Cathay Financial Announces Cathay Life Board Resolution to Lift Non-Compete Clause for Director

Release Date: July 17, 2026 Statement Date: July 16, 2026 Statement Time: 18:05:14 Company Code: 2882 Company Name: Cathay Financial Subject: Announcement on Behalf of Subsidiary Cathay Life Insurance Board (Exercising Shareholders' Meeting Authority) Approving the Lifting of Director's Non-Compete Clause Applicable Clause: Item 21 Factual Date: July 16, 2026

Details: 1. Shareholders' Meeting Resolution Date: 07/16/2026 2. Name and Title of Director Permitted to Engage in Competitive Activities: Wu Chun-Hung / Director 3. Nature of Permitted Competitive Activities: Companies with business scope identical or similar to Cathay Life Insurance 4. Duration of Permitted Competitive Activities: During tenure as Director of Cathay Life Insurance 5. Resolution Outcome (Voting Result per Article 209 of the Company Law): Approved by all attending directors, excluding those with conflicts of interest. 6. Name and Title of Director Engaging in Competitive Activities in Mainland China-Based Enterprises (Enter 'Not Applicable' if not applicable): Wu Chun-Hung / Director 7. Company Name and Position Held in the Mainland China-Based Enterprise: Cathay Insurance Co., Ltd. / Director, Lujiazui Cathay Life Insurance Co., Ltd. / Director 8. Address of the Mainland China-Based Enterprise: Building E, No. 221 Huangxing Road, Yangpu District, Shanghai (Building 1181) / No. 555 Haiyang West Road, No. 588 Dongyu Road, Floors 38, 12 Unit 06, Qiantan Center, Shanghai Free Trade Zone 9. Business Scope of the Mainland China-Based Enterprise: Various insurance and other businesses approved by local regulatory authorities / Various insurance and other businesses approved by local regulatory authorities 10. Impact on Company's Financial and Business Operations: None 11. If the Director has invested in the said Mainland China-based enterprise, specify investment amount and shareholding ratio: None 12. Other Matters to be Disclosed: None