Announced on behalf of our subsidiary,Taiwan Life Insurance Co., Ltd., regarding Russia's sovereign bond and Gazprom's foreign currency bond impairment

1.Date of occurrence of the event:2022/04/08

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% subsidiary of CFHC

5.Cause of occurrence:according to IFRS(International Financial Reporting

Standards) 9

6.Countermeasures:N/A

7.Any other matters that need to be specified:The total investment cost of

Russia's sovereign bond and Gazprom's foreign currency bond is NTD$9,670,451

thousand.Russia may not have the ability to pay the principle and interest

payments of outstanding bonds due to the sanctions imposed on Russia over

Ukraine invasion.NTD$581,554 thousand loss would be caused by imparment

amount on March 31st, 2022.