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總行臺 中 市 西 區 民 權 路 8 7 號 電 話 ： 0 4 - 2 2 2 3 6 0 2 1 No.87, Min-Chuan Road, Taichung, Taiwan, R.O.C.
We Do Our Best For You
2015Stock Code:2812
An
nu
al R
ep
ort 2
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Date of publication:March 2016 Website:http://www.tcbbank.com.tw M.O.P.S:http://mops.twse.com.tw
Annual Report
Taichung Commercial Bank Company LimitedAddress:No. 87, Min Chuan Road, Taichung, Taiwan, R.O.C.
Tel.:(04)2223-6021
Website: http://www.tcbbank.com.tw
Company SpokesmanName: Chi-Chuan Fang
Job title: Executive Vice President
Tel.:(04)2223-6021
Email:[email protected]
Acting SpokesmanName: Hsueh-Hsuan Liao
Job title: Executive Vice President
Tel.:(04)2223-6021
Email:[email protected]
Shares RegistrarName: by internal function
Address:11F., No. 50, Sec. 1, XinSheng South Road, ZhongZheng District, Taipei,
Taiwan, R.O.C.
Website: http://www.tcbbank.com.tw
Tel.:(02)2395-7388
Credit Rating AgencyName: Fitch Australia Pty Ltd, Taiwan Branch
Address: Suite 1306, 13F., No. 205, Tun Hwa N. Road, Taipei, Tawian, R.O.C.
Tel.:(02)8175-7600
External Auditors in the Most Recent YearName of CPA firm: Deloitte & Touche
Name of CPA: Wen-Ya Hsu & Kuan-Chung Lai
Address:12F., No. 156, MinSheng East Road, Sec. 3, Song Shan District, Taipei,
Taiwan, R.O.C.
Website: http://www.deloitte.com.tw
Tel.:(02)2545-9988
Name of any exchanges where the Company's securities are traded overseas, and the
method by which to access information on said offshore securities : None
Taichung Commercial Bank
Chairman :
Chun-Sheng Lee
Index
ONE. MESSAGE TO THE SHAREHOLDERS .................................................................................................................. 1
TWO. A PROFILE OF TAICHUNG BANK ..................................................................................................................... 5
THREE.CORPORATE GOVERNANCE REPORT ........................................................................................................... 6
I. ORGANIZATION SYSTEM .............................................................................................................................................. 6 II. PROFILES OF DIRECTORS, PRESIDENT, EXECUTIVE VICE PRESIDENTS, ASST. VP, AND SUPERVISORS OF THE VARIOUS
DEPARTMENTS AND BRANCHES .................................................................................................................................... 9 III. REMUNERATION TO DIRECTORS, PRESIDENT AND EXECUTIVE VICE PRESIDENTS, AND ALLOCATION OF
REMUNERATION TO EMPLOYEES IN THE MOST RECENT YEAR ..................................................................................... 22 IV. THE STATUS OF CORPORATE GOVERNANCE .............................................................................................................. 27 V. DISCLOSURE OF THE ACCOUNTANT’S FEE .................................................................................................................. 41 VI. CHANGES OF ACCOUNTANTS: THE REPLACEMENT OF ACCOUNTANT IN THE LAST TWO YEARS WAS DUE TO THE
INTERNAL ROTATION OF THE CPA FIRM ...................................................................................................................... 42 VII. THE CHAIRMAN, PRESIDENT, CHIEF FINANCIAL OR ACCOUNTING MANAGER OF THE BANK WHO HOLDS POSITION IN
THE BUSINESS UNDER THE COMMISSIONED CPA FIRM OR ITS AFFILIATES ................................................................... 42 VIII. IN THE MOST RECENT YEAR TO THE DATE THIS REPORT WAS PRINTED, DIRECTORS, MANAGERS, AND THE PARTIES
STATED IN ARTICLE 11 OF THE REGULATIONS GOVERNING THE PERCENTAGE OF HOLDING OF VOTING SHARES
ISSUED BY PARTICULAR BANK BY PARTICULAR PERSON OR PARTICULAR RELATED PARTY THAT REQUIRED THE
DECLARATION OF THE HOLDING OF EQUITY SHARES IN THE TRANSFER OF SHARES OR PLEDGE OF SHARES UNDER LIEN, AND ANY CHANGE THEREOF ....................................................................................................................................... 42
IX. INFORMATION ON SHAREHOLDERS AMONG THE TOP 10 BY PROPORTION OF SHAREHOLDING WHO ARE STAKEHOLDERS
TO ONE ANOTHER OR SPOUSE, KINDRED WITHIN THE 2ND TIER UNDER THE CIVIL CODE .............................................. 47 X. QUANTITY OF SHAREHOLDINGS OF THE SAME INVESTEE BY THE BANK AND DIRECTORS, PRESIDENTS, EXECUTIVE
VICE PRESIDENTS, ASST. EXECUTIVE VICE PRESIDENTS, SUPERVISORS OF THE VARIOUS DEPARTMENTS AND
BRANCHES, AND DIRECT OR INDIRECT SUBSIDIARIES IN PROPORTION TO THE COMBINED HOLDINGS ........................... 48 FOUR. STATUS OF CAPITAL PLANNING .................................................................................................................... 49
I. SHARES AND DIVIDENDS ............................................................................................................................................ 49 II. ISSUANCE OF FINANCIAL BONDS................................................................................................................................ 53 III. NO PREFERRED SHARE, OVERSEAS DEPOSITORY RECEIPT, EMPLOYEE STOCK OPTIONS, AND MERGERS AND
ACQUISITIONS OR ACCEPTANCE OF THE ASSIGNED INSTRUMENTS FROM OTHER FINANCIAL INSTITUTIONS ................. 58 IV. IMPLEMENTATION OF FUND UTILIZATION PLAN ......................................................................................................... 58 FIVE. OPERATION PROFILE .......................................................................................................................................... 59
I. BUSINESS CONTENTS ................................................................................................................................................. 59 II. EMPLOYEES ............................................................................................................................................................... 70 III. ENTERPRISE RESPONSIBILITIES AND ETHICAL BEHAVIOR .......................................................................................... 72 IV. NUMBER OF NON-EXECUTIVE BANKING STAFF, AVERAGE FRINGE BENEFIT OF EMPLOYEE IN THE YEAR AND THE
DIFFERENCE FROM THE PREVIOUS YEAR ..................................................................................................................... 73 V. IT EQUIPMENT ........................................................................................................................................................... 73 VI. LABOR-MANAGEMENT RELATIONS ........................................................................................................................... 76 VII. NO LOSS OR COMPENSATION FOR THE TIME BEING ..................................................................................................... 77 VIII. SECURITIZED PRODUCTS AND RELATED INFORMATION .............................................................................................. 77 SIX. FINANCIAL STATUS................................................................................................................................................. 78
I. THE CONSOLIDATED BALANCE SHEET AND COMPREHENSIVE INCOME STATEMENT WITHIN THE LAST FIVE YEARS -
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) .................................................................................... 78
II. BALANCE SHEET AND INCOME STATEMENT FROM THE MOST RECENT YEARS – R.O.C. GAAP ................................... 82 III. FINANCIAL ANALYSIS FOR THE MOST RECENT FIVE YEARS ......................................................................................... 85 IV. AUDIT COMMITTEE’ REVIEW REPORT ON THE FINANCIAL STATEMENT OF 2015 ......................................................... 94 V. CONSOLIDATED FINANCIAL STATEMENTS 2015........................................................................................................... 94 VI. FINANCIAL STATEMENTS 2015 .................................................................................................................................... 94 VII. IN THE CASE OF ANY INSOLVENCY OF THE BANK AND ITS AFFILIATES ......................................................................... 94 SEVEN. REVIEW AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS, AND RISK
MANAGEMENT MATTERS ................................................................................................................................ 95
I. FINANCIAL ANALYSIS ................................................................................................................................................. 95 II. FINANCIAL PERFORMANCE ANALYSIS ........................................................................................................................ 96 III. CASH FLOW ................................................................................................................................................................ 96 IV. THE MATERIAL EFFECT ON FINANCIAL STRUCTURE FROM SUBSTANTIAL CAPITAL EXPENDITURE IN THE LAST FEW
YEARS ........................................................................................................................................................................ 98 V. DIRECT INVESTMENT POLICY, THE MAIN REASONS FOR PROFIT OR LOSS, AND CORRECTIVE ACTION PLAN IN THE MOST
RECENT YEAR, AND INVESTMENT PLAN IN THE NEXT YEAR ....................................................................................... 100 VI. RISK MANAGEMENT ................................................................................................................................................ 101 VII. CRISIS MANAGEMENT MECHANISM .......................................................................................................................... 108 VIII. OTHER IMPORTANT NOTES ........................................................................................................................................ 108 EIGHT. SPECIAL NOTES ............................................................................................................................................... 109
I. INFORMATION REGARDING THE BANK’S SUBSIDIARIES ............................................................................................. 109 II. IN THE MOST RECENT YEAR TO THE DATE THIS REPORT WAS PRINTED, PRIVATE PLACEMENT OF SECURITIES AND
BANK DEBENTURES .................................................................................................................................................. 114 III. IN THE MOST RECENT YEAR TO THE DATE THIS REPORT WAS PRINTED, THE HOLDING OR DISPOSITION OF THE SHARES
OF THE BANK HELD BY THE SUBSIDIARIES ............................................................................................................... 114 IV. OTHER SUPPLEMENTARY DISCLOSURE: NONE. ........................................................................................................ 114 V. THE OCCURRENCE OF EVENTS AS STATED IN ARTICLE 36-3-(2) OF THE SECURITIES AND EXCHANGE ACT IN
THE PREVIOUS YEAR TO THE DATE THIS REPORT WAS PRINTED AND THE INFLUENCE ON SHAREHOLDERS’ EQUITY OR
STOCK PRICE ............................................................................................................................................................ 114 NINE. BRANCHES OF TAICHUNG COMMERCIAL BANK AT A GLANCE ........................................................ 115
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One. Message to the Shareholders I. Business result in 2015
(I) Domestic and foreign financial environment
Global economic performance in 2015 was moderate. However, the rise in interest rates in the US and the sustained QE policy in Japan and the Euro Zone hampered the performance of the global money market. Furthermore, the depreciation of the RMB triggered the depreciations of the currencies in many newly emerged economies. It was echoed with the continued decline of international oil price. The result is turbulence in international stock markets. As such, the economic outlook worldwide is clouded with uncertainties. The slowdown of economic growth in Taiwan compelled the Central Bank to cut interest rate. In early 2016, prominent economic forecasting institutions are still cautious in their points of view, but they tended to be positive about the economic recovery in the US, Japan, and the EU. With the intensification of competition across the straits in industry and international trade, the Directorate-General of Budget, Accounting and Statistics of Executive Yuan hold conservative view about the economic outlook of the year and projected economic growth at only 1.47%.
(II) Changes in organization
1. The Bank established the “Consumer Banking Department” in November 2015 with a view to the reinforcement of the foundation for the development of its core business and the size of private banking to speed up the expansion in the territory of consumer banking.
2. The “Treasury Marketing Department” was established in December 2015 aiming at the development of financial products and services and the financial investment market to satisfy the institutional investors and corporate accounts in flexible asset allocation.
(III) Operating result of business plans and strategies
1. In 2015, TCB had corporate earnings amounting to NTD 3.477 billion with ROE at 9.19%. Total assets amounted to NTD 575.631 billion, which indicated growth of NTD 45.58 billion from the same period of the previous year.
2. TCB has planned to further refine the professional division of labor among the sale personnel and business in order to build up a professional marketing model. This is the response to the significant change in market environment and meeting the needs of business expansion for a wider array of income sources to the Bank. In concrete term, the Bank will fortify the strength of its front line staff and related operation personnel with focus on the development of relevant functional areas of banking.
3. Under “the Project of Facilitation of Financing for Small and Medium Enterprises by Domestic Banks” (8th Term), the Bank was conferred the award of Balanced Regional Development in Financing Small and Medium Enterprises. With the incentives provided, the Bank adjusted its existing channels by establishing the Datong Branch, so that there are total 11 branches in Greater Taipei Area. With this network, the services across the country could be better developed.
4. In 2015, asset quality of the Bank met the regulatory standard of the competent authority under the cautious risk management and lending policies of the Bank, including the ratio of the provision of Class I loan asset, NPL rate, and capital adequacy ratio. With strict discipline for the regulation of trade and a viable system for risk control, the Bank can maintain stability and vitality in the position of financial assets and overall financial position.
5. From 2015 onward, the Bank started to offer the “LOHAS Retirement Trust” to meet the needs of the aging society and declining birth rate. This program also aims at the caring of the social misfortunes and is the support to the advocacy of the Financial
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Supervisory Commission (FSC) in launching the “Trust Service for the Elderly and the Handicapped”. Through the function of trust, the elderly and the handicapped could have the peace of mind over their property and care. This is the manifestation of corporate social responsibility of the Bank.
6. The Taichung Commercial Bank Leasing (Suzhou) Ltd. has established 2 branches in Zhengzhou and Changsha, respectively. These branches connected the locations at Suzhou, Xiamen, and Chengdu and expanded the business territory of leasing and financial to Mainland China.
(IV) Budget execution in December 2015
1. The average deposit balance (including foreign currency) amounted to NTD 501.996 billion. The budget achievement rate was 107.23%, representing 10.91% growth from the NTD 452.625 billion in December 2014.
2. The average loan balance (including foreign currencies but excluding bank guarantee and acceptance) amounted to NTD 392.674 billion, an increase of 1.67% or NTD 6.435 billion from December of 2014.
3. Foreign currency deposits amounted to US$1.220 billion. The budget achievement rate was 106.42%, representing 28.58% growth from the US$0.949 billion in December 2014.
4. Wealth management service fees amounted to NTD 1.805 billion in 2015, representing 3.56% growth from the NTD 1.743 billion in 2014.
(V) Financial income and expenditure, and profitability analysis
1. In 2015, the consolidated earnings before taxation amounted to NTD 4.13656 million and the consolidated corporate earnings amounted to NTD 3.47703 million. Earnings per share after taxation are NTD 1.14. The EPS of the Bank has been higher than NTD 1 for 4 consecutive years.
2. KPI: Key Performance Indicator
Indicators 2015
Capital adequacy ratio (BIS) 11.94%
Return on Assets (ROA) 0.63%
Return on Equity (ROE) 9.19%
Earnings Per Share (EPS) NTD 1.14
NPL ratio 0.33%
Coverage ratio 475.41%
3. Information about the most recent credit rating
Rating agency Date of rating Credit rating
Long-term Short-term Outlook
Fitch Rating Taiwan 2015.9.25 A-(twn) F2(twn) Stable
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(VI) R&D
FSC launched the “Digital Banking 3.0” whereby 12 items of online business were offered, including know-your-customer (KYC), investment risk attribute test, and trust referral statement of consent. TCB has fully launched the business in October 2015 with the gravity in upgrading customer service. The Bank will continue its blueprint in the development of digital banking, from innovative Internet banking service, financial big data analysis and application, and the prevailing use of mobile payment application to help to keep abreast of the trend of digital development and upgrading the competitive power.
II. Effect of external competitive environment, laws & regulations and entire business environment
(I) The Bank has made its policies in fortifying anti-money laundering and fighting the financing of terrorism, and building up a viable system for internal control and internal audit in accordance with the “Directions Governing Anti-Money Laundering and Countering Terrorism Financing of Banking Sector” promulgated by Financial Supervisory Commission. This policy will help to bolster the regulatory effort for the effective control of the risk deriving from money laundering and financing terrorism of the customers.
(II) The Bank values the protection of financial consumers by taking positive action thereby established the “Best Practice Principle for Equal Treatment of Customers in Banking Service” in accordance with the requirement of the competent authority. Under these principles, the Bank will give fair and reasonable treatment of all financial consumers in the overall transactions of banking services and products.
III. Future development strategies
In 2016, the Bank will continue its business principles of “Stable Growth in Volume with More Profit” and “Advancement in Stable Paces” to enlarge the asset size of the Bank through stable paces. With firm establishment in Taiwan, the Bank will expand in Asia-Pacific and satisfy the needs of Taiwan business in the trend of “globalization”. Business development will be launched in the areas of “corporate banking”, “consumer banking”, “wealth management” and “TMU” operation as the core portion for profit growth.
IV. Summary of business plan 2016
(I) Bolster the core business of foreign exchange, TMU, wealth management and consumer banking. The Bank has a solid foundation in corporate banking, and will make use of this advantage to further develop foreign exchange and reduce the cost of capital. In addition, the Bank will also advocate TMU and wealth management for more commission incomes. The development of small-cap line of credit and micro enterprises financing will help to improve interest spread in loans. These will contribute to the increase of incomes from interest and non-interest sources.
(II) Develop and launch new products to fortify the competitive power in wealth management. Expand the team of wealth management and train good people for higher professional standing so as to strength the management of channels and bring momentum to the operations of the branches.
(III) Establish more designated banking location for foreign exchange business and fortify the overall banking service function to satisfy the needs of the customers in global capital management and trade financing. The Bank will continue to establish more branches running designated foreign exchange business in full-range.
(IV) Continue to optimize the service of digital banks and fortify the function of services through virtual channels. In the wake of the development of digital banking, the Bank seeks to develop eCommerce and mobile payment business and better business opportunities from online capital flow and commission income.
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(V) Adjust the allocation and structure of assets and liabilities and pursue proper risk management policies to maintain “capital adequacy ratio” as the primary goal basing on which the Bank will allocate its resources to deposits, loans, and investment. The Bank also adopts the mindset of risk offsetting, monitoring of market risk and change in asset quality, efficient use of capital and reasonable use of return for the improvement of management quality in the operation.
(VI) The Bank will demonstrate its strength given by its advantage in diversified operation, and reinforce cooperation for the promotion of multilateral financial services. With an edge of organizational structure of the parent firm and the collaboration among the branches in promotion, the Bank emphasizes the internal inter-selling system with the availability of insurance, investment trust, securities and leasing service to the customers under “one-stop shopping”. Through the CRM system, the Bank could develop more business opportunities and further cultivate the business transactions with preferred customers.
(VII) Expected business objectives
Scope of business Targets of December 2016
Deposits (including foreign currencies)
Average balance amounted to NTD 520.137 billion.
Lending (including foreign currencies)
Average balance amounted to NTD 423.696 billion.
Foreign Exchanges Operations Annual amount USD 15.85 billion
2016 is the year of hope and challenge. The Bank will provide service to the public under the spirit of " We Do Our Best For You” with the concern for corporate social responsibility. In addition to customer service, profit growth, and capital management, the Bank also seeks to provide a diversity of services to the needs and dynamics of the customers and to upgrade customer satisfaction, bolster competitive power in market, and its corporate image. These will be essential for creating investment value for the shareholders and is the gratitude to all shareholders for their support and encouragement.
Best regards,
To All Shareholders
May I wish you all good health and good luck.
President____________________________Chairman____________________________
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Two. A profile of Taichung Bank
I. Date of establishment and history
Formerly a cooperative savings company in Taichung established in April 1953, the predecessor of Taichung Bank started its operation in savings and loans in August 1st of the same year. The scope of business then covered Taichung City, Taichung County, Chang Hwa County and Nantou County. In 1978, the Bank was reorganized as the “Taichung Small and Medium Business Bank” in responding to the promulgation of the Bank Act and business development needs. On May 15 1984, the Bank publicly offered its shares at the centralized market for broaden the base of operation and public participation in equity. Since then, the Bank has laid down a solid foundation for development in the future.
In September 1995, the Taipei Branch was established with business covering different districts, which set a new milestone of the operation of the Bank. The Bank continued to relocate its branches, which were previously located in central Taiwan, to northern and southern Taiwan. After this process of expansion, the Bank has banking locations across western Taiwan. Since then, the Bank has emerged as a national commercial bank. The Datong Branch was established in June 2015, which was the eleven business station in Taipei Metropolitan. Fuxing Branch operates in Taipei City, the economic hub of Taiwan that helps make the financial core services market even more comprehensive and improve the operational value of channels.
The capital of the Bank has increased from NTD 500,000 at its initial stage of operation to NTD 31.84 billion as of December 31, 2015. The Bank also expanded to 80 branches and 1 OBU from 5 branches at the time of its establishment. For the upgrade of the competitive advantage in “local banking”, “SME financing”, “diversified banking”, the Bank has invested to established the “Taichung Bank Insurance Brokers Co., Ltd.”, “Taichung Bank Leasing Co., Ltd.”, “Taichung Commercial Bank Leasing (Suzhou) Ltd.”, and “Taichung Commercial Bank Securities Co., Ltd.”, which in turn jointly invested to establish the “Reliance Securities Investment Trust Co., Ltd.” so as to build up the framework of financial holding operation for the accomplishment of the mission of sustainable corporate development and for the vision of establishing overseas business territories. The scope and volume of business of the Bank multiplied over the years. The variety and size of the operation far exceeded that at the time of its establishment as a cooperative saving company. The achievement was the feedback of the whole-hearted operation of the Bank. The growth and the excellence in operation of Taichung Commercial Bank have been witnessed by the public.
II. Mergers and acquisitions of banks, direct investment or reorganization of affiliates in the most recent year to the date this report was printed:
No mergers and acquisitions or reorganization of the Bank: The Bank has made direct investment in 5 affiliates and all are wholly owned subsidiaries to the Bank, including “Taichung Bank Insurance Brokers Co., Ltd.”, “Taichung Commercial Bank Securities Co., Ltd.”, and “Taichung Bank Leasing Co., Ltd.”, and the wholly owned subsidiary of “TCCBL Co., Ltd.” and the “Taichung Commercial Bank Leasing (Suzhou) Ltd.” of “Taichung Bank Leasing Co., Ltd.”
III. Subordination to particular financial holding company: None.
IV. Any massive transfer or replacement of equity by directors or as required for declaration under Article 25-III of the Banking Act in the most recent year to the date this report was printed: None.
V. Change in the management, mode of operation, or significant change in the content of business and any other that significantly affected the equity of shareholders: None.
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Three. Corporate Governance Report
I. Organization System
(I) Organizational Structure
(II) Function of major segments
1. Auditing Office of the Board:
Administer the general auditing of the Bank, including operation audit, computer information audit, internal self-audit, internal audit, corrective actions as per the requests of competent authority, and related reporting.
2. Office of the Board of Directors:
Call for sessions and elections of the Standing Committee of the Board, the Board of Directors and Audit Committee, General Meeting of the Shareholders, shares registration and related matters, public relations, press release.
3. General Manager Office:
Assist the General Manager to map out the corporate strategy and business plan of the Bank, supervise the pursuit of channel development strategy and keep track with review on the budget settlement of each year.
General Manager Office
Auditing O
ffice of
the Board
Office of the B
oard of
Directors
Asset and Liability Management
Committee
Trust Assess Assessment
Committee
Loan Supervision Committee
Personal Appraisal Cum
Evaluation Committee
Investment Committee
Financial Products Review
Committee
NPL Management Committee
Chief
Auditor
Dept of D
ebt Collection and
Asset R
ecovery
Legal &
Com
pliance Dept.
Consum
er Banking D
ept.
Treasury M
arketing Dept.
Loan A
dministration D
ept.
Shareholder's Meeting
Board of Managing Directors
Board of Directors
Chairman
Vice Chairman
President
Executive Vice President
Audit Committee
Remuneration Committee
Risk Management
Committee
Wealth M
anagement D
ept.
Corporate F
inance Dept.
Accounting D
ept.
Hum
an Resources D
ept.
General A
ffairs Dept.
Treasury D
ept.
Risk M
anagement D
ept.
Information D
ept.
Trust D
ept.
International Banking D
ept.
Overseas B
anking Branch
Business D
ept.
District
Center
Business location (including Business Dept.)
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4. Business Development Dept.:
Administer the design and pursuit of corporate strategy and business development plans, administer the planning, implementation, supervision, evaluation of deposit, remittances, and eCommerce, and the study of banking in practice, interpret and advocate the financial policy of the government.
5. International Banking Dept.:
Administer the planning, promotion, management and operation of foreign exchanges.
6. Trust Dept.:
Administer the planning, management and operation of trust business.
7. Information Dept.:
Administer the planning, configuration and operation of IT system and banking information package software.
8. Risk Management Dept.:
Administer the draft of the Bank’s overall risk management policies, the planning of risk strategies and risk control mechanism, the monitoring and control of the business risk exposures and other risk management related matters.
9. Treasury Dept.:
Administer the appropriation of funds and investments of the whole bank and other financial matters.
10. General Affairs Dept.:
Administer the articles of incorporation, organization, important documents and corporate seals, business affairs, cashier service, general purchase, custody of assets, procurement and lease of real properties, improvement and repair of properties, and labor safety & health issues, security protection drill and management and supervision, property insurance, and any matters other than those administered by the other departments/offices.
11. Human Resource Dept.:
Administer human resources management and review, and employee welfare, and also administer employee continuing education and training.
12. Accounting Dept.:
Administer accounting affairs, management accounting, internal audit, and inter-branch transactions.
13. Corporate Finance Dept.:
Administer the corporate finance, factoring, syndicated loans, and financing in overseas investment for Taiwanese enterprises.
14. Wealth Management Dept.:
Administer the planning and execution of the financial planning businesses throughout the bank, management of financial planning staff, preparation and revision of the wealth management policy and operating procedure, and promotion, supervision and management of wealth management customers’ investment in the financial planning business.
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15. Loan Administration Dept.:
The planning, review, management of lending and credit information background check, the survey and compilation of statistics, study, analysis, and consultation service of the financial market.
16. Department of Debt Collection and Asset Recovery:
Administer the precautionary and review after granting loan, and planning, executing, supervision and statistic analysis of the collection of delinquent accounts, performance appraisal of the collection, review of writing off non-performing loans, examination and management of Collaterals Assumed.
17. Legal & Compliance Dept.:
The design, management, implementation of law and compliance system, and the participation, assistance, and outsourcing of legal services from external law firms.
18. Consumer Banking Dept.:
Administer the planning and management, review and approval, marketing and promotion of consumer banking and credit card business, and the customer telephone service hotline, collection, marketing, and CRM.
19. Treasury Marketing Dept.:
Administer the design of financial derivatives and marketing planning of new financial products and market development.
20. Business Dept.:
Administer the operation of different types of deposits, loans, foreign exchange settlements and banking matters.
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II.
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s 20
11/6
/22
1,50
1,31
7 0.
06
1,69
1,05
5 0.
05
0 0
0 0
- -
- -
-
Cha
irm
an
Taiw
an
R.O
.C.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
C
hun-
She
ng L
ee
2014
/6/1
9 3
year
s 20
15/6
/17
546,
053
0.02
60
2,54
3 0.
02
22,6
77
0.00
0
0
Vic
e P
resi
dent
, Ta
iwan
Bus
ines
s B
ank;
Pre
side
nt,
Taic
hung
C
omm
erci
al B
ank;
M
BA
, Nat
iona
l Ta
iwan
Uni
vers
ity
Col
lege
of
Man
agem
ent
Non
e N
one
Non
e N
one
9
10
Tit
le
Nat
iona
lity
or p
lace
of
regi
stra
tion
N
ame
Ele
ctio
n (A
ppoi
ntm
ent)
D
ate
Dur
atio
n In
augu
rati
on
date
Sha
res
at E
lect
ion
Cur
rent
sha
reho
ldin
g C
urre
nt S
hare
s H
eld
by S
pous
e &
D
epen
dent
s
Sha
reho
ldin
g un
der
the
titl
e of
a th
ird
part
y M
ajor
(ac
adem
ic
degr
ee)
expe
rien
ce
Cur
rent
Ban
k &
Oth
er
posi
tion
s
Oth
er C
hief
, S
uper
viso
rs o
r D
irec
tors
wit
h a
Spo
usal
or
Oth
er
Imm
edia
te R
elat
ive
Qua
ntit
y R
atio
of
Sha
reho
ldin
g %
Q
uant
ity
Rat
io o
f S
hare
hold
ing
%
Qua
ntit
y R
atio
of
Sha
reho
ldin
g %
Q
uant
ity
Rat
io o
f S
hare
hold
ing
%
Tit
le
Nam
e R
elat
ion
Vic
e C
hair
man
Ta
iwan
R
.O.C
.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
K
uei-
Fong
Wan
g
2014
/6/1
9 3
year
s 20
05/8
/31
277,
718
0.01
35
9,71
8 0.
01
0 0
0 0
VP,
Cor
pora
te
Fin
anci
ng D
ept.,
B
NP
Par
ibas
Hon
g K
ong;
MB
A o
f N
YU
Dir
ecto
r, T
ai Y
i Inv
estm
ent
Co.
, Ltd
.; D
irec
tor,
Cho
u C
hin
Indu
stri
al C
o., L
td.;
Dir
ecto
r, C
hung
Chi
en
Inve
stm
ent C
o., L
td.;
D
irec
tor,
Nan
C
hung
Pet
roch
emic
al
Cor
p.; D
irec
tor,
She
ng J
en
Kni
tted
Tex
tile
s C
o., L
td.;
Dir
ecto
r, T
a Y
i D
evel
opm
ent C
o., L
td.;
Dir
ecto
r, G
e L
ing
Co.
, Ltd
.; C
hair
man
, Pan
Asi
a C
hem
ical
Cor
pora
tion
; C
hair
man
, Deh
Hsi
ng
Inve
stm
ent C
o., L
td.;
Dir
ecto
r, C
hou
Cha
ng
Co.
, Ltd
.; S
uper
viso
r, H
su
Tia
n In
vest
men
t Co.
, Ltd
.; D
irec
tor,
Pan
Asi
a In
vest
men
t Co.
, Ltd
.; D
irec
tor,
Je
Mi F
ang
Cor
pora
tion
; Dir
ecto
r, D
eh
Hsi
ng I
nves
tmen
t Co.
, Ltd
.; C
hair
man
, Tai
chun
g B
ank
Insu
ranc
e B
roke
rs
Co.
, Ltd
.; D
irec
tor
and
Pre
side
nt, C
hina
M
an-M
ade
Fib
er
Cor
pora
tion
; Dir
ecto
r, T
a Fa
In
vest
men
t Co.
, Ltd
.
Non
e N
one
Non
e
Man
agin
g D
irec
tor
Taiw
an
R.O
.C.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
C
hin-
Yua
n L
ai
2014
/6/1
9 3
year
s 20
15/6
/17
0 0
666,
725
0.02
0
0 0
0
Pre
side
nt, S
hin
Kon
g C
omm
erci
al
Ban
k C
o., L
td.;
Vic
e P
resi
dent
, M
ega
Inte
rnat
iona
l C
omm
erci
al B
ank
Co.
, Ltd
.; D
epar
tmen
t of
Eco
nom
ics,
Tun
g H
ai U
nive
rsit
y
Pre
side
nt, T
aich
ung
Com
mer
cial
Ban
k; D
irec
tor,
T
he G
reat
Tai
pei G
as
Cor
pora
tion
Non
e N
one
Non
e
Man
agin
g D
irec
tor
Taiw
an
R.O
.C.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
Je
r-S
hyon
g Ts
ai
2014
/6/1
9 3
year
s 20
08/7
/31
0 0
0 0
0 0
0 0
Cha
irm
an o
f Ta
iwan
Fin
anci
al
Hol
ding
s; D
ept o
f In
tern
atio
nal
Tra
de, N
atio
nal
Che
ngch
i U
nive
rsit
y
Sup
ervi
sor,
Hua
ng H
sian
g C
onst
ruct
ion
Cor
pora
tion
; C
hair
man
, Han
shin
M
anag
emen
t Con
sult
ant
Co.
, Ltd
.; D
irec
tor,
Ta
ichu
ng B
ank
Lea
sing
C
o., L
td.;
Dir
ecto
r, G
uo
Yan
g C
o., L
td.
Non
e N
one
Non
e
10
11
Tit
le
Nat
iona
lity
or p
lace
of
regi
stra
tion
N
ame
Ele
ctio
n (A
ppoi
ntm
ent)
D
ate
Dur
atio
n In
augu
rati
on
date
Sha
res
at E
lect
ion
Cur
rent
sha
reho
ldin
g C
urre
nt S
hare
s H
eld
by S
pous
e &
D
epen
dent
s
Sha
reho
ldin
g un
der
the
titl
e of
a th
ird
part
y M
ajor
(ac
adem
ic
degr
ee)
expe
rien
ce
Cur
rent
Ban
k &
Oth
er
posi
tion
s
Oth
er C
hief
, S
uper
viso
rs o
r D
irec
tors
wit
h a
Spo
usal
or
Oth
er
Imm
edia
te R
elat
ive
Qua
ntit
y R
atio
of
Sha
reho
ldin
g %
Q
uant
ity
Rat
io o
f S
hare
hold
ing
%
Qua
ntit
y R
atio
of
Sha
reho
ldin
g %
Q
uant
ity
Rat
io o
f S
hare
hold
ing
%
Tit
le
Nam
e R
elat
ion
Man
agin
g D
irec
tor
(Ind
epen
dent
di
rect
or)
Taiw
an
R.O
.C.
Hsi
-Ron
g H
uang
20
14/6
/19
3 ye
ars
2008
/6/1
3 0
0 0
0 0
0 0
0
Rep
rese
ntat
ive
of
TC
Ban
k, T
aipe
i R
epre
sent
ativ
e O
ffic
e; N
atio
nal
Chu
ng H
sing
U
nive
rsit
y,
Dep
artm
ent o
f A
gric
ultu
ral
Eco
nom
ics
Non
e N
one
Non
e N
one
Inde
pend
ent
dire
ctor
Ta
iwan
R
.O.C
. C
hen-
Le
Liu
20
14/6
/19
3 ye
ars
2010
/6/1
5 0
0 0
0 0
0 0
0
Vic
e G
ener
al
Man
ager
of
Coo
pera
tive
Ban
k;
Cha
irm
an o
f C
oope
rati
ve B
ank
Insu
ranc
e A
genc
y C
o., L
td.;
Dep
artm
ent o
f T
rans
port
atio
n an
d C
omm
unic
atio
n M
anag
emen
t S
cien
ce, N
CK
U
Non
e N
one
Non
e N
one
Inde
pend
ent
dire
ctor
H
ong
Kon
g Ji
n-Y
i Lee
20
14/6
/19
3 ye
ars
2011
/6/2
2 0
0 0
0 0
0 0
0
Res
pons
ible
per
son
of J
P M
orga
n C
hase
in C
hina
; C
o-re
spon
sibl
e pe
rson
of
BN
P in
A
sia;
CE
O o
f F
ubon
Ban
k (H
ong
Kon
g) L
imit
ed;
and
grad
uate
d fr
om H
arva
rd
Bus
ines
s S
choo
l
CE
O o
f C
atha
y In
tern
atio
nal H
oldi
ngs
Ltd
. N
one
Non
e N
one
Dir
ecto
r Ta
iwan
R
.O.C
.
Rep
rese
ntat
ive
of I
Jou
ng
Inve
stm
ent
Co.
, Ltd
.: C
hing
-Hsi
n C
hang
2014
/6/1
9 3
year
s 20
06/1
/2
70,6
97
0.00
82
,582
0.
00
0 0
0 0
V.P
., Ta
ichu
ng
Bus
ines
s B
ank;
K
aina
n H
igh
Sch
ool o
f C
omm
erce
and
In
dust
ry, S
enio
r C
lass
, Bus
ines
s
Sup
ervi
sor
of C
haio
-Wu
Co.
, Ltd
. N
one
Non
e N
one
Dir
ecto
r Ta
iwan
R
.O.C
.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
M
ing-
Sha
n C
huan
g
2014
/6/1
9 3
year
s 20
02/7
/16
0 0
0 0
65,3
79
0.00
0
0
Dir
ecto
r of
IT
OC
HU
C
OR
PO
RA
TIO
N,
Taip
ei B
ranc
h;
Dep
artm
ent
of P
olit
ical
S
cien
ce, N
atio
nal
Taiw
an U
nive
rsit
y
Vic
e C
hair
man
, Chi
na
Man
-Mad
e F
iber
C
orpo
rati
on; C
hair
man
, Je
Mi F
ang
Cor
pora
tion
Non
e N
one
Non
e
11
12
Tit
le
Nat
iona
lity
or p
lace
of
regi
stra
tion
N
ame
Ele
ctio
n (A
ppoi
ntm
ent)
D
ate
Dur
atio
n In
augu
rati
on
date
Sha
res
at E
lect
ion
Cur
rent
sha
reho
ldin
g C
urre
nt S
hare
s H
eld
by S
pous
e &
D
epen
dent
s
Sha
reho
ldin
g un
der
the
titl
e of
a th
ird
part
y M
ajor
(ac
adem
ic
degr
ee)
expe
rien
ce
Cur
rent
Ban
k &
Oth
er
posi
tion
s
Oth
er C
hief
, S
uper
viso
rs o
r D
irec
tors
wit
h a
Spo
usal
or
Oth
er
Imm
edia
te R
elat
ive
Qua
ntit
y R
atio
of
Sha
reho
ldin
g %
Q
uant
ity
Rat
io o
f S
hare
hold
ing
%
Qua
ntit
y R
atio
of
Sha
reho
ldin
g %
Q
uant
ity
Rat
io o
f S
hare
hold
ing
%
Tit
le
Nam
e R
elat
ion
Dir
ecto
r Ta
iwan
R
.O.C
.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
H
sin-
Chi
ng
Cha
ng
2014
/6/1
9 3
year
s 20
05/5
/25
0 0
0 0
0 0
0 0
Chi
ef
Aud
itor
, Lan
d B
ank
of T
aiw
an;
Mas
ter
in L
and
Adm
inis
trat
ion,
N
atio
nal C
hung
H
sing
Uni
vers
ity
Sup
ervi
sor
of T
aich
ung
Ban
k L
easi
ng C
o., L
td.
Non
e N
one
Non
e
Dir
ecto
r Ta
iwan
R
.O.C
.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
W
ei-L
iang
Lin
2014
/6/1
9 3
year
s 20
12/6
/8
0 0
0 0
0 0
0 0
Pre
side
nt, C
hang
H
wa
Ban
k,
Dep
artm
ent o
f A
ccou
ntin
g an
d St
atis
tics
, Tam
kang
U
nive
rsit
y
Cha
irm
an o
f Ta
ichu
ng
Ban
k L
easi
ng C
o., L
td.
Non
e N
one
Non
e
Dir
ecto
r Ta
iwan
R
.O.C
.
Hsu
Tia
n In
vest
men
t C
o., L
td.
Rep
rese
ntat
ive:
S
hu-Y
uan
Lin
2014
/6/1
9 3
year
s 20
14/2
/6
0 0
0 0
0 0
0 0
SE
VP
of C
apit
al
Sec
urit
ies,
C
hair
man
of
Taiw
an
Inte
rnat
iona
l S
ecur
itie
s C
o.,L
td,,
Pre
side
nt
of C
apit
al
Sec
urit
ies
(HK
) L
imit
ed,
DB
A o
f Ta
mka
ng
Uni
vers
ity
Cha
irm
an, T
aich
ung
Com
mer
cial
Ban
k S
ecur
itie
s C
o., L
td.
Non
e N
one
Non
e
Dir
ecto
r Ta
iwan
R
.O.C
.
Pan
Asi
a C
hem
ical
C
orpo
rati
on
Rep
rese
ntat
ive:
M
eng-
Lia
ng
Cha
ng
2014
/6/1
9 3
year
s 20
12/1
0/1
0 0
0 0
712,
686
0.02
0
0
Rel
ianc
e S
ecur
itie
s In
vest
men
t Tru
st
Co.
, Ltd
., G
radu
ate
from
Deh
Min
g C
omm
erci
al
Sch
ool,
Spe
cial
A
ssis
tant
, Chi
na
Man
-Mad
e F
iber
C
orpo
rati
on.
Cha
irm
an, C
hun
Fu
Dev
elop
men
t Co.
, Ltd
.; D
irec
tor,
Yu
Hui
Lim
ited
N
one
Non
e N
one
Dir
ecto
r Ta
iwan
R
.O.C
.
Ho
Yan
g M
anag
emen
t C
onsu
ltan
t C
o., L
td.
Rep
rese
ntat
ive:
C
hien
-Hui
H
uang
2014
/6/1
9 3
year
s 20
14/6
/19
0 0
0 0
0 0
0 0
Leg
isla
tor,
Ins
titu
te
of L
aw, C
hine
se
Cul
ture
Uni
vers
ity
Dir
ecto
r, S
akur
a D
evel
opm
ent C
o., L
td.;
Cha
irm
an, B
ao J
ia P
rope
rty
Man
agem
ent C
o., L
td;
Dir
ecto
r, H
ong-
Wei
D
evel
opm
ent C
o., L
td.;
Cha
irm
an, P
au J
ar R
eal
Est
ate
Co,
Ltd
.; C
hair
man
, C
hu H
o C
onst
ruct
ion
Co.
Ltd
. Dir
ecto
r, L
ucia
M
anor
Cor
pora
tion
Non
e N
one
Non
e
Dir
ecto
r Ta
iwan
R
.O.C
.
Ho
Yan
g M
anag
emen
t C
onsu
ltan
t C
o., L
td.
Rep
rese
ntat
ive:
Y
u-C
hun
Che
n
2014
/6/1
9 3
year
s 20
15/1
/6
0 0
0 0
0 0
0 0
Ass
ista
nt M
anag
er
, Pau
Jar
Gro
up,
Dep
artm
ent
of L
aw, F
u Je
n C
atho
lic
Uni
vers
ity
Non
e N
one
Non
e N
one
12
13
2. Major Shareholders of Corporate Shareholders
February 29, 2016
Corporate shareholder Name Major shareholder of corporate shareholder and shareholding Ratio of
Shareholding thereof
Hsu Tian Investment Co., Ltd. Chia-Chun Chiang (50%), Kuei-Fong Wang (45.71%), You-Ciang Yang (4.29%)
Pan Asia Chemical Corporation
China Man-Made Fiber Co., Ltd. (44.34%); Sheng Jen Knitted Textiles Co., Ltd. (6.19%); Chung Chien Investment Co., Ltd. (5.12%); Deh Hsing Investment Co., Ltd. (4.68%); Tai Yi Investment Co., Ltd. (2.36%); Ke Yi Bao Investment Co., Ltd (0.76%); Pan Asia Investment Co., Ltd. (0.64%); Pan Asia Employee Welfare Committee (0.62%); Ya-Ying Jhu (0.56%); Kuei-Hsien Wang (0.43%).
I Joung Investment Co., Ltd.
Yi-Jen Chen (22.82%), Chi Chen Investment Co., Ltd. (18.69%), Yee-Fan Chen(17.42%), Chen Yi-Fen (12.47%), Lee Lor Investment Co., Ltd. (10.35%), Ching-Shuan Chen Ting (6.47%), Hsiun-Fan Lo (5.51%), Yee-Chen Chen (4.7%), Ming-Yuan Yeh (0.56%), Feng-Nian Chiang (0.56%).
Ho Yang Management Consultant Co., Ltd.
Shu-Cyong Zen (81%), Chen-Hai Lin (19%)
3. The major shareholder of the juristic person shareholder is a juristic person
February 29, 2016
Corporate shareholder Name Major shareholder of corporate shareholder and shareholding Ratio of
Shareholding thereof
China Man-Made Fiber Co., Ltd.
Pan Asia Chemicals Corporation (15.50%), Sheng Jen Knitted Texiles (4.36%), Formosa Imperial Wine Seller (3.65%), Special Account in custody of HSBC Taiwan (3.61%), Pan Asia Investment Co., Ltd. (3.11%), CMFC Investment Co., Ltd. (2.60%), Manulife Financial Taiwan (0.75%), Deh Hsing Investment Co., Ltd. (0.69%); Vanguard International Equity Fund Investment Account under the Custody of Morgan Chase Bank Taipei (0.62%); Netherlands Pension Robert Bacal Investment Account at Citibank (0.59%).
Sheng Jen Knitted Textiles Co., Ltd. CMFC Investment Co., Ltd. (53.47%), Yu Hui Limited (40.40%), Chao-Chang Wang (5.57%), Wang Kuei-Hsien (0.25%), Shang-Jr Chiang (0.15%), Shi-Yi Chiang (0.10%), Chao-Ching Wang (0.05%).
Chung Chien Investment Co., Ltd.
Ta Fa Investment Co., Ltd. (28.08%); Pan Asia Chemical Corporation (17.67%); Tung Hao Enterprises Corp. (15.64%); Chin-Yuan Huang (14.72%); Hsuan Deh Consultants Co., Ltd. (8.82%); Chun Foo Development Co., Ltd. (6.61%); Hsu Tian Investment Co., Ltd. (2.96%), Yu Hui Limited (1.70%); Kuei-Hsien Wang (1.70%); Kuei-Fong Wang (1.55%); .
Deh Hsing Investment Co., Ltd. China Man-Made Fiber Corporation (100%).
Tai Yi Investment Co., Ltd. Pan Asia Investment Co., Ltd. (41.80%), Ta Fa Investment Co., Ltd. (38.17%), Tsung Hao Enterprise Co., Ltd. (9.93%), Wang Kuei-Hsien (6.31%), Sian-Jhang Syu (2.53%), Hsu Tian Investment Co., Ltd. (1.26%).
Ke Yi Bao Investment Co., Ltd. Yun-Jyun Deng (100%).
Pan Asia Investment Co., Ltd. Tai Yi Investment Co., Ltd. (47.42%), Ta Fa Investment Co., Ltd. (42.63%), Tsung Hao Enterprise Co., Ltd. (9.44%), Kuei-Hsien Wang (0.51%).
Pan Asia Chemical Corporation Employee Welfare Committee
Not applicable.
Chi Chen Investment Co., Ltd. Yee-Chen Chen (0.1%)
Lee Lor Investment Co., Ltd. Yee-Fan Chen (100%)
13
14
4. Information on Directors in professionalism and impartiality
Note: Respective director and supervisor who meet the following qualifications 2 years before assumption of office and at the time of assumption office shall put a “” in the appropriate space.
(1) Not an employee of the Bank or its affiliates. (2) Not a director or supervisor of the Bank or its affiliates (excluding the capacity of independent director of the
Bank or its parents, or a subsidiary directly or indirectly held by the Bank with more than 50% of the stakes). (3) Not a natural person, spouse, underage children, or under the title of a third party who holds more than 1% of
the outstanding shares issued by the Bank or among the top 10 natural person shareholders. (4) Not a spouse, kin at the second pillar under the Civil Code, or the lineal blood relatives within the third pillar
under the Civil Code as specified in (1) through (3). (5) Not a director, supervisor or employee of an institutional shareholder who holds more than 5% of the
outstanding shares issued by the Bank, or a director, supervisor or employee of an institutional shareholder who is among the top 5 shareholders.
(6) Not a director, supervisor, manager or shareholder holding more than 5% of the outstanding shares of specific company or institution in business or financial relation with the Bank.
(7) Not a professional, owner, partner, director, supervisor, manager of proprietorship, partnership, company or institution that provide business, legal, financial and accounting services to the Bank or a spouse to the aforementioned persons. Except the members of the Remuneration Committee in exercising their authority within the scope of empowerment pursuant to Article 7 of the Regulations Governing the Appointment and Exercise of Powers by the Remuneration Committee of a Company Whose Stock is Listed on the Stock Exchange or Traded Over the Counter.
(8) Not a spouse to or kin at the second pillar under the Civil Code to any other director. (9) Not under any of the categories stated in Article 30 of the Company Act.
(10) No Government Apparatus agency, juristic person or its representative is elected under Article 27 of the Company Act.
Conditions Name
Have more than 5 years of experience and the following professional qualifications
Status of independence (note)
Number of public
companies where the
person holds the title as
independent director
Lecturer or above in commerce, law, finance, accounting or subjects required by the business of the bank in public or private colleges or universities
Passed the qualification examination with proper licensing by the national Government Apparatus as court judge, prosecutor, lawyers, certified public accountant or other professional designations required by the business of the Bank
Required Work experience in commerce, law, finance, accounting or others required by the Bank
1 2 3 4 5 6 7 8 9 10
Chun-Sheng Lee 0 Kuei-Fong
Wang 0
Jer-Shyong Tsai 0 Chin-Yuan Lai 0
Hsi-Rong Huang
0
Chen-Le Liu 0 Jin-Yi Lee 0 Ching-Hsin
Chang 0
Hsin-Ching Chang
0
Ming-Shan Chuang
0
Wei-Liang Lin 0 Shu-Yuan Lin 0 Meng-Liang
Chang 0
Chien-Hui Huang
0
Yu-Chun Chen 0
14
15
(II)
P
rofi
les
of P
resi
dent
, Exe
cuti
ve V
ice
Pre
side
nts,
Ass
t. V
P, a
nd s
uper
viso
rs o
f th
e va
riou
s de
part
men
ts a
nd b
ranc
hes
Feb
ruar
y 29
, 201
6
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
Pre
side
nt
Tai
wan
R.O
.C.
Chi
n-Y
uan
Lai
20
15/0
7/01
66
6,72
5 0.
02
0 0
0 0
Pre
side
nt, S
hin
Kon
g C
omm
erci
al B
ank
Co.
, Ltd
.; D
epar
tmen
t of
Eco
nom
ics,
T
ung
Hai
Uni
vers
ity
Dir
ecto
r, T
he G
reat
Tai
pei G
as C
orpo
ratio
n;
Exe
cuti
ve D
irec
tor,
Tai
chun
g C
omm
erci
al
Ban
k C
o., L
td.
Non
e N
one
Non
e
Sen
ior
Vic
e P
resi
dent
T
aiw
an R
.O.C
. C
hing
-Tai
Hua
ng
2015
/10/
19
78,5
50
0.00
0
0 0
0
Sen
ior
Vic
e P
resi
dent
, Shi
n K
ong
Com
mer
cial
Ban
k C
o., L
td.;
Dep
artm
ent
of P
ublic
Fin
ance
and
Tax
atio
n, N
atio
nal
Tai
pei U
nive
rsit
y of
Bus
ines
s
Dir
ecto
r, T
aich
ung
Com
mer
cial
Ban
k S
ecur
itie
s C
o., L
td.
Non
e N
one
Non
e
Sen
ior
Vic
e P
resi
dent
T
aiw
an R
.O.C
. H
sueh
-Hsu
an L
iao
2010
/08/
04
580,
896
0.02
40
,100
0.
00
0 0
Man
ager
, Bus
ines
s D
evel
opm
ent
Dep
t.;
Fin
ance
Mas
ter,
Nat
iona
l Chu
ng H
sing
U
nive
rsit
y C
olle
ge o
f M
anag
emen
t
Dir
ecto
r, R
elia
nce
Sec
urit
ies
Inve
stm
ent T
rust
C
o., L
td.
Non
e N
one
Non
e
Sen
ior
Vic
e P
resi
dent
T
aiw
an R
.O.C
. D
eh-W
ei C
hia
2013
/03/
13
162,
493
0.01
38
0 0.
00
0 0
Man
ager
, IT
Dep
artm
ent;
Dep
artm
ent o
f St
atis
tics
, Nat
iona
l Che
ng K
ung
Uni
vers
ity
Dir
ecto
r, T
aich
ung
Ban
k L
easi
ng C
o., L
td.;
Dir
ecto
r, T
aich
ung
Ban
k In
sura
nce
Bro
kers
C
o., L
td.
Non
e N
one
Non
e
Exe
cuti
ve V
ice
Pre
side
nt
Tai
wan
R.O
.C.
Chi
-Chu
an F
ang
2009
/08/
27
461,
464
0.01
39
3,02
0 0.
01
0 0
Man
ager
, HR
Dep
t.; D
epar
tmen
t of
Acc
ount
ing;
Fu
Jen
Cat
holic
Uni
vers
ity
Sup
ervi
sor,
Tai
chun
g C
omm
erci
al B
ank
Sec
urit
ies
Co.
, Ltd
. N
one
Non
e N
one
Chi
ef C
ompl
ianc
e O
ffic
er
Tai
wan
R.O
.C.
Kai
-Yu
Lin
20
15/0
9/14
36
,749
0.
00
0 0
0 0
Chi
ef S
ecre
tary
, Off
ice
of t
he B
oard
; D
epar
tmen
t of
Law
, Nat
iona
l Che
ngch
i U
nive
rsit
y
Dir
ecto
r, H
sian
g Fe
ng D
evel
opm
ent
Co.
, Ltd
.; D
irec
tor,
Eur
eka
Inve
stm
ent
Co.
, Ltd
. N
one
Non
e N
one
Chi
ef A
udito
r T
aiw
an R
.O.C
. M
in-C
hin
She
n 20
09/0
9/14
32
0,30
7 0.
01
0 0
0 0
Chi
ef A
udito
r an
d D
irec
tor-
Gen
eral
of
Cos
mos
Ban
k; G
radu
ate
Inst
itute
of
Fin
ance
, Tam
kang
Uni
vers
ity
Non
e N
one
Non
e N
one
Off
ice
of t
he B
oard
of
Dir
ecto
rs
Chi
ef S
ecre
tary
T
aiw
an R
.O.C
. C
hi-C
huan
Fan
g (c
oncu
rren
t po
st)
2015
/09/
14
461,
464
0.01
39
3,02
0 0.
01
0 0
Man
ager
, HR
Dep
t.; D
epar
tmen
t of
Acc
ount
ing;
Fu
Jen
Cat
holic
Uni
vers
ity
Sup
ervi
sor,
Tai
chun
g C
omm
erci
al B
ank
Sec
urit
ies
Co.
, Ltd
. N
one
Non
e N
one
Gen
eral
Aff
airs
Dep
t.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ng-h
u H
sieh
20
08/0
9/22
24
1,02
7 0.
01
0 0
0 0
Dep
uty
Dir
ecto
r of
Gen
eral
Aff
airs
D
epar
tmen
t; D
epar
tmen
t of
Fib
er, M
ing
Chi
Col
lege
N
one
Non
e N
one
Non
e
Bus
ines
s D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chu
n-Y
ing
Wan
g 20
11/1
1/24
51
8,09
5 0.
02
0 0
0 0
Man
ager
, Erl
in B
ranc
h; D
epar
tmen
t of
T
echn
olog
y M
anag
emen
t, C
hung
Hua
U
nive
rsit
y N
one
Non
e N
one
Non
e
Loa
n A
dmin
istr
atio
n D
ept,
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yi-
Yua
n T
ung
2013
/01/
25
268,
162
0.01
0
0 0
0
Tai
chun
g R
egio
nal C
ente
r M
anag
er;
Tai
chun
g In
stitu
te o
f Tec
hnol
ogy
(Ope
n E
duca
tion
Pro
gram
), B
anki
ng a
nd
Insu
ranc
e
Dir
ecto
r, T
aich
ung
Ban
k L
easi
ng C
o., L
td.
Non
e N
one
Non
e
Hum
an R
esou
rce
Dep
t.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chu
ng-P
ing
Yan
g 20
12/0
7/02
28
,730
0.
00
0 0
0 0
Dep
uty
Man
ager
, HR
Dep
t.; S
choo
l of
Che
mis
try,
Ste
llenb
osch
Uni
vers
ity
of
Sou
th A
fric
a
Sup
ervi
sor,
Tai
chun
g B
ank
Insu
ranc
e B
roke
rs
Co.
, Ltd
.; D
irec
tor,
Eur
eka
Inve
stm
ent
Co.
, Ltd
. N
one
Non
e N
one
Acc
ount
ing
Dep
t.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yi-
Yin
g C
hung
20
09/1
1/09
49
,809
0.
00
0 0
0 0
Dep
uty
Man
ager
, Acc
ount
ing
Dep
t.;
Gra
duat
e In
stitu
te o
f Acc
ount
ing,
N
atio
nal C
heng
chi U
nive
rsit
y N
one
Non
e N
one
Non
e
Info
rmat
ion
Dep
t.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chu
n-S
heng
Lin
20
13/0
1//2
5 34
3,48
4 0.
01
34,1
49
0.00
0
0 D
eput
y M
anag
er, B
usin
ess
Dep
artm
ent;
D
epar
tmen
t of
Inf
orm
atio
n S
cien
ce,
Feng
chia
Uni
vers
ity
Non
e N
one
Non
e N
one
Inte
rnat
iona
l Ban
king
Dep
t.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Ya-
Mei
Che
n 20
15/0
3/13
23
,790
0.
00
0 0
0 0
Vic
e P
resi
dent
, Tai
chun
g B
ank
Lea
sing
C
o., L
td.;
Dep
artm
ent
of B
anki
ng,
Nat
iona
l Che
ngch
i Uni
vers
ity
Non
e N
one
Non
e N
one
15
16
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
Tru
st D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yu-
Chu
ng L
in
2010
/08/
04
93,3
61
0.00
0
0 0
0
Dep
uty
Man
ager
, Loa
n A
dmin
istr
atio
n D
ept.
; Gra
duat
e In
stitu
te o
f In
form
atio
n M
anag
emen
t, N
atio
nal S
un Y
at-S
en
Uni
vers
ity
Non
e N
one
Non
e N
one
Dep
artm
ent
of D
ebt
Col
lect
ion
and
Ass
et
Rec
over
y
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Mei
-Li W
u 20
09/0
9/01
56
,749
0.
00
0 0
0 0
Dep
uty
Man
ager
, Dep
t of
Deb
t C
olle
ctio
n an
d A
sset
Rec
over
y; D
epar
tmen
t of
Law
, S
ooch
ow U
nive
rsit
y N
one
Non
e N
one
Non
e
Con
sum
er B
anki
ng
Dep
artm
ent
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ng-T
ai H
uang
(c
oncu
rren
t po
st)
2015
/10/
19
78,5
50
0.00
0
0 0
0
Sen
ior
Vic
e P
resi
dent
, Shi
n K
ong
Com
mer
cial
Ban
k C
o., L
td.;
Dep
artm
ent
of P
ublic
Fin
ance
and
Tax
atio
n, N
atio
nal
Tai
pei U
nive
rsit
y of
Bus
ines
s
Dir
ecto
r, T
aich
ung
Com
mer
cial
Ban
k S
ecur
itie
s C
o., L
td.
Non
e N
one
Non
e
Tre
asur
y M
arke
ting
D
epar
tmen
t
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Po-
Mao
Hua
ng
2015
/10/
06
33,2
00
0.00
0
0 0
0 S
enio
r D
eput
y M
anag
er, C
atha
y U
nite
d B
ank;
Mas
ter
of F
inan
ce, J
inan
U
nive
rsit
y N
one
Non
e N
one
Non
e
Cor
pora
te F
inan
ce D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Kuo
-Chi
Lin
20
15/0
3/13
42
0,83
3 0.
01
9,62
3 0.
00
0 0
Man
ager
, Cha
nghu
a R
egio
nal C
ente
r, D
epar
tmen
t of
Int
erna
tiona
l Tra
de, F
eng
Chi
a U
nive
rsit
y N
one
Non
e N
one
Non
e
Ass
ista
nt V
P, L
egal
&
Com
plia
nce
Dep
artm
ent
Tai
wan
R.O
.C.
Tsu
ng-Y
i Liu
20
15/0
9/22
12
6,44
0 0.
00
0 0
0 0
Vic
e C
hief
Aud
itor
of A
udit
ing
Off
ice
of
Boa
rd; D
epar
tmen
t of
Law
, Nat
iona
l T
aiw
an U
nive
rsit
y N
one
Non
e N
one
Non
e
Ris
k M
anag
emen
t D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Kua
ng-C
hung
Hsi
ao
2015
/03/
13
243,
356
0.01
1,
998
0.00
0
0 M
anag
er, T
reas
ury
Dep
artm
ent;
Nat
iona
l T
aiw
an U
nive
rsit
y C
olle
ge o
f M
anag
emen
t N
one
Non
e N
one
Non
e
Tre
asur
y D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Che
n-Y
ing
Wu
2015
/03/
13
135,
882
0.00
0
0 0
0 M
anag
er, R
isk
Man
agem
ent
Dep
artm
ent;
D
epar
tmen
t of
Fin
ance
and
Ban
king
, N
atio
nal T
aiw
an U
nive
rsit
y N
one
Non
e N
one
Non
e
Wea
lth M
anag
emen
t D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Hsi
en-C
hih
Liu
20
15/1
0/01
23
,200
0.
00
0 0
0 0
Sen
ior
Man
ager
, Tai
pei F
ubon
Ban
k;
MB
A o
f N
atio
nal T
aipe
i Uni
vers
ity
of
Tec
hnol
ogy
Dir
ecto
r, R
elia
nce
Sec
urit
ies
Inve
stm
ent T
rust
C
o., L
td.
Non
e N
one
Non
e
Ass
t. E
xecu
tive
V
ice
Pre
side
nts,
Ove
rsea
s B
anki
ng B
ranc
h T
aiw
an R
.O.C
. C
hih-
Hun
g L
u 20
12/1
2/17
41
,608
0.
00
0 0
0 0
Dep
uty
Man
ager
, Int
erna
tiona
l Bus
ines
s D
ept.
; Dep
artm
ent
of B
anki
ng a
nd
Fin
ance
, Tak
min
g U
nive
rsit
y of
Sci
ence
an
d T
echn
olog
y
Non
e N
one
Non
e N
one
Bus
ines
s D
ept.
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ng-W
en S
hih
(act
ing)
20
16/0
2/16
22
,180
0.
00
0 0
0 0
Dep
uty
Man
agem
ent o
f B
usin
ess
Dep
artm
ent,
EM
BA
Pro
gram
at
Nat
iona
l C
hung
Hsi
ng U
nive
rsit
y.
Non
e N
one
Non
e N
one
W. T
aich
ung
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. H
ung-
Chi
ng C
hu
2015
/10/
01
17,8
40
0.00
0
0 0
0 S
enio
r M
anag
er, S
halu
Bra
nch
of S
hin
Kon
g C
omm
erci
al B
ank
Co.
, Ltd
.; M
BA
of
Nat
iona
l Chu
ng H
sing
Uni
vers
ity
Non
e N
one
Non
e N
one
Zho
ng Z
heng
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hien
-Min
Cho
u 20
15/0
3/13
25
6,34
9 0.
01
0 0
0 0
Man
ager
, Bus
ines
s D
ept.
; Gra
duat
e In
stitu
te o
f In
dust
rial
Man
agem
ent,
N
atio
nal C
heng
Kun
g U
nive
rsit
y N
one
Non
e N
one
Non
e
Xitu
n B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. L
i-C
hu C
hen
2016
/02/
16
1,78
0 0.
00
0 0
0 0
Dep
uty
Man
ager
, Wea
lth
Man
agem
ent
Dep
t.; T
aich
ung
Inst
itute
of T
echn
olog
y,
Ban
king
and
Ins
uran
ce
Non
e N
one
Non
e N
one
Nan
tun
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. W
ei-T
sang
Hun
g
(act
ing)
20
16/0
2/16
17
,000
0.
00
0 0
0 0
Dep
uty
Man
ager
, Nan
tun
Bra
nch;
D
epar
tmen
t of
Tax
atio
n an
d P
ublic
F
inan
ce, F
eng
Chi
a U
nive
rsit
y N
one
Non
e N
one
Non
e
Nei
xin
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hing
-Tan
g T
sai
2016
/02/
16
23,6
70
0.00
0
0 0
0 M
anag
er, M
ingh
siun
g B
ranc
h; M
BA
of
Nat
iona
l Cha
nghu
a U
nive
rsit
y of
E
duca
tion
Non
e N
one
Non
e N
one
16
17
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
Dad
u B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Zai
-Hon
g Y
ang
2016
/02/
16
52,7
40
0.00
0
0 0
0 A
ssis
tant
VP,
Sha
lu B
ranc
h; I
nter
nati
onal
T
rade
, Tam
sui I
nsti
tute
of
Bus
ines
s A
dmin
istr
atio
n N
one
Non
e N
one
Non
e
N. T
aipi
ng B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hung
-Ron
g L
in
2013
/01/
25
25,8
56
0.00
1,
693
0.00
0
0
Dep
uty
Man
ager
, W. T
aich
ung
Bra
nch;
D
epar
tmen
t of
App
lied
Com
mer
ce,
Tai
chun
g In
stitu
te o
f Tec
hnol
ogy
(Ope
n E
duca
tion
Pro
gram
)
Non
e N
one
Non
e N
one
Tai
chun
gkan
g B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Kuo
-Chi
n C
hi
2015
/09/
14
186,
624
0.01
6,
049
0.00
0
0 M
anag
er, L
ungj
ing
Bra
nch;
Bus
ines
s A
dmin
istr
atio
n, L
ing
Tun
g C
olle
ge
Non
e N
one
Non
e N
one
Sim
in B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hing
-Yua
n L
in
2015
/03/
13
5,92
0 0.
00
0 0
0 0
Man
ager
, Yua
nlin
Bra
nch;
Dep
artm
ent o
f B
usin
ess
Adm
inis
trat
ion,
Chu
ng H
ua
Uni
vers
ity
Non
e N
one
Non
e N
one
Junk
ong
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. Y
i-P
in L
in
2015
/09/
14
135,
024
0.00
0
0 0
0 M
anag
er, B
eido
u B
ranc
h; D
epar
tmen
t of
Law
, Fu
Jen
Cat
holic
Uni
vers
ity
Non
e N
one
Non
e N
one
S. T
aich
ung
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Wen
-Hsi
n C
hiu
2014
/03/
14
29,7
40
0.00
3,
472
0.00
0
0 D
eput
y M
anag
er, T
aipi
ng B
ranc
h;
App
lied
Fore
ign
Lan
guag
e, T
aich
ung
C
olle
ge o
f B
usin
ess
Non
e N
one
Non
e N
one
N. T
aich
ung
Bra
nch
Man
ager
T
aiw
an R
.O.C
. Y
u-Y
ing
Che
n 20
16/0
2/16
43
,627
0.
00
0 0
0 0
Sen
ior
Man
ager
, Nei
xin
Bra
nch;
D
epar
tmen
t of
App
lied
Com
mer
ce,
Tai
chun
g In
stitu
te o
f Tec
hnol
ogy
(Ope
n E
duca
tion
Pro
gram
)
Non
e N
one
Non
e N
one
Tai
ping
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
-Hsi
en L
ee
2015
/03/
13
686,
119
0.02
17
,081
0.
00
0 0
Man
ager
, Hua
tan
Bra
nch;
MB
A o
f N
atio
nal C
hung
Hsi
ng U
nive
rsit
y N
one
Non
e N
one
Non
e
Hou
li B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. H
sin-
Ru
Kao
20
15/0
9/14
27
7,65
1 0.
01
0 0
0 0
Man
ager
, Tai
chun
gkan
g B
ranc
h; B
usin
ess
Adm
inis
trat
ion,
Tai
chun
g C
omm
erci
al
Sch
ool
Non
e N
one
Non
e N
one
Day
a B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. P
ao-Y
uan
Che
n 20
15/0
3/13
28
1,50
8 0.
01
0 0
0 0
Man
ager
, Fon
gyua
n B
ranc
h; D
epar
tmen
t of
Sta
tisti
cs, T
ung
Hai
Uni
vers
ity
Non
e N
one
Non
e N
one
Tan
zi B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. H
ui-C
hin
Lu
2014
/03/
14
2,78
7 0.
00
0 0
0 0
Man
ager
, Jun
kong
Bra
nch;
Ins
titut
e of
B
usin
ess
and
Man
agem
ent,
Fen
g C
hia
Uni
vers
ity
Sha
reho
lder
, Hua
n L
in C
o., L
td.
Non
e N
one
Non
e
She
ngan
g B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. M
ing-
Ren
Hsu
20
16/0
2/16
25
,742
0.
00
0 0
0 0
Ass
ista
nt V
P, Q
ings
hui B
ranc
h;
Dep
artm
ent
of I
nsur
ance
Man
agem
ent,
C
hao
Yan
g U
nive
rsit
y of
Tec
hnol
ogy
Non
e N
one
Non
e N
one
Fong
yuan
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ung-
Ten
g H
ung
2015
/03/
13
233,
092
0.01
0
0 0
0 M
anag
er, S
imin
Bra
nch;
Dep
artm
ent o
f C
oope
rati
ve E
cono
mic
s, F
eng
Chi
a U
nive
rsit
y N
one
Non
e N
one
Non
e
Daj
ia B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Min
g-Y
u C
hiu
2016
/02/
16
20,0
52
0.00
0
0 0
0 M
anag
er, P
uli B
ranc
h B
ranc
h; B
usin
ess
Adm
inis
trat
ion,
Tai
chun
g C
olle
ge o
f
Bus
ines
s( O
pen
educ
atio
n pr
ogra
m)
Non
e N
one
Non
e N
one
Qin
gshu
i Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ung-
Wen
Cha
ng
2016
/02/
16
26,7
82
0.00
0
0 0
0 M
anag
er, N
eihu
Bra
nch;
Gra
duat
e In
stitu
te o
f F
inan
ce a
nd B
anki
ng,
Tam
kang
Uni
vers
ity
Non
e N
one
Non
e N
one
Sha
lu B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Tun
g-P
o Y
ang
2016
/02/
16
474,
591
0.01
59
,300
0.
00
0 0
Ass
ista
nt V
P, D
ajia
Bra
nch
Bra
nch;
In
tern
atio
nal T
rade
, Lin
g T
ung
Col
lege
N
one
Non
e N
one
Non
e
Wuf
ong
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Cha
o-C
hi T
seng
20
13/0
1/25
24
,660
0.
00
142
0.00
0
0 D
eput
y M
anag
er, L
ukan
g B
ranc
h; M
BA
, In
stitu
te o
f H
ealt
h an
d M
anag
emen
t N
one
Non
e N
one
Non
e
Don
gshi
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hang
-Chi
Liu
20
13/0
1/25
28
9,64
5 0.
01
706
0.00
0
0 M
anag
er, L
ungj
ing
Bra
nch;
Dep
artm
ent
of C
oope
rati
ve E
cono
mic
s, N
atio
nal
Chu
ng H
sing
Uni
vers
ity
Non
e N
one
Non
e N
one
17
18
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
E. F
ongy
uan
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Te-
Chu
an W
ang
2015
/10/
12
17,8
40
0.00
0
0 0
0
Sen
ior
Man
ager
, Daj
ia B
ranc
h of
Shi
n K
ong
Com
mer
cial
Ban
k C
o., L
td.;
Inst
itute
of
Pub
lic A
ffai
rs M
anag
emen
t,
Nat
iona
l Sun
Yat
-sen
Uni
vers
ity
Non
e N
one
Non
e N
one
Wur
i Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chu
n-C
hun
Yu
2015
/09/
14
25,7
09
0.00
0
0 0
0 M
anag
er, N
anya
ng B
ranc
h; F
inan
ce,
Tai
chun
g In
stitu
te o
f Tec
hnol
ogy
(Ope
n E
duca
tion
Pro
gram
) N
one
Non
e N
one
Non
e
S. F
ongy
uan
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yun
g-C
hang
Lai
20
15/0
9/14
40
,087
0.
00
1,26
6 0.
00
0 0
Man
ager
, Bei
tun
Bra
nch;
Dep
artm
ent
of
Acc
ount
ing,
Fen
g C
hia
Uni
vers
ity
Non
e N
one
Non
e N
one
Nan
yang
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. P
i-H
ua C
hang
20
15/0
9/14
29
,351
0.
00
3,45
3 0.
00
0 0
Man
ager
, Hou
li B
ranc
h; D
epar
tmen
t of
App
lied
Com
mer
ce, T
aich
ung
Inst
itute
of
Tec
hnol
ogy
(Ope
n E
duca
tion
Pro
gram
) N
one
Non
e N
one
Non
e
Nan
tou
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
heng
-Hsi
en N
i 20
15/0
3/13
23
,713
0.
00
0 0
0 0
Man
ager
, Erl
in B
ranc
h; D
epar
tmen
t of
B
usin
ess
Adm
inis
trat
ion,
Fen
g C
hia
Uni
vers
ity
Non
e A
ssis
tant
V
P
Che
ng-W
en
Ni
Bro
ther
s
Zhu
shan
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. S
hin-
Hsi
ung
Hua
ng
2013
/01/
25
23,7
70
0.00
0
0 0
0 D
eput
y M
anag
er, P
uli B
ranc
h;
Dep
artm
ent
of I
nter
natio
nal T
rade
, U
nive
rsit
y of
Chi
nese
Cul
ture
. N
one
Non
e N
one
Non
e
Pul
i Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ng-K
un L
in
2016
/02/
16
420,
939
0.01
0
0 0
0 M
anag
er, D
atu
Bra
nch;
Int
erna
tion
al
Tra
de, O
vers
eas
Chi
nese
Col
lege
of
Com
mer
ce
Non
e N
one
Non
e N
one
Cao
tun
Bra
nch
Man
ager
T
aiw
an R
.O.C
. H
sian
g-L
ieh
Hua
ng
2016
/02/
16
73,5
80
0.00
11
6,24
7 0.
00
0 0
Dep
uty
Man
ager
, Xitu
n B
ranc
h; I
nstit
ute
of B
usin
ess
and
Man
agem
ent,
Chu
ng H
ua
Uni
vers
ity
Non
e N
one
Non
e N
one
Cha
nghu
a B
ranc
h
Man
ager
T
aiw
an R
.O.C
. S
hih-
Chi
Cha
ng
2015
/10/
01
17,8
40
0.00
0
0 0
0
Man
ager
, Cor
pora
te F
inan
ce D
ept.
of
Shi
n K
ong
Com
mer
cial
Ban
k C
o., L
td.;
Gra
duat
e In
stitu
te o
f F
inan
ce a
nd
Ban
king
, Nat
iona
l Yun
lin U
nive
rsit
y of
T
echn
olog
y an
d S
cien
ce
Non
e N
one
Non
e N
one
Luk
ang
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Shu
-Che
n C
hen
2016
/02/
16
452,
235
0.01
0
0 0
0 A
ssis
tant
VP,
Bus
ines
s D
ept.
; Dep
artm
ent
of A
ccou
ntin
g, N
atio
nal C
heng
Kun
g U
nive
rsit
y N
one
Non
e N
one
Non
e
Xih
u B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Jui-
Che
ng Y
ang
2016
/02/
16
384,
799
0.01
0
0 0
0 A
ssis
tant
VP,
Hom
ei B
ranc
h; D
epar
tmen
t of
Bus
ines
s A
dmin
istr
atio
n, M
ings
hin
Uni
vers
ity
of S
cien
ce a
nd T
echn
olog
y N
one
Non
e N
one
Non
e
Erl
in B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yu-
Che
n Y
ang
2015
/03/
13
43,0
77
0.00
19
,990
0.
00
0 0
Man
ager
, Zho
ng Z
heng
Bra
nch;
In
tern
atio
nal T
rade
, Lin
g T
ung
Col
lege
N
one
Non
e N
one
Non
e
Bei
dou
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Hsi
n-H
sin
Lee
20
15/0
9/14
21
5,30
0 0.
01
178,
040
0.01
0
0 M
anag
er, Y
uanl
in B
ranc
h; B
usin
ess,
Hol
y S
avio
r H
igh
Sch
ool
Non
e N
one
Non
e N
one
Tia
nzho
ng B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
heng
-Yu
Lai
20
15/0
3/13
47
,090
0.
00
0 0
0 0
Man
ager
, Int
erna
tiona
l Bus
ines
s D
ept.
; D
epar
tmen
t of
Acc
ount
ing,
Fen
g C
hia
Uni
vers
ity
Non
e N
one
Non
e N
one
Yua
nlin
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. S
hih-
Yi H
siao
20
15/0
9/16
17
,840
0.
00
0 0
0 0
Man
ager
, Shi
n K
ong
Com
mer
cial
Ban
k C
o., L
td.;
Inte
rnat
iona
l Tra
de, L
ing
Tun
g C
olle
ge
Non
e N
one
Non
e N
one
Hom
ei B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
h-H
ao L
iang
20
16/0
2/16
36
,471
0.
00
0 0
0 0
Man
ager
, Pux
in B
ranc
h; A
pplie
d Fo
reig
n L
angu
age,
Tai
chun
g C
omm
erci
al
Sch
ool o
n C
onti
nuin
g E
duca
tion
Non
e N
one
Non
e N
one
She
tou
Bra
nch
Man
ager
T
aiw
an R
.O.C
. Y
ung-
Sun
g C
hien
20
15/0
9/14
26
,210
0.
00
1,25
3 0.
00
0 0
Man
ager
, Cha
nghu
a B
ranc
h; M
BA
of
Cha
oyan
g U
nive
rsit
y of
Tec
hnol
ogy
Non
e N
one
Non
e N
one
18
19
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
Hua
tan
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
h-H
ua Y
ao
2015
/03/
13
325,
733
0.01
0
0 0
0 M
anag
er, Y
ongj
ing
Bra
nch;
Gra
duat
e In
stitu
te o
f Agr
icul
tura
l Eco
nom
ics,
N
atio
nal C
hung
Hsi
ng U
nive
rsit
y N
one
Non
e N
one
Non
e
Yon
gjin
g B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hao-
Chi
Cha
ng
2015
/03/
13
36,3
77
0.00
0
0 0
0 D
eput
y M
anag
er, S
halu
Bra
nch;
D
epar
tmen
t of
Eco
nom
ics,
Fen
g C
hia
Uni
vers
ity
Non
e N
one
Non
e N
one
Xiu
shui
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Wei
-Hua
ng Y
ou
2013
/01/
25
23,5
50
0.00
0
0 0
0 M
anag
er, F
ongy
uan
Bra
nch;
Dep
artm
ent
of A
ccou
ntin
g, N
atio
nal C
hung
Hsi
ng
Uni
vers
ity
Non
e N
one
Non
e N
one
She
nkan
g B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. M
ing-
Che
ng W
u 20
14/0
3/14
13
2,08
4 0.
00
0 0
0 0
Man
ager
, Pei
tou
Bra
nch;
Ent
erpr
ise
Info
rmat
ion
Man
agem
ent,
Chu
ng C
hou
Inst
itute
of T
echn
olog
y, A
ffil
iate
d C
olle
ge
of C
onti
nuin
g E
duca
tion
Non
e N
one
Non
e N
one
Daz
hu B
ranc
h
Man
ager
T
aiw
an R
.O.C
. C
hia-
Wei
Tsa
i 20
15/0
3/13
10
2,38
7 0.
00
0 0
0 0
Man
ager
, Day
a B
ranc
h; I
nstit
ute
of
Bus
ines
s an
d M
anag
emen
t, A
sia
Uni
vers
ity
Non
e N
one
Non
e N
one
N. Y
uanl
in B
ranc
h
Man
ager
T
aiw
an R
.O.C
. C
hun-
Min
Hua
ng
2013
/01/
25
24,4
35
0.00
0
0 0
0 D
eput
y M
anag
er, H
uata
n B
ranc
h;
Dep
artm
ent
of B
usin
ess
Adm
inis
trat
ion,
N
atio
nal C
hung
Hsi
ng U
nive
rsit
y N
one
Non
e N
one
Non
e
Pito
u B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. S
hih-
Hue
i Wan
g 20
13/0
1/25
60
,661
0.
00
1,78
0 0.
00
0 0
Man
ager
, Wur
i Bra
nch;
Tou
rism
D
epar
tmen
t, T
amsu
i Ins
titu
te o
f B
usin
ess
Adm
inis
trat
ion
Non
e N
one
Non
e N
one
Bei
tun
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
h-H
ung
Wu
2015
/09/
14
47,5
80
0.00
0
0 0
0 M
anag
er, S
. Fon
gyua
n B
ranc
h; G
radu
ate
Sch
ool o
f St
atis
tics
, Nat
iona
l Tai
pei
Uni
vers
ity
Non
e N
one
Non
e N
one
Pux
in B
ranc
h
Man
ager
T
aiw
an R
.O.C
. K
uang
-Chi
h C
hen
2016
/02/
16
148,
398
0.00
2
0.00
0
0 M
anag
er, C
aotu
n B
ranc
h; B
usin
ess
Adm
inis
trat
ion,
Tai
tung
Ins
titut
e of
T
echn
olog
y N
one
Non
e N
one
Non
e
Tai
pei B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yu-
Hsi
en S
hen
2015
/10/
01
19,8
40
0.00
0
0 0
0 A
ssis
tant
VP,
Shi
n K
ong
Com
mer
cial
B
ank
Co.
, Ltd
.; D
epar
tmen
t of
Tax
atio
n an
d P
ublic
Fin
ance
, Ale
thei
a U
nive
rsit
y N
one
Non
e N
one
Non
e
Lun
gjin
g B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. H
ui-C
hen
Cha
o 20
15/0
9/14
14
7,86
7 0.
00
0 0
0 0
Dep
uty
Man
ager
, Daz
hu B
ranc
h; M
BA
of
Nat
iona
l Cha
nghu
a U
nive
rsit
y of
E
duca
tion
Non
e N
one
Non
e N
one
Son
gsha
n B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yun
g-C
hian
g Y
u 20
16/0
2/16
0
0 0
0 0
0
Ass
ista
nt V
P, S
hin
Kon
g C
omm
erci
al
Ban
k C
o., L
td.;
Gra
duat
e In
stitu
te o
f In
dust
rial
Eco
nom
ics,
Tam
kang
U
nive
rsit
y
Non
e N
one
Non
e N
one
San
zhon
g B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Kuo
-Lia
ng H
o 20
13/0
6/24
38
,650
0.
00
0 0
0 0
Man
ager
, Nor
th R
egio
nal C
ente
r,
Dep
artm
ent
of E
cono
mic
s, N
atio
nal
Chu
ng H
sing
Uni
vers
ity
Non
e N
one
Non
e N
one
Kao
hsiu
ng B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Wen
-Kai
Tsa
i 20
15/0
3/16
49
,394
0.
00
0 0
0 0
Man
ager
, Fen
g S
han
Bra
nch;
Gra
duat
e In
stitu
te o
f F
inan
cial
Ope
rati
ons,
Nat
iona
l K
aohs
iung
Fir
st U
nive
rsit
y of
Sci
ence
an
d T
echn
olog
y
Non
e N
one
Non
e N
one
Lin
kou
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Yin
-Ta
Tsa
i 20
13/0
1/25
25
,993
0.
