 201 Monthly spending per credit card (NT$) 1,900 2,124 2,314 2,545 2,816 2,417 2,413 2,423 2,732 Spending (NT$mn) 11,538 12,696 12,546 12,793 3,586 3,082 3,032 3,042 3,472 Credit card revolving (NT$mn) 1,153 1,102 1,081 1,087 1,059 1,076 1,087 1,074 1,086 Cash card Cash cards with credit line ('000) 516 502 494 488 492 490 488 486 484 Cash cards with balances ('000) 355 343 335 328 332 330 328 326 325 Cash card loan outstanding (NT$mn) 16,187 14,986 14,516 13,837 14,118 13,985 13,837 13,490 13,345 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 22#23KGI Bank - Net Fee Income Continue to enhance fee income Net Interest Income & Net Fee Income (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Net interest income 7,327 5,763 6,385 7,147 1,825 1,812 1,731 1,638 1,668 Net fee income 1,861 1,927 2,017 2,275 588 555 545 605 612 Net Fee Income Mainly Generated From Wealth Management (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Wealth management 926 953 1,151 1,176 292 277 267 259 284 Loans 399 391 387 474 130 121 116 190 193 TMU 358 421 293 463 124 120 117 111 91 Cards 178 162 185 162 41 37 45 45 44 Net fee income 1,861 1,927 2,017 2,275 588 555 545 605 612 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 23#24KGI Bank - Efficiency Steady Cost-to-Income Ratio due to Good Control of Expenses Cost-to-Income Ratio Has Been Maintained Within a Reasonable Range During Business Expansion Cost-to-income ratio, percent 68.1 50.7 53.5 51.7 61.6 52.8 2015 2016 2017 118.6 58.2 55.3 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Note: A higher cost-to-income ratio in 4Q18 was due to trading and evaluation losses; the ratio returned to a reasonable range as revenue improved Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 24 24#25KGI Bank - Capitalization Solid capital position New Issuance of Subordinated Debt to Strengthen Capital Position Capital adequacy ratio, percent 15.0 13.2 14.2 13.4 13.4 13.1 14.2 11.6 11.6 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer Tier-1 capital ratio, percent 12.3 12.0 12.4 11.2 11.2 14.9 13.2 14.0 12.3 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Note: 2015 were the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 25#26KGI Bank - Global Markets Portfolio is focused on high-quality government/ corporate bonds & blue-chip stocks Breakdown of Banking Book Portfolio (Market Value) (% of total market value) 20154 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 TW GB, municipal 52.8 74.3 55.3 55.8 52.4 53.0 55.8 58.2 55.4 TW negotiable CD + 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 commercial paper Foreign GB 0.0 7.3 0.0 0.8 0.9 0.9 0.8 0.9 1.5 TW corporate/ bond & bank 0.0 0.0 0.0 1.1 1.2 1.1 1.1 1.1 1.2 debenture Foreign corporate/bond & 39.9 14.7 40.0 40.5 43.6 43.1 40.5 37.9 38.7 bank debenture Equity 7.3 3.7 4.6 1.9 1.9 2.0 1.9 1.9 3.2 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Total market value1 (NT$mn) Total cost (NT$mn) Unrealized profits² (NT$mn) Realized profits³ (NT$mn) 74,202 128,669 115,160 141,585 74,953 131,072 115,927 144,215 (751) (2,403) (767) (2,630) 3,612 2,714 2,801 127,608 129,463 (1,855) (1,959) (2,630) 133,021 141,585 137,452 134,980 144,215 137,924 (472) 126,136 125,892 244 709 373 763 709 781 998 Note: 1. Excluding bank deposits, interbank lending, repos, bonds and financial assets recorded at trading book (including bond trading and derivatives); 2. Unrealized loss resulting from higher bond yields and widening credit spreads in European bonds; 3. Realized profits include dividends and interest received as well as realized gains on disposal; 4. 