Announced on behalf of our subsidiary, CTBC Insurance Co., LTD. ,the Capital reduction plans to offset company losses by the board of directors

1.Date of the board of directors resolution:2023/05/31

2.Reason for capital reduction:Capital reduction plans to offset

company losses

3.Amount of capital reduction:NTD6,500,000,000.00

4.Cancelled shares:650,000,000 shares

5.Capital reduction percentage:99.99%

6.Share capital after capital reduction:NTD10.00

7.Scheduled date of the shareholders meeting:NA

8.Estimated no.of listed common shares after issuance of new shares

upon capital reduction:NA

9.Estimated ratio of listed common shares after issuance of new shares upon

capital reduction to outstanding common shares:NA

10.Please explain any countermeasures for lower circulation in

shareholding if the aforesaid estimated no.of listed common shares upon

capital reduction does not reach 60 million and the percentage does not

reach 25%:NA

11.The record date for capital reduction:NA

12.Any other matters that need to be specified:The capital reduction

following approval from Authority