The Financial Supervisory Commission announced penalty on the Mercuries Life Insurance Company Ltd. of TWD 2.4 million for the violation of the Insurance Act. Date of occurrence of the event is May 17, 2024. Circumstances of the violation: The Company breached the insurance related laws and regulations and therefore the Financial Supervisory Commission fined the Company TWD 2.4 million in accordance with the Paragraph 4, Article 171-1 of Insurance Act.

Status of the injunction by the respective competent authority: The FSC fined the company TWD 2.4 million in accordance with Paragraph 4, Article 171-1 of Insurance Act. Intended improvement measures: The Company has taken relevant corrective measures according to the FSC?s requirements.