On behalf of TCB to announce issuance of NT$8.65 Billion Non-Cumulative Perpetual Subordinated Financial Debentures (supplemental announcement of 2022/01/24)

 On behalf of TCB to announce issuance of NT$8.65
Billion Non-Cumulative Perpetual Subordinated Financial
Debentures (supplemental announcement of 2022/01/24)

1.Date of the board of directors resolution:2022/01/24
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:
Taiwan Cooperative Bank issue of 2nd Non-Cumulative Perpetual
Subordinated Financial Debentures in 2022.
3.Whether to adopt shelf registration (Yes/No):NO
4.Total amount issued:NT$ 8.65 billion
5.Face value per bond:NT$10 million
6.Issue price:100% face value
7.Issuance period:Issue on 2022/08/17; perpetual.
8.Coupon rate:annual fixed rate of 3.0%
9.Types, names, monetary values and stipulations of collaterals:None
10.Use of the funds raised by the offering and utilization plan:
To improve capital structure
11.Underwriting method:sales consultant engaged
12.Trustees of the corporate bonds:None
13.Underwriter or agent:NA
14.Guarantor(s) for the issuance:None
15.Agent for payment of the principal and interest:
Department of Business of Taiwan Cooperative Bank
16.Certifying institution:None
17.Where convertible into shares, the rules for conversion:NA
18.Sell-back conditions:NA
19.Buyback conditions:After 5 years and 1 month of issuance,
if calculating redemption of bonds can make TCB's ratio of
regulatory capital to risk-weighted assets to meet the
required minimum ratio by the Competent Authority and
its consent, the bonds may be redeemed earlier. TCB will
announce the redemption 30 days before the scheduled redemption
date and redeem the bonds at face value plus interest payable.
20.Reference date for any additional share exchange, stock swap, or
subscription:NA
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:N/A
22.Any other matters that need to be specified:None