00
0 0
0 0
Dep
uty
Man
ager
, Tuc
heng
Bra
nch;
D
epar
tmen
t of
Int
erna
tiona
l Tra
de,
Tam
kang
Uni
vers
ity
Non
e N
one
Non
e N
one
Huw
ei B
ranc
h
Man
ager
T
aiw
an R
.O.C
. C
hien
-Hao
Che
n 20
15/0
9/14
25
,859
0.
00
4,41
0 0.
00
0 0
Man
ager
, E. F
ongy
uan
Bra
nch;
Ins
titut
e of
Bus
ines
s an
d M
anag
emen
t, F
eng
Chi
a U
nive
rsit
y N
one
Non
e N
one
Non
e
19
20
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
Yua
nli B
ranc
h
Man
ager
T
aiw
an R
.O.C
. C
hin-
Sha
n L
iu
2015
/09/
14
24,2
70
0.00
0
0 0
0 D
eput
y M
anag
er, D
ajia
Bra
nch;
In
tern
atio
nal T
rade
, Lin
g T
ung
Col
lege
N
one
Non
e N
one
Non
e
Zhu
nan
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. Y
u-Ju
i Liu
20
15/0
9/14
23
,180
0.
00
5,63
1 0.
00
0 0
Dep
uty
Man
ager
, Yua
nli B
ranc
h;
Dep
artm
ent
of A
ccou
ntin
g, T
ung
Hai
U
nive
rsit
y N
one
Non
e N
one
Non
e
Dou
nan
Bra
nch
Man
ager
T
aiw
an R
.O.C
. C
hen-
Hsi
ang
Chu
ang
2014
/03/
14
64,0
12
0.00
0
0 0
0 M
anag
er, H
uwei
Bra
nch,
Erl
in B
ranc
h;
Ban
k M
anag
emen
t, T
amsu
i Ins
titu
te o
f B
usin
ess
Adm
inis
trat
ion
Non
e N
one
Non
e N
one
Nei
hu B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Jui-
Cha
ng L
ee
2016
/02/
16
69,8
97
0.00
0
0 0
0
Ass
ista
nt V
P, S
ongs
han
Bra
nch;
Bus
ines
s A
dmin
istr
atio
n, N
atio
nal T
aipe
i Jun
ior
Col
lege
of
Bus
ines
s on
Air
edu
cati
on
prog
ram
Non
e N
one
Non
e N
one
Ban
chia
o B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Lia
ng-W
en C
hian
g 20
15/1
0/12
19
,840
0.
00
0 0
0 0
Ass
ista
nt V
P, S
hin
Kon
g C
omm
erci
al
Ban
k C
o., L
td.;
MB
A o
f Tam
kang
U
nive
rsit
y N
one
Non
e N
one
Non
e
Feng
Sha
n B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Chi
ang-
Kai
Liu
20
15/0
3/16
10
8,96
6 0.
00
0 0
0 0
Man
ager
, Kao
hsiu
ng B
ranc
h; G
radu
ate
Inst
itute
of
Fin
anci
al O
pera
tion
s, N
atio
nal
Kao
hsiu
ng F
irst
Uni
vers
ity
of S
cien
ce
and
Tec
hnol
ogy
Non
e N
one
Non
e N
one
Xin
zhua
ng B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. S
hu-L
an H
uang
20
16/0
2/16
35
,290
0.
00
0 0
0 0
Man
ager
, Tuc
heng
Bra
nch;
Gra
duat
e S
choo
l of
Man
agem
ent,
Yua
n Z
e U
nive
rsit
y N
one
Non
e N
one
Non
e
Min
ghsi
ung
Bra
nch
Man
ager
T
aiw
an R
.O.C
. Y
i-C
heng
Lia
o 20
16/0
2/16
36
,322
0.
00
3,74
4 0.
00
0 0
Man
ager
, She
ngan
g B
ranc
h; M
BA
, B
anki
ng a
nd F
inan
ce, C
haoy
ang
Uni
vers
ity
of T
echn
olog
y N
one
Non
e N
one
Non
e
Tao
yuan
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Che
ng-M
ing
Yan
g 20
15/1
0/12
17
,840
0.
00
0 0
0 0
Sen
ior
Man
ager
, Shi
n K
ong
Com
mer
cial
B
ank
Co.
, Ltd
.; D
epar
tmen
t of
In
tern
atio
nal T
rade
, Fu
Jen
Cat
holic
U
nive
rsit
y
Non
e N
one
Non
e N
one
Yon
gkan
g B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. T
sung
-Hsi
en L
ee
2010
/06/
01
25,3
43
0.00
0
0 0
0
Man
ager
, Cit
iban
k Fu
Che
ng B
ranc
h;
Com
preh
ensi
ve C
omm
erce
Dep
ertm
ent,
N
atio
nal T
aina
n C
omm
erci
al V
ocat
iona
l S
enio
r H
igh
Sch
ool
Non
e N
one
Non
e N
one
Zhu
pei B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
heng
-Hua
n H
uang
20
15/0
9/14
19
7,26
0 0.
01
16,2
57
0.00
0
0 M
anag
er, Z
huna
n B
ranc
h; D
epar
tmen
t of
Eco
nom
ics,
Tun
g H
ai U
nive
rsit
y N
one
Non
e N
one
Non
e
Nan
Kan
g B
ranc
h
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Hsi
n-Fa
Wan
g 20
13/0
1/25
22
,592
0.
00
- 0.
00
0 0
Man
ager
, Xin
zhua
ng B
ranc
h; G
radu
ate
Inst
itute
of
Man
agem
ent
Sci
ence
, N
atio
nal C
hiao
Tun
g U
nive
rsit
y N
one
Non
e N
one
Non
e
Nei
li B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. H
ua-H
sing
Wen
20
14/1
1/11
84
,501
0.
00
60,7
85
0.00
0
0 D
eput
y M
anag
er, N
eili
Bra
nch;
Nat
iona
l T
aiw
an U
nive
rsit
y C
olle
ge o
f M
anag
emen
t N
one
Non
e N
one
Non
e
Hsi
nchu
Bra
nch
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Cha
o-C
hing
Wu
2015
/10/
01
23,2
00
0.00
0
0 0
0
Ass
ista
nt V
P, S
hin
Kon
g C
omm
erci
al
Ban
k C
o., L
td.;
Gra
duat
e In
stitu
te o
f T
echn
olog
y M
anag
emen
t, N
atio
nal C
hiao
T
ung
Uni
vers
ity
Non
e N
one
Non
e N
one
Kue
isha
n B
ranc
h
Man
ager
T
aiw
an R
.O.C
. Y
u-H
ui T
seng
20
15/0
9/14
22
,280
0.
00
0 0
0 0
Man
ager
, Tay
uan
Bra
nch;
Gra
duat
e S
choo
l of
Man
agem
ent,
Yua
n Z
e U
nive
rsit
y N
one
Non
e N
one
Non
e
Jhon
gli B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. P
ei-M
iao
Jan
2015
/09/
14
167,
874
0.01
0
0 0
0 M
anag
er, T
aoyu
an B
ranc
h; G
radu
ate
Inst
itute
of
Fin
ance
and
Ban
king
, N
atio
nal C
entr
al U
nive
rsit
y N
one
Non
e N
one
Non
e
20
21
Tit
le
Nat
ion
alit
y
Nam
e E
lect
ion
(A
pp
oin
tmen
t)
Dat
e
Sta
tus
of s
har
ehol
din
g S
har
es H
eld
by
Sp
ouse
&
Dep
end
ents
S
har
ehol
din
g u
nd
er t
he
titl
e of
a t
hir
d p
arty
Maj
or (
acad
emic
deg
ree)
exp
erie
nce
P
osit
ion
s w
ith
oth
er c
omp
anie
s
Sp
ouse
or
kin
wit
hin
th
e se
con
d
pill
ar u
nd
er t
he
Civ
il C
ode
and
w
ho
is a
man
ager
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Qu
anti
ty
Rat
io o
f S
har
ehol
din
g
%
Tit
le
Nam
e R
elat
ion
Hsi
n Fe
ng B
ranc
h
Sen
ior
Man
ager
T
aiw
an R
.O.C
. C
hien
-Hun
g L
in
2014
/08/
15
46,1
95
0.00
0
0 0
0 M
anag
er, C
hu P
ei B
ranc
h; D
epar
tmen
t of
Tax
atio
n an
d P
ublic
Fin
ance
, Nat
iona
l C
hung
Hsi
ng U
nive
rsit
y N
one
Non
e N
one
Non
e
Tay
uan
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. T
ing-
Kua
ng H
uang
20
15/0
9/14
23
,020
0.
00
0 0
0 0
Man
ager
, Yan
gmei
Bra
nch;
Dep
artm
ent
of C
oope
rati
ve E
cono
mic
s, F
eng
Chi
a U
nive
rsit
y N
one
Non
e N
one
Non
e
Yan
gmei
Bra
nch
Sen
ior
Man
ager
T
aiw
an R
.O.C
. Ji
h-H
sin
Lee
20
15/0
9/14
14
9,80
3 0.
00
0 0
0 0
Man
ager
, Jho
ngli
Bra
nch;
Dep
artm
ent
of
App
lied
Bus
ines
s, T
aipe
i Ins
titu
te o
f C
omm
erce
and
Tec
hnol
ogy
Non
e N
one
Non
e N
one
Tuc
heng
Bra
nch
Man
ager
T
aiw
an R
.O.C
. C
hun-
wen
Che
n 20
16/0
2/16
28
,424
0.
00
0 0
0 0
Sen
ior
Man
ager
, Xin
zhua
ng B
ranc
h;
Dep
artm
ent
of B
anki
ng, N
atio
nal
Che
ngch
i Uni
vers
ity
Non
e N
one
Non
e N
one
Fuxi
ng B
ranc
h
Man
ager
T
aiw
an R
.O.C
. T
ien-
Hou
Tsa
i 20
13/0
9/24
11
4,19
4 0.
00
0 0
0 0
Man
ager
, Son
gsha
n B
ranc
h; D
epar
tmen
t of
Ban
king
, Nat
iona
l Che
ngch
i Uni
vers
ity
Non
e N
one
Non
e N
one
Zho
ngsh
an B
ranc
h
Man
ager
T
aiw
an R
.O.C
. C
hi-J
en C
hang
20
16/0
2/16
18
,388
0.
00
0 0
0 0
Dep
uty
Man
ager
, Cor
pora
te F
inan
ce
Dep
t.; G
radu
ate
Inst
itute
of
Fin
ance
and
B
anki
ng, T
amka
ng U
nive
rsit
y N
one
Non
e N
one
Non
e
Tai
tung
Bra
nch
Man
ager
T
aiw
an R
.O.C
. C
hien
-Min
Fen
g 20
15/0
6/25
21
,130
0.
00
0 0
0 0
Man
ager
, Piz
gzhe
n B
ranc
h; D
epar
tmen
t of
Ind
ustr
ial M
anag
emen
t, N
atio
nal
Tai
wan
Uni
vers
ity
of S
cien
ce a
nd
Tec
hnol
ogy
Non
e N
one
Non
e N
one
Ass
ista
nt V
P, C
hang
hua
Reg
iona
l Cen
ter
Tai
wan
R.O
.C.
Che
ng-W
en N
i 20
15/0
3/13
58
,018
0.
00
0 0
0 0
Man
ager
, Daz
hu B
ranc
h; D
epar
tmen
t of
Bus
ines
s A
dmin
istr
atio
n, L
ing
Tun
g C
olle
ge
Non
e S
enio
r M
anag
er
Che
ng-H
sien
N
i B
roth
ers
Nor
ther
n R
egio
nal C
ente
r
Ass
ista
nt V
P
Tai
wan
R.O
.C.
Run
g-K
uo C
heng
20
15/0
9/14
19
5,95
5 0.
01
0 0
0 0
Man
ager
, Tai
pei B
ranc
h; G
radu
ate
Inst
itute
of
Law
, Soo
chow
Uni
vers
ity
Non
e N
one
Non
e N
one
21
22
III.
R
emun
erat
ion
to D
irec
tors
, Pre
side
nt a
nd E
xecu
tive
Vic
e P
resi
dent
s, a
nd a
lloc
atio
n of
rem
uner
atio
n to
em
ploy
ees
in th
e m
ost r
ecen
t ye
ar:
(I)
Rem
uner
atio
n to
Dir
ecto
rs (
incl
udin
g in
depe
nden
t dir
ecto
rs)
Uni
t: N
TD
thou
sand
; %
Tit
le
Nam
e
Rem
uner
atio
n to
Dir
ecto
rs
The
sum
of
A, B
, C
and
D in
pr
opor
tion
to
Ear
ning
s
Rem
uner
atio
n in
the
cap
acit
y as
em
ploy
ees
The
sum
of
A, B
, C
, D, E
, F a
nd G
in
pro
port
ion
to
Ear
ning
s
Rem
uner
atio
n pa
id to
di
rect
ions
fr
om a
n in
vest
ed
com
pany
ot
her
than
the
co
mpa
ny’s
su
bsid
iary
Dir
ecto
r fe
es (
A)
Pen
sion
(B
) R
emun
erat
ion
(C)
For
serv
ices
(D
) S
alar
ies,
bon
us a
nd
spec
ial s
ubsi
dies
(E
) P
ensi
on (
F)
Rem
uner
atio
n to
em
ploy
ees
(G)
(Not
e 1)
Qua
ntit
y of
sh
ares
ent
itle
d un
der
empl
oyee
st
ock
optio
n (H
)
Num
ber
of n
ew
rest
rict
ed
empl
oyee
sha
res
acqu
ired
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
Ban
k A
ll co
mpa
nies
men
tion
ed
in t
he f
inan
cial
sta
tem
ents
T
he
Ban
k
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
The
B
ank
All
com
pani
es
men
tion
ed
in t
he
fina
ncia
l st
atem
ents
Cas
h S
tock
C
ash
Sto
ck
Cha
irm
an
Chu
n-S
heng
Lee
7,
683
7,68
3 0
0 0
0 1,
440
1,44
0 0.
26
0.26
8,
618
8,61
8 0
0 14
7 0
147
0 0
0 0
0 0.
51
0.51
0
Cha
irm
an
Jin-
Fong
Soo
13
,540
13
,540
0
0 0
0 2,
022
2,02
2 0.
45
0.45
0
0 0
0 0
0 0
0 0
0 0
0 0.
45
0.45
0
Man
agin
g D
irec
tor
Chi
n-Y
uan
Lai
0
0 0
0 0
0 11
0 11
0 0
0 19
,205
19
,205
0
0 17
7 0
177
0 0
0 0
0 0.
56
0.56
0
Man
agin
g D
irec
tor
Kue
i-Fo
ng W
ang,
Jer
-Shy
ong
Tsa
i H
si-R
ong
Hua
ng (
inde
pend
ent
dire
ctor
)
30,5
50
39,3
43
0 0
17,5
58
17,5
58
2,53
4 4,
147
1.46
1.
77
0 0
0 0
0 0
0 0
0 0
0 0
1.46
1.
77
36
Inde
pend
ent
dire
ctor
C
hen-
Le
Liu
, Jin
-Yi L
ee
Dir
ecto
r
Shu
-Yua
n L
in, M
eng-
Lia
ng C
hang
H
sin-
Chi
ng C
hang
; Min
g-S
han
Chu
ang
Wei
-Lia
ng L
in, C
hien
-Hui
Hua
ng
Yu-
Chu
n C
hen,
Chi
ng-H
sin
Cha
ng
Pan
Asi
a C
hem
ical
Cor
pora
tion
Ho
Yan
g M
anag
emen
t C
onsu
ltant
Co.
, Ltd
.
I Jo
ung
Inve
stm
ent
Co.
, Ltd
.
Hsu
Tia
n In
vest
men
t C
o., L
td.
4,
560
4,56
0 0
0 40
,602
40
,602
0
0 1.
30
1.30
0
0 0
0 0
0 0
0 0
0 0
0 1.
30
1.30
0
Not
e 1:
T
he r
emun
erat
ion
to e
mpl
oyee
and
dir
ecto
rs a
re a
lloca
ted
acco
rdin
g to
the
earn
ings
allo
cati
on m
otio
n in
the
mos
t rec
ent y
ear.
The
pro
port
ion
of a
lloca
tion
this
yea
r is
impu
ted
base
d on
the
prop
orti
on o
f al
loca
tion
in th
e m
ost r
ecen
t yea
r. N
ote
2:
Cha
irm
an J
in-F
ong
Soo
ret
ired
fro
m o
ffic
e on
Jun
e 3
2015
. Dir
ecto
r C
hun-
She
ng L
ee a
ssum
ed o
ffic
e of
the
Cha
irm
an o
n Ju
ne 1
7 20
15.
Not
e 3:
H
su T
ian
Inve
stm
ent C
o., L
td. a
ppoi
nted
Chi
n-Y
uan
Lai
as
the
repr
esen
tativ
e on
Jun
e 3,
201
5.
Not
e 4:
C
hauf
feur
s ha
ve b
een
assi
gned
to th
e C
hair
man
and
the
Man
agin
g D
irec
tors
. The
sal
arie
s an
d ov
er-t
ime
paym
ent a
mou
nted
to N
TD
1,1
15,6
40.
22
23
Cla
ssif
icat
ion
of r
emun
erat
ion
Cla
ssif
icat
ion
of r
emun
erat
ion
paid
to d
irec
tors
Nam
e of
Dir
ecto
rs
Tot
al (
A+
B+
C+
D)
Tot
al (
A+
B+
C+
D+
E+
F+
G)
The
Ban
k A
ll c
ompa
nies
men
tion
ed in
th
e fi
nanc
ial s
tate
men
ts I
T
he B
ank
All
com
pani
es m
enti
oned
in
the
fina
ncia
l sta
tem
ents
J
Les
s th
an N
TD
2,0
00,0
00
Che
n-L
e L
iu, J
in-Y
i Lee
, S
hu-Y
uan
Lin
, Men
g-L
iang
C
hang
, Hsi
n-C
hing
Cha
ng,
Min
g-S
han
Chu
ang,
W
ei-L
iang
Lin
, Chi
en-H
ui
Hua
ng, Y
u-C
hun
Che
n,
Chi
ng-H
sin
Cha
ng
Che
n-L
e L
iu, J
in-Y
i Lee
, M
eng-
Lia
ng C
hang
, H
sin-
Chi
ng C
hang
, M
ing-
Sha
n C
huan
g,
Chi
en-H
ui H
uang
, Yu-
Chu
n C
hen,
Chi
ng-H
sin
Cha
ng
Che
n-L
e L
iu, J
in-Y
i Lee
, S
hu-Y
uan
Lin
, Men
g-L
iang
C
hang
, Hsi
n-C
hing
Cha
ng,
Min
g-S
han
Chu
ang,
W
ei-L
iang
Lin
, Chi
en-H
ui
Hua
ng, Y
u-C
hun
Che
n,
Chi
ng-H
sin
Cha
ng
Che
n-L
e L
iu, J
in-Y
i Lee
, M
eng-
Lia
ng C
hang
, H
sin-
Chi
ng C
hang
, M
ing-
Sha
n C
huan
g,
Chi
en-H
ui H
uang
, Yu-
Chu
n C
hen,
Chi
ng-H
sin
Cha
ng
NT
D 2
,000
,000
(inc
lusi
ve)
~ N
TD
5,0
00,0
00
(exc
lusi
ve)
Hsi
-Ron
g H
uang
, I J
oung
In
vest
men
t Co.
, Ltd
.
Hsi
-Ron
g H
uang
, S
hu-Y
uan
Lin
, Wei
-Lia
ng L
in,
I Jo
ung
Inve
stm
ent C
o., L
td.
Hsi
-Ron
g H
uang
, I J
oung
In
vest
men
t Co.
, Ltd
.
Hsi
-Ron
g H
uang
, S
hu-Y
uan
Lin
, Wei
-Lia
ng L
in,
I Jo
ung
Inve
stm
ent C
o., L
td.
NT
D 5
,000
,000
(inc
lusi
ve)～
NT
D 1
0,00
0,00
0 (e
xclu
sive
) P
an A
sia
Che
mic
al
Cor
pora
tion
P
an A
sia
Che
mic
al
Cor
pora
tion
P
an A
sia
Che
mic
al
Cor
pora
tion
P
an A
sia
Che
mic
al
Cor
pora
tion
NT
D 1
0,00
0,00
0(in
clus
ive)
~ N
TD
15,
000,
000
(exc
lusi
ve)
Kue
i-F
ong
Wan
g, J
er-S
hyon
g T
sai,
Ho
Yan
g M
anag
emen
t C
onsu
ltan
t Co.
, Ltd
.
Kue
i-F
ong
Wan
g, J
er-S
hyon
g T
sai,
Ho
Yan
g M
anag
emen
t C
onsu
ltan
t Co.
, Ltd
.
Kue
i-F
ong
Wan
g, J
er-S
hyon
g T
sai,
Ho
Yan
g M
anag
emen
t C
onsu
ltan
t Co.
, Ltd
.
Kue
i-F
ong
Wan
g, J
er-S
hyon
g T
sai,
Ho
Yan
g M
anag
emen
t C
onsu
ltan
t Co.
, Ltd
.
NT
D 1
5,00
0,00
0(in
clus
ive)
~ N
TD
30,
000,
000
(exc
lusi
ve)
Non
e N
one
Non
e N
one
NT
D 3
0,00
0,00
0(in
clus
ive)
~ N
TD
50,
000,
000
(exc
lusi
ve)
Non
e N
one
Non
e N
one
NT
D 5
0,00
0,00
0(in
clus
ive)
~ N
TD
100
,000
,000
(e
xclu
sive
) N
one
Non
e N
one
Non
e
NT
D 1
00,0
00,0
00 a
bove
N
one
Non
e N
one
Non
e
Tot
al
16 p
erso
ns
16 p
erso
ns
16 p
erso
ns
16 p
erso
ns
23
24
(II)
R
emun
erat
ion
to P
resi
dent
and
Exe
cuti
ve V
ice
Pre
side
nts
Uni
t: N
TD
thou
sand
; %
Tit
le
Nam
e
Sal
arie
s (A
) P
ensi
on
(B)
Bon
us a
nd s
peci
al
Dis
burs
emen
t (C
)
Rem
uner
atio
n to
the
empl
oyee
s (D
) (N
ote
1)
The
sum
of
A, B
, C
and
D in
pr
opor
tion
to
Ear
ning
s
Em
ploy
ee s
hare
su
bscr
ipti
on
war
rant
s
Num
ber
of n
ew
rest
rict
ed
empl
oyee
sha
res
acqu
ired
Rem
uner
atio
n pa
id to
di
rect
ions
fr
om a
n in
vest
ed
com
pany
ot
her
than
the
com
pany
’s
subs
idia
ry
The
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k
All
co
mpa
nies
m
enti
oned
in
the
fina
ncia
l st
atem
ents
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ank
All
co
mpa
nies
m
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in
the
fina
ncia
l st
atem
ents
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k
All
co
mpa
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m
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oned
in
the
fina
ncia
l st
atem
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k
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co
mpa
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m
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in
the
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ncia
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atem
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The
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ank
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co
mpa
nies
m
enti
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in
the
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ncia
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atem
ents
The
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ank
All
co
mpa
nies
m
enti
oned
in
the
fina
ncia
l st
atem
ents
The
B
ank
All
co
mpa
nies
m
enti
oned
in
the
fina
ncia
l st
atem
ents
C
ash
Sto
ck C
ash
Sto
ck
Pre
side
nt
Chu
n-S
heng
Lee
41,0
99
41,3
49
0 0
16,6
07
16,8
92 1
,092
0
1,09
2 0
1.69
1.
71
0 0
0 0
3
Pre
side
nt
Chi
n-Y
uan
Lai
Sen
ior
Vic
e P
resi
dent
H
sueh
-Hsu
an L
iao
Sen
ior
Vic
e P
resi
dent
D
eh-W
ei C
hia
Sen
ior
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e P
resi
dent
C
hing
-Tai
Hua
ng
Exe
cuti
ve V
ice
Pre
side
nt
Chi
-Chu
an F
ang
Exe
cuti
ve V
ice
Pre
side
nt
Kai
-Yu
Lin
Chi
ef A
udit
or
Min
-Chi
n S
hen
Not
e 1:
T
he r
emun
erat
ion
to e
mpl
oyee
and
dir
ecto
rs a
re a
lloca
ted
acco
rdin
g to
the
earn
ings
allo
cati
on m
otio
n in
the
mos
t rec
ent
year
. The
pro
port
ion
of a
lloca
tion
this
yea
r is
impu
ted
base
d on
the
prop
orti
on o
f al
loca
tion
in th
e m
ost r
ecen
t yea
r. N
ote
2:
Pre
side
nt C
hun-
She
ng L
ee a
ssum
ed o
ffic
e as
the
Cha
irm
an o
n Ju
ne 1
7 20
15.
Not
e 3:
M
anag
ing
Dir
ecto
r C
hin-
Yua
n L
ai a
ssum
ed o
ffic
e as
the
Pre
side
nt o
n Ju
ly 1
201
5.
Not
e 4:
M
r. C
hing
-Tai
Hua
ng a
ssum
ed o
ffic
e as
the
Sen
ior
Vic
e P
resi
dent
on
Oct
ober
19
2015
. N
ote
5:
A c
hauf
feur
has
bee
n as
sign
ed to
the
Pre
side
nt. T
he s
alar
ies
and
over
tim
e pa
ymen
ts a
mou
nted
to N
TD
453
,528
.
Cla
ssif
icat
ion
of r
emun
erat
ion
Cla
ssif
icat
ion
of R
emun
erat
ion
paid
to p
resi
dent
s an
d E
xecu
tive
Vic
e P
resi
dent
s
Nam
e of
Pre
side
nts
and
Exe
cuti
ve V
ice
Pre
side
nts
The
Ban
k A
ll c
ompa
nies
men
tion
ed in
the
fina
ncia
l sta
tem
ents
Les
s th
an N
TD
2,0
00,0
00
Chi
ng-T
ai H
uang
C
hing
-Tai
Hua
ng
NT
D 2
,000
,000
(inc
lusi
ve)
~ N
TD
5,0
00,0
00 (
excl
usiv
e)
Non
e N
one
NT
D 5
,000
,000
(inc
lusi
ve)～
NT
D 1
0,00
0,00
0 (e
xclu
sive
) C
hun-
She
ng L
ee, C
hi-C
huan
Fan
g, K
ai-Y
u L
in, H
sueh
-Hsu
an L
iao,
D
eh-W
ei C
hia,
Min
-Chi
n S
hen
Chu
n-S
heng
Lee
, Chi
-Chu
an F
ang,
Kai
-Yu
Lin
, Hsu
eh- H
suan
Lia
o,
Deh
-Wei
Chi
a, M
in-C
hin
She
n N
TD
10,
000,
000(
incl
usiv
e) ~
NT
D 1
5,00
0,00
0 (e
xclu
sive
) N
one
Non
e
NT
D 1
5,00
0,00
0(in
clus
ive)
~ N
TD
30,
000,
000
(exc
lusi
ve)
Chi
n-Y
uan
Lai
C
hin-
Yua
n L
ai
NT
D 3
0,00
0,00
0(in
clus
ive)
~N
TD
100
,000
,000
abo
ve
Non
e N
one
Tot
al
8 pe
rson
s 8
pers
ons
24
25
(III) Names of managers with remuneration as employees and the status of payment
Unit: NTD thousand; %
Title Name Stock Cash Total Total/after-tax
profit
Chairman Chun-Sheng Lee
0 7,783 7,783 0.22
President Chin-Yuan Lai
Senior Vice President
Hsueh-Hsuan Liao, Deh-Wei Chia, Ching-Tai Huang
Executive Vice President
Chi-Chuan Fang, Kai-Yu Lin
Chief Auditor Min-Chin Shen
Mangers of the various
departments and branches
Ching-hu Hsieh, Chun-Ying Wang, Yi-Yuan Tung, Chung-Ping Yang, Yi-Ying Chung, Chun-Sheng Lin, Yu-Chung Lin, Kuang-Chung Hsiao, Mei-Li Wu, Chen-Ying Wu, Hsien-Chih Liu, Ya-Mei Chen, Kuo-Chi Lin, Po-Mao Huang, Tsung-Yi Liu, Tsung-Hsien Lee, Chung-Cheng Wu, Hung-Ching Chu, Chien-Min Chou, Li-Chu Chen, Ching-Tang Tsai, Zai-Hong Yang, Chung-Rong Lin, Kuo-Chin Chi, Ching-Yuan Lin, Yi-Pin Lin, Wen-Hsin Chiu, Yu-Ying Chen, Chi-Hsien Lee, Hsin-Ru Kao, Pao-Yuan Chen, Hui-Chin Lu, Ming-Ren Hsu, Chiung-Teng Hung, Ming-Yu Chiu, Tung-Po Yang, Chao-Chi Tseng, Chang-Chi Liu, Te-Chuan Wang, Chun-Chun Yu, Yung-Chang Lai, Pi-Hua Chang, Cheng-Hsien Ni, Shin-Hsiung Huang, Ching-Kun Lin, Hsiang-Lieh Huang, Shih-Chi Chang, Shu-Chen Chen, Jui-Cheng Yang, Yu-Chen Yang, Hsin-Hsin Lee, Cheng-Yu Lai, Shih-Yi Hsiao, Chih-Hao Liang, Yung-Sung Chien, Chih-Hua Yao, Chao-Chi Chang, Wei-Huang You, Ming-Cheng Wu, Chia-Wei Tsai, Chun-Min Huang, Shih-Huei Wang, Chih-Hung Wu, Kuang-Chih Chen, Yu-Hsien Shen, Hui-Chen Chao, Kuo-Liang Ho, Wen-Kai Tsai, Yin-Ta Tsai, Chien-Hao Chen, Chih-Hung Lu, Chin-Shan Liu, Yu-Jui Liu, Chen-Hsiang Chuang, Jui-Chang Lee, Liang-Wen Chiang, Chiang-Kai Liu, Shu-Lan Huang, Cheng-Ming Yang, Tsung-Hsien Lee, Cheng-Huan Huang, Chao-Ching Wu, Hsin-Fa Wang, Hua-Hsing Wen, Yu-Hui Tseng, Pei-Miao Jan, Chien-Hung Lin, Ting-Kuang Huang, Jr-Hsin Lee, Chun-wen Chen, Chi-Jen Chang, Tien-Hou Tsai, Chien-Min Feng, Cheng-Wen Ni, Rung-Kuo Cheng
25
26
(IV) Compare and analyze the total remuneration to the Directors, Supervisors, President, and Vice Presidents of the Bank and all companies included in the consolidated statements in the last 2 years in proportion to the corporate earnings, and specify the policy, standard, combination, decision-making process of remuneration and its association with operation performance:
1. Analysis on Proportion to Earnings
Unit: NTD thousand; %
2015 2014
The Bank Consolidation The Bank Consolidation
Director 120,598 131,005 30,482 38,009
Supervisor - - 2,170 2,170
President/Executive Vice Presidents
58,798 59,333 24,686 25,211
Total 179,396 190,338 57,338 65,390
Total/after-tax profit 5.16 5.47 1.54 1.76
Note: The remuneration to directors less the salary received by President for assuming employees concurrently.
2. The compensation policy, standard, combination of compensation items, and codify the procedures of compensation determination and the linkage between compensation and operating performance as well as future risks.
(1) The Bank’s remuneration policy and standard portfolio, payment procedure, and operating performance correlation for the directors is based on Article 27-1 of the Bank’s Articles of Incorporation: “The remuneration to Chairman is based on the total income of the President times 1.25.” The compensation for the Vice Chairman of the Board, Executive Director, and Independent Directors is at the discretion of the board, taking into consideration compensation at the industry level. Said compensation is based on the total compensation of the General Manager but may not exceed 1.1 times that amount. Independent Directors are not eligible for our bank’s earnings distribution. Our bank may pay for liability insurance policies that cover the liabilities for damages as defined by statutes or court ruling within the scope of the business of Directors. Article 35, “If there is a profit, the Bank shall appropriate 0.5% to 3% as remuneration to the employees. The Board shall determine if stock or cash shall be released for such purpose. In addition, the Bank may allocate no more than 1.5% of the aforementioned amount as remuneration to the Directors and Supervisors. The Remuneration Committee shall propose the remuneration to Directors and Supervisors and present to the Board for resolution and to the Shareholders’ Meeting for ratification.
(2) The remuneration to the President and the Vice Presidents shall commensurate with their individual professional standing and experience with reference to industry standard subject to the review of the Remuneration Committee and the final approval of the Board. Further to the fixed monthly salaries, a performance bonus and special bonus will be released based on the overall operation performance of the year in accordance with the regulation governing rewards to the employees. For linking with possible risk in the future, the performance bonus of personnel at the level of department head or higher shall be retained in part for deferred payment pending on no involvement of misconduct in business operation and no violation of law that may cause significant loss and risk to the Bank.
26
27
IV. The Status of Corporate Governance
(I) The function of the Board
The Board called 10 (A) meetings in 2015. The attendance of directors is specified as follows:
Title Name
Actual number of attendance
(B)
Attend through proxy
Attendance rate
(B/A)(%) Remarks
Chairman Chun-Sheng Lee [Representative of Hsu Tian Investment Co., Ltd.]
10 0 100 2015.6.17 elected as Chairman in the Managing Directors Meeting.
Vice Chairman
Kuei-Fong Wang [Representative of Hsu Tian Investment Co., Ltd.]
10 0 100
Managing Director
Jer-Shyong Tsai [Representative of Hsu Tian Investment Co., Ltd.]
7 3 70
Managing Director
Chin-Yuan Lai [Representative of Hsu Tian Investment Co., Ltd.]
7 0 100
Institutional Director Hsu Tian Investment Co., Ltd. replaced Mr. Jin-Fong Soo with Mr. Chin-Yuan Lai on June 16 2015, who was elected as Managing Director on June 17 2015. Attendance for 7 instances shall be required.
Managing Director
(Independent Director)
Hsi-Rong Huang 10 0 100
Independent director
Chen-Le Liu 9 1 90
Independent director
Jin-Yi Lee 10 0 100
Director Hsin-Ching Chang [Representative of Hsu Tian Investment Co., Ltd.]
10 0 100
Director Ching-Hsin Chang [Representative of I Joung Investment Co., Ltd.]
9 0 90
Director Ming-Shan Chuang [Representative of Hsu Tian Investment Co., Ltd.]
10 0 100
Director Meng-Liang Chang [Representative of Pan Asia Chemical Corporation]
8 1 80
Director Wei-Liang Lin [Representative of Hsu Tian Investment Co., Ltd.]
10 0 100
Director Shu-Yuan Lin [Representative of Hsu Tian Investment Co., Ltd.]
10 0 100
Director Chien-Hui Huang [Representative of Ho Yang Management Consultant Co., Ltd.]
8 1 80
Director Yu-Chun Chen [Representative of Ho Yang Management Consultant Co., Ltd.]
10 0 100
27
28
Other notes: 1. The content of the particulars inscribed in Article14-III of the Securities and Exchange Act, and of the adverse opinions or qualified
opinions of the independent directors with record or declaration in writing shall be stated with the date of the Board meeting, the session, the content of the motions, the opinions of all independent directors, and the response to such opinions: none.
2. The avoidance of the conflict of interest by the Directors on related motions, specify the names of the Directors, the content of the motions, the principle of the avoidance of the conflict of interest, and the participation in casting the ballots: (1) In the 7th session of the 22nd term of the Board on 2015.3.11, the motion of “The Financing of Taichung Commercial Bank
Securities Co., Ltd. (Deputy Agent: Shu-Yuan Lin)” in discussion. Director Shu-Yuan Lin and Director Chuang Ming-shan are the Chairman and Director of Taichung Commercial Bank Securities Co., Ltd., respectively, and were excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(2) In the 8th session of the 22nd term of the Board on 2015.5.6, the motion of “Acquisition of equity stocks issued by Reliance Securities Investment Trust Co., Ltd. through the swap of shares terminated” in discussion, Vice Chairman Kuei-Fong Wang also holds the position as the Chairman of Reliance Securities Investment Trust Co., Ltd., and was excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(3) In the 9th session of the 22nd term of Board on 2015.6.17, the motion on “The replacement of the President of the Bank” in discussion, Managing Director Chun-Sheng Lee was the President and Managing Director Chin-Yuan Lai were excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(4) In the 10th session of the 22nd term of the Board on 2015.8.7, the motion on “The Financing of Taichung Commercial Bank Securities Co., Ltd. (Deputy Agent: Shu-Yuan Lin)” in discussion. Director Shu-Yuan Lin and Director Chuang Ming-shan are the Chairman and Director of Taichung Commercial Bank Securities Co., Ltd., respectively, and were excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(5) In the 13th session of the 22nd term of the Board on 2015.10.6, the motion of “Adjustment of the Remuneration to Independent Directors” in discussion. Managing Director Hsi-Rong Huang, Independent Director Jin-Yi Lee, and Independent Director Chen-Le Liu are stakeholders to the motion, and were excused from the discussion. The remainder of the Directors in session passed the motion in common consent.
(6) In the 14th session of the 22nd term of the Board on 2015.11.4, the motion of “The Split Up of Remuneration for Joint Promotion between TCB and Taichung Bank Insurance Brokers Co., Ltd. in the Sale of Insurance Products” in discussion, Vice President Kuei-Fong Wang also holds the position as the Chairman of Taichung Bank Insurance Brokers Co., Ltd., and is a stakeholder to the motion and was excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(7) In the 14th Session of the 22nd term of the Board on 2015.11.4, the motion of “the Establishment of the salary scale and payroll chart for business needs” in discussion. Chairman Chun-Sheng Lee, Vice Chairman Kuei-Fong Wang, Managing Director Hsi-Rong Huang, Managing Director and President Chin-Yuan Lai, Independent Directors Jin-Yi Lee, and Independent Director Chen-Le Liu are stakeholders to the motion and were excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(8) In the 15th session of the 22nd term of the Board on 2015.12.16, the motion of “Decommission of the Non-Business Use Office at the Beitun Files Warehouse of the Bank and the Expansion of the Business Venue for Beitun Branch and the Application for leasing the office space by Taichung Bank Insurance Brokers Co., Ltd.” in discussion. Vice Chairman Kuei-Fong Wang, who is also the Chairman of Taichung Bank Insurance Brokers Co., Ltd., is a stakeholder to the motion, and was excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(9) In the 15th session of the 22nd term of the Board on 2015.12.16, the motions of “Adjustment of the Monthly Remuneration to President Chin-Yuan Lai”, “The principle for Payment of Incentive Bonus and Operation Performance Reward to President Chin-Yuan Lai”, “Amendment to Article 27-I of the Articles of Incorporation”, “The Amendment to the Regulations Governing the Payment of Operation Performance Reward” in discussion. Chairman Chun-Sheng Lee, Vice Chairman Kuei-Fong Wang, Managing Director Jer-Shyong Tsai, Managing Director Hsi-Rong Huang, Managing Director and President Chin-Yuan Lai, Independent Director Jin-Yi Lee, and Independent Director Chen-Le Liu, are stakeholders to the motions, and were excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
(10) In the 15th session of the 22nd term of the Board on 2015.12.16, the motion of “Adjustment of the Remuneration to Vice Chairman Wang and Managing Director Tsai” in discussion. Vice Chairman Kuei-Fong Wang, Managing Director Jer-Shyong Tsai, Managing Director and President Chin-Yuan Lai, are stakeholders to the motions, and were excused from the discussion for the avoidance of the conflict of interest. The remainder of the Directors in session passed the motion in common consent.
3. The objective of fortifying the functions of the Board in current year and the most recent year (e.g., the establishment of the Auditing Committee, and enhancement of the transparency of information) and the assessment of the result of execution: The Auditing Committee was established to substitute the system of Supervisors after the regular session of the General Meeting of Shareholders in FY2014.
28
29
(II) The function of Audit Committee
The Auditing Committee convened for 9 times (A) in FY2015. The attendance of the independent directors is shown below:
Title Name Actual number of
attendance (B) Attend through
proxy
Attendance rate (%)
(B/A) Remarks
Independent director
Hsi-Rong Huang
9 0 100
Independent director
Chen-Le Liu 8 1 89
Independent director
Jin-Yi Lee 7 2 78
Other notes: 1. For issues as stated in Paragraph 5 in Article 14 of the Securities and Exchange Act not yet passed by the Auditing
Committee but passed by a two-third majority of the Board of Directors, specify the date and the series of the session, the content of the motions, the resolution of the Auditing Committee, and the response to the opinions prescribed by the Auditing Committee: None
2. The avoidance of the conflict of interest by the Independent Directors on related motions, specify the names of the Independent Directors, the content of the motions, the principle of the avoidance of the conflict of interest, and the participation in casting the ballots: None.
3. Communication between Independent Directors and internal audit officers and CPA: (1) The Chief Internal Auditor of the Bank liaises with the members of the Auditing Committee on the audit findings
regularly, and present audit reports in the quarterly meeting of the Auditing Committee. In case of special situation, report to the members of the Auditing Committee. No such event occurred in FY2015 and communication with the Chief Internal Auditor is positive.
(2) The certified public accountants commissioned as external auditors of the Bank report to the Auditing Committee on the audit opinions or results of the interim and annual financial reports on current period semi-annually and annually. Is there any materiality that worth the attention of the Bank in the audit period as compared with the previous period, such as the change in the quality of assets showing signs of impairment with objective evidence, the analysis of aging account receivables, and evaluation of financial assets? Is there any proper communication with the Auditing Committee on their review of financial statements for fair presentation?
(III) Items to be disclosed according to the Corporate Governance Best-Practice Principles for the Banking Industry
Please refer to the Bank’s website (www.tcbbank.com.tw) About Taichung Bank → Disclosure of Information → Information to be Disclosed under Laws
29
30
(IV) Status of Corporate Governance as required for banks, and any nonconformity to the Corporate Governance Best-Practice Principles for Banking Industry and reasons thereof
Items for evaluation
Implementation Status Deviation from the Corporate Governance
Best-Practice Principles for the
Banking Industry and reasons
Yes No Summary
1. Equity structure and shareholders’ equity
(1) Has the Bank instituted an internal procedure for handling recommendations, queries, disputes of the shareholders and legal actions, and comply with the procedure properly?
(2) Has the Bank kept track on the dominant shareholders of the Bank and the parties controlling these shareholders?
(3) Has the Bank established and
implemented the risk control mechanism and firewall between the corporate headquarters and the affiliates?
√ √
√
The Bank has built the hotline and email dedicated to handling the suggestions from shareholders and disputes, and published them in the Bank’s official website. The Bank shall keep track on the change in equity shares or pledge of equity shares under lien by shareholders holding more than 5% of the stakes and shareholders who are also directors of the Bank, and shall disclose the update information in “MOPS” as required. The transactions between the Bank and the subsidiaries have been conducted in accordance with applicable legal rules. As such, it is necessary to monitor, control and handle. There are also the criteria for the “monitoring and handling of subsidiaries” in place.
no difference
2. The organization of the Board and their duties
(1) Further to the establishment of the Remuneration Committee and the Auditing Committee, has the Bank voluntarily established other functional committees?
(2) Has the Bank assessed the independence of the commissioned certified public accountants regularly?
√ √
Please refer to I. Organization System; (I) Organizational Structure on page 6. The commissioned CPA will be subject to assessment on the status of independence annually. The last assessment was made pursuant to Article 38 of the “Best Practice Principles of Corporate Governance for Banking Industry” and Article 3 of the “Organization Code of the Auditing Committee” of the Bank with reference to Articles 46-48 of the “Certified Public Accountant Act” thereby items for assessment of the independence of the CPA were established. The content covers total 8 items that whether or not the CPA is affiliated with Bank directly or significantly but indirectly in financial interest, major unusual financing relation, or involvement in guarantee of financing not under normal business transactions, the rendering of auditing and non-auditing services simultaneously, and the effect on the status of independence. The findings were passed by the 22nd term of the Board in the 16th session on February 3 2016 on record, which indicated relevance with related regulations governing the independent status of the CPA.
no difference
3. Has the Bank established channels for communications with the stakeholders?
√ (1) The Bank has already disclose it on the Bank’s intranet pursuant to the Banking act and the competent authority’s requirements about limitation on the credit extended to stakeholders, and also held the seminars for laws and regulations irregularly to enable the persons-in-charge to comply with and know the laws and regulations, and request completion of the stakeholder information list immediately upon the stakeholder’s transfer. The communication channel is considered uninterrupted.
(2) The Bank not only disclosed the message on the MOPS site as required but also published it on the Bank’s official website to help investors’ search.
no difference
30
31
Items for evaluation
Implementation Status Deviation from the Corporate Governance
Best-Practice Principles for the
Banking Industry and reasons
Yes No Summary
4. Disclosures (1) Has the Bank established a website
for the disclosure of financial position, operation, and corporate governance?
(2) Has the Bank adopted other means of disclosures (e.g., the installation of a website in English language, appointment of designated persons for the gathering and disclosure of information, the proper implementation of the spokesman system, and the minutes of the institutional investor’s conference on record posted on the website)?
√ √
The company has established a website for the disclosure of its Financial Status and status of corporate governance. (1) The Bank has established the spokesman system for
release of information to ensure investors accessible to accurate information.
(2) For the proper handling of materiality and disclosure, the Bank has established the “Criteria for Handling Materiality” whereby relevant departments shall appoint designated personnel to handle materiality.
(3) At the worldwide web disclosure of institutional investors conference. There is also a website in the English language for disclosure of information on financial position and operation.
no difference
5. Any other vital information that helps to understand the status of corporate governance at the Bank (including but not limiting to the rights of employees, concern for the employees, investor relation, the rights of the stakeholders, continuing education of the directors and the supervisors, risk management policy and the implementation of risk assessment, the pursuit of customer policy, the liability insurance taken by the Bank for the protection of the Directors and Supervisors, donations to political parties, stakeholders, and social charity groups)?
√
(1) For information on the rights and privileges of the employees, refer to (I) important rights and privileges of the employees, labor-management agreement and implementation on Page 76.
(2) For the protection of rights and obligations, stakeholders are regulated on files in accordance with the Banking Act. In addition, there is also the provision for the avoidance of the conflict of interest for Board meetings.
(3) The information on the continuing education of the Directors, and their attendance to Board meetings are updated regularly and disclosed at MOPS of TWSE.
(4) For information on the pursuit of risk management policy and the standard for risk assessment, refer to VI. Risk Management Issues on Page 101.
(5) The Bank has established the “Consumer Protection Policy” for the protection of consumer rights. In case of dispute in financial consumption, proceed to the procedure for complaints of the Bank with follow-up actions.
(6) The Bank has established the “Criteria for Making Donation” to regulate the donation to political parties, stakeholders, and charity groups. For information on social charity in FY2015, refer to Page 34.
no difference
6. Has the Bank prepared the corporate governance self-assessment report, or has appointed a third party professional institution to compile the corporate governance assessment report?
√ Until the date this report was printed, the Bank has not prepared any corporate governance self-assessment report. However, the corporate governance system of the Bank has been implemented in accordance with the “Corporate Governance Best Practice Principles for Banking Industry”.
no difference
31
32
(V) Establishment, functions and operations of Remuneration committee
1. Information on the members of the Remuneration Committee
By identity
Conditions
Name
Have more than 5 years of experience and the following professional qualifications
Status of independence (Note)
Number of public
companies where the
members of the
Remuneration Committee are also the members of
the remuneration committees
of these companies
Remarks
Lecturer or above in commerce, law, finance, accounting or subjects required by the business of the bank in public or private colleges or universities
Passed the qualification examination with proper licensing by the national Government Apparatus as court judge, prosecutor, lawyers, certified public accountant or other professional designations required by the business of the Bank
Required Work experience in commerce, law, finance, accounting or others required by the Bank 1 2 3 4 5 6 7 8
Independent director (Managing Director)
Hsi-Rong Huang
0 -
Independent director Chen-Le Liu 0 -
Others Ying-Hui Wu 0 -
Note: If any of the following conditions is applicable to the members within 2 years before office and during the term of office, please put the “” sign in the appropriate box below (1) Not an employee of the Bank or its affiliates. (2) Not a director or supervisor of the Bank or its affiliates. Excluding the capacity of independent director of the Bank or its parents, or a
subsidiary directly or indirectly held by the Company with more than 50% of the stakes (3) A third party and spouse, underage children, or under the title of a third party who holds more than 1% of the outstanding shares of the Bank
or the top 10 shareholders who are natural persons. (4) Not a spouse, kin at the second pillar under the Civil Code, or the lineal blood relatives within the third pillar under the Civil Code as
specified in (1) through (3). (5) The directors, supervisors or employees of institutional shareholders indirectly holding more than 5% of the outstanding shares of the Bank,
or, the directors, supervisors, or employees of the top 5 institutional shareholders. (6) The directors and supervisors, manager or shareholders holding more than 5% of the shares of specific companies or institutions that do not
have financial or business transactions with the Bank (7) Not a professional, owner, partner, director, supervisor, manager of proprietorship, partnership, company or institution that provide business,
legal, financial and accounting services to the Company or a spouse to the aforementioned persons. (8) Not under any of the categories stated in Article 30 of the Company Act.
2. The operation of the Remuneration Committee
(1) The Remuneration Committee of the Bank is consisted of 3 members.
(2) Main duties:
Establishment with routine review on the policies, systems, criteria, and structure of performance evaluation and remuneration to the Directors, Supervisors, and the managers. Routine evaluation and establishment of the remuneration to the Directors, Supervisors, and managers.
(3) Term of office of current committee members:
July 16, 2014 to June 18, 2017. The Remuneration Committee has convened for 6 times in the most recent year (A). The qualifications of the members and their attendance to the meetings are shown below:
Title Name Actual number of
attendance (B) Attend through
proxy Attendance rate (%)
(B/A) Remarks
Convener Hsi-Rong Huang 6 0 100 2014.7.16 reelected to office
Committee Chen-Le Liu 6 0 100 2014.7.16 reelected to office
Committee Ying-Hui Wu 5 1 83.33 2014.7.16 reelected to office
Other notes: 1. Where the Board may not take or revise the advice of the Remuneration Committee, specify the date and the session of the Board, the content of the
motion, the resolution of the Board, and the response to the opinions of the Company towards the advice of the Remuneration Committee (if the resolution of the Board suggested better position of remuneration than the advice of the Remuneration Committee, specify the reasons and the variations).
2. Where members of the Remuneration Committee may have adverse opinions or qualified opinions in their resolutions on record or in written declaration, specify the date and session of the committee, the content of the motion, the opinions of all other members, and the responses to the adverse opinions.
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(VI) Corporate Social Responsibility
Items for evaluation
Implementation Status
Deviations from “Corporate Social
Responsibility Best Practice Principles
for TWSE/GTSM Listed Companies” and
reasons Yes No Summary
1. Realization of corporate governance (1) Has the Bank established the
policy or system of corporate social responsibility, and reviewed the effect of implementation?
(2) Has the Bank organized
education and training programs in corporate social responsibility?
(3) Has the Bank established a designated (part-time) body for the advocacy of corporate social responsibility headed by a senior executive at the authorization of the Board, and report to the Board on the performance of corporate social responsibility?
(4) Has the Bank established reasonable remuneration policy, and linked the performance evaluation system of employees to the corporate social responsibility policy, and has explicitly specified the policy for reward and punishment?
(1) The Bank has established the “Best Practice Principles of
Corporate Social Responsibility” for governing the Board in its obligation in the performance of corporate social responsibility under due diligence, and has reviewed the result with continued effort in the improvement of corporate social responsibility.
(2) The content of consumer protection, compliance of laws, corporate ethics, and financial corruptions has been incorporated into the curriculum for routine education.
(3) The Business Department of the Bank has been designated for administering the pursuit of “Best Practice Principles of Corporate Social Responsibility” and is responsible for the proposal of the action plans for the pursuit of corporate social responsibility policy, system or related management policies and report to the Board on the outcomes.
(4) The Bank has established reasonable remuneration policy through the institutionalization of relevant rules and regulations. In addition, the Bank has also established the system clearing specifying the punishment of employees in accordance with the work regulations and the evaluation of employees for corruption and fraud so as to bolster social stability and realize business ethics and social responsibility.
no difference
2. Fostering a Sustainable Environment (1) Has the Bank made effort to
enhance the efficient use of all resources and used regenerated materials to mitigate the impact on the environment?
(2) Has the Bank established a suitable environment management system by nature of the industry?
(3) Has the Bank paid attention to the effect of climatic change on the operation, and has conducted inspection on green house gas and mapped out the strategy for energy saving and the reduction of carbon and greenhouse gas?
(1) Continue the streamlining of operation process with the
reduced use of papers. The annual report was printed on recycled paper. Dumps are classified and recycled with the use of environmental friendly tableware and avoid the use of disposable tableware.
(2) The General Affairs Department of the Bank has been designated to administer the “Best Practice Principles of Corporate Social Responsibility” in the aspect of environmental management and is responsible for the establishment, advocacy and maintenance of related environmental management system and action plans, and facilitates the education on environment. The Bank has also established the “Particulars for the Management of Corporate Headquarters Building” and “Rules for Occupational Safety and Health”.
(3) The “Best Practice Principles of Corporate Social Governance” of the Bank is established in consideration of the influence on the ecology by the operation and aims at the reduction of energy and resource consumption, proper handling of dumps, advocacy of green purchase. In practice, the Bank seeks to use low energy consumption materials, promote digital banking service and provide education on environmental protection, and encourage the recycle and reuse of regenerated resources, advocate environmental protection and realize carbon reduction and energy saving through research, development, purchase, operation, and services. Disclosure of power consumption, fuel consumption and the emission of greenhouse gas have been made in the “Corporate Social Responsibility Report” being released.
no difference
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Items for evaluation
Implementation Status
Deviations from “Corporate Social
Responsibility Best Practice Principles
for TWSE/GTSM Listed Companies” and
reasons Yes No Summary
3. Preserving Public Welfare (1) Has the Bank established related
management policy and procedure in accordance with applicable legal rules and international conventions on human rights?
(2) Has the Bank established the mechanism and channels for the employees in filing complaints and properly responded to the complaints?
(3) Has the Bank provided a safe and health work environment for the employees, and provided education on labor safety and health regularly?
(4) Has the Bank developed the mechanism for communication with the employees at regular intervals and informed the employees of any change in the operation of the Bank that may cause significant influence on the employees through reasonable means?
(5) Has the Bank established the training program for the effective planning of career development for the employees?
(6) Has the Bank mapped out the policy for the protection of consumer rights through the R&D, procurement, operation, and service process and the procedure for handling consumer complaints?
(7) Has the Bank duly observed applicable laws and international standards in the marketing and labeling of products and services?
(8) Before the engagement with suppliers in business, has the Bank evaluated the suppliers on any record showing their impact on the environment and the society in the past?
(1) The Bank has established its “Best Practice Principles in
Corporate Social Responsibility” in accordance with the “Corporate Social Responsibility Best Practice Principles for TWSE/GTSM-listed Companies”.
(2) The Bank has opened a compliant hotline. Employees may
file their complaints through the hotline on any illegal practice, sexual harassment, or any other complaints. The Bank will respond to such complaints immediately and keep the identity of the informants in strict confidence.
(3) Please refer to (IV) Work Environment and the Safety of Employees Policy on Page 72.
(4) The Bank holds labor-management meeting quarterly to
coordinate labor-management relation and encourage labor-management cooperation. In addition, the Bank also discussed the issues of employee welfare and rights in full detail.
(5) The Bank has mapped out the annual training plan in
accordance with the development strategy and the career development roadmap of the employees, and provides exclusive training for relevant functions.
(6) The Bank has mapped out its “Consumer Protection Policy” for the protection of consumer rights, and has established the channels for customer opinions and complaints and the procedure for the settlement of disputes.
(7) Related financial products and services are offered in accordance with the regulations of the competent authority and the Bank.
(8) Check if specific supplier has a record of environmental
and social impact by nature of the content of procurement and the industry. If the supplier has a negative record, the Bank shall go for other suppliers.
no difference
(9) Are there provisions contained in major agreements binding the Bank and the suppliers specifying that if the suppliers are allegedly involved in the violation of its corporate social responsibility policy and have caused significant influence on the environment and the society, the Bank may terminate or discharge the agreements at any time?
(9) In case the Bank discovers specific contractor or contractor has negative social image in the course of procurement, the Bank shall notify the contractor to give explanation and take corrective action. If the situation is critical, terminate the purchase or proceed to return of sales depending on the content of the contracts.
4. Enhancing Information Disclosure Has the Bank disclosed relevant and reliable information on corporate social responsibility at its official website and MOPS?
The Bank has installed a website for the disclosure of information on corporate social responsibility, and has disclosed such information at MOPS as required.
no difference
5. If the bank has established corporate social responsibility principles based on “Corporate Social Responsibility Best Practice Principles for TWSE/GTSM Listed Companies”, please describe any discrepancy between the principles and their implementation: The Bank has established the “Best Practice Principles for Corporate Social Responsibility” and practiced corporate social responsibility while doing business. The business performance of the Bank is congruent with the principles.
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Items for evaluation
Implementation Status
Deviations from “Corporate Social
Responsibility Best Practice Principles
for TWSE/GTSM Listed Companies” and
reasons Yes No Summary
6. Other information critical to the understanding of our bank’s corporate social responsibility and how it is put into practice: (1) The Bank is always dedicated to taking part in social welfare activities, and sponsoring the following activities:
1. Sponsor the Taiwan Aboriginal Baseball Development Association to hold the “21st Aboriginal Cup” baseball game for the concern of the aboriginal groups and national sports development.
2. Work with “Eden Social Welfare Foundation” in the charity petty cash donation activity and install petty cash donation boxes at the business locations of the Bank’s branches.
3. Broadcast the welfare commercial for “Quit Smoking Promoted by the John Tung Foundation” in the multi-media channels at the Bank’s business units.
4. Broadcast the film for “Anti-Fraud – Kidnapping” in the multi-media channels at the Bank’s business locations. 5. To work with the Child Welfare League Foundation in the fund-raising event entitled “Heart United Makes Home Reunion”, the
Bank helps find missing children and juvenile, and establishes the link from the Bank’s site to the official site of Foundation. 6. To help the “Dajiama Society Welfare Foundation Taichung City Private Zhen Lan Children Home” to raise invoices, and set up
the invoice box at the lobby of the Bank’s Central Taiwan Branch. 7. TCB has collaborated with the Maria Social Welfare Foundation in the issuance of the “Maria Social Welfare Infinity Card” in
September 2014 thereby a fixed percentage of transactions by charging the card will go to the charity fund of the foundation. In 2015, the donation amounted to NTD 220,000. In addition, TCB also supports the “Campus Building for the Severe Retarded Children Program” so that the misfortunes could be properly cared by the society.
8. Hold the “Jasmine rally for used books for the well-being of the children of Maria” campaign to encourage its employees and customers to donate used books. Jasmine Book Store collected the books and matched an equal amount of the purchase price for donation to Maria Foundation in supporting the “Severe Physical and Mentally Impaired Children in Expanding their School Campus” campaign.
9. The Bank allocates specific percentage of the transactions by using the Mazu Safety Card to Zheng Lang Temple at Da Jia for commemoration of the blessing of Mazu. This move helps the advocacy of religious activities for contribution to the welfare of the local community.
10. Support the Little Giant Chinese Chamber Orchestra to help promotion of traditional Chinese musical arts. 11. The Bank supports the “Dance Forum Taipei” in its performance organized by Taichung State Opera House, Taichung City
Government, and Changhwa County Cultural Bureau. 12. The Bank invited the wood sculpture artist Master Huang Yang-ching to Lugang Branch for the exhibition of his masterpieces
for sharing the spirit of traditional folk arts and culture. 13. TCB has founded the “Taichung Commercial Bank Education Foundation” for sponsoring poor students in good academic
standing with grants to assist them in education or living. 14. TCB has entered into agreements with the universities and colleges in central Taiwan for the engagement in industry-academic
cooperative education to provide practical training for the students. 15. TCB supports Juexiu Temple in funding the misfortune students in tuition fees and daily expenses so that they could complete
their education. 16. Supported Taiwan Financial Services Roundtable (TFSR) to organize the “2015 Financial Services Caring for the Community”
fair in Nantou, responded to charity and advocated financial knowledge to the general public. 17. In 2015, the Bank organized 9 seminars in schools and local communities to educate the people in finance and help the students
and the public to develop a proper concept in finance and wealth management. 18. The Bank supported the Youth Development Administration and the National Universities Summer Job and Practical
Training Programs in offering 22 positions for the students in 2015 so that the schools and properly linked to banks in the education of practical work.
19. TCB organized visits to bank facilities for the pupils of Washington Primary School to give them a proper idea of wealth management and banking.
20. Encourage the personnel of the branches to participate in activities in the communities related to corporate social responsibility. They have participated in 47 events in 2015.
21. TCB has set up the TCB Triathlon Team and supported athletes Yi-Wen Wang, Yu-Yan Lee, and Pei-Yan Hsu in funding their training as strong athletes.
22. Support the Chinese Taipei Volleyball Association to hold the “2015 Volleyball Cup Asian Men’s Championship” for the advocacy of sports nationwide.
23. Participation in the “The 1st World Top 12 Baseball Tournament in 2015” in supporting baseball in Taiwan. 24. Support the Taiwan Aboriginal Baseball Development Association to hold the “22nd Aboriginal Cup” baseball game for the
concern of the aboriginal groups and national sports development. 25. Sponsor “Chen Chung-Kuang Cultural and Educational Foundation” to hold the “7th Chung Kuang Cup Youth Baseball Match”
for encouragement of baseball game. 26. Participation in the “2015 Taiwan Rice Heaven – Tianzhong Marathon” as the performance of corporate social responsibility
through participation in local events. 27. Support of the road running events organized in northern, central and southern Taiwan. With the combination of the glove
puppetry element and the road running factors, TCB helps to promote health of people. (2) The Bank has employed 17 persons who are physically or mentally disordered until the end of February 2016.
7. If the corporate social responsibility reports have received assurance from external institutions, they should state so below: The “2015 Corporate Social Responsibility Report” has been authenticated and validated by BSI but not yet released by the time this report was printed.
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(VII) The best-practice of business integrity
Items for evaluation
Implementation Status
Difference with other companies
listed in TWSE/GTSM in
best-practice principles of
business integrity
Yes No Summary
1. The policy and plan of business integrity (1) Has the Bank publicly declared its policy
and means in ethical corporate management in its internal code and external documents, and the Board and the management of the Bank has made positive effort in the commitment of its corporate policy?
(2) Has the Bank established the scheme for the prevention of unethical practices, related operation procedures, code of conduct, the punishment of unethical practices, and the system of complaints, and properly implemented the systems?
(3) Has the Bank taken relevant preventive
measures against business activities as stated in Paragraph 2 in Article 7 of the “Ethical Corporate Management Best Practice Principles for TWSE/GTSM-listed Companies” or within the scope of business entailing higher risk of unethical practices ?
(1) The Bank has made declaration at the website
and in the declaration of internal control that it shall duly observe the regulation governing internal control and internal audit system of financial holding companies and banks, and announced the issues requiring additional internal control and corrective action for improvement.
(2) The Bank has set up the stop loss point for transactions, investment, and lending by nature of the operation or different levels of risk concentration, and adjusts these standards with reference to relevant economic indicators and the business development of the Bank at regular intervals.
(3) The Bank has establishment the system of compliance officer and related training to educate employees in banking and finance in compliance with the principle of integrity and applicable laws. The Bank has instituted the criteria for external donations in compliance with applicable laws thereby regulate the recipients and amount of donations.
no difference
2. The Materialization of Business Integrity (1) Has the Bank evaluated the record on
ethical practices of its counterparties, and has specified the clause of business ethic in the agreements binding the Bank and its counterparties?
(2) Has the Bank established a designated (part-time) body for the advocacy of ethical corporate management under the Board, and this body has report to the Board of the implementation of ethical corporate management regularly?
(3) Has the Bank mapped out the policy for the avoidance of the conflict of interest and has provided suitable channels for such purpose, and properly pursued the policy?
(4) Has the Bank established effective accounting system, internal control system for purpose of ethical corporate management, and the internal audit function has conducted audit regularly, or the Bank has appointed certified public accountants to conduct internal audits?
(5) Has the Bank organized internal and external training on ethical corporate management?
(1) Has the Bank paid attention to the record of
ethical practices of contractors in procurement or tender invitation, and has signed the clauses in the agreements on the consequences of the violation of ethical practices.
(2) Relevant functional departments advocate ethical corporate management by their assigned duties. An auditing office has been established under the Board and present audit reports to the Board at regular intervals.
(3) According to the “Regulation Governing the Control of Information on the Financing of Stakeholders” of the Bank, all stakeholders are subject to control with record on file. In addition, the Bank has also established the “Regulation Governing Transactions with Stakeholders beyond Financing” to avoid the conflict of interest. Related internal code has also contained the clause of the avoidance of the conflict of interest for the realization of ethical corporate management.
(4) The Bank has established the “Auditing Office of the Board” and this office has conducted routine audits in accordance with the “Regulation Governing the Conduct of Internal Audit System” of the Bank. In addition, the Bank has established the “Accounting Department” and the “accounting system”. Deloitte Taiwan has audited the financial statements of the Bank at regular intervals.
(5) Issues within the scope of ethical corporate management, such as case study on corruption, consumer protection, and compliance, have been included as an essential part of the teaching materials for training. In addition, the Bank also sends its personnel to receive training organized by external institutions.
no difference
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Items for evaluation
Implementation Status
Difference with other companies
listed in TWSE/GTSM in
best-practice principles of
business integrity
Yes No Summary
3. The reporting system of the Bank in action (1) Has the Bank established a reporting and
reward system and the channels for facilitating the report on unethical practices, and has appointed designated personnel to handle the subject of reporting?
(2) Has the Bank established the standard operation procedure for handling report on unethical practices and keep it confidential?
(3) Has the Bank taken protection measures to protect the informant from improper treatment after reporting on unethical practices?
(1) The Bank has established the “Human
Resources Management Regulation” and “Employees Work Regulation”, and a hotline for reporting. A designated body will respond to and keep track on the reports.
(2) The Bank has established the “Regulation for
Human Resources Evaluation and the Establishment of the Evaluation Committee” and the “Regulation Governing the Complaints of Sexual Harassment and Related Punishment”, and also the review and investigation procedure, provisions for the avoidance of the conflict of interests by stakeholders, and confidentiality and no-disclosure mechanism.
(3) According to the “Regulation Governing the Complaints of Sexual Harassment and Related Punishment”, supervisors at all levels shall not discriminates against, intimidate and transfer the informants to other duties, or cause any inconvenience to the informants.
no difference
4. Enhancing Information Disclosure Has the Bank disclosed the content of ethical corporate management best practice principles and the result at its official website and MOPS?
The Bank has disclosed its Criteria for Material Information Processing, Parliamentary Procedure of the Board, and the Organization Code of the Auditing Committee in its official website and MOPS for governing the Directors, managers, and employees in their obligations of business integrity and ethics under due diligence, and run the business in good faith, the avoidance of interests by the Directors on issues of the Board where they are stakeholders, and the attentiveness of the members of the Auditing Committee in due diligence for business performance under the principle of good faith.
no difference
5. If the bank has established performance of good-faith management best practice principles based on “Ethical Corporate Management Best Practice Principles for TWSE/GTSM-Listed Companies”, please describe any discrepancy between the principles and their implementation: The Bank runs its operation in accordance with the “Ethical Corporate Management Best Practice Principles for TWSE/GTSM-Listed Companies”.
6. Other vital information that helps to understand the practice of ethical corporate management of the Bank (e.g., the review and amendment to the ethical corporate management best practice principles of the Bank): no.
(VIII) Corporate Governance Practices and the relevant regulations:
Please refer to http://mops.twse.com.tw/ corporate governance.
(IX) Other important information:
Please refer to http://mops.twse.com.tw/important information.
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(X) Status of Internal Control
1. Statement of Declaration of Internal Control System
Statement of Declaration of Internal Control System of Taichung Commercial Bank
On behalf of Taichung Commercial Bank Co ., Ltd, we hereby certify that January 1 to December 31, 2015 , the Bank has duly complied with the “Implementation Rules of Internal Audit and Internal control System of Financial Holding Companies and Banking Industries” to establish its internal control system and implementing risk management procedures. The Bank has been audited by independent auditors who submit reports to the Board of Directors and the Audit Committee on a regular basis. After prudent evaluation, except for the items listed in the attached schedule, the Bank’s each department has implemented effective internal control and compliance systems during the year to which this statement relates. This statement constitutes the summary content of Taichung Commercial Bank Annual Report of current year and the Offering Prospectus, and shall be disclosed to the public. Any misrepresentation or concealment of the aforementioned disclosures shall be liable to violation of Articles 20, 32,171 and 174 of the Securities and Exchanges Act and the legal consequences thereof.
To:
Financial Supervisory Commission
Declarant
Chairman: Chun-Sheng Lee
President: Chin-Yuan Lai
Chief Auditor: Min-Chin Shen
Chief Compliance Officer: Kai-Yu Lin
Date: March 9, 2016
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Improvement and Corrective Action of Internal Control System of Taichung Commercial Bank
(Record Date: December 31, 2015)
Improvement Corrective Action
Scheduled to Complete
Corrective Action on
1. In declaring the processing of transactions involving large amount of currency, TCB has not settled the account on due time or the teller failed to pay attention to the registration in the computer systems on some transactions that required for declaration. There are 7 counts of transactions in large sums of currency that required declaration but no declaration has ever been made.
1. Declaration on the missing cases has been made on 2015.5.19.
2. The Bank has already rectified its policy by 2015.5.26 for regulating declaration of transactions in large sum of currency: (1) Adjustment has been made in batch processing
of NTD in postponement of the time for file merge.
(2) Addition of the function of direct transmission of foreign currencies in batch processing for the direct uploading of transaction in large amount of foreign currencies to the transaction declaration system for checking the transactions requiring for declaration in NTD and foreign currencies by the system.
(3) Functions including the date and number of transactions for large sum currency transactions were included in the declaration system to avoid missing declaration.
3. On 2015.8.17, account title “2179 Other payables” has been included in the system whereby particular transaction at the amount required for declaration will be assigned a code for large sum transaction by the system. Banking units shall declare on every count of large sum currency transaction to avoid missing.
Corrective action was performed and completed on August 17, 2015.
2. In the motion of the purchase of lands for the construction of the corporate headquarters building, the Board failed to request the management to give explanation on the needs proposed by the functional departments, which are not relevant with the actual situation of the corporate headquarters. The summary of the opinions expressed by the Directors has not been properly noted in full detail as minutes of meeting on record. The adverse opinions of the Directors with written declaration have not been forwarded to the Auditing Committee and not disclosed in MOPS. The assessment on the actual needs of the procurement of the corporate headquarters building must be performed with caution with the opinions expressed by the Directors tracked in full detail as minutes of meeting on record. The adverse opinions of the Directors shall be brought to the attention of the Auditing Committee and disclosed at MOPS.
1. The Bank had conducted assessment on the actual needs of the space for the corporate headquarters building, including the number of persons in accommodation, the residence of the employees, the guest rooms, arts and cultural exhibition space, computer machine room and alternate site for business recovery, and has explained the variation from the original plan of space in the building with possible remedial action or measures proposed.
2. The Parliamentary Procedure has required the summary of the opinions expressed by the Directors in the session of the Board be tracked as minutes of meeting on record, and should be appropriate. The Bank will pay attention to the pursuit of Article 17 of the Parliamentary Procedure of the Bank in tracking the opinions expressed by the Directors as minutes of meeting on record in full detail to avoid the aforementioned incidents. Directors are also advised to present the summary of their opinions to the Board for confirmation.
3. The Bank has forwarded the information on adverse opinions of the Directors to the Auditing Committee and disclosed such information on MOPS on 2016.1.15.
Corrective action was performed and completed on February 22, 2016.
2. Disclose the audit report by independent external auditors with a special audit on internal control system: None
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(XI) Penalty to the Bank due to violation of applicable laws, the major shortcomings and the status of corrective action in the last 2 years to the date this report was printed.
Item Case Status of corrective action
Processing officer or staff charged by public prosecutors on professional misconducts
Clerk ○○ Yan placed client’s passbook in his/her custody and handled deposit related business on behalf of the client and misappropriated the client’s deposit. The investigation conducted by the Public Prosecutor Office of Taichung District Court of Taiwan has been concluded. The allegation of the breach of trust by the Banking Act has been prosecuted and a verdict was reached by Taichung District Court in August 2015 with sentence of prison term of 4 years and 6 months.
The Bank has discussed the relevant operating requirements and taken the various corrective actions against the internal control, and also continue urging the various units that they shall fulfill the internal contract strictly, enhance the internal management, complete the compliance training program, and enhance the appraisal on the clerks’ compliance of law and ethics.
Fined by Financial Supervisory Commission for violation of laws and regulations
None None
Disciplined by FSC under Article 61-I of the Banking Act
None None
Casualty or accident due to corruption, major incident or failure to comply with the safety measures, which caused damage exceeding NTD 50 million in a particular incident or in particular fiscal year
None None
Other matters requiring disclosure commanded by FSC
None None
(XII) Major decision of the Shareholders’ Meeting and the Board in the most recent year to the date this report was printed.
1. Major resolutions of the regular session of the Shareholders’ Meeting in 2015 (2015.6.2) and the status of pursuit.
Cause of motion The implementation of the resolutions
The proposal of the 2014 Business Report and financial statements
Ratified by the General Meeting of Shareholders for the 2014 Business Report and financial statements
The 2014 proposed profit distribution.
The Shareholders’ Meeting has approved the proposal for distribution of earnings in 2014 (capitalization of retained earnings into new shares, employee bonus and remuneration to directors) and has been successfully accomplished on October 7 2015.
The issuance of new shares for capitalization for earnings in 2014.
Passed by the General Meeting of Shareholders and approved by Financial Supervisory Commission on July 31, 2015 under Letter Chin-Kuan-Cheng-Fa Zi No. 1040028119, and made change in the registration under Ministry of Economic Affairs Letter Ching-Shou-Shang-Zi No. 10401195900 dated September 17, 2015. The shares were issued and offered in the exchange on October 7, 2015.
Amendments to Company Corporate Charter (Articles of Incorporation)
Approved by Ministry of Economic Affairs under Letter Ching-Shou-Shang-Zi No. 10401117890 dated June 17 2015.
2. Important resolutions of the Board sessions
(1) 6th Board session of 22nd term of the Board on January 28, 2015, in entering the “Bond Trade Clearing Agency Service Agreement” with China Construction Bank in bond market trade among banks.
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(2) 7th Board session of 22nd term of the Board on March 11, 2015
A. Ratify the motion for capital increase by recapitalization of earnings in 2015.
B. Ratify the date, location and cause of the general shareholders’ meeting 2015.
C. The proposal for the distribution of earnings in 2014 has been resolved in favor of the motion.
D. The motion for replacement of chief financial officer has been resolved in favor of the motion.
(3) 9th Board session of 22nd term of the Board on June 17, 2015
A. The motion for the appointment of the General Manager of the Bank has been resolved in favor of the motion.
B. The motion for the issuance of new common shares for raising capital in Taiwan has been resolved in favor of the motion.
(4) The 10th session of the 22nd term of the Board on 2015.8.7 resolved to set the ex-dividend and ex-right day for dividend payment in 2014.
(5) The 12th session of the 22nd term of the Board on 2015.9.23 resolved to set the conditions for raising capital by issuing new shares for FY2015 and the subscription day.
(6) The 13th session of the 22nd term of the Board on 2015.10.6 resolved to set the offering price of new shares for raising capital in FY 2015.
(XIII) Adverse opinion from directors over important resolution of the Board in the most recent year until the day the Annual Report was printed with records and written declaration, and the contents of such opinion: None.
(XIV) In the most recent year to the date this report was printed, the information on the resignation and discharge of parties related to financial reporting (including the Directors, Chairman, President, chief financial officer, chief accountant, chief internal auditor, and chief of R&D):
Title Name Election Date Termination Date Cause of Resignation
or Termination
Chairman Jin-Fong Soo April 1, 2011 June 16, 2015 Discharge and
retirement
President Chun-Sheng Lee October 12, 2010 June 17, 2015 Elected as the
Chairman of the Bank
Chief financial officer
Kuang-Chung Hsiao June 27, 2012 March 13, 2015 Adjustment of duties
V. Disclosure of the accountant’s fee:
Firm Name CPA Name Duration of Audit Remarks
Deloitte & Touche Min-Shen Yang Kuan-Chung Lai 2015 Q1 In response to the
internal job rotation of the accounting
firm Wen-Ya Hsu Kuan-Chung Lai From 2015 Q2
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Fee items Fee levels
Auditing fee Non-Auditing
fee Total
1 Less than 2 million 2 2 (inclusive)~ 4 million 3 4 thousand (inclusive) ~6 million 4 6 thousand (inclusive)~ 8 million 5 8 thousand (inclusive) ~10 million 6 10 million above
(I) When non-audit fee paid to the auditing CPA, the CPA’s firm, and its related business entity exceeds one fourth of the audit fee, the amount of audit and non-audit fees and the content of the non-audit service should be disclosed.
Unit: NTD thousand
Firm Name
CPA Name Auditing
fee
Non-Auditing fee The duration
of the audit
Remarks System design
Corporate Registration
Human Resources
Others Subtotal
Deloitte & Touche
Min-Shen Yang Kuan-Chung Lai
4,300 - - - 3,063 7,363 2015 -
Wen-Ya Hsu Kuan-Chung Lai
Note: the non-auditing fee contained the personal information management system installation service rendered by Deloitte Taiwan at the amount of NTD 888 thousand, and information security management system version update service amounted to NTD 880 thousand. The remainder of the fee amounting to NTD 1.295 million was spent for the information security management system service, consulting fee for compliance in tax collection of foreign accounts, and the accounting fee for the capitalization of retained earnings into new shares in FY 2014.
(II) Change of Accounting firm and the auditing fee of the year changing the Accounting firm less than that of the previous year: None.
(III) Auditing fee were 15% less than that of the previous year: None.
VI. Changes of Accountants: The replacement of accountant in the last two years was due to the internal rotation of the CPA Firm.
VII. The chairman, president, chief financial or accounting manager of the Bank who holds position in the business under the commissioned CPA firm or its affiliates: None.
VIII. In the most recent year to the date this report was printed, Directors, managers, and the parties stated in Article 11 of the Regulations Governing the Percentage of Holding of Voting Shares Issued by Particular Bank by Particular Person or Particular Related Party that required the declaration of the holding of equity shares in the transfer of shares or pledge of shares under lien, and any change thereof.
(I) Changes in shareholdings:
Title Name
2015 Until Feb. 29, 2016
Increase (decrease) in No.
of Shares
Increase (decrease) in
No. of Pledged
Shares
Increase (decrease) in No. of Shares
Increase (decrease) in
No. of Pledged
Shares Managing Director Hsu Tian Investment Co., Ltd. 20,118,655 0 0 0 Director Pan Asia Chemical Corporation 17,284,557 0 0 0 Director I Joung Investment Co., Ltd. 1,083,709 0 0 0 Director Ho Yang Management Consultant Co., Ltd. 101,717 0 0 0 Independent director Chen-Le Liu 0 0 0 0 Independent Managing Director
Hsi-Rong Huang 0 0 0 0
Independent director Jin-Yi Lee 0 0 0 0
42
43
Title Name
2015 Until Feb. 29, 2016
Increase (decrease) in No.
of Shares
Increase (decrease) in
No. of Pledged
Shares
Increase (decrease) in No. of Shares
Increase (decrease) in
No. of Pledged
Shares President Chin-Yuan Lai 666,725 0 0 0 Senior Vice President Ching-Tai Huang 78,550 0 0 0 Senior Vice President Hsueh-Hsuan Liao 100,924 0 0 0 Senior Vice President Deh-Wei Chia 92,518 0 0 0 Executive Vice President Chi-Chuan Fang 100,620 0 0 0 Chief Compliance Officer Kai-Yu Lin 35,327 0 0 0 Chief Auditor Min-Chin Shen 87,023 0 0 0 Chief Secretary, Office of the Board
Chi-Chuan Fang (concurrent post) 100,620 0 0 0
Assistant VP, General Affairs Dept.
Ching-hu Hsieh 60,423 0 0 0
Assistant VP, Business Dept.
Chun-Ying Wang 103,781 0 0 0
Assistant VP, Loan Administration Dept.
Yi-Yuan Tung 51,983 0 0 0
Assistant VP, HR Dept. Chung-Ping Yang 28,730 0 0 0 Assistant VP, Accounting Dept.
Yi-Ying Chung 29,809 0 0 0
Assistant VP, Information Dept.
Chun-Sheng Lin 123,389 0 0 0
Assistant VP, International Banking Dept.
Ya-Mei Chen 23,790 0 0 0
Assistant VP, Trust Dept. Yu-Chung Lin (4,601) 0 0 0 Assistant VP, Dept of Debt Collection and Asset Recovery
Mei-Li Wu 29,296 0 0 0
Assistant VP, Consumer Banking Department
Ching-Tai Huang (concurrent post) 78,550 0 0 0
Assistant VP of Treasury Marketing Department
Po-Mao Huang 33,200 0 0 0
Assistant VP, Corporate Finance Dept.
Kuo-Chi Lin 66,098 0 0 0
Assistant VP, Legal & Compliance Department
Tsung-Yi Liu 34,513 0 0 0
Assistant VP, Risk Management Dept.
Kuang-Chung Hsiao 48,942 0 0 0
Assistant VP, Treasury Dept.
Chen-Ying Wu 46,668 0 0 0
Assistant VP, Wealth Management Dept.
Hsien-Chih Liu 23,200 0 0 0
Asst. Executive Vice Presidents, Overseas Banking Branch
Chih-Hung Lu 23,442 0 0 0
Assistant VP, Business Dept.
