Taishin Life Insurance Co., Ltd. announced a private placement of 227,272,728 common shares at an issue price of TWD 22 per share for gross proceeds of TWD 5,000,000,016 on May 19, 2022. The transaction will involve participation from existing investor, Taishin Financial Holding Co., Ltd. Post-closing of the transaction, the investor will retain its 100% stake in the company. Post the closing, the total number of shares held by the investor will be 723,330,995 shares for TWD 10,568,519,466.

The transaction has been approved by the board of directors of the company and by supervisors or approval by the Audit Committee of the board. The transaction requires approval of Financial Supervisory Commission of the board.