E.Sun Financial to Inject NT$16 Billion into SanShang Life; Cash Increase Benchmark Date Set for September 29

E.Sun Financial Holding (2884-TW), on behalf of its life insurance subsidiary SanShang Life, issued a major announcement today (24th), officially confirming that the benchmark date for the private placement of ordinary shares through a cash capital increase has been set for September 29. The total amount of this cash capital increase is NT$16 billion, with 780 million shares issued at an approximate price of NT$20.51 per share, fully subscribed by the parent company, E.Sun Financial Holding. Chairman Huang Nanzhou of E.Sun Financial recently stated that an additional NT$6 billion will be injected in 2027, without the need to raise funds from shareholders.

Following the official merger of SanShang Life into E.Sun Financial Holding on September 1 this year, the group immediately launched an asset strengthening plan. Huang previously clearly stated during a corporate briefing that the primary goal after SanShang Life's integration into the group is 'Back to Health,' and plans to inject a total of NT$22 billion over this year and next, fully funded through capital increases by the holding company, without raising funds from external shareholders.

With today's announcement, the first phase of NT$16 billion will be paid in and injected on September 29, primarily to increase own capital, strengthen operating funds, enhance financial structure, and improve capital adequacy ratios. According to E.Sun's plan, after the NT$16 billion injection this year, SanShang Life's year-end TIS (capital adequacy ratio) is expected to reach a healthy level of 125%. An additional NT$6 billion is planned for injection next year to further complete capital structure strengthening.

In addition to capital support, E.Sun Financial Holding will drive reforms across four areas—product structure, sales channels, digital technology, and asset management—to bring life insurance operations back onto a sound growth trajectory.

Furthermore, integration synergies are progressing. The Fair Trade Commission approved yesterday (23rd) E.Sun Financial Holding's acquisition of 100% of 'SanShang Meipang Insurance Agency,' determining that the merger has limited impact on the domestic insurance agency market structure and poses no significant competition concerns, thus allowing the combination. As subsidiary capital and business channels are progressively integrated, E.Sun Financial Holding's group-wide synergies are expected to accelerate and become more evident.