Approved foreign exchange business in December 2021

In line with the policy of promoting the liberalization, internationalization, and development of the foreign exchange market, the Bank approved the following:

1. Hua Nan Commercial Bank to engage in principal protected structured products composed of domestic equity (includingindex) options linked to foreign currency principals.

2. United Overseas Bank Taipei Branch to engage in foreign exchange rate options.

3. Two branches of two banks to operate the foreign exchange business. As of the end of December 2021, there were 3,465 authorized banks, including 3,427 domestic banks, 3 Mainland banks, and 35 foreign banks.