Ching-wen Shih (acting) 22,180 0 0 0
Senior Manager, W. Taichung Branch
Hung-Ching Chu 17,840 0 0 0
Senior Manager, Zhong Zheng Branch
Chien-Min Chou 45,402 0 0 0
Senior Manager, Xitun Branch
Li-Chu Chen 17,840 0 0 0
Senior Manager, Nantun Branch
Wei-Tsang Hung (acting) 17,000 0 0 0
Senior Manager, Neixin Branch
Ching-Tang Tsai 23,670 0 0 0
Assistant VP, Dadu Branch
Zai-Hong Yang 38,629 0 0 0
Senior Manager, N. Taiping Branch
Chung-Rong Lin 24,599 0 0 0
Assistant VP, Taichungkang Branch
Kuo-Chin Chi 39,282 0 0 0
43
44
Title Name
2015 Until Feb. 29, 2016
Increase (decrease) in No.
of Shares
Increase (decrease) in
No. of Pledged
Shares
Increase (decrease) in No. of Shares
Increase (decrease) in
No. of Pledged
Shares Senior Manager, Simin Branch
Ching-Yuan Lin 23,925 0 (27,000) 0
Senior Manager, Junkong Branch
Yi-Pin Lin 34,091 0 0 0
Assistant VP, S. Taichung Branch
Wen-Hsin Chiu 29,740 0 0 0
Manager, N. Taichung Branch
Yu-Ying Chen 25,522 0 0 0
Senior Manager, Houli Branch
Hsin-Ru Kao 47,933 0 0 0
Senior Manager, Daya Branch
Pao-Yuan Chen 39,160 0 0 0
Senior Manager, Tanzi Branch
Hui-Chin Lu 24,421 0 0 0
Senior Manager, Shengang Branch
Ming-Ren Hsu (19,710) 0 0 0
Assistant VP, Fongyuan Branch
Chiung-Teng Hung 43,756 0 0 0
Assistant VP, Dajia Branch
Ming-Yu Chiu 24,181 0 0 0
Assistant VP, Qingshui Branch
Chiung-Wen Chang 24,421 0 0 0
Assistant VP, Shalu Branch
Tung-Po Yang 37,686 0 0 0
Assistant VP, Wufong Branch
Chao-Chi Tseng 23,823 0 0 0
Senior Manager, Dongshi Branch
Chang-Chi Liu 40,044 0 0 0
Assistant VP, E. Fongyuan Branch
Te-Chuan Wang 17,840 0 0 0
Assistant VP, Wuri Branch Chun-Chun Yu 14,356 0 0 0 Assistant VP, S. Fongyuan Branch
Yung-Chang Lai 32,005 0 0 0
Senior Manager, Nanyang Branch
Pi-Hua Chang 24,809 0 0 0
Senior Manager, Nantou Branch
Cheng-Hsien Ni 23,343 0 0 0
Senior Manager, Zhushan Branch
Shin-Hsiung Huang 23,770 0 0 0
Assistant VP, Puli Branch Ching-Kun Lin 53,787 0 0 0 Manager, Caotun Branch Hsiang-Lieh Huang 37,307 0 0 0 Manager, Changhua Branch
Shih-Chi Chang 17,840 0 0 0
Assistant VP, Lukang Branch
Shu-Chen Chen 64,302 0 0 0
Assistant VP, Xihu Branch Jui-Cheng Yang 77,011 0 0 0 Assistant VP, Erlin Branch Yu-Chen Yang 25,965 0 0 0 Assistant VP, Peitou Branch
Hsin-Hsin Lee 35,854 0 0 0
Senior Manager, Tianzhong Branch
Cheng-Yu Lai 25,783 0 0 0
Senior Manager, Yuanlin Branch
Shih-Yi Hsiao 17,840 0 0 0
Assistant VP, Homei Branch
Chih-Hao Liang 24,371 0 0 0
Manager, Shetou Branch Yung-Sung Chien 25,720 0 0 0 Assistant VP, Huatan Branch
Chih-Hua Yao 53,538 0 0 0
Senior Manager, Yongjing Branch
Chao-Chi Chang 36,377 0 0 0
Assistant VP, Xiushui Branch
Wei-Huang You 23,550 0 0 0
44
45
Title Name
2015 Until Feb. 29, 2016
Increase (decrease) in No.
of Shares
Increase (decrease) in
No. of Pledged
Shares
Increase (decrease) in No. of Shares
Increase (decrease) in
No. of Pledged
Shares Senior Manager, Shenkang Branch
Ming-Cheng Wu 34,830 0 0 0
Manager, Dazhu Branch Chia-Wei Tsai 28,968 0 0 0 Manager, N. Yuanlin Branch
Chun-Min Huang 23,152 0 0 0
Senior Manager, Peitou Branch
Shih-Huei Wang 27,409 0 0 0
Assistant VP, Peitun Branch
Chih-Hung Wu 24,651 0 0 0
Manager, Puxin Branch Kuang-Chih Chen 31,830 0 0 0 Assistant VP, Taipei Branch
Yu-Hsien Shen 19,840 0 0 0
Senior Manager, Lungjing Branch
Hui-Chen Chao 31,422 0 0 0
Assistant VP, Songshan Branch
Yung-Chiang Yu 0 0 0 0
Senior Manager, Sanzhong Branch
Kuo-Liang Ho 38,142 0 0 0
Senior Manager, Kaohsiung Branch
Wen-Kai Tsai 24,911 0 0 0
Senior Manager, Linko Branch
Yin-Ta Tsai 24,268 0 0 0
Manager, Huwei Branch Chien-Hao Chen 24,871 0 0 0 Manager, Yuanli Branch Liu Chin-Shan 24,270 0 0 0 Senior Manager, Zhunan Branch
Yu-Jui Liu 23,180 0 0 0
Manager, Dounan Branch Chen-Hsiang Chuang 26,772 0 0 0 Assistant VP, Neihu Branch
Jui-Chang Lee 34,542 0 0 0
Assistant VP, Ban Chiao Branch
Liang-Wen Chiang 19,840 0 0 0
Assistant VP, Feng Shan Branch
Chiang-Kai Liu 34,073 0 0 0
Senior Manager, Xinzhuang Branch
Shu-Lan Huang 30,576 0 0 0
Manager, Min Hsiung Branch
Yi-Cheng Liao 24,538 0 0 0
Assistant VP, Taoyuan Branch
Cheng-Ming Yang 17,840 0 0 0
Senior Manager, Yongkang Branch
Tsung-Hsien Lee 25,113 0 0 0
Senior Manager, Chu Pei Branch
Cheng-Huan Huang 38,304 0 0 0
Assistant VP, Nan Kang Branch
Hsin-Fa Wang 22,018 0 0 0
Senior Manager, Neili Branch
Hua-Hsing Wen 48,086 0 0 0
Assistant VP, Hsinchu Branch
Chao-Ching Wu 23,200 0 0 0
Manager, Kueishan Branch
Yu-Hui Tseng 22,280 0 0 0
Senior Manager, Jhongli Branch
Pei-Miao Jan 41,375 0 0 0
Senior Manager, Hsin Feng Branch
Chien-Hung Lin 23,323 0 0 0
Senior Manager, Tayuan Branch
Ting-Kuang Huang 22,606 0 0 0
Senior Manager, Yangmei Branch
Jr-Hsin Lee 34,235 0 0 0
Manager, Tucheng Branch Chun-wen Chen 22,946 0 0 0 Manager, Fuxing Branch Tien-Hou Tsai 35,663 0 0 0
45
46
Title Name
2015 Until Feb. 29, 2016
Increase (decrease) in No.
of Shares
Increase (decrease) in
No. of Pledged
Shares
Increase (decrease) in No. of Shares
Increase (decrease) in
No. of Pledged
Shares Manager, Zhongshan Branch
Chi-Jen Chang 0 0 0 0
Manager, Taitung Branch Chien-Min Feng 21,130 0 0 0 Assistant VP, Changhua Regional Center
Cheng-Wen Ni 31,629 0 0 0
Assistant VP, North Regional Center
Rung-Kuo Cheng 43,419 0 0 0
Shareholders holding more than 5%
Chen-Hai Lin ( 7,825,313) 0 0 0
The same related party to the shareholder holding more than 5%
Ho Yang Management Consultant Co., Ltd. 101,717 0 0 0
Shareholders holding more than 10%
China Man-Made Fiber Co., Ltd. 105,865,453 64,000,000 0 0
The same related party to the shareholder holding more than 10%
Kuei-Fong Wang 65,718 0 0 0
The same related party to the shareholder holding more than 10%
Chou Chang Co., Ltd. 1,033,212 0 0 0
The same related party to the shareholder holding more than 10%
Pan Asia Chemical Corporation 17,284,557 0 0 0
The same related party to the shareholder holding more than 10%
Deh Hsing Investment Co., Ltd. 923,218 0 0 4,500,000
The same related party to the shareholder holding more than 10%
Formosawine Vintners Corporation 204,476 0 0 0
The same related party to the shareholder holding more than 10%
Hsu Tian Investment Co., Ltd. 20,118,655 0 0 0
The same related party to the shareholder holding more than 10%
Bang Yu Investment Co., Ltd. 682,024 0 0 0
The same related party to the shareholder holding more than 10%
Chou Chin Industrial Co., Ltd. 5,517,264 0 0 0
(II) Information of shares ownership transfer: Not applicable, because the counterparts of said shares ownership transfer are not stakeholders.
(III) Information of shares ownership pledge: Not applicable, because the counterparts of said shares ownership pledge are not stakeholders.
46
47
IX.
Info
rmat
ion
on s
hare
hold
ers
amon
g th
e to
p 10
by
prop
orti
on o
f sh
areh
oldi
ng w
ho a
re s
take
hold
ers
to o
ne a
noth
er o
r sp
ouse
, ki
ndre
d w
ithi
n th
e 2nd
tier
und
er th
e C
ivil
Cod
e
Feb
ruar
y 29
, 201
6
Nam
e O
wn
shar
ehol
ding
s S
hare
s H
eld
by S
pous
e &
Dep
ende
nts
Sha
reho
ldin
gs u
nder
the
titl
e of
a th
ird
part
y
If th
ere
are
rela
ted
part
ies,
spo
uses
, kin
dred
wit
hin
the
2nd
tier
un
der
the
Civ
il C
ode
amon
g th
e to
p 10
sha
reho
lder
s, g
ive
the
nam
es a
nd a
ffil
iati
ons
of s
uch
shar
ehol
ders
R
emar
ks
Qua
ntit
y R
atio
of
Sha
reho
ldin
g Q
uant
ity
Rat
io o
f S
hare
hold
ing
Qua
ntit
y R
atio
of
Sha
reho
ldin
g N
ame
Rel
atio
n
Chi
na M
an-M
ade
Fibe
r C
o., L
td.
710,
859,
467
22.3
3%
0 0
0 0
Pan
Asi
a C
hem
ical
Cor
pora
tion
B
roth
er o
f th
e C
hair
man
of
Boa
rd o
f it
s pa
rent
s
Chi
na M
an-M
ade
Fibe
r C
o., L
td.
Res
pons
ible
per
son:
Kue
i-H
sien
Wan
g 0
0 0
0 0
0 P
an A
sia
Che
mic
al C
orpo
rati
on
Res
pons
ible
per
son:
Kue
i-F
ong
Wan
g B
roth
ers
Che
n-H
ai L
in
266,
220,
428
8.36
%
0 0
0 0
Non
e N
one
Pan
Asi
a C
hem
ical
Cor
pora
tion
18
4,36
1,30
7 5.
79%
0
0 0
0 C
hina
Man
-Mad
e Fi
ber
Co.
, Ltd
. B
roth
er o
f th
e C
hair
man
of
Boa
rd o
f it
s su
bsid
iary
Pan
Asi
a C
hem
ical
Cor
pora
tion
R
espo
nsib
le p
erso
n: K
uei-
Fon
g W
ang
359,
718
0.01
%
0 0
0 0
Chi
na M
an-M
ade
Fibe
r C
o., L
td.
Res
pons
ible
per
son:
Kue
i-H
sien
W
ang
Hsu
Tia
n In
vest
men
t Co.
, Ltd
.
Res
pons
ible
Per
son:
Chi
a-C
hun
Chi
ang
Bro
ther
s
Spo
uses
Far
Glo
ry L
ife
Insu
ranc
e C
orpo
rati
on L
td.
148,
344,
340
4.66
%
0 0
0 0
Non
e N
one
Fa
r G
lory
Lif
e In
sura
nce
Cor
pora
tion
Ltd
. R
espo
nsib
le P
erso
n: C
hi-H
ua T
ung
0 0
0 0
0 0
Non
e N
one
Lin
Yua
n In
vest
men
t Co.
, Ltd
. 10
4,67
0,96
9 3.
29%
0
0 0
0 W
an B
au D
evel
opm
ent
Co.
, Ltd
. T
he s
ame
as c
hair
man
Lin
Yua
n In
vest
men
t Co.
, Ltd
. R
espo
nsib
le p
erso
n: O
ng-C
huan
Lin
0
0 0
0 0
0 N
one
Non
e
Wan
Bau
Dev
elop
men
t Co.
, Ltd
. 49
,685
,732
1.
56%
0
0 0
0 L
in Y
uan
Inve
stm
ent C
o., L
td.
The
sam
e as
cha
irm
an
W
an B
au D
evel
opm
ent C
o., L
td.
Res
pons
ible
per
son:
Ong
-Chu
an L
in
0 0
0 0
0 0
Non
e N
one
Hsu
Tia
n In
vest
men
t Co.
, Ltd
.
42,0
05,2
17
1.32
%
0 0
0 0
Non
e N
one
Hsu
Tia
n In
vest
men
t Co.
, Ltd
.
Res
pons
ible
Per
son:
Chi
a-C
hun
Chi
ang
0 0
0 0
0 0
Pan
Asi
a C
hem
ical
Cor
pora
tion
R
espo
nsib
le p
erso
n: K
uei-
Fon
g W
ang
Spo
uses
Taiw
an F
ire
& M
arin
e In
sura
nce
Co.
, Ltd
. 36
,802
,962
1.
16%
0
0 0
0 N
one
Non
e
Taiw
an F
ire
& M
arin
e In
sura
nce
Co.
, Ltd
. R
espo
nsib
le p
erso
n: T
ai-H
ung
Lee
3,
020,
111
0.09
%
0 0
0 0
Non
e N
one
Spe
cial
Acc
ount
for
Inv
estm
ent o
f th
e C
entr
al
Ban
k of
Nor
way
in c
usto
dy o
f C
itib
ank(
Tai
wan
) 35
,496
,907
1.
11%
0
0 0
0 N
one
Non
e
Net
herl
ands
Pen
sion
Rob
ert B
acal
Inv
estm
ent
Acc
ount
at C
itib
ank
31,3
51,8
62
0.98
%
0 0
0 0
Non
e N
one
47
48
X. Quantity of shareholdings of the same investee by the Bank and directors, presidents, Executive Vice Presidents, Asst. Executive Vice Presidents, supervisors of the various departments and branches, and direct or indirect subsidiaries in proportion to the combined holdings.
Proportion of overall shareholding
December 31, 2015
Unit: share; %
Investee
(Note)
Investment made by the Bank
Investment made by directors, presidents, executive vice presidents, assistant VPs,
supervisors of branches, and direct or indirect subsidiaries
Combined investment
Quantity Ratio of
Shareholding Quantity
Ratio of Shareholding
Quantity Ratio of
Shareholding
Taichung Bank Insurance Brokers Co., Ltd.
50,000,000 100.00 - - 50,000,000 100.00
Reliance Securities Investment Trust Co., Ltd.
12,000,000 38.46 979,200 3.14 12,979,200 41.60
Taichung Bank Leasing Co., Ltd.
185,000,000 100.00 - - 185,000,000 100.00
Taichung Commercial Bank Securities Co., Ltd.
150,000,000 100.00 - - 150,000,000 100.00
Note: Investment made pursuant to Article 74 of the Banking Act.
48
49
Four. Status of Capital Planning
I. Shares and Dividends
(I) Sources of shares and dividends
Year and month
Issuing price
Authorized shares capital Paid-in shares capital Remarks
Quantity of Stock (Shares)
Amount (NTD) Quantity of Stock
(Shares) Amount (NTD)
Sources of shares and dividends
Others
September 2015
10 4,320,000,000 43,200,000,000 3,034,002,713 30,340,027,130 Recapitalization
of earnings None
December 2015
10 4,320,000,000 43,200,000,000 3,184,002,713 31,840,027,130 Issuance of
common stock for cash
None
Note: The Shareholders’ Meeting passed the capitalization of retained earnings amounting to NTD 1,824,964,040 into 182,496,404 new shares at NTD 10/share in the session on June 2, 2015 at the approval of FSC under Letter Chin-Kuan-Cheng-Fa-Zi No. 1040028119 dated July 31, 2015. The Board passed the motion of raising capital amounting to NTD 1,500,000,000 by issuing 150,000,000 new shares at NTD 10/share on June 17, 2015 and approved by FSC in Letter Chin-Kuan-Cheng-Fa-Zi No. 1040033134 dated September 1, 2015.
Stock Type
Authorized shares capital
Remarks
Outstanding shares Unissued Shares Total
Registered common shares
3,184,002,713 1,135,997,287 4,320,000,000 Listed
(II) Composition of Shareholders
February 29, 2016
Composition of Shareholders
Amount
Government Apparatus
Financial Institution
Other Juridical Individual Foreign
Institution and Foreigner
Total
No. of Person 3 2 214 87,835 179 88,233
Shares 31 185,147,302 1,285,922,317 1,459,144,365 253,788,698 3,184,002,713
Ratio of Shareholding (%)
0.00 5.81 40.39 45.83 7.97 100
49
50
(III) Diversification of Shareholdings
NTD 10/share
February 29, 2016
Range of Shares No. of Shareholders Shares Ratio of
Shareholding (%)
1 to 999 35,153 8,268,443 0.26
1,000 to 5,000 27,018 61,733,506 1.94
5,001 to 10,000 9,346 64,935,642 2.04
10,001 to 15,000 5,208 63,182,301 1.98
15,001 to 20,000 2,293 39,380,233 1.24
20,001 to 30,000 2,877 69,481,069 2.18
30,001 to 50,000 2,272 87,217,487 2.74
50,001 to 100,000 1,920 130,255,136 4.09
100,001 to 200,000 1,087 146,862,299 4.61
200,001 to 400,000 567 155,253,129 4.88
400,001 to 600,000 158 76,524,153 2.40
600,001 to 800,000 87 61,000,362 1.92
800,001 to 1,000,000 45 40,227,161 1.26
1,000,001 to 1,200,000 46 50,168,535 1.58
1,200,001 to 1,400,000 25 32,278,712 1.01
1,400,001 to 1,600,000 15 22,264,141 0.70
1,600,001 to 1,800,000 19 32,259,159 1.01
1,800,001 to 2,000,000 8 15,105,027 0.47
2,000,001 and above 89 2,027,606,218 63.68
Total 88,233 3,184,002,713 100.00
50
51
(IV) Name of Principle shareholder
February 29, 2016
Stock
Name of Principle shareholder Shares
Ratio of Shareholding
China Man-Made Fiber Co., Ltd. 710,859,467 22.33%
Chen-Hai Lin 266,220,428 8.36%
Pan Asia Chemical Corporation 184,361,307 5.79%
Far Glory Life Insurance Corporation Ltd. 148,344,340 4.66%
Lin Yuan Investment Co., Ltd. 104,670,969 3.29%
Wan Bau Development Co., Ltd. 49,685,732 1.56%
Hsu Tian Investment Co., Ltd. 42,005,217 1.32%
Taiwan Fire & Marine Insurance Co., Ltd. 36,802,962 1.16%
Special Account for Investment of the Central Bank of Norway in custody of Citibank(Taiwan)
35,496,907 1.11%
Netherlands Pension Robert Bacal Investment Account at Citibank
31,351,862 0.98%
(V) Information on market price, net value, earnings and dividends per share in the most recent 2 years
Unit: NTD; Thousand shares, %
Year Item
2014 2015 Until Feb. 29, 2016
Market Price per share
The Highest 11.10 11.15 9.38
The Lowest 9.99 8.88 8.73
Average 10.52 10.32 9.01
Net Value per share
Before Distribution 12.54 12.55 12.75
After Distribution 11.55 - -
Earnings per share
Weighted average shares 2,815,153 3,047,153 3,184,003
EPS (before adjustment) 1.33 1.14 0.17
EPS (after adjustment) 1.25 - -
Dividend per share
Cash Dividends 0.25 - -
Free-Gratis Dividends
Retained Shares Distribution
0.64 - -
Capital Reserve Shares Distribution
- - -
Retained Dividends - - -
Return on investment Analysis
P/E ratio (before the distribution) 7.88 8.97 -
P/E ratio (after the distribution) 8.38 - -
Dividend Yield 42 - -
Cash Dividend Yields 2.39 - -
51
52
(VI) Dividend Policy and the Status of Implementation
1. Dividend policy in the Bank’s Articles of Incorporation: Refer to Note 29 to the consolidated financial statements, under the title of Shareholder’ Equity (III) Distribution of earnings and dividend policy.
2. The proposal of the distribution of earnings in current session of the General Meeting of Shareholders:
Refer to Note 29 to the consolidated financial statements, under the title of Shareholder’ Equity (III) Distribution of earnings and dividend policy.
(VII) The effect of stock dividend proposed to the General Meeting of the Shareholders on the operation performance of the Bank and the earnings per share:
The Bank did not disclose its financial projection for FY2016, and it is not applicable here.
(VIII) Remuneration to employees and directors: (pay attention to amendment to the law)
1. Ratio of Shareholding or scope of Remuneration to employee, and directors as stated in the Bank’s Articles of Incorporation:
Refer to Note 29 to the consolidated financial statements, under the title of Shareholder’ Equity (III) Distribution of earnings and dividend policy.
2. The basis for the estimation of the amount for the remuneration to employees and directors, and the basis for the quantity of shares as remuneration to employees, and the accounting of the difference between the estimation and the actual amount of remuneration, if applicable:
The estimation of remuneration to employees and directors in current period is based on the estimated amount for release in accordance with the Articles of Incorporation of the Bank and based on the earnings before taxation without the estimation of remuneration to the employees and directors and income tax as stated in the audited financial statement of 2015. The proposed amount of remuneration to the employees and the directors is NTD 22.061 million and NTD 58.160 million, respectively, and will be paid in cash. The actual amount paid was NTD 4.221 million more than the estimated amount in book for 2015 due to the difference in the estimates and the exact account settlement of profit for 2015, and was recognized as adjustment of earnings before taxation in 2016. If the shareholders’ meeting resolves the actual allocated amount different from the estimate, it shall be handled as the “change in accounting estimates” in the year of the resolution made by the shareholders’ meeting.
3. Proposal of distribution passed by the Board:
Please refer to Note XXX- (VI) Expense on employee benefits in the consolidated financial statement.
4. The exact amount of remuneration to employees and directors in the previous year (including the quantity of shares released, the amount and the stock price), and the difference between the recognized amount of remuneration to employees and directors, the cause of the difference and the response to the difference:
The Shareholders’ Meeting on June 2, 2015 resolved to release remuneration to employees and directors amounting to NTD 253,953 and NTD 126,977, respectively. The difference between the remuneration to employees and directors amounting to NTD 250,000 and NTD 125,000, respectively, as recognized in the financial statement of 2014 was recognized as income in 2015.
(IX) Repurchase of the Bank Shares: None.
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II. Issuance of Financial Bonds
Type 1st term of 2009 Subordinated Financial
Bonds 2nd term of 2009 Subordinated Financial
Bonds
Date & Approval No. Ching-Kuan-Yin (4) Tze No. 09800104050 dated March 20, 2009
Ching-Kuan-Yin (4) Tze No. 09800104050 dated March 20, 2009
Issue Date June 26, 2009 December 10, 2009
Face Value NTD 100,000 NTD 500,000
Place of Issue and Trading Taiwan R.O.C. Taiwan R.O.C.
Currency NTD NTD
Issuing price At Par Value At Par Value
Total amount NTD 1.8 billion NTD 0.1 billion
Interest rate
Annual interest rate is index interest rate plus 1.40%. Index interest rate is the displayed floating rates for one-year term deposits of Chunghwa Post Co., Ltd.
Coupon rate at 2.75% fixed rate.
Maturity 7 years, matured on June 26, 2016 7 years, matured on December 10, 2016
Seniority Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Guarantee Institution None None
Trustee None None
Consignee None None
Certified Lawyer None None
Certified CPA None None
Certified financial institution None None
Repayment Methods Repayment in lump sum upon maturity Repayment in lump sum upon maturity
Unredeemed balance NTD 1.8 billion NTD 0.1 billion
Paid-in shares capital in last Fiscal Year
NTD 13,719,006 thousand NTD 13,719,006 thousand
After-tax Net Worth in last Fiscal Year
NTD 15,504,958 thousand NTD 15,504,958 thousand
Performance Normal Normal
Redemption or earlier redemption
None None
Conversion and exchange conditions
None None
Limitation Article Subordinated bond Subordinated bond
Fund utilization plan Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Balance of Bonds as a Ratio of Shareholding of After-tax net worth
27.09% 27.73%
Whether it is accounted for equity capital and type
Tier II Capital Tier II Capital
Name of credit rating agency, date of rating and ratings
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
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Type 3rd term of 2009 Subordinated Financial
Bonds 4th term of 2009 Subordinated Financial
Bonds
Date & Approval No. Ching-Kuan-Yin (4) Tze No. 09800104050 dated March 20, 2009
Ching-Kuan-Yin (4) Tze No. 09800104050 dated March 20, 2009
Issue Date December 18, 2009 December 30, 2009
Face Value NTD 500,000 NTD 500,000
Place of Issue and Trading Taiwan R.O.C. Taiwan R.O.C.
Currency NTD NTD
Issuing price At Par Value At Par Value
Total amount NTD 1.2 billion NTD 1.1 billion
Interest rate
Annual interest rate is index interest rate plus 1.50%. Index interest rate is the displayed floating rates for one-year term deposits of Chunghwa Post Co., Ltd.
Annual interest rate is index interest rate plus 1.48%. Index interest rate is the displayed floating rates for one-year term deposits of Chunghwa Post Co., Ltd.
Maturity 7 years, matured on December 18, 2016 6.5 years, matured on June 30, 2016
Seniority Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Guarantee Institution None None
Trustee None None
Consignee None None
Certified Lawyer None None
Certified CPA None None
Certified financial institution None None
Repayment Methods Repayment in lump sum upon maturity Repayment in lump sum upon maturity
Unredeemed balance NTD 1.2 billion NTD 1.1 billion
Paid-in shares capital in last Fiscal Year
NTD 13,719,006 thousand NTD 13,719,006 thousand
After-tax Net Worth in last Fiscal Year
NTD 15,504,958 thousand NTD 15,504,958 thousand
Performance Normal Normal
Redemption or earlier redemption
None None
Conversion and exchange conditions
None None
Limitation Article Subordinated bond Subordinated bond
Fund utilization plan Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Balance of Bonds as a Ratio of Shareholding of After-tax net worth
35.47% 42.57%
Whether it is accounted for equity capital and type
Tier II Capital Tier II Capital
Name of credit rating agency, date of rating and ratings
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
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Type 1st term of 2010 Subordinated Financial
Bonds 3rd term of 2010 Subordinated Financial
Bonds
Date & Approval No. Ching-Kuan-Yin (4) Tze No. 09800104050 dated March 20, 2009
Ching-Kuan-Yin (4) Tze No. 09900204230 dated June 4, 2010
Issue Date January 28, 2010 June 25, 2010
Face Value NTD 500,000 NTD 10,000,000
Place of Issue and Trading Taiwan R.O.C. Taiwan R.O.C.
Currency NTD NTD
Issuing price At Par Value At Par Value
Total amount NTD 0.6 billion NTD 0.9 billion
Interest rate
Annual interest rate is index interest rate plus 1.50%. Index interest rate is the displayed floating rates for one-year term deposits of Chunghwa Post Co., Ltd.
Annual interest rate is index interest rate plus 1.75%. Index interest rate is the displayed floating rates for one-year term deposits of Chunghwa Post Co., Ltd.
Maturity 7 years, matured on January 28, 2017 7 years, matured on June 25, 2017
Seniority Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Guarantee Institution None None
Trustee None None
Consignee None None
Certified Lawyer None None
Certified CPA None None
Certified financial institution None None
Repayment Methods Repayment in lump sum upon maturity Repayment in lump sum upon maturity
Unredeemed balance NTD 0.6 billion NTD 0.9 billion
Paid-in shares capital in last Fiscal Year
NTD 13,719,006 thousand NTD 13,719,006 thousand
After-tax Net Worth in last Fiscal Year
NTD 15,361,003 thousand NTD 15,361,003 thousand
Performance Normal Normal
Redemption or earlier redemption
None None
Conversion and exchange conditions
None None
Limitation Article Subordinated bond Subordinated bond
Fund utilization plan Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Balance of Bonds as a Ratio of Shareholding of After-tax net worth
46.87% 54.03%
Whether it is accounted for equity capital and type
Tier II Capital Tier II Capital
Name of credit rating agency, date of rating and ratings
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
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Type 1st term of 2012 Subordinated Financial
Bonds 1st term of 2013 Subordinated Financial
Bonds
Date & Approval No. Ching-Kuan-Yin-Piao Tze No. 10100305900 dated September 24, 2012
Ching-Kuan-Yin-Piao Tze No. 10200089330 dated April 8, 2013
Issue Date November 13, 2012 June 25, 2013
Face Value NTD 1,000,000 NTD 500,000
Place of Issue and Trading Taiwan R.O.C. Taiwan R.O.C.
Currency NTD NTD
Issuing price At Par Value At Par Value
Total amount NTD 3.0 billion NTD 2.5 billion
Interest rate Coupon rate at 2.10% fixed rate. Coupon rate at 2.10% fixed rate
Maturity 7 years, matured on November 13, 2019 7 years, matured on June 25, 2020
Seniority Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Guarantee Institution None None
Trustee None None
Consignee None None
Certified Lawyer None None
Certified CPA None None
Certified financial institution None None
Repayment Methods Repayment in lump sum upon maturity Repayment in lump sum upon maturity
Unredeemed balance NTD 3.0 billion NTD 2.5 billion
Paid-in shares capital in last Fiscal Year
NTD 22,338,576 thousand NTD 23,187,442 thousand
After-tax Net Worth in last Fiscal Year
NTD 25,461,054 thousand NTD 28,081,100 thousand
Performance Normal Normal
Redemption or earlier redemption
None None
Conversion and exchange conditions
None None
Limitation Article Subordinated bond Subordinated bond
Fund utilization plan Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Balance of Bonds as a Ratio of Shareholding of After-tax net worth
53.41% 48.20%
Whether it is accounted for equity capital and type
Tier II Capital Tier II Capital
Name of credit rating agency, date of rating and ratings
Fitch Ratings Limited; September 25, 2015 BBB+ (twn), F2 (twn), with stable outlook
Fitch Ratings Limited; September 25, 2015
BBB (twn) (Compliance with the Basel III), F2 (twn), with stable outlook
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Type 2nd term of 2013 Subordinated Financial
Bonds
1st term of 2015 Perpetual Non-cumulative Subordinated Unsecured Financial
Debentures
Date & Approval No. Ching-Kuan-Yin-Piao Tze No. 10200089330 dated April 8, 2013
Ching-Kuan-Yin-Piao Tze No. 10400200460 dated August 26, 2015 and Ching-Kuan-Yin-Piao Tze No. 10400251970 dated October 28, 2015
Issue Date December 16, 2013 December 28, 2015 Face Value NTD 500,000 NTD 10,000,000 Place of Issue and Trading Taiwan R.O.C. Taiwan R.O.C. Currency NTD NTD Issuing price At Par Value At Par Value Total amount NTD 3.0 billion NTD 1.5 billion
Interest rate Coupon rate at 2.10% fixed rate
Annual interest rate is index interest rate plus 3.08%. Index interest rate is the displayed floating rates for one-year term deposits of Chunghwa Post Co., Ltd.
Maturity 6 years, matured on December 16, 2019 No maturity date
Seniority Prevail over the shareholders’ right to allocate residual property, and follow the Company’s depositors and other creditors
Senior to the right of distribution of remaining property of the shareholders and junior to the bearers of Class II capital instruments, depositors and general creditors to the Bank.
Guarantee Institution None None Trustee None None Consignee None None Certified Lawyer None None Certified CPA None None Certified financial institution None None
Repayment Methods Repayment in lump sum upon maturity
From the 5th anniversary (inclusive) after the issuance, redemption could be made in full before maturity at face amount plus payable interests subject to the approval of the competent authority.
Unredeemed balance NTD 3.0 billion NTD 1.5 billion Paid-in shares capital in last Fiscal Year
NTD 23,187,442 thousand NTD 28,515,063 thousand
After-tax Net Worth in last Fiscal Year
NTD 28,081,100 thousand NTD 35,756,457 thousand
Performance Normal Normal
Redemption or earlier redemption
None
From the 5th anniversary (inclusive) after the issuance, redemption could be made in full before maturity at face amount plus payable interests subject to the approval of the competent authority.
Conversion and exchange conditions
None None
Limitation Article Subordinated bond Subordinated bond
Fund utilization plan Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Strengthen financial structure, upgrade capital adequacy ratio and expand business scale
Balance of Bonds as a Ratio of Shareholding of After-tax net worth
58.89% 44.47%
Whether it is accounted for equity capital and type
Tier II Capital Tier I Capital
Name of credit rating agency, date of rating and ratings
Fitch Ratings Limited; September 25, 2015 BBB (twn) (Compliance with the Basel III), F2 (twn), with stable outlook
Fitch Ratings Limited; September 25, 2015 A-(twn); stable【Rating on the issuer】
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III. No preferred share, overseas depository receipt, employee stock options, and mergers and acquisitions or acceptance of the assigned instruments from other financial institutions: None.
IV. Implementation of Fund utilization plan
(I) Contents of the plan:
1. The Bank has raised capital of NTD 1.5 billion by issuing new common stock at NTD 10/share in 2015. The investment has been fully paid by November 30, 2015 and was listed in the exchange on December 3, 2015.
2. The Bank issued the 1st perpetual non-cumulative unsecured subordinated financial debentures amounting to NTD 1.5 billion in 2015 with investment paid in full and listed in TWSE on December 28, 2015 for trading.
(II) Status of implementation:
1. The Bank has issued perpetual non-cumulative unsecured subordinated financial debentures in December 2015 for the successful raising of NTD 1.5 billion. The fund raised was used as loans for the enlargement of the scale of operation.
2. After the successful raising of capital, the Bank has used the fund as working capital in supporting different needs in financing as planned, and has completed the execution in Q4 2015. The information on the use of fund was disclosed in MOPS on October 8, 2015 and January 8, 2016, respectively.
3. The issuance of perpetual non-cumulative unsecured subordinated financial debentures is for funding working capital and reinforcement of the capital structure. The financial ratios, capital adequacy rate, corporate earnings, and changes in earnings per share are shown below:
Year
Financial ratio 2015 2014 The changes
ROA (%) 0.63 0.73 (0.1)
ROE (%) 9.19 11.22 (2.03)
Capital adequacy ratio (%) 11.94 11.64 0.3
Net income (Thousand NTD) 3,402,004 3,789,840 (387,836)
Earnings per share (NTD) 1.14 1.25 (0.11)
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Five. Operation Profile I. Business Contents
(I) Principal business of the Bank by business type: 1. Deposit Operations:
Passbooks, check deposits, certificates of deposit, negotiable certificates of deposit. 2. Corporate Finance:
For different forms of financing (general loan, project loan and policy loan), syndicated loans, and factoring.
3. Consumer banking: For mortgage loan, small-cap credit line, second mortgage loan, automobile loan and credit card.
4. Foreign Exchanges Operations: Import, export, foreign exchange settlements, deposits, and loans of foreign currency.
5. Wealth Management: Administer the planning and execution of the financial planning businesses throughout the bank, management of financial planning staff, preparation and revision of the wealth management policy and operating procedure, and promotion, supervision and management of wealth management customers’ investment in the financial planning business.
6. E-banking Operations: Running the business of personal/corporate internet banking, mobile banking, physical ATM, virtual ATM, online cash receiver, telephone voice service, package transfer/remittance, and collection service (tuition fee, community management fee).
7. Trust Operations: Running the business of custodian agent in special money trust for investment in domestic and overseas securities, certification of securities, real estate trust, prepayment trust, particular purpose money trust, and securities investment trust.
8. Investments Operations: Dispatch of funds in NTD and foreign currency, foreign exchange, marketable securities trading and long-term equity investment.
9. TMU business: Provide a diversity of financial instruments and financial consultation services for the needs of the customers in hedging and investment.
(II) Assets under respective business units and/or their proportion to total assets and/or revenue, and the status of growth: 1. Deposit Operations:
Unit: NTD thousand; %
Year Item
2015 2014 Comparison between 2015 and 2014
Amount Proportion Amount Proportion Increase (decrease) in
amount
Increase (decrease) in proportion
Current deposits
Check deposits 6,703,617 1.32 6,943,768 1.51 (240,151) (3.46) Current deposits 137,306,747 27.06 112,020,389 24.45 25,286,358 22.57
Current saving deposits 110,418,572 21.77 103,338,662 22.55 7,079,910 6.85 Subtotal 254,428,936 50.15 222,302,819 48.51 32,126,117 14.45
Time deposits
Time deposits 112,711,494 22.21 101,102,031 22.06 11,609,463 11.48 Time saving deposits 139,369,307 27.47 133,802,848 29.20 5,566,459 4.16
Subtotal 252,080,801 49.68 234,904,879 51.26 17,175,922 7.31
Others Accounts transfer and deposits via post office
863,454 0.17 1,045,021 0.23 (181,567) (17.37)
Total 507,373,191 100.00 458,252,719 100.00 49,120,472 10.72
Note 1: Current deposits and Current deposits include deposits in foreign currencies and treasury deposits. Note 2: Accounts transfer and deposits via post office include the national development fund tied in with accounts transfer and
deposits.
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2. Corporate Finance: Unit: NTD thousand; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Proportion Amount Proportion Increase (decrease)
in amount
Increase (decrease) in proportion
Balance of loans to SMEs 157,056,289 73.91 152,586,305 73.05 4,469,984 2.93
Balance of loans to large-size enterprises
26,528,541 12.48 26,579,814 12.73 (51,273) (0.19)
Balance of corporate Finance loans in NTD
183,584,830 86.39 179,166,119 85.78 4,418,711 2.47
Balance of loans in foreign currency
28,922,236 13.61 29,701,254 14.22 (779,018) (2.62)
Total 212,507,066 100.00 208,867,373 100.00 3,639,693 1.74
3. Consumer banking:
(1) Personal line of credit
Unit: NTD thousand; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Proportion Amount Proportion Increase (decrease)
in amount
Increase (decrease) in proportion
Home mortgage loan 52,679,883 97.09 54,976,132 96.74 (2,296,249) (4.18)
Home improvement loan 402,765 0.74 547,926 0.97 (145,161) (26.49)
Other personal consumer loans 1,177,774 2.17 1,302,227 2.29 (124,453) (9.56)
Total 54,260,422 100.00 56,826,285 100.00 (2,565,863) (4.52)
(2) Credit card
Unit: NTD thousand; card; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Amount Increase (decrease)
in amount
Increase (decrease) in proportion
Yearly Sales Volume 5,023,838 4,626,320 397,518 8.59
Revolving credit balance 238,549 207,695 30,854 14.86
Effective Cards 195,966 155,587 40,379 25.95
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4. Foreign Exchanges Operations: Unit: USD thousand; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Proportion Amount Proportion Increase (decrease)
in amount
Increase (decrease) in proportion
Import 1,653,647 12.57 2,031,194 14.27 (377,547) (18.59)
Export 724,152 5.51 749,677 5.27 (25,525) (3.40)
Outward remittance 5,603,460 42.61 5,855,182 41.13 (251,722) (4.30)
Inward remittance 5,170,490 39.31 5,597,868 39.33 (427,378) (7.63)
Total 13,151,749 100.00 14,233,921 100.00 (1,082,172) (7.60)
Balance of deposits at the end of the year
1,342,746 1,059,905 282,841 26.69
Balance of loans at the end of the year
897,994 955,509 (57,515) (6.02)
5. Wealth Management: Unit: NTD thousand; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Proportion Amount Proportion Increase (decrease)
in amount
Increase (decrease) in proportion
Trust service fee revenue 494,828 45.91 537,635 51.64 (42,807) (7.96)
Insurance service fee revenue 581,302 53.94 502,604 48.28 78,698 15.66
Gold passbook commission income
1,643 0.15 784 0.08 859 109.57
Total 1,077,773 100.00 1,041,023 100.00 36,750 3.53
6. E-banking Operations:
(1) Number of new network accounts
Unit: account; %
Year Item
2015 2014 Comparison between 2015 and
2014
Number of active accounts
Number of new accounts
Number of active accounts
Number of new accounts
Increase (decrease) in number of active
accounts
Increase (decrease) in proportion
Number of new network accounts
223,461 28,982 189,348 24,928 34,113 18.02
(2) e-Banking trading ratio
Unit: transaction; %
Year Item
2015 2014 Comparison between 2015 and
2014
Accumulative transactions
Proportion to Total
Transactions%
Accumulative transactions
In proportion to total
transaction Percentage of the counts of transactions
Increase (decrease) in transactions
Proportion to increase
(decrease) in total transactions
%
e-Banking transaction
8,368,809 58.47 6,905,190 50.36 1,463,619 21.20
Note: The transactions exclude those for inquiries.
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7. Trust Operations:
Unit: NTD thousand; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Proportion Amount Proportion Increase (decrease)
in amount
Increase (decrease) in proportion
Balance of investment in domestic and overseas marketable securities through special monetary trustee accounts
46,999,137 84.62 44,492,016 82.62 2,507,121 5.63
Balance of custody of securities 5,004,704 9.01 4,157,115 7.72 847,589 20.39
Balance of real estate trust 2,195,390 3.95 2,863,475 5.32 (668,085) (23.33)
Balance of specific independent money management and utilization trust
1,211,864 2.18 2,334,720 4.34 (1,122,856) (48.09)
Balance of employee shareholding trust
134,030 0.24 - - 134,030 -
Balance of trust assets 55,545,125 100.00 53,847,326 100.00 1,697,799 3.15
Volume of certified auditors of marketable securities
2,211,972 - 4,121,924 - (1,909,952) (46.34)
8. Investments Operations:
Unit: NTD thousand; %
Year Item
2015 2014 Comparison between 2015 and
2014
Amount Proportion Amount Proportion Increase
(decrease) in amount
Increase (decrease) in proportion
Long-term/short-term investment revenue
305,110 17.33 375,476 22.64 (70,366) (18.74)
Interest income – NTD currency 944,343 53.67 860,916 51.90 83,427 9.69
Interest income – foreign currency
293,344 16.67 244,652 14.75 48,692 19.90
TMU operating revenue 44,090 2.51 15,981 0.96 28,109 175.89
Exchange revenue – spot 172,764 9.82 161,712 9.75 11,052 6.83
Total income (exclusive of the reserve fund
and own reserves) 1,759,651 100.00 1,658,737 100.00 100,914 6.08
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(III) Business plan for 2016
1. Deposit Operations
(1) Increase deposits and remittances business and increase risk-free service fee income.
(2) Actively develop current deposits, improve current deposit structured ratio, and reduce capital cost.
(3) Continue improving SOP, simplifying routine operating, reducing operating cost and upgrading the service quality.
(4) Continue to strengthen e-banking services, actively promote the consumption of customers, increase service fee income, and improve processing efficiency.
(5) Actively develop the number of customers, promote development of the source of relevant derivatives, and develop the Bank’s potential income.
2. Corporate Finance
(1) Corporate loans aim a balance between qualities and quantities for adjustment in industrial structure of financing of the Bank as gravity.
(2) Make available for enterprises in total financial solution design and a diversity of financial products (foreign exchange, TMU, trust, wealth management) and intensify the nurturing and training of professionals in corporate banking for the development of corporate loans with the eventual outcome of development.
(3) Intensify the promotion of the “Micro enterprises project loans” to assist the micro enterprises to obtain working capital.
(4) Participate in onshore and offshore syndicated loans with priority in the assessment of credit risk and strive for the position proactively.
(5) Increase the size of factoring business and trade financing volume; stimulate the growth of commission income as the source of revenue.
(6) Support the national policy of economic development in sustained effort to support the small and medium enterprises with preferential treatment in financing, and make positive effort in supervising the financing of small and medium enterprises in upgrading, small –cap initial loan, SME project loan for consolidation, micro enterprise new business loan. Preferential interest rate will be offered for SME in good standing with promising future and stable profit. These loans will also be sent to SME Credit Guarantee Fund for reducing the credit risk of the Bank.
(7) Intensify the development of the market for Taiwanese enterprises overseas and to assist the enterprises to run new businesses overseas, and also for those potential firms that are lacked of collaterals to finance the guaranty from Overseas Credit Guaranteed Fund.
3. Consumer banking:
(1) With existing customers as the main market and new accounts as the auxiliary market for development of consumer banking system in areas where credit quality can be kept under control, including the approval and referral of the corporate headquarters and the marketing system of the branches.
(2) Expand the size of the marketing teams at the branches and launch more consumer banking products as long as the experience and capacity in risk control and marketing warranted for the sustained expansion of the size of sales of the whole Bank.
(3) Pursue the companywide marketing strategy for the effective preservation of existing accounts and proactive development of potential customer groups with
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market segmentation for better opportunities in making profit.
(4) Integrate the internal and external marketing channels, intensify sales among the branches in concerted efforts and in cross-industry cooperation to development product sale in scope and in depth and improve the reputation of products.
(5) Optimize the efficiency in review process with consideration in credit risk control and asset quality for upgrade the competitive power of products.
(6) Pricing will be oriented towards profits. Product of high yield will be developed and targeted to specific group of customers. With this in mind, the Bank will not include customers that many banks seek to attract. Instead, the Bank will locate customers that other banks unwilling to take on condition that the risks thereof can be kept under control.
(7) Make positive effort in the circulation of promotional materials and DM with telephoning to interview existing customers, and bolster the brand value of the Bank in market. Under the business philosophy of “Hearty Service”, and in support of charity sponsorship and donation, the Bank cultivated its relation with the customers in depth with positive image, and made customers more receptive to the business of the Bank and hence refers the services of the Bank to other customers.
4. Foreign Exchanges Operations
(1) Establish more branches qualified for running foreign exchange, and enhance the function of one-stop service at the same counter for local and foreign currency transactions to upgrade the efficiency of foreign exchange operation.
(2) Upgrade the function of Internet banking in foreign exchange.
(3) Develop trade financing business, seek more opportunity for international syndicated loans in good quality for more income.
(4) Continue to seek deposits in foreign currencies for augmenting working capital.
(5) Promotion of derivative trade and offering customers of a wider array of choices.
5. Wealth Management
(1) Develop new products to market and upgrade the competitive power of wealth management products:
A. Increase the size of overseas bond, ETF and structured notes, and similar kinds of products.
B. Customize wealth management products to serve customers of sizable assets and professional investors.
(2) Expand the business horizons of wealth management and upgrade the professional standing of the wealth management staff:
A. Adjust the remuneration system for running the wealth management operation to attract good quality banking staff of the Bank and experienced talents in the industry to the service for augmenting the wealth management team.
B. Design the training and learning program to upgrade the professional standing of the wealth management staff from internal transfer.
(3) Fortify the management of channels and boost the momentum of the branches in business.
A. Design the customer classification system for proper management to provide customers with sizable assets better service in full-range wealth management.
B. Organize a weekly morning meeting via videoconference to fortify the
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professional knowledge of the branch staff.
(4) Upgrade the function of the wealth management system platform:
A. Reinforce the sale management system to upgrade the efficiency of wealth management operation.
B. Fortify the internal control and management mechanism.
6. Trust Operations
(1) General Trust Operations:
A. LOHAS Retirement Trust: In supporting the “LOHAS Care Trust” policy advocated by the competent authority, the Bank assists the elderly and the social misfortunes in the LOHAS care system. At the same time, the Bank can also yield result in business promotion and perform its corporate social responsibility.
B. Ready-built premises featured reverse repurchase trust: in the wake of a changing market of real property, this product allows the customers the peace of mind in real estate trade. In addition, the Bank can offer more mortgage loans to the customers, attract more deposits, and expand the business in trust service.
C. Prepayment trust: development of the prepayment trust business (gift voucher trust), protect consumer rights, and broaden the basis for regular trust for bringing in more commission incomes.
D. Certified auditors of marketable securities: provide incentive of tax saving and lending of securities to develop accounts of securities trust, and develop business of regular trust and bring in more incomes.
E. Escrow: It is promoted in real estate transaction and tied in with the trust mechanism to assist the community to ensure the security of real estate transactions and fight for housing loans business in order to expand the trust business service scope.
F. Pre-sale house performance trust: Work with the “pre-sale house performance bond mechanism” policy promoted by the competent authorities to actively promote the business of real estate development trust and pre-sale house price trust in order to protect the rights and interests of the homebuyers and enhance transaction security.
(2) Financial business:
A. Fund purchase orders by fax service: customers can place orders for purchasing fund units by fax instructions further to over-the-counter and Internet banking system (including subscription, switching, and redemption).
B. Telephone transaction section (non-voice service): telephone transaction service by service personnel. Customers may directly conduct their transactions in investment and wealth management over the phone. This mode of operation is secure and efficient, and can help to develop the wealth management business of the Bank.
(3) Custodian agent: move further in the development of custodian service for higher business volume so as to create stable income. This would help to bolster the deposit business and commission income from trust service and management.
7. Investments Operations:
(1) Continue the swift flow and stability of inter-branch fund appropriation. Further to the relation with other financial institutions, the Bank will continue to seek more counterparties in call loans in foreign currencies to increase the sources of
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funding in foreign currencies and reduce the cost of capital.
(2) Continue the stable streams of incomes under current foundation of business operation, and cultivate the business in depth to achieve the annual goal of budgeting.
(3) Pay close attention to the domestic and international political and economic situations and keep abreast of the trend of investment in market. Adjust the position of stocks and funds timely and increase the return on short-term investment. Select stocks of high potential or stable growth for band trade in order to make profit from the spread. The investment of fund is balanced in countries with net cash inflow with the selection of short maturity or in existence for 1~2 years for making investment at regular intervals to avoid the influence of particular country on investment performance.
(4) The position of long-term investment is maintained at the level in 2015 for bolstering the investment performance on existing foundation for better profit. Increase the stake in return on investment with additional investment in bonds denominated in NTD and foreign currencies. Upgrade the efficiency of the utilization of fund and interest income.
8. TMU business:
(1) Promote derivative trade and design customized planning for hedge and financial operation to the needs of the customers.
(2) Cultivate customer relation, fortify the process for reviewing the limit of derivative trade, upgrade TMU products and the function of the risk control system, and continue to intensify the professional training of the sale staff to provide customers professional products and services.
(IV) Market Analysis
1. Territories of banking business
At present, the Bank has 80 branch locations and 1 Overseas Banking Branch to provide diversified business services, including personal banking, corporate banking, wealth management. The bank through business area characteristics has developed refined financial instruments, expanded business fields, and provided customers with better quality and convenient financial services through a professional business operation.
2. Supply and Demand of the market and growth in the future
Global economic performance is expected to be better than the previous year. With the resumption of business in the semiconductor business, export of electronic products could be improved. However, economic recovery in the newly emerged economies is still slow that hampered global economic performance, which inevitably affected the momentum of export trade. In the private sector, the rise of IoT and big data entailed new business opportunities for investors. Investment in production process still constitutes a leading position and continued in the area of high-end process. In general, economic recovery has been slow but will improve in this year. DGBAT of Executive Yuan forecasted national economic growth at 1.47% in this year.
3. Competitive niche, favorable and unfavorable factors for development in the future, and countermeasures.
(1) Favorable factors
The Bank has, for a long time, cultivated its business relation with the small and medium enterprises in central Taiwan and hence has the distinctive advantage and a strong and stable clientele base.
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The experience of the Bank in servicing small and medium enterprises helps to focus its customer groups and develop differentiated mode of operation.
Construct the diversity of the banking service system is beneficial for integrated marketing of the organization and will yield better result.
Maintain the advantage of low cost of capital, as it will contribute to the profitability and competitiveness of the Bank.
(2) Unfavorable factors
The Bank still has not opened any overseas branch and loses its opportunity in business with the overseas Taiwan business firms and development.
The globalization of banking and finance and the cross-industry competition of financial holding companies narrow the space for the existing market of small and medium banks in banking service.
The high degree of homogeneity of products and the keen competition in the financial and banking sector make it difficult to broaden the interest spread.
There are numerous factors for the sluggish global economy and the financial environment is under the pressure of adaptation in operation.
(3) Countermeasures
With persistence in “stable volume with increase profit” and “advancement in stable paces”, the Bank seeks to enlarge the scale of its assets to stand firm in Taiwan and expand to other regions of Asia-Pacific. In aligning to the trend of “globalization” of Taiwan business firms, the Bank will further develop “corporate banking”, “consumer banking”, “wealth management” and “TMU operation” as the mainstream operation.
(V) Research and Development of financial products and status of business development
1. Primary financial products and new banking units, their sizes and income in the most recent two years
Unit: NTD thousand
Item Until Feb. 29, 2016 2015/end 2014/end Trade
value/volume Operating revenue
Trade value/volume
Operating revenue
Trade value/volume
Operating revenue
Corporate Finance Volume of corporate loans
184,918,457 774,526 183,584,830 4,701,971 179,166,119 4,732,625
Personal banking Consumer loans 53,974,890 191,909 54,260,422 1,189,639 56,826,285 1,262,840 Non-Consumer loans 126,992,425 527,168 128,173,431 3,263,955 121,509,645 2,847,219 Sales Volume of Credit Card
898,013 21,718 5,023,838 125,914 4,626,320 114,896
Financial management Stock 372,645 (31,807) 2,266,703 (74,453) 2,662,170 18,315 Fund 4,088,179 (16,279) 41,825,456 87,092 33,980,263 65,857 Certificates of deposit bought
113,600,000 67,862 653,400,000 462,359 620,800,000 449,568
Commercial paper bought
50,467,501 19,615 351,047,133 138,960 193,134,941 95,410
Bonds 2,672,221 5,748 607,778 20,385 0 25,027 Corporate bond 4,165,756 56,557 5,989,086 285,517 2,005,973 267,480
Note: Credit card business revenue includes the related service fee income and credit card revolving interest income.
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2. R&D expenditure and results in the most recent two years, and the future R&D plans
(1) R&D expenditure and result in the last 2 years: R&D spending amounted to NTD 75,670 thousand.
Name of R&D product Descriptions of R&D Research and Development
Results
Information management system- foreign exchange
management
1. Transaction detail of foreign exchange customers/data on large sum foreign exchange/ foreign exchange volume inquiries.
2. Printing of declaration documents by Trust Department.
Self-developed
1. Reduce the workload in manual processing.
2. Provide the diversity of data search function.
3. Make the branches run foreign exchange business better.
Bank3.0-12 business items
Provide customers more convenient channels for business application.
October 2015-Configuration Completed.
Optimization of the foreign exchange
system
Optimization of the foreign exchange system, adjustment of the functions for related transactions of foreign exchange to make the operation process simple and easy for the users.
December 2015-Configuration Completed.
The new generation of e-Bank
Provide the customer a high quality electronic banking service system (including corporate Internet banking, private Internet banking, barrier-free Internet banking, mobile banking, FXML transaction platform) to upgrade the competitiveness and buttress the operation performance of electronic banking service of the Bank, reduce the work load at the business units and reduce the cost of service at the counters. These will contribute to higher profit with the use of the automated system.
Outsourced developm
ent
January 2015-Configuration Completed.
Customer Service System Update
Accelerate the customer service quality and continue to moving towards a market-oriented, personalized, and refined service direction, and introduce high-quality tele-marketing management operation and tele-financial advisors.
April 2015-Configuration Completed.
Sophisticated FX options
Provide the customers a wide array of hedge and financial instruments with the introduction of sophisticated FX options including the distinctive and strategic options in supporting the FX option system upgrade of the Treasury Department.
The installation was completed in April 2015 and makes available a full-range of products and services to the customers.
Automation equipment monitoring and e-journal centralized management
system
The function of real-time monitoring and control in case of malfunctioning of the ATM with cash short and the centralized management function and retrieval for viewing function of the daily electronic transaction log.
1. Improve the responses to machine problem to upgrade service quality and the ATM accounting efficiency.
2. July 2015-Configuration Completed.
Easy card project Provide a wide array of products and services with our credit cards, and install the Easy Credit Cards, Easy Banking Card systems.
July 2015-Configuration Completed.
Module for interfacing with cyber shops
Satisfy the needs of the customers in the integration with the online shopping malls and the capital flow system of the Bank; provide consumers WebATM, SmartPay, and online credit card reading for payment.
October 2015-Configuration Completed.
The acquirer banking EMV chips and equipment
update in credit card operation
In supporting the launch of the ATM collection EMV chip function of different international organizations (VISA, MASTERCARD, JCB, and UnionPay International), the Bank upgraded related software and hardware.
February 2016-Configuration Completed.
(2) Development plan for the future: R&D spending amounted to NTD 92,640 thousand.
Plan in the most recent year Status Scheduled to complete in
Key factors to success of future R&D
Update of the Central Bank Foreign Exchange data
processing system. 90% completed. April 2016
Reduce repeated data entry to ensure data accuracy and transmission efficiency.
Full-range collection service network
90% completed. April 2016 Upgrade and bolstering collection service for the customers (such as management fee for building and membership fee for the professional associations) and the collection and management of tuition fee service.
Opening of digital accounts online.
30% completed. May 2016
Align with the trend of digital banking development and make it convenient for the customers to upgrade related certification documents online without attending the counter for opening accounts. This service is convenient for the public and helps to reduce the workload at the counters.
Mobile payment project 75% completed. May 2016 Establish the system of mobile payment interfacing platform; provide cell phone credit cards, mobile banking card, and ACH accounts and other diversify of payment tools.
New wealth management 60% completed. July 2016 Establish a more efficient customer classification and management system for
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Plan in the most recent year Status Scheduled to complete in
Key factors to success of future R&D
system augmenting the operation efficiency of wealth management. Install the platform for the planning and management of customer-oriented wealth management to customer needs.
Risk control management in anti-money laundering and
prevention of financing terrorism.
40% completed. September 2016
Establish the system for the risk management of money laundering, reinforce the awareness of anti-money laundering of the banking personnel to realize the anti-money laundering plan, and upgrade the competitive power of the enterprise to the expectation of the competent authority.
Introduction to national payment network of e-Bill
Prospective contractors is in
selection July 2016
Joint the national payment network to provide the customers more channels for payment of fees and taxes, and the bills for daily necessities. Manage and alert or set the function for prearrangement with customers through the analysis of the customer payment information, and provide them related daily expenses service.
API Management platform System under
planning September 2016
1. Tidy up and manage user-friendly API for the enterprises for design optimized corporate-class application.
2. Provide the development personnel portal with access to market so that potential customers can be attracted to and used the API. Through the controlled mode to support connection to the network and self-service function.
3. Through the use of simplified coding of API, including the mixed combination of different things to transcend the environment and technical supports of many suppliers.
4. Keep abreast of the API commonly used by the consumers through the API management and analysis platform to discover hidden business opportunities.
ATM withdrawal without the use of banking card.
System under planning
July 2016 Provide customers the no-card withdrawal service in conformity to the standard accredited by FSC in network security, and establish an ATM no-card withdrawal system.
ATM Inter-bank deposit System under
planning December 2016
Upgrade the ATM function of the Bank to provide customer convenient deposit service through the installation of an inter-bank deposit ATM system.
HCE mobile payment System under
planning December 2016
Provide the function of mobile credit card payment for the customers using smart phones and install the HCE credit card mobile payment system.
New bargaining system for foreign exchange
System under planning
December 2016 Save the cost and time for bargaining over the telephone for real-time control of foreign exchange market information.
TMO Derivatives Transaction system
System under planning
December 2016 Provide a diversity of trading and risk control mechanism.
The SFA system System under
planning December 2016
Install the corporate account sale management system for the efficient “upgrade of customer service management” and “Increase the volume of successful deals of the sale personnel”. 1. Intensify the planning and launch of corporate banking at the branches so
that the branch heads can effectively manage the overall performance and the sale performance of the staff.
2. Assist the sales personnel to enhance sale performance incrementally through the standard sales procedures. With the use of customer information, time management, concern of the targeted customers, alert mechanism, sales forecast and other management methods to improve the efficacy of corporate banking sales promotion events.
“Shared component CUF and private cloud PAAS”
system development architecture platform
System under planning
December 2016
Introduce a complete standardized software development process and establish program development standard and basic module so that the systems can be easily developed and maintained and the maintenance of high efficiency cross-platform application program structure. The introduction of the PASS private cloud service platform helps to upgrade the capacity of cloud management.
Gold passbook APP function System under
planning December 2016
Reinforce the function of the APP in existence with the addition of gold passbook APP function for facilitating the development of wealth management business and providing more channels for the convenience of the customers in investment and wealth management.
(VI) Long-term and short-term business development plans
1. Short-term business development plan: Please refer to (3) business plan for 2015.
2. Long-term business development plan: Please refer to Section 3. Future Development Strategies of a Message to Shareholders.
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II. Employees
(I) Employees’ information
Year 2014 2015 Until Feb. 29, 2016
Em
ployee No.
More than 50 years old 180 231 240
More than 40 years old 890 874 871
More than 30 years old 498 528 527
More than 20 years old 502 560 583
Less than 20 years old 4 4 3
Total 2,074 2,197 2,224
Average age 38.0 38.1 38.1
Average seniority 11.4 10.9 10.7
Education B
ackground
Master 10.6% 11.6% 11.5%
Bachelor 61.0% 62.9% 63.0%
College 22.7% 20.6% 20.5%
Senior High School 5.6% 5.0% 4.9%
Junior High School 0.1% 0.0% 0.1%
Professional designation and licensing, and num
ber of such employees
Securities sales traders 305 316 317
Investment Insurance Products 993 1,030 1,097
Securities investment trust/investment advice sales traders
143 150 152
Initial credit extension personnel’s professional ability
839 891 902
Advanced credit extension personnel’s professional ability
39 45 45
Futures sales traders 90 95 95
Life Insurance Agent 1,735 1,680 1,852
Bond sales qualified in professional ability test
18 23 23
Initial foreign exchange personnel’s professional ability
462 564 570
Wealth management and planning personnel
487 488 492
Trust Operations Personnel 1,609 1,670 1,666
Bank’s internal control basic test 906 917 917
Senior Securities sales traders 169 182 184
Property Insurance Agent 1,637 1,579 1,681
Notes and bills traders 21 24 24
Marketable securities, financing and financial instruments sales traders
8 8 8
Internal auditor 3 3 3
Stock affairs personnel qualified in professional ability test
13 18 18
Foreign exchange professional ability 9 12 12
Financial personnel’s professional ability in appraising collaterals for credit extension
9 11 11
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(II) Employees’ advanced studies and training:
1. The Bank organizes different kinds of training programs for different banking functions (e.g.: deposit and remittance, lending, and wealth management), and appoint colleagues in professional standing in respective fields to act as the tutors in internal training for helping the employees in job design and career planning. In 2015, the Bank has organized 97 classes of trainings with 6,459 participants/participations. The spending on education and training amounted to NTD 2,969 thousand in the same period.
2. In attuning to the beats of the changeable market, the Bank requests all employees to get familiarized with the latest knowledge in banking and finance, product information, applicable laws and systems, and market trend in order to provide good qualify professional service to the customers. In practice, the Bank extensively dispatched its personnel to external training for new knowledge. In 2015, the Bank has sent 548 persons/time to participate in external training amounting to NTD 1,615 thousand.
3. The Bank upholds the philosophy of “whole-heartedness” and incorporated service courtesy and courteous languages in training. Through its internal operation procedure and education on the rule of law, the Bank allows for the internalization of benevolence into all employees, which will be manifested in their attitudes and behaviors in treating the customers and working. Employees with competence and integrity will be the foundation of the Bank in perpetual corporate development.
(III) Employees’ code of conduct or ethics: posted in the official website of the Bank for announcements for the inquiry and observance of the employees.
1. All employees shall be law abiding and perform their duties with utmost effort.
2. The principles of honesty, integrity, caution, diligence shall be duly observed by all and there shall be no arrogance, greed, luxury, unrestrained, loitering and gambling at the expense of the reputation of the Bank. Be humble and courteous in treating the customers and efficient at work.
3. All employees shall keep the information on the business of the Bank, the customers and their transactions, and any other secretive activities in strict confidence, and shall not disclose to any third party. This code shall be applicable to employees who resigned or discharged from the Bank.
4. Employees shall not have transaction with current customers of the Bank in lending and borrowing, or shall not act as guarantor or the subject of guarantee.
5. Employees shall not act as guarantor under their occupational title.
6. Employees shall not undertake any part-time work beyond the duties of the Bank unless otherwise approved by the Bank.
7. Employees shall not run business homogenous to the operation of the Bank, and shall not engage in any speculative works privately.
8. Except in weekend and recognized holidays, employees shall report to duties in designated span of time, and shall be punctual and shall not leave their duties before the end of the working day. In addition, no employee may be absent from their duties without the approval of the supervisor.
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(IV) Work environment and employees’ personal safety protection measures: Item Contents
Entrance guard safety
1. Under the precision entrance guard control system all day.
2. Contract with the security company to maintain the safety of the office premises at nighttime and holidays.
3. Access to the police authority hotline for caution.
Maintenance and inspection of equipment
1. According to the Building Public Safety Inspection and Declaration Rules, the Bank will commission the profession service provider to conduct the public safety inspection and report per two or four years.
2. According to Fire Act, the Bank will outsource the fire inspection per year.
3. Proceed to the maintenance and inspection of company cars, high and low voltage electrical appliances, elevators, air-conditioners, water fountain machine, fire safety equipment and related equipment in accordance with applicable laws governing occupational safety and health.
Disaster prevention
measures and response actions
The Bank has defined the instructions to rescue disasters and reporting procedure for occupational accidents, such as “Disaster Urgent Response Action Manual”, “Guidelines for Dealing with Important Contingencies”, “Instructions to Safety Protection and Organization of Relevant Business Units”, “Labor Safety and Health Automatic Inspection Plan”, and “Instructions to Maintenance of Facility Safety”, expressly defining the job responsibilities to be taken by the Bank’s staff before and after important events, such as force majeure and robbery, and also requiring the various business units to perform the robbery-proof drills.
Physical/mental health
1. The Bank provides the in-service staff with the health inspection service per two years.
2. No smoking at the business locations pursuant to requirements; defining the complaining requirements and relevant punishment rules against “Sexual Harassment Control”.
3. Set up the inter-bank forum as the opinion exchange platform.
Insurance
Be enrolled in the labor insurance and health insurance programs pursuant to laws. In the case of any casualty, it is necessary to designate the dedicated personnel to safeguard evidence, contact the insurance company, work with the accidental liability insurance investigation conducted by the employer, filing of the claims and report to the competent authority.
III. Enterprise Responsibilities and Ethical Behavior
Refer to III-Corporate Governance Report → 3 The Status of Corporate Governance (6) The Corporate Social Responsibility → VI- other information critical to the understanding of our bank’s corporate social responsibility and how it is put into practice.
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IV. Number of non-executive banking staff, average fringe benefit of employee in the year and the difference from the previous year.
Year 2014 2015 Amount of difference
Number of non-executive banking staff 1,498 1,568 70
The average fringe benefit expense of non-executive banking staff (NTD 1,000/person)
NTD 969 thousand
NTD 1,027 thousand
NTD 58 thousand
V. IT Equipment
(I) Main hardware equipment:
Private cloud server group system, private cloud hard disk storage system, NTD main server system, server hard disk storage equipment, virtual tape reader of server, main server laser printer, FX account server, fund accounts server, hardware transaction security module (HSM), open system server group, open system disk storage equipment, Internet and information security equipment, general network equipment, and UPS.
(II) Main information systems:
NTD accounts, FX accounts, trust, customer service center, credit cards, collection of instruments, CRM application, Internet bank, mobile bank, Web-ATM, and gold passbook systems.
(III) Plans for development and procurement in the future
1. Development plan:
Update the Central Bank foreign exchange data processing system, full-range collection network, online digital account opening, mobile payment program, new wealth management system, e-Bill national payment network interface, risk management in anti-money laundering and prevention of financing terrorism program, API application management platform, ATM inter-bank deposit, ATM no-card withdrawal, HCE mobile payment, foreign exchange new bargaining system, TMO derivative trade system, sale automated system SFA, “Shared component CUF and private cloud PAAS” system development structure platform and gold passbook APP function.
2. Procurement plan:
(1) Security information and event management system upgrade:
Continue the fortification and upgrade of the “information security and security event management system”, perpetual retention of firewall, intrusion prevention system, commissioned server, mail scanning equipment, antivirus server, WSUS server, E-Mail server, web pages and program monitoring system, external service websites and weakness scanning server equipment or log books for subsequent review and identification of problems and served as evidence. Use the analysis result and the warning from the information security and security event analysis system for reducing the workload of information security staff.
(2) Reinforcement of the IT security:
Network security has been effectively protected with several layers of security technologies and measures for reducing the risk of the threat from virus, computer worms, BotNet and other Internet attacks, including the use of firewall, attack prevention system, antivirus portal, and server antivirus. These help to prevent different types of network attacks with accuracy and can respond in real-time to reduce possible damage to the system for overall information security protection.
(3) Inter-data center virtual storage device:
Addition of virtual storage function for automatic switching at the time of storage equipment failure without interruption of service.
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(4) Alternate site backup function reinforcement:
Broaden the scope of alternate backup site function through the expansion of systems at a lower level of importance further to the critical system already installed.
(IV) Emergency and safety protection assessments:
1. Various server backup at the Center:
(1) “Cross-strait Three Centers” backup facility: The Bank has a main center, two cross-strait sub-centers, and remote backup center to provide synchronous storage services. In addition to have data stored in two sub-centers synchronously for backup service, the important systems are stored in the remote backup center to hedge against the impact of disasters.
(2) Server room: There are three sets of UPS with three battery packs installed in the main center, in addition, two sets of generators will keep the server computer in the main center operated normally in case of power failure.
(3) Alternate backup site: In the event of a disaster during regular banking hours, the alternate backup site can recover the critical system within 4 hours (such as: deposit, loan, foreign exchange settlement, ATM, foreign exchange and funds) to maintain essential business.
(4) The remote backup service drill is performed twice a year to strengthen staff proficiency in operation and integrity of document verification.
2. Business unit backup:
(1) Each business unit is with the backup network constructed.
(2) The business unit with the linking system failed can operate the process at the nearby branches.
(3) The Information Department is equipped with appropriate linking workstation equipment that is ready to support the business unit operation at any time.
3. Data protection and security:
(1) The Bank introduced the digital copyright and document collaborative management platform for the prevention of data leak and undue use or theft of data. On this platform, sensitive data will be encrypted with file collaborative and sharing function to reduce the risk of data leak.
(2) Support the editing of different types of documents for work efficiency and real-time sharing of information and to help upgrade productivity.
4. The Bank’s computer and network equipment are protected against computer viruses and hackers:
(1) The Bank’s Windows system (including Server and PC) are equipped with anti-virus software, always updated with the latest virus code, and automatically updated all connected PC.
(2) The Bank has multiple backup systems (including traditional backup and continuous snapshot protection) constructed to provide different levels of data protection.
(3) Established the network operations monitoring and management system, and implement the network operations monitoring, reports analysis, trend forecasting, performance bottleneck analysis, network setup automatic backup, LOG records and storage, auditing, and tracking.
(4) To strengthen the anti-virus and anti-hacking effort, equip the mail content filtering protection system is to screen and control personal information in order to effectively prevent leakage of personal information and enhance information security. With the filtering of junk mails and prohibition the use of external mail IP.
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Comply with the safety policies and laws and regulations to screen, test, change, produce logs, and archive messages in order to meet the requirement of data reservation.
(5) Filtering of webpages and mails: Filter the contents of webpages to reduce the access of harmful contents (such as malicious software, malicious websites and spam) to the Bank’s intranet, and also prohibit users from accessing live messengers, pornographic websites, illegal software, P2P file sharing, chatroom, streaming media and malicious websites to reduce the computer’s risk of being hacked.
(6) Prohibition of connection to external network, USB storage devices, and writing devices to reduce the risk of data leak.
(7) An events gathering and analysis system is constructed to manage the copies and filing of the day log collectively and extend the log reservation period in compliance with regulatory requirements. Day log in different formats (layout) can be integrated to collect and index information events, provide fast query and auditing information events, and define the risk level and severity of the information events with the responsible person informed immediately.
(8) AD directory service management, teller terminal, general PC and Server are added into AD directory service domain for centralized management and preventing unauthorized use.
(9) The network connection of computer equipment is locked to prevent any unauthorized connection of external computer in order to enhance information security.
(10) Construct network protection and detection systems, filter Web virus and prevent website tamper, and strengthen network information security.
(11) Double firewall mechanisms: Construct firewall in the Internet terminal, internal server, and important area. Double firewalls are configured as thermo backup mode to enhance backup capability.
(12) Construct IPS, monitor connection to the DMZ area (such as, network banking, portals, etc.), server area (such as, applied servers, database servers, etc.), and teller’s external website, and may set the sealing and filtering rules according to the actual need and practice in order to initiate an active defense mechanism.
(13) The external applied software is programmed with initial code verification mechanism to prevent the occurrence of software vulnerabilities that give hackers chances to attack.
(14) Database audit system is to record the user’s accessing to the databases for authorization control and post-even audit.
(15) Commission private information security vendors regularly to test the Bank’s network service and information security vulnerability and penetration, and set internal vulnerability scanning system to scan the business systems automatically, and enhance system security mechanism.
(16) Proceed with information safety propagation and education per year.
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VI. Labor-Management Relations
(I) Current important employees’ interest, Labor-Management Agreement and the status of execution:
1. Staff fringe benefits
(1) Provide labor insurance, national health insurance, and group accident insurance.
(2) Staff bonus and Free-Gratis Dividends.
(3) Scholarships for the children of Staffs.
(4) Gifts for Spring Festival and Mid-Autumn Festival, subsidies for marriage, funeral and other celebrities, funds for travels, and staff birthdays.
(5) Periodic health inspection.
(6) Employee shareholding trust
2. Retirement system:
(1) Pension will be disbursed to employees under the Retirement Regulation of the Bank.
(2) The Bank contributed to the employee pension fund under the Statute for Labor Retirement.
(3) Traveling expenses, birthday celebration subsidy and gifts for employees about to retire.
3. Other important benefits:
(1) At the end of the year, the unconsumed special leave of the employees that is less than 1/3 of the total days of the special leave in the current year will be compensated with salary paid in the following year.
(2) In 2015, 85 banking staff in 3 tiers were dispatched to Zhengzhou in China for training.
(3) Rules for Reward & Compensation for the Acquisition of License and Certificate by Staff.
4. Labor-management agreement: None
5. Employees’ interest and right protection assessments: (1) Personnel Review Committee’s functions: Review of in-service staff’s promotion
and performance appraisal guidelines, review of in-service staff’s promotion and performance appraisal cases, and review of employees reward and punishment, review of applications, staff appraisal or reconsideration of the assessment, and other review related matters.
(2) The scope of labor-management meeting agenda: Development of labors, business plan and overview of business, mediation of labor-management relations, promotion of labor-management cooperation, labor terms and conditions, labor benefits planning, and enhancement of working efficiency.
(II) Labor-management dispute: None.
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VII. No loss or compensation for the time being
Major Agreements Nature of Agreement Contracting Parties Term of Agreement Limitation
Article
Maintenance agreement
NEC Taiwan Ltd. 2015.2.1-2018.12.31 Mainframe alternate site backup system maintenance program
None
Maintenance agreement
IBM 2015.4.10-2017.4.9 Data warehouse development and testing maintenance
None
Maintenance agreement
NEC Taiwan Ltd. 2016.1.1-2016.12.31 Foreign exchange mainframe system update maintenance
None
Labor service procurement
contracts
Towerway Architects & Associates
2016.1.05- Construction completed
Appointment of supervision and technical design services for the construction of the corporate headquarters new building
None
Construction contract
EARTH POWER Construction
Co., Ltd. 2015.9.16-2016.3.31
Works for the exterior walls of building a Minchuan Road
None
Service agreement Goyun Security Co., Ltd. 2015.7.1-2017.6.30 Security guards at corporate headquarters
None
Service agreement Goyun Security Co., Ltd. 2015.9.1-2017.8.31 Security guards at the banking locations
None
Service agreement Leebao Security Co., Ltd. 2014.6.1-2017.5.31 Outsourced fund delivery None
Service agreement Leebao Security Co., Ltd.
Anfeng Enterprise Co., Ltd. 2016.3.4-2018.3.3
ATM cash loading and problem elimination service
None
Service agreement Transnational Group of Companies
2014.6.21-2016.6.20 Outsourced financial instruments and documents courier service
None
VIII. Securitized products and related information: None.
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78
Six. Financial Status
I. The consolidated balance sheet and comprehensive income statement within the last five years - International Financial Reporting Standards (IFRS)
Brief Balance Sheet (Consolidated) Unit: NTD thousand
Year Item
Financial information from the past years Financial data of the year up to February
29, 2016 2012 2013 2014 2015
Cash and cash equivalent, Due from Central Bank and lend to Banks
77,067,387 81,087,462 91,867,062 96,325,425 106,977,171
Financial assets at fair value through profit and loss
6,545,279 12,195,016 13,011,606 31,693,725 25,893,099
Available-for-Sale Financial Assets 18,519,719 19,197,158 20,711,997 23,770,062 29,888,400 Bonds and securities sold under repurchase agreements
- 4,550,801 1,545,361 6,994,022 4,595,683
Receivable, net 3,910,270 6,485,651 8,118,751 6,653,345 7,472,032 Current income tax asset 57,466 57,372 1,021 5,895 1,126 Notes discounted and loans – net 324,029,419 362,916,674 384,382,280 391,083,582 392,951,382 Held-to-maturity financial assets 8,782,945 3,340,584 1,418,003 5,559,399 6,643,448 Investment by equity method - net 132,769 142,654 140,282 136,612 126,786 Restricted assets 24,122 164,290 341,093 535,475 422,050 Other financial assets – net 905,934 1,158,259 1,206,142 1,090,841 1,143,102 Property, plant, and equipment – net 3,445,166 3,416,335 5,103,786 9,271,750 9,317,040 Intangible assets – net 64,696 97,380 143,759 183,995 176,108 Deferred tax assets – net 308,454 391,478 579,650 759,682 725,395 Other assets 1,147,646 1,011,621 1,479,607 1,566,905 1,689,364 Total assets 444,941,272 496,212,735 530,050,400 575,630,715 588,022,186 Due to Central Bank of China and banks 5,151,548 8,341,508 10,697,387 3,864,104 7,903,534 Funds borrowed from Central Bank and other banks
2,414,205 4,968,239 3,499,960 3,132,454 3,132,460
Financial liabilities at fair value through profit and loss
91,591 74,800 133,360 179,557 237,404
Bills and bonds sold under repurchase agreements
264,045 358,769 273,573 273,312 1,663,312
Payables 9,148,347 4,420,341 7,363,659 5,181,226 9,339,978 Current Tax Liability 274,962 292,018 218,945 386,746 453,544 Customer deposits and remittances 385,510,895 429,704,469 455,966,124 504,863,979 507,083,372 Financial bonds payable 13,548,277 16,042,869 14,400,000 15,900,000 15,700,000 Other financial liabilities 17,208 111,741 340,296 279,014 419,310 Liability reserve 261,451 348,829 777,562 1,095,522 1,112,666 Deferred tax liabilities 111,021 111,021 111,021 111,021 111,021 Other liabilities 239,403 400,541 512,056 417,791 262,981
Total liabilities
Before Distribution
417,032,953 465,175,145 494,293,943 535,684,726 547,419,582
After Distribution
417,264,827 465,688,702 495,006,820 - -
Equity of the parent company Capital stock 23,187,442 25,345,339 28,515,063 31,840,027 31,840,027 Capital surplus 675,537 675,435 683,751 684,156 684,156
Retained earnings
Before Distribution
3,952,998 5,050,993 6,402,783 7,073,521 7,606,612
After Distribution
2,040,034 2,958,195 3,864,942 - -
Other equity 92,342 (34,177) 154,860 348,285 471,809
Total equity
Before Distribution
27,908,319 31,037,590 35,756,457 39,945,989 40,602,604
After Distribution
27,676,445 30,524,033 35,043,580 - -
Note 1: The financial information for the most recent years has been audited by accountant. Note 2: Current year financial information up to February 29, 2016 is prepared by us.
