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I. History Date : 2017- 4
2002/01/31
International Bills Finance Corp., Concourse Securities Co., Ltd., and Grand Orient Securities Corp. held extraordinary general meetings where their shareholders approved the establishment of Waterland Financial Holding Co., Ltd. via a share swap.
2002/02/08
WFH-*-s initiation secured Ministry of Finance approval.
2002/03/26
WFH-*-s initiation secured Ministry of Economic Affairs approval; WFH shares became available for trading while International Bills Finance Corp. shares were delisted.
2002/10/18
WFH units Concourse Securities Co., Ltd., Grand Orient Securities Corp., and International Bills Union Securities Co., Ltd. undertook a merger. International Bills Union Securities was the surviving entity, which was renamed "Waterland Securities Co., Ltd."
2004/07/09
Waterland Venture Capital Co., Ltd. was formed with paid-in capital of NT$500 million.
2005/06/29
The annual general meeting elected the Company-*-s Second-term Board of Directors and Supervisors.
2005/07/20
The board appointed Hsin Li Investment Co., Ltd. (later renamed Nice Commercial Mortgage Corp.) chairperson, which in turn assigned its representative Victor Wei-chi Liu to take up the post.
2005/08/12
The board appointed Ming-jen Chen president.
2006/06/09
Waterland Securities Co., Ltd. conducted a capital reduction of NT$ 1,869,210,700 to NT$ 8,270,789,300.
2007/04/16
President of WFH, Mr. Ming-jen Chen, resigned.
2007/05/25
The board of directors appointed Mr. Harvey Liu President of WFH.
2007/12/06
Taiwan Cooperative Bank and Mega International Commercial Bank sold their WFH holdings through an auction on the Taiwan Stock Exchange. As the sales exceeded 50% of their holdings when they were elected WFH directors, their board seats were automatically revoked in accordance with Article 197 of the Company Law.
2008/06/27
The annual general meeting elected the Company-*-s Third-term Board of Directors and Supervisors.
2008/07/10
The newly formed board elected Hungmen Enterprise Co. chairperson. Mr. Steven Hung was appointed its representative to perform the duty.
2008/10/13
WFH unit Waterland Securities Co., Ltd. set up Waterland Securities (HK) Co., Ltd. through Waterland Securities (BVI) Co., Ltd., an investment arm.
2008/12/15
Shareholders of WFH unit Waterland Securities Co., Ltd. adopted the resolution to take over the six business outlets of Great Wall Securities Inc., including their fixed assets and operating interests.
2009/12/25
The board of WFH unit Waterland Securities Co., Ltd. approved the purchase of a 20% stake in Paradigm Asset Management Co., Ltd. The transaction was completed on February 10, 2010.
2010/12/21
Establishment of Waterland Securities (Asia) Ltd. by Waterland Securities Co., Ltd., via its subsidiary Waterland Securities (BVI) Co., Ltd.
2011/01/24
Paradigm Asset Management became a wholly owned subsidiary of Waterland Securities.
2011/06/24
The shareholders-*-meeting of the company elected the fourth-term board of directors and supervisors. In its turn, the board of directors elected Wea Chi-lin chairman on July 5 of the same year.
2012/01/19
WFH unit Waterland Venture Capital Co., Ltd. set up BVI-registered IBF Financial Holding Co., Ltd. with capitalization of US$13.10 million.
2012/05/23
Establishment of Guo-want International Leasing Corp.in China by Waterland Venture Capital Company.
2012/08/24
The board of directors of WFH unit Waterland Securities Co., Ltd. approved the dissolution or disposal of Waterland Securities (HK) Co., Ltd.
2013/06/07
WFH made a NT$210 million capital injection into unit Waterland Venture Capital Co., Ltd., raising the latter-*-s paid-in capital to NT$1.11 billion.
2013/07/17