2015 are pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 26#274. KGI Securities 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 27 27#28KGI Securities - Net Revenue Brokerage commissions were the main revenue driver Brokerage Commissions Were KGI Securities' Main Revenue Driver In 2Q19 Net revenue breakdown, NT$mn 3,228 237 438 443 173 1,937 Net brokerage commissions Net underwriting fees Net interest income Net investment income Other revenue Net revenue 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 28#29KGI Securities - Net Revenue (Cont'd) - Brokerage business remained the major income source Brokerage Commissions Resumed in 2Q19 on Capital Market Rebound (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Net brokerage/futures/ warrant commissions Net underwriting fees 8,159 6,208 7,733 8,556 2,256 2,089 1,918 1,663 1,937 667 1,041 920 728 154 225 140 107 173 Net fees & commissions 8,826 7,248 8,652 9,284 2,409 2,314 2,057 1,770 2,110 Net interest income 2,398 1,899 1,869 1,836 524 484 350 294 443 Net investment income 2,246 3,368 6,699 1,733 1,158 602 (163) 1,055 438 Other revenue 577 1,050 1,609 493 (361) 224 251 267 237 Total net revenue 14,047 13,565 18,830 13,347 3,729 3,624 2,495 3,385 3,228 Note: The figures above included the contribution from overseas subsidiaries 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 29#30KGI Securities · Profit Breakdown - Resumed profitability from overseas subsidiaries Profit Breakdown By Geographical Location (NT$mn) 2015 2016 20171 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Taiwan 1,943 3,201 7,227 2,932 872 1,351 15 1,047 1,281 overseas Subsidiaries 610 (718) 850 833 192 215 149 361 297 Hong Kong2 417 (1,044) 571 479 119 123 45 255 229 Thailand 192 327 279 354 74 92 104 106 68 Total 2,552 2,484 8,078 3,765 1,065 1,566 164 1,408 1,578 (% of total profits) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Taiwan 76.1 128.9 89.5 77.9 81.9 86.3 9.2 74.3 81.2 overseas Subsidiaries 2 Hong Kong 16.4 (42.1) 7.1 12.7 11.2 7.8 27.6 18.1 14.5 Thailand 7.5 13.2 3.4 9.4 6.9 5.9 63.2 7.6 4.3 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Note: 1. Including a one-off valuation gain of NT$3,834mn associated with KGI Securities' stake in China Life in 3Q17; 2. Including Singapore and Indonesia subsidiaries 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 30#31KGI Securities - Brokerage & Margin Loans Brokerage business provides a stable recurring income source Breakdown Of Brokerage Commissions By Client Segment (Taiwan Only) (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Retail 2,722 2,196 3,226 3,501 1,011 876 734 618 727 Institutional 507 459 491 566 132 146 141 137 168 Total 3,229 2,655 3,717 4,067 1,143 1,022 876 754 896 Market share (%) 8.1 8.3 8.3 8.2 8.0 8.1 8.8 8.6 8.7 Margin Loans (Taiwan Only) (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 KGIS Average Balance 23,675 18,771 21,622 22,737 20,913 19,429 13,004 12,401 12,534 Market share (%) 9.5 8.6 8.4 8.0 8.3 8.0 7.4 7.3 7.2 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 31#32KGI Securities - Investment Portfolio High-quality investment portfolio (% of total) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Fixed-income 68.5 56.3 65.9 75.4 68.7 74.4 75.4 72.6 74.1 Corporate bond & financial debenture 26.5 37.9 40.0 54.6 40.1 48.3 54.6 53.6 61.5 Convertible bond 9.7 7.3 7.4 3.6 5.4 4.7 3.6 3.4 3.0 Exchangeable bond 0.0 0.0 0.2 0.0 0.1 0.0 0.0 0.0 0.0 Government bond 32.2 11.1 18.4 17.1 23.2 21.3 17.1 15.6 9.6 Stocks 27.9 38.5 26.4 15.5 23.7 17.9 15.5 18.5 16.5 Others 3.6 5.2 7.7 9.1 7.6 7.7 9.1 8.9 9.4 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Total market value (NT$mn) 72,177 60,709 56,979 60,432 67,316 65,804 60,432 66,745 67,469 Note: 1. Includes hedged position for warrants; 2. Excludes overseas subsidiaries' balance 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 32#335. 