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79
Brief balance sheet (individual) Unit: NTD thousand
Year Item
Financial information from the past years Financial data of the year up to February
29, 2016 2012 2013 2014 2015
Cash and cash equivalent, Due from Central Bank and lend to Banks
76,652,227 80,856,904 91,009,735 95,411,081 106,108,508
Financial liabilities at fair value through profit and loss
6,545,279 12,057,223 12,989,306 31,527,246 25,657,071
Available-for-Sale Financial Assets 18,519,719 19,008,479 20,595,620 23,665,097 29,780,740 Bonds and securities sold under repurchase agreements
- 4,550,801 1,545,361 6,994,022 4,595,683
Receivable, net 2,899,507 2,769,426 3,206,796 2,656,553 3,073,897 Current income tax asset 56,589 56,589 - - - Notes discounted and loans – net 324,029,419 362,450,039 383,570,399 390,315,171 391,999,940 Held-to-maturity financial assets 8,782,945 3,340,584 1,418,003 5,559,399 6,643,448 Investment by equity method - net 1,301,748 2,694,057 4,106,028 4,324,242 4,350,603 Other financial assets – net 905,934 1,158,259 1,206,142 1,090,841 1,102,872 Property, plant, and equipment – net 3,440,175 3,371,423 5,050,610 9,208,471 9,256,859 Intangible assets – net 64,398 90,231 98,797 141,887 134,810 Deferred tax assets – net 308,454 421,461 565,541 732,369 695,283 Other assets 1,134,008 770,353 1,185,689 1,240,375 1,320,112 Total assets 444,640,402 493,595,829 526,548,027 572,866,754 584,719,826 Due to Central Bank of China and banks 5,151,548 8,341,508 10,697,387 3,864,104 7,903,534 Funds borrowed from Central Bank and other banks
1,887,600 2,086,000 - - -
Financial liabilities at fair value through profit and loss
91,591 74,800 133,360 179,557 237,404
Bills and bonds sold under repurchase agreements
264,045 358,769 273,573 273,312 1,663,312
Payables 9,059,246 3,964,393 6,775,222 4,367,328 8,358,811 Current Tax Liability 263,278 266,823 162,662 342,773 387,570 Customer deposits and remittances 385,862,841 430,698,048 457,207,953 506,546,470 508,406,406 Financial bonds payable 13,548,277 16,042,869 14,400,000 15,900,000 15,700,000 Other financial liabilities 17,208 7,605 1,620 369 306 Liability reserve 261,451 537,040 777,562 1,095,522 1,112,666 Deferred tax liabilities 111,021 111,021 111,021 111,021 111,021 Other liabilities 213,977 225,578 251,210 240,309 236,192
Total liabilities
Before Distribution
416,732,083 462,714,454 490,791,570 532,920,765 544,117,222
After Distribution
416,963,957 463,228,011 491,504,447 - -
Equity of the parent company Capital stock 23,187,442 25,345,339 28,515,063 31,840,027 31,840,027 Capital surplus 675,537 675,435 683,751 684,156 684,156
Retained earnings
Before Distribution
3,952,998 4,894,778 6,402,783 7,073,521 7,606,612
After Distribution
2,040,034 2,801,980 3,864,942 - -
Other equity 92,342 (34,177) 154,860 348,285 471,809
Total equity
Before Distribution
27,908,319 30,881,375 35,756,457 39,945,989 40,602,604
After Distribution
27,676,445 30,367,818 35,043,580 - -
Note 1: The financial information for the most recent years has been audited by accountant. Note 2: Current year financial information up to February 29, 2016 is prepared by us.
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80
Brief Income Statement (Consolidated) Unit: NTD thousands; Earnings Per Share: NTD
Year Item
Financial information from the past years Financial information in
2016 to February 29
2012 2013 2014 2015
Interest revenue 8,615,114 9,917,145 11,116,277 11,591,190 1,942,704 Less: interest expense 3,132,380 3,606,878 3,954,300 4,116,426 711,461 Net interest income 5,482,734 6,310,267 7,161,977 7,474,764 1,231,243 Net income other than interest income
1,572,073 2,953,985 3,553,022 2,627,977 311,458
Net revenue 7,054,807 9,264,252 10,714,999 10,102,741 1,542,701 Bad debt expense and guaranty reserve
(248,661) (1,864,173) (1,982,816) (744,283) (12,114)
Operating expenses (3,449,898) (3,863,100) (4,508,965) (5,221,901) (899,658) Income before taxation of continued operations
3,356,248 3,536,979 4,223,218 4,136,557 630,929
Income tax (expense) gain (552,078) (476,708) (484,893) (659,525) (97,837) Current year profit of continuing business units
2,804,170 3,060,271 3,738,325 3,477,032 533,092
Income from discontinued operations
- - - - -
Current year net profit (net loss) 2,804,170 3,060,271 3,738,325 3,477,032 533,092 Current period other comprehensive income (net, after tax)
(36,786) (175,831) 51,515 (75,028) 123,524
Current period other comprehensive income (Gross)
2,767,384 2,884,440 3,789,840 3,402,004 656,616
Net profit attributable to parent company
2,804,170 3,060,271 3,738,325 3,477,032 533,092
Net profit attributable to non-controlling interest
- - - - -
Comprehensive income, gross, and net profit attributable to parent company
2,767,384 2,884,440 3,789,840 3,402,004 656,616
Comprehensive income, gross, attributable to non-controlling interest
- - - - -
Earnings per share 1.13 1.16 1.25 1.14 0.17 Note 1: The financial information for the most recent years has been audited by accountant. Note 2: Current year financial information up to February 29, 2016 is prepared by us. Note 3: Due to the Bank’s capital increase by recapitalization of earnings in 2011 to 2014, the 2012 to 2014 weighted average number of shares
outstanding and “earnings per share" is adjusted retrospectively.
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81
Brief Income Statement (Individual) Unit: NTD thousands; Earnings Per Share: NTD
Year Item
Financial information from the past years Financial information in
2016 to February 29
2012 2013 2014 2015
Interest revenue 8,595,438 9,748,834 10,790,389 11,250,261 1,894,477 Less: interest expense 3,133,655 3,577,160 3,890,334 4,044,283 699,165 Net interest income 5,461,783 6,171,674 6,900,055 7,205,978 1,195,312 Net income other than interest income
1,407,175 2,663,824 3,085,127 2,106,154 217,485
Net revenue 6,868,958 8,835,498 9,985,182 9,312,132 1,412,797 Bad debt expense and guaranty reserve
(238,244) (1,834,591) (1,889,937) (692,292) (3,472)
Operating expenses (3,294,891) (3,498,586) (3,937,408) (4,552,008) (779,929) Income before taxation of continued operations
3,335,823 3,502,321 4,157,837 4,067,832 629,396
Income tax (expense) gain (531,653) (442,050) (419,512) (590,800) (96,304) Current year profit of continuing business units
2,804,170 3,060,271 3,738,325 3,477,032 533,092
Income from discontinued operations
- - - - -
Current year net profit (net loss) 2,804,170 3,060,271 3,738,325 3,477,032 533,092 Current period other comprehensive income (net, after tax)
(36,786) (175,831) 51,515 (75,028) 123,524
Current period other comprehensive income (Gross)
2,767,384 2,884,440 3,789,840 3,402,004 656,616
Net profit attributable to parent company
- - - - -
Net profit attributable to non-controlling interest
- - - - -
Comprehensive income, gross, and net profit attributable to parent company
- - - - -
Comprehensive income, gross, attributable to non-controlling interest
- - - - -
Earnings per share 1.13 1.16 1.25 1.14 0.17 Note 1: The financial information for the most recent years has been audited by accountant. Note 2: Current year financial information up to February 29, 2016 is prepared by us. Note 3: Due to the Bank’s capital increase by recapitalization of earnings in 2011 to 2014, the 2011 to 2014 weighted average number of shares
outstanding and “earnings per share" is adjusted retrospectively.
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82
II. Balance Sheet and Income Statement from the most recent years – R.O.C. GAAP
Brief Balance Sheet (Consolidated) Unit: NTD thousand
Year Item
Financial information from the past years
2011 2012
Cash and cash equivalent, Due from Central Bank and lend to Banks
82,617,629 77,017,387
Financial assets at fair value through profit and loss 1,096,769 6,545,279
Available-for-Sale Financial Assets 4,211,580 18,519,719
Discounts and loans 277,756,366 324,029,419
Accounts receivable 2,868,589 3,564,983
Held-to-maturity financial assets 9,439,040 8,782,945
Stocks- equity method 127,811 126,683
Assets held for sale 41,639 -
Fixed assets 3,339,207 3,349,941
Other financial assets 850,396 905,934
Other assets 1,894,542 1,830,648
Total assets 384,243,568 444,672,938
Due to Central Bank of China and banks 3,439,998 5,151,548
Customer deposits and remittances 333,691,650 385,510,895
Financial liabilities at fair value through profit or loss 51,804 91,591
Bills and bonds sold under repurchase agreements - 264,045
Funds borrowed from Central Bank and other banks, Financial bonds payable
13,390,109 15,962,482
Payables 7,721,427 8,997,553
Accruable pension liabilities 136,764 223,704
Other financial liabilities 22,521 17,208
Other liabilities 328,241 372,812
Total liabilities
Before Distribution
358,782,514 416,591,838
After Distribution
358,894,207 416,823,712
Capital stock
Before Distribution
22,338,576 23,187,442
After Distribution
23,187,442 24,868,532
Capital surplus 675,537 675,537
Retained earnings
Before Distribution
2,212,377 4,029,776
After Distribution
1,251,818 2,116,812
Unrealized revaluation increment 283,744 283,744
Unrealized gains on financial instruments 10,960 91,865
Cumulative translation adjustments - 477
Other shareholders’ equity (60,140) (187,741)
Total shareholders’ equity
Before Distribution
25,461,054 28,081,100
After Distribution
25,349,361 27,849,226
Note: The financial information for the most recent years has been audited by accountant.
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83
Brief balance sheet (individual) Unit: NTD thousand
Year Item
Financial information from the past years
2011 2012
Cash and cash equivalent, Due from Central Bank and lend to Banks
82,617,614 76,602,227
Financial assets at fair value through profit and loss 1,096,769 6,545,279
Available-for-Sale Financial Assets 4,211,580 18,519,719
Discounts and loans 277,756,366 324,029,419
Accounts receivable 2,888,283 2,553,343
Held-to-maturity financial assets 9,439,040 8,782,945
Stocks- equity method 216,970 1,295,662
Assets held for sale 41,639 -
Fixed assets 3,335,981 3,325,763
Other financial assets 850,396 905,934
Other assets 1,892,043 1,811,777
Total assets 384,346,681 444,372,068
Due to Central Bank of China and banks 3,439,998 5,151,548
Customer deposits and remittances 333,832,631 385,862,841
Financial liabilities at fair value through profit or loss 51,804 91,591
Bills and bonds sold under repurchase agreements - 264,045
Funds borrowed from Central Bank and other banks, Financial bonds payable
13,390,109 15,435,877
Payables 7,683,501 8,896,768
Accruable pension liabilities 136,764 223,704
Other financial liabilities 22,521 17,208
Other liabilities 328,299 347,386
Total liabilities
Before Distribution
358,885,627 416,290,968
After Distribution
358,997,320 416,522,842
Capital stock
Before Distribution
22,338,576 23,187,442
After Distribution
23,187,442 24,868,532
Capital surplus 675,537 675,537
Retained earnings
Before Distribution
2,212,377 4,029,776
After Distribution
1,251,818 2,116,812
Unrealized revaluation increment 283,744 283,744
Unrealized gains on financial instruments 10,960 91,865
Cumulative translation adjustments - 477
Other shareholders’ equity (60,140) (187,741)
Total shareholders’ equity
Before Distribution
25,461,054 28,081,100
After Distribution
25,349,361 27,849,226
Note: The financial information for the most recent years has been audited by accountant.
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84
Brief Income Statement (Consolidated) Unit: NTD thousands; Earnings Per Share: NTD
Year Item
Financial information from the past years
2011 2012
Net interest income 4,943,924 5,480,061
Net income other than interest income 835,828 1,559,615
Bad debt expenses (664,948) (248,661)
Operating expenses (3,181,517) (3,466,328)
Income before tax from continuing operations 1,933,287 3,324,687
Income after taxation of continued operations 1,454,000 2,777,958
Profit and loss from discontinued operations (after tax) - -
Extraordinary profit and loss (after tax) - -
Cumulative effect of change in accounting principle (after tax) - -
Net income 1,454,000 2,777,958
Earnings per share 0.76 1.2
Note 1: The financial information for the most recent years has been audited by accountant. Note 2: The Board session in July 7, 2011 resolved to raise capital of NTD 450 million by issuing new shares for pooling up equity
capital. In consideration of the capitalization of retained earnings in 2011, the weighted average outstanding shares and the EPS shall be subject to retroactive adjustment.
Brief income statement (individual)
Unit: NTD thousands; Earnings Per Share: NTD
Year Item
Financial information from the past years
2011 2012
Net interest income 4,943,296 5,459,110
Net income other than interest income 769,561 1,394,607
Bad debt expenses (664,948) (238,244)
Operating expenses (3,133,733) (3,311,211)
Income before tax from continuing operations 1,914,176 3,304,262
Income after taxation of continued operations 1,454,000 2,777,958
Profit and loss from discontinued operations (after tax) - -
Extraordinary profit and loss (after tax) - -
Cumulative effect of change in accounting principle (after tax)
- -
Net income 1,454,000 2,777,958
Earnings per share 0.76 1.20
Note 1: The financial information for the most recent years has been audited by accountant. Note 2: The Board session in July 7, 2011 resolved to raise capital of NTD 450 million by issuing new shares for pooling up equity
capital. In consideration of the capitalization of retained earnings in 2011, the weighted average outstanding shares and the EPS shall be subject to retroactive adjustment.
The names of CPA conducting financial audits in the most recent five years and their audit opinions
Year Audit
2011 2012 2013 2014 2015
Deloitte & Touche Wen-Ya Hsu
Tzu-Chun Wang Wen-Ya Hsu
Tzu-Chun Wang Min-Shen Yang Tzu-Chun Wang
Min-Shen Yang Kuan-Chung Lai
Wen-Ya Hsu Kuan-Chung Lai
Audit opinions
Modified unqualified
opinions (Note 1)
Modified unqualified
opinions (Note 1)
Standard unqualified
opinion
Standard unqualified
opinion
Modified unqualified
opinions (Note 2)
Note 1: The CPA audited the equity investment of Reliance Securities Investment Trust Co., Ltd. and Taichung Bank Leasing Co., Ltd. under equity method in the financial statements 2011 to 2012 based on the audit report issued by the other CPA, and the modified unqualified opinions were issued therefore.
Note 2: The Bank started to apply the amended Criteria for the Compilation of Financial Statements by Public Banks, which came into effect in 2015. Due to the retroactive adjustment of the financial statements compiled before the application of the new criteria and the items under influence, modified unqualified opinion was given.
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85
III. Financial Analysis for the most recent five years
Financial Analysis - International Financial Reporting Standards (consolidated)
Year Analytical items
Financial Analysis for the most 4 years
2012 2013 2014 2015
Operating ability
Loans to deposits ratio (%) 84.90 85.47 85.49 78.69
NPL ratio (%) 0.37 0.58 0.34 0.33
Interest expenses to annual average deposit ratio (%)
0.87 0.88 0.89 0.86
Interest income to annual average loan ratio (%)
2.77 2.78 2.85 2.86
Total assets turnover (times) 0.02 0.02 0.02 0.02
Average operation revenue per employee (thousand)
3,361 4,171 4,513 4,041
Employee average profit rate (thousand) 1,336 1,378 1,575 1,391
Profitability
Return on Tier I Capital (%) 13.07 12.31 12.85 11.11
ROA (%) 0.68 0.65 0.73 0.63
ROE (%) 10.55 10.38 11.22 9.19
Net profit rate (%) 39.75 33.03 34.89 34.42
Earnings per share (NTD) 0.99 1.09 1.25 1.14
Financial structure
Liabilities to total assets ratio (%) 93.67 93.67 93.11 92.87
Ratio of real estate and equipment to equity (%)
12.34 11.01 14.27 23.21
Growth rate Asset Growth Rate (%) 15.79 11.52 6.81 8.6
Profit Growth Rate (%) 73.60 5.38 19.40 (2.05)
Cash flows
Cash flow ratio (%) 63.00 - 39.76 151.10
Cash flow adequacy ratio (%) 1,331.29 1,021.91 693.72 460.70
Cash flow for operating to cash flow from investing ratio (%)
(66.40) - (1,341.35) (157.17)
Liquidity Reserve Ratio (%) 19.74 20.76 20.3 25.25
Related party secured loans (NTD thousand) 1,869,324 1,596,200 1,662,958 1,711,302
Related party secured loans to total loan ratio (%) 0.56 0.42 0.41 0.42
Operating Scale
Asset market share (%) 0.94 0.97 0.95 0.99
Market share of net worth (%) 0.99 1.02 1.06 1.10
Market share of deposits (%) 1.18 1.25 1.25 1.30
Market share of loans (%) 1.51 1.64 1.66 1.64
Explanation for the reason of changes in financial ratios exceeding 20% in the past two years: 1. The ratio of real properties and equipment to equity increased from the level of FY2014: mainly because the net value of real properties and
equipment in FY2015 increased by NTD 4.168 billion as compared with the same period of FY2014. 2. Asset growth rate rose from the level of FY2014: mainly because the total assets in FY2015 increased by NTD 45.580 billion as compared with
the same period of FY2014. However, total assets in FY2014 indicated growth of NTD 33.806 billion from the same period of FY2013. 3. Profitability growth fell from the level of FY1014: mainly because the earnings before taxation in FY2015 decreased by NTD 87 million from
the same period of FY2014, while the earnings before taxation in FY2014 increased by NTD 686 million from the same period of FY2013. 4. Cash flow ratio increased from 2014: mainly due to the increase of net cash flow from operation amounting to NTD 9.379 billion from NTD
8.371 billion in 2014 to NTD 17.750 billion in 2015. 5. Cash flow adequacy ratio fell from the level of FY2014: mainly because the capital expenditures in FY2015 and the previous 5 years increased
by NTD 4.277 billion from the same period FY2014 and the previous 5 years. 6. Cash flow adequacy ratio increased from 2014: this is because the net cash flow from investment in 2015 amounted to NTD (11.294 billion),
which showed an increase of NTD 10.67 billion from NTD (624 million) in 2014, with the increase of net cash flow from operation amounting to NTD 9.379 billion.
7. Liquidity reserve ratio increased from 2014: this is because the net amount of commercial paper under the actual liquidity reserve in 2015 increased by NTD 24.171 billion from the same period of 2014, and the basis for provision of liquidity reserve increased by NTD 35.442 from 2014.
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86
Financial Analysis - ROC Financial Accounting Standards (consolidated)
Year Analytical items
Financial Analysis for the most recent three years
2011 2012
Operating ability
Loans to deposits ratio (%) 84.12 84.90
NPL ratio (%) 0.30 0.37
Interest expenses to annual average deposit ratio (%) 0.78 0.88
Interest income to annual average loan ratio (%) 2.76 2.78
Total assets turnover (%) 0.02 0.02
Average operation revenue per employee (thousand) 2,888 3,354
Employee average profit rate (thousand) 727 1,323
Profitability
Return on Tier I Capital (%) 9.01 12.95
ROA (%) 0.40 0.67
ROE (%) 6.48 10.38
Net profit rate (%) 25.16 39.46
Earnings per share (NTD) 0.76 1.20
Financial structure
Liabilities to total assets ratio (%) 93.37 93.68
Fixed assets to shareholders’ equity ratio (%) 13.11 11.93
Growth rate Asset Growth Rate (%) 12.93 15.73
Profit Growth Rate (%) 120.70 71.97
Cash flows
Cash flow ratio (%) 57.56 -
Cash flow adequacy ratio (%) 756.53 648.27
Cash flow for operating to cash flow from investing ratio (%) (16.32) -
Liquidity Reserve Ratio (%) 19.63 19.74
Related party secured loans (NTD thousand) 1,377,605 1,869,324
Related party secured loans to total loan ratio (%) 0.48 0.56
Operating Scale
Asset market share (%) 0.84 0.94
Market share of net worth (%) 0.98 1.00
Market share of deposits (%) 1.06 1.18
Market share of loans (%) 1.34 1.51
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87
Financial Analysis - International Financial Reporting Standards (individual)
Year Analytical items
Financial Analysis for the most 4 years
2012 2013 2014 2015
Operating ability
Loans to deposits ratio (%) 84.82 85.17 85.08 78.27
NPL ratio (%) 0.37 0.58 0.34 0.33
Interest expenses to annual average deposit ratio (%)
0.87 0.88 0.88 0.84
Interest income to annual average loan ratio (%)
2.77 2.74 2.77 2.78
Total assets turnover (times) 0.02 0.02 0.02 0.02
Average operation revenue per employee (thousand)
3,384 4,355 4,814 4,239
Employee average profit rate (thousand) 1,381 1,508 1,802 1,583
Profitability
Return on Tier I Capital (%) 13.15 12.60 13.30 11.38
ROA (%) 0.68 0.65 0.73 0.63
ROE (%) 10.55 10.38 11.22 9.19
Net profit rate (%) 40.82 34.64 37.44 37.34
Earnings per share (NTD) 0.99 1.09 1.25 1.14
Financial structure
Liabilities to total assets ratio (%) 93.66 93.64 93.06 92.84
Ratio of real estate and equipment to equity (%)
12.33 10.86 14.13 23.05
Growth rate Asset Growth Rate (%) 15.68 11.00 6.68 8.80
Profit Growth Rate (%) 74.27 4.99 18.72 (2.16)
Cash flows
Cash flow ratio (%) 73.43 - 58.28 229.85
Cash flow adequacy ratio (%) 1,402.89 1,404.64 877.02 528.45
Cash flow for operating to cash flow from investing ratio (%)
(69.34) - (575.47) (152.55)
Liquidity Reserve Ratio (%) 19.74 20.76 20.30 25.25
Related party secured loans (NTD thousand) 1,869,324 1,596,200 1,662,958 1,711,302
Related party secured loans to total loan ratio (%) 0.56 0.42 0.41 0.42
Operating Scale
Asset market share (%) 0.94 0.96 0.95 0.99
Market share of net worth (%) 0.99 1.02 1.06 1.10
Market share of deposits (%) 1.18 1.25 1.25 1.31
Market share of loans (%) 1.51 1.64 1.66 1.63
Explanation for the reason of changes in financial ratios exceeding 20% in the past two years: 1. The ratio of real property and equipment to total equity increased from 2014: mainly due to the increase of net real property and equipment in
2015 increased by NTD 4.158 billion from 2014. 2. Asset growth rate increased from 2014: mainly due to the total assets in 2015 increased by NTD 46.319 billion from 2014, but the total assets in
2014 showed an increase of NTD 32.952 billion from 2013. 3. Profitability growth rose from the level of FY1014: mainly because the earnings before taxation in FY2015 decreased by NTD 90 million from
the same period of FY2014, while the earnings before taxation in FY2014 increased by NTD 656 million from the same period of FY2013. 4. Cash flow ratio increased from 2014: mainly due to the increase of net cash flow from operation amounting to NTD 7.601 billion from
NT17.291 billion in 2014 to NTD 9.690 billion in 2015. 5. Cash flow adequacy ratio decreased from 2014: mainly due to the capital spending in 2015 and in the period of the last 5 years showed an
increase of NTD 4.247 billion from 2014 and the period of the last 5 years. 6. Cash flow adequacy ratio increased from 2014: this is because the net cash flow from investment in 2015 amounted to NTD (11.334 billion),
which showed an increase of NTD 9.650 billion from NTD (1,684 million) in 2014, with the increase of net cash flow from operation amounting to NT7.601 billion.
7. Liquidity reserve ratio increased from 2014: this is because the net amount of commercial paper under the actual liquidity reserve in 2015 increased by NTD 24.171 billion from the same period of 2014, and the basis for provision of liquidity reserve increased by NTD 35.442 from 2014.
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Financial analysis - ROC Financial Accounting Standards (individual)
Year Analytical items
Financial Analysis for the most recent three years
2011 2012
Operating ability
Loans to deposits ratio (%) 84.08 84.82
NPL ratio (%) 0.30 0.37
Interest expenses to annual average deposit ratio (%) 0.78 0.87
Interest income to annual average loan ratio (%) 2.76 2.77
Total assets turnover (%) 0.01 0.02
Average operation revenue per employee (thousand) 2,893 3,376
Employee average profit rate (thousand) 736 1,368
Profitability
Return on Tier I Capital (%) 8.95 13.03
ROA (%) 0.40 0.67
ROE (%) 6.48 10.38
Net profit rate (%) 25.45 40.53
Earnings per share (NTD) 0.76 1.20
Financial structure
Liabilities to total assets ratio (%) 93.37 93.67
Fixed assets to shareholders’ equity ratio (%) 13.10 11.84
Growth rate Asset Growth Rate (%) 12.89 15.62
Profit Growth Rate (%) 128.20 72.62
Cash flows
Cash flow ratio (%) 58.59 -
Cash flow adequacy ratio (%) 744.94 704.58
Cash flow for operating to cash flow from investing ratio (%) (16.56) -
Liquidity Reserve Ratio (%) 19.63 19.74
Related party secured loans (NTD thousand) 1,377,605 1,869,324
Related party secured loans to total loan ratio (%) 0.48 0.56
Operating Scale
Asset market share (%) 0.84 0.94
Market share of net worth (%) 0.98 1.00
Market share of deposits (%) 1.06 1.18
Market share of loans (%) 1.34 1.51
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Note 1: The financial information for the most recent five years and the consolidated financial information have been audited.
Note 2: Equations for financial analysis:
1. Operating ability
(1) Loans/deposits ratio = Total amount/total deposits
(2) NPL rate = Total non-performing loans/Total amount
(3) Interest expense to average annual deposit balance ratio = total interest expenses/average annual deposit balance
(4) Interest income to average annual loan balance ratio = total interest incomes/average annual loan balance
(5) Total assets turnover rate = Earnings/Average total assets
(6) Employee average return (Note 6) = Earning/Total Employee No.
(7) Employee average profit rate = Earnings/Total Employee No.
2. Profitability
(1) Return on Tier I Capital = EBT/Average total amount of Tier I capital. (2) ROA = Income after taxation/Average total assets.
(3) ROE = Income after taxation/Average net shareholders equity.
(4) Profit rate = Income after taxation/income-net
(5) Earnings Per Share = (earnings – dividends from preferred shares)/weighed average quantity of outstanding shares. (Note 4)
3. Financial structure
(1) Liabilities to total assets =Total liabilities/total assets.
(2) Fixed assets to net worth =net total assets/net shareholders’ equity. 4. Growth rate
(1) Asset growth rate = (Total assets of current year – total assets of previous year)/total assets of previous year.
(2) Profit growth rate = (EBT of current year – EBT of previous year)/EBT of previous year.
5. Cash flow (Note 7)
(1) Cash flow ratio= net cash flow from operation /(Call loans and overdraft from banks + payable CP + financial liabilities which change in fair value is recognized as gain (loss) + R/P and bond liabilities + current portion of payables).
(2) Net cash flow adequacy rate= net cash flow from operation in the last 5 years/ (capital spending + Cash Dividends) in the last 5 years.
(3) Cash flow satisfied rate = Cash flow from operation/ cash flow from investments.
6. Liquidity Reserve Ratio = Central Bank Required Current Assets/Allowance for liquidity of liabilities.
7. Operating Scale
(1) Asset market share rate = Total assets/Total assets of all financial institutions available for making deposits and loans) (Note 5)
(2) Net worth market share rate = Net worth/total net worth of all financial institutions available for making deposits and loans
(3) Deposit market share rate = Total deposits/Total deposits of all financial institutions available for making deposits and loans
(4) Loan market share rate = Total amount/Total amount of all financial institutions available for making deposits and loans
Note 3: Total liabilities net of reserve, allowance for loss from bill trade, allowance for default, and allowance for contingency.
Note 4: The following shall be considered in assessing the equation for EARNINGS PER SHARE as aforementioned:
1. Weighted average quantity of shares is on the basis of common stock, not the outstanding shares as of the end of the year.
2. The quantity of new shares for raising new capital or treasury stock trade shall be included in the weighted average quantity of shares during their effective term.
3. Where the shares may be issued through the capitalization of retained earnings or capital surplus, make adjustment in proportion to the quantity of shares issued in calculating the semi-annual or annual EARNINGS PER SHARE of the year. The period for the release of such new shares may be omitted.
4. If the preferred stock is non-convertible cumulative preferred stocks, dividend for the year (issued or not) shall be subtracted from earnings or added to earnings.
5. If the preferred stock is non-cumulative preferred stocks, dividend on the preferred stock shall be subtracted from earnings after income tax, if any. If there are no earnings after income tax, no adjustment shall be made.
Note 5: Financial institutions that can undertake deposits and withdrawals included domestic banks, branches of foreign banks in Taiwan, Credit Unions, Credit Departments of Farmers and Fishermen Associations, and investment trust firms.
Note 6: Return rate refers to the total of incomes from interests and other sources.
Note 7: Consider the followings in conducting cash flow analysis:
1. Net cash flow from operation refers to net cash inflow from operation as stated in the Statement of Cash Flow.
2. Capital spending refers to the cash outflow to annual capital investments. 3. Cash Dividends includes the dividends in cash paid to holders of common shares and preferred shares.
4. Gross fixed assets refer to total fixed assets before subtracting by accumulated depreciation.
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Capital Adequacy
Unit: NTD thousand
Year Analytical items
Consolidated capital adequacy ratio
2013 2014 2015
Self-ow
ned Capital
Common stock equity 30,473,315 35,259,138 39,168,173
Additional Tier 1 capital 0 0 1,418,736
Tier II Capital 11,507,948 9,847,617 8,910,027
Total Self-owned Capital 41,981,263 45,106,755 49,496,936
Risk-w
eighted assets
Credit Risk
Standardised Approach 335,983,142 368,631,467 392,678,002
Internal Ratings-Based Approach
- - -
Asset Securitization - - -
Operational Risk
Basic Indicator Approach
11,659,675 13,340,988 15,742,475
Standardised Approach/Alternative standardised Approach
- - -
Advanced Measurement Approach
- - -
Market Risk
Standardised Approach 4,724,850 5,442,150 6,018,175
Internal Models Approach
- - -
Total risk-weighted assets 387,414,605 414,438,652
Capital adequacy ratio 11.91% 11.64% 11.94%
Weighted Tier I capital to risk assets ratio
8.65% 9.10% 9.79%
Common stock equity to risk weighted assets ratio
8.65% 9.10% 9.45%
Leverage ratio - - 6.66%
Explain the changes of capital adequacy ratio in the last 2 years. (Causal analysis is not necessary for the change below 20%.)
Causal analysis is not necessary for the change below 20%.
Note:
1. The aforementioned 3 fiscal years have been reviewed by certified public accountants with the issuance or review reports.
2. The self-owned capital, risk assets, and total exposure in this table should be calculated according to the regulations in “Regulation on Bank Capital Adequacy and Capital Tiers” and “Clarification on Bank Equity Capital and Risk Capital Calculation Methods and Forms.”
3. The capital adequacy calculation formula is as follows: (1) Self-owned capital = Common stock equity + Additional Tier I capital + Tier II Capital. (2) Total risk-weighted assets = Credit risk-weighted assets + Capital charge of (operational risk + market risk)
x 12.5. (3) Capital Adequacy ratio = Total self-owned capital / Total risk-weighted assets. (4) Tier I capital to Risk Weighted Assets ratio= (Common stock equity + Additional Tier 1 capital / risk
weighted assets. (5) Common stock equity to risk weighted assets ratio = Common stock equity / risk weighted assets. (6) Leverage ratio = Tier I capital / Total risk exposure.
4. Disclosure of leverage ratio started from 2015.
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Unit: NTD thousand
Year Analytical items
Consolidated capital adequacy ratio
2011 2012
Self-ow
ned Capital
Tier I C
apital
Common stock 22,338,576 23,187,442
Perpetual non-cumulative preferred shares 0 0
Non-cumulative subordinated debt without maturity date 0 0
Capital collected in advance 0 0
Capital reserves (except the value appreciation of fixed assets) 675,537 675,537
Legal reserve 723,937 1,160,137
Special reserve 32,599 83,647
Accumulated profit or loss 1,455,841 2,785,992
Minority equity 0 0
Other shareholders’ equity (65,005) (187,505)
Less: goodwill 0 0
Less: unamortized loss from sale of NPL 0 0
Less: capital deductions 797,919 715,888
Total Tier I capital 24,363,566 26,989,362
Tier II C
apital
Perpetual cumulative preferred shares 0 0
Cumulative subordinated debt without maturity date 0 0
Fixed asset revaluation increment surplus (including appreciations) 283,744 283,744
45% of unrealized gain on available-for-sale financial 4,492 32,409
Convertible Bonds 0 0
Operating reserve and provisions for bad debts 0 0
Long-term subordinated bond 5,500,000 6,840,000
Non-perpetual preferred stock 0 0
The sum of Perpetual non-cumulative preferred stocks and non-cumulative subordinated debt without maturity date exceeding 15% of total Tier I Capital
0 0
Less: capital deductions 496,989 495,997
Total Tier II capital 5,291,247 6,660,156
Tier III
Capital
Short-term subordinated bond 0 0
Non-perpetual preferred stock 0 0
Total Tier III capital 0 0
Self-owned Capital 29,654,813 33,649,518
Risk-w
eighted assets Credit Risk
Standardised Approach 244,284,117 298,765,919
Internal Ratings-Based Approach - -
Asset Securitization - -
Operational Risk
Basic Indicator Approach 9,340,762 9,686,638
Standardised Approach/Alternative standardised Approach - -
Advanced Measurement Approach - -
Market Risk Standardised Approach 782,175 1,481,200
Internal Models Approach - -
Total risk-weighted assets 254,407,054 309,933,757
Capital adequacy ratio 11.66% 10.86%
Tier I capital to risk weighted assets ratio 9.58% 8.71%
Tier II capital to risk weighted assets ratio 2.08% 2.15%
Tier III capital to risk weighted assets ratio 0% 0%
Common stock to total assets ratio 5.81% 5.21%
Note 1: The aforementioned 2 fiscal years have been reviewed by certified public accountants with the issuance or review reports. Note 2: The Shares and dividends and the amount of weighed average risk assets shall be filled in as required in “Regulation for Banks in the Management of Capital
Adequacy”, and “Explanation and Forms for the Calculation of Shares and dividends and Risk Assets by Banks”. Note 3: The capital adequacy calculation formula is as follows:
1. Self-owned Capital = Tier I Capital + Tier II Capital + Tier III Capital. 2. Total risk-weighted assets = Credit risk-weighted assets + Capital charge of (operational risk + market risk) x 12.5. 3. Capital Adequacy ratio = Total self-owned capital / Total risk-weighted assets. 4. Tier I capital to risk weighted assets ratio = Tier I Capital / Total risk-weighted asset. 5. Tier II capital to risk weighted assets ratio = Tier II Capital / Total risk-weighted asset. 6. Tier III capital to risk weighted assets ratio = Tier III Capital / Total risk-weighted asset. 7. Common stock to total assets = Common stock/ Total assets.
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Individual Capital Adequacy
Unit: NTD thousand
Year Analytical items
Individual Capital Adequacy ratio
2013 2014 2015
Self-ow
ned Capital
Common stock equity 29,204,762 33,321,226 38,163,374
Additional Tier 1 capital 0 0 371,829
Tier II Capital 10,232,246 7,794,370 6,750,442
Total Self-owned Capital 39,437,008 41,115,596 45,285,645
Risk-w
eighted assets
Credit Risk
Standardised Approach 331,126,416 361,365,256 385,991,245
Internal Ratings-Based Approach
- - -
Asset Securitization - - -
Operational Risk
Basic Indicator Approach 11,464,900 12,915,750 14,902,738
Standardised Approach/Alternative standardised Approach
- - -
Advanced Measurement Approach
- - -
Market Risk
Standardised Approach 4,311,475 5,045,538 5,383,488
Internal Models Approach - - -
Total risk-weighted assets 379,326,544 406,277,471
Capital adequacy ratio 11.37% 10.84% 11.15%
Tier I capital to risk weighted assets ratio 8.42% 8.78% 9.49%
Common stock equity to risk weighted assets ratio
8.42% 8.78% 9.39%
Leverage ratio - - 6.37%
Explain the changes of capital adequacy ratio in the last 2 years. (Causal analysis is not necessary for the change below 20%.) Causal analysis is not necessary for the change below 20%.
Note: 1. The aforementioned 3 fiscal years have been reviewed by certified public accountants with the issuance or
review reports. 2. The self-owned capital, risk assets, and total exposure in this table should be calculated according to the
regulations in “Regulation on Bank Capital Adequacy and Capital Tiers” and “Clarification on Bank Equity Capital and Risk Capital Calculation Methods and Forms.”
3. The capital adequacy calculation formula is as follows: (1) Self-owned capital = Common stock equity + Additional Tier I capital + Tier II Capital. (2) Total risk-weighted assets = Credit risk-weighted assets + Capital charge of (operational risk + market risk)
x 12.5. (3) Capital Adequacy ratio = Total self-owned capital / Total amount risk-weighted assets. (4) Tier I capital to Risk Weighted Assets ratio = (Common stock equity + Additional Tier 1 capital/risk
weighted assets. (5) Common stock equity to risk-weighted assets ratio = Common stock equity / Total risk weighted assets. (6) Leverage ratio = Tier I capital / Total risk exposure.
4. Disclosure of leverage ratio started from 2015.
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Unit: NTD thousand
Year Analytical items
Capital adequacy ratio in 2011~2012
2011 2012
Self-ow
ned Capital
Tier I C
apital
Common stock 22,338,576 23,187,442
Perpetual non-cumulative preferred shares 0 0
Non-cumulative subordinated debt without maturity date 0 0
Capital collected in advance 0 0
Capital reserves (except the value appreciation of fixed assets) 675,537 675,537
Legal reserve 723,937 1,160,137
Special reserve 32,599 83,647
Accumulated profit or loss 1,455,841 2,785,992
Minority equity 0 0
Other shareholders’ equity (65,005) (187,505)
Less: goodwill 0 0
Less: unamortized loss from sale of NPL 0 0
Less: capital deductions 842,498 1,300,377
Total Tier I capital 24,318,987 26,404,873
Tier II C
apital
Perpetual cumulative preferred shares 0 0
Cumulative subordinated debt without maturity date 0 0
Fixed asset revaluation increment surplus (including appreciations) 283,744 283,744
45% of unrealized gain on available-for-sale financial 4,492 32,409
Convertible Bonds 0 0
Operating reserve and provisions for bad debts 0 0
Long-term subordinated bond 5,500,000 6,840,000
Non-perpetual preferred stock 0 0
The sum of Perpetual non-cumulative preferred stocks and non-cumulative subordinated debt without maturity date exceeding 15% of total Tier I Capital
0 0
Less: capital deductions 541,568 1,080,486
Total Tier II capital 5,246,668 6,075,667
Tier III
Capital
Short-term subordinated bond 0 0
Non-perpetual preferred stock 0 0
Total Tier III capital 0 0
Total Self-owned Capital 29,565,655 32,480,540
Risk-w
eighted assets
Credit Risk
Standardised Approach 244,298,087 297,177,443
Internal Ratings-Based Approach - -
Asset Securitization - -
Operational Risk
Basic Indicator Approach 9,243,025 9,572,388
Standaridised Approach/Alternative Standardised Approach - -
Advanced Measurement Approach - -
Market Risk Standardized Approach 782,175 1,481,200
Internal Models Approach - -
Total risk-weighted assets 254,323,287 308,231,031
Capital adequacy ratio 11.63% 10.54%
Tier I capital to risk weighted assets ratio 9.56% 8.57%
Proportion of Tier II capital to risk weighted assets ratio 2.07% 1.97%
Proportion of Tier III capital to risk weighted assets ratio 0% 0%
Common stock to total assets ratio 5.81% 5.22%
Note 1: The aforementioned 2 fiscal years have been reviewed by certified public accountants with the issuance or review reports. Note 2: The Shares and dividends and the amount of weighed average risk assets shall be filled in as required in “Regulation for Banks in the Management of Capital
Adequacy”, and “Explanation and Forms for the Calculation of Shares and dividends and Risk Assets by Banks”. Note 3: The capital adequacy calculation formula is as follows:
1. Self-owned Capital = Tier I Capital + Tier II Capital + Tier III Capital. 2. Total risk-weighted assets = Credit risk-weighted assets + Capital charge of (operational risk + market risk) x 12.5. 3. Capital Adequacy ratio = Total self-owned capital / Total risk-weighted assets. 4. Tier I capital to risk weighted assets ratio = Tier I Capital / Total risk-weighted asset. 5. Tier II capital to risk weighted assets ratio = Tier II Capital / Total risk-weighted asset. 6. Tier III capital to risk weighted assets ratio = Tier III Capital / Total risk-weighted asset. 7. Common stock to total assets ratio = Common stock/ Total assets.
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IV. Audit Committee’ Review Report on the Financial Statement of 2015
Taichung Commercial Bank Co., Ltd.
Audit Committee’ Review Report The financial statements of individual entities of the Bank and the consolidated
financial statement of the Bank covering FY2015 were audited by Deloitte Taiwan with the issuance of Auditors’ Report. The audited financial statements and the report on operation and proposal for distribution of earnings have been audited by the Auditing Committee of the Banking and confirmed that they are fairly presented. Pursuant to Article 14-4 of the Securities and Exchange Act and Article 219 of the Company Act, we hereby present the aforementioned statements and reports for ratification.
To: 2016 Shareholders’ meeting, Taichung Commercial Bank Co. Ltd.
Audit Committee Independent director:
Hsi-Rong Huang
Independent director: Chen-Le Liu
Independent director: Jin-Yi Lee
March 8, 2016
V. Consolidated financial statements 2015: See Appendix 1.
VI. Financial statements 2015: See Appendix2.
VII. In the case of any insolvency of the Bank and its affiliates: None.
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Seven. Review and analysis of financial condition and results, and Risk management matters
I. Financial Analysis Unit: NTD thousand
Year Item
2015 2014 Variation
Amount %
Cash and cash equivalent, Due from Central Bank and lend to Banks
96,325,425 91,867,062 4,458,363 5
Financial assets at fair value through profit and loss 31,693,725 13,011,606 18,682,119 144
Bonds and securities sold under repurchase agreements 6,994,022 1,545,361 5,448,661 353
Receivable, net 6,653,345 8,118,751 (1,465,406) (18)
Current income tax asset 5,895 1,021 4,874 477
Notes discounted and loans – net 391,083,582 384,382,280 6,701,302 2
Available-for-Sale Financial Assets 23,770,062 20,711,997 3,058,065 15
Financial assets held to maturity 5,559,399 1,418,003 4,141,396 292
Stocks- equity method-net 136,612 140,282 (3,670) (3)
Restricted assets – net 535,475 341,093 194,382 57
Other financial assets – net 1,090,841 1,206,142 (115,301) (10)
Property, plant, and equipment – net 9,271,750 5,103,786 4,167,964 82
Intangible assets – net 183,995 143,759 40,236 28
Deferred tax assets – net 759,682 579,650 180,032 31
Other assets 1,566,905 1,479,607 87,298 6
Total assets 575,630,715 530,050,400 45,580,315 9
Due to Central Bank and other banks 3,864,104 10,697,387 (6,833,283) (64)
Funds borrowed from Central Bank and other banks 3,132,454 3,499,960 (367,506) (11)
Financial liabilities at fair value through profit and loss 179,557 133,360 46,197 35
Bills and bonds sold under repurchase agreements 273,312 273,573 (261) 0
Payables 5,181,226 7,363,659 (2,182,433) (30)
Current Tax Liability 386,746 218,945 167,801 77
Customer deposits and remittances 504,863,979 455,966,124 48,897,855 11
Financial bonds payable 15,900,000 14,400,000 1,500,000 10
Other financial liabilities 279,014 340,296 (61,282) (18)
Liability reserve 1,095,522 777,562 317,960 41
Deferred tax liabilities 111,021 111,021 0 0
Other liabilities 417,791 512,056 (94,265) (18)
Total liabilities 535,684,726 494,293,943 41,390,783 8
Capital stock 31,840,027 28,515,063 3,324,964 12
Capital surplus 684,156 683,751 405 0
Retained earnings 7,073,521 6,402,783 670,738 10
Other equity 348,285 154,860 193,425 125
Total equity 39,945,989 35,756,457 4,189,532 12
No significant change in assets, liabilities, and total shareholders’ equity in the last 2 years (significant change refers to difference of more than 20% in two consecutive periods and the amount of change exceeds NTD 10 million).
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II. Financial Performance Analysis Unit: NTD thousand
Item 2015 2014 Variation Variation Ratio
% Net interest income 7,474,764 7,161,977 312,787 4 Net income other than interest income 2,627,977 3,553,022 (925,045) (26) Bad debt expense and guaranty reserve (744,283) (1,982,816) (1,238,533) (62) Operating expenses (5,221,901) (4,508,965) 712,936 16 Income before tax from continuing operations
4,136,557 4,223,218 (86,661) (2)
Income after taxation of continued operations
3,477,032 3,738,325 (261,293) (7)
Net income 3,477,032 3,738,325 (261,293) (7) Earnings per share 1.14 1.25 (0.11) 9
Difference Analysis: (I) The decrease of non-interest net income was mainly caused by the decrease in the reversal of asset
impairment amounting to NTD 990 million under the recognition of reversal of impairment of bonds in foreign currencies amounting to NTD 983 million in the same period of the previous year.
(II) In 2015, bad debt expenses amounting to NTD 744 million has been recognized, which showed a decrease of NTD 1,239 million from the recognition of bad debt expenses of NTD 1,983 million in 2014. This was the result of the recovery of the retention amount of NTD 675 million under the Lai Cheng-ren case.
(III) The increase in operating expense was mainly caused by the increase of employee benefit amounting to NTD 359 million, the increase of VAT amounting to NTD 171 million.
III. Cash flow
(I) Analysis on liquidity in the most recent two years (Consolidated)
Year Item
2015 2014 Increase/
Decrease Ratio
Cash flow ratio (%) 151.10 39.76 111.34
Cash flow adequacy ratio (%) 460.70 693.72 (233.02)
Cash flow for operating to cash flow from investing ratio (%)
(157.17) (1,341.35) (1,184.18)
Analysis of variance in increase/decrease: 1. Cash flow ratio increased from 2014: mainly due to the increase of net cash flow from operation amounting to
NTD 9.379 billion from NTD 8.371 billion in 2014 to NTD 17.750 billion in 2015. 2. Cash flow adequacy ratio fell from the level of FY2014: mainly because the capital expenditures in FY2015 and
the previous 5 years increased by NTD 4.277 billion from the same period FY2014 and the previous 5 years. 3. Cash flow adequacy ratio increased from 2014: this is because the net cash flow from investment in 2015
amounted to NTD (11.294 billion), which showed an increase of NTD 10.67 billion from NTD (624 million) in 2014, with the increase of net cash flow from operation amounting to NTD 9.379 billion.
(Individual)
Year Item
2015 2014 Increase/
Decrease Ratio
Cash flow ratio (%) 229.85 58.28 171.57
Cash flow adequacy ratio (%) 528.45 877.02 (348.57)
Cash flow for operating to cash flow from investing ratio (%)
(152.55) (575.47) (422.92)
Analysis of variance in increase/decrease: 1. Cash flow ratio increased from 2014: mainly due to the increase of net cash flow from operation amounting to
NTD 7.601 billion from NTD 17.291 billion in 2014 to NTD 9.690 billion in 2015. 2. Cash flow adequacy ratio decreased from 2014: mainly due to the capital spending in 2015 and in the period of the
last 5 years showed an increase of NTD 4.247 billion from 2014 and the period of the last 5 years. 3. Cash flow adequacy ratio increased from 2014: this is because the net cash flow from investment in 2015
amounted to NTD (11.334 billion), which showed an increase of NTD 9.650 billion from NTD (1,684 million) in 2014, with the increase of net cash flow from operation amounting to NTD 7.601 billion.
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(II) Cash flow analysis for the next year
(Consolidated) Unit: NTD thousand
Beginning of year cash balance
Expected net operating cash
flow for the whole year
Expected net cash flow of investing
and financing activities for the
whole year
Cash surplus (deficit)
＋+
Remediation measures against expected cash flow deficit
Investment Wealth
management
10,199,598 9,110,066 (3,486,647) 15,823,017 - -
Analysis of variance in cash flows:
1. Operating activities: Expecting that the Bank will work hard to develop its business and upgrade the fund utilization effect in 2016. It is expected that earnings will be generated in the year to contribute to the net cash inflow from operating activities.
2. Investing activities: The investment under the available-for-sale financial assets, and held-to-maturity financial assets is expected to be increased, resulting in a net cash outflow from investing activities.
3. Financing: mainly because of the maturity of the outstanding subordinated bonds for redemption in 2016 with new cash outflow from financing. Net cash outflow from investment and financing all through the year.
(Individual)
Unit: NTD thousand
Beginning of year cash balance
Expected net operating cash
flow for the whole year
Expected net cash flow of investing
and financing activities for the
whole year
Cash surplus (deficit)++
Remediation measures against expected cash flow deficit
Investment Wealth
management
9,285,254 10,113411 (4,673,401) 14,725,264 - -
Analysis of variance in cash flows:
1. Operating activities: Expecting that the Bank will work hard to develop its business and upgrade the fund utilization effect in 2016. It is expected that earnings will be generated in the year to contribute to the net cash inflow from operating activities.
2. Investing activities: The investment under the available-for-sale financial assets, and held-to-maturity financial assets is expected to be increased, resulting in a net cash outflow from investing activities.
3. Financing: mainly because of the maturity of the outstanding subordinated bonds for redemption in 2016 with new cash outflow from financing. Net cash outflow from investment and financing all through the year.
(III) Corrective action against insufficient liquidity: N/A.
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IV. The material effect on financial structure from substantial capital expenditure in the last few years
(I) Major capital expenditure and funding sources
Unit: NTD thousand
Plans Actual and expected
funding source
Actual and expected
completion date
Actual and expected capital utilization
2014 2015 2016 2017
Purchase of land and outsourcing of design for the new corporate
headquarter building
Self-owned Capital
2015.2
Total 1,738,162
Total 4,098,262
Total 278,830
Total 47,555
Min-Chuan Server Room construction project
Self-owned Capital
2015.2
The update and expansion of the virtual server
Self-owned Capital
2015.4
Additional storage devices Self-owned
Capital 2015.6
Message encryption and decryption device and core
firewall
Self-owned Capital
2015.6
Update of the network security protection system
Self-owned Capital
2015.12
Microsoft Enterprise Licensing preferential project
Self-owned Capital
2016.3
The SFA system Self-owned
Capital 2016.12
The acquirer banking EMV chips and equipment update in credit
card operation
Self-owned Capital
2016.12
The update and expansion of cloud environment
Self-owned Capital
2016.8
Reinforcement of remote backup from alternate site
Self-owned Capital
2016.10
New teller terminal system Self-owned
Capital 2016.10
(II) Projected potential benefits
1. The purchase of land and outsourcing of design for the new corporate headquarters building: purchase land for the construction of the new corporate headquarters building as a symbolic, professional, benchmarking move for the vision of sustainability. This will be essential for the group enterprise to create a new corporate brand for another century. A professional technical service firm has been commissioned for the design of the new corporate headquarters building.
2. Min-Chuan Server Room construction project: expand the existing Min-Chuan Server Room for backup has become saturated. In response to future expansion needs, information security protection, information security certification, and green energy of the server room should be substantiated through the planning and construction project in order to minimize the energy consumption (air-conditioning and UPS) of the server room. Significantly reduce the operation and maintenance expense of the server room in conformity with ISO-27001 Information Security Certification requirements, and provide environmental monitoring and systematic maintenance and operation management.
3. The update and expansion of the virtual server: the introduction of different new systems for responding to the needs of the launch of different projects by the Bank, such as customer service system update, the mobile payment system, the module for interfacing with the cyber shopping malls, network operation and change management system, that dictate for the expansion of the virtual equipment resources. In consideration of the high performance and backup, testing and development needs in the formal environment that the expansion of fundamental resources will be
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necessary.
4. Additional storage devices: Currently there are two sets of storage devices to provide important storage service; however, there are many new systems (such as, network banking, customer service, collections, gold passbook, and other new systems), virtual environment expansion, information security enhancement requirements (Personal Information Protection Act), and internal i-cloud needs to be fulfilled but the existing storage space and speed is insufficient to meet demand; also, the outdated fiber optic switch is replaced. The said project expansion, in addition to provide adequate physical resources, will help strengthen the management, expansion, and reliability of i-cloud.
5. The message encryption equipment and the firewall at the center: the said renovation project will help enhance the stable operation and service of the servers at the Center and the centralized management is in conformity with ISO-27001 Derivative.
6. Upgrade of Internet security and protection system: According to certain statistical figures, security control equipment for web page content can effectively block improper web page traffic, and e-mail content security equipment can effectively screen out malicious software and junk mails. The Bank has successfully launched broadband management and the prevention of malicious software with sound result. From the launch of web page and e-mail security control equipment, the equipment has been subject to adjustment in its default value from the feedback of the users of the Bank, and has maintained a proper balance between the compatibility of programs, service efficiency optimization, and the prevention of online attack. As such, the Bank planned to upgrade the equipment specification and renew the warranty contract for another 3 years. Through the detection and behavioral analysis of the network packing, the intrusion prevention system helps to block the latest malicious software, real-time attack, BotNet, and DoS attack effectively.
7. Microsoft Enterprise Licensing preferential project: The FSC has made the protection of information a top priority due to the implementation of the Personal Information Protection Act to strengthen information security and computer management as an important project to the Bank (including e-mail server upgrade, information security and file protection, Microsoft AD directory service management enhancement, etc.). The Bank’s computers are mostly Microsoft products; therefore, Microsoft products are the main solution to have information security enhanced and personal data protected. Therefore, it is necessary to purchase the right to use for each personal computer. The EA purchase will help reduce the cost of software upgrade (the Bank had purchased the products without buying the upgrade service; therefore, a new purchase is necessary for any product upgrade) and lower the overall cost.
8. The SFA: integration of the mobile equipment and the application management of the information system of the Bank with the integration of wealth management platform by role and authority with suitable function available for the upgrading of active, instantaneous, and interactive marketing of products by the banking staff. This system helps the banking staff to develop potential business opportunities and actively present the products to the customers. Through the dialogue, the system provides timely support and assistance to upgrade the competitive power of the Bank, reinforce the performance of the banking staff in business promotion, and reduce the cost of development effectively.
9. Update the acquirer banking service EMV chip and equipment for credit card operation: in supporting the VMJ international and EMV chip of UnionPay acquirer service, the Bank updates its ATM software to avoid the liability of transactions with forged cards.
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10. The update and expansion of cloud environment:
(1) Addition of the mainframe server that supports the virtualization functions for replacement or upgrade the obsolete servers.
(2) Expand related software and hardware in supporting different business systems.
11. Reinforcement of remote backup from alternate site: reinforce the capacity of Banqiao depot in alternate backup.
12. New teller terminal system: introduce the new generation teller terminal.
V. Direct investment policy, the main reasons for profit or loss, and corrective action plan in the most recent year, and investment plan in the next year.
(I) Direct investment policy in the most recent year:
The Bank engaged in the internal to meet the business development demand for the purpose of establishing the complete financial product transaction platform and ensuring the Bank’s sustainable operation and business growth. The external direct investment made by the Bank complied with the Government’s financial and economic policies, and assessed the ideal investment objects to upgrade the service quality in the entire financial market.
(II) Root cause of investment gains or loss in the most recent year:
The Bank is used to adhering to the stable management philosophy. The performance of businesses invested by the Bank appears to be fair in risk control, business development and cooperative promotion of business. The entire performance appears to continue earning profit for the time being.
(III) Corrective action plan:
In addition to continuing enhancing the risk control and cooperative promotion of business in the invested companies, the Bank will carefully review the performance and business expansion.
(IV) Investment plan in the year ahead:
The Bank has no new investment plan in FY2016
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VI. Risk Management
(I) Qualitative and quantitative information about the various risks
1. Credit risk management system and capital requirement: Credit risk management system
2015
Item Contents
1. Credit risk strategies, objectives, policies and processes
1. Credit risk strategies and objectives: (1) Comply with The New Basel Capital Accord and upgrade the Bank’s risk management
ability. (2) Develop well-founded risk management mechanisms and execute them strictly. (3) Strengthen the loan asset portfolio quality, risk management information integration,
analysis, control and precautionary effect, and play the role of risk management. 2. Credit risk policies:
(1) Establish the business strategies and organizational culture valuing credit risk management and provide the qualitative and quantitative management method as the reference for enactment of business strategies.
(2) Establish the entire credit risk management system to be executed by the Bank’s Board, the management and employees jointly, and control the various business risks to the tolerable extent through identification, assessment, control and report of risks in the qualitative and quantitative management manner, so as to achieve the Bank’s credit risk objectives.
(3) Establish the effective method and control procedure to control the adequacy of the deposits/withdrawals to ensure the shareholders’ equity as the first priority.
3. Credit risk management process: Risk identification, risk assessment, risk control and risk report include:
(1) Define the credit risk management related regulations. (2) Establish credit risk SMEs Application Scorecard rating model. (3) Establish the control mechanism and define the limit for the various large-sum exposures. (4) Upgrade the entire asset quality and establish the proper management mechanism. (5) Continue developing and executing the stress tests for credit risks. (6) Review and report periodically.
2. Credit risk management organization and structure
1. Board of Directors: The supreme decision-making entity in credit risk management of the bank, and takes the ultimate responsibility for the Bank's credit risk management.
2. Risk Management Committee: Risk Management Committee takes charge of the Bank’s credit risk management mechanism, review of the credit risk regulations and the multi-departmental communication and coordination of credit risk management, and continuous supervision of the performance, according to the risk management policy authorized by the Board.
3. Loan Supervision Committee and Credit Review Committee of the business department: Review the credit extension applications in accordance with the credit extension policies, credit extension authorization rules and the relevant requirements.
4. Delinquent Accounts Review Committee: The Committee processes the delinquent accounts, receivables on demand and bad debt in accordance with the Rules for Establishment of Delinquent Accounts Review Committee, Rules for Allowance for Loss of Asset Evaluation and Collection of Delinquent Account, Receivable on Demand and Bad Debt, and the relevant requirements.
5. Risk Management Dept.: (1) Credit Risk Management Department is the Bank’s unit dedicated to the risk management,
responsible for planning, establishing and integrating the Bank’s credit risk management operation and executing the Bank’s entire credit risk management control.
(2) Be responsible for the study, design, or recommendation for revising the credit risk management policy and related regulations of the Bank, and report to relevant level of management or the Board for final approval.
(3) Summarize the Bank’s credit risk information periodically and report it to the Risk Management Committee and Board.
(4) Establish the Bank’s entire framework of assess, control and qualitative and quantitative management method.
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Item Contents 6. Business supervisory departments of head office:
Fully understand the credit risk of the underlying business according to the Bank’s risk management policies and norms in order to substantiate the risk management tasks and help the Risk Management Department complete risk monitoring of the Bank taking as a whole.
7. Regional centers and business units: (1) Comply with the Bank’s rules for credit investigation, credit extension and credit risk
management, fulfill the routine jobs and risk management, and report the risk to the various business supervisory departments.
(2) Routine work integrated with the risk control, and identify the accuracy and integrity of the operation information.
8. Auditing Office of the Board: Auditing Office of the Board will periodically audit the execution of the Bank’s credit risk management system impartially and independently, and provide the suggestions about corrective actions.
3. Scope and characteristics of credit risk report and measurement system
1. Scope and characteristics of credit risk report: (1) The Board’s report (Comprehensive risk report). (2) Risk Management Committee report (Comprehensive risk report). (3) Asset quality report. (4) Report for the individual limit in the various countries. (5) Stress test report.
2. Credit risk assessment system includes: (1) Capital requirement calculation platform information system. (2) Credit investigation and extension system. (3) Debt collection management system. (4) Credit review and precaution management system. (5) SMEs Application Scorecard System. (6) Country Risk Management System
4. Credit risk hedging or mitigation policies, and effective strategies and process for controlling risk hedging and mitigation tools
1. Establish the risk control mechanism to control the credit risk of individual credit extension and credit extension portfolio; the control mechanism includes the limit management, post-loaning management, collateral management and asset quality management.
2. Continue to enhance the credit account guarantee by demanding collaterals, guarantors, or transfer of SME credit guarantee fund in order to execute credit risk hedging or offset.
3. Cope with the domestic and foreign economic conditions and industrial development, control industrial risk and adjust the limit on the credit extension rate of the industry to disperse risk.
5. Approach for regulatory Capital Charge
Standardised Approach
Exposure and capital requirement under the credit risk standardised approach after risk mitigation
December 31, 2015 Unit: NTD thousand
Type of exposure Exposure after risk mitigation Capital requirement Sovereigns 1,558,909 0 Non-central government public sector entities (PSEs)
0 0
Banks (including multilateral development banks-MDBs)
17,873,253 769,486
Corporates (including securities and insurance companies)
195,953,777 14,873,246
Retail 180,876,303 12,048,566 Residential mortgage 46,117,002 2,123,971 Equity securities investments 29,000 9,280 Other assets 139,113,805 1,051,981
Total 581,522,049 30,876,530
2. Risk management system, exposure amount, and capital requirement of securitization: The Bank does not handle securitization business.
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3. Operational risk management system and capital requirement: Operational risk management system
2015
Item Contents
1. Operational risk management strategies and processes
1. Operational risk management strategies: By establishing and executing the sound operational risk management mechanism, the Bank manages the operational risk actively, generally evaluates the frequency and effect of the various potential risks in routines and management and takes the appropriate counter-assessments to avoid, transfer or write off, control and bear the risk to reduce the substantial loss and frequencies.
2. Operational risk management process: (1) Risk identification
The risk identification approaches include Loss Data Collection (LDC), Key Risk Indicators (KRIs), Risk and Control Self Assessment (RCSA), audit report and external loss event.
(2) Risk assessment and measurement Assess such factors as possibility and effect of the risks as identified. The loss events collected are classified in accordance with the 7 major categories of loss and 8 major categories of businesses defined by the competent authorities. Define the risk assessment matrix of different risk areas and risk values in accordance with the impact or severity of risk and the possibility of risk; classify risk as extremely high risk, high risk, moderate risk, and low risk for quantitative analysis.
(3) Risk control Control the operational risk events, KRIs and risk control exposure, quality of risk write-off and control actions, and the effect of other cases.
(4) Risk report Report the information about operational risk exposure to Risk Management Committee and the Board periodically.
2. Operational risk management organization and structure
The operational risk management organization includes the Board, Risk Management Committee, Risk Management Dept., the business management units, units of the Bank, all staff and Auditing Office of the Board. The authorities and responsibilities of the organizations are specified below: 1. Board of Directors
The Bank’s highest decision-making unit of operational risk management is responsible for the review and approval of operational risk management significant events.
2. Risk Management Committee Administer operational risk management mechanism, as well as review the operational risk of the Banks’ products, activities, procedures, and system and the operational risk management of the business units within the head office, and continue to monitor the execution and performance.
3. Risk Management Dept. Responsible for researching and drafting the Bank’s operational risk management policies and procedures, establishing and centrally managing the Bank’s operational risk loss database, collecting, summarizing and analyzing the information about loss, and reporting it to Risk Management Committee and the Board periodically.
4. Business management units of Head Office Understand the risks confronting the business administered by the Bank to its entirety. Institution of regulations for the management of different business operations including risk management. Proper supervision of the execution of the regulations and assistance to the Risk Management Department to monitor and control various risks.
5. Units of the Bank Comply with and implement the operational risk management rules, and report the risk events pursuant to the requirements.
6. Whole staff The whole staff shall be responsible for dealing with the operational risk jointly, and shall implement the operational risk management tasks within their functions.
7. Auditing Office of the Board Auditing Office of the Board shall conduct the audit independently, assess and audit the effectiveness of the Bank’s operational risk management structure and processes, and provide the suggestions for corrective action in a timely manner.
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3. Scope and characteristics of operational risk report and measurement system
When measuring the Operational risk, each unit of the Bank shall analyze the cause, consequence, frequency and effect thereof and conclude the degree of individual risk to verify the exposure of the Bank’s Operational risk. The Bank also made record of various exposures. By introducing the Operational risk identification, assessment and measurement, control and report management mechanism, the Bank establishes and centrally manages the database for the Bank’s Operational risk losses and summarizes the Operational risk information and implementation status, and submit the report and suggestions to Risk Management Committee and reporting them to the Board for approval.
4. Operational risk hedging or mitigation policies, and effective strategies and process for controlling risk hedging and mitigation tools
For intensifying the monitoring and control of operational risk, the Bank established Key Risk Indicators and Risk Control Self Assessments according to the four dimensions of operational risk, i.e. internal procedure, people, systems, and external events. In addition, the Bank will observe the changes in the said indicators, and can transfer or write off the loss and impact of incidents caused by operational risk through insurance and outsourcing in part or in whole for the effective reduction of loss deriving from operational risk.
5. Approach for regulatory Capital Charge
Basic Indicator Approach
Capital requirement for operational risk
December 31, 2015 Unit: NTD thousand
Year Gross profit Capital requirement
2013 8,009,146
2014 8,940,414
2015 9,237,065
Total 26,186,625 1,309,331
4. Market risk management system and capital requirement: Market risk management system
2015
Item Contents
1. Market risk management strategies and processes
1. The Bank’s market risk management strategy is to develop the sound and effective market risk management mechanism. The mechanism shall correspond to the Bank’s business scale, nature and complexity to ensure the proper management of the market risk to be borne by the Bank and seek the balance between the tolerable risk level and expect return level.
2. The Bank’s market risk management process covers the risk identification, evaluation, assessment, control and report. The contents thereof cover the market risk related to the Bank’s major traded products, trading activities, process and system.
(1) Risk identification: The Bank’s relevant units identified the source of market risk by means of business analysis or product analysis to define the market risk factors of the various financial products (the market risk factors were categorized as interest rate risk, foreign, equity securities price risk and commodity price risk) and the relevant requirements.
(2) Risk evaluation and assessment: Establish an effective valuation mechanism to evaluate the income of position precisely, and conduct the independent market price evaluation procedure with respect to the short-term investment position for which the reference market price is available. Establish the quantitative model step by step to assess the market risk in such manners as sensitivity analysis, VaR calculation, scenario drill and stress testing, and integrated with the routine risk management.
(3) Risk control: Define the relevant rules governing excess of limit, stop-loss mechanism and operating
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Item Contents procedure for excess of limit in order to control the market risk effectively.
(4) Risk report: Report to the Risk Management Committee and the Board on the status of overall market risk management of the Bank at regular intervals. In case of significant change in the market, related functional units shall report immediately to reduce market risk. Disclose the Bank’s market risk information to the public periodically pursuant to the competent authority’s requirements.
2. Market risk management organization and structure
The Bank’s market risk management organization and structure includes the Board, Risk Management Committee, Risk Management Dept., business supervisory units, business trading units and Auditing Office of the Board. The authorities and responsibilities of the organizations are specified below: 1. Board of Directors:
The Board is the supreme decision-making unit in market risk management of the bank, and takes the ultimate responsibility for the Bank's market risk management.
2. Risk Management Committee: Control the risk management mechanism according to the market risk management policies approved by the Board.
3. Risk Management Dept.: Risk Management Dept. is the unit dedicated to the Bank’s market risk management, responsible for consolidating and executing the Bank’s entire market risk management.
4. Business supervisory departments of head office: Business supervisory departments of head office are responsible for managing and supervising the necessary risk management tasks to be executed by business trading units and working with Risk Management Department to complete the control of the Bank’s risks. Meanwhile, they are also responsible for defining the proper limit control, stop-loss mechanism and operating procedure for excess of limit with respect to the products and process of transaction.
5. Business trading units: Business trading units are responsible for executing the risk identification, assessment and measurement, and taking appropriate countermeasures in accordance with the Bank’s market risk management rules. Take positive action in monitoring the enforcement of different limits, and report to the supervisors or notify Risk Management Department as required.
6. Auditing Office of the Board: Auditing Office of the Board executes the market risk management auditing business independently and provides the suggestions for corrective action.
3. Scope and characteristics of market risk report and measurement system
Each business trading unit shall submit trading information related to the market risk to the business supervisory unit and Risk Management Dept. Risk Management Dept., shall consolidate and summarize the information and present the report to Risk Management Committee and the Board. The contents of said report cover all market risk positions and ensure that the various transactions are conducted under authorization and the specific limitation.
4. Market risk hedging or mitigation policies, and effective strategies and processes for controlling risk hedging and mitigation tools
The Bank’s transactions subject to market risk have defined the limits of the various investment objects in the relevant rules. The specific limit is also set against the trading counterpart based on its credit rating and financial status to prevent the operation of fund from being highly concentrated. Each business trading unit shall adjust the operational position according to the change in the relevant market environments under the authority granted to it, and adopt any available derivative product to hedge risk in a timely manner and execute the relevant stop-loss mechanism whenever necessary. Said relevant requirements shall be reviewed and revised subject to the operation plan, business development and changes in the entire financial environment.
5. Approach for regulatory Capital Charge
Standardised Approach
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Capital requirements for market risk
December 31, 2015 Unit: NTD thousand
Type of risk Capital requirement
Interest rate risk 121,363
Equity securities risk 273,392
Foreign Exchange risk 35,924
Commodity risk 0
Total 430,679
5. Liquidity risk includes the analysis of maturity of assets and liabilities, and the management method for asset liquidity and capital gap liquidity.
Liquidity risk refers to the risk arising from the maturity date or scale on the maturity date of assets and liabilities not compatible that causes the obtained fund insufficient to pay for the assets acquired or liabilities due for payment. The liquidity risk management model adopted by the Bank is divided into the daily risk management and strategic assessment; also, it is processed in accordance with the Bank’s “Asset-liability management policy,” “Liquidity Risk Management Policy,” and “Liquidity Risk Management Enforcement Rules.” For daily risk management, the Finance Department collects the operating conditions and related management reports daily for the review of the risk management personnel. The relevant measurement indictors include Loans to deposits ratio, Liquidity Reserve Ratio, excess liquidity reserve ratio, and matured capital gap ratio. For the strategic assessment, the “analysis of maturity structure of NTD and foreign currency” is prepared monthly to conduct liquidity scenario analysis. In addition, the Bank conducts the stress test on liquidity risk quarterly with the assumptions that the overall market environment is in crisis and the operation of particular bank is also in crisis that the Bank monitor the situations by the number of days covered by realizable value of assets, and report to the Assets and Liabilities Management Committee, the Risk Management Committee, and the Board.
Analysis of maturity structure of NTD
December 31, 2015 Unit: NTD thousand
Total
Remaining balance to maturity
0 to 10 days 11 to 30 days 31 to 90 days 91 to 180 days 181 days to 1
year More than 1
year
Main capital inflow upon
maturity 535,276,705 64,149,749 58,458,001 27,802,015 44,734,581 78,436,917 261,695,442
Main capital outflow upon
maturity 629,660,162 21,831,728 40,080,010 89,879,167 108,256,327 139,228,615 230,384,315
Gap (94,383,457) 42,318,021 18,377,991 (62,077,152) (63,521,746) (60,791,698) 31,311,127
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Analysis of maturity structure of USD
December 31, 2015 Unit: US thousand
Total
Remaining balance to maturity
0 to 30 days 31 to 90 days 91 to 180 days 181 days to 1
year More than 1 year
Main capital inflow upon
maturity 1,357,476 324,486 233,739 210,528 141,670 447,053
Main capital outflow upon
maturity 1,902,456 362,388 465,788 322,449 637,840 113,991
Gap (544,980) (37,902) (232,049) (111,921) (496,170) 333,062
(II) The influence of domestic and foreign major policies and law amendment exerting on the bank’s financial structure and responding measures:
1. According to Article 47-1 of the “Banking Act” amended on February 4, 2015, the interest rate for cash card and the interest rate for revolving credit of credit cards shall not exceed 15% per annum for all banks and credit card issuers with effect on September 1 ,2015. The Bank revised the revolving credit interest rate of no more than 14.98% per annum on April 9, 2015. The Bank acted in compliance with the new law thereby revised its interest rate for revolving credit of credit cards on April 9, 2015.
2. The amendment to Article 34-1 of the “Banking Act” on June 24, 2015 explicitly stated that banks shall set reasonable price for financing. The Bank has established the “Policies and Procedures for Pricing in Financing” and “Particulars for Pricing in Financing” to implement reasonable pricing policy for financing. In consideration of market interest rate, the cost of capital for the Bank, the cost of operation, anticipated risk and resulting loss, and overall contribution of the customers, the Bank will not solicit or undertake loans with unreasonable offering.
(III) The effect of technological and industrial changes on the Financial Status and operation of the Bank and countermeasures: None.
(IV) The influence of the change in the image of the Bank on crisis management and the responses: None.
(V) Expected result and possible risks of mergers and acquisitions and Counter assessments: None.
(VI) Expected result for establishing more business locations, possible risk and countermeasures: None.
(VII) The risk confronting the over concentration of business, and countermeasures: None.
(VIII) The effect of change in the management produced to the Bank, possible risk and countermeasures: None.
(IX) The massive transfer of equity shares by directors, or dominant shareholders holding more than 1% of the outstanding shares of the Bank, the risk and countermeasure: None.
(X) Contentious matters and non-contentious matters:
The Kuang San Group’s illegal and excessive borrowing and the improper investment and default in the delivery of stocks issued by Shun Ta Yu were uncovered in November 1998. The aforementioned case has been prosecuted by the Public Prosecutors Office of Taichung District Court, and was returned for retrial after several appeals. The Supreme Court has overruled the appeal in the 3rd instance and the judgment has become final. The income of Tseng x-ren from money laundering amounted to NTD 2,491,623 thousand,
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which shall be returned to respective securities dealers as remedy of losses from delivery in default in relevant proportions. The Bank has claimed for damage against Tseng x-ren for delivery in default amounting to NTD 1,776,578 thousand, and has been determined by the judgment of Taichung District Court in favor of the Bank. The Public Prosecutors Office of Taichung District Court has distributed the amount of NTD 2,291,223 thousand from the seizure in relevant proportion on December 9, 2015. The Bank got NTD 685,588 thousand.
(XI) Other major risks and counter-assessments: None.
VII. Crisis management mechanism
For the rapid settlement of unusual withdrawal and deposits, massive draining of capital, severe damage to the good will of the Bank and other crisis in operation, or the handicap of solvency and ability to repay debts, due to unanticipated factors, has established the “Emergency Response Handbook” as guideline. For fortifying the security measures and functions of all banking units and for the upgrading of security protection, the Bank has established the “Regulation for Security Management”. In addition, the “Emergency Response Team” and the “Security Supervision Team” have also been set up to deal with emergency and take appropriate actions. For the preservation of the information system in an emergency, has established the “Guidelines for Business Continuity Management” so that the personnel of the Bank can maintain normal operation of the information system in case of emergency.
VIII. Other important notes: None.
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Eight. Special Notes
I. Information regarding the bank’s subsidiaries
(I) Consolidated Report on business operations:
1. Chart showing the bank’s subsidiaries
Taichung Commercial Bank Co., Ltd.
100% 100% 100%
Taichung Commercial Bank Securities Co., Ltd.
Taichung Bank Insurance Brokers Co., Ltd.
Taichung Bank Leasing Co., Ltd.
100%
TCCBL Co., Ltd.
100%
Taichung Commercial Bank Leasing (Suzhou) Ltd.
2. Profiles of the bank’s subsidiaries Unit: NTD thousand
Name of enterprise Date of
establishment Address
Paid-in shares Captial
Major operations
Controlling company:
Taichung Commercial Bank Co., Ltd.
1953.08.26 No. 87, Minquan Road, West District, Taichung
31,840,027 Banking business as permitted under the Banking Act.
Subsidiary companies:
Taichung Bank Insurance Brokers Co., Ltd.
2007.09.26 8F., No. 87, Minquan Road, West District, Taichung
500,000 Insurance brokerage.
Taichung Bank Leasing Co., Ltd. 2012.01.13 4F-5., No.50, Sec. 1, Xinsheng S. Rd., Zhongzheng Dist., Taipei City
1,850,000 Leasing Operation.
TCCBL Co., LTD. 2012.06.13 P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands.
893,373 Leasing and investments.
Taichung Commercial Bank Leasing (Suzhou) Ltd.
2012.12.11 Room 402, Property Business Plaza, No.158, Wangdun Road, Industrial Park of Suzhou, Jiangsu
893,373 Leasing.
Taichung Commercial Bank Securities Co., Ltd.
2013.05.02 1, 2F., No. 45, Minzu Rd., Central Dist., Taichung
1,500,000 Securities and futures business
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3. Profiles of Directors, Supervisors and Presidents of the bank’s subsidiaries Unit: Thousand shares
Name of enterprise Title Company name or representative Status of shareholding
Quantity Ratio of
Shareholding Controlling company:
Taichung Commercial Bank Co., Ltd.
Chairman Vice Chairman Managing Director Managing Director Director Director Director Director Independent director Independent director Independent director President
Representative to Hsu Tian Investment Co., Ltd.: Chun-Sheng Lee Representative to Hsu Tian Investment Co., Ltd.: Kuei-Fong Wang Representative to Hsu Tian Investment Co., Ltd.: Jer-Shyong Tsai Representative to Hsu Tian Investment Co., Ltd.: Chin-Yuan Lai Representative to Hsu Tian Investment Co., Ltd.: Ming-Shan Chuang Hsin-Ching Chang Shu-Yuan Lin Wei-Liang Lin Representative to I Joung Investment Co., Ltd.: Ching-Hsin Chang Representative to Ho Yang Management Consultant Co., Ltd.: Yu-Chun Chen Chien-Hui Huang Representative of Pan Asia Chemical Corporation: Meng-Liang Chang Chen-Le Liu Jin-Yi Lee Hsi-Rong Huang Chin-Yuan Lai
42,005
603 42,005
360 42,005
- 42,005
667 42,005
- - - -
18,017 83
1,691 - -
184,361 - - - -
667
1.32% 0.02% 1.32% 0.01% 1.32%
- 1.32% 0.02% 1.32%
- - - -
0.57% -
0.05% - -
5.79% - - - -
0.02% Subsidiary companies:
Taichung Bank Insurance Brokers Co., Ltd.
Taichung Bank Leasing Co., Ltd.
TCCBL Co., Ltd.
Taichung Commercial Bank Leasing (Suzhou) Ltd.
Taichung Commercial Bank Securities Co., Ltd.
Chairman Director Supervisor Chairman Director Supervisor Chairman Chairman Director Supervisor Chairman Director Supervisor
Taichung Commercial Bank Co., Ltd. Representative: Kuei-Fong Wang Taichung Commercial Bank Co., Ltd. Representative: Huan-Te Wang Deh-Wei Chia Taichung Commercial Bank Co., Ltd. Representative: Chung-Ping Yang Taichung Commercial Bank Co., Ltd. Representative: Wei-Liang Lin Taichung Commercial Bank Co., Ltd. Representative: Jer-Shyong Tsai Deh-Wei Chia Yi-Yuan Tung Yao-Hsiang Shih Taichung Commercial Bank Co., Ltd. Representative: Hsin-Ching Chang Taichung Bank Leasing Co., Ltd. Representative: Hsin-Ching Chang Taichung Bank Leasing Co., Ltd. Representative: Hsin-Ching Chang Taichung Bank Leasing Co., Ltd. Representative: Wei-Liang Lin Jui-Yang Lin Taichung Bank Leasing Co., Ltd. Representative: Yao-Hsiang Shih Taichung Commercial Bank Co., Ltd. Representative: Shu-Yuan Lin Taichung Commercial Bank Co., Ltd. Representative: Gon-Bi Chang Kuo-Hui Nin Ching-Tai Huang Mei-Li Yeh Taichung Commercial Bank Co., Ltd. Representative: Chi-Chuan Fang
50,000
- 50,000
- -
50,000 -
185,000 -
185,000 - - - -
185,000 -
30,000 - - - - - - - -
150,000 -
150,000 - - - -
150,000 -
100.00%
- 100.00%
- -
100.00% -
100.00% -
100.00% - - - -
100.00% -
100.00% -
100.00% -
100.00% - -
100.00% -
100.00% -
100.00% - - - -
100.00% -
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4. Operation overview of the bank’s subsidiaries Unit: in NTD thousand unless otherwise specified
Name of enterprise Capital Total assets Total
liabilities Equity
Net income (loss)
Income (loss) before taxation
Income (loss) after taxation
Earnings Per Share (NTD)
(After taxation)
Controlling company: Taichung Commercial Bank Co., Ltd.
Subsidiary companies:
Taichung Bank Insurance Brokers Co., Ltd. Taichung Bank Leasing Co., Ltd. TCCBL Co., Ltd. Taichung Commercial Bank Leasing (Suzhou) Ltd. Taichung Commercial Bank Securities Co., Ltd.
31,840,027
500,000
1,850,000
893,373
893,373
1,500,000
572,866,754
1,109,798
4,389,657
1,141,592
1,830,553
2,029,080
532,920,765
258,754
2,490,970
211,686
940,268
591,181
39,945,989
851,044
1,898,687
929,906
890,285
1,437,899
9,312,132
704,393
119,232
(29,438)
50,687
163,801
4,067,832
368,606
6,298
(29,021)
(44,558)
(42,962)
3,477,032
295,384
423
(29,021)
(35,997)
(41,151)
1.14
5.91
-
-
-
(0.27)
(II) Consolidated financial statement of subsidiaries
The Bank is required to prepare consolidated financial statements with its subsidiaries under the “Standards for the Preparation of Consolidated Report on Operation, Consolidated Financial Statements, and Report on Affiliations between Parent and Subsidiaries”. Subsidiaries of the Bank under the aforementioned legal rule are identical with the subsidiaries defined under Financial Accounting Standard No. 10 on “Consolidated Financial Statements”. Information on Financial Status and operation performance of such subsidiaries has been included in the disclosure of the aforementioned consolidated financial statement between parent and subsidiaries and therefore will not be prepared separately. For further information, please refer to the aforementioned consolidated statement.
(III) Affiliation Report
1. Relations between parent and subsidiaries
Name of holding company
Reason of holding Status of shareholding and lien of stock by holding company
Directors, Supervisors or managers appointed by holding company
Shares Ratio of
Shareholding Shares under lien Title Name
Hsu Tian Investment Co., Ltd.
Win a majority of director seats of the Bank
42,005,217
1.32%
-
Chairman Vice Chairman Managing Director Managing Director Director Director Director Director
Chun-Sheng Lee Kuei-Fong Wang Jer-Shyong Tsai Chin-Yuan Lai Ming-Shan Chuang Hsin-Ching Chang Shu-Yuan Lin Wei-Liang Lin
China Man-Made Fiber Co., Ltd.
Indirectly control over the HR, finance or operation of the Bank
710,859,467 22.33% 170,000,000 - -
Chung Chien Investment Co., Ltd.
Indirectly control over the HR, finance or operation of the Bank
- - - - -
2. Transactions between subsidiaries and Parent Name of enterprise: None.
3. Guarantees/endorsements between subsidiaries and Parent Name of enterprise: None.
111
112
Statement of Declaration
The Bank Affiliation Report 2015 (from January 1, 2015 to December 31, 2015) was prepared in accordance with the “Criteria Governing Preparation of Report on Affiliations, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises”, and the information disclosed herein is materially consistent with that disclosed in the notes to the financial statement for the previous period.