WFH unit Waterland Venture Capital Co., Ltd. made a US$7 million capital injection into IBF Financial Holding Co., Ltd., raising the latter-*-s paid-in capital to US$20.10 million. On July 18, 2013, IBF Financial Holding made a US$7 million capital injection into Guo Want International Leasing Corp.
2013/08/06
On August 6, 2013, Guo Want International Leasing Corp. secured an updated business license for an entity capitalized at US$20 million.
2013/09/23
WFH unit Waterland Securities Co., Ltd. registered a capital decrease by deleting repurchased shares; its paid-in capital was reduced to NT$8,689,639,630.
2014/03/18
WFH made a NT$100 million capital injection into unit Waterland Venture Capital Co., Ltd., raising the latter-*-s paid-in capital to NT$1.21 billion.
2014/03/20
WFH unit Waterland Venture Capital Co., Ltd. made a US$2 million capital injection into IBF Financial Holding Co., Ltd., raising the latter-*-s paid-in capital to US$22.10 million. On the same day, IBF Financial Holding made a US$2 million capital injection into Guo Want International Leasing Corp., raising the latter-*-s paid-in capital to US$22 million. Later in the month, Guo Want International Leasing Corp. secured an updated business license for an entity capitalized at US$30 million.
2014/06/20
WFH shareholders held their annual general meeting to elect the 5th board of directors, which in turn elected Wea Chi-lin chairman and established an audit committee.
2014/06/27
WFH bought 208,854,353 common shares in Waterland Securities Co., Ltd. from unit International Bills Finance Corp., thus pushing the company-*-s Waterland Securities holdings to 504,761,323 shares or a 58.09% stake.
2014/08/13
WFH shareholders held an extraordinary general meeting to elect a new board director and an independent director, with the latter also appointed to the company-*-s audit committee.
2014/09/16
WFH unit Waterland Securities Co., Ltd. completed a NT$70,360,370 capital increase out of earnings and a NT$200,000,000 capital increase out of capital reserves, pushing its paid-in capital to NT$8,960,000,000. WFH-*-s Waterland Securities holdings rose to 520,465,911 shares while keeping its stake at 58.09%.
2014/11/26
WFH made a NT$250 million capital injection into unit Waterland Venture Capital Co., Ltd., raising the latter-*-s paid-in capital to NT$1.46 billion.
2014/12/18
WFH unit Waterland Venture Capital Co., Ltd. made an US$8 million capital injection into IBF Financial Holding Co., Ltd., raising the latter-*-s paid-in capital to US$30.1 million. On the same day, IBF Financial Holding made an US$8 million capital injection into Guo Want International Leasing Corp., raising the latter-*-s paid-in capital to US$30 million. Later, Guo Want International Leasing Corp. secured an updated business license for an entity with registered and paid-in capital of US$30 million.
2015/05/01
WFH unit Waterland Venture Capital Co., Ltd. completed an NT$80 million capital increase out of earnings, pushing its paid-in capital to NT$1.54 billion.
2015/09/21
WFH unit Waterland Securities Co., Ltd. completed a NT$140 million capital increase out of earnings, pushing its paid-in capital to NT$9.1 billion. WFH-*-s Waterland Securities holdings rose to 528,598,190 shares while keeping its stake at 58.09%.
2016/01/30
In 2015, WFH repurchased 40,000,000 shares, pushing its treasure stock to 90,000,000 shares. On January 30, 2016, WFH conducted treasury stock deletion, decreasing its paid-in capital to NT$26,764,861,800.
2016/05/28
From March 29 to May 28 in 2016, WFH re-purchased 40,000,000 shares amounting to NT$316,245,320 for assignment to employees.
2016/08/14
WFH completed the surplus to capital increase of NT$695,886,410; which resulted in the paid-up capital of NT$27,460,748,210.
II. Organizational Chart Date : 2016- 04

