On behalf of Taiwan Life, we announce the change in business model for managing financial assets, and the reclassification date of financial assets was 2022/10/01.

1.Date of occurrence of the event:2022/10/27

2.Company name:Taiwan Life Insurance Co., Ltd.

3.Relationship to the Company (please enter ”head office” or

  ”subsidiaries”):subsidiaries

4.Reciprocal shareholding ratios:100%

5.Cause of occurrence:The event was reported to the Board

 of Directors today.

6.Countermeasures:N/A

7.Any other matters that need to be specified:Taiwan Life Insurance Co., Ltd.

 (”Taiwan Life”) decided to change its business model on 2022/09/30.

Therefore, the reclassification date should be 2022/10/01 according to IFRS

 9. The event was reported to the Board of Directors today. The related

impact will be reflected in the financial report for the fourth quarter of

2022. Compared with 2022/09/30, the amount of consolidated shareholders'

equity increased more than NT$30billion, and the equity to asset ratio is

around 5% under the reclassification (the impact above was unaudited).

Taiwan Life will handle follow-up matters in accordance with the relevant

regulations of FSC.