Announced on behalf of Taiwan Life Insurance Co., Ltd. for the change in accounting estimated approach after the start date of fiscal year 2025.

1.Date of the board of directors' resolution:2025/11/28
2.Nature of the change:In accordance with Article 6 of “Regulations Governing
the Preparation of Financial Reports by Insurance Enterprises”, Taiwan Life
planned to change the accounting estimates for the right of superficies on
Lot 15, Jingmao Section, Nankang District, Taipei City.
3.Reason for the change:The term of the right of superficies on Lot 15,
Jingmao Section, Nankang District, Taipei City was extended for 40 years.
To reflect the economic substance of the assets, Taiwan Life planned to
re-evaluate the useful life of the right-of-use asset.
4.Changed period for retrospective application of the new accounting policy:
NA
5.The line items affected and the actual effect for the year
before accounting change:NA
6.Actual effect on the opening balance of retained earnings for
the past accounting year:NA
7.The reasonableness and necessity for the change in accounting policy
or accounting estimate after the beginning of the accounting year:The term
of the right of superficies on Lot 15, Jingmao Section, Nankang District,
Taipei City was extended for 40 years. Taiwan Life planned to change
the useful life of the right-of-use asset from 45 years to 85 years
in accordance with the date of signing the extension contract with Taiwan
Fertilizer Co., Ltd. to reflect the economic substance of the assets.
8.If the decided effect is impracticable, specify the reasons
why retrospective application is impracticable, and how and from
when the accounting policy change will be applied:NA
9.If the decided effect is impracticable, the opinion provided by the CPA
 about the effect of the audit opinion for the accounting year
preceding the accounting change:NA
10.Opinion expressed by the CPA regarding itemized analysis
of reasonableness:According to the CPA’s reviewed opinion, it is reasonable
and necessary regarding the change in estimates.
11.Objection or reservation opinion from the independent directors:None
12.Countermeasures:None
13.Any other matters that need to be specified:Changes in accounting estimates
by the relevant board resolutions are subject to approval by the competent
authority.