Fubon Financial : The FSC Approved the Merger Between Fubon Securities and Jih Sun Securities and the Merger Between Fubon Futures and Jih Sun Futures

The Merger is Expected to Take Place on April 9

In the face of the increasingly competitive market environment and digital financial challenges, in order to enhance operational efficiency and competitiveness and provide customers with more diversified and complete financial services, Fubon Securities, Jih Sun Securities and Fubon Futures have approved the merger case by the resolution of the board of directors of each company (acting on behalf of the shareholders' meeting) and by the resolution of the extraordinary shareholders' meeting of Jih Sun Futures. The FSC has approved the merger case on February 17, 2023. Both Securities and Both Futures have set April 9, 2023 as the basis date for the merger, and after the merger, Fubon Securities and Fubon Futures will be the surviving companies respectively, and will generally assume the rights and obligations of Jih Sun Securities and Jih Sun Futures to ensure the rights and interests of all customers of Jih Sun Securities and Jih Sun Futures.

Fubon Securities and Fubon Futures said that Jih Sun Securities and Jih Sun Futures are long-established brokerages and futures firms, and Jih Sun Securities has been in business for more than 60 years, with high customer stability, and the overall number of customers after the merger of the two securities will exceed 2.5 million. Since its establishment nearly 30 years ago, Jih Sun Futures has high-quality R&D strength, especially in the network of program trading and smart orders placement. By complementing the strengths of both securities and futures, the merger is expected to increase the overall business scale and market share, as well as enhance the soft power of trading strategies and program trading for futures. In addition, Fubon Securities and Fubon Futures are members of the Fubon Group which can integrate and utilize the diverse resources of the Fubon Group, it is believed that the merger will create a new financial experience and service for the customers of Fubon Securities and Fubon Futures.

In response to the merger, Fubon Securities and Jih Sun Securities are expected to shut down at 16:30 on April 7, and Fubon Futures and Jih Sun Futures are expected to shut down at 6:00am on April 8 for the system conversion, and the system conversion is expected to be completed and start at 23:00 on April 9. In order to ensure the rights and interests of customers, we plan to conduct 4 parallel system tests, cut-over drills and several stress tests to complete the merger of the system in a safe, accurate, stable and efficient manner. In addition to the announcement of all system conversions and shutdowns on each electronic platform, the merger will be announced on the official websites of Jih Sun Securities, Jih Sun Futures, Fubon Securities and Fubon Futures, along with the changes in customers' rights and interests and system platform functions after the merger.

Looking forward to the future, Fubon Securities and Fubon Futures will uphold the original intention of "gathering to welcome the together of Fubon and Jih Sun for good" in the spirit of professionalism and integrity, integrate the advantages of both parties to provide customers with diversified and high-quality financial services of "1+1>2", give full play to the spirit of "positive force and create value", implement risk control, create new value of wealth management for customers, and give full play to the influence of enterprises, implement sustainable operation, and become the most trusted financial partner of the people and enterprises in Taiwan.

Fubon Securities: https://www.fubon.com/securities/merger/index.html

Fubon Futures: https://www.fubon.com/futures/merger/index.html

Jih Sun Securities: https://www.jihsun.com.tw/md/event/merger/index.html

Jih Sun Futures: https://jsmarket.jihsun.com.tw/futures/merger/index.html