An administrative fine of NT$30 million was imposed on CTBC Financial Holding on the basis of Article 60, Subparagraph 16 of the “Financial Holding Company Act”. Additionally, an official reprimand was issued on the basis of Article 54, Paragraph 1 of the same Act. The company’s chairman was suspended from his job for six months, and Vice Chairperson Chen was suspended from his job for one year on the basis of Subparagraph 4 under the same Paragraph 1. The monthly salary of the company’s general manager was cut by 30 percent for three months, and all compensation of the company’s Senior Executive Officer Chang was cut by 50 percent for the entire year of 2023 on the basis of Subparagraph 7 under the same Paragraph 1. The company is ineligible for six months to apply for making equity investments until the FSC recognizes that proper corrective action has been taken. Also, an official reprimand was issued to CTBC Bank on the basis of Article 61-1, paragraph 1 of the “Banking Act”. On the basis of subparagraphs 3 and 9 of the same Act, the bank is ineligible for six months to apply for making equity investments and establishing any overseas branch until the FSC recognizes that proper corrective action has been taken.