The supplement on behalf of Taiwan Life for announcement regarding issuance of cumulative subordinated corporate bonds made on 2025/5/9.

1.Date of the board of directors resolution:NA
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:
Taiwan Life Insurance Co., Ltd. 1st unsecured cumulative subordinated
corporate bonds in 2025. (Supplementary)
3.Whether to adopt shelf registration (Yes/No):No.
4.Total amount issued:NT$20.81 billion - Tranche A NT$10.21 billion;
Tranche B NT$10.6 billion. (Supplementary)
5.Face value per bond:NT$ 1 million. (Supplementary)
6.Issue price:100% issue at the par value.
7.Issuance period:Tranche A is 10 years, Tranche B is 15 years.(Supplementary)
8.Coupon rate:
The issue coupon rate of Tranche A is fixed rate at 3.75% per annum;
The issue coupon rate of Tranche B is fixed rate at 3.88% per annum.
(Supplementary)
9.Types, names, monetary values and stipulations of collaterals:None.
10.Use of the funds raised by the offering and utilization plan:To enhance own
capital and increase capital adequacy ratio.
11.Underwriting method:Public offering by underwriters. (Supplementary)
12.Trustees of the corporate bonds:Yuanta Commercial Bank Co., Ltd.
(Supplementary)
13.Underwriter or agent:CTBC Bank Co., Ltd. as the lead underwriter.
(Supplementary)
14.Guarantor(s) for the issuance:None.
15.Agent for payment of the principal and interest:CTBC Bank Co., Ltd.
(Supplementary)
16.Certifying institution:None.
17.Where convertible into shares, the rules for conversion:None.
18.Sell-back conditions:None.
19.Buyback conditions:After ten years of Tranche B issuance, if upon
calculation, Taiwan Life's RBC ratio after redemption is more than the
required minimum RBC ratio at the time of calculation, with the consent of
the Competent Authority, the bonds may be redeemed earlier at face value plus
interest payable.(Supplementary)
20.Reference date for any additional share exchange, stock swap, or
subscription:None.
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:None.
22.Any other matters that need to be specified:
The issuance of this bond has been approved by the competent authorities,
and would apply to the Taipei Exchange for listing. (Supplementary)