The board of directors resolved to issue the unsecured corporate bonds

1. Date of the board of directors resolution:2022/03/16
2. Name [issue no.__ of (secured, unsecured) corporate bonds of ____ (company)]: Taiwan High Speed Rail Corporation unsecured corporate bonds.
3. Whether to adopt shelf registration (Yes/No):No
4. Total amount issued: An amount not exceeding NT$ 6 billion, issued once or in a batch within one year from the resolution of the board of directors.
5. Face value per bond: NT$ 10 million.
6. Issue price: At par value.
7. Issuance period: Not exceeding 10 years.
8. Coupon rate: Fixed coupon rate.
9. Types, names, monetary values and stipulations of collaterals: NA.
10. Use of the funds raised by the offering and utilization plan: To repay debt, to enhance capital.
11. Underwriting method: Public offering.
12. Trustees of the corporate bonds: The Board authorized the Chairman to approve.
13. Underwriter or agent:  The Board authorized the Chairman to approve.
14. Guarantor(s) for the issuance: NA.
15. Agent for payment of the principal and interest: The Board authorized the Chairman to approve.
16. Certifying institution: NA.
17. Where convertible into shares, the rules for conversion: NA.
18. Sell-back conditions: NA.
19. Buyback conditions: NA.
20. Reference date for any additional share exchange, stock swap, or subscription: NA.
21. Possible dilution of equity in case of any additional share exchange, stock swap, or subscription: NA.
22. Any other matters that need to be specified: None.