Mega Bank Annual Report 2017

103 Annual Report 2017 214! 11. RELATED PARTY TRANSACTIONS (1) Parent and ultimate controlling party The Bank and sub sidiaries are controlled by Mega Financial Holding Co., Ltd, which owns 100% of the Bank’s shares. The ultimate controlling party of the Bank and subsidiaries is Mega Financial Holding Co., Ltd. (2) Names of the related parties and their relationship with the Bank Names of related parties Short name of related parties Relationship with the Bank Mega Bills Finance Co., Ltd. Mega Bills Jointly controlled by Mega Financial Holdings Mega Securities Co., Ltd. Mega Securities Jointly controlled by Mega Financial Holdings Mega Investment Trust Co., Ltd. Mega Investment Trust Jointly controlled by Mega Financial Holdings Chung Kuo Insurance Co., Ltd. Chung Kuo Insurance Jointly controlled by Mega Financial Holdings Mega Asset Management Co., Ltd. Mega Asset Jointly controlled by Mega Financial Holdings Mega CTB Venture Capital Co., Ltd. Mega Venture Jointly controlled by Mega Financial Holdings Mega Life Insurance Agency Co., Ltd. Mega Life Insurance Agency Jointly controlled by Mega Financial Holdings Mega International Investment Service Corp. Mega International Investment Service Jointly controlled by Mega Financial Holdings Mega Futures Co., Ltd. Mega Futures Jointly controlled by Mega Financial Holdings Chunghwa Post Corporation Limited Chungwha Post Director of Mega Financial Holdings Bank of Taiwan Corp. Bank of Taiwan Director of Mega Financial Holdings Yung-Shing Industries Co. Yung-Shing Industries Subsidiary of the Bank China Products Trading Company China Products Subsidiary of the Bank Mega Management Consulting Co., Ltd. Mega Management Consulting Subsidiary of the Bank Cathay Investment & Development Corporation (Bahamas) Cathay Investment (Bahamas) Subsidiary of the Bank Cathay Investment & Warehousing Co., S.A. Cathay Investment & Warehousing (Panama) Subsidiary of the Bank Win Card Co., Ltd. Win Card Indirect subsidiary of the Bank ICBC Assets Management & Consulting Co., Ltd. ICBC Consulting Indirect subsidiary of the Bank Mega 1 Venture Capital Co., Ltd. Mega 1 Venture Equity investees Everstrong Iron & Steel Foundry & Mfg Corp. Everstrong Iron Steel Equity investees China Real Estate Management Co., Ltd. China Real Estate Equity investees Taiwan Finance Co., Ltd. Taiwan Finance Equity investees An Feng Enterprise Co., Ltd. An Fang Equity investees Ramlett Finance Holdings Inc. Ramlett Equity investees Mega Growth Venture Capital Co., Ltd. Mega Growth Venture Capital Equity investees Universal Venture Capital Investment Corporation Universal Venture Capital Equity investees Others Certain directors, supervisors, managers and relatives of the Bank’s chairman and general manager (3) Major transactions and balances with related parties A. Due from and due to banks For the year ended December 31, 2017 Balance as of December 31 Highest Outstanding Balance Interest Rate (%) Total Interest Income (Expense) (In NT Thousand Dollars) Due from banks Fellow subsidiary: Mega Bills $ 1,566,832 $ 5,761,713 0.33%~3.10% (Note1) $ 24,752 Other related parties: Bank of Taiwan 20,025,740 32,849,722 0.04%~16.00% 447 Due to banks Other related parties: China Post $ 2,374,693 $ 2,954,934 1.06%~1.16% ( $ 31,342 ) Bank of Taiwan 2,402,086 21,290,124 0.17%~6.05% ( 348 )