CTBC Financial Holding Co., Ltd. announced that director Chun-Ko Chen temporarily acts on behalf of Chairman during the period that Board of Directors is going to elect the acting Chairman. Cause of occurrence: Chairman Wen-Long Yen and Vice Chairman Thomas K.S. Chen are suspended from acting the Director's duties for six months and one year respectively, pursuant to FSC Penalty Letter No. 11202171841, effective from the day after the Company receives the Penalty Letter.

Countermeasures: Director Chun-Ko Chen temporarily acts on behalf of Chairman during the period that Board of Directors is going to elect the acting Chairman.