中華開發金控 CHINA DEVELOPMENT FINANCIAL CDIB Capital Group This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 33 33#34CDIB Capital Group - Direct Investment Portfolio Monetization of direct investment portfolio will continue (NT$mn) Principal investment (Market value) Greater China International Total capital invested Greater China International Unrealized profits Greater China International 中華開發金控 CHINA DEVELOPMENT FINANCIAL 2015 2016 2017 2018 53,809 48,354 43,070 31,145 39,855 34,866 30,702 18,962 13,954 13,489 12,368 12,183 48,221 45,235 41,563 29,819 37,141 34,180 31,045 19,181 11080 11,055 10,518 10,637 2Q18 3Q18 4Q18 1Q19 2Q19 37,548 35,307 31,145 33,190 33,953 23,634 21,962 18,962 20,531 19,680 13,914 13,345 12,183 12,659 14,273 33,651 32,381 29,819 32,012 33,339 22,382 20,842 19,181 20,133 20,593 11,270 11,539 10,637 11,879 12,746 2,873 5,587 3,119 1,507 2,714 685 (342) 2,434 1,849 1,327 (219) 1,546 3,897 2,926 1,327 1,252 1,120 (219) 2,645 1,806 1,178 398 614 (914) 1,546 780 1,528 This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 34#35CDIB Capital Group - Focusing On Asset Management Continue to focus on fundraising Region Taiwan Greater China International Fund name Creative Healthcare Growth Fund Fund Fund Innovation Fund² Ali Fund Hua Nan Fund Hua Dong Fund Yida Healthcare Fund NT$1,500 NT$1,750 NT$4,540 NT$1,290 US$100 RMB1,000 RMB1,000 RMB800 Fund size mn mn mn mn mn mn mn mn Asia Partners Fund US$405 mn Funds Partners Fund Global Opportunities Fund³ US$169 US$117 mn mn Vintage year 2013 2014 2017 2017 2016 2014 2015 Shareholding1 39.8% 34.3% 33.3% 23.3% 0.0% 35.0% 30.0% Digital content, Channels and Technology fashion brands, service and media and providers of creative medical and tourism healthcare- manufacturing companies that intend to e-commerce Cloud service, Supporting mobile internet Taiwanese and entrepreneurs who intend to Digital content, Consumption, consumption Under processing Anticipated 30% Pharmaceuticals, Taiwanese, 2014 2015 2018 24.7% 0% 8.6% intelligent medical machinery, and equipment, and US healthcare platforms Investment target related industries focus on "smart" and "green" technologies distribute products and services via environmental protection, communications and internet healthcare Alibaba's ecosystem consulting/ goods and services channels South Korean companies in Asia-Pacific region that seek long-term prospects in China International private equity fund and portfolio high-growth companies, mainly in North America and Asia Pacific Market leading Note: 1. Ownership percentage of CCG and its subsidiaries; 2. Including the parallel fund "CDIB Capital Innovation Accelerator (Cayman) Limited" with fund size of NT$450mn; 3. Global Opportunities Fund will complete its second closing in September 2019 with anticipated fund size reaching US$120mn 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 35#36CDIB Capital Group – Focusing On Asset Management (Cont'd) Private-equity funds continue to bear fruit on steadily increasing portfolio valuation 2014 2015 2016 2017 2018 Undrawn capital 1,097 802 560 324 218 2Q18 312 3Q18 296 4Q18 218 1Q19 2Q19 198 158 NT$mn Creative Fund Unrealized value 486 816 1,053 1,133 1,231 1,191 1,180 1,231 1,253 1,325 Assets under management 1,582 1,617 1,613 1,457 1,449 1,503 1,476 1,449 1,451 1,483 Undrawn capital 650 1,269 697 678 267 484 386 267 267 216 NT$mn Healthcare Fund Unrealized value 225 705 1,625 1,133 1,554 1,266 1,520 1,554 1,754 1,684 Assets under management 875 1,974 2,322 1,811 1,821 1,750 1,906 1,821 2,021 1,900 Undrawn capital 0 0 1,065 797 1,043 1,004 797 743 690 NT$mn Innovation Fund Unrealized value 0 0 Assets under management 0 0 Undrawn capital 0 0 NT$mn Growth Fund Unrealized value 0 0 0000 192 462 242 310 462 543 660 1,257 1,259 1,285 1,314 1,259 1,286 1,350 2,653 3,031 3,569 3,390 3,031 2,740 2,544 942 1,649 1,157 1,343 1,649 1,987 2,258 Assets under management 0 0 0 3,595 4,680 4,726 4,733 4,680 4,727 4,802 Undrawn capital 363 258 190 485 367 416 416 367 367 320 RMBmn Hua Nan Fund Unrealized value 37 144 564 602 663 628 629 663 664 711 Assets under management 400 402 754 1,087 1,030 1,044 1,045 1,030 1,031 1,031 Undrawn capital 0 299 355 382 327 332 327 327 327 327 RMBmn Hua Dong Fund Unrealized value 0 95 364 658 790 763 784 790 786 769 Assets under