To continue the implementation of the "Blueprint for Taiwan's Adoption of the International Financial Reporting Standards’ (IFRS) Sustainability Disclosure Guidelines" announced on August 17, 2023, the Financial Supervisory Commission (hereinafter referred to as the "FSC") recently amended the “Guidelines for Items to be Disclosed in Annual Reports of Financial Holding Companies” (hereinafter referred to as the "Standards") and announced it on January 9, 2025. The key points of amendment are as follows:

I. Streamlining the content of annual reports of financial holding companies and simplifying the preparation：

To improve the efficiency of information disclosure, the FSC has deleted the disclosure of non-material information and repetitive matters in the annual reports of financial holding companies, and added the information indexing function:

（I） Delete some of the items to be disclosed:

Such as the financial company’s introduction, financial overview, penalties imposed on the company and its insiders, shareholder structure and dispersion of shareholdings.

（II） Enable an information indexing function:

For information that has been disclosed on the FSC’s designated website (e.g., internal control statement, consolidated business report of affiliates), its disclosure is allowed to be simplified in the form of an information index in the annual report.

II. Promote gender diversity on the boards of directors of financial holding companies

Referring to the "Action Plan for Sustainable Development of Listed Companies ", starting from 2025 onwards, if the number of board seats held by either gender is less than one-third in a financial holding company, the company shall disclose the specific reasons and measures taken to improve it in its annual report, so that gender diversity of the directors of financial holding companies may be effectively promoted.

III. Impact on enterprises

This amendment makes the preparation of annual reports of financial holding companies more in line with the international trend of sustainable development. It also demonstrates the FSC’s emphasis on gender equality and corporate governance. Enterprises should plan for the changes brough by this amendment and make timely adjustments to avoid the risks of non-compliance.

‍