CTBCFH announce on behalf of CTBC Insurance Co., Ltd. to explain the penalty by the FSC

1.Date of occurrence of the event:2023/01/17
2.Circumstances of the violation:CTBC Insurance Co., Ltd. has violated
relevant laws of the Insurance Act and Regulations Governing Pre-sale
Procedures for Insurance Products while conducting insurance related
business.
3.Monetary amount of fines:NT$1,800,000
4.Status of the injunction by the respective competent authority:CTBC
Insurance Co., Ltd. was fined NT$1,800,000
5.Intended improvement measures:CTBC Insurance Co., Ltd. will adjust
related procedures and improve control system based on the FSC's
instructions.
6.Effect on the Company’s business operations:NA
7.Any other matters that need to be specified:NA