management 0 393 719 1,040 1,117 1,095 1,111 1,117 1,113 1,097 Undrawn capital 61 254 134 67 54 63 54 54 55 4 US$mn Asia Partners Fund Unrealized value 146 169 270 382 368 394 371 368 394 425 Assets under management 207 423 403 449 421 457 424 421 448 429 Undrawn capital 0 0 96 75 51 71 67 51 51 41 US$mn Ali Fund Unrealized value 0 0 4 25 62 33 40 62 70 82 Assets under management 0 0 100 100 113 104 107 113 121 123 US$mn Funds Partners Fund¹ Undrawn capital 0 29 29 29 29 29 29 29 29 29 Unrealized value 0 155 133 101 70 85 80 70 64 63 Assets under management 0 183 161 130 99 114 109 99 92 92 US$mn Global Opportunities Fund Undrawn capital 0 0 0 0 99 0 117 99 99 83 Unrealized value 0 0 0 0 24 0 0 24 27 44 Assets under management 0 0 0 0 123 0 117 123 126 127 NT$mn Total AUM² Undrawn capital 5,549 14,237 12,129 13,783 14,569 13,809 Unrealized value Assets under management 5,518 13,407 20,070 27,492 11,067 27,644 32,199 38,110 42,062 24,327 16,503 25,844 25,599 39,653 42,102 14,569 27,493 42,062 14,325 11,407 29,247 31,688 43,573 43,095 Note: 1. Managed by CDIB Capital Group for global institutional investors; 2. Figures have been converted into New Taiwan dollars using the exchange rate on the last day of each quarter; assets under management = undrawn capital + unrealized value; realized gains have been excluded from unrealized value; 3. Estimated figure 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 36#37CDIB Capital Group - Greater China Portfolio Monetization of direct investment portfolio will continue Portfolio Breakdown - Greater China Portfolio (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Strategic investment 16,484 15,121 13,872 12,003 14,164 14,384 12,003 13,093 12,436 Banking-related¹ 8,843 6,278 2,953 1,386 3,294 3,290 1,386 1,386 0 Venture capital-related² 7,641 8,843 10,919 10,617 10,870 11,093 10,617 11,706 12,436 Direct investment 23,371 19,744 16,831 6,959 9,470 7,578 6,959 7,438 7,243 Total 39,855 34,866 30,702 18,962 23,634 21,962 18,962 20,531 19,680 (% of total, percent) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Strategic investment 41.4 43.4 45.2 63.3 59.9 65.5 63.3 63.8 63.2 Banking-related¹ 22.2 18.0 9.6 7.3 13.9 15.0 7.3 6.8 0 Venture capital-related² 19.2 25.4 35.6 56.0 46.0 50.5 56.0 57.0 63.2 Direct investment 58.6 56.6 54.8 36.7 40.1 34.5 36.7 36.2 36.8 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Note: 1. Banking-related strategic investments, which include stakes in Taiwan Stock Exchange Corporation, were fully disposed in 2Q19; 2. Venture capital-related business excluding cash held by venture capital-related strategic investment, i.e., CDIB Private Equity (Hong Kong) Corp. Ltd., CDIB Private Equity (China) Corporation, CDIB Capital Creative Industries Limited, CDIB Capital Healthcare Ventures Limited, CDIB Capital Innovation Accelerator CO., Limited, CDIB Capital Growth Partners L.P., CDIB Private Equity (Fujian) Enterprise (L.P.), CDIB Yida Private Equity (Kunshan) Enterprise (L.P.), CDIB & Partners Investment Holding Corp., and CDIB Capital International Corp. 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 37#38CDIB Capital Group - Greater Greater China Portfolio High-quality portfolio with focus on growth sectors Portfolio Breakdown - Greater China Portfolio (% of direct investment, percent) Consumer & services 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 43.5 35.4 26.6 53.3 46.4 48.0 53.3 52.4 54.2 Industrial & manufacturing PC & components Solar Semiconductor Financial 14.8 15.5 12.7 17.3 17.9 18.3 17.3 17.2 15.5 16.5 21.6 29.2 10.6 13.1 13.3 10.6 11.2 10.9 4.7 3.9 6.8 5.8 8.9 6.9 5.8 6.2 7.3 7.8 9.8 13.4 5.3 6.3 5.7 5.3 5.3 5.2 2.5 2.9 1.5 3.1 2.8 2.9 3.1 2.7 2.8 Optical Telecom 3.1 2.7 3.9 0.5 0.4 0.6 0.5 0.4 0.4 1.8 2.2 2.1 0.2 0.2 0.2 0.2 0.3 0.3 Others 5.3 6.0 3.7 3.9 4.0 4.1 3.9 4.3 3.4 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Note: Excluding strategic investment 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 