Announcement on behalf of Taiwan Life, disposal of China-U.S. Industrial Cooperation Offshore Partnership, L.P.and other 9 Private Funds

1.Name and nature of the underlying security (if preferred shares, the terms

and conditions of issuance shall also be indicated, e.g., dividend yield):

China-U.S. Industrial Cooperation Offshore

Partnership, L.P.and other 9 Private Funds

Private Fund

2.Date of occurrence of the event:2025/05/27

3.No., unit price, and monetary amount of the transaction:

N.A.; N.A.; The amount disposed by the Company would be

about USD 460 million

4.Counterparty to the trade and its relationship to the company (if the

trading counterparty is a natural person and not a related party of the

company, its name is not required to be disclosed):

Stepstone Bronze Secondary Opportunities Fund, LLC

Relation of company: not related

5.Where the counterparty to the trade is a related party, an announcement

shall also be made of the reason for choosing the related party as trading

counterparty and the identity of the previous owner, including its

relationship with the company and the trading counterparty, the price of the

ownership transfer, and date of transfer:N.A.

6.Where the owner of the underlying securities within the past five years

has been a related party of the company, an announcement shall also include

the dates and prices of acquisition and disposal by the related party and

its relationship with the company at the time:N.A.

7.Matters related to the creditor’s rights currently being disposed of

(including type of collateral of the disposed creditor’s rights; if the

creditor’s rights are creditor’s rights over a related party, the name of

the related party and the book amount of such creditor’s rights currently

being disposed of must also be announced):N.A.

8.Profit (or loss) from the disposal (not applicable in cases of acquisition

of securities) (where originally deferred, the status or recognition shall

be stated and explained):

The amount of anticipated profit is about USD 140 million

9.Terms of delivery or payment (including payment period and monetary

amount), restrictive covenants in the contract, and other important

stipulations:

The disposal of China-U.S. Industrial Cooperation

Offshore Partnership, L.P.and other 9 Private Funds

were approved following the authorization procedure of company.

The amount of the disposal is about USD 460 million.

The monetary amount is adjusted by contract-price adjustment mechanism;

other important stipulations:In accordance with the related purchase

and sale agreements

10.The manner in which the current transaction was decided, the reference

basis for the decision on price, and the decision-making unit:

Reference is made by Capital Account Statements issued by 10 private funds

in connection with respective NAV, external advisor's valuation analysis

reports and a fairness opinion issued by Greenfield CPA&Co. Taiwan;

The decision-making is following the authorization procedure of company

11.Net worth per share of company of the underlying securities acquired or

disposed of:N.A.

12.The discrepancy between the reference price of private placement company

and the transaction amount per share is 20 percent or more:N.A.

13.Current cumulative no., amount, and shareholding ratio of the securities

being traded (including the current transaction) as of the date of

occurrence and status of any restriction of rights (e.g.,pledges):

N.A.;0;0%

Restriction of rights:No.

14.Privately placed securities (including the current transaction) as a

percentage of total assets of the company and shareholder’s equity of the

parent company on the latest financial statements, and the operating capital

on the latest financial statements as of the date of occurrence:

2%;33%

Operating capital:N.A.

15.Broker and broker's fee:N.A.

16.Concrete purpose or use of the acquisition or disposition:

In compliance with Insurance Law, for the use of the insurance funds.

17.Whether the directors expressed any objection to the present transaction:

N.A.

18.Whether the trading counterparty is a related party:No.

19.Date of approval by board of directors:N.A.

20.Recognition date by supervisors or approval date by audit committee:N.A.

21.Whether the CPA issued an opinion on the unreasonableness of the current

transaction:No.

22.Name of the CPA firm:Greenfield CPA&Co.

23.Name of the CPA:HSU,MING-HSIUNG

24.License no.of the CPA:Taipei CPA Association No.3723

25.Any other matters that need to be specified:No.