Company name: Taichung Commercial Bank Co., Ltd.
Responsible Person: Chun-Sheng Lee
Date: March 9, 2016
112
113
CPA’s Review Comments
To: Taichung Commercial Bank Co., Ltd.
We conducted the audit on the financial statements of Taichung Commercial Bank Company Limited for 2015 in accordance with the “Standards on the Audit of Financial Statements” and the audit principle generally accepted in the Republic of China, and we have issued unqualified opinions dated March 9, 2016. The purpose of the audit is to give an opinion on the fair presentation of the said financial statements. The Affiliation Report for prepared by Taichung Commercial Bank was attached. The 2015 Affiliation Report prepared by the Taichung Commercial Bank is attached. Such report was prepared in accordance with the “Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports, and Consolidated Financial Statements of Affiliated Enterprises.” An audit review requires us to proceed with the necessary procedures, including the acquisition of customer’s declaration and the confirmation on related information. The review has been successfully accomplished.
In our opinion, the Affiliation Report for 2015 prepared by Taichung Commercial Bank is in compliance with the “Criteria Governing Preparation of Affiliation Reports, Consolidated Business Reports and Consolidated Financial Statements of Affiliated Enterprises” and the contents of financial information are identical with those presented in the financial statements. No material amendments to the information shall be required.
Deloitte & Touche
Wen-Ya Hsu, CPA
Kuan-Chung Lai, CPA
Securities and Futures Bureau Approval Document No.
Tai-Cai-Jheng (6) No. 0920123784
Securities and Futures Bureau Approval Document No.
Tai-Cai-Jheng (6) No. 0920123784
Date: March 9, 2016
113
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II. In the most recent year to the date this report was printed, private placement of securities and Bank debentures: None.
III. In the most recent year to the date this report was printed, the holding or disposition of the shares of the Bank held by the subsidiaries: None.
IV. Other Supplementary Disclosure: None.
V. The occurrence of events as stated in Article 36-3-(2) of the Securities and Exchange Act in the previous year to the date this report was printed and the influence on shareholders’ equity or stock price: None.
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Nine. Branches of Taichung Commercial Bank at a Glance
Name Tel. No. Fax No. Postal code
Address
Head Office
Min Chuan Building 04-22236021 04-22240748 40341 No.87, Minquan Rd., West Dist., Taichung City
Min Zu Building 04-22236023 04-22278584 40041 No.45, Minzu Rd., West Dist., Taichung City
Trust Dept. 04-22236021 04-22202327 40341 8F., No.87, Minquan Rd., West Dist., Taichung City
International Banking Dept.
04-22212933 04-22202046 40341 2F., No.87, Minquan Rd., West Dist., Taichung City
Taipei City
Taipei Branch 02-23211819 02-23212659 10049 No.85, Sec. 1, Zhongxiao E. Rd., Zhongzheng Dist., Taipei
Songshan Branch 02-27658666 02-27658368 11072 No.176, Sec. 1, Keelung Rd., Xinyi Dist., Taipei
Neihu Branch 02-26579899 02-26578887 11492 No.306, Ruiguang Rd., Neihu Dist., Taipei
Fuxing Branch 02-27735556 02-27739828 10595 No.59, Fuxing N. Rd., Songshan Dist., Taipei
Zhongshan Branch 02-25417700 02-25415050 10450 No.28, Changchun Rd., Zhongshan Dist., Taipei
Taitung Branch 02-25958968 02-25954123 10374 No.196 & 198, Sec. 3, Chongqing N. Rd., Datong Dist., Taipei
Overseas Banking Branch
02-23219858 02-23216358 10049 8F.-4, No.85, Sec. 1, Zhongxiao E. Rd., Zhongzheng Dist., Taipei
New Taipei City
Banchiao Branch 02-29563456 02-29581616 22067 No.28-2, Sec. 1, Minsheng Rd., Banqiao Dist., New Taipei
Sanzhong Branch 02-29877878 02-29872411 24141 No.2, Zhongzheng N. Rd., Sanchong Dist., New Taipei
Xinzhuang Branch 02-29017888 02-29013040 24257 No.651, Zhongzheng Rd., Xinzhuang Dist., New Taipei
Linkou Branch 02-26021888 02-26014522 24443 No.8, Zhulin Rd., Linkou Dist., New Taipei
Tucheng Branch 02-82603158 02-82601658 23659 No.56, Sec. 2, Mingde Rd., Tucheng Dist., New Taipei
Taoyuan City
Neili Branch 03-4610566 03-4620277 32067 No.24, Zhongxiao Rd., Zhongli Dist., Taoyuan
Jhongli Branch 03-4228828 03-4228826 32085 No.326, Yanping Rd., Zhongli Dist., Taoyuan
Taoyuan Branch 03-3333389 03-3331599 33058 1&2F., No.324, Zhongshan Rd., Taoyuan Dist., Taoyuan
Yangmei Branch 03-4855288 03-4855859 32645 No.337-1, Xinnong St., Yangmei Dist., Taoyuan
Nan Kang Branch 03-3216611 03-2223311 33859 No.288, Sec. 1, Nankan Rd., Luzhu Dist., Taoyuan
Kueishan Branch 03-3590005 03-3592166 33342 No.1185, Sec. 2, Wanshou Rd., Guishan Dist., Taoyuan
Tayuan Branch 03-3857001 03-3859033 33753 No.47, Daguan Rd., Dayuan Dist., Taoyuan
Hsinchu City
Hsinchu Branch 03-5257288 03-5233566 30046 No.128, Siwei Rd., North Dist., Hsinchu
Hsinchu County
Zhubei Branch 03-6675188 03-6675168 30264 No.276, Dong Sec. 1, Guangming 6th Rd., Zhubei City, Hsinchu
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Name Tel. No. Fax No. Postal code
Address
Xsin Feng Branch 03-5590929 03-5590788 30442 No.155-12, Sec. 1, Jianxing Rd., Xinfeng Township, Hsinchu
Miaoli County
Zhunan Branch 037-481148 037-480465 35041 No.66, Heping St., Zhunan Township, Miaoli
Yuanli Branch 037-866366 037-866316 35844 No.79, Xinyi Rd., Yuanli Township, Miaoli
Taichung City
Zhong Zheng Branch 04-22245181 04-22251969 40044 No.333, Sec. 1, Taiwan Blvd., Central Dist., Taichung
N. Taiping Branch 04-22121298 04-22120800 40147 No.66, Jingwu E. Rd., East Dist., Taichung
S. Taichung Branch 04-22244187 04-22253055 40247 No.355, Sec. 3, Fuxing Rd., South Dist., Taichung
Business Dept. 04-22274567 04-22232926 40341 No.87, Minquan Rd., West Dist., Taichung
W. Taichung Branch 04-23212501 04-23211847 40356 No.369, Gongyi Rd., West Dist., Taichung
N. Taichung Branch 04-22920832 04-22957526 40462 No.822, Sec. 1, Zhongqing Rd., North Dist., Taichung
Peitun Branch 04-22316266 04-22316168 40646 No.80, Jinhua N. Rd., Beitun Dist., Taichung
Junkong Branch 04-24371151 04-24367374 40663 No.222, Sec. 1, Dongshan Rd., Beitun Dist., Taichung
Simin Branch 04-24226165 04-24226567 40673 No.199, Sec. 3, Chongde Rd., Beitun Dist., Taichung
Xitun Branch 04-27060696 04-27010309 40744 No.436, Sec. 2, Henan Rd., Xitun Dist., Taichung
Nantun Branch 04-23824358 04-23828070 40869 1&2F., No.663, Sec. 2, Wuquan W. Rd., Nantun Dist., Taichung
Taiping Branch 04-22700756 04-22708629 41142 No.115, Zhongxing Rd., Taiping Dist., Taichung
Neixin Branch 04-24830345 04-24838958 41254 No.339, Sec. 2, Zhongxing Rd., Dali Dist., Taichung
Wufong Branch 04-23391165 04-23326083 41341 No.829, Zhongzheng Rd., Wufeng Dist., Taichung
Wuri Branch 04-23373176 04-23373180 41442 No.107, Sanmin St., Wuri Dist., Taichung
S. Fongyuan Branch 04-25261195 04-25284637 42050 No.232, Zhongshan Rd., Fengyuan Dist., Taichung
Nanyang Branch 04-25244426 04-25284638 42051 No.338, Yuanhuan E. Rd., Fengyuan Dist., Taichung
Fongyuan Branch 04-25244171 04-25244178 42056 No.302-1, Zhongzheng Rd., Fengyuan Dist., Taichung
E. Fongyuan Branch 04-25260175 04-25279944 42060 No.203, Sanmin Rd., Fengyuan Dist., Taichung
Houli Branch 04-25571180 04-25573081 42151 No.95, Minsheng Rd., Houli Dist., Taichung
Dongshi Branch 04-25872185 04-25875203 42343 No.61, Zhongshan Rd., Dongshi Dist., Taichung
Tanzi Branch 04-25323121 04-25338460 42751 No.76, Sec. 3, Tanxing Rd., Tanzi Dist., Taichung
Daya Branch 04-25668161 04-25671143 42878 1&2F., No.999, Sec. 3, Zhongqing Rd., Daya Dist., Taichung
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Name Tel. No. Fax No. Postal code
Address
Shengang Branch 04-25621501 04-25627404 42944 No.325, Sec. 5, Changping Rd., Shengang Dist., Taichung
Dadu Branch 04-26991166 04-26991170 43242 No.788, Sec. 2, Shatian Rd., Dadu Dist., Taichung
Shalu Branch 04-26621101 04-26622467 43350 1&2F., No.298, Zhongshan Rd., Shalu Dist., Taichung
Lungjing Branch 04-26326788 04-26323566 43448 No.77, Youyuan S. Rd., Longjing Dist., Taichung
Taichungkang Branch 04-26571191 04-26571517 43542 No.36, Bade Rd., Wuqi Dist., Taichung
Qingshui Branch 04-26226106 04-26227587 43653 No.104, Zhongshan Rd., Qingshui Dist., Taichung
Dajia Branch 04-26862151 04-26875838 43746 No.42, Jianggong Rd., Dajia Dist., Taichung
Changhua County
Changhua Branch 04-7224641 04-7221431 50061 No.126, Guangfu Rd., Changhua City, Changhua
Dazhu Branch 04-7387648 04-7386907 50078 No.364, Sec. 1, Zhangnan Rd., Changhua City, Changhua
Huatan Branch 04-7868775 04-7869067 50343 No.446, Sec. 1, Zhongshan Rd., Huatan Township, Changhua
Xiushui Branch 04-7693525 04-7698148 50448 1&2F., No.597, Sec. 2, Zhangshui Rd., Xiushui Township, Changhua
Lukang Branch 04-7780545 04-7762275 50563 No.266, Zhongshan Rd., Lukang Township, Changhua
Homei Branch 04-7562171 04-7562175 50846 No.393, Sec. 6, Luhe Rd., Hemei Township, Changhua
Shenkang Branch 04-7983171 04-7988403 50941 No.111, Zhongshan E. Rd., Shengang Township, Changhua
Yuanlin Branch 04-8326141 04-8332927 51046 No.27, Zhongshan S. Rd., Yuanlin City, Changhua
N. Yuanlin Branch 04-8322141 04-8354844 51050 No.116, Sec. 2, Datong Rd., Yuanlin City, Changhua
Shetou Branch 04-8731466 04-8720427 51141 No.311, Sec. 2, Yuanji Rd., Shetou Township, Changhua
Yongjing Branch 04-8232363 04-8232549 51247 No.71, Ximen Rd., Yongjing Township, Changhua
Puxin Branch 04-8281437 04-8281442 51347 No.217, Sec. 1, Zhongzheng Rd., Puxin Township, Changhua
Xihu Branch 04-8853311 04-8814498 51452 No.290, Sec. 3, Zhangshui Rd., Xihu Township, Changhua
Tianzhong Branch 04-8742206 04-8741514 52042 No.197, Sec. 1, Zhongzhou Rd., Tianzhong Township, Changhua
Peitou Branch 04-8884146 04-8885331 52146 No.180, Sec. 1, Douyuan Rd., Beidou Township, Changhua
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118
Name Tel. No. Fax No. Postal code
Address
Pitou Branch 04-8924606 04-8924335 52341 No.163, Douyuan W. Rd., Pitou Township, Changhua
Erlin Branch 04-8962125 04-8962677 52662 No.496, Ren’ai Rd., Erlin Township, Changhua
Nantou County
Nantou Branch 049-2222146 049-2222481 54058 No.52, Minsheng St., Nantou City, Nantou
Caotun Branch 049-2334146 049-2303149 54263 No.141, Bishan Rd., Caotun Township, Nantou
Puli Branch 049-2984001 049-2901265 54555 No.62, Xikang Rd., Puli Township, Nantou
Zhushan Branch 049-2643181 049-2653081 55747 No.148, Zhushan Rd., Zhushan Township, Nantou
Yunlin County
Dounan Branch 05-5954879 05-5954891 63041 No.151-9, Zhongshan Rd., Dounan Township, Yunlin
Huwei Branch 05-6313788 05-6310599 63246 No.57-2, Sec. 2, Linsen Rd., Huwei Township, Yunlin
Chiayi County
Minghsiung Branch 05-2208833 05-2205533 62159 No.78, Sec. 2, Jianguo Rd., Minxiong Township, Chiayi
Tainan City
Yongkang Branch 06-3026678 06-3035659 71049 No.760, Zhonghua Rd., Yongkang Dist., Tainan
Kaohsiung City
Kaohsiung Branch 07-3355275 07-3346981 80251 1&2F., No.11, Minquan 1st Rd., Lingya Dist., Kaohsiung
Feng Shan Branch 07-7216719 07-7211423 83081 1&2F., No.172, Wuqing 2nd Rd., Fengshan Dist., Kaohsiung
118
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Hqt" vjg" kpxguvogpv" qh" hkpcpekcn" cuugvu" d{" vjg" eqorcpkgu" kp" vjg" eqpuqnkfcvgf"hkpcpekcn" uvcvgogpvu" dg{qpf" vjg" chqtgogpvkqpgf" vgtou" cpf" eqpfkvkqpu." vjg{" ujcnn" dg"ogcuwtgf"cv" hckt"xcnwg"cpf" vjg"ejcpig" kp" hckt"xcnwg" ujcnn"dg" tgeqipk|gf" vjtqwij"rtqhkv"cpf"nquu0"Kh"vjg"eqorcpkgu"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"ctg"fkuetgvg"kp"kpkvkcn"tgeqipkvkqp."vjg"gswkv{"kpxguvogpv"pqv"cxckncdng"hqt"ucngu"ujcnn"dg"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpv0"Ykvj"vjg"gzegrvkqp"qh"fkxkfgpf"kpeqog."yjkej"ujcnn"dg"tgeqipk|gf"cu"rtqhkv"qt" nquu."cp{"qvjgt" tgncvgf"dgpghkvu"cpf"rtqhkv"qt" nquu" htqo"vjku" ecvgiqt{" qh" hkpcpekcn" cuugvu" ujcnn" dg" tgeqipk|gf" cu" qvjgt" eqortgjgpukxg" kpeqog"ykvjqwv"dgkpi"cuuguugf"hqt"korcktogpv."cpf"ceewowncvgf"cu"ejcpig"kp"hckt"xcnwg"qh"qvjgt"eqortgjgpukxg"kpeqog"cpf"pqv"encuukhkgf"cu"rtqhkv"qt"nquu0"
Korcktogpv"qh"hkpcpekcn"cuugvu"
IFRS 9 adopts the “expected credit losses model” in the recognition of the korcktogpv" qh" hkpcpekcn" cuugvu0" Hkpcpekcn" cuugvu" dcugf" qp" equv" chvgt" coqtvk|cvkqp."hkpcpekcn" cuugvu" cv" hckt" xcnwg" vjtqwij" eqpuqnkfcvgf" kpeqog" uvcvg" wpfgt" eqorwnukqp."receivable rents, assets from contracts under IFRS 15, “Revenue from Contracts of Customers”, or commitment of finapekpi" cpf" hkpcpekcn" iwctcpvgg" eqpvtcevu" ujcnn" dg"tgeqipk|gf"cu"rtqxkukqp"hqt"etgfkv"nquu0"Kh"vjg"etgfkv"tkum"qh"vjg"chqtgogpvkqpgf"hkpcpekcn"cuugvu" jcu" pq" ukipkhkecpv" fgvgtkqtcvkqp" chvgt" kpkvkcn" tgeqipkvkqp." vjg" rtqxkukqp" hqt" etgfkv"nquu"ujcnn"dg"ogcuwtgf"dcugf"qp"vjg"gzrgevgf"etgfkv"nquu"kp"vjg"34"oqpvju"cjgcf0"Kh"vjg"etgfkv" tkum" qh" vjg" chqtgogpvkqpgf" hkpcpekcn" cuugvu" vwtpgf" ugxgtg" chvgt" vjg" kpkvkcn"tgeqipkvkqp" cpf" etgfkv" tkum" ku" pqv" nqy." vjg" rtqxkukqp" hqt" etgfkv" nquu" ujcnn" dg"ogcuwtgf"dcugf"qp"vjg"gzrgevgf"etgfkv"nquu"dghqtg"vjg"ocvwtkv{"qh"vjg"cuugvu0"Jqygxgt."vjku"fqgu"pqv"kpenwfg"ceeqwpv"tgegkxcdngu"vjcv"eqpvckp"ocvgtkcn"hkpcpekcn"eqorqpgpvu."yjkej"ujcnn"dg"uwdlgev"vq"cuuguuogpv"hqt"vjg"rtqxkukqp"qh"gzrgevgf"etgfkv"nquu"dghqtg"vjg"rgtrgvwkv{"qh"vjg"ceeqwpv"tgegkxcdngu0"
Hqt"hkpcpekcn"cuugvu"cntgcf{"ujqygf"etgfkv"korcktogpv"cv"vjg"kpkvkcn"tgeqipkvkqp."vjg"eqorcpkgu" kp" vjg" eqpuqnkfcvgf" hkpcpekcn" uvcvgogpvu" ujcnn" eqpukfgt" vjg" gzrgevgf" etgfkv"nquu" cv" vjg" vkog" qh" kpkvkcn" tgeqipkvkqp" cpf" vjg" ghhgevkxg" kpvgtguv" tcvg" chvgt" cflwuvogpv0"Uwdugswgpv"rtqxkukqp"hqt"etgfkv"nquu"ujcnn"dg"tgeqipk|gf"dcugf"qp"ceewowncvgf"ejcpigu"qh"gzrgevgf"etgfkv"nquu0"
IFRS 16 “Leases”"
IFRS 16 governs the accounting of leasing and will replace IAS 17, “Leasing” and tgncvgf"kpvgtrtgvcvkqpu0"
Kp"crrnkecvkqp"qh"KHTU"38."kh" vjg"eqorcp{"eqpvckpgf"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu" ku" vjg" nguugt" cpf" gzegrv" hqt" nqy" tgpv" ngcukpi" cpf" ujqtv/vgto" ngcukpi" vjcv"ceeqwpvkpi" qh" ngcugjqnf" cu" dwukpguu" cu" uvcvgf" kp" KCU" 39." cnn" qvjgt" ngcugjqnf" ujcnn" dg"tgeqipk|gf" cu" gswkv{" cuugvu" cpf" ngcugjqnf" nkcdknkv{" kp" vjg" dcncpeg" ujggv0" Vjg"eqortgjgpukxg" kpeqog" uvcvgogpv" ujcnn" rtgugpv" vjg" kpvgtguv" gzrgpugu" kpewttgf" htqo" vjg"fgrtgekcvkqpu" qh" vjg" wvknk|cvkqp" qh" gswkv{" cuugvu" cpf" ngcugjqnf" nkcdknkv{" wpfgt" ghhgevkxg"kpvgtguv"ogvjqf0"Vjg"rtkpekrcn"coqwpv"qh" tgpv"rc{ogpv" nkcdknkv{"ujcnn"dg" tgeqipk|gf"cu"hkpcpekpi"yjkng"vjg"kpvgtguv"rc{ogpv"ujcnn"dg"tgeqipk|gf"cu"qrgtcvkqp"kp"vjg"uvcvgogpv"qh"ecuj"hnqyu0"
Pq" cpvkekrcvgf" ukipkhkecpv" kphnwgpeg" htqo" vjg" ceeqwpvkpi" yjgtg" vjg" eqorcp{"eqpvckpgf"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpv"ku"vjg"nguuqt0"
Eqorcp{"eqpvckpgf"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"oc{."cv"vjg"vkog"KHTU"38"dgeqogu"ghhgevkxg." crrn{" vjg" uvcpfctf" vq" vjg"rgtkqf"qh" eqorctkuqp" tgvtqcevkxgn{."qt"tgeqipk|g"vjg"ceewowncvgf"ghhgev"qh"hktuv"wug"cu"qh"vjg"fc{"qh"hktuv"wug0"
Hwtvjgt" vq" vjg" chqtgogpvkqpgf" kphnwgpeg." vjg" eqorcpkgu" kp" vjg" eqpuqnkfcvgf"hkpcpekcn" uvcvgogpvu" yknn" eqpvkpwg" vq" gxcnwcvg" vjg" ghhgev" qh" vjg" cogpfogpv" vq" qvjgt"KHTUu"qp"vjg"hkpcpekcn"rqukvkqpu"cpf"rgthqtocpeg"qh"vjg"eqorcpkgu"kp"vjg"eqpuqnkfcvgf"
134
39"
hkpcpekcn"uvcvgogpvu"vq"vjg"fcvg"vjku"rctgpv"eqorcp{"qpn{"hkpcpekcn"uvcvgogpv"crrtqxgf"cpf"tgngcugf."cpf"yknn"ocmg"crrtqrtkcvg"fkuenquwtg"chvgt"vjg"gxcnwcvkqp0"
60" Uwooct{"qh"ukipkhkecpv"ceeqwpvkpi"rqnkekgu"
*3+" Eqornkcpeg"Uvcvgogpv"
Vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"ctg"rtgrctgf" kp"ceeqtfcpeg"ykvj" vjg"“Rules Governing the Preparation of Financial Statements of Publicly Issued Banks,” “Rules Governing the Preparation of Financial Statements of Securities Firms” anf"vjg"KHTUu"ceetgfkvgf"d{"vjg"HUE0"
*4+" Dcuku"qh"rtgrctcvkqp"
Hwtvjgt" vq" hkpcpekcn" kpuvtwogpvu"ogcuwtgf" cv" hckt" xcnwg." vjg" eqpvgpv" eqpvckpgf" kp"vjku"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpv"ku"eqorkngf"dcugf"qp"jkuvqtkecn"fcvc0"
Vjg" gxcnwcvkqp" qh" hckt" xcnwg" eqwnf" dg" encuukhkgf" kpvq" Ngxgn" 3" vq" Ngxgn" 5" d{" vjg"qdugtxcdng"kpvgpukv{"cpf"korqtvcpeg"qh"tgncvgf"kprwv"xcnwg<"
30" Ngxgn" 3" kprwv" xcnwg<" tghgtu" vq" vjg" swqvcvkqp" qh" vjg" ucog" cuugv" qt" nkcdknkv{" kp" cp"cevkxg"octmgv"cu"qh"vjg"gxcnwcvkqp"*dghqtg"cflwuvogpv+"
40" Ngxgn"4"kprwv"xcnwg<"tghgtu"vq"vjg"fktgev"*vjg"rtkeg+"qt"kpfktgev"*kphgtgpeg"qh"rtkeg+"qdugtxcdng"kprwv"xcnwg"qh"cuugv"qt"nkcdknkv{"hwtvjgt"vq"vjg"swqvcvkqp"qh"Ngxgn"30"
50" Ngxgn"5"kprwv"xcnwg<"vjg"wpqdugtxcdng"kprwv"xcnwg"qh"cuugv"qt"nkcdknkv{"
*5+" Uvcpfctfu"kp"fkhhgtgpvkcvkpi"ewttgpv"cpf"pqp/ewttgpv"cuugvu"cpf"nkcdknkvkgu0"
Dgecwug" kv" ycu" fkhhkewnv" vq" cuegtvckp" vjg" dwukpguu" e{eng" fwg" vq" vjg" qrgtcvkqpcn"ejctcevgtkuvkeu"qh"c"eqpuqnkfcvgf"dcpm." kv"ycu"pqv"pgeguuct{"hqt" vjg"Dcpm" vq"ecvgiqtk|g"cuugvu"cpf"nkcdknkvkgu"kpvq"ewttgpv"qt"pqp/ewttgpv"kvgou0"Jqygxgt."vjg"cuugvu"cpf"nkcdknkvkgu"jcxg"dggp"ecvgiqtk|gf"d{"pcvwtg"cpf"kp"vjg"qtfgt"uwdlgev"vq"vjg"gswkxcngpv"nkswkfkv{0"Vjg"cpcn{uku"qp"ocvwtkv{"ku"cnuq"fkuenqugf"kp"Pqvg"5:0"
*6+" Dcuku"qh"eqpuqnkfcvkqp"
30" Rtkpekrng"qh"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"rtgrctcvkqp"
Vjku" eqpuqnkfcvgf" hkpcpekcn" uvcvgogpv" eqpvckpu" vjg" kphqtocvkqp" qh" vjg"hkpcpekcn"uvcvgogpvu"qh"vjg"Dcpm"cpf"kvu"eqpvtqnngf"gpvkvkgu"*uwdukfkctkgu+0"
The subsidiaries’" hkpcpekcn" uvcvgogpvu" jcxg" dggp" rtqrgtn{" cflwuvgf" vq"ocmg"vjg"ceeqwpvkpi"rqnkekgu"eqpukuvgpv"ykvj"vjg"ceeqwpvkpi"rqnkekgu"qh"vjg"eqpuqnkfcvgf"eqorcp{0" Kp" rtgrctkpi" vjgug" eqpuqnkfcvgf" hkpcpekcn" uvcvgogpvu." vjg" vtcpucevkqpu."ceeqwpv"dcncpegu."kpeqogu"cpf"nquu"cpf"gzrgpugu"coqpi"vjg"kpfkxkfwcn"gpvkvkgu"ctg"ytkvvgp"qhh"kp"hwnn"coqwpv0"
135
3:"
"
40" Uwdukfkctkgu"kpenwfgf"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"
Vjg"dwukpguu"gpvkvkgu"qh"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"ctg"cu"hqnnqyu<"
" " " " " "Rgtegpvcig"qh"ujctgjqnfkpiu"
Kpxguvqt" " Uwdukfkct{"pcog" " Pcvwtg"qh"vjg"qrgtcvkqp" "Fgegodgt"53."4237"
" Fgegodgt"53."4236"
Vckejwpi"Eqoogtekcn"Dcpm"Eq0"
" Vckejwpi"Eqoogtekcn"Dcpm"Kpuwtcpeg"Dtqmgt"Eq0."Nvf0"
" Kpuwtcpeg"dtqmgtcig" " 322" " 322"
Vckejwpi"Eqoogtekcn"Dcpm"Eq0"
" Vckejwpi"Eqoogtekcn"Dcpm"Ngcug"Gpvgtrtkug"
" Ngcukpi" " 322" " 322"
Vckejwpi"Eqoogtekcn"Dcpm"Eq0"
" Vckejwpi"Eqoogtekcn"Dcpm"Ugewtkvkgu"Eq0."Nvf0"
" Ugewtkvkgu"Dtqmgtcig" " 322" " 322"
Vckejwpi"Eqoogtekcn"Dcpm"Ngcug"Gpvgtrtkug"
" VEEDN"Eq0."Nvf0" " Hkpcpekpi."ngcukpi"cpf"kpxguvogpvu0"
" 322" " 322"
VEEDN"Eq0."Nvf0" " Vckejwpi"Eqoogtekcn"Dcpm"Ngcukpi"*Uw|jqw+"Nvf0"
" Hkpcpekpi"Ngcukpi"cpf"kpxguvogpvu"
" 322" " 322"
"
50" Vjg"uwdukfkctkgu"pqv"kpenwfgf"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu<"Pqpg0"
*7+" Hqtgkip"ewttgpe{"
Yjgp"rtgrctkpi"vjg"hkpcpekcn"uvcvgogpvu"qh"gcej"dwukpguu"gpvkv{"qh"vjg"eqpuqnkfcvgf"eqorcp{."vjg"vtcpucevkqpu"kp"ewttgpekgu"qvjgt"vjcp"vjg"hwpevkqpcn"ewttgpe{"*vjg"ewttgpe{"qh" vjg" rtkoct{" geqpqoke" gpxktqpogpv" kp"yjkej" vjg" gpvkv{" qrgtcvgu+" qh" vjg" tgurgevkxg"dwukpguu" gpvkv{" *hqtgkip" ewttgpe{+" ujqwnf" dg" vtcpuncvgf" kpvq" vjg" hwpevkqpcn" ewttgpe{" kp"ceeqtfcpeg"ykvj"vjg"gzejcpig"tcvg"qp"vjg"vtcpucevkqp"fc{0"
Hqtgkip"ewttgpe{"oqpgvct{"kvgou"ctg"vtcpuncvgf"cv"vjg"enqukpi"tcvg"qp"gcej"dcncpeg"ujggv"fcvg0"Vjg"gzejcpig"fkhhgtgpegu"ctkukpi"htqo"vjg"ugvvngogpv"qh"oqpgvct{" kvgou"qt"vtcpuncvkpi"oqpgvct{"kvgou"ctg"tgeqipk|gf"kp"vjg"ewttgpv"rtqhkv"qt"nquu0"
Vjg"hqtgkip"pqp/ewttgpe{"kvgou"ogcuwtgf"cv"hckt"xcnwg"ctg"vtcpuncvgf"kp"ceeqtfcpeg"ykvj"vjg"gzejcpig"tcvg"qp"vjg"hckt"xcnwg"fgvgtokpcvkqp"fcvg"cpf"vjg"gzejcpig"fkhhgtgpeg"ku"dqqmgf"cu"ewttgpv"rtqhkv"qt"nquu0"Jqygxgt."hqt"vjg"ejcpigu"kp"hckt"xcnwg"tgeqipk|gf"kp"vjg"qvjgt"eqortgjgpukxg"rtqhkv"qt"nquu."vjg"gzejcpig"fkhhgtgpeg"ku"tgeqipk|gf"kp"vjg"qvjgt"eqortgjgpukxg"rtqhkv"qt"nquu0"
Vjg" hqtgkip" pqp/ewttgpe{" kvgou" ogcuwtgf" cv" jkuvqtkecn" equv" ctg" vtcpuncvgf" kp"ceeqtfcpeg" ykvj" vjg" gzejcpig" tcvg" qp" vjg" vtcpucevkqp" fcvg" ykvjqwv" vjg" pggf" hqt" c"vtcpuncvkqp"cickp0"
Yjgp"rtgrctkpi"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu." vjg"cuugvu"cpf"nkcdknkvkgu"qh"vjg" eqpuqnkfcvgf" company’u" hqtgkip" qrgtcvkqpu" ujqwnf" dg" vtcpuncvgf" kpvq"Pgy"Vckycp"fqnnctu" kp" ceeqtfcpeg" ykvj" vjg" gzejcpig" tcvg" qp" vjg" dcncpeg" ujggv" fcvg0" Kpeqog" cpf"gzrgpug"kvgou"ctg"vtcpuncvgf"kp"ceeqtfcpeg"ykvj"vjg"ewttgpv"cxgtcig"gzejcpig"tcvgu"cpf"vjg"gzejcpig"fkhhgtgpegu"ctg"dqqmgf"kp"vjg"qvjgt"eqortgjgpukxg"rtqhkv"qt"nquu0"
*8+" Ecuj"cpf"ecuj"gswkxcngpvu"
The “cash" and cash equivalents” account on the consolidated balance sheet"kpenwfgu" ecuj"qp"jcpf." ucxkpiu"fgrqukv." cpf" ujqtv/vgto"jkijn{" nkswkfcvkpi" kpxguvogpvu"vjcv"ctg" tgcfkn{"eqpxgtvkdng" vq"mpqyp"coqwpvu"qh"ecuj"ykvj"c"uocnn" tkum"qh"ejcpigu" kp"xcnwg0"
*9+" Dqpfu"Rwtejcugf"wpfgt"Tgugnn1Pqvgu"Kuuwgf"wpfgt"Tgrwtejcug"Citggogpvu"
Hqt"wpfgtytkvvgp"dqpfu"cpf"ugewtkvkgu" vjcv"ctg"uqnf"wpfgt"TR"cpf"TU"citggogpvu."tgeqipk|g" kpvgtguv" gzrgpug" cpf" kpvgtguv" kpeqog" qp" vjg" ceetwcn" dcuku" dgvyggp" vjg"rwtejcug" cpf" ucng" fcvgu" cpf" citggf" TR" cpf" TU" fcvg=" cnuq." tgeqipk|g" TR" *Fgdv+" cpf"dqpfu"cpf"ugewtkvkgu"uqnf"wpfgt"tgugnn"citggogpvu"dgvyggp"vjg"ucng"cpf"rwtejcug"fcvgu0"
136
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*:+" Kpxguvogpvu"kp"vjg"chhknkcvgf"eqorcp{"
Vjg" eqpuqnkfcvgf" eqorcp{" jcu" c" ukipkhkecpv" kphnwgpeg" qp" cp" chhknkcvgf" eqorcp{"vjcv"ku"pqv"c"uwdukfkct{"qt"lqkpv"xgpvwtg0"
Eqpuqnkfcvgf" eqorcp{" jcu" vjg" kpxguvogpv" kp" cp" chhknkcvgf" eqorcp{" jcpfngf" kp"ceeqtfcpeg" ykvj" vjg" gswkv{" ogvjqf0" Wpfgt" vjg" gswkv{" ogvjqf." kpxguvogpvu" kp" vjg"chhknkcvgf" eqorcpkgu" ygtg" qtkikpcnn{" tgeqipk|gf" cv" equv=" vjg" dqqm" xcnwg" chvgt" vjg"ceswkukvkqp"fcvg"hnwevwcvgu"cnqpi"ykvj"vjg"fkuvtkdwvkqp"qh"rtqhkv"qt"nquu"htqo"vjg"chhknkcvgf"eqorcp{" cpf" qvjgt" eqortgjgpukxg" rtqhkv" qt" nquu" d{" vjg" eqpuqnkfcvgf" eqorcp{0" Kp"cffkvkqp."hqt"ejcpigu"kp"vjg"chhiliated company’s equity, the consolidated company"oc{"dg"gpvkvngf"vq"jcxg"kv"tgeqipk|gf"rtqrqtvkqpcnn{"vq"vjg"ujctgjqnfkpi0"
Yjgp"cuuguukpi"korcktogpv."vjg"eqpuqnkfcvgf"eqorcp{"jcu"vjg"qxgtcnn"dqqm"xcnwg"*kpenwfkpi" iqqfyknn+" qh" vjg" kpxguvogpv" fggogf" cu" c" ukping" cuugv"yjgp" eqorctkpi" vjg"tgeqxgtcdng"coqwpv"cpf" vjg"dqqm"coqwpv" kp"qtfgt" vq"eqpfwev" korcktogpv" vguvkpi0"Vjg"tgeqipk|gf" korcktogpv" nquu" ku" cp" kpvgitcn" rctv" qh" vjg" dqqm" coqwpv" qh" vjg" kpxguvogpv0"Cp{" tgxgtucn" qh" vjg" korcktogpv" nquu" ecp" dg" tgeqipk|gf" ykvjkp" vjg" tcpig" qh" vjg"tgeqxgtcdng"coqwpv"qh"vjg"uwdugswgpvn{"kpetgcugf"kpxguvogpv0"
Vjg" rtqhkv" qt" nquu" tguwnvkpi" htqo" vjg" eqwpvgtewttgpv." fqypuvtgco" cpf" ukfg/uvtgco"vtcpucevkqpu" dgvyggp" vjg" eqpuqnkfcvgf" eqorcp{" cpf" vjg" chhknkcvgf" eqorcp{" ku"tgeqipk|gf"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpv"ykvjkp"vjg"tcpig"vjcv"ku"kttgngxcpv"vq"the consolidated company’s interest in the"chhknkcvgf"eqorcp{0"
*;+" Rtqrgtv{."rncpv."cpf"gswkrogpv"
Tgcn" rtqrgtvkgu" cpf" gswkrogpv" ujcnn" dg" tgeqipk|gf" dcugf" qp" equv0" Uwdugswgpv"equvkpi"ujcnn"dg"ogcuwtgf"qp"vjg"equv"pgv"qh"ceewowncvgf"fgrtgekcvkqpu"cpf"ceewowncvgf"korcktogpvu0"
Rtqrtkgvct{"ncpf"ku"pqv"fgrtgekcvgf0"
Tgcn" rtqrgtvkgu" cpf" gswkrogpv" ctg" fgrtgekcvgf" wpfgt" vjg" uvtckijv/nkpg" ogvjqf0"Rctvkewnct"rqtvkqp"ujcnn"dg" kpfkxkfwcnn{"ukpingf"qwv" hqt"fgrtgekcvkqp0"Vjg"eqorcpkgu" kp"vjg" eqpuqnkfcvgf" hkpcpekcn" uvcvgogpvu" tgxkgy" vjg"ogvjqfu" hqt" cuuguuogpv" qh" nkhg" urcp."tgukfwcn" xcnwg" cpf" fgrtgekcvkqp" ogvjqf" qp" vjg" gpfkpi" fc{" qh" gcej" hkuecn" {gct0" Vjg"korcev"qh"ejcpigu" kp"ceeqwpvkpi"guvkocvgu" ku"rtqeguugf" kp"ceeqtfcpeg"ykvj" vjg"rwv/qhh"ogvjqf0"
Vjg"fg/tgeqipk|gf"rtqhkv"qt"nquu"ctkukpi"htqo"vjg"rtqrgtv{."rncpv"cpf"gswkrogpv"ku"vjg"fkhhgtgpeg"dgvyggp"vjg"pgv"fkurqucn"rtqeggfu"cpf"vjg"dqqm"coqwpv"qh"vjg"cuugv"cpf"kv"ku"tgeqipk|gf"kp"rtqhkv"qt"nquu0"
*32+" Kpvcpikdng"cuugvu"
30" Ceswktgf"ugrctcvgn{"
Vjg" kpvcpikdng" cuugv" ykvj" nkokvgf" wughwn" nkhg" ceswktgf" ugrctcvgn{" ycu"qtkikpcnn{"ogcuwtgf"cv"equv"cpf"uwdugswgpvn{"ogcuwtgf"cv"equv."pgv"qh"ceewowncvgf"coqtvk|cvkqp"cpf"ceewowncvgf"korcktogpv"nquugu0"Vjg"eqpuqnkfcvgf"eqorcp{"jcu"fgrtgekcvkqp"crrtqrtkcvgf"kp"ceeqtfcpeg"ykvj"vjg"uvtckijv/nkpg"ogvjqf"cpf."cv"ngcuv"cv" vjg" gpf" qh" gcej" {gct." jcu" vjg" guvkocvgf" wughwn" nkxgu." tgukfwcn" xcnwgu" cpf"coqtvk|cvkqp"ogvjqf" tgxkgygf0"Wpnguu" vjg" eqpuqnkfcvgf" eqorcp{" ku" gzrgevgf" vq"jcxg" vjg" kpvcpikdng"cuugvu"fkurqugf"qh"dghqtg" vjg"gpf"qh" vjgkt" geqpqoke" nkhg." vjg"tgukfwcn"xcnwg"qh"vjg"kpvcpikdng"cuugv"ykvj"nkokvgf"wughwn"nkxgu"ku"guvkocvgf"cv"|gtq0"Vjg"korcev"qh"ejcpigu"kp"ceeqwpvkpi"guvkocvgu"ku"rtqeguugf"kp"ceeqtfcpeg"ykvj"vjg"rwv/qhh"ogvjqf0"Kpvcpikdng"cuugv"ykvj"kpfghkpkvg"wughwn"nkxgu"ku"ogcuwtgf"cv"equv"pgv"qh"ceewowncvgf"korcktogpv"nquugu0"
40" Fg/tgeqipkvkqp"
137
42"
Vjg" fg/tgeqipk|gf" rtqhkv" qt" nquu" ctkukpi" htqo" vjg" kpvcpikdng" cuugvu" ku" vjg"fkhhgtgpeg"dgvyggp"vjg"pgv"fkurqucn"rtqeggfu"cpf"vjg"dqqm"coqwpv"qh"vjg"cuugv"cpf"kv"ku"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
*33+" Korcktogpv"qh"vcpikdng"cpf"kpvcpikdng"cuugvu"*gzegrv"hqt"iqqfyknn+0"
Vjg"eqpuqnkfcvgf"eqorcp{"cv"gcej"dcncpeg"ujggv"fcvg"ku"vq"cuuguu"yjgvjgt"vjgtg"ku"cp{"kpfkecvkqp"qh"vjg"korcktogpv"qeewttkpi"vq"vjg"vcpikdng"cpf"kpvcpikdng"cuugvu"*gzegrv"hqt"iqqfyknn+0"Kh"vjgtg"ku"cp{"kpfkecvkqp"qh"korcktogpv"qeewttkpi."vjg"tgeqxgtcdng"coqwpv"qh"vjg"cuugv"ujqwnf"dg"guvkocvgf0"Kh"vjg"tgeqxgtcdng"coqwpv"qh"cp"kpfkxkfwcn"cuugv"ecppqv"dg" guvkocvgf." vjg" eqpuqnkfcvgf" eqorcp{" ku" vq" guvkocvg" vjg" tgeqxgtcdng" coqwpv" qh" vjg"tgurgevkxg" ecuj/igpgtcvkpi" wpkv0" Kh" vjg" eqoowpkv{" cuugvu" ecp" dg" coqtvk|gf" vq" vjg"ecuj/igpgtcvkpi"wpkvu"qp"c"tgcuqpcdng"cpf"eqpukuvgpv"dcuku." kv" ku"cnnqecvgf"vq" kpfkxkfwcn"ecuj/igpgtcvkpi" wpkv" qt" kv" ku" cnnqecvgf" vq" vjg" uocnnguv" ecuj/igpgtcvkpi" enwuvgt" qp" c"tgcuqpcdng"cpf"eqpukuvgpv"dcuku0"
Vjg"kpvcpikdng"cuugv"ykvj"kpfghkpkvg"wughwn"nkxgu"cpf"pqv"{gv"cxckncdng"hqt"wug"ujqwnf"dg"vguvgf"hqt"korcktogpv"cv"ngcuv"cppwcnn{"qt"ujqwnf"dg"vguvgf"yjgp"vjgtg"ku"cp"kpfkecvkqp"qh"korcktogpv0"
Vjg"tgeqxgtcdng"coqwpv"ku"vjg"hckt"xcnwg"pgv"qh"equv"qt"vjg"xcnwg"kp"wug"yjkejgxgt"ku"jkijgt0"Yjgp"vjg"tgeqxgtcdng"coqwpv"qh"cp"kpfkxkfwcn"cuugv"qt"ecuj/igpgtcvkpi"wpkv"ku"nguu"vjcp"kvu"dqqm"coqwpv."vjg"dqqm"coqwpv"qh"vjg"cuugv"qt"ecuj/igpgtcvkpi"wpkv"ujqwnf"dg"tgfwegf"vq"kvu"tgeqxgtcdng"coqwpv0"
Yjgp"vjg"korcktogpv"nquu"ycu"tgxgtugf"uwdugswgpvn{."vjg"dqqm"coqwpv"qh"vjg"cuugv"qt" ecuj/igpgtcvkpi" wpkv" ku" kpetgcugf" vq" vjg" cflwuvgf" tgeqxgtcdng" coqwpv." dwv" vjg"kpetgcugf"dqqm"coqwpv"oc{"pqv"gzeggf"vjg"dqqm"coqwpv"qh"vjg"cuugv"qt"ecuj/igpgtcvkpi"wpkv"ykvjqwv" tgeqipk|kpi" vjg" korcktogpv" nquu" kp" rtkqt" rgtkqfu" *pgv" qh" coqtvk|cvkqp" qt"fgrtgekcvkqp+0"Vjg"tgxgtugf"korcktogpv"nquu"ku"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
*34+" Hkpcpekcn"kpuvtwogpvu"
Yjgp"vjg"eqpuqnkfcvgf"eqorcp{"jcu"dgeqog"c"rctv{"vq"vjg"kpuvtwogpv"eqpvtcev."vjg"hkpcpekcn"cuugvu"cpf"hkpcpekcn"nkcdknkvkgu"ctg"vq"dg"tgeqipk|gf"kp"vjg"eqpuqnkfcvgf"dcncpeg"ujggv0"
Hqt" vjg" kpkvkcn" tgeqipkvkqp" qh" vjg" hkpcpekcn" cuugvu" cpf" hkpcpekcn" nkcdknkvkgu." kh" vjg"hkpcpekcn" cuugvu" qt" hkpcpekcn" nkcdknkvkgu" ctg" pqv"ogcuwtgf" cv" hckt" xcnwg" vjtqwij"rtqhkv" qt"nquu."kv"ku"ogcuwtgf"cv"hckt"xcnwg"rnwu"vtcpucevkqp"equv"vjcv"ku"fktgevn{"cvvtkdwvcdng"vq"vjg"ceswkukvkqp" qt" kuuwcpeg" qh" hkpcpekcn" cuugvu" qt" hkpcpekcn" nkcdknkvkgu0" Vjg" vtcpucevkqp" equv"fktgevn{" cvvtkdwvcdng" vq" vjg" ceswkukvkqp" qt" kuuwcpeg" qh" hkpcpekcn" cuugvu" qt" hkpcpekcn"nkcdknkvkgu"vjcv"ctg"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"ku"koogfkcvgn{"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
30" Hkpcpekcn"cuugvu"
Vjg"ewuvqoct{"vtcpucevkqp"qh"hkpcpekcn"cuugvu" ku"tgeqipk|gf"cpf"fg/tgeqipk|gf"kp"ceeqtfcpeg"ykvj" vjg" vtcfg"fcvg"ceeqwpvkpi0"C"ewuvqoct{" vtcpucevkqp"tghgtu" vq" vjg"rwtejcug" qt" ucng" qh" hkpcpekcn" cuugvu" cpf" vjg" fgnkxgt{" rgtkqf" ku"ykvjkp" vjg" rgtkqf"rtguetkdgf"d{"vjg"tgiwncvkqpu"qt"ewuvqoct{"octmgv"rtcevkeg<"
*3+" Encuukhkecvkqp"qh"ogcuwtgogpv"
Vjg" hkpcpekcn" cuugvu" jgnf" d{" vjg" eqorcpkgu" kp" vjg" eqpuqnkfcvgf" uvcvgogpvu"ctg"hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu."hkpcpekcn"cuugvu"jgnf"vq"ocvwtkv{."hkpcpekcn"cuugvu"cxckncdng"hqt"ucng."cpf"nqcpu"cpf"tgegkxcdngu0"
C0"Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu"
138
43"
Hkpcpekcn" cuugvu" ogcuwtgf" cv" hckt" xcnwg" vjtqwij" rtqhkv" qt" nquu"kpenwfgu" jgnf/hqt/ucng" cpf" fgukipcvgf" hkpcpekcn" cuugvu" ogcuwtgf" cv" hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu0"
Hkpcpekcn" cuugv" ogcuwtgf" cv" hckt" xcnwg" vjtqwij" rtqhkv" qt" nquu" ku"ogcuwtgf"cv"hckt"xcnwg"cpf"vjg"rtqhkv"qt"nquu"igpgtcvgf"htqo"vjg"ugeqpfct{"ogcuwtgogpv"ku"tgeqipk|gf"cu"rtqhkv"qt"nquu"*pqv"kpenwfgu"cp{"fkxkfgpf"qt"kpvgtguv"ctkukpi" htqo"vjg" hkpcpekcn"cuugv+0"Rngcug"tghgt" vq"Pqvg"59"hqt" vjg"fgvgtokpcvkqp"qh"hckt"xcnwg0"
Kh"vjg"hkpcpekcn"cuugv"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"ku"cp"gswkv{"kpxguvogpv"pq"rwdnke"octmgv"rtkeg"cxckncdng"cpf"vjg"hckt"xcnwg"ecppqv" dg" tgnkcdn{" ogcuwtgf" cpf" vjg" fgtkxcvkxgu" vjcv" ctg" nkpmgf" vq" vjg"gswkv{" kpuvtwogpv" ykvjqwv" c" octmgv" swqvg" cpf" vjg" ugvvngogpv" owuv" dg"eqorngvgf" ykvj" vjg" gswkv{" kpuvtwogpv" fgnkxgtgf." kv" ku" ogcuwtgf"uwdugswgpvn{" cv" equv." pgv" qh" vjg" korcktogpv" nquu" cpf" kv" ku" kpfkxkfwcnn{"dqqmgf" as “Fkpcpekcn" cuugvu"ogcuwtgf" cv" cost.”" Kh" vjgug" hkpcpekcn" cuugvu"ecp"dg"ogcuwtgf"uwdugswgpvn{"cv"hckt"xcnwg"tgnkcdn{."kv"ku"ogcuwtgf"cickp"cv"hckt"xcnwg"cpf"vjg"fkhhgtgpeg"dgvyggp"vjg"dqqm"coqwpv"cpf"hckt"xcnwg"ku"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
D0"Jgnf/vq/ocvwtkv{"kpxguvogpvu"
Vjg" iqxgtpogpv" dqpfu" cpf" fqoguvke" cpf" kpvgtpcvkqpcn" eqtrqtcvg"dqpfu"cpf"hqtgkip"iqxgtpogpv"dqpfu"ykvj"urgekhke"etgfkv"tcvkpiu"vjcv"ctg"kpxguvgf"d{"vjg"eqpuqnkfcvgf"eqorcp{"cpf"vjg"eqpuqnkfcvgf"eqorcp{"jcu"vjg" rqukvkxg" kpvgpvkqp" cpf" cdknkv{" vq" jqnf" kv" vq"ocvwtkv{" ctg" encuukhkgf" cu"jgnf/vq/ocvwtkv{"kpxguvogpvu0"
Vjg"jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu"chvgt"vjg"kpkvkcn"tgeqipkvkqp"ctg"ogcuwtgf" cv" vjg" coqtvk|gf" equv" chvgt" fgfwevkpi" korcktogpv" nquugu" kp"ceeqtfcpeg"ykvj"vjg"ghhgevkxg"kpvgtguv"ogvjqf0"
E0"Cxckncdng/hqt/Ucng"Hkpcpekcn"Cuugvu"
Cxckncdng/hqt/ucng"hkpcpekcn"cuugvu"ctg"pqp/fgtkxcvkxg"hkpcpekcn"cuugvu"vjcv"ctg"fgukipcvgf"cu"cxckncdng/hqt/ucng"qt"ctg"pqv"encuukhkgf"cu"nqcpu"cpf"tgegkxcdngu."jgnf/vq/ocvwtkv{"kpxguvogpvu"qt"hkpcpekcn"cuugvu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu0"
Hkpcpekcn"cuugvu"cxckncdng"hqt"ucng"ctg"ogcuwtgf"cv"hckt"xcnwg0"Kh" vjg"ejcpig" kp" dqqm" xcnwg" qh" hkpcpekcn" cuugvu" cxckncdng" hqt" ucng" ku" gzejcpig"ickp1nquu"htqo"hqtgkip"ewttgpekgu."tgeqipk|g"cu"rtqhkv"qt"nquu"dcugf"qp"vjg"kpvgtguv" kpeqog" ecnewncvgf" wpfgt" vjg" ghhgevkxg" kpvgtguv" tcvg0" Vjg" ucog"rtkpekrng"ku"crrnkecdng"vq"vjg"fkxkfgpf"qh"gswkv{"kpxguvogpv"cxckncdng"hqt"ucng0" Vjg" ejcpigu" kp" vjg" dqqm" xcnwg" qh" vjg" qvjgt" cxckncdng/hqt/ucng"hkpcpekcn"cuugvu"ctg" tgeqipk|gf" kp" vjg"qvjgt"eqortgjgpukxg"rtqhkv"qt" nquu"cpf"ctg"tgencuukhkgf"vq"vjg"rtqhkv"qt"nquu"wrqp"fkurqucn"qh"vjg"kpxguvogpv"qt"yjgp"vjg"korcktogpv"ku"eqphktogf0"
Vjg"fkxkfgpf"qh"cxckncdng/hqt/ucng"gswkv{"kpxguvogpvu"ku"tgeqipk|gf"yjgp"vjg"tkijv"vq"eqnngevkqp"qh"vjg"eqpuqnkfcvgf"eqorcp{"ku"guvcdnkujgf0"
Kh" vjg" cxckncdng/hqt/ucng" hkpcpekcn" cuugv" ku" cp" gswkv{" kpxguvogpv"ykvjqwv"c"octmgv"swqvg"kp"cp"cevkxg"octmgv"cpf"vjg"hckt"xcnwg"ecppqv"dg"tgnkcdn{" ogcuwtgf" cpf" vjg" fgtkxcvkxgu" vjcv" ctg" nkpmgf" vq" vjg" gswkv{"kpuvtwogpv"ykvjqwv"c"octmgv"swqvg"cpf"vjg"ugvvngogpv"owuv"dg"eqorngvgf"ykvj"vjg"gswkv{"kpuvtwogpv"fgnkxgtgf."kv"ku"ogcuwtgf"uwdugswgpvn{"cv"equv."pgv"qh"korcktogpv"nquu."cpf"kv"ku"kpfkxkfwcnn{"dqqmgf"as “Fkpcpekcn"cuugvu"ogcuwtgf" cv" cost.”" Kh" uwej" hkpcpekcn" cuugvu" eqwnf" dg" uwdugswgpvn{"
139
44"
ogcuwtgf" cv" hckt" xcnwg."ogcuwtg" dcugf" qp" hckt" xcnwg" cpf" vjg" fkhhgtgpeg"dgvyggp"vjg"dqqm"xcnwg"cpf"vjg"hckt"xcnwg"ujcnn"dg"tgeqipk|gf"wpfgt"qvjgt"eqortgjgpukxg"kpeqog0"Kp"ecug"qh"korcktogpv."tgeqipk|g"cu"rtqhkv"qt"nquu0"
F0"Nqcpu"cpf"ceeqwpvu"tgegkxcdng"
Nqcpu"cpf"tgegkxcdngu"*kpenwfkpi"ceeqwpvu"tgegkxcdng."ecuj"cpf"ecuj"gswkxcngpvu." cpf" dqpf" kpxguvogpvu" ykvjqwv" cp" cevkxg" octmgv+" ctg"ogcuwtgf"cv" vjg"coqtvk|gf"equv"chvgt"fgfwevkpi"vjg"korcktogpv" nquugu"kp"ceeqtfcpeg"ykvj" vjg" ghhgevkxg" kpvgtguv"ogvjqf." gzegrv" hqt" vjg" kpvgtguv" qh"ujqtv/vgto"ceeqwpvu"tgegkxcdng"vjcv"ku"kpukipkhkecpv0"
Ecuj"gswkxcngpvu"ctg"vkog"fgrqukvu"ykvjkp"5"oqpvju"htqo"vjg"fcvg"qh"ceswkukvkqp."ykvj"jkij"nkswkfkv{."ecp"dg"eqpxgtvgf"kpvq"ecuj"ykvj"octikpcn"tkum"qp"vjg"ejcpig"kp"xcnwg."cpf"ctg"wugf"hqt"vjg"hwnhknnogpv"qh"ujqtv/vgto"eqookvogpv"kp"ecuj"ugvvngogpv0"
*4+" Korcktogpv"qh"hkpcpekcn"cuugvu"
Gzegrv"hqt"vjg"hkpcpekcn"cuugvu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu." vjg" eqpuqnkfcvgf" eqorcp{" gzcokpgu"yjgvjgt" vjgtg" ku" cp" gxkfgpeg" qh"korcktogpv"qeewttkpi"qp"vjg"qvjgt"hkpcpekcn"cuugvu"cv"gcej"dcncpeg"ujggv"fcvg0"Yjgp"vjgtg"ku"qdlgevkxg"gxkfgpeg"qh"qpg"qt"oqtg"gxgpvu"qeewttkpi"chvgt"vjg"kpkvkcn"tgeqipkvkqp"qh"hkpcpekcn"cuugvu"ykvj"c"tguwnvkpi"nquu"vq"vjg"hwvwtg"ecuj"hnqy" qh" vjg" hkpcpekcn" cuugv." vjg" korcktogpv" qh" hkpcpekcn" cuugvu" jcf" cntgcf{"qeewttgf0"
Hqt" hkpcpekcn" cuugvu" ogcuwtgf" cv" vjg" coqtvk|gf" equv." uwej" cu" nqcpu."fkueqwpvu." gzejcpig" rwtejcugf" cpf" ceeqwpvu" tgegkxcdng." vjg" cuugvu" vjcv" ctg"kpfkxkfwcnn{" cuuguugf" ykvjqwv" cp{" korcktogpv" kfgpvkhkgf" ctg" eqnngevkxgn{"tgcuuguugf" hqt" korcktogpv0" Vjg" eqnngevkxg" qdlgevkxg" gxkfgpeg" qh" vjg"korcktogpv" qh" tgegkxcdngu" oc{" kpenwfg" the consolidated company’s gzrgtkgpeg"qh"eqnngevkqp."vjg"kpetgcug"kp"eqnngevkxg"fghgttgf"rc{ogpv"cpf"vjg"qdugtxcdng" ejcpigu" kp" pcvkqpcn" qt" nqecn" geqpqoke" eqpfkvkqpu" tgncvgf" vq"tgegkxcdngu"cttgctcigu0"Qdlgevkxg"gxkfgpeg"hqt"korcktogpv"oc{"kpenwfg<"
C0"Ukipkhkecpv"hkpcpekcn"fkhhkewnv{"qh"vjg"kuuwgt"qt"fgdvqtu<"
D0"Dtgcej" qh" eqpvtcev." uwej" cu." kpvgtguv" qt" rtkpekrcn" rc{ogpv" fgnc{u" qt"fghcwnvu="
E0"The possibility of debtor’s" gpvgtkpi" dcpmtwrve{" qt" qvjgt" hkpcpekcn"tgqticpk|cvkqp"ku"itgcvn{"kpetgcugf="qt"
F0"Hkpcpekcn" fkhhkewnvkgu"oc{" ecwug" vjg" cevkxg"octmgv" hqt" hkpcpekcn" cuugv" vq"fkucrrgct0"
Hwtvjgtoqtg."ceeqtfkpi" vq" vjg"“Tgiwncvkqpu"Iqxgtpkpi" vjg"Rtqegfwtgu"hqt" Dcpmkpi" Kpuvkvwvkqpu" vq" Gxcnwcvg" Cuugvu" cpf" Fgcn”" ykvj"Pqp/rgthqtokpi1Pqp/ceetwcn"Nqcpu."vjg"Dcpm"gxcnwcvgu"vjg"eqnngevcdknkv{"qh"loaned assets according to the borrower’s financial condition and the tgrc{ogpv"qh"rtkpekrcn"cpf"kpvgtguv"cpf"cnuq"dcugf"qp"vjg"gxcnwcvgf"xcnwg"qh"vjg"eqnncvgtcn"rtqxkfgf"hqt"urgekhke"etgfkv0"Ceeqtfkpi"vq"vjg"chqtgogpvkqpgf"tgswktgogpv." pqp/rgthqtokpi" nqcpu" ujcnn" dg" tgeqipk|gf" cu" cuugvu" wpfgt" vjg"ecvgiqtkgu" qh" nquu." fqwdvhwn." uwduvcpfctf." urgekcn" ogpvkqp." cpf" pqtocn"fgrgpfkpi"qp"vjg"eqnncvgtcnu"cpf"qxgtfwg"rgtkqf0"Ceeqtfkpin{."rtqxkukqp"hqt"nquu" cv" 322'." 72'." 32'." 4'" cpf" 3'" ujcnn" dg" tgeqipk|gf" cu" rgt" vjg"tgswktgogpv" qh" Hkpcpekcn" Uwrgtxkuqt{" Eqookuukqp" Ngvvgt"Ejkp/Mwcp/[kp/Hc/\k" Pq0" 32232228:520" Kh" vjg" rtqxkukqp" hqt" dcf" fgdvu"ceeqwpvgf" hqt" oqtg" vjcp" 3'" qh" vjg" vqvcn" ngpfkpi." vjg" rtqrqtvkqp" hqt" vjg"
140
45"
rtqxkukqp"hqt"dcf"fgdvu"hqt"tgcn"rtqrgtvkgu"ujcnn"pqv"hcnn"dgnqy"307'"rwtuwcpv"vq"Ngvvgt"Ejkp/Mwcpi/[kp/Mwq/\k"Pq0"3252254;6620"
Vjg" korcktogpv"coqwpv"qh" vjg"hkpcpekcn"cuugvu"ogcuwtgf"cv"coqtvk|gf"equv" ku" vjg"fkhhgtgpeg"dgvyggp" vjg"dqqm"xcnwg"qh" vjg"cuugvu"cpf" vjg"rtgugpv"xcnwg" qh" vjg" hwvwtg" ecuj" hnqyu" fkueqwpvgf" cv" the financial asset’u" qtkikpcn"ghhgevkxg"kpvgtguv"tcvg0"
Kh" vjg" hkpcpekcn" cuugvu" dgkpi" tgeqipk|gf" chvgt" vjg" coqtvk|cvkqp" qh" vjg"equv"ujqygf"c"fgetgcug"qh"vjg"coqwpv"qh"korcktogpv"kp"uwdugswgpv"rgtkqfu."cpf" vjg" fgetgcugf" coqwpv" qh" korcktogpv" ku" tgncvgf" vq" vjg" gxgpvu" chvgt" vjg"tgeqipkvkqp" hqt" korcktogpv." vjg" korcktogpv" uq" tgeqipk|gf" rtgxkqwun{" ujcnn"dg" fktgevn{" tgxgtugf" qt" xkc" vjg" cflwuvogpv" qh" rtqxkukqp" qh" ceeqwpvu" cpf"tgeqipk|gf"cu"rtqhkv"qt"nquu0"Jqygxgt."vjg"coqwpv"qh"uwej"tgxgtucn"ujcnn"pqv"gzeggf" vjg"equv"chvgt"coqtvk|cvkqp"dghqtg" vjg" tgeqipkvkqp"qh" korcktogpv"qp"vjg"fc{"qh"tgeqipkvkqp0"
Yjgp"vjg"hckt"xcnwg"qh"vjg"cxckncdng/hqt/ucng"gswkv{"kpxguvogpvu"dgnqy"equv" cpf" vjg" fgenkpg" ku" ukipkhkecpv" qt" rgtukuvgpv." kv" yknn" dg" fggogf" cu" cp"qdlgevkxg"gxkfgpeg"qh"korcktogpv0"
Yjgp"cxckncdng/hqt/ucng"hkpcpekcn"cuugv"ku"korcktgf."vjg"ewowncvkxg"nquu"rtgxkqwun{" tgeqipk|gf" kp" vjg" qvjgt" eqortgjgpukxg" rtqhkv" qt" nquu" yknn" dg"tgencuukhkgf"kpvq"rtqhkv"qt"nquu0"
Vjg"korcktogpv"nquu"qh"vjg"cxckncdng/hqt/ucng"gswkv{"kpuvtwogpvu"vjcv"ku"cntgcf{" tgeqipk|gf" kp" vjg" rtqhkv" qt" nquu" oc{" pqv" dg" tgxgtugf" vjtqwij" vjg"rtqhkv" qt" nquu0" Vjg" hckt" xcnwg" tgxgtugf" coqwpv" chvgt" tgeqipk|kpi" vjg"korcktogpv"nquugu"ku"tgeqipk|gf"kp"vjg"qvjgt"eqortgjgpukxg"rtqhkv"qt"nquu0"Kh"vjg" hckt" xcnwg" qh" vjg" cxckncdng/hqt/ucng" hkpcpekcn" cuugvu" kpetgcugf" kp" vjg"uwdugswgpv" rgtkqf" cpf" vjg" kpetgcug" ku" qdlgevkxgn{" nkpmgf" vq" cp" gxgpv"qeewttkpi"chvgt"vjg"korcktogpv"ku"tgeqipk|gf."vjg"korcktogpv"nquu"ku"tgxgtugf"cpf"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
Hqt" vjg" qdlgevkxg" gxkfgpeg" qh" korcktogpv" qh" qvjgt" hkpcpekcn" cuugvu."rngcug"tghgt"vq"vjg"pqvg"qp"hkpcpekcn"cuugvu"dqqmgf"cv"vjg"coqtvk|gf"equv0"
Vjg"korcktogpv"coqwpv"qh"vjg"hkpcpekcn"cuugvu"ogcuwtgf"cv"equv"ku"vjg"fkhhgtgpeg"dgvyggp"vjg"dqqm"xcnwg"qh"vjg"cuugvu"cpf"vjg"rtgugpv"xcnwg"qh"vjg"hwvwtg" ecuj" hnqyu"fkueqwpvgf" cv" the financial asset’u" ewttgpv"octmgv" tcvg"qh"tgvwtp0"Vjg"uckf"korcktogpv"nquu"ujcnn"pqv"dg"tgxgtugf"kp"uwdugswgpv"rgtkqfu0"
Vjg"korcktogpv"nquu"qh"cnn"hkpcpekcn"cuugvu"ku"fktgevn{"fgfwevgf"htqo"vjg"dqqm"coqwpv"qh"vjg"hkpcpekcn"cuugv0"Jqygxgt."vjg"dqqm"xcnwg"qh"vjg"ceeqwpvu"tgegkxcdng" cpf" nqcpu" ku" cflwuvgf"fqyp"d{" vjg" cnnqycpeg" hqt"dcf"fgdv0"Vjg"ceeqwpvu" tgegkxcdng" cpf" nqcpu" vjcv" ctg" eqpenwfgf" vq" dg" wpeqnngevkdng" ctg"ytkvvgp"qhh"cickpuv"vjg"cnnqycpeg"ceeqwpv0"Vjg"coqwpv"rtgxkqwun{"ytkvvgp"qhh"cpf"eqnngevgf"uwdugswgpvn{"ku"etgfkvgf"vq"vjg"cnnqycpeg"ceeqwpv0"Ejcpigu"kp"vjg" dqqm" coqwpv" qh" vjg" cnnqycpeg" ceeqwpv" ctg" tgeqipk|gf" kp" vjg" rtqhkv" qt"nquu0"
*5+" Vjg"fg/tgeqipkvkqp"qh"hkpcpekcn"cuugvu"
Vjg" eqpuqnkfcvgf" eqorcp{" jcu" hkpcpekcn" cuugvu" fg/tgeqipk|gf" qpn{"yjgp"vjg"eqpvtcevwcn"tkijvu"htqo"vjg"ecuj"hnqyu"qh"c"hkpcpekcn"cuugv"dgeqogu"kpxcnkf"qt"yjgp" vjg" hkpcpekcn"cuugvu"ctg" vtcpuhgttgf"cpf"cnoquv"cnn" vjg"tkumu"cpf" tgyctfu" qh" vjg" cuugv" qypgtujkr" jcxg" dggp" vtcpuhgttgf" vq" qvjgt"gpvgtrtkugu0"
141
46"
Yjgp"fg/tgeqipk|kpi"c"hkpcpekcn"cuugv."vjg"fkhhgtgpeg"dgvyggp"vjg"dqqm"coqwpv" cpf" vjg" eqpukfgtcvkqp" tgegkxgf" rnwu" cp{" ewowncvkxg" rtqhkv" qt" nquu"tgeqipk|gf" kp" vjg" qvjgt" eqortgjgpukxg" rtqhkv" qt" nquu" ku" tgeqipk|gf" kp" vjg"rtqhkv"qt"nquu0"
40" Gswkv{"kpuvtwogpvu"
Vjg" fgdv" cpf" gswkv{" kpuvtwogpvu" kuuwgf" d{" vjg" eqpuqnkfcvgf" eqorcp{" ctg"encuukhkgf"cu" hkpcpekcn" nkcdknkvkgu"qt"gswkv{"rwtuwcpv" vq" vjg"eqpvtcevwcn"citggogpvu"cpf"vjg"fghkpkvkqp"qh"hkpcpekcn"nkcdknkvkgu"cpf"gswkv{"kpuvtwogpvu0"
Gswkv{"kpuvtwogpvu"kuuwgf"d{"vjg"eqpuqnkfcvgf"eqorcp{"ctg"tgeqipk|gf"hqt"cp"coqwpv"chvgt"fgfwevkpi"vjg"fktgev"kuuwkpi"equv"htqo"vjg"rtqeggfu"eqnngevgf0"
The Company’s equity" tgvtkgxgf" ku" fgdkvgf" qt" etgfkvgf" vq" vjg" gswkv{0" Vjg"Company’s equity purchased, sold." kuuwgf." qt" ecpegnngf" ku" pqv" tgeqipk|gf" kp" vjg"rtqhkv"qt"nquu0"
50" Hkpcpekcn"nkcdknkvkgu"
*3+" Uwdugswgpv"ogcuwtgogpv"
Cnn" hkpcpekcn" cuugvu" ujcnn"dg"ogcuwtgf"wpfgt" vjg"ghhgevkxg" kpvgtguv" tcvg"ogvjqf" qp" vjg" equv" chvgt" coqtvk|cvkqp" gzegrv" wpfgt" vjg" hqnnqykpi"ektewouvcpegu<"
C0"Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu"
Hkpcpekcn" nkcdknkvkgu" ogcuwtgf" cv" hckt" xcnwg" vjtqwij" rtqhkv" qt" nquu"kpenwfgu"jgnf/hqt/ucng"cpf"fgukipcvgf"hkpcpekcn"nkcdknkvkgu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu0"
Hkpcpekcn"nkcdknkv{"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"vjg"rtqhkv"qt"nquu"ku"ogcuwtgf"cv"hckt"xcnwg"cpf"vjg"rtqhkv"qt"nquu"igpgtcvgf"htqo"vjg"ugeqpfct{"ogcuwtgogpv"ku"tgeqipk|gf"cu"c"rtqhkv"qt"nquu0"Vjg"ickp"qt"nquu"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu"fqgu"pqv"kpenwfg"cp{"fkxkfgpfu"qt"kpvgtguv"rckf"hqt"vjg"hkpcpekcn" nkcdknkv{0" Rngcug" tghgt" vq"Pqvg" 59" hqt" vjg" fgvgtokpcvkqp" qh" hckt"xcnwg0"
Kh"vjg"hkpcpekcn"nkcdknkv{"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"vjg"rtqhkv"qt"nquu" ku<" *c+" vjg" ucng" qh" cp" gswkv{" yjqug" hckt" xcnwg" ecppqv" dg" tgnkcdn{"ogcuwtgf"cpf"jcu"pq"octmgv"swqvg."cpf"vjg"ugvvngogpv"qh"vjg"gswkv{"owuv"dg"eqorngvgf"ykvj"vjg"gswkv{"fgnkxgtgf="qt"*d+"c"fgtkxcvkxg"nkcdknkv{"vjcv"ku"nkpmgf" vq"cp"gswkv{" vjcv"ecppqv"dg" tgnkcdn{"ogcuwtgf"cpf"jcu"pq"octmgv"swqvg."cpf"vjg"ugvvngogpv"qh"vjg"gswkv{"owuv"dg"eqorngvgf"ykvj"vjg"gswkv{"fgnkxgtgf." kv" ku" ogcuwtgf" cv" equv" qp" vjg" dcncpeg" ujggv" fcvg" cpf" kv" ku"kpfkxkfwcnn{" dqqmgf" as “Fkpcpekcn" cuugvu" ogcuwtgf" cv" cost.”" Kh" vjgug"hkpcpekcn"nkcdknkvkgu"ecp"uwdugswgpvn{"dg"tgnkcdn{"ogcuwtgf"cv"hckt"xcnwg."kv"ku" ogcuwtgf" cickp" cv" hckt" xcnwg" cpf" vjg" fkhhgtgpeg" dgvyggp" vjg" dqqm"coqwpv"cpf"vjg"hckt"xcnwg"ku"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
D0"Hkpcpekcn"iwctcpvgg"eqpvtcev"
Vjg"hkpcpekcn"iwctcpvgg"eqpvtcevu"vjcv"ctg"pqv"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"vjg"rtqhkv"qt" nquu" kuuwgf"d{"vjg"eqpuqnkfcvgf"Eqorcp{."chvgt"vjg"kpkvkcn" tgeqipkvkqp." ctg" ogcuwtgf" cv" equv" chvgt" coqtvk|cvkqp0" Kh" urgekhke"coqwpv"ujcnn"dg"rc{cdng"wpfgt"eqpvtcevwcn"qdnkicvkqp"wpfgt"cuuguuogpv."vjg" qrvkocn" guvkocvgf" coqwpv" cpf" vjg" coqwpv" chvgt" coqtvk|cvkqp" wpfgt"eqpvtcevwcn"qdnkicvkqp"ujcnn"dg"ogcuwtgf."yjkejgxgt"ku"jkijgt0"
*4+" Fg/tgeqipkvkqp"qh"hkpcpekcn"nkcdknkvkgu"
142
47"
Yjgp" fg/tgeqipk|kpi" hkpcpekcn" nkcdknkvkgu." vjg" fkhhgtgpeg" dgvyggp" vjg"dqqm"coqwpv"cpf"vjg"eqpukfgtcvkqp"rckf"*kpenwfkpi"cp{"vtcpuhgttgf"pqp/ecuj"cuugvu"qt"cuuwogf"nkcdknkvkgu+"ku"tgeqipk|gf"cu"rtqhkv"qt"nquu0"
60" Eqpxgtvkdng"eqtrqtcvg"dqpfu"
Eqpxgtvkdng" dqpfu" kuuwgf" d{" vjg" eqpuqnkfcvgf" eqorcp{" kpenwfg" dqvj"nkcdknkvkgu"cpf"eqpxgtvkdng"tkijvu"cpf"ctg"encuukhkgf"vq"vjg"tgurgevkxg"ecvgiqt{"cv"vjg"kpkvkcn"tgeqipkvkqp0"Eqpxgtvkdng"tkijvu"vjcv"ctg"pqv"wukpi"c"hkzgf"coqwpv"qh"ecuj"qt"qvjgt" hkpcpekcn" cuugvu" kp" gzejcpig" hqt" vjg" ugvvngogpv" qh" vjg" eqpuqnkfcvgf"company’s equity instruments ctg"encuukhkgf"cu"eqpxgtvkdng"tkijvu"fgtkxcvkxgu0"Vjg"nkcdknkv{"cpf"eqpxgtvkdng"tkijv"ku"tgeqipk|gf"cv"hckt"xcnwg"qp"vjg"fcvg"qh"kuuwcpeg0"
Kp"uwdugswgpv"rgtkqfu."vjg"nkcdknkv{"eqorqpgpv"qh"vjg"eqpxgtvkdng"dqpfu"wukpi"vjg" ghhgevkxg" kpvgtguv" ogvjqf" fgrctvogpv" ecttkgf" cv" coqtvk|gf" equv" Eqpxgtvkdng"tkijv"fgtkxcvkxg"ku"ogcuwtgf"cv"hckt"xcnwg"cpf"vjg"ejcpig"kp"hckt"xcnwg"ku"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu0"
Vtcpucevkqp" equv" cuuqekcvgf" ykvj" vjg" kuuwcpeg" qh" eqpxgtvkdng" dqpfu" ku"coqtvk|gf"vq"vjg"nkcdknkvkgu"cpf"eqpxgtvkdng"tkijvu"qh"vjg"kpuvtwogpv"rtqrqtvkqpcvgn{"vq"vjg"hckt"xcnwg0"Vtcpucevkqp"equv"cuuqekcvgf"ykvj"vjg"eqpxgtvkdng"tkijvu"fgtkxcvkxg"ku" tgeqipk|gf" fktgevn{" kp" vjg" rtqhkv" qt" nquu=" vtcpucevkqp" equv" cuuqekcvgf" ykvj" vjg"nkcdknkv{" yknn" dg" kpenwfgf" kp" vjg" dqqm" coqwpv" qh" vjg" nkcdknkv{" cpf" kv" yknn" dg"coqtvk|gf" qxgt" vjg" fwtcvkqp" qh" vjg" eqpxgtvkdng" dqpf" kp" ceeqtfcpeg" ykvj" vjg"ghhgevkxg"kpvgtguv"ogvjqf0"
70" Fgtkxcvkxgu"
Vjg" fgtkxcvkxg" kpuvtwogpvu" ukipgf" d{" vjg" eqpuqnkfcvgf" eqorcp{" kpenwfg"hqtyctf" hqtgkip" gzejcpig" eqpvtcevu." ewttgpe{" uycr" eqpvtcevu." cpf" eqpxgtvkdng"dqpf"cuugv"uycr"eqpvtcevu"vjcv"ctg"wugf"vq"ocpcig"vjg"kpvgtguv"tcvg"cpf"gzejcpig"tcvg"tkum"qh"vjg"eqpuqnkfcvgf"eqorcp{0"
Wrqp"ukipkpi" vjg"eqpvtcevu."fgtkxcvkxgu"ctg"tgeqipk|gf"cv" hckt"xcnwg" kpkvkcnn{"cpf"vjgp"uwdugswgpvn{"ogcuwtgf"cv"hckt"xcnwg"qp"vjg"dcncpeg"ujggv"fcvg0"Vjg"rtqhkv"qt" nquu" tguwnvkpi" htqo" vjg" uwdugswgpv"ogcuwtgogpv" ku" fktgevn{" dqqmgf" wpfgt" vjg"rtqhkv" qt" nquu0" Vjgp." vjg" vkokpi" qh" tgeqipk|kpi" vjg" fgukipcvgf" cpf" ghhgevkxg"jgfikpi"fgtkxcvkxgu"fgrgpfu"qp"vjg"pcvwtg"qh"vjg"jgfikpi"tgncvkqpujkr0"Yjgp"vjg"hckt"xcnwg"qh" vjg"fgtkxcvkxgu" ku"rqukvkxg." kv" ku"encuukhkgf"cu"c"hkpcpekcn"cuugv="yjgp"vjg"hckt"xcnwg"ku"pgicvkxg."kv"ku"encuukhkgf"cu"c"hkpcpekcn"nkcdknkv{0"
Vjg" tkum" cpf" hgcvwtgu" qh" cp" godgffgf" fgtkxcvkxg" kpuvtwogpv" cpf" vjg"ockp"eqpvtcev" ctg"pqv" enqugn{" tgncvgf"cpf" kh" vjg"ockp" eqpvtcev" ku" c" hkpcpekcn" cuugv" qt" c"hkpcpekcn"nkcdknkv{"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu."vjg"fgtkxcvkxgu"ctg"fggogf"cu"c"ugrctcvg"fgtkxcvkxg0"
*35+" Nkcdknkv{"tgugtxg"
Vjg" tgeqipk|gf" nkcdknkv{" tgugtxg" coqwpv" ku" ykvj" vjg" tkum" cpf" wpegtvckpv{" qh" vjg"qdnkicvkqp" eqpukfgtgf." cpf" kv" ku" vjg" qrvkowo" guvkocvg" qh" vjg" gzrgpfkvwtg" tgswktgf" vq"ugvvng" vjg" qdnkicvkqpu" qp" vjg" dcncpeg" ujggv" fcvg0" Rtqxkukqp" hqt" nkcdknkvkgu" ujcnn" dg"ogcuwtgf"dcugf"qp"vjg"fkueqwpv"xcnwg"qh" vjg"guvkocvgf"ecuj"hnqy"hqt"vjg"ugvvngogpv"qh"qdnkicvkqp0"
Kh"rctv"qt"cnn"qh"vjg"gzrgpfkvwtg"pggfgf"hqt"nkswkfcvkpi"nkcdknkv{"tgugtxg"ku"gzrgevgf"vq" dg" tgkodwtugf" d{" vjg" qvjgt" rctv{."yjgp" vjg" tgkodwtugogpv" ku" cnoquv" egtvckp" vq" dg"tgegkxgf"cpf"vjg"coqwpv"ecp"dg"tgnkcdn{"ogcuwtgf."vjg"tgkodwtugogpv"ku"tgeqipk|gf"cu"cp"cuugv0"
*36+" Tgeqipkvkqp"qh"tgxgpwg"
143
48"
Kpeqog" tghgtu" vq" vjg" vqvcn" geqpqoke" ghhgev" kphnqyu" fwg" vq" vjg" kpetgcug" qh" gswkv{"tguwnvkpi" htqo"pqtocn" qrgtcvkpi" cevkxkvkgu." dwv" fqgu" pqv" kpenwfg" vjg" kpetgcug"qh" gswkv{"tguwnvkpi" htqo" vjg" kprwv" qh" gswkv{" rctvkekrcpvu0" Vjg"ockp" kpeqog" qh" vjg" eqpuqnkfcvgf"eqorcp{<"
30" Kpvgtguv"tgxgpwg"
Hqt"vjg"kpvgtguv"kpeqog"htqo"hkpcpekcn"cuugvu."yjgp"vjg"geqpqoke"dgpghkvu"ctg"nkmgn{"vq"hnqy"kpvq"vjg"eqpuqnkfcvgf"eqorcp{"cpf"vjg"coqwpv"qh"tgxgpwgu"ecp"dg"ogcuwtgf" tgnkcdn{." cnn" kpvgtguv" kpeqog" igpgtcvgf" htqo" kpvgtguv/dgctkpi" hkpcpekcn"kpuvtwogpvu" ujqwnf" dg" tgeqipk|gf" qp" cp" ceetwcn" dcuku" kp" ceeqtfcpeg" ykvj" vjg"ghhgevkxg"kpvgtguv"tcvg0"
Hqt" c" ukping" qt" c" itqwr" qh" ukoknct" hkpcpekcn" cuugv" vjcv" ku" tgfwegf" fwg" vq"korcktogpv" nquugu." vjg" uwdugswgpvn{" tgeqipk|gf" kpvgtguv" kpeqog" ku" ecnewncvgf" kp"ceeqtfcpeg"ykvj" vjg" kpvgtguv" tcvg" vjcv" ku" wugf" hqt" vjg" fkueqwpvkpi" qh" hwvwtg" ecuj"hnqy"yjgp"ogcuwtkpi"vjg"korcktogpv"nquu0"
40" Ugtxkeg"hggu"cpf"eqookuukqp"kpeqog"
Ugtxkeg"hgg"kpeqog"cpf"gzrgpug"ctg"tgeqipk|gf"kp"c"nwor"uwo"yjgp"vjg"nqcp"qt"qvjgt" ugtxkeg" ku"rtqxkfgf0" Kh" vjg" ugtxkeg" hggu"ctg"gctpgf" hqt" eqorngvkpi"oclqt"rtqlgevu."vjg{"ctg"tgeqipk|gf"qp"vjg"eqorngvkqp"qh"vjg"oclqt"rtqlgevu."uwej"cu."vjg"u{pfkecvgf" nqcp" ugtxkeg" hgg" ejctigf" eqnngevgf" d{" vjg" qticpk|kpi" dcpm0" Kh" vjg"ugtxkeg" hggu" kpeqog" cpf" gzrgpugu" ctg" gctpgf" qt" rckf" hqt" vjg" uwdugswgpv" nqcp"ugtxkeg." vjg{" ctg" vq" dg" coqtvk|gf" qxgt" vjg" ugtxkeg" rgtkqf" fgrgpfkpi" qp" vjg"materiality, or included for the calculation of loans and receivables’ effective"kpvgtguv"tcvg0"
50" Fkxkfgpf"kpeqog"
Fkxkfgpf" kpeqog" htqo" kpxguvogpvu" ku" tgeqipk|gf" yjgp" vjg" ujareholders’ tkijv"vq"tgegkxg"rc{ogpv"ku"guvcdnkujgf="jqygxgt."kv"ku"wpfgt"vjg"rtgeqpfkvkqpu"vjcv"vjg" geqpqoke" dgpghkvu" cuuqekcvgf"ykvj" vjg" vtcpucevkqp" u{uvgo" ctg" nkmgn{" vq" hnqy"kpvq" vjg" eqpuqnkfcvgf" eqorcp{" cpf" vjg" coqwpv" qh" tgxgpwgu" ecp" dg" ogcuwtgf"tgnkcdn{0"
*37+" Ngcug"
Yjgp" vjg" ngcug" vgto"ku" vq"jcxg"cnn" tkumu"cpf"tgvwtpu"cvvcejgf" vq" vjg"qypgtujkr"qh"cuugvu"vtcpuhgttgf"vq"vjg"nguugg."kv"ku"encuukhkgf"cu"c"hkpcpekpi"ngcug0"Cnn"qvjgt"ngcugu"ctg"encuukhkgf"cu"qrgtcvkpi"ngcugu0"
30" Vjg"eqpuqnkfcvgf"eqorcp{"ku"vjg"nguuqt0"
Wpfgt" c" hkpcpekcn" ngcug." vjg" coqwpv" vq" dg" eqnngevgf" htqo" vjg" nguugg" ku"tgeqipk|gf"cu"ngcug"tgegkxcdngu"kp"ceeqtfcpeg"ykvj"vjg"pgv"ngcug"kpxguvogpv"qh"vjg"eqpuqnkfcvgf"eqorcp{0"Hkpcpekcn"tgxgpwg"ku"coqtvk|gf"kpvq"gcej"ceeqwpvkpi"rgtkqf"vq" tghngev" vjg" eonsolidated company’s" hkzgf" tcvg" qh" tgvwtp" cxckncdng" hqt" gcej"tgurgevkxg"rgtkqf"htqo"vjg"qwvuvcpfkpi"pgv"ngcug"kpxguvogpv0"
Cp"qrgtcvkpi"ngcug"tgpv"ku"tgeqipk|gf"cu"kpeqog"qp"c"uvtckijv/nkpg"dcuku"qxgt"vjg" ngcug" rgtkqf." wpnguu" cpqvjgt" u{uvgocvke" dcuku" ku" oqtg" tgrtgugpvcvkxg" qh" vjg"leased asset’s"ghhkekgpe{"kp"wug"cpf"vkog"eqpuworvkqp"rcvvgtp0"Vjg"qtkikpcn"fktgev"equv"ctkukpi"htqo"pgiqvkcvkpi"cpf"cttcpikpi"cp"qrgtcvkpi" ngcug" ku" kpenwfgf" kp" vjg"dqqm"xcnwg"qh"vjg"ngcugf"cuugv"cpf"kv"ku"tgeqipk|gf"cu"cp"gzrgpug"qp"c"uvtckijv/nkpg"dcuku" qxgt" vjg" ngcug" rgtkqf0" Wpfgt" cp" qrgtcvkpi" ngcug." vjg" eqpvkpigpv" tgpv" ku"tgeqipk|gf"cu"kpeqog"kp"vjg"ewttgpv"rgtkqf0"
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144
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dcuku."wpnguu"cpqvjgt"u{uvgocvke"dcuku" ku"oqtg"tgrtgugpvcvkxg"qh"the leased asset’s"ghhkekgpe{"kp"wug"cpf"vkog"eqpuworvkqp"rcvvgtp0"
40" Vjg"eqpuqnkfcvgf"eqorcp{"ku"vjg"nguugg0"
Cp" qrgtcvkpi" ngcug" rc{ogpv" ku" tgeqipk|gf" cu" cp" gzrgpug" qp" c" uvtckijv/nkpg"dcuku"qxgt"vjg"ngcug"rgtkqf."wpnguu"cpqvjgt"u{uvgocvke"dcuku"ku"oqtg"tgrtgugpvcvkxg"qh"the user’s"ghhkekgpe{"kp"wug"cpf"vkog"eqpuworvkqp"rcvvgtp0"Wpfgt"cp"qrgtcvkpi"ngcug."c"eqpvkpigpv"tgpv"ku"tgeqipk|gf"cu"cp"gzrgpug"kp"vjg"ewttgpv"rgtkqf0"
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*38+" Gornq{gg"dgpghkvu"
30" Tgvktgogpv"dgpghkvu"
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Vjg" fgvgtokpgf" equv" qh" dgpghkv" hqt" fgvgtokpgf" dgpghkv" tgvktgogpv" rncp"*kpenwfkpi" vjg" equv" qh" ugtxkeg." pgv" kpvgtguv." cpf" tggxcnwcvkqp+" ku" dcugf" qp" vjg"cevwct{" qh" rtqlgevgf" wpkv" ogvjqf0" Equv" qh" ugtxkeg" cpf" pgv" fgvgtokpgf" dgpghkv"nkcdknkv{" kpvgtguv" ujcnn" dg" tgeqipk|gf" cu" gornq{gg" dgpghkv" gzrgpug" cv" vjg" vkog" qh"tgcnk|cvkqp0" Tggxcnwcvkqp" *kpenwfkpi" cevwctkcn" rtqhkv" cpf" nquu." ejcpig" kp" vjg"kphnwgpeg"qh"wrrgt" nkokv"qh"cuugvu." cpf"rtqlgevgf"TQC"pgv"qh" crrnkecdng" kpvgtguv+"ujcnn"dg"tgeqipk|gf"cu"qvjgt"eqortgjgpukxg"kpeqog"cpf"uvcvgf"cu"tgvckpgf"gctpkpiu"cv" vjg" vkog" qh" tgcnk|cvkqp." cpf"yknn" pqv" dg" tgencuukhkgf" cu" kpeqog" kp" uwdugswgpv"rgtkqfu0"
Pgv" fgvgtokpgf" dgpghkv" nkcdknkv{" ku" vjg" coqwpv" ujqtv" kp" crrtqrtkcvkqp" qh"fgvgtokpgf"dgpghkv"tgvktgogpv"rncp0"Pgv"fgvgtokpgf"dgpghkv"cuugv"ujcnn"pqv"gzeggf"vjg"tghwpf"qh"vjg"crrtqrtkcvgf"hwpf"qt"fgetgcug"vjg"rtgugpv"xcnwg"qh"crrtqrtkcvkqp"qh"hwpf"kp"vjg"hwvwtg0"
40" Gornq{ggu"rtghgtgpvkcn"fgrqukv"dgpghkv"
Vjg" eqorcpkgu" qh" vjg" eqpuqnkfcvgf" hkpcpekcn" uvcvgogpvu" rtqxkfg" rtghgttgf"fgrqukv" hqt" vjg" gornq{ggu." kpenwfkpi" vjg" qhhgtkpi" qh" hkzgf" coqwpv" rtghgttgf"fgrqukv" cv" urgekcn" tcvg" hqt" vjg" gornq{ggu" ewttgpvn{" kp" gornq{ogpv" cpf" hqt" vjg"rc{ogpv" vq" vjg" tgvktgf"gornq{ggu"cpf"ewttgpv"gornq{ggu"cv" vjgkt" tgvktgogpv0"Vjg"fkhhgtgpeg"dgvyggp"vjg"kpvgtguv"tcvg"hqt"vjg"chqtgogpvkqpgf"rtghgttgf"fgrqukvu"cpf"octmgv"tcvg"ujcnn"hcnn"ykvjkp"vjg"ueqrg"qh"gornq{gg"ygnhctg0"
According to the “Criteria for the Compilation of Financial Statements by Public Banks”, the interest from the preferred deposit for employees prgcttcpigf"chvgt"tgvktgogpv"kp"gzeguu"qh"vjg"kpvgtguv"wpfgt"tgiwnct"octmgv"tcvg"ujcnn"dg"uwdlgev"vq"cevwctkcn"ecnewncvkqp"cv"vjg"vkog"qh"vjg"tgvktgogpv"qh"vjg"gornq{ggu"rwtuwcpv"vq"IAS 19, “Employee Benefits” as recognized by FSC. However, the parameters fot"vjg" cuuworvkqpu" kp" vjg" cevwctkcn" ecnewncvkqp"oc{" dg" tgiwncvgf" d{" vjg" eqorgvgpv"cwvjqtkv{."eqorn{"ceeqtfkpin{."kh"crrnkecdng0"
50" Qvjgt"nqpi/vgto"gornq{gg"dgpghkvu"
Vjg"ceeqwpvkpi"rtqeguu"qh"vjg"qvjgt"nqpi/vgto"gornq{gg"dgpghkvu"ku"ucog"cu"vjg" ceeqwpvkpi" rtqeguu" qh" tgvktgogpv" kpvgtguvu0" Jqygxgt." vjg" tgngxcpv" cevwctkcn"ickpu"cpf" nquugu"cpf"rtkqt"rgtkqf"ugtxkeg"equv"ctg" tgeqipk|gf" koogfkcvgn{" kp" vjg"rtqhkv"qt"nquu0"
145
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*39+" Kpeqog"vcz"
Kpeqog"vcz"gzrgpug"ku"vjg"uwo"qh"vjg"ewttgpv"kpeqog"vcz"cpf"fghgttgf"kpeqog"vcz0"
30" Kpeqog"vcz"gzrgpugu"kp"vjg"ewttgpv"rgtkqf"
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40" Fghgttgf"vcz"
Fghgttgf" kpeqog" vcz" ku" tgeqipk|gf" kp" ceeqtfcpeg" ykvj" vjg" vgorqtct{"fkhhgtgpegu" ctkukpi" htqo" vjg" dqqm" coqwpv" qh" vjg" cuugvu" cpf" nkcdknkvkgu" kp" vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"cpf"vjg"vcz"dcug"hqt"vjg"eqorwvcvkqp"qh"vczcdng"kpeqog0" Fghgttgf" kpeqog" vcz" nkcdknkvkgu" ctg" igpgtcnn{" tgeqipk|gf" hqt" cnn" vczcdng"vgorqtct{"fkhhgtgpegu0"Fghgttgf"kpeqog"vcz"cuugvu"ctg"tgeqipk|gf"yjgp"vjgtg"ku"c"nkmgnkjqqf" vq"jcxg" vczcdng" kpeqog"cxckncdng" hqt" kpeqog" vcz"etgfkv" tguwnvkpi" htqo"vjg" gzrgpugu" qh" fgfwevcdng" vgorqtct{" fkhhgtgpegu" cpf" vcz" nquu" ectt{hqtyctfu0" Kh"vjg" vgorqtct{"fkhhgtgpegu"ctg" vjg"tguwnvu"qh"iqqfyknn"qt" vjg" kpkvkcn" tgeqipkvkqp"qh"qvjgt"cuugvu"cpf" nkcdknkvkgu" *gzenwfkpi"c"dwukpguu"ogtigt+." cpf" vjg{"fq"pqv" chhgev"vjg" vczcdng" kpeqog"cpf"ceeqwpvkpi"rtqhkv"cv" vjg" vkog"qh" vtcpucevkqp." vjg{"ctg"pqv"tgeqipk|gf"cu"fghgttgf"kpeqog"vcz"cuugvu"qt"nkcdknkvkgu0"
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Vjg" dqqm" coqwpv" qh" fghgttgf" kpeqog" vcz" cuugv" owuv" dg" tgxkgygf" cv" gcej"dcncpeg"ujggv"fcvg0"Vjg"dqqm"coqwpv"qh"vjqug"vjcv"pq"nqpigt"jcxg"cp{"uwhhkekgpv"vczcdng"kpeqog"vq"tgeqxgt"cnn"qt"rctv"qh"vjg"cuugv."ujqwnf"dg"cflwuvgf"fqyp0"Vjqug"vjcv" ctg" pqv" qtkikpcnn{" tgeqipk|gf" cu" fghgttgf" kpeqog" vcz" cuugvu" ujqwnf" cnuq" dg"tggzcokpgf"cv"gcej"dcncpeg"ujggv"fcvg0"Vjg"dqqm"coqwpv"qh"vjqug"vjcv"ctg"nkmgn{"vq"igpgtcvg" vczcdng" kpeqog" kp" vjg" hwvwtg" hqt" vjg" tgeqxgt{"qh"cnn"qt"rctv"qh" kvu"cuugvu"ujqwnf"dg"cflwuvgf"wr0"
Fghgttgf" kpeqog" vcz" cuugvu" cpf" nkcdknkvkgu" ctg"ogcuwtgf" kp" ceeqtfcpeg"ykvj"vjg" gzrgevgf" nkcdknkv{" nkswkfcvkqp" qt" vjg" vcz" tcvg" kp" vjg" rgtkqf"yjgp" vjg" cuugv" ku"tgcnk|gf0"Vjg" vcz" tcvg" ku"dcugf"qp" vjg" vcz" tcvg"cpf" vcz" ncyu" vjcv"ctg" ngikuncvgf"qt"uwduvcpvkxgn{" ngikuncvgf" cv" vjg" dcncpeg" ujggv" fcvg0" Vjg"ogcuwtgogpv" qh" fghgttgf"kpeqog" vcz" nkcdknkvkgu" cpf" cuugvu" tghngevu" vjg" vcz" ghhgev" tguwnvkpi" htqo" vjg" dqqm"coqwpv"qh" vjg"cuugvu"cpf" nkcdknkvkgu"gzrgevgf" vq"dg" tgeqxgtgf"qt" nkswkfcvgf"cv" vjg"dcncpeg"ujggv"fcvg0"
50" Ewttgpv"cpf"fghgttgf"kpeqog"vcz"hqt"vjg"{gct"
Ewttgpv"cpf"fghgttgf"kpeqog"vczgu"ctg"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu."gzegrv"hqt"vjg"ewttgpv"cpf"fghgttgf"kpeqog"vczgu"tgncvgf"vq"vjg"kvgou"tgeqipk|gf"kp"qvjgt"eqortgjgpukxg"rtqhkv"qt" nquu"qt"fktgevn{" kpenwfgf" kp" vjg" gswkv{"ctg" tgeqipk|gf" kp"vjg"qvjgt"eqortgjgpukxg"rtqhkv"qt"nquu"qt"fktgevn{"kpenwfgf"kp"vjg"gswkv{0"
*3:+" Gornq{gg"uvqem"qrvkqp"
146
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70" Ockp"uqwteg"qh"ukipkhkecpv"ceeqwpvkpi"lwfiogpv."guvkocvgu"cpf"cuuworvkqpu"wpegtvckpv{"
Yjgp"vjg"ceeqwpvkpi"rqnkekgu"uvcvgf"kp"Pqvg"6"cfqrvgf"d{"vjg"eqpuqnkfcvgf"eqorcp{."hqt"vjg" kphqtocvkqp" vjcv" ku" jctf" vq" eqnngev" htqo"qvjgt" uqwtegu." vjg"ocpcigogpv" ujqwnf"jcxg" vjg"tgngxcpv" lwfiogpvu." guvkocvgu." cpf" cuuworvkqpu" ocfg" kp" ceeqtfcpeg" ykvj" vjg" jkuvqtkecn"gzrgtkgpeg"cpf"qvjgt"tgngxcpv"hcevqtu0"Cevwcn"tguwnvu"oc{"fkhhgt"htqo"vjg"guvkocvgu.