38#39CDIB Capital Group - Greater China Portfolio Listed companies accounted for approximately 10% of the portfolio Market Value & Capital Invested - Greater China Portfolio (% of total, percent) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Listed 22.4 25.5 34.1 9.7 11.5 10.7 9.7 9.0 8.6 Emerging Unlisted Total market value 13.5 8.9 7.3 5.1 6.5 5.5 5.1 5.5 5.8 64.1 65.6 58.6 85.2 82.0 83.8 85.2 85.5 85.6 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Total market value (NT$mn) 39,855 34,866 30,702 18,962 Total capital invested (NT$mn) 37,141 Unrealized profits (NT$mn) 2,714 685 34,180 31,045 19,181 (342) 23,634 22,382 (219) 1,252 1,120 21,962 18,962 20,531 20,842 19,181 20,133 20,593 (219) 398 (914) 19,680 Note: Including strategic investment (excluding cash held by venture capital-related strategic investment) and direct investment 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 39#40CDIB Capital Group - Greater China Portfolio (Cont'd) Portfolio valuation has been affected by market movement Realized & Unrealized Gains/ Losses - Greater China Portfolio (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Divestment 1,801 1,324 1,693 1,557 187 263 1,356 91 1,775 Dividends 1,007 585 686 305 29 270 5 0 70 Equity pickup 441 443 175 49 (138) 96 (63) 57 (52) Remuneration 30 51 50 18 2 11 2 1 4 Impairment (920) (915) (902) 0 0 0 0 0 0 Valuation gain/loss - (46) 467 (113) (1,366) 602 (1,313) Realized profits 2,359 1,488 1,701 1,883 548 527 (66) 751 484 Unrealized profits 2,714 685 (342) (219) 1,252 1,120 (219) 398 (914) Note: Including strategic investment and direct investment 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 40#41CDIB Capital Group - International Portfolio Portfolio value above par and further appreciation expected Market Value & Capital Invested - International Portfolio (% of international portfolio, percent) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Third-party funds 33.7 42.1 50.4 52.2 48.7 49.8 52.2 58.9 58.7 Direct investment and co-investment 66.3 57.9 49.6 47.8 51.3 50.2 47.8 41.1 41.3 Total 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 Total market value (NT$mn) 13,954 13,489 12,368 12,183 13,914 13,345 12,183 12,659 14,273 Total capital invested (NT$mn) 11,080 11,055 10,518 10,637 11,270 11,539 10,637 11,879 12,746 Unrealized profits (NT$mn) 2,873 2,434 1,849 1,546 2,645 1,806 1,546 780 1,528 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 41#42CDIB Capital Group - International Portfolio (Cont'd) Portfolio valuation has been affected by market movement Realized & Unrealized Gains/Losses - International Portfolio (NT$mn) 2015 2016 2017 2018 2Q18 3Q18 4Q18 1Q19 2Q19 Third-party funds 400 284 616 (3) 70 (265) (51) 134 117 Direct investment and co-investment 883 672 1,916 1,251 707 (496) 590 85 780 Realized profits 1,283 957 2,532 1,247 776 (761) 539 219 896 Unrealized profits 2,873 2,434 1,849 1,546 2,645 1,806 1,546 780 1,528 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 42#436. 中華開發金控 CHINA DEVELOPMENT FINANCIAL Financial Highlights This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 43#44Financial Snapshots - CDF Four core business engines provide diversified earning sources CDF (consolidated) 2015 2016 Total assets (NT$bn) 866.7 892.2 2,392.5 2017 2,717.8 2018 Total net worth (NT$bn) Total assets/ net worth (X) Net profits (NT$bn)1 EPS (NT$/ share) 168.8 167.1 249.2 223.6 5.1 5.3 9.6 12.2 8.5 5.9 11.7 7.9 0.58 0.40 0.80 0.54 Book value per share (NT$/ share) 11.18 11.17 11.60 10.97 Cash dividend per share (NT$/ share) 0.50 0.50 0.60 0.30 Adjusted ROAE (%) 2 5.1 3.6 7.1 4.7 ROAA (%) 1.0 0.7 0.8 0.5 Note: 1. Excluding profits attributable to non-controlling interests; 2. Adjusted ROAE excludes non-controlling interests 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 44#45Financial Snapshots - China Life Sustained profitability supported by steady growth of premium income and investment