Melody Chen, Chief HR Officer at CDF, emphasized the company's focus on three main aspects - physical health, mental health, and financial health - to develop an employee care plan and create a comprehensive wellbeing program while enhancing employee competencies. CDF values its employees as important assets and strives to be a reliable support for them, helping them unleash their potential and achieve work-life balance.

China Development Financial Holding Corporation (hereinafter referred to as "CDF") held its Q3 2023 investor conference today. During the conference, CDF shared its profit results as well as its overall operational performance. CDF reported an after-tax net income of NT$17.51 billion for the first three quarters this year and EPS totaled at NT$1.05.

China Life reported an after-tax net income of NT$11.31 billion in the first three quarters of this year. China Life has focused on high-value products and increased market share of regular-paid policies, and its VNB margin has increased to 35.3% from 29.3% compared to the same period last year. Its pre-hedging recurring yield remained at 3.85%. The company's renaming proposal has been approved by the Insurance Bureau and the Ministry of Economic Affairs, and it is expected to officially change its name to KGI Life Insurance on January 1, 2024.

KGI Securities reported an after-tax net income of NT$5.39 billion in the first three quarters of this year, a growth of 101% compared to the same period last year with overseas profits contributing a YoY growth of 172%. KGI Securities' ROE was 13.0% which outperformed industry average, and it has maintained the leading position in Equity Capital Markets (ECM) and Debt Capital Markets (DCM).

KGI Bank reported an after-tax net income of NT$4.24 billion in the first three quarters of this year, with a YoY growth rate of 16% and 24% in its SME and personal loans businesses respectively. In addition, KGI Bank's wealth management fee income grew by nearly 30% compared to the same period last year.

CDIB Capital Group reported an after-tax net income of NT$1.4 billion in the first three quarters of this year, mainly due to the rise of asset valuation in its investment portfolio. The board of directors of CDIB Capital Group has approved the investments on InnoLuxFund II, which is expected to continue to accelerate the growth of its asset management.

CDF stated that it will continue to execute its core strategies to maintain long-term and stable development and to build comprehensive competitiveness. As for the progress of its digital transformation, CDF has been named the only Taiwan enterprise to receive the 2023 IDC "Best in Future of Digital Infrastructure Award." CDF and its subsidiaries have also won three awards at the 2023 1111 Job Bank Happy Workplace Award, showcasing its commitment to becoming the "Employer of Choice." Also, CDF has been awarded the "Taiwan Top 100 Sustainable Enterprises Award" for two consecutive years at the TCSA Taiwan Enterprise Sustainability Awards in recognition of its efforts in sustainable development. The group has also received the "Platinum Award for Sustainability Reporting" and the "Talent Development Leadership Award."

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CDFH – China Development Financial Holding Corp. published this content on 28 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2023 09:41:14 UTC.