2890 SinoPac Financial: SinoPac Commercial Bank's Merger with King's Town Bank Approved by Regulator

Release Date: July 8, 2026 Statement Date: July 7, 2026 Statement Time: 16:46:32 Company Code: 2890 Company Name: SinoPac Financial

Subject: SinoPac Financial Holding announces that the Banking Bureau of the Financial Supervisory Commission has approved the merger between its subsidiary SinoPac Commercial Bank and King's Town Bank.

Applicable Clause: Clause 51 Event Date: July 7, 2026

Details: 1. Event Date: July 7, 2026 2. Company Name: SinoPac Commercial Bank Co., Ltd. 3. Relationship with Company (enter 'Company' or 'Subsidiary'): Subsidiary 4. Cross-shareholding Ratio: Not applicable 5. Reason for Occurrence: SinoPac Commercial Bank applied to the Banking Bureau of the Financial Supervisory Commission for the absorption merger with King's Town Bank, which has now been approved. According to the official press release published on the Bureau's website on July 7, 2026, the merger was approved on the same day. 6. Response Measures: Not applicable 7. Other Matters to be Disclosed: As the subject entity is a publicly issued company or above, this significant information also qualifies as a material event under Article 7, Paragraph 9, Item 9 of the Enforcement Rules of the Securities and Exchange Act, having significant impact on shareholder rights or securities prices. The merger benchmark date will be jointly determined by the chairmen of both banks and subsequently announced to the public.