income China Life (consolidated) 2015 2016 2017 2018 First-year premium (NT$bn) 83.1 90.6 80.2 150.3 Total premium (NT$bn) 162.2 191.1 206.4 301.8 Investment income (NT$bn) 47.2 47.1 47.4 51.8 Net profits (NT$bn) 9.2 9.5 9.1 10.2 EPS (NT$/ share) 2.29 2.36 2.26 2.54 Total assets (NT$bn) 1,202.6 1,323.7 1,465.7 1,711.4 Total net worth (NT$bn) 82.6 81.1 95.3 73.1 ROAE (%) 11.7 11.6 10.3 12.1 ROAA (%) 0.8 0.8 0.7 0.6 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 45#46Financial Snapshots - KGI Bank Improving profit source KGI Bank (consolidated) 2015 2016 2017 2018 Total assets (NT$bn) 546.2 572.1 590.1 683.3 Total net worth (NT$bn) 57.9 58.9 61.4 58.6 Total assets/ net worth (X) 9.4 9.7 9.6 11.7 Net profits (NT$bn)1 5.2 3.8 3.2 2.2 EPS (NT$/ share) 1.13 0.83 0.69 0.47 Book value per share (NT$/ share) 12.57 12.79 13.33 12.72 CAR ratio (%) 15.0 13.2 14.2 13.4 ROAE (%) 9.2 6.6 5.32 3.63 ROAA (%) 0.9 0.7 0.5 0.3 Note: 1. Excluding profits attributable to non-controlling interests; 2. The adjusted ROAE, which excluded the impact derived from the reduction of deferred tax asset (NT1.2bn), rose to 7.3% in 2017; 3. The adjusted ROAE, which excluded the impact derived from the reduction of deferred tax asset (NTO.6bn), rose to 4.6% in 2018; 4. 2015 was the pro-forma figures post CDIB Capital Group business transfer 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 46#47Financial Snapshots - KGI Securities Leading securities firm in Taiwan with extensive network presence KGI Securities (consolidated) 2015 2016 2017 2018 Total assets (NT$bn) 274.5 274.4 277.0 277.5 Total net worth (NT$bn) 64.6 63.6 62.0 61.8 Total assets/ net worth (X) 4.2 4.3 4.5 4.5 Net profits (NT$bn) 2.6 2.5 8.2 3.8 EPS (NT$/ share) 0.67 0.68 2.48 1.16 Book value per share (NT$/ share) 16.13 17.22 19.4 18.0 CAR ratio (%) 339.0 329.0 296.0 327.0 ROAE (%) 4.2 3.9 13.3 6.1 ROAA (%) 0.9 0.9 2.9 1.4 Note: 1. Excluding profits attributable to non-controlling interests 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 47#48Financial Snapshots - · CDIB Capital Group Leading merchant bank in Taiwan with focus on private equity CDIB Capital Group (consolidated) Total assets (NT$bn) Total net worth (NT$bn) Total assets/ net worth (X) Net profits (NT$bn) EPS (NT$/share) 2015 2016 2017 2018 72.8 73.2 55.3 50.4 69.6 70.1 53.1 47.8 1.0 1.0 1.0 1.1 4.9 1.5 3.4 2.3 1.49 0.71 1.63 1.13 Book value per share (NT$/ share) 33.76 33.99 25.95 23.36 ROAE (%) 5.3 2.1 5.5 4.5 ROAA (%) 1.8 2.1 5.3 4.3 Note: 1. Excluding profits attributable to non-controlling interests 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 48#49Quarterly Financial Snapshots - CDF Four core business engines provide diversified earning sources CDF (consolidated) 2Q18 3Q18 Total assets (NT$bn) 2,700.4 2,769.0 4Q18 2,717.8 1Q19 2,867.2 2Q19 2,983.3 CDIB Capital Group (NT$bn) 55.5 50.2 50.4 52.0 46.5 KGI Securities (NT$bn) 313.1 321.5 277.5 312.8 322.6 KGI Bank (NT$bn) 709.5 723.0 683.3 697.3 713.5 China Life (NT$bn) AMC²(NT$bn) 1,621.0 1,674.9 1,711.4 1,817.4 1,896.8 3.3 3.3 3.3 3.3 3.3 Total net worth (NT$bn) 230.1 240.9 223.6 257.5 282.6 Total assets/ net worth (X) 11.7 11.5 12.2 11.1 10.6 Net profits (NT$bn)1 2.8 2.4 (0.6) 3.6 4.2 CDIB Capital Group (NT$bn) 1.2 (0.3) 0.1 1.2 1.3 KGI Securities (NT$bn) 1.1 1.6 0.2 1.4 1.6 KGI Bank (NT$bn) 0.9 0.9 (0.3) 0.9 1.0 China Life (NT$bn) 2.6 4.2 (0.3) 2.8 4.6 AMC (NT$mn) 11.9 11.7 (20.0) 15.4 19.8 EPS (NT$/ share) 0.19 0.17 (0.05) 0.25 0.29 Book value per share (NT$/ share) 11.10 11.42 10.97 12.03 12.46 Adjusted Annualized ROAE (%)² 6.7 6.0 (1.6) 8.6 9.4 Annualized ROAA (%) 0.6 0.8 (0.1) 0.7 0.9 Note: 1. Net profits excluded non-controlling interests; 2. Adjusted annualized ROAE excludes non-controlling interests 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 40 49#50Quarterly Financial Snapshots - China Life Asset size amounted to NT$1.9tn driven by robust business growth China Life (consolidated) 2Q18 3Q18 4Q18 