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*3+" Jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu"
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147
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*4+" Kpeqog"vcz"
Fwg"vq"vjg"wprtgfkevcdknkv{"qh"hwvwtg"rtqhkvu."vjg"tgcnk|cvkqp"qh"fghgttgf"kpeqog"vcz"cuugvu" yknn" fgrgpf" ockpn{" qp" yjgvjgt" vjgtg" ku" uwhhkekgpv" hwvwtg" rtqhkv" qt" vczcdng"vgorqtct{"fkhhgtgpegu0"Kh"vjg"cevwcn"hwvwtg"rtqhkvu"igpgtcvgf"ctg"nguu"vjcp"gzrgevgf."oc{"jcxg"ukipkhkecpv"fghgttgf"kpeqog"vcz"cuugvu"tgxgtugf0"Vjg"tgxgtugf"coqwpv"ku"tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu"wrqp"kvu"qeewttgpeg0"
*5+" Guvkocvgf"korcktogpv"qh"nqcpu"cpf"tgegkxcdngu"
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Cu" qh" Fgegodgt" 53." 4237" cpf" 4236." vjg" dqqm" xcnwg" qh" nqcpu" cpf" ceeqwpv"tgegkxcdngu"cpf"vjg"coqwpv"tgeqipk|gf"hqt"rtqxkukqp"hqt"dcf"fgdvu"ctg"gzrnckpgf"kp"Pqvg"32"cpf"Pqvg"330"
*6+" Vjg"hckt"xcnwg"qh"fgtkxcvkxgu"cpf"qvjgt"fgtkxcvkxg"hkpcpekcn"kpuvtwogpvu"
Cu" fguetkdgf" kp" Pqvg" 59." vjg" ocpcigogpv" qh" vjg" eqpuqnkfcvgf" eqorcp{" crrnkgu"lwfiogpv" vq" ugngev" crrtqrtkcvg" gxcnwcvkqp" vgejpkswgu" kp" qtfgt" vq" cuuguu" vjg" hkpcpekcn"kpuvtwogpv" vjcv" ku" ykvjqwv" c" octmgv" rtkeg" swqvgf" kp" cp" cevkxg" octmgv0" Eqpuqnkfcvgf"eqorcp{"cfqrvgf"vjg"eqooqpn{"wugf"gxcnwcvkqp"vgejpkswgu"qh"octmgv"rctvkekrcpvu0"Vjg"cuuworvkqpu"ocfg"qp"vjg"fgtkxcvkxgu"ctg"cflwuvgf"kp"ceeqtfcpeg"ykvj"vjg"octmgv"rtkegu"qt"kpvgtguv"tcvgu"cpf"vjg"hgcvwtgu"qh"vjg"kpuvtwogpvu0"Fgdv"kpuvtwogpv"ku"guvkocvgf"wukpi"vjg"fkueqwpvgf"ecuj"hnqy"crrtqcej"cpf"vjg"cuuworvkqp"ku"ocfg"kp"ceeqtfcpeg"ykvj"vjg"qdugtxcdng"octmgv"rtkegu"qt"kpvgtguv"tcvgu"*kh"cxckncdng+0"Vjg"hckt"xcnwg"qh"vjg"gogtikpi"cpf"pqv"nkuvgf"*QVE+"gswkv{"kpuvtwogpvu"ku"guvkocvgf"kp"ceeqtfcpeg"ykvj" the investee’s hkpcpekcn" rqukvkqp" cpf" tguwnvu" qh" qrgtcvkqpu" cpcn{uku." vjg" tgegpv" vtcfkpi" rtkegu." vjg"swqvcvkqpu" qh" ukoknct" gswkv{" kpuvtwogpvu" kp" cp" kpcevkxg" octmgv." swqvcvkqp" qh" ukoknct"kpuvtwogpvu" kp" cp" cevkxg"octmgv" cpf" the comparable companies’ valuation"ownvkrnkgtu."kpenwfkpi" vjg" cuuworvkqpu" pqv" uwrrqtvgf" d{" vjg" qdugtxcdng" octmgv" rtkegu" qt" kpvgtguv"tcvgu0"
Vjg"ocpcigogpv"qh"vjg"eqpuqnkfcvgf"eqorcp{"dgnkgxgu"vjcv"vjg"ugngevgf"gxcnwcvkqp"vgejpkswgu"cpf"cuuworvkqpu"wugf"ctg"crrtqrtkcvg"vq"fgvgtokpg"vjg"hckt"xcnwg"qh"hkpcpekcn"kpuvtwogpvu0"
*7+" Tgeqipkvkqp"qh"Rtqxkukqp"hqt"gornq{gg"ygnhctg"nkcdknkvkgu"
Kh" vjg" rtgugpv" xcnwg" qh" fgvgtokpgf" ygnhctg" tgvktgogpv" rncp." gornq{gg" rtghgttgf"fgrqukv"rncp."cpf"qvjgt"ygnhctg"qdnkicvkqp"hqt"nqpi/vgto"gornq{ggu"ku"ecnewncvgf"qp"vjg"dcuku" qh" c" pwodgt" qh" cevwctkcn" cuuworvkqpu." cpf" vjg" guvkocvg" wpfgt" uwej" cuuworvkqpu"oc{" xct{"ykvj" vjg" ejcpig" kp" vjg"octmgv" cpf" geqpqoke" gpxktqpogpv." cpf"oc{" ecwug"ukipkhkecpv"kphnwgpeg"qp"vjg"gzrgpugu"cpf"coqwpv"qh"nkcdknkvkgu"dgkpi"tgeqipk|gf0"
Vjg"guvkocvg"qh"rtqxkukqp"hqt"gornq{gg"ygnhctg"nkcdknkvkgu"ku"uvcvgf"kp"Pqvg"49"
148
53"
"
80" Ecuj"cpf"ecuj"gswkxcngpvu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Ecuj"qp"jcpf" " " " &" 5.567.2;6" " " " &" 5.62;.:29"Pqvgu"cpf"ejgemu"hqt"engctkpi" " " " " 3.847.5;3" " " " " 5.3:9.7:9"Fwg"vq"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" " " " " 7.44;.335" " " " " 4.;77.783"" " " " &"32.3;;.7;:" " " " &" ;.774.;77"
"
Vjg"ecuj"cpf"ecuj"gswkxcngpv"dcncpeg"qp"vjg"eqpuqnkfcvgf"Uvcvgogpv"qh"Ecuj"Hnqy"cu"qh"Fgegodgt" 53." 4237" cpf"4236." tgurgevkxgn{." cpf" vjg" tgncvgf" cflwuvogpvu" qh" vjg" eqpuqnkfcvgf"dcncpeg"ujggv"ctg"cu"hqnnqyu<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Ecuj"cpf"ecuj"gswkxcngpvu"qp"vjg"eqpuqnkfcvgf"dcncpeg"ujggv"
"" " &"32.3;;.7;:"
"" " &" ;.774.;77"
The “Due from Central Bank and other banks” that meet the fghkpkvkqpu"qh"KCU"9"“Definition of Ecuj"and cash equivalents” crrtqxgf"d{"vjg"HUE0"
"
" " " 8;.758.676"
"
" " " 89.59:.23:"The “Bonds and securities sold under tg/purchase agreements” eqorn{"ykvj"vjg"KCU"9"“Definition of Ecuj"and cash equivalents” crrtqxgf"d{"vjg"HUE0"
"
" " " 8.;;6.244"
"
" " " 3.767.583"Ecuj"cpf"ecuj"gswkxcngpvu"qp"vjg"Eqpuqnkfcvgf"Uvcvgogpv"qh"Ecuj"Hnqy"
"
" " &":8.952.296"
"
" " &"9:.698.556"
"
Cu" qh" Fgegodgt" 53" 4237" cpf" Fgegodgt" 53" 4236." vjg" vkog" fgrqukv" qh" vjg" dwukpguu"eqodkpcvkqp" cv" qvjgt" dcpmu" cu" rgthqtocpeg" dqpf" qh" VED" Ugewtkvkgu" coqwpvkpi" vq"PVF432.222"vjqwucpf"cpf"PVF2."tgurgevkxgn{."cpf"eqpxgtvgf"vq"tghwpfcdng"ugewtkv{"fgrqukv0"Rngcug"tghgt"vq"Pqvg"3;0"
90" Fwg"htqo"Egpvtcn"Dcpm"cpf"ngpf"vq"Dcpmu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Tgugtxg"hqt"fgrqukvu" " " " "
Tgugtxg"hqt"fgrqukvu"–ejgemkpi"ceeqwpv"C"
"" " &"32.69;.;9:"
"" " &"32.678.966"
Tgugtxg"hqt"fgrqukvu"–fgocpf"ceeqwpv"D"
"" " " 37.253.925"
"" " " 35.865.694"
Hkpcpekcn"Kphqtocvkqp"Ugtxkeg"Eq0."Nvf0"–"nkswkfcvgf"ceeqwpv"
"" " " 3.282.388"
"" " " 3.396.722"
Tgugtxg"hqt"fgrqukvu"kp"hqtgkip"ewttgpe{"
"" " " 6;.467"
"" " " 59.;82"
Egtvkhkecvg"qh"fgrqukv"qh"vjg"Egpvtcn"Dcpm"
"" " " 78.922.222"
"" " " 74.422.222"
Ecnn"nqcpu"vq"dcpmu" " " " " 4.976.957" " " " " 6.973.653"Tgugtxg"hqt"vtwuv"hwpfu"eqorgpucvkqp"" " " " 72.222" " " " " 72.222"" " " " &":8.347.:49" " " " &":4.536.329"
"
149
54"
*3+" Vjg" fgrqukv" tgugtxgu" kp" vjg" Egpvtcn" Dcpm" ctg" ecnewncvgf" d{" ownvkrn{kpi" vjg" cxgtcig"oqpvjn{" dcncpegu" qh" cnn" fgrqukv" ceeqwpvu" d{" vjg" ngicnn{" tgswktgf" tcvkq" Vjg" fgocpf"ceeqwpv"tgugtxg"ecp"dg"wugf"qpn{"hqt"vjg"oqpvjn{"cflwuvogpv"qh"vjg"fgrqukv"tgugtxg0"
*4+" Vjg"Tgugtxg" hqt" vtwuv" hwpfu" eqorgpucvkqp" d{"Iqxgtpogpv" dqpfu" jgnf" vq"ocvwtkv{" qp"Fgegodgt"53."4237"cpf"4236"ku"uvcvgf"cv"vjg"rct"xcnwg"qh"PVF"72.222"vjqwucpf0"Rngcug"tghgt"vq"Pqvg"57"hqt"fgvcknu0"
:0" Hkpcpekcn"kpuvtwogpvu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Jgnf/hqt/ucng"hkpcpekcn"cuugvu" " " " "Eqoogtekcn"rcrgtu" " " " &"4;.695.934" " " " &"32.978.;44"Nkuvgf"*QVE+"uvqemu"/"fqoguvke" " " " " ;;7.467" " " " " :85.523"Dgpghkekct{"egtvkhkecvg" " " " " 752.844" " " " " :37.328"Eqtrqtcvg"dqpf" " " " " 6:.825" " " " " /"Cuugvu"uycr"citggogpv" " " " " 6;;.654" " " " " 6;6.:48"Hqtgkip"gzejcpig"eqpvtcevu" " " " " 98.7;7" " " " " 34.96:"Hqtyctf"eqpvtcevu" " " " " 8.943" " " " " 3:.8:2"HZ"qrvkqpu"eqpvtcevu" " " " " 84.9;7" " " " " 72.245"" " " " &"53.8;5.947" " " " &"35.233.828"" " " " "Jgnf/hqt/ucng"hkpcpekcn"nkcdknkvkgu" " " " "Hqtgkip"gzejcpig"eqpvtcevu" " " " &" 87.884" " " " &" 58.635"Hqtyctf"eqpvtcevu" " " " " 6;.7:6" " " " " 68.597"HZ"qrvkqpu"eqpvtcevu" " " " " 86.533" " " " " 72.794"" " " " &" 39;.779" " " " &" 355.582"
"
*3+" Vjg" eqpuqnkfcvgf" eqorcp{" hkpcpekcn" fgtkxcvkxg" eqpvtcev" tgncvgf" vq" c" hqtgkip" gzejcpig"tcvg"ku"c"pqp/vtcfkpi"qrgtcvkqp"rgthqtogf"hqt"vjg"rwtrqug"qh"rtqxkfkpi"ewuvqogtu"ykvj"c"jgfikpi"vqqn"hqt"vjg"hqtgkip"gzejcpig"rqukvkqp"igpgtcvgf"htqo"korqtv1gzrqtv"cpf"hqtgkip"gzejcpig"cpf"jgfikpi"vjg"tkum"htqo"dwukpguu"cpf"oggvkpi"vjg"pggf"hqt"hqtgkip"gzejcpig"hwpfu0"
150
55"
*4+" Vjg"hqtgkip"gzejcpig"eqpvtcevu"yjkej"jcxg"pqv"{gv"ocvwtgf"dghqtg"Fgegodgt"53."4237"cpf"4236"ctg"urgekhkgf"cu"hqnnqyu<"
Fgegodgt"53."4237" " Fgegodgt"53."4236"Eqpvtcev"coqwpv"" *PVF"3.222+" "
Fcvg"qh"ocvwtkv{""
Eqpvtcev"coqwpv" "*PVF"3.222+" "
Fcvg"qh"ocvwtkv{"
Uqnf" CWF" ;.522" " 4238123134/4238123135" " Uqnf" CWF" 8.222" " 4237123128/423712312;"" EP[" 629.829" " 4238123126/4238134124" " " EP[" " 32.357" " 423712312:"" JMF" 36:.257" " 4238123127/423812314:" " " JMF" 392.377" " 4237123134/4237124124"" LR[" 3.493.355" " 4238123126/4238123129" " " LR[" 533.5;6" " 4237123128"" WUF" 57.32;" " 4238123126/4238128135" " " WUF" " 4:.49:" " 423712312;/4237123135"" GWT" 35.522" " 4238123129/4238125139" " Dqwijv" CWF" 38.422" " 423712312:/4237124124"" EJH" 4;9" " 4238123133" " " ECF" 5.944" " 4237123135"" P\F" " ;22" " 4238123129" " " IDR" 3.522" " 4237123134"Dqwijv" CWF" 5:.355" " 4238123126/4238123129" " " P\F" " 9.222" " 4237123135/4237123142"" ECF" 9.;69" " 4238123134" " " UIF" " 3.7;2" " 4237123134"" EP[" " 83.63;" " 4238123127/4238128135" " " WUF" " 96.222" " 4237123127/4237125145"" GWT" 6.822" " 4238123143/4238126143" " " \CT" :8.945" " 4237123128/423712312;"" UIF" 3.547" " 4238123135" " " GWT" " 6.222" " 4237123134"" WUF" 479.:55" " 4238123126/4238134124" " " " "" \CT" ;7.386" " 4238123127" " " " "
"
*5+" Vjg"hqtyctf"eqpvtcevu"yjkej"jcxg"pqv"{gv"ocvwtgf"dghqtg"Fgegodgt"53."4237"cpf"4236"ctg"urgekhkgf"cu"hqnnqyu<"
" " Ewttgpe{" " Fcvg"qh"ocvwtkv{" " Eqpvtcev"coqwpv"*PVF"3.222+"Fgegodgt"53."4237" " " " " " "Hqtyctf"gzejcpig"uqnf"
" WUF"vtcpuncvgf"kpvq"PVF"
"4238123126/4238129144"
"WUF67.4981PVF3.692.945"
Hqtyctf"gzejcpig"uqnf"
" LR["vtcpuncvgf"kpvq"PVF"
" 423812314;/4238124139" "LR[;6.;:31PVF46.334"
Hqtyctf"gzejcpig"uqnf"
" GWT"vtcpuncvgf"kpvq"PVF"
" 4238124145/4238127125" "GWT3.2751PVF5:.6;7"
Hqtyctf"gzejcpig"uqnf"
" TOD"vtcpuncvgf"kpvq"PVF"
" 4238126123/4238128135" "EP[34.3;;1PVF84.268"
Hqtyctf"gzejcpig"dqwijv"
" PVF"vtcpuncvgf"kpvq"WUF"
" 4238124127" "PVF38.4321WUF722"
Hqtyctf"gzejcpig"dqwijv"
" WUF"vtcpuncvgf"kpvq"TOD"
" 4238123127/4238125138" "WUF7.4221EP[55.967"
Hqtyctf"gzejcpig"dqwijv"
" TOD"vtcpuncvgf"kpvq"WUF"
" 4238124139/4238125138" "EP[38.8381WUF4.722"
Hqtyctf"gzejcpig"dqwijv"
" GWT"vtcpuncvgf"kpvq"WUF"
" 4238125138/4238126143" " GWT5.;221WUF6.56:"
Hqtyctf"gzejcpig"dqwijv"
" WUF"vtcpuncvgf"kpvq"GWT"
" 4238125143/4238126143" " WUF3.42:1GWT3.322"
Hqtyctf"gzejcpig"dqwijv"
" P\F"vtcpuncvgf"kpvq"WUF"
" 4238123129" " P\F4321WUF364"
" " " " " " "Fgegodgt"53."4236" " " " " " "Hqtyctf"gzejcpig"uqnf"
" LR["vtcpuncvgf"kpvq"PVF"
"4237125139/4237126129"
"LR[49.5541PVF9.629"
Hqtyctf"gzejcpig"uqnf"
" WUF"vtcpuncvgf"kpvq"PVF"
"4237123127/4237129137"
"WUF62.;;71PVF3.472.393"
Hqtyctf"gzejcpig"dqwijv"
" PVF"vtcpuncvgf"kpvq"LR["
"4237126142/4237128125"
"PVF;.9451LR[59.522"
Hqtyctf"gzejcpig"dqwijv"
" PVF"vtcpuncvgf"kpvq"WUF"
"4237123142/4237127144"
"PVF624.45:1WUF35.522"
Hqtyctf"gzejcpig"dqwijv"
" LR["vtcpuncvgf"kpvq"WUF"
"4237125145"
"LR[42.;221WUF397"
"
*6+" Cu"qh"Fgegodgt"53."4237"cpf"4236."vjg"eqpuqnkfcvgf"Eqorcp{"wpfgtvqqm"cuugvu"uycr"eqpvtcevu"coqwpvkpi"vq"PVF"6;;.222"vjqwucpf"cpf"PVF"6;6.322"vjqwucpf"tgurgevkxgn{."cv"kpvgtguv"tcpig"qh"3052'Å3092'"cpf"3022'Å3082'0"
*7+" Vjg" hqtgkip" ewttgpe{" qrvkqp" eqpvtcevu" wpfgtytkvvgp" d{" vjg" eqpuqnkfcvgf" Eqorcp{"coqwpvgf"vq"PVF"454.473"vjqwucpf"*WUF"9.296"vjqwucpf+"cpf"PVF"342.639"vjqwucpf"*WUF"5.:29"vjqwucpf+"cu"qh"Fgegodgt"53."4237"cpf"4236."tgurgevkxgn{0"
151
56"
;0" Dqpfu"cpf"ugewtkvkgu"uqnf"wpfgt"tgrwtejcug"citggogpvu"
Cu" qh" Fgegodgt" 53." 4237" cpf" 4236, the consolidated Company’s bonds securing RP ygtg" PVF" 8.;;6.244" vjqwucpf" cpf" PVF" 3.767.583." tgurgevkxgn{0" Vjg" tgfgorvkqp" rtkeg" cu"citggf"ygtg"PVF"8.;;6.984"vjqwucpf"cpf"PVF"3.767.7:4"vjqwucpf."tgurgevkxgn{0"
320" Tgegkxcdng."pgv"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Pqvgu"tgegkxcdng" " " " &"4.:;2.627" " " " &"5.;;6.925"tgrwtejcug"citggogpvu" " " " " 8;2.248" " " " " 795.5;2"Ceegrvcpegu"tgegkxcdng" " " " " 544.986" " " " " 97:.323"Kpvgtguvu"tgegkxcdng" " " " " 964.:;5" " " " " 952.;;5"Tgegkxcdng"urqv"gzejcpig"ugvvngogpv"rc{ogpv" " " " " 87;.893" " " " " 3.2:4.926"Tgpv"tgegkxcdngu" " " " " 3.293.;95" " " " " ;63.878"Tgegkxcdng"qwv/qh/rqemgv"gzrgpugu"hqt"cvvqtpg{"hggu"cpf"equv"qh"cevkqp"
"" " " 44.36:"
"" " " 49.464"
Qvjgt"tgegkxcdngu" " " " " 953.9:;" " " " " 732.5::"" " " " " 9.353.88;" " " " " :.83;.399"Nguu<"Wptgcnk|gf"kpvgtguv"kpeqog" " " *"" 472.33;"+" " " *"" 482.785"+"Nguu<"cnnqycpeg"hqt"dcf"fgdv"*Pqvg"33+" " " *"" 44:.427"+" " " *"" 45;.:85"+"" " " " &"8.875.567" " " " &":.33:.973"
"
*3+" Vjg" eqpuqnkfcvgf" eqorcp{" encuukhkgu" tgegkxcdngu" dcugf" qp" etgfkv" tkum" hgcvwtgu" qh"rtqfwevu"cu"hqnnqyu<"
Kvgo"Vqvcn"tgegkxcdngu"
Cnnqycpeg"hqt"dcf"fgdv"
Vqvcn"tgegkxcdngu"Cnnqycpeg"hqt"
dcf"fgdv"Fgegodgt"53."
4237"Fgegodgt"53."
4237"Fgegodgt"53."
4236"Fgegodgt"53."
4236"
Ykvj"kpfkxkfwcn"qdlgevkxg"gxkfgpeg"qh"korcktogpv"
Kpfkxkfwcn"gxcnwcvkqp"
qh"korcktogpv"
Eqtrqtcvg"dcpmkpi"
"" &" 64.229" "" &" 6.599" "" &" 486.2;6" "" &" 75.273"
Rgtuqpcn"dcpmkpi"
"" " 7.725" "" " 3:4" "" " 6.369" "" " 339"
Qvjgtu" "" " 968.492" "" " 355.258" "" " 4;:.36;" "" " 343.68:"Rqtvhqnkq"gxcnwcvkqp"
qh"korcktogpv"
Eqtrqtcvg"dcpmkpi"
"" " 9.777" "" " 3.6;7" "" " :.839" "" " 4.;52"
Rgtuqpcn"dcpmkpi"
"" " 53.544" "" " 37.9;4" "" " 53.76:" "" " 37.23:"
Ykvjqwv"kpfkxkfwcn"qdlgevkxg"gxkfgpeg"qh"korcktogpv"
Rqtvhqnkq"gxcnwcvkqp"
qh"korcktogpv"
Eqtrqtcvg"dcpmkpi"
"" " 775.695" "" " 9.4:3" "" " ;:2.63;" "" " 38.6:4"
Rgtuqpcn"dcpmkpi"
"" " :73.29:" "" " 6.99:" "" " 962.857" "" " 5.637"
Qvjgtu" "" " 325.99;.249" "" " 53.;9;" "" " ;5.589.477" "" " 85.888"Vqvcn" " " "" " 328.238.457" "" " 3;:.;42" "" " ;7.8;6.:86" "" " 498.369"
"
Vjg" chqtgogpvkqpgf" tgegkxcdngu" qh" vjg" Dcpm" cu" qh" Fgegodgt" 53" 4237" cpf"Fgegodgt"53"4236"eqxgtgf"fwg"htqo"dcpmu."fwg"htqo"vjg"Egpvtcn"Dcpm"cpf"ecnn"nqcpu"vq"dcpmu."dqpfu"cpf"ugewtkvkgu" uqnf"wpfgt" tgrwtejcug"citggogpvu."pqvg" tgegkxcdngu." etgfkv"ectf" rtqeggfu" tgegkxcdngu." kpvgtguv" tgegkxcdngu." ceegrvcpeg" tgegkxcdngu." pqp/nqcp"tgeqipk|gf"cu"ceeqwpvu"hqt"eqnngevkqp."cpf"tghwpfcdng"ugewtkv{"fgrqukvu0"
Vjg" chqtgogpvkqpgf" rtqxkukqp" hqt" dcf" fgdvu" ku" fkuenqugf" ku" ecnewncvgf" d{" vjg"urgekhke"hgcvwtg"qh"vjg"tkum"rwtuwcpv"vq"KCU"5;0"Vjg"Dcpm"jcu"tgeqipk|gf"rtqxkukqp"hqt"dcf" fgdvu" hqt" Ecvgiqt{" 3" nqcp" cuugvu" qh" oqtg" vjcp" 3'" kp" ceeqtfcpeg" ykvj" vjg"“Regulations Governing the Procedures for Banking Institutions to Evaluate Assets and Fgcn" ykvj" Pqp/rgthqtokpi1Pqp/accrual Loans” and Letter Chin/Mwcp/[kp/Hc/\k" Pq0"
152
57"
32232228:52" cu" qh" Fgegodgt" 53." 4237" cpf" 4236." ykvj" vjg" cffkvkqpcn" coqwpv" qh"tgeqipkvkqp"d{"PVF69.3:6"vjqwucpf"cpf"PVF45.278"vjqwucpf."tgurgevkxgn{0" "
*4+" Rngcug"tghgt"vq"Pqvg"57"hqt"vjg"pqvgu"tgegkxcdng"wugf"cu"eqnncvgtcn"qh"kpvgtdcpm"hkpcpekpi0"
330" Fkueqwpvu"cpf"nqcpu."pgv"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Dknnu"pgiqvkcvgf"cpf"fkueqwpvu" " " " &" 732.;28" " " " &" 746.586"Qxgtftchv" " " " " 3.528" " " " " 3.549"Ugewtgf"qxgtftchv" " " " " 62.569" " " " " 58.922"Ceeqwpvu"tgegkxcdng"hkpcpekpi" " " " " 4:.:62" " " " " 7;.232"Ugewtkvkgu"tgegkxcdng"hkpcpekpi" " " " " 98:.633" " " " " :33.::3"Ujqtv/vgto"nqcp" " " " " 57.945.687" " " " " 58.55:.;54"Ujqtv/vgto"ugewtgf"nqcpu" " " " " 9;.345.;5:" " " " " 94.:67.685"Okf/vgto"nqcpu" " " " " 63.3:;.68:" " " " " 63.753.:63"Okf/vgto"ugewtgf"nqcpu" " " " " 327.559.::9" " " " " 323.69;.398"Nqpi/vgto"nqcpu" " " " " 5.75:.278" " " " " 5.57:.83;"Nqpi/vgto"ugewtgf"nqcpu" " " " " 34;.;79.833" " " " " 353.774.458"Fgnkpswgpv"nqcpu" " " " " 3.266.597" " " " " 3.488.646"" " " " " 5;9.486.832" " " " " 5:;.:27.;95"Cff<"Cflwuvogpv"qh"
rtgokwo1fkueqwpv" " " " " :6.4::" "" " " 324.883"
Nguu<"cnnqycpeg"hqt"dcf"fgdv" " " *"" 8.487.538"+" " " *"" 7.748.576"+"" " " " &"5;3.2:5.7:4" " " " &"5:6.5:4.4:2"
*3+" Vjg"dcncpegu"qh"nqcpu"cpf"qvjgt"nqcpu"qp"yjkej"pq"kpvgtguv"jcu"ceetwgf"d{"vjg"Dcpm"qp"Fgegodgt" 53." 4237" cpf" 4236" ygtg" PVF" 3.252.867" cpf" PVF" 3.476.:54" vjqwucpf."tgurgevkxgn{0" Vjg" kpvgtguv" tgegkxcdng" qp"yjkej" pq" kpvgtguv" jcu" ceetwgf" kpvgtpcnn{"ygtg"PVF"48.927"vjqwucpf"cpf"PVF"56.262"vjqwucpf."tgurgevkxgn{0"
*4+" Vjgtg"ycu"pq"etgfkv"nqcp"ytkvvgp"qhh"ykvjqwv"rwtuwkv"kp"4237"cpf"42360"
*5+" Vjg"eqpuqnkfcvgf"eqorcp{"encuukhkgu"fkueqwpvu"cpf"nqcpu"dcugf"qp"etgfkv"tkum"hgcvwtgu"qh"rtqfwevu"cu"hqnnqyu<"
Fkueqwpvu"cpf"nqcpu"
Kvgo"Vqvcn"coqwpv"
Cnnqycpeg"hqt"dcf"fgdv"
Vqvcn"coqwpv"Cnnqycpeg"hqt"
dcf"fgdv"Fgegodgt"53."
4237"Fgegodgt"53."
4237"Fgegodgt"53."
4236"Fgegodgt"53."
4236"
Ykvj"kpfkxkfwcn"qdlgevkxg"gxkfgpeg"qh"korcktogpv"
Kpfkxkfwcn"gxcnwcvkqp"
qh"korcktogpv"
Eqtrqtcvg"dcpmkpi"
"" &" 7.829.574" "" &" 3.4:6.256" "" &" 7.:;3.223" "" &" 3.53:.;63"
Rgtuqpcn"dcpmkpi"
"" " 3.;;5.233" "" " 43;.;:;" "" " 3.648.364" "" " 336.675"
Rqtvhqnkq"gxcnwcvkqp"
qh"korcktogpv"
Eqtrqtcvg"dcpmkpi"
"" " 975.875" "" " 3:5.234" "" " 837.354" "" " 397.3:4"
Rgtuqpcn"dcpmkpi"
"" " 3.922.796" "" " 3:9.842" "" " 3.87:.;39" "" " 394.558"
Ykvjqwv"kpfkxkfwcn"qdlgevkxg"gxkfgpeg"qh"korcktogpv"
Rqtvhqnkq"gxcnwcvkqp"
qh"korcktogpv"
Eqtrqtcvg"dcpmkpi"
"" " 429.53;.;22" "" " 3.724.673" "" " 425.:75.373" "" " 3.:52.983"
Rgtuqpcn"dcpmkpi" "" " 39;.:;2.342" "" " 376.895" "" " 398.583.852" "" " 3:7.677"
Vqvcn" " " "" " 5;9.486.832" "" " 5.753.99;" "" " 5:;.:27.;95" "" " 5.9;9.34:"
Vjg"chqtgogpvkqpgf"rtqxkukqp" hqt"dcf"fgdvu" ku"fkuenqugf"rwtuwcpv" vq" KCU"5;"cpf"dcugf" qp" vjg" ejctcevgtkuvkeu" qh" vjg" tkum0" VE" Dcpm" jcu" tgeqipk|gf" oqtg" vjcp" 3'" cu"provision for bad debts for Class I loan assets in accordance with the “Regulations Iqxgtpkpi" vjg"Guvkocvkqp"qh"Rtqxkukqp" hqt"Nquu."Qxgtfwg"Nqcpu" cpf"Pqp/Rgthqtokpi"Loans of Bank Assets” and Letter Chin/Mwcp/[kp/Hc/\k" Pq0" 32232228:52" cpf"eqornkgf"ykvj"vjg"tgswktgogpvu"ugv"hqtvj"kp"Ngvvgt"Ejkp/Mwcp/Mwq/\k"Pq0"3252254;662"
153
58"
December 2014 onward yjgtgd{"rtqxkukqp"hqt"pqp/rgthqtokpi"tgcnv{"nqcpu"ujcnn"dg"pq"nguu"vjcp"307'0"Cu"qh"Fgegodgt"53"4237"cpf"Fgegodgt"53"4236."vjg"ceewowncvgf"rtqxkukqp" hqt" dcf" fgdvu" coqwpvgf" vq" PVF" 4.955.759" vjqwucpf" cpf" PVF" 3.94;.448"vjqwucpf."tgurgevkxgn{0"
*6+" Fgvcknu"cpf"ejcpigu"qh"cnnqycpeg"hqt"dcf"fgdvu"hqt"tgegkxcdngu"cpf"fkueqwpvu"cpf"nqcpu"hqt"4237"cpf"4236"ctg"uwooctk|gf"cu"hqnnqyu<"
" " 4237"
" "Ceeqwpvu"tgegkxcdng" "
Fkueqwpvu"cpf"nqcpu" " Vqvcn"
Dcncpeg."dgikppkpi" " " " &" 4;;.425" " " " &" 7.748.576" " " " &" 7.:47.779"Rtqxkfgf"kp"vjg"ewttgpv"rgtkqf" " " " " 82.323" " " " " 897.68:" " " " " 957.78;"
Ytkvg/qhh"qh"pqp/rgthqtokpi"nqcpu" " " *"" 384.576"+" " " *"" ;:5.7;:"+" " " *"" 3.367.;74"+"
Eqnngevkqp"qh"ytkvvgp"qhh"dcf"fgdv" " " " " 3:.547" " " " " 3.288.993" " " " " 3.2:7.2;8"
Gzejcpig"ghhgevu" " " " " 34;" " " " " " 32.243" " " " " " 32.372" "Tgencuukhkecvkqp" " " " " 52.922" " " *"" 4;.922"+" " " " " 3.222"Dcncpeg."gpfkpi" " " " &" 468.326" " " " &" 8.487.538" " " " &" 8.733.642"
"
" " 4236"
" "Ceeqwpvu"tgegkxcdng" "
Fkueqwpvu"cpf"nqcpu" " Vqvcn"
Dcncpeg."dgikppkpi" " " " &" 3;3.:77" " " " &" 6.67:.365" " " " &" 6.86;.;;:"Rtqxkfgf"kp"vjg"ewttgpv"rgtkqf" " " " " 349.;;3" " " " " 3.:4:.262" " " " " 3.;78.253"
Ytkvg/qhh"qh"pqp/rgthqtokpi"nqcpu" " " *"" 44.877"+" " " *"" 3.333.:82"+" " " *"" 3.356.737"+"
Eqnngevkqp"qh"ytkvvgp"qhh"dcf"fgdv" " " " " 3:.3:8" " " " " 537.374" " " " " 555.55:"
Gzejcpig"ghhgevu" " " " " 982" " " " " 3;.;67" " " " " 42.927" "Tgencuukhkecvkqp" " " *"" 38.;56"+" " " " " 38.;56" " " " " /"Dcncpeg."gpfkpi" " " " &" 4;;.425" " " " &" 7.748.576" " " " &" 7.:47.779"
"
Cnnqycpeg" hqt"dcf"fgdvu" hqt"cdqxg/ogpvkqpgf" tgegkxcdngu" kpenwfgu"cnnqycpeg" hqt"dcf"fgdvu" hqt"fgnkpswgpv" nqcpu"qvjgt" vjcp" nqcpu" vtcpuhgttgf" htqo" nqcpu0"Rngcug" tghgt" vq"Pqvg"38"hqt"fgvcknu0"
154
59"
"
340" Cxckncdng/hqt/Ucng"Hkpcpekcn"Cuugvu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Eqtrqtcvg"dqpf" " " " &"45.473.:8;" " " " &"42.359.259"Qxgtugcu"dqpf" " " " " 4;7.728" " " " " 583.544"Iqxgtpogpv"dqpfu" " " " " /" " " " " 8.696"Nkuvgf"uvqemu"/"qxgtugcu" " " " " 339.944" " " " " ;9.483"Nkuvgf"uvqemu"/"fqoguvke" " " " " 326.;87" " " " " 32;.;25"Dqpfu"cpf"fgrqukvqt{"tgegkrvu" " " " " /" " " " " /"" " " " &"45.992.284" " " " &"42.933.;;9"
"
*3+" Hqtgkip"dqpfu."nkuvgf"uvqemu"cpf"fgrqukvqt{"tgegkrvu"ctg"xcnwgf"kp"hqtgkip"ewttgpekgu"cu"hqnnqyu<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"WUF" " " " &" 34.7:9" " " " &" 36.6;9"
"
*4+" Cu"qh"Fgegodgt"53"4237"cpf"Fgegodgt"53"4236."vjg"coqwpv"qh"hqtgkip"dqpfu"cxckncdng"hqt"ucng"qh"vjg"dwukpguu"eqodkpcvkqp"cxckngf"cu"vjg"eqpfkvkqp"hqt"T1R"coqwpvgf"vq"PVF2"cpf"PVF4:6.8;9"vjqwucpf"*WUF";"vjqwucpf+."tgurgevkxgn{0"
*5+" Cu"qh"Fgegodgt"53"4237"cpf"Fgegodgt"53"4236."dqpfu"cpf"fgrqukvqt{"tgegkrvu"qh"vjg"eqorcpkgu"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"cxckncdng"hqt"ucng"ctg"tgeqipk|gf"cu"korcktogpv"nquu"kp"hwnn"coqwpv"chvgt"gxcnwcvkqp0"
*6+" Cu"qh"Fgegodgt"53"4237"cpf"Fgegodgt"53"4236."vjg"dqqm"xcnwg"qh"cxckncdng/hqt/ucng"qxgtugcu"dqpfu" ugewtkpi" hwpfu"dqttqygf" htqo"dcpmu"ygtg"PVF"2" vjqwucpf"cpf"PVF"85.488"vjqwucpf"*WUF"4.222"vjqwucpf+0"Rngcug"tghgt"vq"Pqvg"57"hqt"fgvcknu0"
*7+" The consolidated company’u"cxckncdng/hqt/ucng"iqxgtpogpv"dqpf"qp"Fgegodgt"53."4237"cpf"4236"wugf"cu"dwukpguu" ugewtkv{"dqpf"qh"Vckejwpi"Eqoogtekcn"Dcpm"Eqpuqnkfcvgf"Ugewtkvkgu" Eq0." Nvf0" hqt" vjg" fgpqokpcvkqp" qh" PVF" 2" vjqwucpf" cpf" PVF" 3;7.222"vjqwucpf"are classified under the “Guarantee deposit and margin paid.” Pngcug"tghgt" vq"Pqvg"3;0"
350" Jgnf"vq"ocvwtkv{"kpxguvogpvu"/"pgv"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Qxgtugcu"dqpf" " " " &"6.:;5.8;2" " " " &" ;:7.727"Iqxgtpogpv"dqpfu" " " " " 887.92;" " " " " 654.6;:"" " " " " 7.77;.5;;" " " " " 3.63:.225"Nguu<"ceewowncvgf"korcktogpv" " " " " /" " " " " /"" " " " &"7.77;.5;;" " " " &"3.63:.225"
"
155
5:"
"
*3+" Hqtgkip"dqpfu"ctg"xcnwgf"kp"hqtgkip"ewttgpekgu"cu"hqnnqyu<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"WUF" " " " &" 96.222" " " " &" 7.222"TOD" " " " " 6;4.972" " " " " 384.972"
"
*4+" Cu"qh"Fgegodgt"53."4237"cpf"4236."vjg"dqqm"xcnwgu"qh"vjg"jgnf/vq/ocvwtkv{"iqxgtpogpv"dqpfu"ugewtkpi"TR"ygtg"PVF"48;.322"vjqwucpf"cpf"PVF"2"vjqwucpf."tgurgevkxgn{0"
*5+" Vjg"eqpuqnkfcvgf"Eqorcp{"jcf"tgeqipk|gf"cp"cuugv"korcktogpv"tgxgtucn"ickp"qh"PVF"2"vjqwucpf"cpf"PVF";:4.;45"vjqwucpf"hqt"vjg"hqtgkip"dqpfu"cuuguugf"kp"4237"cpf"4236."tgurgevkxgn{0"
*6+" Cu"qh"Fgegodgt"53."4237"cpf"4236."vjg"dqqm"xcnwg"qh"jgnf/vq/ocvwtkv{"qxgtugcu"dqpfu"ugewtkpi" vjg" hwpfu" dqttqygf" htqo" dcpmu" ygtg" PVF" 386.372" vjqwucpf" *WUF7.222"vjqwucpf+"cpf"PVF"37:.387"vjqwucpf"*WUF7.222"vjqwucpf+0"Rngcug"tghgt"vq"Pqvg"57"hqt"fgvcknu0"
360" Kpxguvogpv"wpfgt"vjg"gswkv{"ogvjqf"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"" " Coqwpv" "Ujctgjqnfkpi"" Coqwpv" "Ujctgjqnfkpi'"
Kpfkxkfwcn"pqp/fqokpcpv"cuuqekcvgu" "
"" ""
"" ""
Tgnkcpeg"Ugewtkvkgu"Kpxguvogpv"Vtwuv"Eq0."Nvf0"
"
""&" 358.834" """ 5:068" """&" 362.4:4" """ 5:068"
"
Vjg"4237"cpf"4236"kpxguvogpv"rtqhkv"*nquu+"qh"vjg"eqpuqnkfcvgf"eqorcp{"kp"vjg"chhknkcvgf"eqorcp{"tgeqipk|gf"wpfgt"vjg"gswkv{"ogvjqf"ku"cu"hqnnqyu<"
Kpxguvgg" " 4237" " 4236"Tgnkcpeg"Ugewtkvkgu"Kpxguvogpv"Vtwuv"Eq0."Nvf0"
"" *"&" 5.894"+" " " " &" 645"
"
Vjg" eqpuqnkfcvgf" hkpcpekcn" kphqtocvkqp" qh" vjg" chhknkcvgf" eqorcp{" qh" vjg" eqpuqnkfcvgf"eqorcp{"ku"cu"hqnnqyu<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Vqvcn"cuugvu" " " " &"587.263" " " " &"598.9;;"Vqvcn"Nkcdknkvkgu" " " " &" ;.:74" " " " &" 34.287"
"
" " 4237" " 4236"Qrgtcvkpi"kpeqog"/"ewttgpv" " " " &" 63.258" " " " &" 6;.59;"Pgv"*nquu+"rtqhkv"qh"ewttgpv"rgtkqf" " " *"&" ;.76;"+" " " " &" 3.2;;"Ewttgpv"rgtkqf"qvjgt"eqortgjgpukxg*nquu+"kpeqog"
"" " &" 6" "
"" " &" 757"
"
Vjg"4237"cpf"4236"rtqhkv"qt"nquu"cpf"qvjgt"eqortgjgpukxg"rtqhkv"qt"nquu"qh"vjg"chhknkcvgf"eqorcp{"wpfgt" vjg" gswkv{"ogvjqf"ycu" tgeqipk|gf" kp" ceeqtfcpeg"ykvj" vjg" cwfkvgf" hkpcpekcn"uvcvgogpvu"fwtkpi"vjg"ucog"rgtkqf"qh"vjg"chhknkcvgf"eqorcp{0"
370" Tguvtkevgf"cuugvu"
156
5;"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Tguvtkevgf"cuugvu"–"dcpm"fgrqukvu" " " " &"626.4:2" " " " &"562.836"Rgpfkpi"ugvvngogpv"rc{ogpvu" " " " " /" " " " " 69;"Wpfgtytkvkpi"oqpg{"eqnngevgf" " " " " 353.3;7" " " " " /"" " " " &"757.697" " " " &"563.2;5"
"
The consolidated company’s restricted bank deposit" cu" vjg" eqnncvgtcn" hqt" vjg" kpvgtdcpm"hkpcpekpi"qh"vjg"eqpuqnkfcvgf"eqorcp{0"Rngcug"tghgt"vq"Pqvg"570"
380" Qvjgt"hkpcpekcn"cuugvu"/"pgv"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Hkpcpekcn"cuugvu"cv"equv" " " " &" 367.8:6" " " " &" 367.8:6"Qvjgt"hkpcpekcn"cuugvu"/"qvjgtu" " " " " ;53.5;6" " " " " :83.:;;"Qvjgt"Fgnkpswgpv"nqcpu"/"pgv" " " " " 35.985" " " " " 3;:.77;"" " " " &"3.2;2.:63" " " " &"3.428.364"
"
*3+" Fgvcknu"qh"vjg"hkpcpekcn"cuugvu"ecttkgf"cv"equv"ctg"uwooctk|gf"cu"hqnnqyu<"" " Fgegodgt"53."4237" " Fgegodgt"53."4236"
Eqooqp"uvqem"qvjgt"vjcp"rwdnken{"qhhgtkpi"qh"fqoguvke"eqooqp"uvqem" " " " &"367.8:6" " " " &"367.8:6"
"
Vjg"wpnkuvgf1QVE"gswkv{"kpxguvogpv"tghgttgf"vq"cdqxg"qh"vjg"eqpuqnkfcvgf"eqorcp{"ku" ogcuwtgf" cv" equv" nguu" korcktogpv" nquugu" qp" vjg" dcncpeg" ujggv" fcvg." dgecwug" c"tgcuqpcdng"guvkocvg"qh"vjg"hckt"xcnwg"tcpig"ku"ukipkhkecpv"cpf"vjg"rtqdcdknkv{"qh"c"xctkgv{"qh" guvkocvgu" ecppqv" dg" tgcuqpcdn{" cuuguugf." ecwukpi" vjg" eqpuqnkfcvgf" company’s ocpcigogpv"vq"dgnkgxg"vjcv"vjg"hckt"xcnwg"ecppqv"dg"tgnkcdn{"ogcuwtgf0"
*4+" Qvjgt"hkpcpekcn"cuugvu"/"qvjgtu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Tgrwtejcug"rtqfwevu"kuuwgf"d{"RGO"Itqwr0" " " " &"4.3;:.742" " " " &"4.329.57:"
Nguu<"ceewowncvgf"korcktogpv" " " *"" 3.489.348"+" " " *"" 3.467.67;"+"" " " " &" ;53.5;6" " " " &" :83.:;;"
"
Vjg"eqpuqnkfcvgf"eqorcp{"ceeqtfkpi"vq"vjg"tguqnwvkqp"tgcejgf"kp"vjg"dqctf"oggvkpi"qp"May 6, 2009 has the “Rtkxcvg"Gswkv{"Ocpcigogpv"Itqwr"*RGO"Itqwr+"Uvtwevwtgf"Pqvg"Ewuvqogt"Kpvgtguvu"Rtqvgevkqp"Rtqitco” defined for repurchasing RGO"Itqwr"uvtwevwtgf"pqvgu"gpvktgn{"htqo"vjg"kpxguvqtu"ykvj"vjg"kpuwtcpeg"cuugvu"ceegrvgf"kp"Hgdtwct{."42330"
Chvgt" gxcnwcvkpi" vjg" xcnwg" qh" kpuwtcpeg" rqnke{" cuugvu" kuuwgf" d{" RGO" Itqwr." vjg"eqpuqnkfcvgf"eqorcp{"tgeqipk|gf"c"ickp"qp"tgxgtucn"qh"korcktogpv"nquu"qh"PVF"5:.749"vjqwucpf"cpf"PVF"65.2;:"vjqwucpf"tgurgevkxgn{"hqt"vjg"{gct"gpfgf"4237"cpf"42360"
*5+" Fgvcknu"qh"qvjgt"fgnkpswgpv"ceeqwpvu."pgv"ctg"uwooctk|gf"cu"hqnnqyu<"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Pqp/fgnkpswgpv"nqcpu"tguvcvgf"htqo"nqcpu" " " " &" 53.884" " " " &"479.:;;"
Nguu<"Cnnqycpeg"hqt"dcf"fgdv"*Pqvg"32"cpf"33+" " " *"" 39.:;;"+" " " *"" 7;.562"+"
" " " " &" 35.985" " " " &"3;:.77;"
157
62"
"
390" Rtqrgtv{."rncpv."cpf"gswkrogpv"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Vjg"dqqm"coqwpv"qh"gcej"ecvgiqt{" " " " "Ncpf" " " " &"9.:59.522" " " " &"4.24;.:22"Dwknfkpiu"cpf"uvtwevwtgu" " " " " ;59.5:;" " " " " ;92.838"Vtcpurqtvcvkqp"cpf"eqoowpkecvkqp"gswkrogpv"
"" " " 34.:88"
"" " " 35.98;"
Okuegnncpgqwu"gswkrogpv" " " " " 663.96:" " " " " 579.3;5"Ngcugjqnf"kortqxgogpv" " " " " " 8.33;" " " " " 3.:2:"Rtgrc{ogpvu"hqt"tgcn"rtqrgtvkgu" " " " " " 56.:75" " " " " 3.947.222"Rtgrc{ogpvu"hqt"gswkrogpv" " " " " 3.697" " " " " 7.822"" " " " &";.493.972" " " " &"7.325.9:8""
" " 4237"
" " Ncpf" "Dwknfkpiu"cpf"uvtwevwtgu" "
Vtcpurqtvcvkqp"cpf"
eqoowpkecvkqp"gswkrogpv" "
Okuegnncpgqwu"gswkrogpv" "
Ngcugjqnf"kortqxgogpv" " "
Rtgrc{ogpvu"hqt"tgcn"rtqrgtvkgu" " "
Rtgrc{ogpvu"hqt"gswkrogpv" " Vqvcn"
Equv" " " " " " " " " " " " " " " " "Dcncpeg."
dgikppkpi"""" &" 4.328.:22"
""" &" 3.;;4.:85"
""" &" 57.997"
""" &" 3.4:5.267"
""" &" 3.;83"
""" &" 3.947.222"
""" &" 7.822"
""" &" 9.373.266"
Kpetgcug" " "" " 6.2:4.722" " "" " /" " "" " 5.273" " "" " 423.::8" " "" " 7.578" " "" " 56.:75" " "" " 5.:97" " "" " 6.553.743"Fgetgcug" " "" " /" " "*"" 3.22:"+" " "*"" 4.56;"+" " "*"" 9:.634"+" " "" " /" " "" " /" " "" " /" " "*"" :3.98;"+"Tgencuukhkgf"kp"vjg"
ewttgpv"rgtkqf"""" " 3.947.222"
""" " /"
""" " /"
""" " 7.:68"
""" " /"
""*"" 3.947.222"+"
""*"" :.222"+"
""*"" 4.376"+"
Pgv"gzejcpig"fkhhgtgpegu"
""" " /"
""" " /"
""" " /"
""*"" 484"+"
""" " /"
""" " /"
""" " /"
""*"" 484"+"
Dcncpeg."gpfkpi" " "" " 9.;36.522" " "" " 3.;;3.:77" " "" " 58.699" " "" " 3.634.325" " "" " 9.539" " "" " 56.:75" " "" " 3.697" " "" " 33.5;:.5:2"Ceewowncvgf"
fgrtgekcvkqp"""
""
""
""
""
""
""
""
Dcncpeg."dgikppkpi"
""" " /"
""" " 3.244.469"
""" " 44.228"
""" " ;47.:74"
""" " 375"
""" " /"
""" " /"
""" " 3.;92.47:"
Kpetgcug" " "" " /" " "" " 55.449" " "" " 5.;67" " "" " 344.645" " "" " 3.267" " "" " /" " "" " /" " "" " 382.862"Fgetgcug" " "" " /" " "*"" 3.22:"+" " "*"" 4.562"+" " "*"" 99.:44"+" " "" " /" " "" " /" " "" " /" " "*"" :3.392"+"Tgencuukhkgf"kp"vjg"
ewttgpv"rgtkqf"""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
Pgv"gzejcpig"fkhhgtgpegu"
" "" " /" " "" " /" " "" " /" " "*"" ;:"+" " "" " /" " "" " /" " "" " /" " "*"" ;:"+"
Dcncpeg."gpfkpi" " "" " /" " "" " 3.276.688" " "" " 45.833" " "" " ;92.577" " "" " 3.3;:" " "" " /" " "" " /" " "" " 4.26;.852"Ceewowncvgf"
korcktogpv"""
""
""
""
""
""
""
""
Dcncpeg."dgikppkpi"
""" " 99.222"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " 99.222"
Rtqxkfgf"kp"vjg"ewttgpv"rgtkqf"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
Fgetgcug" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /"Tgencuukhkgf"kp"vjg"
ewttgpv"rgtkqf"""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
Dcncpeg."gpfkpi" " "" " 99.222" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " 99.222"Pgv."gpfkpi" " "" &" 9.:59.522" " "" &" ;59.5:;" " "" &" 34.:88" " "" &" 663.96:" " "" &" 8.33;" " "" &" 56.:75" " "" &" 3.697" " "" &" ;.493.972"
158
63"
"" " 4236"
" " Ncpf" "Dwknfkpiu"cpf"uvtwevwtgu" "
Vtcpurqtvcvkqp"cpf"
eqoowpkecvkqp"gswkrogpv" "
Okuegnncpgqwu"gswkrogpv" "
Ngcugjqnf"kortqxgogpv" " "
Rtgrc{ogpvu"hqt"tgcn"rtqrgtvkgu" " "
Rtgrc{ogpvu"hqt"gswkrogpv" " Vqvcn"
Equv" " " " " " " " " " " " " " " " "Dcncpeg."
