(Revised)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.Items changed in the business plan and reasons:After considering and judging
the reasonableness of the relevant facts and evidence by the company's
management, Taiwan Life Insurance Co., Ltd. decided to change its business
model on 2022/09/30.
2.Date of change of the business plan:2022/09/30
3.Effect on company finances and business: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 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.
4.Any other matters that need to be specified:Compared with 2022/09/30, the
amount of consolidated shareholders' equity of parent holding company
increased approximately NT$33.741 billion, and the equity to asset ratio
increased approximately from 4.37% to 4.79% under the reclassification (the
impact above was unaudited).
Note:This material information also complies with the items that have a
significant impact on shareholders right or the price for the securities
referred to in Article 7, Paragraph 8 of the Securities and Exchange Act
Enforcement Rules.