1Q19 2Q19 First-year premium (NT$bn) 39.4 41.2 39.1 47.5 33.3 Total premium (NT$bn) 71.1 81.8 83.2 75.7 69.8 Investment income (NT$bn) 13.2 15.6 10.9 14.1 18.5 Net profits (NT$bn) 2.6 4.2 (0.3) 2.8 4.6 EPS (NT$/share) 0.64 1.06 (0.08) 0.70 1.15 Total assets (NT$bn) 1,621.0 Total net worth (NT$bn) 81.1 1,674.9 91.0 1,711.4 73.1 1,817.4 1,896.8 101.6 129.9 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 50#51Quarterly Financial Snapshots - KGI Bank Solid capitalization laying foundation for potential profit growth KGI Bank (consolidated) 2Q18 3Q18 4Q18 1Q19 2Q19 Total assets (NT$bn) 709.5 723.0 683.3 697.3 713.5 Total net worth (NT$bn) 58.4 59.4 58.6 61.4 63.0 Total assets/net worth (X) 12.1 12.2 11.7 11.4 11.3 Net profits (NT$bn)1 0.9 0.9 (0.3) 0.9 1.0 EPS (NT$/share) 0.19 0.20 (0.07) 0.20 0.21 Book value per share (NT$/ share) 12.68 12.90 12.72 13.34 13.67 CAR ratio (%) 11.6 11.6 13.4 13.1 14.2 Annualized ROAE (%) 5.7 6.2 (2.3) 6.0 6.3 Annualized ROAA (%) 0.5 0.6 (0.2) 0.5 0.6 Note: 1. Excluding profits attributable to non-controlling interests 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 51#52Quarterly Financial Snapshots - KGI Securities Profitability has been affected by market volatility KGI Securities (consolidated) 2Q18 3Q18 4Q18 1Q19 2Q19 Total assets (NT$bn) 313.1 321.5 277.5 312.8 322.6 Total net worth (NT$bn) 61.3 63.5 61.8 66.4 67.8 Total assets/ net worth (X) 5.1 5.1 4.5 4.7 4.8 Net profits (NT$bn) 1 1.1 1.6 0.2 1.4 1.6 EPS (NT$/share) 0.33 0.48 0.06 0.43 0.49 Book value per share (NT$/ share) 17.89 18.57 18.02 19.43 19.88 Annualized ROAE (%) 7.0 10.0 1.2 8.8 9.4 Annualized ROAA (%) 1.4 2.0 0.3 1.9 2.0 Note: 1. Net profits excluded non-controlling interest 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 52 52#53Quarterly Financial Snapshots - CDIB Capital Group Asset monetization will continue with focus on asset management CDIB Capital Group (consolidated) 2Q18 3Q18 4Q18 1Q19 2Q19 Total assets (NT$bn) 55.5 50.2 50.4 52.0 46.5 Total net worth (NT$bn) 52.9 47.6 47.8 49.4 43.7 Total assets/ net worth (X) 1.0 1.1 1.1 1.1 1.1 Net profits (NT$bn)¹ 1.2 (0.3) 0.1 1.2 1.3 EPS (NT$/ share) 0.58 (0.14) 0.04 0.61 0.62 Book value per share (NT$/ share) 25.90 23.27 23.36 24.16 21.37 Annualized ROAE (%) 8.7 (2.3) 0.8 10.2 11.0 Annualized ROAA (%) 8.4 (2.2) 0.7 9.7 10.4 Note: 1. Net profits excluded non-controlling interests 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 33 53#54CDF Shareholding Structure FINI holdings exceed 27.4% Steadily Increasing FINI Holdings FINI shareholdings, percent Top 10 Shareholders Of CDF As of June 30, 2019 30.0 1. China Life Insurance Co., Ltd. 3.76% 27.4 22.2 22.9 23.7 24.7 25.2 2. Shin Wen Investment Co., Ltd. 3.21% 19.3 3. Jing Kwan Investment Co., Ltd. 2.79% 15.1 13.2 11.1 11.6 11.6 12.0 4. Bank of Taiwan Co., Ltd. 1.92% 8.0 4.6 IIII 5. Cathay Life Insurance Co., Ltd. 1.79% 6. Government of Singapore 1.70% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 8/29 JPMorgan Chase Bank N.A., Taipei Branch in Source: Taiwan Stock Exchange 7. custody for Vanguard Total International Stock Index 1.50% Fund, a series of Vanguard Star Funds 24.7 23.8 24.3 26.9 8. 30.4 Vanguard Emerging Markets Stock Index Fund, A series of Vanguard International Equity Index Funds 1.46% 9. CTBC Bank Trust Account for KGI Securities 1.45% 40.6 43.1 43.9 43.4 42.7 10. Norges Bank 1.42% 20.6 18.4 16.8 19.1 18.2 14.2 14.7 15.0 10.6 8.7 Total 21.00% 0.0 0.0 0.0 00 0.0 2015 2016 2017 2018 2019 ■Government Organizations ■Individuals ■Financial Institutions ■Foreign Institutions ■Other Institutions Note: Shareholding percentage will be updated after the registration date of the Regular Shareholders' Meeting and ex-dividend each year Note: Shareholding percentage will be updated before the date of the Regular Shareholders' Meeting each year 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 5.4 54#55Valuation Method Valuation system co-developed with KPMG has