dgikppkpi"""" &" 4.328.:22"
""" &" 3.;;4.:85"
""" &" 54.89;"
""" &" 3.448.329"
""" &" /"
""" &" /"
""" &" 4.622"
""" &" 7.582.:6;"
Kpetgcug" " "" " /" " "" " /" " "" " 8.;3;" " "" " ;9.638" " "" " 3.986" " "" " 3.947.222" " "" " 9.272" " "" " 3.:5:.36;"Fgetgcug" " "" " /" " "" " /" " "*"" 5.:56"+" " "*"" 67.8;7"+" " "" " /" " "" " /" " "" " /" " "*"" 6;.74;"+"Tgencuukhkgf"kp"vjg"
ewttgpv"rgtkqf"""" " /"
""" " /"
""" " 33"
""" " 6.;64"
""" " 3;9"
""
""*"" 5.:72"+"
""" " 3.522"
Pgv"gzejcpig"fkhhgtgpegu"
""" " /"
""" " /"
""" " /"
""" " 497"
""" " /"
""" " /"
""" " /"
""" " 497"
Dcncpeg."gpfkpi" " "" " 4.328.:22" " "" " 3.;;4.:85" " "" " 57.997" " "" " 3.4:5.267" " "" " 3.;83" " "" " 3.947.222" " "" " 7.822" " "" " 9.373.266"Ceewowncvgf"
fgrtgekcvkqp"""
""
""
""
""
""
""
""
Dcncpeg."dgikppkpi"
""" " /"
""" " ;::.447"
""" " 43.632"
""" " :79.:9;"
""" " /"
""" " /"
""" " /"
""" " 3.:89.736"
Kpetgcug" " "" " /" " "" " 56.244" " "" " 5.7;;" " "" " 335.482" " "" " 375" " "" " /" " "" " /" " "" " 373.256"Fgetgcug" " "" " /" " "" " /" " "*"" 5.225"+" " "*"" 67.627"+" " "" " /" " "" " /" " "" " /" " "*"" 6:.62:"+"Tgencuukhkgf"kp"vjg"
ewttgpv"rgtkqf"""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
Pgv"gzejcpig"fkhhgtgpegu"
""" " /"
""" " /"
""" " /"
""" " 33:"
""" " /"
""" " /"
""" " /"
""" " 33:"
Dcncpeg."gpfkpi" " "" " /" " "" " 3.244.469" " "" " 44.228" " "" " ;47.:74" " "" " 375" " "" " /" " "" " /" " "" " 3.;92.47:"Ceewowncvgf"
korcktogpv"""
""
""
""
""
""
""
""
Dcncpeg."dgikppkpi"
""" " 99.222"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " 99.222"
Rtqxkfgf"kp"vjg"ewttgpv"rgtkqf"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
Fgetgcug" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /"Tgencuukhkgf"kp"vjg"
ewttgpv"rgtkqf"""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
""" " /"
Dcncpeg."gpfkpi" " "" " 99.222" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " /" " "" " 99.222"Pgv."gpfkpi" " "" &" 4.24;.:22" " "" &" ;92.838" " "" &" 35.98;" " "" &" 579.3;5" " "" &" 3.:2:" " "" &" 3.947.222" " "" &" 7.822" " "" &" 7.325.9:8"
"
*3+" Rtqrgtv{"cpf"gswkrogpv"qh"vjg"eqpuqnkfcvgf"eqorcp{"ctg"crrtgekcvgf"kp"ceeqtfcpeg"ykvj"vjg"uvtckijv"nkpg"ogvjqf"qxgt"vjg"wughwn"{gctu"cu"hqnnqyu<"
Dwknfkpiu"cpf"uvtwevwtgu" "Dwknfkpiu" " 52"vq"82"{gctu"Tgpqxcvkqp"gpikpggtkpi" " 32"vq"4;"{gctu"
Vtcpurqtvcvkqp"cpf"eqoowpkecvkqp"gswkrogpv"
"5"vq"7"{gctu"
Okuegnncpgqwu"gswkrogpv" " 4"vq"37"{gctu"Ngcugjqnf"kortqxgogpv" " " 7"{gctu"
"
*4+" Vjg"Dqctf"qh"VE"Dcpm"tguqnxgf"kp"c"uguukqp"fcvgf"Fgegodgt"6"4236"vq"dw{"ncpf"nqecvgf"cv" Jwkokp" Ugevkqp" qh" Zkvwcp" Fkuvtkev" kp" Vckejwpi" Ekv{" coqwpvkpi" vq" PVF7.972.222"vjqwucpf" hqt" vjg" eqpuvtwevkqp" qh" vjg" pgy" eqtrqtcvg" jgcfswctvgtu" dwknfkpi0" C" fqyp"rc{ogpv" coqwpvkpi" vq" PVF3.947.222" vjqwucpf" jcu" dggp" ghhgevgf" kp" 42360" Cu" qh"Fgegodgt" 53" 4237." vjg" tgockpfgt" coqwpv" qh"PVF6.247.222" vjqwucpf" jcu" dggp" hwnn{"ugvvngf"cpf"vjg"ncpf"vkvng"vtcpuhgt"cpf"tgikuvtcvkqp"jcu"dggp"ceeqornkujgf0" "
3:0" Kpvcpikdng"cuugvu"
Ejcpig"qh"Kpvcpikdng"cuugvu"ctg"cu"hqnnqyu<"
" " 4237" " 4236"Dcncpeg."dgikppkpi"qh"{gct" " " " &"365.97;" " " " &" ;9.5:2"Kpetgcug"kp"ewttgpv"rgtkqf" " " " " :5.492" " " " " 96.559"Coqtvk|gf"kp"ewttgpv"rgtkqf" " " *"" 67.3:5"+" " " *"" 57.4:6"+"Tgencuukhkgf"kp"vjg"ewttgpv"{gct" " " " " 4.376" " " " " 9.538"Pgv"gzejcpig"fkhhgtgpegu" " " *"" 7"+" " " " " 32"Dcncpeg."gpf"qh"{gct" " " " &"3:5.;;7" " " " &"365.97;"
159
64"
Vjg" kpvcpikdng" cuugvu" qh" vjg" dwukpguu" eqodkpcvkqp" ctg" eqorwvgt" uqhvyctg" cpf" vjg"cuukipgf"tkijv"qh"qrgtcvkqp"htqo"Hgpi"Ukpi"Ugewtkvkgu0"Eqorwvgt"uqhvyctg"ku"coqtvk|gf"cnqpi"vjg"{gctu"qh"wug"d{"pcvwtg"qh"vjg"uqhvyctg0"Vjg"tkijv"qh"qrgtcvkqp"ku"kpvcpikdng"cuugvu"vjcv"vjg"nkhg" urcp" ecppqv" dg"fgvgtokpgf" cpf"pq" coqtvk|cvkqp" ku"ocfg0"Cu"qh"Fgegodgt" 53"4237." pq"korcktogpv"qh"uwej"tkijv"qh"qrgtcvkqp"jcu"dggp"fgenctgf"kp"vjg"gxcnwcvkqp0"
3;0" Qvjgt"cuugvu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Tghwpfcdng"fgrqukvu" " " " &"3.6:9.;67" " " " &"3.633.238"Rtgrc{ogpvu" " " " " 99.5:7" " " " " 88.669"Qvjgtu" " " " " 3.797" " " " " 4.366"" " " " &"3.788.;27" " " " &"3.69;.829"
"
*3+" Vjg"vkog"fgrqukvu"cpf"iqxgtpogpv"dqpfu"jgnf"vq"ocvwtkv{"fgrqukvgf"d{"vjg"eqpuqnkfcvgf"eqorcp{"cu"vjg"ugewtkv{"dqpf"hqt"rtqxkukqpcn"ugk|wtg"cv"eqwtv"cpf"hqt"dwukpguu"iwctcpvgg"qp"Fgegodgt" 53." 4237" cpf" 4236"ygtg"PVF"3.275.422" vjqwucpf" cpf"PVF"3.359.222"vjqwucpf."yjkej"ctg"uvcvgf"cu"tghwpfcdng"fgrqukvu0"Rngcug"tghgt"vq"Pqvg"57"hqt"fgvcknu0"
*4+" Vjg" dwukpguu" eqodkpcvkqp" jcu" fkurqugf" cnn" vjg" ceegrvgf" eqnncvgtcnu" vjcv" jcxg" dggp"tgeqipk|gf"hqt"korcktogpv0"Vjg"ecwug"qh"korcktogpv"ku"gnkokpcvgf"cpf"tgxgtucn"ickp"qh"tgeqipkvkqp"hqt"korcktogpv"coqwpvgf"vq"PVF"4.465"vjqwucpf"kp"42360"
420" Fwg"vq"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Ecnn"nqcpu"vq"dcpmu" " " " &" 5.222.222" " " " &" ;.874.33:"Fwg"vq"Ejwpijyc"Rquv"Eq0."Nvf0" " " " " :85.676" " " " " 3.267.243"Fgrqukvu"qh"qvjgt"dcpmu" " " " " 872" " " " " 46:"" " " " &" 5.:86.326" " " " &"32.8;9.5:9"
"
430" Hwpfu"dqttqygf"htqo"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Hwpfu"dqttqygf"htqo"dcpmu" " " " &"5.354.676" " " " &"5.6;;.;82"Kpvgtdcpm"hkpcpekpi"tcvg"*'+" " " " " 3092Å5032" " " " " 3085Å4096"
"
Rngcug"tghgt"vq"Pqvg"57"hqt"vjg"eqnncvgtcn"qh"vjg"kpvgtdcpm"nqcpu<"
440" Dknnu"cpf"dqpfu"uqnf"wpfgt"tgrwtejcug"citggogpvu"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Qxgtugcu"dqpf" " " " &" /" " " " &"495.795"Iqxgtpogpv"dqpfu" " " " " 495.534" " " " " /"" " " " &"495.534" " " " &"495.795"
"
160
65"
Rquv/rgtkqf"tg/rwtejcug"coqwpv"cpf"kpvgtguv"tcvg"ctg"cu"hqnnqyu<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Qxgtugcu"dqpf" " " " &" /" " " " &"495.:;:"Iqxgtpogpv"dqpfu" " " " " 495.6:6" " " " " /"" " " " &"495.6:6" " " " &"495.:;:"" " " " "Qxgtugcu"dqpf" " " " " /" " " " " 2092'"Iqxgtpogpv"dqpfu" " " " " 205:'" " " " " /"
"
Hqtgkip"dqpfu"ctg"xcnwgf"kp"hqtgkip"ewttgpekgu"cu"hqnnqyu<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"WUF" " " " &" /" " " " &" :.86:"
"
450" Rc{cdngu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Pqvgu"cpf"ejgemu"kp"engctkpi" " " " &"3.847.5;3" " " " &"5.3:9.7:9"Rc{cdng"urqv"gzejcpig"ugvvngogpv"rc{ogpv" " " " " 87;.5;7" " " " " 3.2:3.:67"
Ceegrvcpegu"rc{cdng" " " " " 546.445" " " " " 982.9::"Kpvgtguv"rc{cdng" " " " " 549.369" " " " " 587.96;"Ceetwgf"gzrgpugu" " " " " 3.375.;63" " " " " ;93.3;5"Eqnngevkqp"rc{cdng" " " " " 374.696" " " " " 79.3::"Rc{cdng"uvtwevwtgf"pqvg"kpfgopkv{"*Pqvg"58+" " " " " 6.5;4" " " " " 6.847"
Tgegkxcdng"ceeqwpvu"hqt"ugvvngogpv" " " " " 45;.:56" " " " " 4;;.552"Qvjgt"rc{cdngu" " " " " 8;6.64;" " " " " 857.576"" " " " &"7.3:3.448" " " " &"9.585.87;"
"
460" Ewuvqogt"fgrqukvu"cpf"tgokvvcpegu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Ejgem"fgrqukvu" " " " &" 8.925.839" " " " &" 8.;65.98:"Ewttgpv"fgrqukvu" " " " " 357.::6.478" " " " " 332.;4:.782"Ewttgpv"ucxkpi"fgrqukvu" " " " " 332.63:.794" " " " " 325.55:.884"Vkog"fgrqukvu" " " " " 334.673.6;6" " " " " 322.;74.253"Vkog"ucxkpi"fgrqukvu" " " " " 35;.58;.529" " " " " 355.:24.:6:"Tgokvvcpegu" " " " " 58.955" " " " " 477"" " " " &"726.:85.;9;" " " " &"677.;88.346"
"
161
66"
470" Hkpcpekcn"dqpfu"rc{cdng"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Uwdqtfkpcvg"hkpcpekcn"dqpfu" " " " &"37.;22.222" " " " &"36.622.222"
"
*3+" Uwdqtfkpcvg"hkpcpekcn"dqpfu"
30" As approved by FSC’s Letter under Jin/Iwcp/[kp"*6+"\k"Pq0"2;:22326272"fcvgf"Octej" 42." 422;." vjg" Vckejwpi" Dcpm" kuuwgf" 3uv" vgto" vq" 6vj" vtcpejg" uwdqtfkpcvg"hkpcpekcn"dqpfu"hqt"422;"qp"Lwpg"48."Fgegodgt"32."Fgegodgt"3:."cpf"Fgegodgt"52." 422;" cpf" 3uv" vgto" vq" 4pf" vtcpejg" uwdqtfkpcvg" hkpcpekcn" dqpfu" hqt" 4232" qp"Lcpwct{"4:"cpf"Hgdtwct{";."4232"wrqp"vjg"hqnnqykpi"vgtou"cpf"eqpfkvkqpu<"
*3+" Crrtqxgf<"PVF"7.222.222"vjqwucpf0"
*4+" Kuuwgf<"
C0"3uv"vgto"422;<"3.:22.222"vjqwucpf0"
D0"4pf"vgto"422;<"322.222"vjqwucpf0"
E0"5tf"vgto"422;<"3.422.222"vjqwucpf0"
F0"6vj"vgto"422;<"3.322.222"vjqwucpf0"
G0"3uv"vgto"4232<"822.222"vjqwucpf0"
H0" 4pf"vgto"4232<"422.222"vjqwucpf0"
*5+" Dqqm"xcnwg<"
C0"3uv"vgto"422;<"PVF"322"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
D0"4pf"vgto"422;<"PVF"722"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
E0"5tf"vgto"422;<"PVF"722"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
F06vj"vgto"422;<"PVF"722"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
G0"3uv"vgto"4232<"PVF"722"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
H0" 4pf"vgto"4232<"PVF"32.222"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
*6+" Fwtcvkqp<"
C0"3uv"vgto"422;<"9"{gctu."ocvwtgf"qp"Lwpg"48."42380"
D0"4pf"vgto"422;<"9"{gctu."ocvwtgf"qp"Fgegodgt"32."42380"
E0"5tf"vgto"422;<"9"{gctu."ocvwtgf"qp"Fgegodgt"3:."42380"
F0"6vj"vgto"422;<"807"{gctu."ocvwtgf"qp"Lwpg"52."42380"
G0"3uv"vgto"4232<"9"{gctu."ocvwtgf"qp"Lcpwct{"4:."42390"
H0" 4pf"vgto"4232<"8"{gctu."ocvwtgf"qp"Hgdtwct{";."42380"
*7+" Dqpf"kpvgtguv"tcvg<"
C0"3uv"vgto"422;<" vjg"fkurnc{gf" hnqcvkpi" tcvgu" hqt"qpg/{gct" vgto"fgrqukvu"qh"Ejwpijwc"Rquv"Eq0."Nvf0"rnwu"3062'0"
D0"4pf"vgto"422;<"vjg"hkzgf"cppwcn"tcvg"qh"4097'0"
E0"5tf"vgto"422;<" vjg"fkurnc{gf"hnqcvkpi"tcvgu" hqt"qpg/{gct" vgto"fgrqukvu"qh"Ejwpijwc"Rquv"Eq0."Nvf0"rnwu"3072'0"
F0"6vj"vgto"422;<" vjg"fkurnc{gf" hnqcvkpi" tcvgu" hqt"qpg/{gct" vgto"fgrqukvu"qh"Ejwpijwc"Rquv"Eq0."Nvf0"rnwu"306:'0"
162
67"
G0"3uv"vgto"4232<" vjg"fkurnc{gf" hnqcvkpi" tcvgu" hqt"qpg/{gct" vgto"fgrqukvu"qh"Ejwpijwc"Rquv"Eq0."Nvf0"rnwu"3072'0"
H0" 4pf"vgto"4232<" vjg"fkurnc{gf"hnqcvkpi"tcvgu"hqt"qpg/{gct" vgto"fgrqukvu"qh"Ejwpijwc"Rquv"Eq0."Nvf0"rnwu"3072'0"
*8+" Tgrc{ogpv"Ogvjqfu<"tgrc{ogpv"kp"nwor"uwo"wrqp"ocvwtkv{0"
*9+" Rc{ogpv"qh"kpvgtguv<"kpvgtguv"rckf"rgt"ukz"oqpvju"cu"qh"vjg"fcvg"qh"kuuwcpeg0"
40" Cu" crrtqved by FSC’s Letter under Jin/Iwcp/[kp/Rkcq/\k" Pq0" 2;;22426452"fcvgf" Lwpg" 6." 4232." vjg" Vckejwpi"Dcpm" kuuwgf" 5tf" vtcpejg" uwdqtfkpcvg" hkpcpekcn"dqpfu"hqt"4232"qp"Lwpg"47"."4232"wrqp"vjg"hqnnqykpi"vgtou"cpf"eqpfkvkqpu<"
*3+" Crrtqxgf<"PVF";22.222"vjqwucpf0"
*4+" Kuuwgf<"PVF";22.222"vjqwucpf0"
*5+" Fgpqokpcvkqp<"PVF"32.222"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
*6+" Fwtcvkqp<"9"{gctu."ocvwtgf"qp"Lwpg"47."42390"
*7+" Dqpf"kpvgtguv"tcvg"ku"vjg"fkurnc{gf"hnqcvkpi"tcvgu"hqt"qpg/{gct"vgto"fgrqukvu"qh"Ejwpijwc"Rquv"Eq0."Nvf0"rnwu"3097'0"
*8+" Tgrc{ogpv"Ogvjqfu<"tgrc{ogpv"kp"nwor"uwo"wrqp"ocvwtkv{0"
*9+" Rc{ogpv"qh"kpvgtguv<"kpvgtguv"rckf"rgt"ukz"oqpvju"cu"qh"vjg"fcvg"qh"kuuwcpeg0"
50" As approved by FSC’s Letter under Jin/Iwcp/[kp/Rkcq/\k" Pq0" 32322527;22"fcvgf" Ugrvgodgt" 46." 4234." vjg" Vckejwpi" Dcpm" kuuwgf" 3uv" vtcpejg" uwdqtfkpcvg"hkpcpekcn" dqpfu" hqt" 4234" qp"Pqxgodgt" 35." 4234" wrqp" vjg" hqnnqykpi" vgtou" cpf"eqpfkvkqpu<"
*3+" Crrtqxgf<"PVF"5.222.222"vjqwucpf0"
*4+" Kuuwgf<"PVF"5.222.222"vjqwucpf0"
*5+" Fgpqokpcvkqp<"PVF"3.222"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
*6+" Fwtcvkqp<"9"{gctu."ocvwtgf"qp"Pqxgodgt"35."423;0"
*7+" Eqwrqp"tcvg<"Hkzgf"cppwcn"kpvgtguv"tcvg"403'0"
*8+" Tgrc{ogpv"Ogvjqfu<"tgrc{ogpv"kp"nwor"uwo"wrqp"ocvwtkv{0"
*9+" Rc{ogpv"qh"kpvgtguv<"kpvgtguv"rckf"rgt"ukz"oqpvju"cu"qh"vjg"fcvg"qh"kuuwcpeg0"
60" Cu" crproved by FSC’s Letter under Jin/Iwcp/[kp/Rkcq/\k" Pq0" 324222:;552"fcvgf" Crtkn" :." 4235." vjg" Vckejwpi" Dcpm" kuuwgf" 3uv" vtcpejg" cpf" 4pf" vtcpejg"uwdqtfkpcvg"hkpcpekcn"dqpfu"hqt"4235"qp"Lwpg"47"cpf"Fgegodgt"38."4235"wrqp"vjg"hqnnqykpi"vgtou"cpf"eqpfkvkqpu<"
*3+" Crrtqxgf<"PVF"8.222.222"vjqwucpf0"
*4+" Kuuwgf<"
C0"3uv"vgto"4235<"4.722.222"vjqwucpf0"
D0"4pf"vgto"4235<"5.222.222"vjqwucpf0"
*5+" Dqqm"xcnwg<"
C0"3uv"vgto"4235<"PVF"722"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
D0"4pf"vgto"4235<"PVF"722"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
*6+" Fwtcvkqp<"
C0"3uv"vgto"4235<"9"{gctu."ocvwtgf"qp"Lwpg"47."42420"
163
68"
D0"4pf"vgto"4235<"8"{gctu."ocvwtgf"qp"Fgegodgt"38."423;0"
*7+" Dqpf"kpvgtguv"tcvg<"
C0"3uv"vgto"4235<"vjg"hkzgf"cppwcn"tcvg"qh"403'0"
D0"4pf"vgto"4235<"vjg"hkzgf"cppwcn"tcvg"qh"403'0"
*8+" Tgrc{ogpv"Ogvjqfu<"tgrc{ogpv"kp"nwor"uwo"wrqp"ocvwtkv{0"
*9+" Rc{ogpv"qh"kpvgtguv<"kpvgtguv"rckf"rgt"ukz"oqpvju"cu"qh"vjg"fcvg"qh"kuuwcpeg0"
70" Vjg" eqorcp{" jcu" dggp" crrtqxgf" d{" Hkpcpekcn" Uwrgtxkuqt{" Eqookuukqp" wpfgt"Ngvvgt" Ejkp/Mwcp/[kp/Rkcq/\k" Pq0" 32622422682" fcvgf" Cwiwuv" 48" 4237" hqt" vjg"kuuwcpeg"qh"pq"ocvwtkv{"pqp/ewowncvkxg"uwdqtfkpcvgf"hkpcpekcn"fgdgpvwtgu"Kuuwg"3uv"hqt"4237"qp"Fgegodgt"4:"42370"Vjg"vgtou"cpf"eqpfkvkqpu"hqt"kuuwcpeg"ctg"ujqyp"dgnqy<"
*3+" Crrtqxgf<"PVF"3.722.222"vjqwucpf0"
*4+" Kuuwgf<"PVF"3.722.222"vjqwucpf0"
*5+" Fgpqokpcvkqp<"PVF"32.222"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
*6+" Ocvwtkv{<"pq"ocvwtkv{"fcvg"
*7+" Eqwrqp"tcvg<"604:'"hnqcvkpi"rgt"cppwo"
*8+" Rtkpekrcn" tgvktgogpv<" gzgewvgf" kp" ceeqtfcpeg" ykvj" vjg" tgiwncvkqpu" qh"kuuwcpeg"
*9+" Kpvgtguv"rc{ogpv<"qpeg"cppwcnn{"htqo"vjg"kuuwkpi"fcvg"
*4+" Eqpxgtvkdng"hkpcpekcn"dqpfu"
30" As approved by FSC’s Letter under Jin/Iwcp/\jgpi/Hc/\k"Pq0"322223:4;8"fcvgf"Oc{" 38." 4233." vjg" Vckejwpi" Dcpm" kuuwgf" hktuv" wpugewtgf" eqpxgtvkdng" hkpcpekcn"dqpfu"qh"PVF"4.522.222"vjqwucpf"ykvj"vjg"eqwrqp"tcvg"qh"2'"qp"Lwpg"37."42330"Kp" ceeqtfcpeg" ykvj" UHCU" Pq05;." vjg" eqpxgtvkdng" tkijvu" cpf" nkcdknkvkgu" ygtg"ugrctcvgn{" tgeqipk|gf" cu" gswkv{" cpf" nkcdknkvkgu0"Vjg" eqorqpgpvu" qh" nkcdknkvkgu" ctg"tgeqipk|gf"cu"godgffgf"fgtkxcvkxgu"cpf"pqp/fgtkxcvkxg"nkcdknkvkgu0"Vjg"godgffgf"fgtkxcvkxg"ycu"ocvwtgf" qp" Lwpg" 37" 4235" qh"yjkej" vjg" coqwpv" qh"PVF386.422"vjqwucpf" ygtg" tgfggogf" cv" ocvwtkv{0" Vjg" Dcpm" tgeqipk|gf" ecrkvcn" nquu" hqt"tgfgorvkqp" qh" dqpfu" coqwpvgf" vq" PVF9.6;7" vjqwucpf." cpf" icxg" wr" vjg"tgfgorvkqp" tkijv" hqt" vjg" tgockpfgt" qh" vjg" kpuvtwogpv0" Qp" vjg" ocvwtkv{" fcvg."PVF4.2:7.;22" vjqwucpf" yqtvj" qh" dqpfu" kp" dqqm" xcnwg" ygtg" eqpxgtvgf" kpvq"428.94;" vjqwucpf" ujctgu" qh" eqooqp" uvqem0" Vjg" tgockpfgt" qh" PVF6;.;22"vjqwucpf"ygtg"tgfggogf"cv"ocvwtkv{"qp"Lwpg"37"42360"
40" Kuuwcpeg" vgtou" for the Taichung Bank’s first domestic unsecured convertible hkpcpekcn"dqpfu"ctg"uwooctk|gf"cu"hqnnqyu<"
*3+" Crrtqxgf<"PVF"4.:22.222"vjqwucpf0"
*4+" Kuuwgf<"PVF4.522.222"vjqwucpf0"
*5+" Fgpqokpcvkqp<"PVF322"vjqwucpf."kuuwgf"cv"rct"xcnwg0"
*6+" Fwtcvkqp<"5"{gctu."ocvwtgf"qp"Lwpg"37."42360"
*7+" Eqwrqp"tcvg<"eqwrqp"tcvg"2'0"
*8+" Tgrc{ogpv<"C"ukping"rc{ogpv"kp"ecuj"ku"ocfg"hqt"wpeqpxgtvgf"dqpfu"qt"hqt"gzgtekug"qh"rwv"qrvkqpu0"
*9+" Kpvgtguv"rc{ogpv<"Pqpg0"
*:+" Eqpxgtukqp"rtkeg<"PVF"330:;0"
164
69"
*;+" Rwv" qrvkqpu<" Dqpfjqnfgtu" oc{" cum" vjg" Vckejwpi" Dcpm" vq" tgfggo" vjg"hkpcpekcn"dqpfu"cv"vjg"rct"xcnwg"rnwu"c"{kgnf"tcvg"qh"307'"kp"ecuj"ykvjkp"hqtv{"fc{u"dghqtg"vjg"fcvg"cu"qh"yjkej"vjg"eqpxgtvkdng"hkpcpekcn"dqpfu"jcxg"dggp"kuuwgf"hqt"vyq"{gctu"*Lwpg"37."4235+0"
*32+" Ecnn"qrvkqp<"Htqo"vjg"fcvg"chvgt"ukz"oqpvju"htqo"vjg"kuuwcpeg"fcvg"vq"hqtv{"fc{u" dghqtg" vjg" gzrktcvkqp" fcvg" qh" vjg" eqpxgtvkdng" hkpcpekcn" dqpfu." kh" vjg"coqwpv"qh"wpeqpxgtvgf"dqpfu" ku" nqygt" vjcp"32'"qh" vqvcn" kuuwcpeg"coqwpv"cpf"vjg"enqukpi"rtkegu"qh"eqooqp"ujctgu"qh"Vckejwpi"Dcpm"gzeggf"52'"qh"vjg" ewttgpv" eqpxgtukqp" rtkeg" hqt" eqpugewvkxg" vjktv{" dwukpguu" fc{u." vjg"Vckejwpi" Dcpm" oc{" tgecnn" qwvuvcpfkpi" dqpfu" cv" vjg" fgpqokpcvkqp" qh" vjg"dqpfu"kp"ecuj0"
50" The conversion procedure for the Taichung Bank’s first domestic unsecured eqpxgtvkdng"hkpcpekcn"dqpfu"ku"uwooctk|gf"cu"hqnnqyu<"
*3+" Wpfgtn{kpi"uvqem<"
Eqooqp" ujctgu" qh" vjg" Vckejwpi" Dcpm0" Vjg" eqpxgtukqp" ku" ocfg" d{"kuuwcpeg"qh"pgy"ujctgu0"
*4+" Eqpxgtukqp"rgtkqf<"
Dqpfjqnfgtu"oc{"htqo"vkog"vq"vkog"cum"vjg"Dcpm"vq"eqpxgtv"vjgkt"dqpfu"kpvq"eqooqp"ujctgu"htqo"Lwn{"38."4233"*vjg"pgzv"fcvg"chvgt"qpg"oqpvj"htqo"vjg"kuuwcpeg" fcvg" qh" vjg" dqpfu+" vq" Crtkn" 39." 4236" gzegrv" vq" uvqem" fkxkfgpf"vtcpuhgt" uwurgpukqp" fc{." htqo" hkhvggp" dwukpguu" fc{u" dghqtg" ecuj" fkxkfgpf"vtcpuhgt" uwurgpukqp" fc{" qt" uwurgpukqp" fc{" hqt" uwduetkrvkqp" qh" eqooqp"ujctgu"hqt"ecuj"ecrkvcn"kpetgcug"vq"dcug"fc{"hqt"tkijv"fkuvtkdwvkqp."htqo"dcug"fc{" hqt" ecrkvcn" fgetgcug" vq" vjg" fc{" dghqtg" vjg" ujctg" tgrncegogpv" fcvg" hqt"ecrkvcn" fgetgcug" cpf" qvjgt" eqooqp" uvqem" vtcpuhgt" uwurgpukqp" rgtkqf" wrqp"ncyu"cpf"tgiwncvkqpu0"
*5+" Rtqegfwtgu"vq"cum"hqt"eqpxgtukqp<"
C0"Bondholders complete the “Conversion/Redemption/Put Back Application for Convertible Financial Bond Book Entry” (please mark “Conversion”) at their original securities company to make the crrnkecvkqp" vjtqwij" Vckycp" Fgrqukvqt{" (" Engctkpi" Eqtrqtcvkqp"*jgtgkpchvgt"tghgttgf"vq"cu"$VFEE$+0"VFEE"uwdokvu"vjg"crrnkecvkqp"vq"vjg"Taichung Bank’s stock transfer agent after receiving it. The application dgeqogu" ghhgevkxg" wrqp" tgegkrv" qh" crrnkecvkqp" cpf" ecppqv" dg" ecpegnngf0"Vjg"eqpxgtukqp"rtqegfwtg"yknn"dg"eqorngvgf"ykvjkp"7"dwukpguu"fc{u"chvgt"delivery and stocks will be directly transferred into bondholders’ central fgrqukvqt{"ceeqwpvu0"
D0"Yjgp" qxgtugcu" Ejkpgug" qt" hqtgkipgtu" crrn{" vq" eqpxgtv" vjg" dqpfu" vjg{"jqnf" kpvq" ujctgu" qh" vjg" Vckejwpi" Dcpm." ujctgu" ctg" fkuvtkdwvgf" vjtqwij"dqqm"gpvt{"d{"VFEE0"
*6+" Vjg"eqpxgtukqp"rtkeg"cv"kuuwcpeg"ku"PVF"330:;0"Chvgt"kuuwcpeg"qh"hkpcpekcn"dqpfu." vjg" eqpxgtukqp" rtkeg" ujqwnf" dg" cflwuvgf" kp" ceeqtfcpeg" ykvj" vjg"rtguetkdgf" hqtownc" hqt" cp{" kpetgcug" kp" kuuwgf" eqooqp" ujctgu" gzegrv" hqt"tgrncegogpv" qh" eqooqp" ujctgu" fwg" vq" kuuwcpeg" qh" xctkqwu" ugewtkvkgu" ykvj"eqooqp"ujctg"eqpxgtvkdng"tkijvu"qt"uvqem"qrvkqpu0"Vjg"eqpxgtukqp"fgcfnkpg"ycu" qp" Crtkn" 39" 42360" Vjg" eqpxgtukqp" rtkeg" wpfgt" vjg" ugv" gswcvkqp" ycu"PVF3202;0"
60" Ejcpigu" kp" ceeqwpvu" tgngxcpv" vq" eqpxgtvkdng" hkpcpekcn" dqpfu" rc{cdng" ctg"uwooctk|gf"cu"hqnnqyu<"
165
6:"
4237<"Pqpg0"
" " 4236"
" "
Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" "
Hkpcpekcn"dqpfu"rc{cdng" "
Qvjgt"ecrkvcn"uwtrnwu" "
Dgpghkv"*nquu+"htqo"ghhgevu"qh"rtqhkv"cpf"nquu"ceeqwpvu"
Dcncpeg."dgikppkpi"
""" &" /" " "" &" 3.864.:8;" " "" &" 87.886" " "" &" /"
Fkueqwpv"coqtvk|cvkqp"qh"hkpcpekcn"dqpfu"
"
"" " /" " "" " 7.:52" " "" " /" " "*"" 7.:52"+"Ocvwtg"kp"ewttgpv"
rgtkqf0" """" " /" " "*"" 6;.;22"+" " "" " /" " "" " /"
Ewttgpv"eqpxgtukqp"
""" " /" " "*"" 3.7;:.9;;"+" " "*"" 79.;57"+" " "" " /"
Dcncpeg."gpfkpi" " "" &" /" " "" &" /" " "" &" 9.94;" " "*"&" 7.:52"+"
"
480" Qvjgt"hkpcpekcn"nkcdknkvkgu"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Cnnqecvgf"vq"ngpfkpi"hwpf" " " " &" 58;" " " " &" 3.842"Eqoogtekcn"rcrgtu"rc{cdng" " " " " 49:.867" " " " " 55:.898"" " " " &"49;.236" " " " &"562.4;8"
"
490" Nkcdknkv{"tgugtxg"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Gornq{gg"dgpghkv"nkcdknkvkgu"tgugtxg" " " " &" ;8:.855" " " " &" 879.942"Tgugtxg"hqt"iwctcpvgg"nkcdknkv{" " " " " 348.::;" " " " " 33;.264"Cnnqycpeg"hqt"eqpvkpigpe{" " " " " /" " " " " :22"" " " " &"3.2;7.744" " " " &" 999.784"
"
*3+" Gornq{gg"dgpghkv"nkcdknkvkgu"tgugtxg"ku"fgvckngf"cu"hqnnqyu<"
" Fgegodgt"53."4237"" Fgegodgt"53."4236"Fghkpgf"dgpghkv"nkcdknkvkgu" " " " &":99.72;" " " " &"798.7;5"Gornq{ggu"rtghgtgpvkcn"fgrqukv"rncp"
"" " " 97.:23"
"" " " 87.78:"
Qvjgt"nqpi/vgto"gornq{gg"dgpghkv"nkcdknkvkgu"
"" " " 37.545"
"" " " 37.77;"
" " " " &";8:.855" " " " &"879.942"
"
166
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30" Fghkpgf"eqpvtkdwvkqp"rgpukqp"rncp"
The pension system of the “Labor Pension Act” that is applicable to the Eqorcp{" cpf" kvu" uwdukfkctkgu" qh" vjg" eqpuqnkfcvgf" eqorcp{" ku" c" fghkpgf"eqpvtkdwvkqp" rgpukqp" rncp" uwdlgev" vq" iqxgtpogpv" ocpcigogpv" ykvj" cp" coqwpv"gswkxcngpv" vq" 8'" qh" vjg" oqpvjn{" ucnct{" crrtqrtkcvgf" cpf" eqpvtkdwvgf" vq" vjg"rgtuqpcn"ceeqwpv"ykvj"vjg"Dwtgcw"qh"Ncdqt"Kpuwtcpeg0"
Vjg"coqwpv" vq"dg"crrtqrtkcvgf" kp" ceeqtfcpeg"ykvj" vjg"fghkpgf"eqpvtkdwvkqp"rncp" d{" vjg" eqpuqnkfcvgf" eqorcp{" qp" vjg" eqortgjgpukxg" kpeqog" uvcvgogpv" kp"4237" cpf" 4236" ygtg" PVF" 86.;43" vjqwucpf" cpf" PVF" 84.655" vjqwucpf."tgurgevkxgn{0"
40" Fghkpgf"dgpghkv"rncp"
Vjg" eqpuqnkfcvgf" eqorcp{’u" rgpukqp" u{uvgo" wpfgt" vjg" “Ncdqt" Uvcpfctfu"Law” of the R.O.C. is a defined" dgpghkv" rgpukqp" rncp0" Rgpukqp" rc{ogpv" ku"ecnewncvgf" kp" ceeqtfcpeg" ykvj" vjg" {gctu" qh" ugtxkeg" cpf" vjg" cxgtcig" ucnct{" ukz"oqpvju" rtkqt" vq" vjg" cwvjqtk|gf" tgvktgogpv" fcvg0" Vjg" dwukpguu" eqodkpcvkqp" jcu"eqpvtkdwvgf" vq" vjg"gornq{gg"rgpukqp" hwpf"oqpvjn{"dcugf"qp" vjg" vqvcn" ucnctkgu" vq"Ncdqt"Rgpukqp"Tgugtxg"Uwrgtxkuqt{"Eqookvvgg"hqt"fgrqukv"cv"vjg"urgekcn"ceeqwpv"kp" vjg"Dcpm" qh" Vckycp" dgctkpi" vjg" vkvng" qh" vjg" eqookvvgg0" Kh" vjg" dcncpeg" qh" vjg"urgekcn" ceeqwpv" dghqtg" vjg" gpf" qh" vjg" hkuecn" {gct" ku" kpuwhhkekgpv" vq" ugvvng" vjg"rc{ogpv" hqt" gornq{ggu" swcnkhkgf" hqt" tgvktgogpv" kp" vjg" pgzv" hkuecn" {gct." vjg"eqorcp{"ujcnn"ocmg"wr" vjg"fkhhgtgpeg" kp" nwor"uwo"d{" vjg"gpf"qh"Octej"qh" vjg"pgzv" hkuecn" {gct0" Vjg" urgekcn" ceeqwpv" jcu" dggp" eqookuukqpgf" vq" vjg" Dwtgcw" qh"Ncdqt" Hwpf" qh" vjg" Okpkuvt{" qh" Ncdqt" Chhcktu" hqt" ocpcigogpv0" Vjg" eqorcp{"eqpvckpgf" kp" vjg" eqpuqnkfcvgf" hkpcpekcn" uvcvgogpvu" gzgtekugu" pq" kphnwgpeg" qp" vjg"tkijv"qh"vjg"dwtgcw"kp"kvu"kpxguvogpv"ocpcigogpv"uvtcvgi{0"
Vjg" coqwpv" qh" fgvgtokpgf" dgpghkv" rncp" tgeqipk|gf" kp" vjg" eqpuqnkfcvgf"dcncpeg"ujggv"ku"ujqyp"dgnqy<"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Rtgugpv"xcnwg"qh"vjg"fghkpgf"dgpghkv"qdnkicvkqpu" " " " &"3.898.883" " " " &"3.637.579"
Vjg"hckt"xcnwg"qh"rncp"cuugvu" " " *"" 9;;.374"+" " " *"" :5:.986"+"Crrtqrtkcvkqp"ujqtvcig" " " " " :99.72;" " " " " 798.7;5"Pgv"fgvgtokpgf"dgpghkv"nkcdknkv{" " " " " &" :99.72;" " " " &" 798.7;5"
Ejcpig"kp"pgv"fgvgtokpgf"dgpghkv"nkcdknkv{"ku"ujqyp"dgnqy"
" " Rtgugpv"xcnwg"qh"vjg"fghkpgf"
dgpghkv"qdnkicvkqpu" "Vjg"hckt"xcnwg"qh"
rncp"cuugvu"
"Pgv"fgvgtokpgf"dgpghkv"nkcdknkv{" "
Lcpwct{"3."4236" " " " &" 3.477.:76" " " *"&" :48.828"+" " " " &" 64;.46:"Ugtxkeg"equvu" " " " " " "
Ewttgpv"ugtxkeg"equv" " " " " 43.5;7" " " " " /" " " " " 43.5;7"Kpvgtguv"gzrgpugu"
*tgxgpwgu+""" " " 42.629" " " *"" 35.:68"+"
"" " " 8.783"
Tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu"
"" " " 63.:24" " " *"" 35.:68"+"
"" " " 49.;78"
*Eqpvkpwgf"qp"pgzv"rcig+"
167
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" " Rtgugpv"xcnwg"qh"vjg"fghkpgf"
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rncp"cuugvu"
"Pgv"fgvgtokpgf"dgpghkv"nkcdknkv{" "
Tggxcnwcvkqp" " " " " " " "Rncppgf"TQG"
*gzegrv"vjg"coqwpv"qh"pgv"kpvgtguv+"
"
" " &" /" " " *"&" 7.6:4"+" " " *"&" 7.6:4"+"Cevwctkcn"nquu"–"
ejcpig"kp"vjg"cuuworvkqp"qh"vjg"egpuwu"
"
" " " 35:" " " " " /"
"
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cflwuvogpv"vjtqwij"gzrgtkgpeg"
"
" " " 393.4:2" " " " " /"
"
" " " 393.4:2"Tgeqipk|gf"kp"vjg"
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"
" " " 393.63:" " " *"" 7.6:4"+"
"
" " " 387.;58"Gornq{gt"
crrtqrtkcvkqp""" " "" /" " " *"" " 63.649"+"
"" *"" 63.649"+"
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rc{ogpv""" *"" 7.342"+" " " " " /"
"" *"" 7.342"+"
Fgegodgt"53."4236" " " " " 3.637.579" " " *"" :5:.986"+" " " " " 798.7;5"Ugtxkeg"equvu" " " " " " "
Ewttgpv"ugtxkeg"equv" " " " " 44.573" " " " " /" " " " " 44.573"Kpvgtguv"gzrgpugu"
*tgxgpwgu+""" " " 44.85:" " " *"" 35.8;:"+"
"" " " :.;62"
Tgeqipk|gf"kp"vjg"rtqhkv"qt"nquu"
"" " " 66.;:;" " " *"" 35.8;:"+"
"" " " 53.4;3"
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"
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"
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ejcpig"kp"vjg"cuuworvkqp"qh"vjg"egpuwu"
"
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"
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cflwuvogpv"vjtqwij"gzrgtkgpeg"
"
" " " 99.;74" " " " " /"
"
" " " 99.;74"Tgeqipk|gf"kp"vjg"
qvjgt"eqortgjgpukxg"rtqhkv"qh"nquu"
"
" " " 528.;8;" " " *"" :.925"+"
"
" " " 4;:.488"Gornq{gt"
crrtqrtkcvkqp" """ " " /" " " *"" 46.792"+"
"" *"" 46.792"+"
Rncppgf"cuugv"rc{ogpv" " " *"" :8.7:5"+" " " " " :8.7:5" " " " " /"Eqorcp{"ceeqwpv"
rc{ogpv" """ *"" 6.293"+" " " " " /"
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rtgxkqwu"rgtkqf""" " " 6.376" " " " " /"
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rc{ogpv" """ *"" 43.93:"+" " " " " /"
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"
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Dcncpeg"cu"qh"Lcpwct{"3."4236"
""" &" 789.5:4" " "" &" 3:.;6;" " "" &" 8.849" " "" &" 38.:35" " "" &" 87.886" " "" &" 897.657"
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"
"" " 88.473" " "" " /" " "" " /" " "" " /" " "*"" 79.;57"+" " "" " :.538"Dcncpeg"cu"qh"Fgegodgt"53."4236"
""" " 855.855" " "" " 3:.;6;" " "" " 8.849" " "" " 38.:35" " "" " 9.94;" " "" " 8:5.973"
Gornq{gg"uwduetkrvkqp" " " "" " /" " "" " 5:7" " "" " 42" " "" " /" " "" " /" " "" " 627"Dcncpeg"cu"qh"Fgegodgt"53."4237"
""" &" 855.855" " "" &" 3;.556" " "" &" 8.869" " "" &" 38.:35" " "" &" 9.94;" " "" &" 8:6.378"
"
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327"rgtuqpu"kpenwfkpi"Ejk/Ejwcp"Hcpi" " Vjg"ocpcigogpv"53"rgtuqpu"kpenwfkpi"vjg"Ejcirman’s spouse" " Urqwugu"cpf"mkp"cv"vjg"ugeqpf"vkgt"wpfgt"
vjg"Ekxkn"Eqfg"qh"fktgevqtu."Ejcktocp"qh"vjg"Dqctf"cpf"Rtgukfgpv"qh"vjg"Vckejwpi"Eqoogtekcn"Dcpm"
Vckejwpi"Eqoogtekcn"Dcpm"Ewnvwtcn"cpf"Gfwecvkqpcn"Hqwpfcvkqp."Vckejwpi"Commercial Bank Workers’ Welfatg"Eqookuukqp"
" Eqtrqtcvkqpu"tgegkxkpi"fqpcvkqp"coqwpvgf"vq"oqtg"vjcp"qpg/vjktfu"qh"the Taichung Commercial Bank’s Rckf/kp"ecrkvcn"
Tgnkcpeg"Ugewtkvkgu"Kpxguvogpv"Vtwuv"Eq0."Nvf0"
" Chhknkcvgf"eqorcp{"wpfgt"vjg"gswkv{"ogvjqf"
Ejkpc"Ocp/Ocfg"Hkdgt"Eq0."Nvf0" " Wnvkocvg"rctgpv"eqorcp{"Ejwpi"Ejkgp"Kpxguvogpv"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Rcp"Cukc"Kpxguvogpv"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Fgj"Jukpi"Kpxguvogpv"Eq0."Nvf0" " " Uwduvcpvkcn"tgncvgf"rctv{"Itggpeqn"Vckycp"Eqtrqtcvkqp" " Uwduvcpvkcn"tgncvgf"rctv{"Ejqw"Ejkp"Kpfwuvtkcn"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Ig"Nkpi"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"
"
*Eqpvkpwgf"qp"pgzv"rcig+"
186
8;"
*Eqpvkpwgf"htqo"rtgxkqwu"rcig+"
"
Pcog" " Chhknkcvkqp"Pcp"Ejwpi"Rgvtqejgokecn"Eqtr0" " Uwduvcpvkcn"tgncvgf"rctv{"Lg"Ok"Hcpi"Eqtrqtcvkqp" " Uwduvcpvkcn"tgncvgf"rctv{"Tck"Ejkc"Kpxguvogpv"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Jukcpi"Hgpi"Fgxgnqrogpv"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Tgnkcpeg"Ugewtkvkgu"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Ujgpi"Lgp"Mpkvvgf"Vgzvkngu"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Vck"[k"Kpxguvogpv"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Vck"[k"Kpxguvogpv"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Hqtoquc"Korgtkcn"Ykpgugnngt"Eqtr0" " Uwduvcpvkcn"tgncvgf"rctv{"Vqw/Okp"Kpfwuvtkcn"Eq0."Nvf0" " Uwduvcpvkcn"tgncvgf"rctv{"Lkp"Dcpi"Ig"Kpfwuvtkcn"Eqorcp{"Nkokvgf0" " Uwduvcpvkcn"tgncvgf"rctv{"
"
Pqvg"3<" Kpuvkvwvkqpcn"Fktgevqt"Juw"Vkcp"Kpxguvogpv"Eq0."Nvf0"crrqkpvgf"Lkp/Hqpi"Uqq"cu" vjg"tgrtgugpvcvkxg"vq"tgrnceg"Ejkp/[wcp"Nck"qp"Lwn{"38."42370"
Pqvg"4<" Kpuvkvwvkqpcn" Fktgevqt" Jq" [cpi" Ocpcigogpv" Eqpuwnvcpv" Eq0." Nvf" crrqkpvgf"Ejkc/Jwpi"Nkp"cu"vjg"tgrtgugpvcvkxg"vq"tgrnceg"[w/Ejwp"Ejgp"qp"Lcpwct{"38."42370"
Uwooctk|cvkqp" qh" korqtvcpv" vtcpucevkqpu" dgvyggp" vjg" eqpuqnkfcvgf" eqorcp{" cpf"uvcmgjqnfgtu<"
*3+" Nqcpu"4237"
Wpkv<"PVF"vjqwucpf""
" " " " " " " " " " " " " " " " Fkhhgtgpeg"kp"vtcfkpi"
eqpfkvkqpu"cpf"vgtou"ykvj"
pqp/"uvcmgjqnfgtu"
" "Pwodgt"qh"ceeqwpvu"qt"pcog"qh"
uvcmgjqnfgt"
"Oczkowo"dcncpeg"–"ewttgpv"rgtkqf"
"
Dcncpeg."gpfkpi"
" Rgthqtocpeg" " " "
Eqnncvgtcn"Eqpvgpvu"
"
V{rg"
" " " " Pqtocn"ncqpu"
" Pq/rgthqtokpi"nqcpu"
" Kpvgtguv"tgxgpwg"
" "
Ewuvqogt"nqcpu"vq"Gornq{ggu"
" 38"ceeqwpvu" "
" "&" 5.;2;"""&" 4.333"
""&" 4.333"
""&" /" " "&" 6:" "
Etgfkv"nqcupu"
" Pqpg"
Tgukfgpvkcn"oqtvicig"nqcpu"
" 48"ceeqwpvu" "
" " " 76.:24""" " 68.484"
"" " 68.484"
"" " /" " " " :32" " Tgcn"guvcvg" " "
Qvjgt"nqcpu" " Pk"QQ" " " " 7.8;7" " " " 5.693" " " " 5.693" " " " /" " " " 68" " " " "" " Ejgp"QQ" " " " 7.722" " " " 6.722" " " " 6.722" " " " /" " " " 86" " " " "" " Nkw"QQ" " " " 4.775" " " " 4.653" " " " 4.653" " " " /" " " " 67" " " " "" " [cpi"QQ" " " " 4.82;" " " " 4.3:3" " " " 4.3:3" " " " /" " " " 64" " " " "" " [cpi"QQ" " " " 3.93;" " " " ;5" " " " ;5" " " " /" " " " 39" " " " "" " Ejwpi"QQ" " " " 32.222" " " " :.238" " " " :.238" " " " /" " " " 37:" " " " "" " Ngg"QQ" " " " 3.222" " " " /" " " " /" " " " /" " " " 3" " " " "" " Pk"QQ" " " " 4.222" " " " /" " " " /" " " " /" " " " 36" " " " "" " [qw"QQ" " " " 5.222" " " " /" " " " /" " " " /" " " " /" " " " "" " Nkcpi"QQ" " " " 6.7;7" " " " 4.;:6" " " " 4.;:6" " " " /" " " " 74" " " " "" " Yw"QQ" " " " 4.892" " " " 3.;28" " " " 3.;28" " " " /" " " " 66" " " " "
" " \jwcpi"QQ"
" " " 4.425""" " 4.284"
"" " 4.284"
"" " /" " " " 55" " " " "
" " Ejkw"QQ" " " " 6.88:" " " " 6.5;7" " " " 6.5;7" " " " /" " " " :2" " " " "" " Vuck"QQ" " " " 7.222" " " " 6.222" " " " 6.222" " " " /" " " " 334" " " " "" " Nkp"QQ" " " " 4.322" " " " 4.322" " " " 4.322" " " " /" " " " 9" " " " "" " Ngg"QQ" " " " 6.722" " " " 4.222" " " " 4.222" " " " /" " " " 46" " " " "" " Vugpi"QQ" " " " 722" " " " 722" " " " 722" " " " /" " " " 3" " " " "" " Ejcpi"QQ" " " " 33.82;" " " " 33.365" " " " 33.365" " " " /" " " " 4:3" " " " "" " Nkp"QQ" " " " 3:.:36" " " " /" " " " /" " " " /" " " " 56" " " " "" " Ogpi"QQ" " " " 56.::3" " " " ;.865" " " " ;.865" " " " /" " " " 86;" " " " "
187
92"
"4236"
Wpkv<"PVF"vjqwucpf""
" "
Pwodgt"qh"ceeqwpvu"qt"pcog"qh"
uvcmgjqnfgt"
"
Oczkowo"dcncpeg"–"ewttgpv"rgtkqf"
"
Dcncpeg."gpfkpi"
" " " " "
Kpvgtguv"tgxgpwg"
"
Eqnncvgtcn"Eqpvgpvu"
" Fkhhgtgpeg"kp"vtcfkpi"
eqpfkvkqpu"cpf"vgtou"ykvj"
pqp/"uvcmgjqnfgtu"
" " " " " Rgthqtocpeg" " " "
V{rg" " " " "Pqtocn"ncqpu" "
Pq/rgthqtokpi"nqcpu" " " "
Ewuvqogt"nqcpu"vq"Gornq{ggu"
" 3:"ceeqwpvu" "
" "&" 7.9;8" " "&" 4.92;" " "&" 4.92;" " "&" /" " "&" :4" " Etgfkv"nqcupu"
" Pqpg"
Tgukfgpvkcn"oqtvicig"nqcpu"
" 47"ceeqwpvu" "
" "" 76.4;:" " "" 72.86:" " "" 72.86:" " "" /" " "" 989" " Tgcn"guvcvg" " "
Qvjgt"nqcpu" " Nw"QQ" " "" 3.222" " "" /" " "" /" " "" /" " "" /" " ;"Egtvkhkecvg"qh"fgrqukv"
" Pqpg"
" " Pk"QQ" " "" 4.836" " "" 4.5;7" " "" 4.5;7" " "" /" " "" 52" " Tgcn"guvcvg" " "" " Pk"QQ" " "" 4.422" " "" 3.422" " "" 3.422" " "" /" " "" 38" " " " "" " [qw"QQ" " "" 32.822" " "" 6.522" " "" 6.522" " "" /" " "" 88" " " " "" " [cpi"QQ" " "" 5.253" " "" 4.82;" " "" 4.82;" " "" /" " "" 72" " " " "" " [cpi"QQ" " "" 5.83:" " "" 3.93;" " "" 3.93;" " "" /" " "" 54" " " " "" " Vuck"QQ" " "" 9.722" " "" 7.222" " "" 7.222" " "" /" " "" 352" " " " "" " Nkcpi"QQ" " "" 6.727" " "" 4.;;7" " "" 4.;;7" " "" /" " "" 74" " " " "" " Yw"QQ" " "" 5.;2:" " "" 4.892" " "" 4.892" " "" /" " "" 7;" " " " "" " \jwcpi"
QQ"" "" 4.563" " "" 4.425" " "" 4.425" " "" /" " "" 58" " " " "
" " Ejkw"QQ" " "" 6.;57" " "" 6.88:" " "" 6.88:" " "" /" " "" :7" " " " "" " Ngg"QQ" " "" 6.222" " "" 3.222" " "" 3.222" " "" /" " "" 9" " " " "" " Ejcpi"QQ" " "" 33.:22" " "" 33.82;" " "" 33.82;" " "" /" " "" 344" " " " "" " Nkp"QQ" " "" 3;.222" " "" 3:.:36" " "" 3:.:36" " "" /" " "" 325" " " " "" " Ejwpi"QQ" " "" 32.222" " "" 32.222" " "" 32.222" " "" /" " "" /" " " " "" " Ogpi"QQ" " "" 57.222" " "" 56.::3" " "" 56.::3" " "" /" " "" 7:" " " " "
Ceeqtfkpi" vq"Ctvkengu"54"cpf"55"qh" vjg"Dcpmkpi"Cev."pq"pqp/ugewtgf"etgfkv" nqcpu"ujcnn"dg"itcpvgd to any party interested with the Bank’s staff, unless they are consumer nqcpu" cpf" nqcpu" gzvgpfgf" vq" vjg"Iqxgtpogpv"Crrctcvwu=" ugewtgf" etgfkv" nqcpu" ujcnn" dg"itcpvgf" wpfgt" uwhhkekgpv" eqnncvgtcn" cpf" vjg" vgtou" qh" uwej" etgfkv" gzvgpukqp" ujcnn" pqv" dg"oqtg"hcxqtcdng"vjcp"vjqug"qhhgtgf"vq"qvjgt"ewuvqogtu"kp"vjg"ucog"ecvgiqt{0"
188
93"
"
*4+" Fgrqukvu"
" " 4237"
" " Dcncpeg."gpfkpi" "Kpvgtguv"tcvg"eqnnctu"'" " Kpvgtguv"gzrgpugu"
Tgnkcpeg"Ugewtkvkgu"Kpxguvogpv"Vtwuv"Eq0."Nvf0" " " " &" 396.7:5" " 2022Å5042" " " " &" 4.77:"
Vckejwpi"Eqoogtekcn"Dcpm"Workers’ Welfare Eqookuukqp" " " " " 357.955" " 2042Å7053" " " " " 9.682"
Ejkpc"Ocp/Ocfg"Hkdgt"Eq0."Nvf0" " " " " 5;.459" " 2034" " " " " 748"
Tgnkcpeg"Ugewtkvkgu"Eq0."Nvf0" " " " " 35.7;6" " 2022Å302;" " " " " 36:"Vckejwpi"Eqoogtekcn"Dcpm"Ewnvwtcn"cpf"Gfwecvkqpcn"Hqwpfcvkqp" " " " " :.3;4" " 2024Å3059" " " " " 32;"
Hqtoquc"Korgtkcn"Ykpgugnngt"Eqtr0" " " " " 467" " 2034" " " " " /"
Itggpeqn"Vckycp"Eqtrqtcvkqp" " " " " 5.576" " 2034" " " " " 6"Ig"Nkpi"Eq0."Nvf0" " " " " 4.899" " 2034" " " " " 4"Rcp"Cukc"Ejgokecn"Eqtrqtcvkqp" " " " " 48.23;" " 2024Å2034" " " " " 36"Ejqw"Ejkp"Kpfwuvtkcn"Eq0."Nvf0" " " " " 3.63:" " 2024Å2034" " " " " 3"Ejqw"Ejcpi"Eq0."Nvf0" " " " " 3.882" " 2024" " " " " 3"Lg"Ok"Hcpi"Eqtrqtcvkqp" " " " " 7.22;" " 2034" " " " " 7"Qvjgtu" " " " " 439.:72" " 2022Å7053" " " " " 5.:97"" " " " &" 84;.793" " " " " " &" 36.925""
" " 4236"
" " Dcncpeg."gpfkpi" "Kpvgtguv"tcvg"eqnnctu"'" " Kpvgtguv"gzrgpugu"
Tgnkcpeg"Ugewtkvkgu"Kpxguvogpv"Vtwuv"Eq0."Nvf0" " " " &" 3:;.846" " 2022 5042" " " " &" 4.658"
Vckejwpi"Eqoogtekcn"Dcpm"Workers’ Welfare Eqookuukqp" " " " " 356.245" " 2024 705:" " " " " 5.282"
Ejkpc"Ocp/Ocfg"Hkdgt"Eq0."Nvf0" " " " " 74.:7;" " 2035" " " " " 77"
Tgnkcpeg"Ugewtkvkgu"Eq0."Nvf0" " " " " 37.494" " 2035 302;" " " " " 387"Vckejwpi"Eqoogtekcn"Dcpm"
Ewnvwtcn"cpf"Gfwecvkqpcn"Hqwpfcvkqp" " " " " :.393" " 2024 3059" " " " " 332"
Hqtoquc"Korgtkcn"Ykpgugnngt"Eqtr0" " " " " 527" " 2035" " " " " /"
Ig"Nkpi"Eq0."Nvf0" " " " " 4.44;" " 2035" " " " " 4"Rcp"Cukc"Ejgokecn"Eqtrqtcvkqp" " " " " 35.873" " 2024 2035" " " " " ;"Ejqw"Ejkp"Kpfwuvtkcn"Eq0."Nvf0" " " " " 735" " 2035" " " " " /"Ejqw"Ejcpi"Eq0."Nvf0" " " " " 5.325" " 2024" " " " " /"Lg"Ok"Hcpi"Eqtrqtcvkqp" " " " " 49" " 2035" " " " " /"Qvjgtu" " " " " 43:.668" " 2022 705:" " " " " 4.547"" " " " &" 85:.445" " " " " " &" :.384"
"
With the exception of the interest rate for bank clerks’ deposits on December 31, 4237" cpf" 4236" ygtg" 705:'" tgurgevkxgn{." vjg" qvjgt" kpvgtguv" tcvgu" ctg" pqv" ocvgtkcnn{"fkhhgtgpv"htqo"vjqug"qhhgtgf"vq"igpgtcn"ewuvqogtu0"
*5+" Ugtxkeg"Hgg"
189
94"
" " 4237" " 4236"Tgnkcpeg"Ugewtkvkgu"Kpxguvogpv"Vtwuv"Eq0."Nvf0" " " " &" 6.629" " " " &" 8.;56"
"
Uckf"coqwpv"tghgtu"vq"vjg"tgxgpwg"htqo"rtqoqvkqp."ucng"cpf"ejcppgnu0"Vjg"vtcfkpi"rtkeg"dgvyggp"vjg"eqpuqnkfcvgf"eqorcp{"cpf"uvcmgjqnfgtu"ku"ukoknct"vq"vjcv"dgvyggp"vjg"Dcpm"cpf"pqp/uvcmgjqnfgtu"
*6+" Qvjgt"dwukpguu"gzrgpugu"Coqwpv"
" " 4237" " 4236"Ig"Nkpi"Eq0."Nvf0" " " " &" 934" " " " &" 3.337"Lg"Ok"Hcpi"Eqtrqtcvkqp" " " " " 8.523" " " " " 486"Hqtoquc"Korgtkcn"Ykpgugnngt"Eqtr0"
"" " " /"
"" " " 7"
" " " " &" 9.235" " " " &" 3.5:6"
"
Vjg" chqtgogpvkqpgf" coqwpv" ku" tgeqipk|gf" cu" qvjgt" dwukpguu" gzrgpugu0" Vjg"vtcpucevkqp"rtkegu"dgvyggp"vjg"eqpuqnkfcvgf"eqorcp{"cpf"kvu"tgncvgf"rctvkgu"ctg"vjg"ucog"cu"ykvj"wptgncvgf"rctvkgu0"
*7+" Tgyctfu"vq"ocpcigogpv"
Vjg"4237"cpf"4236"vqvcn"tgowpgtcvkqp"vq"fktgevqtu"cpf"vjg"qvjgt"ocpcigogpv"ctg"cu"hqnnqyu<"
" 4237" 4236"Ujqtv/vgto"gornq{gg"dgpghkvu" " " " &"434.:47" " " " &" :6.328"Tgvktgogpv"dgpghkvu" " " " " 922" " " " " 973"Qvjgt"nqpi/vgto"gornq{gg"
dgpghkvu""
" " " 42""
" " " 38"" " " " &"435.767" " " " &" :6.:95"
"
Vjg" rgthqtocpeg" gxcnwcvkqp" cpf" ucnct{" eqorgpucvkqp" qh" fktgevqtu" cpf" vjg"ocpcigogpv" ctg" eqpfwevgf" d{" tghgttkpi" vq" vjg" igpgtcn" rc{ogpv" ngxgn" qh" vjg" kpfwuvt{."rgtuqpcn" rgthqtocpeg." dwukpguu" qrgtcvkpi" rgthqtocpeg" cpf" tgcuqpcdngpguu" qh" tgncvgf"hwvwtg" tkumu0"Cu" hqt" vjg" ujqtv/vgto"rgthqtocpeg"dqpwu" rgtegpvcig" qh" vjg" fktgevqtu" cpf"ocpcigogpv" cpf" vjg" vkokpi" hqt" rctvkcn" xctkcdng" ucnct{" eqorgpucvkqp" rc{ogpv." vjg"hgcvwtgu"qh"vjg"kpfwuvt{"cpf"vjg"dwukpguu"pcvwtg"qh"vjg"Eqorcp{"ujqwnf"dg"kpenwfgf"hqt"eqpukfgtcvkqp0"
190
95"
"
570" Rngfigf"cuugvu"
Vjg"rngfigf"cuugvu"ctg"uvcvgf"cu"hqnnqyu<"
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Fwg"htqo"dcpm/"vkog"fgrqukvu" " " " &" 432.222" " " " &" /"Tguvtkevgf"cuugvu"–"dcpm"fgrqukvu" " " " " 626.4:2" " " " " 562.836"Pqvgu"tgegkxcdng" " " " " 3.6::.:;:" " " " " 4.828.83;"Cxckncdng/hqt/ucng"Hkpcpekcn"Cuugvu/qxgtugcu"dqpf" " " " " /" " " " " 85.488"
Cxckncdng/hqt/ucng"Hkpcpekcn"Cuugvu"/"Iqxgtpogpv"dqpf" " " " " /" " " " " 3;7.222"
Jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu/iqxgtpogpv"dqpf" " " " " :;5.422" " " " " ;;4.222"
Jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu/qxgtugcu"dqpf" " " " " 386.372" " " " " 37:.387"
" " " " &"5.382.74:" " " " &"6.577.886"
"
Qxgtugcu" dqpfu" cpf" tguvtkevgf" cuugvu" –" dcpm" fgrqukvu" ctg" rngfigf" cu" eqnncvgtcnu" hqt"hkpcpekpi0"Iqxgtpogpv"dqpfu"ctg"rngfigu"vq"vjg"eqwtv"hqt"rtqxkukqpcn"ugk|wtg."ugewtkv{"hqt"vjg"qxgtftchv"ceeqwpv"hqt"engctkpi."cpf"cu"dqpf"hqt"ugewtkvkgu"fgcngtu"cpf"vtwuv0"Vjg"fgvckn"ku"ujqyp"dgnqy<" "
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"Ugewtkv{"dqpf"hqt"rtqxkukqpcn"ugk|wtg"cv"eqwtv" " " " &" 565.422" " " " &" 6;4.222"
Ugewtkv{"hqt"vjg"qxgtftchv"nkokv"qh"vjg"engctkpi"ceeqwpv" " " " " 722.222" " " " " 672.222"
Ugewtkvkgu"Dtqmgtcig"dwukpguu"ugewtkv{"dqpf" " " " " /" " " " " 3;7.222"
Tgugtxg"hqt"vtwuv"hwpfu"eqorgpucvkqp"" " " " 72.222" " " " " 72.222"" " " " &" :;5.422" " " " &"3.3:9.222"
"
191
96"
580" Ukipkhkecpv"wpfgtvcmkpi"qt"eqpvkpigpv"nkcdknkvkgu"
Kp"cffkvkqp"vq"vjg"wpfgtvcmkpi"hqt"hkpcpekcn"rtqfwevu"urgekhkgf"kp"Pqvgu":.";"cpf"44."vjg"eqpuqnkfcvgf" eqorcp{" jcxg" jcf" vjg" hqnnqykpi" wpfgtvcmkpiu" qt" eqpvkpigpv" nkcdknkvkgu" wpvkn"Fgegodgt"53."4237"cpf"4236<"
*3+" Wpfgtvcmkpi<"
" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Wpfkudwtugf"nqcp"eqookvogpvu"*gzenwukxg"qh"etgfkv"ectfu+"
"" " &"358.;43.954" " " " &"334.;85.6;8"
Etgfkv"ectf"eqookvvgg" " " " " 37.483.577" " " " " 34.883.;2:"Iwctcpvgg"rc{ogpvu" " " " " 34.486.5:8" " " " " 33.437.489"Vtwuv"nkcdknkvkgu" " " " " 77.767.347" " " " " 75.:69.548"Dcncpeg"qh"crrnkecvkqp"hqt"N1E" " " " " 4.8::.;49" " " " " 5.855.339"Ngcug"eqpvtcev"eqookvogpvu" " " " " :2:.:89" " " " " 3.46:.8;9"
"
*4+" Vjg"Vckejwpi"Dcpm"gpicigf"kp"kpxguvkpi"kp"vjg"uvtwevwtgf"pqvgu"kuuwgf"cpf"ugewtgf"d{"Ngjocp" Dtqvjgtu" Jqnfkpiu" Kpe0" vjtqwij" vjg" urgekcn" oqpgvct{" vtwuvgg" ceeqwpvu" wrqp"investors’ request. However, Lehman Brothers Holdings Inc. petitioned for bankruptcy ykvj"W0U0"eqwtvu"qp"Ugrvgodgt"37."422:0"Vjg"swqvcvkqp"cpf"tgfgorvkqp"qh"vjg"uvtwevwtgf"pqvgu"kuuwgf"cpf"ugewtgf"d{"kv"ygtg"uwurgpfgf0"Chvgtyctfu."kv"rgvkvkqpgf"hqt"cp"gzvgpukqp"cpf"uwdokvvgf"c"tgqticpk|cvkqp"rncp"ykvj"c"W0U"eqwtvu"hqt"crrtqxcn"kp"Fgegodgt"422:."cpf" hwtvjgt" rgvkvkqpgf" hqt" cp" gzvgpukqp" cpf" uwdokvvgf" vyq"oqvkqpu" kp" vjg" fwtcvkqp" qh"fgdv"engctcpeg0"Vjg"W0U0"eqwtv"crrtqxgf"kvu"rgvkvkqp"ncvgt0"
The Taichung Bank defined the “Regulations for Settlement of Dispute over Lehman Brothers Structured Notes” and policy for settlement according to the resolution ocfg"d{"vjg"vgorqtary directors’ meeting on May 6, 2009, and indemnified investors at the ratio assessed by the “Banking Dispute Review Board” of the Bankers Association qh" vjg" Tgrwdnke" qh" Ejkpc0" Chvgt" cuuguuogpv." vjg" Dcpm" tgeqipk|gf" nquu" coqwpvkpi" vq"PVF" 446.5;8" vjqwucpf" htqo" 422;" vq" 42360"Cu" qh"Fgegodgt" 53" 4237." vjg" Dcpm" jcu"ocfg" eqorgpucvkqp" coqwpvgf" vq" PVF" 442.226" vjqwucpf" ykvj" wpugvvngf" rqtvkqp"coqwpvgf"vq"PVF"6.5;4"vjqwucpf."yjkej"ycu"dqqmgf"cu"rc{cdngu0"
192
97"
*5+" Vjg"dcncpeg"ujggv"cpf"vtwuv"rtqrgtv{"ecvcnqiwg"qh"vjg"vtwuv"ceeqwpv"ku"fkuenqugf"rwtuwcpv"to Article 17 of the “Enforcement Rules of Trust Enterprise Act” as follows:"
Dcncpeg"Ujggv"qh"Vtwuv"Ceeqwpvu"Fgegodgt"53."4237"
"Vtwuv"cuugvu" " Coqwpv" " Vtwuv"nkcdknkvkgu" " Coqwpv"
Dcpm"fgrqukvu" " "" &" 3.433.:86" " Rc{cdng" ugewtkvkgu" kp"ewuvqf{"
""" &" 7.226.926"
Ujqtv/vgto"kpxguvogpv" " "" " 68.532.294" " Vtwuv"ecrkvcn" " "Uvtwevwtgf"rtqfwev"kpxguvogpv"
" "" " :45.2;7" " Oqpg{"vtwuv" " "" " 6:.567.253"
Tgcn"guvcvg" " " " Tgcn"guvcvg"vtwuv" " "" " 4.3;7.5;2"Ncpf" " "" " 4.334.542" " Pgv"kpeqog" " "" " 3.695.579"Dwknfkpiu"cpf"uvtwevwtgu"
" "" " :5.292" " Fghgttgf"ectt{/qxgt" " "*"" 3.695.579"+"
Ugewtkvkgu"kp"ewuvqf{" " "" " 7.226.926" " " " "" " " " " " "Vqvcn"vtwuv"cuugvu" " "" &"77.767.347" " Vqvcn"vtwuv"nkcdknkvkgu" " "" &"77.767.347"
"
Rtqrgtv{"Ecvcnqiwg"qh"Vtwuv"Ceeqwpvu"Fgegodgt"53."4237"
"Kpxguvogpv" " Coqwpv"
Dcpm"fgrqukvu" " " " &" 3.433.:86"Ujqtv/vgto"kpxguvogpv" " " " " 68.532.294"Uvtwevwtgf"rtqfwev"kpxguvogpv" " " " " :45.2;7"Tgcn"guvcvg" " "
Ncpf" " " " " 4.334.542"Dwknfkpiu"cpf"uvtwevwtgu" " " " " :5.292"
Ugewtkvkgu"kp"ewuvqf{" " " " " 7.226.926"" " " " &"77.767.347"
"
Kpeqog"Uvcvgogpv"qh"Vtwuv"Ceeqwpvu"4237""
" " Coqwpv"Coqwpv" " "
Kpvgtguv"tgxgpwg" " " " &"4.232.628"Fkxkfgpf"kpeqog" " " " " 3.926"
Vtwuv"gzrgpugu" " "Cfokpkuvtcvkqp"gzrgpugu" " " *"" 75:.787"+"Vczcvkqp" " " *"" 3::"+"
Kpeqog"dghqtg"vczcvkqp" " " " " 3.695.579"Kpeqog"vcz"gzrgpugu" " " " " /"Kpeqog"chvgt"vczcvkqp" " " " &"3.695.579"
193
98"
"
Dcncpeg"Ujggv"qh"Vtwuv"Ceeqwpvu"Fgegodgt"53."4236"
"Vtwuv"cuugvu" " Coqwpv" " Vtwuv"nkcdknkvkgu" " Coqwpv"
Dcpm"fgrqukvu" " "" &" 4.556.942" " Rc{cdng" ugewtkvkgu" kp"ewuvqf{"
" "" &" 6.379.337"
Ujqtv/vgto"kpxguvogpv" " "" " 65.::;.249" " Vtwuv"ecrkvcn" " "Uvtwevwtgf"rtqfwev"kpxguvogpv"
" "" " 824.;:;" " Oqpg{"vtwuv" " "" " 68.:48.958"
Tgcn"guvcvg" " " " Tgcn"guvcvg"vtwuv" " "" " 4.:85.697"Ncpf" " "" " 4.:6;.462" " Pgv"kpeqog" " "" " ;5;.886"Dwknfkpiu"cpf"uvtwevwtgu"
" "" " 36.457" " Fghgttgf"ectt{/qxgt" " "*"" ;5;.886"+"
Ugewtkvkgu"kp"ewuvqf{" " "" " 6.379.337" " " " "" " " " " " "Vqvcn"vtwuv"cuugvu" " "" &"75.:69.548" " Vqvcn"vtwuv"nkcdknkvkgu" " "" &"75.:69.548"
"
Rtqrgtv{"Ecvcnqiwg"qh"Vtwuv"Ceeqwpvu"Fgegodgt"53."4236"
"Kpxguvogpv" " Coqwpv"
Dcpm"fgrqukvu" " " " &" 4.556.942"Ujqtv/vgto"kpxguvogpv" " " " " 65.::;.249"Uvtwevwtgf"rtqfwev"kpxguvogpv" " " " " 824.;:;"Tgcn"guvcvg" " "
Ncpf" " " " " 4.:6;.462"Dwknfkpiu"cpf"uvtwevwtgu" " " " " 36.457"
Ugewtkvkgu"kp"ewuvqf{" " " " " 6.379.337"" " " " &"75.:69.548"
"
Kpeqog"Uvcvgogpv"qh"Vtwuv"Ceeqwpvu"4236""
" " Coqwpv"Coqwpv" " "
Kpvgtguv"tgxgpwg" " " " &" 3.765.722"Vtwuv"gzrgpugu" " "
Cfokpkuvtcvkqp"gzrgpugu" " " *"" 825.8;4"+"Vczcvkqp" " " *"" 366"+"
Kpeqog"dghqtg"vczcvkqp" " " " " ;5;.886"Kpeqog"vcz"gzrgpugu" " " " " /"Kpeqog"chvgt"vczcvkqp" " " " &" ;5;.886"
"
194
99"
*6+" Ngcukpi"eqpvtcevu"cpf"ecrkvcn"gzrgpfkvwtg"eqookvogpvu"ocvwtkv{"cpcn{uku"
The consolidated company’u" ngcukpi" eqpvtcev" eqookvogpvu" kpenwfg" qrgtcvkpi"ngcugu"cpf"hkpcpekpi"ngcugu<"
Vjg" qrgtcvkpi" ngcug" eqookvogpv" ogcpv" hqt" vjg" okpkowo" ngcug" rc{ogpv" qh" vjg"eqpuqnkfcvgf"eqorcp{"cu"c"nguugg"qt"nguuqt"wpfgt"vjg"kttgxqecdng"qrgtcvkpi"ngcug0"
Vjg" hkpcpekpi" ngcug"eqookvogpv"ogcpv" hqt" vjg" hwvwtg" vqvcn" ngcug"rc{ogpv"cpf" kvu"rtgugpv" xcnwg" qh" vjg" eqpuqnkfcvgf" eqorcp{" cu" c" nguugg" wpfgt" vjg" hkpcpekpi" ngcug"eqpfkvkqpu" qt" vjg" vqvcn" ngcug" kpxguvogpv" coqwpv" qt" vjg" rtgugpv" xcnwg" qh" vjg"okpkowo"ngcug"tgegkxcdng"qh"vjg"nguuqt"wpfgt"vjg"hkpcpekpi"ngcug"eqpfkvkqp0"
Ecrkvcn" gzrgpfkvwtg" eqookvogpv" tghgtu" vq" vjg" eqpvtcev" ukipgf" hqt" vjg" ecrkvcn"gzrgpfkvwtgu"rckf"vq"tgegkxg"ctejkvgevwtg"cpf"gswkrogpv0"
Vjg"ocvwtkv{"qh"vjg"eqookvogpvu"qh"vjg"ngcug"citggogpvu"cpf"ecrkvcn"gzrgpfkvwtg"qh"vjg"eqorcpkgu"kp"vjg"eqpuqnkfcvgf"hkpcpekcn"uvcvgogpvu"ctg"cpcn{|gf"dgnqy<"
Fgegodgt"53."4237"
" "Nguu"vjcp"3"
{gct" " 3"Å7"{gctu" "Oqtg"vjcp"7"
{gct" " Vqvcn"Ngcug"eqpvtcev"eqookvogpvu" " " " " " " " "Qrgtcvkpi"ngcug"
gzrgpug"*nguuqt+" " "" &" 3;5.234" " "" &" 48;.;36" " "" &" /" " "" &" 684.;48" "Qrgtcvkpi"ngcug"
kpeqog"*nguuqt+" " "" " 3.464" " "" " 5.462" " "" " /" " "" " 6.6:4"Itquu"hkpcpekcn"ngcug"
kpeqog"*nguuqt+" " "" " 76;.577" " "" " 447.8;7" " "" " /" " "" " 997.272"Rtgugpv"xcnwg"qh"
hkpcpekcn"ngcug"kpeqog"*nguuqt+" " "" " 6;;.;2;" " "" " 438.947" " "" " /" " "" " 938.856"
Ecrkvcn"gzrgpfkvwtg"eqookvogpvu" " "" " 64.563" " "" " /" " "" " /" " "" " 64.563"
Vqvcn" " "" &"3.4:7.:7;" " "" &" 937.796" " "" &" /" " "" &"4.223.655"
"
Fgegodgt"53."4236"
" "Nguu"vjcp"3"
{gct" " 3"Å7"{gctu" "Oqtg"vjcp"7"
{gct" " Vqvcn"Ngcug"eqpvtcev"eqookvogpvu" " " " " " " " "Qrgtcvkpi"ngcug"
gzrgpug"*nguuqt+" " "" &" 378.265" " "" &" 478.952" " "" &" /" " "" &" 634.995"Qrgtcvkpi"ngcug"
kpeqog"*nguuqt+" " "" " ;83" " "" " /" " "" " /" " "" " ;83"Itquu"hkpcpekcn"ngcug"
kpeqog"*nguuqt+" " "" " 649.;23" " "" " 3:8.;25" " "" " /" " "" " 836.:26"Rtgugpv"xcnwg"qh"
hkpcpekcn"ngcug"kpeqog"*nguuqt+" " "" " 5:7.948" " "" " 397.393" " "" " /" " "" " 782.:;9"
Ecrkvcn"gzrgpfkvwtg"eqookvogpvu" "
"" " 6.345.;32"""" " /"
""" " /"
""" " 6.345.;32"
Vqvcn" " "" &"7.2;6.763" " "" &" 83:.:26" " "" &" /" " "" &"7.935.567"
"
195
9:"
590" Fkuenquwtg"qh"kphqtocvkqp"cdqwv"hkpcpekcn"kpuvtwogpvu"
*3+" Kphqtocvkqp"qp"hckt"xcnwg"–"hkpcpekcn"kpuvtwogpvu"pqv"kp"hckt"xcnwg0"
Vjg" hckt" xcnwg"qh" vjg" hkpcpekcn" kpuvtwogpvu"pqv" ceeqwpvgf" hqt" kp" hckt" xcnwg" qh" vjg"dwukpguu"eqodkpcvkqp"ku"pqv"fkuenqugf."cu"vjg"kpuvtwogpvu."ykvj"vjg"gzegrvkqp"cu"uvcvgf"kp"vjg" vcdng" dgnqy." yjkej" dqqm" xcnwg" crrtqzkocvgf" vjg" hckt" xcnwg" cv" tgcuqpcdng" tcpig."kpenwfkpi"ecuj"cpf"ecuj"gswkxcngpvu."ecnn"fwg"htqo"Egpvtcn"Dcpm"cpf"ecnn"nqcpu"vq"dcpmu."kpxguvogpv" kp" T1R" cpf" dqpfu." tgegkxcdngu." fkueqwpv" cpf" nqcpu." tguvtkevgf" cuugvu." qvjgt"hkpcpekcn"cuugvu."fwg"vq"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu."ecnn"nqcpu"htqo"Egpvtcn"Dcpm"cpf"qvjgt" dcpmu." T1R" cpf" dqpf" nkcdknkvkgu." rc{cdngu." fgrqukvu" cpf" tgokvvcpeg." cpf" qvjgt"hkpcpekcn"nkcdknkvkgu0"
30" Hkpcpekcn" cuugvu" cpf" hkpcpekcn" kpuvtwogpvu" yjkej" dqqm" xcnwg" cpf" hckt" xcnwg"ukipkhkecpvn{"fkhhgtgpv0" "
" " Fgegodgt"53."4237" " Fgegodgt"53."4236"" " Dqqm"xcnwg" " Hckt"xcnwg" " Dqqm"xcnwg" " Hckt"xcnwg"
Hkpcpekcn"cuugvu" " " " " " " " "Jgnf/vq/ocvwtkv{"kpxguvogpvu" " "" &" 7.77;.5;;" " "" &" 7.6;9.:;2" " "" &" 3.63:.225" " "" &" 3.5;;.42:"
" " " " " " " " "Hkpcpekcn"nkcdknkvkgu" " " " " " " " "Hkpcpekcn"nkcdknkvkgu"qp"vjg"dcuku"qh"equv"chvgt"coqtvk|cvkqp<" " " " " " " " "/Hkpcpekcn"dqpfu"rc{cdng" " "" " 37.;22.222" " "" " 37.;46.326" " "" " 36.622.222" " "" " 36.572.;44"
"
40" Hckt"xcnwg"dtcemgv" "
Fgegodgt"53."4237"
" Ngxgn"3" " Ngxgn"4" " Ngxgn"5" " Vqvcn"Hkpcpekcn"cuugvu" " " " " " " "Jgnf/vq/ocvwtkv{"kpxguvogpvu"
"" &" 7.6;9.:;2" " "" &" /" " "" &" /"
"" &" 7.6;9.:;2"
" " " " " " " "Hkpcpekcn"nkcdknkvkgu" " " " " " " "Hkpcpekcn"nkcdknkvkgu"qp"vjg"dcuku"qh"equv"chvgt"coqtvk|cvkqp<" "
" " " " " " "/Hkpcpekcn"dqpfu"rc{cdng"
"" " 37.;46.326" " "" " /" " "" " /"
"" " 37.;46.326"
Fgegodgt"53."4236"
" Ngxgn"3" " Ngxgn"4" " Ngxgn"5" " Vqvcn"Hkpcpekcn"cuugvu" " " " " " " "Jgnf/vq/ocvwtkv{"kpxguvogpvu"
"" &" 3.5;;.42:" " "" &" /" " "" &" /"
"" &" 3.5;;.42:"
" " " " " " " "Hkpcpekcn"nkcdknkvkgu" " " " " " " "Hkpcpekcn"nkcdknkvkgu"qp"vjg"dcuku"qh"equv"chvgt"coqtvk|cvkqp<" "
" " " " " " "/Hkpcpekcn"dqpfu"rc{cdng"
"" " 36.572.;44" " "" " /" " "" " /"
"" " 36.572.;44"
196
9;"
*4+" Kphqtocvkqp"qp"hckt"xcnwg"–"hkpcpekcn"kpuvtwogpvu"ceeqwpvgf"hqt"cv"hckt"xcnwg"
30" Hckt"xcnwg"dtcemgv" "
Hkpcpekcn"kpuvtwogpvu"cv"hckt"xcnwg" vjtqwij"rtqhkv"qt" nquu"
" Fgegodgt"53."4237"" Vqvcn" " Ngxgn"3" " Ngxgn"4" " Ngxgn"5"
Pqp/fgtkxcvkxg"hkpcpekcn"kpuvtwogpvu" " " " " " " " "
Cuugvu" " " " " " " " "Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " " " " " " " "Uvqem"kpxguvogpv" " "" &" ;;7.467" " "" &" ;;7.467" " "" &" /" " "" &" /"Dqpf"kpxguvogpv" " "" " 6:.825" " "" " 6:.825" " "" " /" " "" " /"Qvjgtu" " "" " 52.226.556" " "" " 52.226.556" " "" " /" " "" " /"
Cxckncdng/hqt/Ucng"Hkpcpekcn"Cuugvu" " " " " " " " "Uvqem"kpxguvogpv" " "" " 444.8:9" " "" " 444.8:9" " "" " /" " "" " /"Dqpf"kpxguvogpv" " "" " 45.769.597" " "" " 45.769.597" " "" " /" " "" " /"
" " " " " " " " "Fgtkxcvkxgu" " " " " " " " "Cuugvu" " " " " " " " "Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "" " 867.765" " "" " /" " "" " 867.765" " "" " /"
Nkcdknkvkgu" " " " " " " " "Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "*"" 39;.779"+" " "" " /" " "*"" 39;.779"+" " "" " /"
Vqvcn" " "" &" 77.4:6.452" " "" &" 76.:3:.466" " "" &" 687.;:8" " "" &" /"
"
Hkpcpekcn"kpuvtwogpvu"cv"hckt"xcnwg" vjtqwij"rtqhkv"qt" nquu"
" Fgegodgt"53."4236"" Vqvcn" " Ngxgn"3" " Ngxgn"4" " Ngxgn"5"
Pqp/fgtkxcvkxg"hkpcpekcn"kpuvtwogpvu" " " " " " " " "
Cuugvu" " " " " " " " "Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " " " " " " " "Uvqem"kpxguvogpv" " "" &" :85.523" " "" &" :85.523" " "" &" /" " "" &" /"Qvjgtu" " "" " 33.794.24:" " "" " 33.794.24:" " "" " /" " "" " /"
Cxckncdng/hqt/Ucng"Hkpcpekcn"Cuugvu" " " " " " " " "Uvqem"kpxguvogpv" " "" " 429.386" " "" " 429.386" " "" " /" " "" " /"Dqpf"kpxguvogpv" " "" " 42.726.:55" " "" " 42.726.:55" " "" " /" " "" " /"
" " " " " " " " "Fgtkxcvkxgu" " " " " " " " "Cuugvu" " " " " " " " "Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "" " 798.499" " "" " /" " "" " 798.499" " "" " /"
Nkcdknkvkgu" " " " " " " " "Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "*"" 355.582"+" " "" " /" " "*"" 355.582"+" " "" " /"
Vqvcn" " "" &" 55.7;2.465" " "" &" 55.369.548" " "" &" 664.;39" " "" &" /"
"
40" Vgejpkswgu"hqt"hckt"xcnwg"cuuguuogpv" "
Vjg"hckt"xcnwg"qh"vjg"hkpcpekcn"cuugvu"cpf"hkpcpekcn"nkcdknkvkgu"cuuqekcvgf"ykvj"vjg"uvcpfctf"vgtou"cpf"eqpfkvkqpu"cpf"vtcfgf"kp"cp"cevkxg"octmgv"ku"fgvgtokpgf"d{"tghgttkpi" vq" octmgv" rtkegu." kpenwfkpi" fqoguvke" cpf" hqtgkip" eqtrqtcvg" dqpfu."iqxgtpogpv" dqpfu." uvqemu." eqoogtekcn" rcrgtu." dgpghkekct{" egtvkhkecvgu." hkpcpekcn"dqpf" rc{cdngu." eqpxgtvkdng" hkpcpekcn" dqpfu" 000" gve0"Yjgp" octmgv" rtkegu" ctg" pqv"cxckncdng." kv" ku" cuuguugf" wukpi" vjg" xcnwcvkqp" ogvjqf0" Vjg" guvkocvgu" cpf"cuuworvkqpu" wugf" kp" vjg" gxcnwcvkqp" ogvjqfu" d{" vjg" eqpuqnkfcvgf" eqorcp{" ctg"
197
:2"
eqpukuvgpv"ykvj"vjg"guvkocvgu"cpf"cuuworvkqpu"vjcv"ctg"wugf"d{"octmgv"rctvkekrcpvu"vq"rtkeg"hkpcpekcn"kpuvtwogpvu0"
Yjgp"fgtkxcvkxg"kpuvtwogpvu."uwej"cu."hqtyctf"gzejcpig"eqpvtcevu."ewttgpe{"uycr"eqpvtcevu"cpf" hqtgkip"gzejcpig"qrvkqpu" vtcpucevkqpu"ctg"ykvj"c"swqvg" kp"cp"cevkxg"octmgv."vjg"octmgv"rtkeg"ku"vjg"hckt"xcnwg0"Kh"vjg"octmgv"rtkeg"ku"pqv"cxckncdng"hqt" tghgtgpeg." vjg" hckt" xcnwg" qh" c" pqp/qrvkqp" fgtkxcvkxg" ku" ecnewncvgf" wukpi" vjg"crrnkecdng"{kgnf"ewtxg"kp"vjg"fgtkxcvkxgu"fwtcvkqp"ykvj"ecuj"hnqy"fkueqwpv"cpcn{uku="cnuq." vjg" hckt"xcnwg"qh" vjg"qrvkqp"fgtkxcvkxg" ku"ecnewncvgf"wukpi"cp"qrvkqp"rtkekpi"oqfgn0" Vjg" guvkocvgu" cpf" cuuworvkqpu" wugf" kp" vjg" gxcnwcvkqp" ogvjqfu" d{" vjg"eqpuqnkfcvgf"eqorcp{"ctg"eqpukuvgpv"ykvj" vjg"guvkocvgu"cpf"cuuworvkqpu"vjcv"ctg"wugf"d{"octmgv"rctvkekrcpvu"vq"rtkeg"hkpcpekcn"kpuvtwogpvu0"
