First Life Insurance Co., Ltd. announced a private placement of 50,000,000 common Shares at an issue price of TWD 10 per share for gross proceeds of TWD 500,000,000 on April 24, 2024. The transaction included participation from returning investor First Financial Holding Co., Ltd. to retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor, parent of the company.

The shares are being issued at par having a par value of TWD 10 per share. The transaction will be proceeded upon approval of the competent authority.