improved transparency price available? Listed / OTC Private Placement No No Emerging Stocks No Yes Is a bench marking No Yes Yes Is the issuer listed? Yes Market price Average monthly turnover in the latest quarter > average median turnover of listed companies during the past one Yes No Yes Closing price on the valuation date No Valuation on the valuation date * liquidity discount liquidity discount factor1 factor1 Note 1: Based on Black Scholes Model Daily Average Price Range year? Note 2: Stages of development IPO Candidate Stable Is a market price available in the past 3 months? Is a binding price available in the next 3 No months? No Expansion Yes Yes. Early Market price Fund-raising price or put option Valuation by stage of development2 Surveillance The company has a qualified IPO plan or has signed contracts with recommended securities firms The company has main operations >2 years with (1) positive retained earnings for the recent financial years, or (2) net profits for the past 2 years Main operations >2 years with net loss for the recent financial years Main operations <2 years (excluding biotech companies still in the R&D-phase) The company is in trouble (e.g., termination of operations or liquidation) Valuation Method(s) IPO Candidate Stable 1st DCF Expansion DCF Early Stage DCF IPO Price Surveillance Independent Appraisal Acronyms 2nd DCF Coco DCF Coco Discounted cash flow Coco 3rd Coco NAV Coco NAV Competitor comparison NAV Net asset value 中華開發金控 CHINA DEVELOPMENT FINANCIAL This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 55#56CDF & Principal Subsidiaries Organization structure CDF and principal subsidiaries **CDIB Private Equity (China) Corp. provides advisory service to general partners of CDIB Yida Private Equity (Kunshan) Co. Ltd./ CDIB Private Equity China Development Financial Holdings 中華開發金控 CDIB Capital Group China Life KGI Securities 中華開發資本 中國人壽 凱基證券 KGI Bank 凱基銀行 * CDIB Capital Management Corporation is CDIB Capital Management Corporation 中華開發 engaged to manage CDIB Venture Capital Corporation 資本管理顧問 (100%) CDIB Venture Capital Corporation 中華開發 創業投資 (100%) CDIB Capital Innovation Advisors Corp. CDIB Private Equity 開發創新管理顧問 (60%) (Hong Kong) Co. Ltd. (100%) CDIB CDIB Venture Capital (HK) Corp. Ltd. (100%) Private Equity (China) Corp. 中華開發股權投資管理 (100%) CDIB Capital International Corp. (CCIC) (100%) CDIB Global CDIB Private Equity (Fujian) Co. Ltd. (Fujian) Co. Ltd. 華開(福建)股權 投資管理 (70%) 20% 56% CDIB Private Equity Mgmt. (Fujian) Enterprise (Limited Partnership) 華創(福建)股權投資管理 企業(有限合夥) (70%) 中華開發金控 CHINA DEVELOPMENT FINANCIAL CDIB Yida Private Equity (Kunshan) Co. Ltd. 華創毅達(昆山) 股權投資管理 (65%) China Development Asset Management Corp. 中華開發資產管理 CDIB Management Consulting Development Chung Hwa Industrial Bank Growth 3 Asset Asset Mgmt. Corp. Corp. 中華開發 管理顧問 開發工銀 Mgmt. Corp. 中華成長三 Chung Hwa Growth 4 Asset Mgmt. Corp. 中華成長四 資產管理 資產管理 (100%) (100%) 資產管理 (100%) (100%) CDIB Capital Investment Markets Limited (100%) I, II Limited (100%) 中華開發 國際租賃 (100%) CDIB International Leasing Corp. CDC Finance & Leasing Corp. 華開租賃 (76.04%) ***CCIC is engaged to manage CDIB Global Markets Limited, CDIB Capital Investment I, II Limited and CDIB Asia Partners Limited 58.34% 27.08% CDIB Yida Private Equity Mgmt. (Kunshan) Enterprise (Limited Partnership) 昆山華創毅達股權投 資管理企業 CDIB Capital International (Hong Kong) Corp. Ltd. (100%) (有限合夥企業)(65%) CDIB Capital International (USA) Corp. (100%) CDIB Capital International (Korea) Corp. (100%) CDIB Capital Asia Partners Limited (100%) This slide is part of a presentation by China Development Financial Holding Corporation and/or its affiliates (together, "CDF") and is intended to be viewed as part of that presentation. The presentation has not been updated since it was originally presented, and does not constitute a commitment by any CDF entity to underwrite, subscribe for or place any securities or to extend or arrange credit or to provide any other services. 56