 

III. Directors and Supervisors Date : 2017- 8

Position

Name

Entity Represented

Academic Attainment

Experience

Chairman

Chi-Lin Wea

Ren Wang Co., Ltd.

Ph.D. in Economics, University of Paris

Master, Imperial College, University of London

Dean, Graduate Institute of International Business, National Taiwan University

Chairman,International Bills Finance Corp.

Secretary General of the Cabinet, Taiwan Governmen(Republic of China)

Chairman, Land Bank of Taiwan

Vice Chairman

Po-Chiao Chou

First Commercial Bank

B.S., Accounting, National Cheng Kung University

President & Managing Director of First Commercial Bank

Director

Steven Hung

Ren Wang Co., Ltd.

L.L.B., National Taiwan University

Chairman,Waterland Financial Holdings

Director

Chin-Yuan Kung

Ren Wang Co., Ltd.

Taipei Institute of Technology

Representative,
Lidu Real Estate(Shanghai) Co.,Ltd.

Director

Teng-Shan Tai

Taiwan Cooperative Bank

Executive Master of Business Administration,
National Tsing Hua University,Hsin-Chu,Taiwan

V.P.&General Manager,Seattle Branch of TCB in U.S.A.

S.V.P. & General Manager, International Banking Department, Taiwan Cooperative Bank

Deputy Managing Director, United Taiwan Bank

Director

Michael Chen

Hua Ji International Development Corp.

M.Sc., the London School of Economics and Political Science

Director, International Bills Finance Corp.

Director

Cheng-Lin,Chen

Ren Wang Co., Ltd.

Vanung University

Chairman of Pauguo Realestate Management Co., Ltd.

Director

Ho Chih-Chiang

Ren Wang Co., Ltd.

Master , University of Stirling

Vice Chairman, Waterland Securities Co., Ltd.

Director

James Y. L. Wei

Hua-Kang International Asset Management Corp.

Ph.D. in law, Wuhan University

Chief Attorney, Dacheng Law Offices Taiwan

Independent Director

Yeong-Chyan Wu

-

Ph.D. in law, University of Washington

President, Shih Hsin University

Professor of law, Dean of Student Affairs and Dean of School of Law,Shih Hsin University

Independent Director

Joanna Lei

-

Ph.D. Annenberg School, University of Pennsylvania

Director, Eastern Broadcasting Co.,Ltd.

Independent Director

Ching-Sung Wu

-

Ph.D.University of California,Los Angeles

Head and Director of Department and Graduate Institute of International Business, National Taiwan University

Independent Director

Wang, Yao-Shing

-

Master of Public Finance, National Chengchi University

Chairperson of the Board,Land bank of Taiwan

Director-general, Training Institute, Ministry of Finance, R.O.C.

Director-general, Bureau of Monetary Affairs, Ministry of
Finance, R.O.C

IV. Executive Officers Date : 2017- 4

Position

Name

Academic Attainment

Experience

President

Michael Y. J. Ding

Ph.D.in Economics, Indiana University

Chairman, Waterland Securities Co., Ltd.

Chairman, Waterland Futures Co., Ltd.

Chairman, Paradigm Asset Management Co., Ltd.

Chairman, Fubon Securities Investment Services Co., Ltd.

President & CEO, Fubon Asset Management Co., Ltd.

Chief Economist, Fubon Financial Holding Co., Ltd.

President & CEO, International Investment Trust Co., Ltd.

Head of Research & Chief Economist, Citigroup International Securities Ltd.(Taipei)

Vice President

Michael Chen

M.Sc.,the London School of Economics and Political Science

Director, International Bills Finance Corp.

Vice President

Andrew Chiu

MBA, University of Rochester

President, Paradigm Asset Management Co., Ltd.

V. Major Shareholders Date : 2017- 8

Name (Note) \Holdings

Number of Shares

Stake

JihSun International Bank as Custodian for Norwares Overseas Inc.

231,201,424

8.30%

Hotel Taipei Miramar Co., Ltd.

168,264,174

6.04%

First Commercial Bank

84,123,433

3.02%

Nice Commercial Mortgage Corp.

82,482,663

2.96%

Yong-Shin Development Co., Ltd.

60,221,885

2.16%

Taiwan Fire & Marine Insurance Co., Ltd.

58,822,662

2.11%

Ren Wang.Co., Ltd.

54,632,359

1.96%

Nice Investment Development Co., Ltd.

51,349,367

1.84%

Mayer Steel Pipe Corp.

50,873,032

1.83%

Taiwan Cooperative Bank

49,372,963

1.77%

VI. Stockholding Structure
( In share and % ; as of August 16, 2017)
VII. Capital & Shares Date : 2017- 8

Authorized Capital

NT$ 50,000,000,000

Paid-in Capital

NT$ 27,866,659,440

Common Stock

2,786,665,944 shares

Outstanding Stock

2,786,665,944 shares

Source of Capital

Conversion of Common Shares:
International Bills Finance Corp.:1,809,000,000 shares
Concourse Securities Co., Ltd.:171,236,367 shares
Grand Orient Securities Corp.:139,646,102 shares
Increase in share capital from earnings:605,236,321 shares
New shares from capital surplus:41,367,390 shares
Treasury stock deletion: 90,000,000 shares

VIII. Business Outlets Date : 2017- 04

International Bills Finance Corp.

9

Waterland Securities Co., Ltd.

25

Waterland Venture Capital Co., Ltd.

1