CTBC Holding on behalf of its subsidiary, Taiwan Life Insurance Company, withdraw restrictions for Managerial officer to engage in competitive conduct.

1.Date of the board of directors resolution:2022/09/30

2.Name and title of the managerial officer with permission to engage in

  competitive conduct:

KUO, LUN / Taiwan Life Insurance Co., Ltd. / Senior Vice President

3.Items of competitive conduct in which the officer is permitted to engage:

KUO, LUN / CTBC Securities Investment Service Co., Ltd. / Supervisor

4.Period of permission to engage in the competitive conduct:

During the period serving as managerial officer of the Company.

5.Circumstances of the resolution (please describe the results of voting in

accordance with Article 32 of the Company Act):

Approved by the board of directors.

6.If the permitted competitive conduct belongs to the operator of a mainland

China area enterprise, the name and title of the managerial officer

(if it is not the operator of a mainland China area enterprise, please enter

“N/A” below):N/A

7.Company name of the mainland China area enterprise and the officer's

position in the enterprise:N/A

8.Address of the mainland China area enterprise:N/A

9.Operations of the mainland China area enterprise:N/A

10.Impact on the company's finance and business:N/A

11.If the managerial officer has invested in the mainland China area

enterprise, the monetary amount of the investment and the officer's

shareholding ratio:N/A

12.Any other matters that need to be specified:N/A