SinoPac Holdings Board Resolution Announcement: Bank SinoPac to Merge SinoPac Call Center Co., Ltd.

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【2018.12.21】

On 21 December 2018, the board of SinoPac Holdings approved the merger between its two fully- owned subsidiaries, Bank SinoPac and SinoPac Call Center Co., Ltd. The resolution is an adjustment of the holdings' investment structure. There will be no impact on shareholders’ equity, book value per share, and earnings per share.

The merger is intended to lower operating costs and tax by integrating resources. The set record date for the merger is 1 May 2019. After the merger, Bank SinoPac (the surviving company) will generally assume all operations, assets, liabilities, and all rights and obligations of SinoPac Call Center Co., Ltd. (the dissolved company).