Taichung Commercial Bank Co., Ltd. announced Chairman Kuei Fong Wang is suspended from acting the Director's duty for three months, pursuant to FSC Penalty Letter No. 11302700994. The Board of Managing Directors elected Managing Director Hsueh Hsuan Liao to act on behalf of Chairman for a period of three months, starting from the day after Penalty Letter was served (Penalty Letter was served on February 2, 2024).