Cathay Financial Holdings: Subsidiary Cathay Life Clarifies Media Report by Mirror Weekly

1. Date of Incident: July 9, 115 2. Company Name: Cathay Life Insurance Co., Ltd. 3. Relationship with Company (Please enter 'Parent' or 'Subsidiary'): Subsidiary 4. Cross-shareholding Ratio: 100% 5. Media Outlet: Mirror Weekly 6. Report Content: Cathay's New Controversy / A Hundred Billion Project Allegedly Sacrificed Four Floors – Industry Insiders: Three Major Doubts Require Clarification from Cathay 7. Reason for Occurrence: To clarify media reports. 8. Response Measures: Issuance of a material information statement. 9. Other Matters to be Clarified: The initiation of our building construction is entirely based on the 'intended future use' for commissioning design and related operations. Area A is planned solely as a commercial complex (hotel, aquarium, cinema), with building height planned, applied for, constructed, and used according to needs. All procedures have been legal and compliant, and operations are currently normal.

Additionally, Area B is designed as a 'mixed-use office and commercial building,' with height determined according to future usage plans. There is no illegal collusion as speculated externally. Furthermore, all building permits for structures in Area B were legally applied for and approved by the competent authorities. Regarding concerns over exceeding height restrictions, we hope to promptly clarify relevant regulations and implement necessary changes in accordance with the rules, aiming to resolve this matter amicably as soon as possible.

Moreover, the media's implication that our company obtained building permits through improper connections is unverified and maliciously linked, which we deeply regret.

We reiterate that since our establishment over 60 years ago, we have consistently conducted all business operations in a lawful, professional, and honest manner. Whether it is the design, construction, or operation of Area A or Area B, all activities have been carried out in strict compliance with laws and regulations. We urge the public not to be influenced by unfounded speculative reports.