In 2022, optimistic about the national energy transition policy and the company’s RE100 commitment to drive up the long-term trend of green power demand, we consolidated our solar power plant investments and established Cathay Power to undertake such investments. We became the first insurance company in Taiwan to establish a solar power subsidiary. Furthermore, Cathay Life Insurance integrated internal and external resources and established an offshore wind farm project evaluation team. After more than a year of technical, financial, and legal on-site audits, we evaluated the release of 50% of shares of Greater Changhua Offshore Wind Farm by Ørsted in 2023. In December 2024, we partnered with our subsidiary, Cathay Power, to jointly invest in 50% of shares of Greater Changhua Offshore Wind Farm at a price of no more than NT$27.3 billion. The wind warm has an installed capacity of approximately 583MW. In December 2025, Cathay Life Insurance and Cathay Power further jointly invested up to NT$34 billion to acquire a 55% stake in Ørsted’s Greater Changhua 2 Offshore Wind Farm , which has an installed capacity of approximately 632 MW. These investments not only fulfill the life insurance industry’s need for long-term and stable returns on capital and align with the Company’s sustainable energy development strategy, but also aim to demonstrate industry leadership through a pioneering role.