Announced by CTBC FHC on behalf of Taiwan Life the impact of the first-time adoption of IFRS 17.
1.Date of occurrence of the event:2026/03/12
2.Company name:Taiwan Life Insurance Co., Ltd.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):Subsidiaries
4.Reciprocal shareholding ratios:CTBC 100% shareholding
5.Cause of occurrence:
Taiwan Life announced the impact of the first-time adoption of
IFRS 17.
6.Countermeasures:N/A
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
Taiwan Life announced that, due to the first-time adoption of IFRS 17 and
the reclassification of financial assets, shareholders’equity
decreased by approximately NT$13.5 billion.