CTBC Financial Holding Co., Ltd, announce on behalf of Taiwan Life to explain the penalty by the FSC

1.Date of occurrence of the event:2022/08/10
2.Circumstances of the violation:Taiwan Life has violated relevant laws of the
Insurance Act while conducting insurance related business.
3.Monetary amount of fines:NT$1,800,000
4.Status of the injunction by the respective competent authority:Taiwan Life
was fined NT$1,800,000.
5.Intended improvement measures:Taiwan Life will adjust related procedures
and improve control system based on the FSC's instructions.
6.Effect on the Company’s business operations:None
7.Any other matters that need to be specified:None