Taichung Commercial Bank: TCB Board of Directors decides to increase the registered capital by recapitalization of profits in 2021.


1.Date of the board of directors resolution:2022/02/24
2.Source of capital increase funds:earning of fiscal year in 2021.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):NT$2,269,260,280 and
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A.
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A.
7.Par value per share:NT$10.
8.Issue price:N/A.
9.Number of shares subscribed for by or allocated to employees:None.
10.Number of shares publicly sold:N/A.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:50 shares distributed gratis per 1,000 share.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:For any fractional shares which are less than one full share,
shareholders could apply for combining the fractional shares into integer
within 5 days after the distribution of stock record date. For fractional
shares which are not combined within a designate time period or after
combined by the shareholders but still unable to compose a whole number
of share, the holders will be distributed of cash in a dollar amount
calculated at par value. Such remainder fractional shares will be
subscribed by designated individuals arranged by the chairman authorized
by the Board.
13.Rights and obligations of these newly issued shares:Same as the issued
and existing shares.
14.Utilization of the funds from the capital increase:For retaining working
capital, strengthening financial position, and rising capital adequacy
15.Any other matters that need to be specified:
(1)If the outstanding shares changed due to recapitalization through
   offering new common shares, conversion of convertible financial bonds,
   exercise of employee stock options, and the transactions, conversion,
   cancelation of treasury stock result in the distributing ratio of stock
   dividends changed, the final ratio will be determined fully by the Board
   authorized by Shareholders' Meeting.
(2)The ex-rights date will be determined fully by the Board authorized by
   Shareholders' Meeting after the case is approved by the authorities.
(3)If the case needs to be changed by the authorities, it will be
   determined fully by the Board authorized by Shareholders' Meeting.

Sallie R. Loera