5:0" Hkpcpekcn"tkum"ocpcigogpv"qdlgevkxgu"cpf"uvtcvgi{"
Qxgtxkgy"
The consolidated company’s financial"tkum"ocpcigogpv"qdlgevkxg"ku"vq"cejkgxg"dwukpguu"qdlgevkxgu."vjg"qxgtcnn"tkum"vqngtcpeg"cpf"ngicn"tguvtkevkqpu"kp"qtfgt"vq"tgcej"vjg"dcncpeg"qh"tkumu"cpf" tgvwtpu0"Vjg"ockp"qrgtcvkpi" tkumu" hcegf"d{" vjg"eqpuqnkfcvgf"eqorcp{" kpenwfg" vjg"etgfkv"tkum" qp" cpf" qhh" vjg" hkpcpekcn" uvcvgogpvu." octmgv" tkumu" *kpenwfkpi" kpvgtguv" tcvgu." hqtgkip"gzejcpig"tcvgu."gswkv{"ugewtkvkgu"cpf"kpuvtwogpv"rtkeg"tkumu+"cpf"nkswkfkv{"tkumu0"
Vjg" eqpuqnkfcvgf" eqorcp{" jcxg" vjg" tgncvgf" tkum" ocpcigogpv" rqnkekgu" fghkpgf" cpf"crrtqxgf"d{" vjg"Dqctf" kp" qtfgt" vq" ghhgevkxgn{" kfgpvkh{."ogcuwtg."oqpkvqt." cpf" eqpvtqn" etgfkv"tkum."octmgv"tkum"cpf"nkswkfkv{"tkum0"
Tkum"ocpcigogpv"qticpk|cvkqpcn"uvtwevwtg"
Vjg"Dqctf"qh"Fktgevqtu"ku"vjg"jkijguv"fgekukqp/ocmkpi"wpkv"qh"vjg"eqpuqnkfcvgf"eqorcp{"cpf"cuuwogu"vjg"wnvkocvg"tgurqpukdknkv{"hqt"tkum"ocpcigogpv0"Vjg"Dcpm"jcu"guvcdnkujgf"c"Tkum"Ocpcigogpv"Eqookuukqp"cpf"Tkum"Ocpcigogpv"Fgrv0"tgurqpukdng"hqt"itcpvkpi"tkum"cwvjqtkv{"cpf"vjg"tgngxcpv"cwvjqtkvkgu"vq"vjg"tgngxcpv"fgrctvogpvu"vq"gpuwtg"vjg"uweeguuhwn"qrgtcvkqp"qh"risk management. The Committee’s functions are specified as follows:"
*3+" Tgxkgy"qh"tkum"ocpcigogpv"rtqlgevu0"
*4+" Vjg"tgxkgy"cpf"fkuewuukqp"qp"tkum"nkokv"
*5+" Tgxkgy"qh"oqvkqpu"hqt"kpuvkvwvkqpcnk|cvkqp"qh"tkum"ocpcigogpv0"
*6+" Rgtkqfkecn"tgrqtv"vq"vjg"Dqctf0"
Vjg"eqookuukqpgtu"qh"vjg"Tkum"Ocpcigogpv"Eqookvvgg"ujcnn"ugv"vjg"xctkqwu"tkum"ocpcigogpv" kpfkecvqtu"d{"pcvwtg"qh"dwukpguu"cpf" hwpevkqpu"qh"fgrctvogpvu" cpf" tgrqtv"vjgo" vq" vjg" Tkum"Ocpcigogpv" Eqookvvgg" hqt" jkij/ranking supervisors’ reference in fgekukqp"ocmkpi0"
30" Octmgv"Tkum"
*3+" Uqwteg"cpf"fghkpkvkqp"qh"octmgv"tkum"
Octmgv"tkum"tghgtu" vq" vjg"wphcxqtcdng"ejcpigu" kp"octmgv"rtkeg"ecwukpi"possible losses on and off the Bank’s balance sheet." Vjg" uq/ecnngf"octmgv"rtkeg" tghgtu" vq" kpvgtguv" tcvgu." gzejcpig" tcvgu." gswkv{" ugewtkv{" rtkegu" cpf"kpuvtwogpv"rtkegu0"
*4+" Octmgv"tkum"ocpcigogpv"rqnke{"
Vjg" eqnsolidated company’s" octmgv" tkum"ocpcigogpv" qdlgevkxg" ku" vq"fgxgnqr"c" uqwpf"cpf"ghhgevkxg"octmgv" tkum"ocpcigogpv"ogejcpkuo" vjcv" ku"compatible with the Company’s dwukpguu" uecng." pcvwtg" cpf" eqorngzkv{" kp"qtfgt" vq" ensure that the Company’s risks" ecp" dg" rtqrgtn{" ocpcigf" cpf"
198
:3"
ghhgevkxgn{"kfgpvkh{."ogcuwtg."oqpkvqt."eqpvtqn"octmgv"tkumu="cnuq."guvcdnkuj"c"dcncpeg"dgvyggp"vjg"vqngtcdng"tkum"ngxgn"cpf"vjg"gzrgevgf"tcvg"qh"tgvwtp0"
*5+" Octmgv"tkum"ocpcigogpv"rtqeguu"
C0"Kfgpvkhkecvkqp"cpf"Ogcuwtgogpv"
Dghqtg" vjg" rtqoqvkqp" cpf" qrgtcvkqp" qh" pgy" rtqfwevu." dwukpguu"cevkxkvkgu." rtqeguugu" cpf" u{uvgou." vjg" tgngxcpv" octmgv" tkum" ujqwnf" dg"cuuguugf" vjtqwij"crrtqrtkcvg"rtqegfwtgu"cpf"fgvgtokpg"yjgvjgt" vjg" tkum"gzrquwtg"ku"ykvjkp"vjg"tcpig"qh"tkum"vqngtcpeg"kpenwfgf"hqt"eqpukfgtcvkqp0"The consolidated company’s responsible business units shall"wug"dwukpguu"cpcn{uku"qt"rtqfwev"cpcn{uku"vq"xgtkh{"vjg"uqwteg"qh"octmgv"tkum"cpf"fghkpg"octmgv" tkum" hcevqtu" hqt" gcej" hkpcpekcn" kpuvtwogpv" cu" crrtqrtkcvg"urgekhkecvkqpu0"
Octmgv" tkum" ogcuwtgogpv" ecp" dg" rtqeguugf" ykvj" c" xctkgv{" qh" ghhgevkxg"ogcuwtgogpv" ogvjqfu" kp" qtfgt" vq" rtqrgtn{"ogcuwtg" tkum." kpenwfkpi" dwv"pqv" nkokvgf" vq" vjg" hqnnqykpi" ogvjqfu<" uvcvkuvkecn" dcuku" ogcuwtgogpv"ogvjqf." ugpukvkxkv{" cpcn{uku." cpf" uegpctkq" cpcn{uku0" Vjg" Tkum"Ocpcigogpv" Fgrctvogpv" ujqwnf" ogcuwtg" vjg" tkum" rqukvkqp" fckn{" cpf"tgiwnctn{=" cnuq." eqpfwev" uvtguu" vguvu" tgiwnctn{" vq" ogcuwtg" vjg" rquukdng"gzvtcqtfkpct{" nquu" coqwpv" qh" ewttgpv" rqukvkqpu" wpfgt" vjg" ukowncvgf"gzvtgog"ukvwcvkqpu"qt"jkuvqtkecnn{"gzvtgog"ukvwcvkqpu0"
D0"Oqpkvqtkpi"cpf"tgrqtvkpi"
Vjg" Tkum" Ocpcigogpv" Fgrctvogpv" ujqwnf" tgiwnctn{" tgrqtv" cpf"ocmg"uwiiguvkqpu"vq"vjg"Tkum"Ocpcigogpv"Eqookvvgg"cpf"vjg"Dqctf"qh"Fktgevqtu"on the Bank’s overall market risk management." kpenwfkpi" vjg"Bank’u"octmgv" tkum"rqukvkqpu." tkum" ngxgn."rtqhkv"cpf" nquu."wukpi"gzeguu"qh"nkokv" cpf" octmgv" tkum" ocpcigogpv" tgncvgf" eqornkcpeg0" Vjg" Dwukpguu"Fgrctvogpv" jcu" fghkpgf" vjg" tgngxcpv" twngu" iqxgtpkpi" gzeguu" qh" nkokv."uvqr/nquu"ogejcpkuo"cpf"qrgtcvkpi"rtqegfwtg"hqt"gzeguu"qh"nkokv"kp"qtfgt"vq" ghhgevkxgn{" eqpvtqn" vjg"octmgv" tkum0" Vjg" gzeguu" qh" nkokv" qt" gzegrvkqp"qeewttkpi" ujcnn" dg" tgrqtvgf" koogfkcvgn{" kp" qtfgt" vq" gzgtekug" tgurqpukxg"ogcuwtgu0"
*6+" Kpvgtguv"tcvg"tkum"
C0"Fghkpkvkqp"qh"kpvgtguv"tcvg"tkum"
Kpvgtguv" tcvg" tkum" tghgtu" vq" vjg" ejcpigu" kp" kpvgtguv" tcvgu" vjcv" ecwug"ejcpigu" kp" vjg" hckt" xcnwg"qh" vjg"consolidated company’s interest rate or nquugu0"Vjg"ockp"uqwtegu"qh"tkum"kpenwfg"fgrqukv"cpf"nqcp"cpf"kpvgtguv/tcvg"tgncvgf"octmgvcdng"ugewtkvkgu0"
D0"Ogcuwtgogpv"ogvjqfu"cpf"ocpcigogpv"rtqegfwtgu"
Vjg" eqpuqnkfcvgf" eqorcp{" cfqrvu" c" icr" ocpcigogpv" ogejcpkuo"hqt"kpvgtguv"tcvg"tkum"ykvj"vjg"vctigv"tcpig"ugv"hqt"oqpkvqtkpi"cpf"ykvj"vjg"oqpkvqtkpi" tguwnvu" rgtkqfkecnn{" rtgugpvgf" vq" vjg" Cuugv" cpf" Nkcdknkv{"Ocpcigogpv"Eqookvvgg."Tkum"Ocpcigogpv"Eqookvvgg"cpf"vjg"Dqctf"qh"Fktgevqtu=" cnuq." ocmgu" vkogn{" cflwuvogpvu" kp" ceeqtfcpeg" ykvj" vjg"consolidated company’s overall" qrgtcvkpi" eqpfkvkqpu0" Kp" cffkvkqp." vjg"eqpuqnkfcvgf" eqorcp{" cuuwogu" vjg" fgitgg" qh" korcev" yjgp" crrn{kpi"FX23" vq" ogcuwtg" kpvgtguv" tcvg" tkum" cpf" vjg" kpvgtguv" tcvg" ewtxg" ujkhvgf"322DR"kp"rctcnngn"qp"gctpkpiu"cpf"gswkv{"kp"qtfgt"vq"eqpvtqn"kpvgtguv"tcvg"tkumu0"
*7+" Gzejcpig"tcvg"tkum"
199
:4"
C0"Fghkpkvkqp"qh"gzejcpig"tcvg"tkum"
Gzejcpig"tcvg"tkum"tghgtu" vq" vjg"ickpu"cpf"nquugu"tguwnvkpi"htqo"vjg"eqpxgtukqp" qh" vyq" fkhhgtgpv" ewttgpekgu" cv" fkhhgtgpv" vkogu0" Vjg"consolidated company’s exchange rate" tkum"ockpn{" ctkugu" htqo" vjg" urqv"cpf" hqtyctf" hqtgkip" gzejcpig" dwukpguu0" Ukpeg" vjg" eqpuqnkfcvgf"company’s engages"kp"hqtgkip"gzejcpig"vtcfkpi"oquvn{"vq"oggv"vjg"pggf"hqt" customer’s" rqukvkqp" fckn{=" vjgtghqtg." vjg" gzejcpig" tcvg" tkum" ku"tgncvkxgn{"nqy0"
D0"Ogcuwtgogpv"ogvjqfu"cpf"ocpcigogpv"rtqegfwtgu"
Vjg" eqpuqnkfcvgf" eqorcp{" ocpcigu" kvu" gzejcpig" tkum" d{" nkokv"eqpvtqn"yjgtgd{"vjg"nkokvu"qh"tgurgevkxg"ewttgpekgu"fwtkpi"fc{vkog"vtcfg"cpf" pkijvvkog" vtcfg" ygtg" ugv" ykvj" vjg" wrrgt" nkokv" qh" vjg" oczkowo"gzrquwtg" kp" hqtgkip"gzejcpig"cwvjqtk|gf" vq"rgtuqppgn"qh"fkhhgtgpv" tcpmu"hqt"eqpvtqn0"Vjg"wrrgt"nkokv"hqt"rctvkewnct"eqwpvgtrctv{"jcu"cnuq"dggp"ugv0"Vjg" tguwnv" qh" vjg" oqpkvqtkpi" cpf" eqpvtqn" ycu" tgrqtvgf" vq" vjg" Tkum"Ocpcigogpv"Eqookvvgg"cpf"vjg"Dqctf"hqt"fkuewuukqp0"
Kp" cffkvkqp." vjg"Eqorcp{" cuuwogu" vjg" fgitgg" qh" korcev"yjgp" vjg"WUF1PVF." EP[1PVF." cpf" CWF1PVF" gzejcpig" tcvgu" ctg" tgncvkxgn{"xcnwgf1fgxcnwgf" d{" 5'" qp" gctpkpiu" cpf" gswkv{" kp" qtfgt" vq" eqpvtqn" vjg"gzejcpig"tcvg"tkumu0"
*8+" Gswkv{"ugewtkvkgu"rtkeg"tkum"
C0"Fghkpkvkqp"qh"gswkv{"ugewtkvkgu"rtkeg"tkum"
The market risk of the consolidated company’u" gswkv{" ugewtkvkgu"kpenwfgu"kpfkxkfwcn"tkumu"ctkukpi"htqo"ejcpigu"kp"gswkv{"ugewtkvkgu"octmgv"rtkegu" cpf" igpgtcn" octmgv" tkumu" ctkukpi" htqo" ejcpigu" kp" vjg" qxgtcnn"octmgv"rtkegu0"Vjg"ockp"uqwtegu"qh" tkum" kpenwfgu" nkuvgf1QVE"uvqemu"cpf"dgpghkekct{"egtvkhkecvgu0"
D0"Ogcuwtgogpv"ogvjqfu"cpf"ocpcigogpv"rtqegfwtgu"
Vjg" eqpuqnkfcvgf" eqorcp{" jcxg" vjg" gswkv{" ugewtkv{" rtkeg" tkum"eqpvtqnngf" ykvj" vjg" urgekhke" nkokvcvkqp" ogejcpkuo" vq" gpuwtg" vjcv" vjg"vtcpucevkqpu"ctg"ecttkgf"qwv"cv"cnn" ngxgnu"ykvjkp" vjg"cwvjqtk|gf" nkokvu."ugv"vjg" uvqr/nquu" eqpvtqn" ogejcpkuou" cpf" tgrqtv" vjg" oqpkvqtkpi" tguwnvu"tgiwnctn{"vq"vjg"Tkum"Ocpcigogpv"Eqookvvgg"cpf"vjg"Dqctf"qh"Fktgevqtu"hqt"fkuewuukqp0"
Kp"cffkvkqp."vjg"eqpuqnkfcvgf"eqorcp{"cuuwogu"vjg"fgitgg"qh"korcev"yjgp"gswkv{"ugewtkvkgu"rtkegu"iq"wr1fqyp"d{"37'"qp"gctpkpiu"cpf"gswkv{"kp"qtfgt"vq"eqpvtqn"vjg"gswkv{"ugewtkvkgu"rtkeg"tkumu0"
*9+" Octmgv"tkum"ugpukvkxkv{"cpcn{uku"
Kpvgtguv"tcvg"tkum"
Cuuwokpi" vjcv" vjg" qvjgt" xctkcdngu" tgockp" eqpuvcpv." kh" vjg" {kgnf" ewtxg"iqgu"wr1fqyp"d{"322"rqkpvu."vjg"consolidated company’s"pgv"kpeqog"dghqtg"vcz" cu" qh" Fgegodgt" 53." 4237" cpf" 4236" kpetgcugf1" fgetgcugf" d{" PVF"9;9.743" vjqwucpf" cpf" PVF" 85;.839" vjqwucpf=" vjg" gswkv{" fgetgcugf1"kpetgcugf" d{" PVF" 686.83;" vjqwucpf" cpf" PVF" 898.578" vjqwucpf."tgurgevkxgn{0"
Gzejcpig"tcvg"tkum"
Cuuwokpi" vjcv" vjg" qvjgt" xctkcdngu" tgockp" eqpuvcpv." kh" vjg"WUF1PVF."EP[1PVF."cpf"CWF1PVF"gzejcpig"tcvg"ycu"tgncvkxgn{"xcnwgf1fgxcnwgf"d{"
200
:5"
5'."vjg"eqpuqnkfcvgf"eqorcp{’s"pgv"kpeqog"dghqtg"vcz"cu"qh"Fgegodgt"53."4237" cpf" 4236" fgetgcugf1kpetgcugf" d{" PVF" 37:.342" vjqwucpf" cpf" PVF"62.:62" vjqwucpf=" vjg" gswkv{" kpetgcugf1fgetgcugf"d{"PVF"69.;:7" vjqwucpf"cpf"PVF"78.383"vjqwucpf."tgurgevkxgn{0"
Gswkv{"ugewtkvkgu"rtkeg"tkum"
Cuuwokpi" vjcv" vjg" qvjgt" xctkcdngu" tgockp" eqpuvcpv." kh" vjg" gswkv{"ugewtkvkgu" rtkeg" wr1fqyp" d{" 37'." vjg" eqpuqnkfcvgf" eqorcp{’s" pgv" kpeqog"dghqtg"vcz"cu"qh"Fgegodgt"53."4237"cpf"4236"kpetgcugf1"fgetgcugf"d{"PVF"44:.::2" vjqwucpf" cpf" PVF" 439.976" vjqwucpf=" vjg" gswkv{" fgetgcugf1"kpetgcugf"d{"PVF"55.625"vjqwucpf"cpf"PVF"52.663"vjqwucpf."tgurgevkxgn{0"
Ugpukvkxkv{"cpcn{uku"ku"eqorkngf"cu"hqnnqyu<"
Fgegodgt"53."4237"
Vjg"ockp"tkum" Ocipkvwfg"ejcpigu"Chhgevgf"coqwpv"
Gswkv{" Rtqhkv"cpf"nquu"Kpvgtguv"tcvg"tkum" Kpvgtguv"tcvg"ewtxg"tkugu"
322DRU"Kpvgtguv"tcvg"ewtxg"ftqru"322DRU"
"*"&" 686.83;"+""" " 686.83;"
"" &" 9;9.743""*"" 9;9.743"+"
Hqtgkip"Gzejcpig"tkum"
WUF1PVF."EP[1PVF."cpf"CWF1PVF"xcnwgf"d{"5'."tgurgevkxgn{0"
"" " 69.;:7" "*"" 37:.342+"
" WUF1PVF."EP[1PVF."cpf"CWF1PVF"fgetgcugf"d{"5'."tgurgevkxgn{0"
"*"" 69.;:7"+" "" " 37:.342"
Gswkv{"ugewtkvkgu"rtkeg"tkum"
Gswkv{"ugewtkvkgu"rtkeg"kpetgcugf"d{"37'0"
"" " 55.625" "" " 44:.::2"
" Gswkv{"ugewtkvkgu"rtkeg"fgetgcugf"d{"37'0"
"*"" 55.625"+" "*"" 44:.::2"+"
"
Fgegodgt"53."4236"
Vjg"ockp"tkum" Ocipkvwfg"ejcpigu"Chhgevgf"coqwpv"
Gswkv{" Rtqhkv"cpf"nquu"Kpvgtguv"tcvg"tkum""
Kpvgtguv"tcvg"ewtxg"tkugu"322DRU"Kpvgtguv"tcvg"ewtxg"ftqru"322DRU"
"*"&" 898.578"+""" " 898.578"
"" &" 85;.839""*"" 85;.839"+"
Hqtgkip"Gzejcpig"tkum"
WUF1PVF."EP[1PVF."cpf"CWF1PVF"xcnwgf"d{"5'."tgurgevkxgn{0"
"" " 78.383" "" " 62.:62" "
" WUF1PVF."EP[1PVF."cpf"CWF1PVF"fgetgcugf"d{"5'."tgurgevkxgn{0"
"*"" 78.383"+" "*"" 62.:62"+"
Gswkv{"ugewtkvkgu"rtkeg"tkum"
Gswkv{"ugewtkvkgu"rtkeg"kpetgcugf"d{"37"'0"
"" " 52.663" "" " 439.976"
" Gswkv{"ugewtkvkgu"rtkeg"fgetgcugf"d{"37'0"
"*"" 52.663"+" "*"" 439.976"+"
"
201
:6"
"
40" Etgfkv"Tkum"
*3+" Uqwteg"cpf"fghkpkvkqp"qh"etgfkv"tkum"
Etgfkv" tkum" tghgtu" vq" vjg" hkpcpekcn" nquu" kphnkevgf" qp" vjg" dwukpguu"eqodkpcvkqp" fwg" vq" vjg" pqprgthqtocpeg" qh" eqpvtcevwcn" qdnkicvkqpu" d{" vjg"ewuvqogtu"qt" vjg" eqwpvgtrctvkgu0"Vjg" uqwtegu"qh"etgfkv" tkum"eqxgtgf"qp"cpf"qhh" dcncpeg" ujggv" kvgou" Qp" vjg" ujggv" tkum." gzrquwtg" vq" vjg" dwukpguu"eqodkpcvkqp"ockpn{"eqogu" htqo"fkueqwpv." nqcpu."etgfkv"ectfu."ecnn" nqcpu" vq"dcpmu."ceegrvcpeg."fgdv"kpuvtwogpvu."cpf"fgtkxcvkxgu0"Qhh"vjg"ujggv"kvgou"ctg"hkpcpekcn" iwctcpvgg." N1E" cpf" wpfgtvcmkpi" qh" nqcpu" vjcv" cnuq" gzrqugf" vjg"dwukpguu"eqodkpcvkqp"vq"etgfkv"tkum0"
*4+" Etgfkv"tkum"ocpcigogpv"rqnkekgu<"
Vjg"eqpuqnkfcvgf"eqorcp{"yknn"gxcnwcvg"etgfkv"ectghwnn{"vq"itcpv"nqcpu"cpf"iwctcpvggu0"Vjg"nqcpu"ugewtgf"d{"eqnncvgtcn"ceeqwpvgf"hqt"cdqwv"9;'"qh"vjg"vqvcn"nqcpu"qp"Fgegodgt"53."42370"Vjg"rtqrqtvkqp"qh"hkpcpekpi"iwctcpvgg"cpf"eqnncvgtcn"jgnf"d{"eqoogtekcn"N1E"ycu"crrtqzkocvgn{"38'."dgecwug"vjg"eqnncvgtcn" tgswktgf" d{" nqcpu." nqcpkpi" eqookvogpvu" qt" iwctcpvggu" wuwcnn{"tghgttgf" vq" ecuj." kpxgpvqt{."octmgvcdng" ugewtkvkgu" qt" qvjgt" rtqrgtv{0" Kp" vjg"event of the trading counterpart’s or the other party’s default, the eqpuqnkfcvgf" eqorcp{" ycu" gpvkvngf" vq" rgthqto" eqorwnuqt{" gzgewvkqp"cickpuv"vjg"eqnncvgtcn"qt"qvjgt"iwctcpvggu"vq"ghhgevkxgn{"tgfweg"vjg"etgfkv"tkum."rtqxkfgf" vjcv" vjg" hckt" xcnwg" qh" eqnncvgtcn" yqwnf" pqv" dg" vcmgp" kpvq"eqpukfgtcvkqp"yjgp"vjg"oczkowo"etgfkv"gzrquwtg"ycu"fkuenqugf0"
*5+" Etgfkv"tkum"jgfig"qt"okvkicvkqp"rqnke{"
C0"Eqnncvgtcn"
Coqpi" vjg" rqnkekgu" cpf" rtqegfwtgu" vcmgp" d{" vjg" dwukpguu"eqodkpcvkqp"cfftguukpi"vq"nqcp"qrgtcvkqp"hqt"vjg"tgfwevkqp"qh"etgfkv"tkum."vjg"tgswguv"hqt"eqnncvgtcnu"htqo"vjg"dqttqygtu"ku"oquv"eqooqp"ogcp0"Vjg"dwukpguu" eqodkpcvkqp" jcu" guvcdnkujgf" vjg" rtqegfwtgu" hqt" vjg" ueqrg" qh"eqnncvgtcnu." vjg" crrtckucn" qh" vjg" eqnncvgtcnu." vjg" ocpcigogpv" cpf"fkurqukvkqp" qh" vjg" eqnncvgtcnu" hqt" vjg" rtqvgevkqp" qh" tkijv" qh" fgdvu0" Vjg"rtgugtxcvkqp"qh"vjg"tkijv"qh"fgdvu"cpf"eqnncvgtcnu"encwug"ku"gzrnkekvn{"uvcvgf"kp"vjg"nqcp"citggogpv"vjgtgd{"vjg"etgfkv"nkokv"cpf"vgto"qh"nqcp"eqwnf"dg"eqpfgpugf."qt"vjg"nqcpu"ujcnn"dg"fggogf"koogfkcvgn{"fwg"kp"vjg"gxgpv"qh"etgfkv"tkum0"Vjku"yknn"jgnr"vq"tgfweg"etgfkv"tkum0"
D0"Etgfkv"tkum"nkokv"cpf"vjg"eqpvtqn"qh"eqpegpvtcvkqp"qh"etgfkv"tkum"
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/""""
367.8:6"
Qvjgtu"
"""
/""""
/""""
/""""
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"""3.489.348"
"""
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"
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""
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88.::6"""&"42.726.:55"
Gswkv{"kpxguvogpv"
"""
429.386"
"""
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/""""
429.386"
"""
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429.386"
"""
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429.386"
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"""
/""""
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37.53:""""
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"""3.63:.225"
"""
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/""""3.63:.225"
"""
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/""""3.63:.225"
"""
/""""3.63:.225"
Qvjgt"hkpcpekcn"cuugvu"
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"""
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367.8:6"
"""
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"""
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"""
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"""
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"
207
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F0"Qxgtfwg"korcktogpv/htgg"hkpcpekcn"cuugvu"dwv"cikpi"cpcn{uku"
Borrower’s"rtqeguukpi"fgnc{u"cpf"qvjgt"cfokpkuvtcvkxg"tgcuqpu"oc{"ecwug"hkpcpekcn"cuugvu"vq"dgeqog"qxgtfwg"dwv"pqv"korcktgf0"Ceeqtfkpi"vq"the consolidated company’s internal" tkum" ocpcigogpv" twngu." hkpcpekcn"cuugvu" vjcv" ctg"qxgtfwg" hqt" nguu" vjcp";2"fc{u" ctg"wuwcnn{"pqv" eqpukfgtgf"korcktgf."wpnguu"kv"ku"gxkfgpegf0"
Vjg" cikpi" cnalysis on the consolidated company’s" qxgtfwg"korcktogpv/htgg"hkpcpekcn"cuugvu<"
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" " "" &" 88.6:;" " "" &" 486.247" " "" &" 552.736"Fkueqwpvu"cpf"nqcpu" " " " " " "Eqpuwogt"dcpmkpi" " " " " " "Tgukfgpvkcn"oqtvicig"nqcpu"
""" &" 965.42;"
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""" &" 967.929"
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" " "" " 5.36;.59;" " "" " 37.465" " "" " 5.386.844"Eqtrqtcvg"Hkpcpeg" " " " " " "Ugewtgf" " "" " 3.6;5.646" " "" " 39.3:4" " "" " 3.732.828"Pqp/ugewtgf" " "" " 792.:35" " "" " /" " "" " 792.:35"
" " "" " 4.286.459" " "" " 39.3:4" " "" " 4.2:3.63;"" " "" &" 7.435.838" " "" &" 54.647" " "" &" 7.468.263"
"
" " Fgegodgt"53."4236"
Kvgo" "Nguu"vjcp"qpg"oqpvj"qxgtfwg" "
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" " "" &" 64.;39" " "" &" 332.23:" " "" &" 374.;57"Fkueqwpvu"cpf"nqcpu" " " " " " "Eqpuwogt"dcpmkpi" " " " " " "Tgukfgpvkcn"oqtvicig"nqcpu"
""" &" :23.869" " "" &" 39.:2:" " "" &" :3;.677"
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" " "" " 4.768.:4;" " "" " 45.:29" " "" " 4.792.858"Eqtrqtcvg"Hkpcpeg" " " " " " "Ugewtgf" " "" " 4.3:9.56;" " "" " 5.959" " "" " 4.3;3.2:8"Pqp/ugewtgf" " "" " 796.58:" " "" " 3.644" " "" " 797.9;2"
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208
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"
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The Taichung Commercial Bank’s Liquidity Ratios on December 31, 2015 and 2014 were both 25% and 20%. The Bank’s capital and working fwpfu" ctg"uwhhkekgpv" vq" rgthqto" cnn" eqpvtcevwcn" qdnkicvkqpu0" Vjgtghqtg." vjgtg" ku" pq" nkswkfkv{"tkum"ctkukpi"htqo"vjg"hcknwtg"vq"tckug"hwpfu"vq"rgthqto"eqpvtcevwcn"qdnkicvkqpu0"Kv"ku"xgt{"wpnkmgn{"vjcv"vjg"hkpcpekcn"fgtkxcvkxgu"jgnf"d{"vjg"Dcpm"eqwnf"pqv"dg"uqnf"cv"c"tgcuqpcdng"rtkeg"qp"vjg"octmgv0"Vjgtghqtg."vjgtg"ku"nqy"nkswkfkv{"tkum"hqt"tgcnk|cvkqp0"The Taichung Bank’s basic management policy is to coordinate the maturity date qh"cuugvu"cpf"nkcdknkvkgu"cpf"kpvgtguv"tcvgu"cpf"vq"eqpvtqn"icru0"
Vjg"Vckejwpi"Eommercial Bank’s basic operating management policy is to ocvej"wr"cuugvu"cpf"nkcdknkvkgu"ocvwtkv{"cpf"kpvgtguv"tcvg"cpf"eqpvtqn"vjg"wpocvejgf"icr0" Fwg" vq" vjg" wpegtvckpv{" cpf" encuukhkecvkqp" qh" vtcfg" eqpfkvkqpu." vjg" ocvwtkv{"fcvg"qh"cuugvu"cpf"nkcdknkvkgu"cpf"kpvgtguv"tcvg"ctg"wuwcnn{"pqv"hwnn{"ocvejgf"wr="vjku"icr"oc{"ecwug"c"rqvgpvkcn"ickp"qt"nquu0"
Pqp/fgtkxcvkxg"hkpcpekcn"nkcdknkvkgu"ocvwtkv{"cpcn{uku"
The analysis on the cash outflow of the consolidated company’s pqp/fgtkxcvkxg" nkcdknkvkgu" ku"dcugf"qp" vjg" tgockpkpi"rgtkqf" htqo" vjg"eqpuqnkfcvgf"dcncpeg" ujggv" fcvg" vq" vjg" eqpvtcev"ocvwtkv{" fcvg" cu" hqnnqyu<" Vjg" coqwpv" kp" vjg"uvcvgogpvu"ku"dcugf"qp"vjg"eqpvtcevwcn"ecuj"hnqyu="vjgtghqtg."vjg"coqwpv"qh"uqog"kvgou" fkuenqugf" ku" pqv" eqpukuvgpv" ykvj" vjg" tgurgevkxg" kvgou" qp" vjg" eqpuqnkfcvgf"dcncpeg"ujggv0"
Fgegodgt"53."4237" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" V q v c n"Fwg"vq"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" "" &" 5.322.7:5" "" &" 325.647" "" &" 952" "" &" 87;.588" "" &" /" "" &" 5.:86.326"
Hwpfu"dqttqygf"htqo"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" "" " 54:.594" "" " :66.:;7" "" " 877.783" "" " 3.353.;7;" "" " 393.889" "" " 5.354.676"
Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" "" " 43.327" "" " 42.:38" "" " 5;.4:8" "" " ;8.:75" "" " 3.6;9" "" " 39;.779"
Dknnu"cpf"dqpfu"uqnf"wpfgt"tgrwtejcug"citggogpvu" "" " /" "" " 495.6:6" "" " /" "" " /" "" " /" "" " 495.6:6"
Rc{cdngu" "" " 5.859.89:" "" " :6:.776" "" " 448.2;6" "" " 393.538" "" " 4;9.7:6" "" " 7.3:3.448"Ewuvqogt"fgrqukvu"cpf"tgokvvcpegu" "" " 6:.468.25;" "" " 96.457.989" "" " 96.724.2;:" "" " 347.93:.279" "" " 3:4.384.23:" "" " 726.:85.;9;"
Hkpcpekcn"dqpfu"rc{cdng" "" " /" "" " 422.222" "" " 3.:22.222" "" " 4.622.222" "" " 33.722.222" "" " 37.;22.222"Qvjgt"ocvwtgf"ecrkvcn"qwvhnqy"kvgou" "" " 357.288" "" " 323.;:9" "" " 439.2;9" "" " 34.:92" "" " 92.487" "" " 759.4:7"
"Fgegodgt"53."4236" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" V q v c n"
Fwg"vq"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" "" &" 9.633.679" "" &" 4.366.897" "" &" 539.282" "" &" :46.3;7" "" &" /" "" &" 32.8;9.5:9"
Hwpfu"dqttqygf"htqo"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" "" " 6:2.;99" "" " 3.338.:93" "" " 92;.;84" "" " 969.8:2" "" " 666.692" "" " 5.6;;.;82"
Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" "" " 66.247" "" " 52.98:" "" " 49.357" "" " 46.722" "" " 8.;54" "" " 355.582"
Dknnu"cpf"dqpfu"uqnf"wpfgt"tgrwtejcug"citggogpvu" "" " 495.:;:" "" " /" "" " /" "" " /" "" " /" "" " 495.:;:"
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Fgtkxcvkxg"hkpcpekcn"nkcdknkvkgu"ocvwtkv{"cpcn{uku"
*3+" Fgtkxcvkxg"kpuvtwogpvu"engctgf"cpf"ugvvngf"cv"pgv"xcnwg"
The consolidated company’u"fgtkxcvkxgu"vjcv"ctg"ugvvngf"cpf"engctgf"cv"pgv"xcnwg"kpenwfg<"
Hqtgkip"gzejcpig"fgtkxcvkxgu<"Gzejcpig"tcvg"qrvkqpu"
209
;4"
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Fgegodgt"53."4237" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" Vqvcn"Hkpcpekcn"nkcdknkvkgu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"ecug"
" " " " " "
/"Hqtgkip"gzejcpig"fgtkxcvkxgu"
"" &" /" "" &" /" "" &" 76.636" "" &" 85.894" "" &" 35.29;" "" &" 353.387"
Vqvcn" "" &" /" "" &" /" "" &" 76.636" "" &" 85.894" "" &" 35.29;" "" &" 353.387"
"Fgegodgt"53."4236" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" Vqvcn"
Hkpcpekcn"nkcdknkvkgu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"ecug"
" " " " " "
/"Hqtgkip"gzejcpig"fgtkxcvkxgu"
"" &" 7.;74" "" &" :.4:5" "" &" 38.;88" "" &" 49.9;8" "" &" 9.534" "" &" 88.52;"
Vqvcn" "" &" 7.;74" "" &" :.4:5" "" &" 38.;88" "" &" 49.9;8" "" &" 9.534" "" &" 88.52;"
"
*4+" Fgtkxcvkxgu"engctgf"cpf"ugvvngf"cv"vqvcn"xcnwg"
The consolidated company’u" fgtkxcvkxgu" vjcv" ctg" ugvvngf" cv" vqvcn" xcnwg"kpenwfg<"
Hqtgkip" gzejcpig" fgtkxcvkxgu<" Hqtyctf" hqtgkip" gzejcpig" cpf" hqtgkip"gzejcpig"uycru"
Knnwuvtcvg"vjg"eqpuqnkfcvgf"eqorcp{’u"fgtkxcvkxgu"vjcv"ctg"ugvvngf"cv"vqvcn"xcnwg"kp"ceeqtfcpeg"ykvj"vjg"tgockpkpi"rgtkqf"htqo"vjg"eqpuqnkfcvgf"dcncpeg"ujggv"fcvg"vq"vjg"eqpvtcev"ocvwtkv{"fcvg0"Kv"ku"eqpenwfgf"vjcv"vjg"eqpvtcevwcn"ocvwtkv{" ku" vjg" guugpvkcn" gngogpv" vq" wpfgtuvcpf" cnn" fgtkxcvkxg" hkpcpekcn"kpuvtwogpvu" nkuvgf" qp" vjg" eqpuqnkfcvgf" dcncpeg" ujggv0" Vjg" coqwpv" kp" vjg"uvcvgogpvu" ku"dcugf"qp"vjg"eqpvtcevwcn"ecuj"hnqyu=" vjgtghqtg." vjg"coqwpv"qh"uqog" kvgou" fkuenqugf" ku" pqv" eqpukuvgpv" ykvj" vjg" tgurgevkxg" kvgou" qp" vjg"eqpuqnkfcvgf" dcncpeg" ujggv0" Hkpcpekcn" nkcdknkvkgu" engctgf" cpf" ugvvngf" cv" vqvcn"xcnwg"ocvwtkv{"cpcn{uku<"
Fgegodgt"53."4237" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" Vqvcn"Hkpcpekcn"nkcdknkvkgu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"ecug"
" " " " " "
/"Hqtgkip"gzejcpig"fgtkxcvkxgu"
" " " " " "
/"Ecuj"qwvhnqy" "" &" ;.:52.349" "" &" 5.269.848" "" &" 3.9:6.873" "" &" 5.298.328" "" &" /" "" &" 39.95:.732"/"Ecuj"kphnqy" "" " ;.9:8.393" "" " 5.252.272" "" " 3.97;.4:9" "" " 4.;;;.625" "" " /" "" " 39.796.;33"
Uwdvqvcn"qh"ecuj"qwvhnqy" "" " ;.:52.349" "" " 5.269.848" "" " 3.9:6.873" "" " 5.298.328" "" " /" "" " 39.95:.732"Uwdvqvcn"qh"ecuj"kphnqy" "" " ;.9:8.393" "" " 5.252.272" "" " 3.97;.4:9" "" " 4.;;;.625" "" " /" "" " 39.796.;33"Pgv"ecuj"hnqy" "*" &" 65.;78" +" "*" &" 39.798" +" "*" &" 47.586" +" "*" &" 98.925" +" "" &" /" "*" &" 385.7;;" +"
"Fgegodgt"53."4236" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" Vqvcn"
Hkpcpekcn"nkcdknkvkgu"ogcuwtgf"cv"hckt"xcnwg"vjtqwij"rtqhkv"qt"nquu"ecug"
" " " " " "
/"Hqtgkip"gzejcpig"fgtkxcvkxgu"
" " " " " "
/"Ecuj"qwvhnqy" "" &" 5.965.423" "" &" 4.794.9:2" "" &" :44.:28" "" &" 43.:46" "" &" /" "" &" 9.382.833"/"Ecuj"kphnqy" "" " 5.8::.367" "" " 4.75;.6:3" "" " 9;9.3;5" "" " 43.798" "" " /" "" " 9.268.5;7"
Uwdvqvcn"qh"ecuj"qwvhnqy" "" " 5.965.423" "" " 4.794.9:2" "" " :44.:28" "" " 43.:46" "" " /" "" " 9.382.833"Uwdvqvcn"qh"ecuj"kphnqy" "" " 5.8::.367" "" " 4.75;.6:3" "" " 9;9.3;5" "" " 43.798" "" " /" "" " 9.268.5;7"Pgv"ecuj"hnqy" "*" &" 77.278" +" "*" &" 55.4;;" +" "*" &" 47.835" +" "*" &" 46:" +" "" &" /" "*" &" 336.438" +"
"
210
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60" Vjg"ocvwtkv{"cpcn{uku"qh"kvgou"pqv"qp"vjg"uvcvgogpv<"
Vjg" cpcn{uku" qp" vjg" ocvwtkv{" fcvg" qh" vjg" kvgou" pqv" qp" vjg" eqpuqnkfcvgf"company’s balance sheet in accordance with the remaining period" htqo" vjg"eqpuqnkfcvgf" dcncpeg" ujggv" fcvg" vq" vjg" eqpvtcev" ocvwtkv{" fcvg0" Hqt" hkpcpekcn"iwctcpvgg"eqpvtcevu"kuuwgf."vjg"gctnkguv"vkog"rgtkqf"vjcv"oczkowo"coqwpvu"qh"vjg"iwctcpvgg" oc{" dg" tgswguvgf" hqt" iwctcpvgg" rgthqtocpeg0" Vjg" coqwpv" kp" vjg"uvcvgogpvu"ku"dcugf"qp"vjg"eqpvtcevwcn"ecuj"hnqyu="vjgtghqtg."vjg"coqwpv"qh"uqog"kvgou" fkuenqugf" ku" pqv" eqpukuvgpv" ykvj" vjg" tgurgevkxg" kvgou" qp" vjg" eqpuqnkfcvgf"dcncpeg"ujggv0"
Fgegodgt"53."4237" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" Vqvcn"Wpfkudwtugf"nqcp"eqookvogpvu" "" &" 9.623.3:9" "" &" 34.767.483" "" &" 47.468.423" "" &" :6.333.8:3" "" &" 44.:9:.979" "" &"374.3:5.2:9"
Customer’s outstanding ngvvgtu"qh"etgfkv"coqwpv" "" " 976.982" "" " 3.78;.927" "" " 456.:64" "" " 34;.842" "" " /" "" " 4.8::.;49"
Iwctcpvgg"rc{ogpvu" "" " 5.3;8.46:" "" " 5.;27.;:;" "" " ;75.432" "" " 4.43:.233" "" " 3.;;2.;4:" "" " 34.486.5:8"Ngcug"eqpvtcev"eqookvogpvu" "" " :2:.:89" "" " /" "" " /" "" " /" "" " /" "" " :2:.:89"
Vqvcn" "" &" 34.383.284" "" &" 3:.242.;77" "" &" 48.656.475" "" &" :8.67;.534" "" &" 46.:8;.8:7" "" &"389.;67.489"
"Fgegodgt"53."4236" 2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u" 3:3"fc{u"vq"3"{gct" Oqtg"vjcp"3"{gct" Vqvcn"
Wpfkudwtugf"nqcp"eqookvogpvu" "" &" 9.964.335" "" &" 34.248.:24" "" &" 49.9:5.22:" "" &" 78.738.556" "" &" 43.779.369" "" &"347.847.626"
Customer’s outstanding ngvvgtu"qh"etgfkv"coqwpv" "" " :6;.3:9" "" " 4.848.839" "" " ;:.;22" "" " 7:.635" "" " /" "" " 5.855.339"
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Vqvcn" "" &" 34.;:5.;:9" "" &" 38.748.626" "" &" 4:.994.623" "" &" 7;.938.2:3" "" &" 45.945.834" "" &"363.944.6:7"
"
70" Ecuj"hnqy"tkum"guvkocvgf"wpfgt"kpvgtguv"tcvg"ejcpigu"
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5;0" Kphqtocvkqp"qp"vtcpuhgt"qh"hkpcpekcn"cuugvu" "
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211
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Ecvgiqt{"qh"hkpcpekcn"cuugvu" "
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"
Fgegodgt"53."4236"
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" " " " "
T1R"citggogpv" "" &" 4;8.:;8" "" &" 495.795" "" &" 4;8.:;8" "" &" 495.795" "" &" 45.545"Jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu" " " " " "
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216
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Fgegodgt"53."4236"
Wpkv<"PVF"vjqwucpf."'"
Kvgo"3"vq";2"fc{u"*kpenwukxg+"
;3"vq"3:2"fc{u"*kpenwukxg+"
3:3"fc{u"vq"3"{gct"
*kpenwukxg+"Qxgt"3"{gct" Vqvcn"
Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"
"" "58;.955.55:" "" " ;.848.39;" "" " 39.;;5.9:5" "" " 82.;44.695" "" "67:.497.995"
Kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"
"" "34:.4:7.4;9" "" "463.967.429" "" " 77.;66.:;4" "" " 34.927.:2:" "" "65:.8:3.426"
Kpvgtguv"tcvg"ugpukvkxkv{"icr"
"" "463.66:.263" "*""454.33;.24:"+" "*"" 59.;73.32;"+" "" " 6:.438.887" "" " 3;.7;6.78;"
Gswkv{" "" " 57.978.679"Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"cpf"nkcdknkvkgu"tcvg" "" " 326069'"Kpvgtguv"tcvg"ugpukvkxkv{"icr"cpf"pgv"yqtvj"tcvg" "" " 760:2'"
"
Pqvg<"30" Vjg"vcdng"urgekhkgu"vjg"coqwpv"kp"PVF"*gzenwukxg"qh"hqtgkip"ewttgpekgu+"qh"Vckejwpi"Dcpm"Jgcf"Qhhkeg"cpf"nqecn"dtcpejgu0"
40" Kpvgtguv" tcvg" ugpukvkxkv{" cuugvu" cpf" nkcdknkvkgu"ogcp" vjg" cuugvu" cpf" nkcdknkvkgu"ykvj" kpvgtguv"qh"yjkej" vjg" kpeqog"qt" equv"xctkgu"fgrgpfkpi"qp" vjg" kpvgtguv"tcvg0"
50" Kpvgtguv" tcvg" ugpukvkxkv{" icr?Kpvgtguv" tcvg" ugpukvkxkv{" cuugvu" /" Kpvgtguv" tcvg"ugpukvkxkv{"nkcdknkvkgu0"
60" Kpvgtguv" tcvg" ugpukvkxkv{" cuugvu" cpf" nkcdknkvkgu" tcvg?Kpvgtguv" tcvg" ugpukvkxkv{"cuugvu"‰"kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"*k0g0"kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"cpf"kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"kp"PVF+0"
217
322"
Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"cpf"nkcdknkvkgu"cpcn{uku"fcvc"*WUF+"
Fgegodgt"53."4237"
Wpkv<"WUF"vjqwucpf="'"
Kvgo"3"vq";2"fc{u"*kpenwukxg+"
;3"vq"3:2"fc{u"*kpenwukxg+"
3:3"fc{u"vq"3"{gct"
*kpenwukxg+"Qxgt"3"{gct" Vqvcn"
Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"
"" " 8::.4:3" "" " 3:3.477" "" " 74.8;9" "" " 92.695" "" " ;;4.928"
Kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"
"" " 5;3.932" "" " 786.:36" "" " 3:6.936" "" " /" "" " 3.363.45:"
Kpvgtguv"tcvg"ugpukvkxkv{"icr"
"" " 4;8.793" "*"" 5:5.77;"+" "*"" 354.239"+" "" " 92.695" "*"" 36:.754"+"
Gswkv{" "" " 3.438.975"Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"cpf"nkcdknkvkgu"tcvg" "" " :80;;'"Kpvgtguv"tcvg"ugpukvkxkv{"icr"cpf"pgv"yqtvj"tcvg" "*"" 34043'"+"
"
Fgegodgt"53."4236"
Wpkv<"WUF"vjqwucpf="'"
Kvgo"3"vq";2"fc{u"*kpenwukxg+"
;3"vq"3:2"fc{u"*kpenwukxg+"
3:3"fc{u"vq"3"{gct"
*kpenwukxg+"Qxgt"3"{gct" Vqvcn"
Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"
"" " 896.;24" "" " 486.;:9" "" " /" "" " 38.39:" "" " ;78.289"
Kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"
"" " 5:2.288" "" " 5;2.:4;" "" " 362.949" "" " /" "" " ;33.844"
Kpvgtguv"tcvg"ugpukvkxkv{"icr"
"" " 4;6.:58" "*"" 347.:64"+" "*"" 362.949"+" "" " 38.39:" "" " 66.667"
Gswkv{" "" " 3.352.575"Kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"cpf"nkcdknkvkgu"tcvg" "" " 3260::'"Kpvgtguv"tcvg"ugpukvkxkv{"icr"cpf"pgv"yqtvj"tcvg" "" " 50;5'"
"
Pqvg<"30" Vjg"vcdng"urgekhkgu"vjg"vqvcn"coqwpv"kp"WUF"qh"Vckejwpi"Dcpm"Jgcf"Qhhkeg"cpf" nqecn" dtcpejgu." Kpvgtpcvkqpcn" Dcpmkpi" Dtcpej" cpf" qhhujqtg" dtcpejgu."gzenwukxg"qh"eqpvkpigpv"cuugvu"qt"nkcdknkvkgu0"
40" Kpvgtguv" tcvg" ugpukvkxkv{" cuugvu" cpf" nkcdknkvkgu"ogcp" vjg" cuugvu" cpf" nkcdknkvkgu"ykvj" kpvgtguv"qh"yjkej" vjg" kpeqog"qt" equv"xctkgu"fgrgpfkpi"qp" vjg" kpvgtguv"tcvg0"
50" Kpvgtguv" tcvg" ugpukvkxkv{" icr?Kpvgtguv" tcvg" ugpukvkxkv{" cuugvu" /" Kpvgtguv" tcvg"ugpukvkxkv{"nkcdknkvkgu0"
60" Kpvgtguv" tcvg" ugpukvkxkv{" cuugvu" cpf" nkcdknkvkgu" tcvg?Kpvgtguv" tcvg" ugpukvkxkv{"cuugvu"‰"kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"*k0g0"kpvgtguv"tcvg"ugpukvkxkv{"cuugvu"cpf"kpvgtguv"tcvg"ugpukvkxkv{"nkcdknkvkgu"kp"WUF+0"
218
323"
*6+" Rtqhkvcdknkv{"
Wpkv<"'"
Kvgo" Fgegodgt"53."4237" Fgegodgt"53."4236"
TQC"Dghqtg"vczcvkqp" " " " 2096" " " " 20:4"Chvgt"vczcvkqp" " " " 2085" " " " 2095"
TQG"Dghqtg"vczcvkqp" " " " 32097" " " " 3406:"Chvgt"vczcvkqp" " " " ;03;" " " " 33044"
Pgv"rtqhkv"tcvg" " " " 59056" " " " 59066""
Pqvg<"30" TQC"?"Kpeqog"dghqtg"*chvgt+"vczcvkqp1Cxgtcig"vqvcn"cuugvu"
40" TQG?Kpeqog"dghqtg"*chvgt+"vczcvkqp"1"Cxgtcig"pgv"yqtvj"
50" Rtqhkv"*nquu+"tcvg"?"Kpeqog"chvgt"vczcvkqp1kpeqog/pgv"
60" Kpeqog"dghqtg"*chvgt+"vczcvkqp"ogcpu"vjg"kpeqog"ceewowncvgf"htqo"Lcpwct{"qh"vjg"ewttgpv"{gct"wpvkn"vjg"ewttgpv"swctvgt"
*7+" Cpcn{uku"qp"ocvwtkv{"qh"cuugvu"cpf"nkcdknkvkgu"
Vcdng"qh"cpcn{uku"qh"ocvwtkv{"uvtwevwtg"qh"PVF"
Fgegodgt"53."4237"Wpkv<"PVF"vjqwucpf"
" Vqvcn"Tgockpkpi"dcncpeg"vq"ocvwtkv{"
2"vq"32"fc{u" 33"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u"3:3"fc{u"vq"3"
{gct"Oqtg"vjcp"3"
{gct"Ockp"ecrkvcn"kphnqy"wrqp"ocvwtkv{"
"" "757.498.927" "" " 86.36;.96;" "" " 7:.67:.223" "" " 49.:24.237" "" " 66.956.7:3" "" " 9:.658.;39" "" "483.8;7.664"
Ockp"ecrkvcn"qwvhnqy"wrqp"ocvwtkv{"
"" "84;.882.384" "" " 43.:53.94:" "" " 62.2:2.232" "" " :;.:9;.389" "" "32:.478.549" "" "35;.44:.837" "" "452.5:6.537"
Icr" "*"" ;6.5:5.679"+" "" " 64.53:.243" "" " 3:.599.;;3" "*"" 84.299.374"+" "*"" 85.743.968"+" "*"" 82.9;3.8;:"+" "" " 53.533.349"
"
Fgegodgt"53."4236"Wpkv<"PVF"vjqwucpf"
" Vqvcn"Tgockpkpi"dcncpeg"vq"ocvwtkv{"
2"vq"32"fc{u" 33"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u"3:3"fc{u"vq"3"
{gct"Oqtg"vjcp"3"
{gct"Ockp"ecrkvcn"kphnqy"wrqp"ocvwtkv{"
"" " 6;5.897.225" "" " 77.2:5.:75" "" " 68.53;.482" "" " 49.289.947" "" " 63.757.847" "" " 8;.537.::8" "" " 476.574.876"
Ockp"ecrkvcn"qwvhnqy"wrqp"ocvwtkv{"
"" " 7:9.9:6.:34" "" " 52.758.633" "" " 55.522.:6;" "" " :7.862.38:" "" " ;:.;::.;69" "" " 355.973.435" "" " 427.789.446"
Icr" "*"" ;6.32;.:2;"+" "" " 46.769.664" "" " 35.23:.633" "*"" 7:.794.665"+" "*"" 79.675.544"+" "*"" 86.657.549"+" "" " 6:.9:7.652"
"
Pqvg<"Vjg" vcdng"qpn{"urgekhkgu" vjg"coqwpv" kp"PVF"*gzenwukxg"qh" hqtgkip"ewttgpekgu+"qh"Vckejwpi"Dcpm"Jgcf"Qhhkeg"cpf"nqecn"dtcpejgu0"
Cpcn{uku"qh"ocvwtkv{"uvtwevwtg"qh"WUF" "
Fgegodgt"53."4237"
Wpkv<"WUF"vjqwucpf"
" Vqvcn"Tgockpkpi"dcncpeg"vq"ocvwtkv{"
2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u"
3:3"fc{u"vq"3"{gct"
Oqtg"vjcp"3"{gct"
Ockp"ecrkvcn"kphnqy"wrqp"ocvwtkv{"
"" " 3.579.698" "" " 546.6:8" "" " 455.95;" "" " 432.74:" "" " 363.892" "" " 669.275"
Ockp"ecrkvcn"qwvhnqy"wrqp"ocvwtkv{"
"" " 3.;24.678" "" " 584.5::" "" " 687.9::" "" " 544.66;" "" " 859.:62" "" " 335.;;3"
Icr" "*"" 766.;:2"+" "*"" 59.;24"+" "*"" 454.26;"+" "*"" 333.;43"+" "*"" 6;8.392"+" "" " 555.284"
"
Fgegodgt"53."4236"
219
324"
Wpkv<"WUF"vjqwucpf"
" Vqvcn"Tgockpkpi"dcncpeg"vq"ocvwtkv{"
2"vq"52"fc{u" 53"vq";2"fc{u" ;3"vq"3:2"fc{u"
3:3"fc{u"vq"3"{gct"
Oqtg"vjcp"3"{gct"
Ockp"ecrkvcn"kphnqy"wrqp"ocvwtkv{"
"" " 3.365.:36" "" " 3;7.46;" "" " 462.643" "" " 482.526" "" " 48.:28" "" " 643.256"
Ockp"ecrkvcn"qwvhnqy"wrqp"ocvwtkv{"
"" " 3.854.693" "" " 582.552" "" " 5;2.;42" "" " 45:.329" "" " 744.297" "" " 343.25;"
Icr" "*"" 6::.879"+" "*"" 387.2:3"+" "*"" 372.6;;"+" "" " 44.3;9" "*"" 6;7.48;"+" "" " 4;;.;;7"
"
Pqvg<"30" Vjg"vcdng"urgekhkgu"vjg"vqvcn"coqwpv"kp"WUF"qh"Vckejwpi"Dcpm"Jgcf"Qhhkeg."nqecn"dtcpejgu"cpf"Kpvgtpcvkqpcn"Dcpmkpi"Dtcpej0"Wpnguu"qvjgtykug"rtqxkfgf."kv" ujcnn"dg"uvcvgf"cv" vjg"Dqqm"Xcnwg."cpf" kv" ku"pqv"pgeguuct{" vq" kpenwfg"cp{"ceeqwpvu" vjcv" ctg" pqv" uvcvgf" kp" vjg" vcdng" *g0i0" pgiqvkcdng" egtvkhkecvgu" qh"fgrqukv."dqpfu"qt"uvqemu"uejgfwngf"vq"dg"kuuwgf+0"
40" Where offshore assets account for more than 10% of the Bank’s total assets, kv"ku"pgeguuct{"vq"rtqxkfg"uwrrngogpvct{"fkuenquwtg0"
630" Ecrkvcn"ocpcigogpv"
*3+" The consolidated company’u"gnkikdng"rtgrctcvqt{"ecrkvcn"ujqwnf"dg"uwhhkekgpv"vq"oggv"vjg"ngicn" ecrkvcn" tgswktgogpvu." cpf" cejkgxg" vjg"okpkowo" uvcvwvqt{" ecrkvcn" cfgswce{" tcvkq"vjcv"ku"vjg"dcuke"qdlgevkxg"qh"vjg"Company’u"ecrkvcn"ocpcigogpv0"Vjg"crrtqrtkcvkqp"cpf"ecnewncvkqp" qh" vjg" tgngxcpv" gnkikdng" rtqrtkgvct{" ecrkvcn" cpf" uvcvwvqt{" ecrkvcn" ujcnn" dg"jcpfngf"kp"ceeqtfcpeg"ykvj"vjg"tgswktgogpvu"qh"vjg"eqpegtpgf"cwvjqtkvkgu0"
The consolidated company’s capital" ocpcigogpv" uvtwevwtg" ku" rtqrgtn{" rncppgf"fgrgpfkpi" qp" vjg" ecrkvcn" octmgv" eqpfkvkqpu." ecrkvcn" kpuvtwogpv" hgcvwtgu." ecrkvcn"korngogpvcvkqp" ghhkekgpe{" cpf" qrgtcvkpi" rgthqtocpeg" kp" qtfgt" vq" ockpvckp" c" tcvkq" qh"rtgrctcvqt{"ecrkvcn"vq"tkum"cuugvu"cdqxg"vjg"vctigv"ngxgn0"
*4+" Vjg" eqpuqnkfcvgf" eqorcp{" jcu" vjg" kphqtocvkqp" qh" ecrkvcn" cfgswce{" fkuenqugf"rgtkqfkecnn{"kp"ceeqtfcpeg"ykvj"vjg"tgngxcpv"urgekhkecvkqpu"qh"vjg"eqorgvgpv"cwvjqtkvkgu"cpf"the Company’s kpvgtpcn"qrgtcvkpi"rtqegfwtgu="cnuq."jcu"tgrqtvgf"kv"vq"vjg"eqorgvgpv"cwvjqtkvkgu"swctvgtn{"
Rtqrtkgvct{" ecrkvcn" ku" encuukhkgf" cu" Ecvgiqt{" K" ecrkvcn" cpf" Ecvgiqt{" KK" ecrkvcn" kp"accordance with the “Regulations Governing Bank’s Capital Afgswce{" cpf" Ecrkvcn"Encuukhkecvkqp0”"
30" Vkgt"K"ecrkvcn<"Kv"kpenwfgu"vjg"qvjgt"Vkgt"K"ecrkvcn."kpenwfkpi"eqooqp"uvqem"gswkv{"cpf"pqp/eqooqp"uvqem"gswkv{0"
*3+" Vjg" ueqrg" qh" eqooqp" uvqem" gswkv{" kpenwfgu" eqooqp" uvqem" cpf" uvqem"rtgokwo."cfxcpegf"ecrkvcn."cffkvkqpcn"rckf/kp"ecrkvcn."ngicn"tgugtxgu."urgekcn"tgugtxgu."vjg"ewowncvkxg"ickp"qt"nquu."pqp/eqpvtqnnkpi"gswkv{"cpf"qvjgt"gswkv{"kvgou0"
*4+" Vjg"qvjgt"Vkgt"K"ecrkvcn"qvjgt"vjcp"eqooqp"uvqem"gswkv{"kpenwfgu"rgtrgvwcn"pqp/ewowncvkxg" rtghgttgf" uvqem" cpf" kvu" uvqem" rtgokwo." pqp/ewowncvkxg"uwdqtfkpcvgf" dqpfu" ykvjqwv" ocvwtkv{" fcvg." rgtrgvwcn" pqp/ewowncvkxg"rtghgttgf" uvqemu" kuuued by the Bank’s subsidiary that are not directly or kpfktgevn{" jgnf" d{" vjg" Dcpm" cpf" kvu" uvqem" rtgokwo." cpf" pqp/ewowncvkxg"uwdqtfkpcvgf"dqpfu"ykvjqwv"ocvwtkv{"fcvg0"
40" Vkgt"KK"Ecrkvcn<"
Vjg" rtqlgev" ueqrg" kpenwfgu" rgtrgvwcn" ewowncvkxg" rtghgttgf" ujctgu" cpf" kvu"uvqem"rtgokwo."ewowncvkxg"uwdqtfkpcvgf"dqpfu"ykvjqwv"ocvwtkv{"fcvg."eqpxgtvkdng"uwdqtfkpcvgf" dqpf." nqpi/vgto" uwdqtfkpcvgf" dqpf." pqp/rgtrgvwcn" rtghgttgf" uvqem"
220
325"
cpf" kvu" uvqem"rtgokwo." vjg" tgvckpgf"gctpkpiu" kpetgcugf"ctkukpi" htqo" vjg"rtqrgtv{"ogcuwtgf"cv"hckt"xcnwg"qt"tgcrrtckucn"rtkeg"cu"equv"hqt"vjg"hktuv/vkog"cfqrvkqp"qh"vjg"KHTU."uwdugswgpv"ogcuwtgogpvu"qh" vjg" tgcn"rtqrgtvkgu" hqt" kpxguvogpv"rwtrqug"qh"vjg"crrtgekcvkqpu"cpf"67'"qh"uwdugswgpv"ogcuwtgogpvu"qh"vjg"tgcn"rtqrgtvkgu"hqt"kpxguvogpv"rwtrqug"cpf"vjg"cxckncdng/hqt/ucng"hkpcpekcn"cuugvu"wptgcnk|gf"ickp."vjg"qrgtcvkpi"tgugtxg"cpf"cnnqycpeg"hqt"dcf"fgdvu."cu"ygnn"cu"vjg"rgtrgvwcn"ewowncvkxg"preferred stock issued by the Bank’s subsidiary that are not directly or indirectly jgnf"d{"vjg"Dcpm"cpf"kvu"uvqem"rtgokwo."ewowncvkxg"uwdqtfkpcvgf"fgdvu"ykvjqwv"c"ocvwtkv{"fcvg."eqpxgtvkdng"uwdqtfkpcvgf"dqpfu."nqpi/vgto"uwdqtfkpcvgf"dqpfu."cpf"pqp/rgtrgvwcn"rtghgttgf"uvqemu"cpf"kvu"uvqem"rtgokwo0"
*5+" Ecrkvcn"Cfgswce{"
Wpkv<"PVF"vjqwucpf="'"
[gct"Cpcn{vkecn"kvgou"
Fgegodgt"53."4237"Fgegodgt"53."4236"
Vqvcn"Ugnh/qypgf"Ecrkvcn"
Eqooqp"uvqem"gswkv{"ecrkvcn"
" " " 5;.38:.395" " " " 57.47;.35:"
Qvjgt"Vkgt"K"Ecrkvcn" " " " 3.63:.958" " " " /"Vkgt"KK"Ecrkvcn" " " " :.;32.249" " " " ;.:69.839"Vqvcn"Ugnh/qypgf"Ecrkvcn" " " " 6;.6;8.;58" " " " 67.328.977"
Vqvcn"tkum/ygkijvgf"
cuugvu"
Etgfkv"Tkum"
Uvcpfctfk|gf"Crrtqcej"
" " " 5;4.89:.224" " " " 58:.853.689"
Kpvgtpcn"Tcvkpiu/Dcugf"Crrtqcej"
" " " /" " " " /"
Cuugv"Ugewtkvk|cvkqp"
" " " /" " " " /"
Qrgtcvkqp"Tkum"
Dcuke"Kpfkecvqt"Crrtqcej"
" " " 37.964.697" " " " 35.562.;::"
Uvcpfctf"ogvjqf1"qrvkqpcn"uvcpfctf"ogvjqf"
" " " /" " " " /"
Cfxcpegf"Ogcuwtgogpv"Crrtqcej"
" " " /" " " " /"
Octmgv"Tkum"
Uvcpfctfk|gf"Crrtqcej"
" " " 8.23:.397" " " " 7.664.372"
Kpvgtpcn"Oqfgnu"Crrtqcej"
" " " /" " " " /"
Vqvcn"tkum/ygkijvgf"cuugvu" " " " 636.65:.874" " " " 5:9.636.827"Ecrkvcn"cfgswce{"tcvkq" " " " 330;6'" " " " 33086'"Eqooqp"uvqem"gswkv{"cu"c"rgtegpvcig"qh"tkum"cuugvu"
" " " ;067'" " " " ;032'"
Rtqrqtvkqp"qh"Vkgt"K"ecrkvcn"vq"tkum"cuugvu" " " " ;09;'" " " " ;032'"Ngxgtcig"tcvkq" " " " 8088'" " " " /"
"
Pqvg"3<" Vjg"ugnh/qypgf"ecrkvcn." tkum"cuugvu."cpf" vqvcn" gzrquwtg" kp" vjku" vcdng" ujqwnf"dg"calculated according to the regulations in “Regulation on Bank Capital Adequacy and Capital Tiers” and “Clarification on Bank Equity Capital and Risk Capital Calculation Methods and Forms.”"
Pqvg"4<" Vjg"cppwcn"hkpcpekcn"uvcvgogpv"ujcnn"urgekh{"vjg"Ecrkvcn"cfgswce{"tcvkqu"hqt"vjg"ewttgpv" rgtkqf" cpf" vjg" rtgxkqwu" rgtkqf0" Vjg" ugokcppwcn" hkpcpekcn" uvcvgogpv"
221
326"
ujcnn"cnuq"fkuenqug"vjg"Ecrkvcn"cfgswce{"tcvkq"cv"vjg"gpf"qh"vjg"rtgxkqwu"{gct."kp"cffkvkqp"vq"vjqug"hqt"vjg"ewttgpv"rgtkqf"cpf"rtgxkqwu"rgtkqf0"
Pqvg"5<" Gswcvkqpu"hqt"hkpcpekcn"cpcn{uku<"
30" Vqvcn" ugnh/qypgf"ecrkvcn"?"Eqooqp"uvqem"gswkv{"-"Qvjgt"Vkgt" K"Ecrkvcn"-"Vkgt"KK"Ecrkvcn"
40" Vqvcn"coqwpv"qh"tkum/ygkijgf/cuugvu"?"Etgfkv"tkum/ygkijgf"cuugvu"-"Ecrkvcn"ejctig"qh"*qrgtcvkqpcn"tkum"-"octmgv"tkum+"z"34070"
50" Ecrkvcn" Cfgswce{" tcvkq" ?" Vqvcn" ugnh/qypgf" ecrkvcn" 1" Vqvcn" coqwpv"tkum/ygkijgf"cuugvu0"
60" Tcvkq"qh"eqooqp"uvqem"gswkv{"vq"tkum"cuugvu"?"Eqooqp"uvqem"gswkv{"1"Vqvcn"tkum"ygkijvgf"cuugvu0"
70" Rtqrqtvkqp"qh"Vkgt"K"ecrkvcn"vq"tkum"cuugvu"?"*Eqooqp"uvqem"gswkv{"-"Vkgt"K"Ecrkvcn+"1"Vqvcn"tkum/ygkijvgf"cuugv"
80" Ngxgtcig"tcvkq"?"Pgv"Vkgt"K"ecrkvcn"1"Vqvcn"gzrquwtg0"
Pqvg"6<" Vjku"vcdng"oc{"pqv"dg"fkuenqugf"kp"vjg"hkpcpekcn"uvcvgogpvu"hqt"S3"cpf"S50"
Pqvg"7<" Fkuenquwtg"qh"ngxgtcig"tcvkq"uvctvgf"htqo"42370"Fkuenquwtg"qh"ngxgtcig"tcvkq"kp"4236"ku"pqv"pgeguuct{0"
640" Kphqtocvkqp" qp" gzejcpig" tcvgu" qh" hkpcpekcn" cuugvu" cpf" nkcdknkvkgu" fgpqokpcvgf" kp" hqtgkip"ewttgpekgu"
Vjg" kphqtocvkqp" tgictfkpi" cuugvu" cpf" nkcdknkvkgu" fqokpcvgf" d{" hqtgkip" ewttgpe{" kp" vjg"eqpuqnkfcvgf"eqorcp{"yjkej"okijv"ctqwug"ocvgtkcn"ghhgev<"
Fgegodgt"53."4237" " WUF" " TOD" " CWF" " GWT" LR[" "Qvjgt"hqtgkip"ewttgpekgu" " Vqvcn"
Hqtgkip"ewttgpe{"hkpcpekcn"cuugvu" " " " " " " " " "Ecuj"cpf"ecuj"gswkxcngpvu" " "" &" 4.76;.523" " "" &" 3.453.:89" " "" &" 5;.75:" " "" &" 7:8.355" "" &" 584.927" " "" &" 46;.;39" " "" &" 7.23;.683"Fwg"htqo"Egpvtcn"Dcpm"cpf"ngpf"vq"Dcpmu" " "" " 6;.467" " "" " 3.;94.428" " "" " 749.9:2" " "" " /" "" " /" " "" " 476.96;" " "" " 4.:25.;:2"
Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "" " 346.::5" " "" " /" " "" " /" " "" " /" "" " /" " "" " /" " "" " 346.::5"
Cxckncdng/hqt/Ucng"Hkpcpekcn"Cuugvu" " "" " 635.449" " "" " /" " "" " /" " "" " /" "" " /" " "" " /" " "" " 635.449"Fkueqwpvu"cpf"nqcpu" " "" " 48.;38.58:" " "" " 4;2.93:" " "" " 39;.;47" " "" " 684.;5:" "" " 599.847" " "" " 897.298" " "" " 4:.;24.872"Ceeqwpvu"tgegkxcdng" " "" " 946.486" " "" " 9;4.453" " "" " ;.88:" " "" " 37.377" "" " 392.;5:" " "" " 39.323" " "" " 3.94;.579"Jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu" " "" " 4.657.846" " "" " 4.67:.288" " "" " /" " "" " /" "" " /" " "" " /" " "" " 6.:;5.8;2"Qvjgt"hkpcpekcn"cuugvu" " "" " ;53.5;7" " "" " /" " "" " /" " "" " /" "" " /" " "" " /" " "" " ;53.5;7"Qvjgt"cuugvu" " "" " ;6.772" " "" " /" " "" " /" " "" " /" "" " /" " "" " /" " "" " ;6.772"" " " " " " " " " " " " " "Hqtgkip"ewttgpe{"hkpcpekcn"nkcdknkvkgu" " " " " " " " " " " " " "Hwpfu"dqttqygf"htqo"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" " "" " 397.974" " "" " :64.9;3" " "" " /" " "" " /" "" " /" " "" " /" " "" " 3.23:.765"
Ewuvqogt"fgrqukvu"cpf"tgokvvcpegu" " "" " 59.724.325" " "" " 5.485.934" " "" " 3.667.;49" " "" " 7:2.496" "" " 5::.237" " "" " ;59.:35" " "" " 66.339.:66"Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "" " 342.454" " "" " /" " "" " /" " "" " /" "" " /" " "" " /" " "" " 342.454"
Rc{cdngu" " "" " 7:8.848" " "" " 46.738" " "" " 4.623" " "" " :.83:" "" " 372.3;3" " "" " 39.:8;" " "" " 9;2.443"Nkcdknkv{"tgugtxg" " "" " 9.582" " "" " /" " "" " /" " "" " /" "" " /" " "" " /" " "" " 9.582"Qvjgt"nkcdknkvkgu" " "" " 66.3;6" " "" " 76.852" " "" " /" " "" " 45.59;" "" " 544" " "" " /" " "" " 344.747"" " " " " " " " " " " " " "Vckycp"Fqnnct"gzejcpig"tcvgu" " "" " 540:5" " "" " 7022" " "" " 450;;" " "" " 570:9" "" " 2049" " "" " " " "" " "
222
327"
"
Fgegodgt"53."4236" " WUF" " TOD" " CWF" " LR[" "Qvjgt"hqtgkip"ewttgpekgu" " Vqvcn"
Hqtgkip"ewttgpe{"hkpcpekcn"cuugvu" " " " " " "Ecuj"cpf"ecuj"gswkxcngpvu" " "" &" 3.5;6.244" " "" &" ;:4.:45" " "" &" 47.822" " "" &" 32;.245" " "" &" 43;.938" " "" &" 4.953.3:6"Fwg"htqo"Egpvtcn"Dcpm"cpf"ngpf"vq"Dcpmu" " "" " 59.;82" " "" " 5.;65.;97" " "" " :29.678" " "" " /" " "" " /" " "" " 6.9:;.5;3"
Hkpcpekcn"cuugvu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "" " :6.866" " "" " /" " "" " /" " "" " /" " "" " /" " "" " :6.866"
Cxckncdng/hqt/Ucng"Hkpcpekcn"Cuugvu" " "" " 67:.7:5" " "" " /" " "" " /" " "" " /" " "" " /" " "" " 67:.7:5"Fkueqwpvu"cpf"nqcpu" " "" " 49.;6;.:63" " "" " 422.:56" " "" " 3;6.322" " "" " 558.2:3" " "" " 3.239.223" " "" " 4;.8;9.:79"Ceeqwpvu"tgegkxcdng" " "" " :;4.23;" " "" " 822.965" " "" " 78.3;2" " "" " 496.2:3" " "" " 93.668" " "" " 3.:;6.69;"Jgnf/vq/ocvwtkv{"hkpcpekcn"cuugvu" " "" " 37:.387" " "" " :49.562" " "" " /" " "" " /" " "" " /" " "" " ;:7.727"Qvjgt"hkpcpekcn"cuugvu" " "" " :83.:;;" " "" " /" " "" " /" " "" " /" " "" " /" " "" " :83.:;;"Qvjgt"cuugvu" " "" " ;3.325" " "" " /" " "" " /" " "" " /" " "" " /" " "" " ;3.325"" " " " " " " " " " " " "Hqtgkip"ewttgpe{"hkpcpekcn"nkcdknkvkgu" " " " " " " " " " " " "Fwg"vq"Egpvtcn"Dcpm"qh"Ejkpc"cpf"dcpmu" " "" " 5.235.322" " "" " /" " "" " 37.74:" " "" " :.362" " "" " 337.572" " "" " 5.374.33:"
Hwpfu"dqttqygf"htqo"Egpvtcn"Dcpm"cpf"qvjgt"dcpmu" " "" " 477.5:8" " "" " 472.478" " "" " /" " "" " /" " "" " /" " "" " 727.864"
Ewuvqogt"fgrqukvu"cpf"tgokvvcpegu" " "" " 47.749.3:5" " "" " 7.3:9.:75" " "" " 3.46;.59:" " "" " 5;9.453" " "" " 3.388.82;" " "" " 55.74:.476"Hkpcpekcn"nkcdknkvkgu"cv"hckt"xcnwg"vjtqwij"rtqhkv"cpf"nquu" " "" " 88.52;" " "" " /" " "" " /" " "" " /" " "" " /" " "" " 88.52;"
Rc{cdngu" " "" " 3.754.79:" " "" " 74.32:" " "" " :3.444" " "" " 445.;68" " "" " ;7.292" " "" " 3.;:6.;46"Dknnu"cpf"dqpfu"uqnf"wpfgt"tgrwtejcug"citggogpvu" " "" " 495.795" " "" " /" " "" " /" " "" " /" " "" " /" " "" " 495.795"
Nkcdknkv{"tgugtxg" " "" " 5.735" " "" " /" " "" " /" " "" " /" " "" " /" " "" " 5.735"Qvjgt"nkcdknkvkgu" " "" " 69.4:6" " "" " 84.62:" " "" " /" " "" " 6.;68" " "" " 4.:6;" " "" " 339.6:9"" " " " " " " " " " " " "Vckycp"Fqnnct"gzejcpig"tcvgu" " "" " 53085" " "" " 702;" " "" " 470::" " "" " 2048" " "" " " " "" " "
"
650" Hkpcpekcn"kphqtocvkqp"hqt"qrgtcvkpi"ugiogpvu"
Hkpcpekcn" kphqtocvkqp" hqt" qrgtcvkpi" ugiogpvu" ku" rtqxkfgf" hqt"ockp" fgekukqp"ocmgtu" vq"cnnqecvg" tguqwtegu"cpf"gxcnwcvg" vjg"rgthqtocpeg"qh"gcej"ugiogpv0"Uwej" kphqtocvkqp" hqewugu"qp" gcej" fgnkxgtgf" qt" qhhgtgf" rtqfwev" qt" ugtxkeg0" Ceeqtfkpi" vq" vjg" Kpvgtpcvkqpcn" Hkpcpekcn"Tgrqtvkpi" Uvcpfctfu" Pq0" 8, “Operating Segments,” the consolidated company’u" tgrqtvcdng"ugiogpvu"ctg"cu"hqnnqyu<"
Vckejwpi"Tgikqp" "
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Ejcpijwc"Ctgc"
QDW"
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*3+" Tgxgpwgu"cpf"qrgtcvkpi"tguwnvu"qh"ugiogpvu"
Revenues and operating results of the consolidated company’s continuing units are cpcn{|gf"kp"ceeqtfcpeg"ykvj"ugiogpvu"vq"dg"tgrqtvgf."yjkej"ctg"uwooctk|gf"cu"hqnnqyu<"
"Vckejwpi"Tgikqp" " Pqtvj"Fkuvtkev" " Ejcpijwc"Ctgc" " QDW" "
Jgcf"Qhhkeg"cpf"qvjgt" "
Cflwuvogpv"cpf"Ytkvg"qhh" " Vqvcn"
4237" " " " " " " " " " " " " " "Kpvgtguv"tgxgpwg" " "" &" 6.997.444" " "" &" 5.4:8.495" " "" &" 4.;96.593" " "" &" :3:.532" " "" &" 3.7:;.447" " "*"&" 3.:74.433"+" " "" &"33.7;3.3;2"Kpvgtguv"gzrgpugu" " "*"" 3.765.27;"+" " "*"" 3.423.:;4"+" " "*"" 3.2:;.342"+" " "*"" 547.339"+" " "*"" 3.:2;.66;"+" " "" " 3.:74.433" " "*"" 6.338.648"+"Pgv"kpvgtguv"kpeqog" " "" " 5.454.385" " "" " 4.2:6.5:3" " "" " 3.::7.473" " "" " 6;5.3;5" " "*"" 442.446"+" " "" " /" " "" " 9.696.986"Pgv"kpeqog"*nquu+"qvjgt"vjcp"kpvgtguv"kpeqog" " " " " " " " " " " " " " "Ugtxkeg"Hgg."Pgv" " "" " 966.969" " "" " 46:.2:4" " "" " 647.:6;" " "" " 5;.6:8" " "" " 7:7.4:8" " "" " /" " "" " 4.265.672"Vjg"pgv"ickp"qt"nquu"qh"hkpcpekcn"kpuvtwogpvu" " "" " 5.536" " "" " ;.664" " "" " 8.79:" " "*"" 3.368"+" " "" " 582.959" " "" " /" " "" " 59:.;47"
Qvjgt"pgv"rtqhkv"*nquu+" " "" " 3;.446" " "" " :.984" " "" " 3:.:;3" " "*"" 32.937"+" " "" " 46;.82;" " "*"" :2.38;"+" " "" " 427.824" "
Dcf"fgdv"gzrgpugu" " "*"" 734.;74"+" " "*"" 457.469"+" " "*"" 547.86;"+" " "*"" 394.4;;"+" " "" " 723.:86" " " "" " /" " "*"" 966.4:5"+"Qrgtcvkpi"gzrgpugu" " "*"" 3.4;2.378"+" " "*"" 953.49;"+" " "*"" :25.995"+" " "*"" 46.2:;"+" " "*"" 4.674.995"+" " "" " :2.38;" " "*"" 7.443.;23"+"Kpeqog"*nquu+"dghqtg"vczcvkqp" " "" &" 4.3;8.562" " "" &" 3.5:6.363" " "" &" 3.429.369" " "" &" 546.652" " "*"&" ;97.723"+" " "" &" /" " "" &" 6.358.779"
" " " " " " " " " " " " " " "
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223
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"
"Vckejwpi"Tgikqp" " Pqtvj"Fkuvtkev" " Ejcpijwc"Ctgc" " QDW" "
Jgcf"Qhhkeg"cpf"qvjgt" "
Cflwuvogpv"cpf"Ytkvg"qhh" " Vqvcn"
4236" " " " " " " " " " " " " " "Kpvgtguv"tgxgpwg" " "" &" 6.7;2.:27" " "" &" 5.258.767" " "" &" 4.:82.6:7" " "" &" 878.:37" " "" &" 3.89;.:;;" " "*"&" 3.92:.494"+" " "" &"33.338.499"Kpvgtguv"gzrgpugu" " "*"" 3.6:;.:48"+" " "*"" 3.384.4;8"+" " "*"" 3.27:.648"+" " "*"" 425.452"+" " "*"" 3.96:.9;6"+" " "" " 3.92:.494" " "*"" 5.;76.522"+"Pgv"kpvgtguv"kpeqog" " "" " 5.322.;9;" " "" " 3.:96.46;" " "" " 3.:24.27;" " "" " 675.7:7" " "*"" 8:.:;7"+" " "" " /" " "" " 9.383.;99"Pgv"kpeqog"*nquu+"qvjgt"vjcp"kpvgtguv"kpeqog" " " " " " " " " " " " " " "Ugtxkeg"Hgg."Pgv" " "" " 977.777" " "" " 487.858" " "" " 638.53:" " "" " 5:.759" " "" " 823.35:" " "" " /" " "" " 4.299.3:6"Vjg"pgv"ickp"qt"nquu"qh"hkpcpekcn"kpuvtwogpvu" " "" " 3.976" " "" " 3.:64" " "" " 5.:7;" " "" " ;:3.5;2" " "" " 375.;63" " "" " /" " "" " 3.364.9:8"
Qvjgt"pgv"rtqhkv"*nquu+" " "" " 42.:36" " "" " 9.;99" " "" " 3:.536" " "" " 38.945" " "" " 56;.495" " "*"" :2.26;"+" " "" " 555.274"
Dcf"fgdv"gzrgpugu" " "*"" 8;6.734"+" " "*"" 654.967"+" " "*"" 467.647"+" " "*"" 356.369"+" " "*"" 697.;:9"+" " "" " /" " "*"" 3.;:4.:38"+"Qrgtcvkpi"gzrgpugu" " "*"" 3.429.8;4"+" " "*"" 848.222"+" " "*"" 972.369"+" " "*"" 44.388"+" " "*"" 3.;:5.22;"+" " "" " :2.26;" " "*"" 6.72:.;87"+"Kpeqog"*nquu+"dghqtg"vczcvkqp" " "" &" 3.;98.:;:" " "" &" 3.2;2.;7;" " "" &" 3.466.;9:" " "" &" 3.555.;44" " "*"&" 3.645.75;"+" " "" &" /" " "" &" 6.445.43:"
"
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*4+" Ugiogpv"cuugvu"
Ugiogpv"cuugvu" " Fgegodgt"53."4237"" Fgegodgt"53."4236"Vckejwpi"Tgikqp" " " " " &392.;;7.862" " " " &"392.839.665"Pqtvj"Fkuvtkev" " " " " 356.2:2.64:" " " " " 353.:;5.358"Ejcpijwc"Ctgc" " " " " ;3.58;.524" " " " " ;2.686.;47"QDW" " " " 48.343.;;8" " " " " 42.859.;58"Jgcf"Qhhkeg"cpf"qvjgt" " " " " 375.285.56;" " " " " 338.658.;82"Vqvcn"ugiogpv"cuugvu" " " " &"797.852.937" " " " &"752.272.622"
"
*5+" Ockp"tgxgpwgu"htqo"rtqfwevu"cpf"ugtxkeg"
The consolidated company’s main business is interest revenue. There is no kphqtocvkqp"d{"rtqfwevu"cpf"d{"ugtxkeg0"
*6+" Kphqtocvkqp"d{"ctgcu"
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"
*7+" Kphqtocvkqp"qp"mg{"ewuvqogtu"
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224
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7"
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Pqpg"
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225
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226
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242
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244
Taichung Commercial Bank Company LimitedAddress:No. 87, Min Chuan Road, Taichung, Taiwan, R.O.C.
Tel.:(04)2223-6021
Website: http://www.tcbbank.com.tw
Company SpokesmanName: Chi-Chuan Fang
Job title: Executive Vice President
Tel.:(04)2223-6021
Email:[email protected]
Acting SpokesmanName: Hsueh-Hsuan Liao
Job title: Executive Vice President
Tel.:(04)2223-6021
Email:[email protected]
Shares RegistrarName: by internal function
Address:11F., No. 50, Sec. 1, XinSheng South Road, ZhongZheng District, Taipei,
Taiwan, R.O.C.
Website: http://www.tcbbank.com.tw
Tel.:(02)2395-7388
Credit Rating AgencyName: Fitch Australia Pty Ltd, Taiwan Branch
Address: Suite 1306, 13F., No. 205, Tun Hwa N. Road, Taipei, Tawian, R.O.C.
Tel.:(02)8175-7600
External Auditors in the Most Recent YearName of CPA firm: Deloitte & Touche
Name of CPA: Wen-Ya Hsu & Kuan-Chung Lai
Address:12F., No. 156, MinSheng East Road, Sec. 3, Song Shan District, Taipei,
Taiwan, R.O.C.
Website: http://www.deloitte.com.tw
Tel.:(02)2545-9988
Name of any exchanges where the Company's securities are traded overseas, and the
method by which to access information on said offshore securities : None
Taichung Commercial Bank
Chairman :
Chun-Sheng Lee
總行臺 中 市 西 區 民 權 路 8 7 號 電 話 ： 0 4 - 2 2 2 3 6 0 2 1 No.87, Min-Chuan Road, Taichung, Taiwan, R.O.C.
We Do Our Best For You
2015Stock Code:2812
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Date of publication:March 2016 Website:http://www.tcbbank.com.tw M.O.P.S:http://mops.twse.com.tw
Annual Report
