Approved foreign exchange business in June 2022

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

1. Pictet SICE（Taiwan）Limited to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties.

2. Fubon Futures Co., Ltd., concurrently operating a leverage transaction merchant, to conduct foreign currency denominated contracts for differences（CFDs）linked to gold and crude oil prices.

3. One branch of one bank to operate the foreign exchange business. As of the end of June 2022, there were 3,458 authorized banks, including 3,419 domestic banks, 3 Mainland banks, and 36 foreign banks.