Approved foreign exchange business in March 2024

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

1.CTBC Bank to issue eight dollar-denominated senior unsecured structured notes linked to equity derivatives.

2.Cathay Securities to authorize branches to sell foreign exchange derivatives.

3.Cathay Securities Investment Consulting Co., Ltd. to act as the local mandated agent of an offshore fund institution and conduct private placement to specified counterparties.

4.LINE Bank Taiwan Limited (LINE Bank) to conduct NTD and foreign currency non-discretionary trust funds investing in foreign-currency denominated securities.

5.As of the end of March 2024, there were 3,469 authorized banks, including 3,429 domestic banks, 3 Mainland banks, and 37 foreign banks.