Cathay Financial Holding Clarifies Media Reports Regarding Subsidiary Cathay Life Insurance

Release Date: July 10, 2026 Statement Date: July 9, 2026 Statement Time: 20:47:35 Company Code: 2882 Company Name: Cathay Financial Holding Subject: Clarification by subsidiary Cathay Life Insurance regarding Mirror Media's report. Applicable Clause: Clause 51 Factual Date: July 9, 2026 Explanation: 1. Factual Date: 07/09/2026 2. Company Name: Cathay Life Insurance Co., Ltd. 3. Relationship with Company (Parent or Subsidiary): Subsidiary 4. Cross-shareholding Ratio: 100% 5. Media Name: Mirror Media 6. Report Content: Cathay's New Controversy 2 / Willing to Cut Four Floors in a Hundred Billion Project – Industry Insiders: Three Key Issues Need Clarification from Cathay 7. Reason for Occurrence: To clarify media reports. 8. Response Measures: Issuance of a significant information announcement. 9. Other Matters to be Clarified: The initiation of building construction by our company is entirely based on the 'intended future use' for commissioning design and related operations. Since Zone A is planned solely for commercial use (hotel, aquarium, cinema), its height was planned, applied for, constructed, and used according to needs, with all processes fully compliant with laws and regulations, and currently operating normally. Additionally, Zone B is designed as a 'mixed-use complex of offices and commercial space,' with building height planned according to future usage needs, and there is no illegal collusion as speculated externally. Moreover, all construction permits for Zone B buildings were legally applied for and approved by the competent authorities. Regarding concerns about exceeding height limits, the company hopes to promptly clarify relevant regulations and implement necessary changes in compliance, aiming to resolve this matter satisfactorily as soon as possible. Furthermore, the media's implication that the company obtained construction permits through improper relationships is an unverified and malicious association, which is deeply regrettable. The company reiterates that for over 60 years since its establishment, it has consistently conducted all business operations lawfully, professionally, and with integrity. Whether in the design, construction, or operation of Zone A or Zone B, all activities have been carried out in strict accordance with laws and regulations. The public is urged not to be misled by unfounded speculative reports.