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Annualreport2015.Pdf Stock Code:2838 Date of Publication: May 2016 This Annual Report may be accessed on the Market Observation Post System (http://newmops.tse.com.tw) and on the Bank’s Website (http://www.ubot.com.tw) The English version of annual report is a brief translation and is not part of official document of the shareholder’s meeting. The Chinese version shall prevail if there is any difference between these two. 20152015 AnnualAnnual ReportReport Shih-Sheng Sung Authorized by Union Culture Foundation I. Spokesman Name: Mr. Herman Tu / Title: Senior Executive Vice President Tel.: 02-27180001 E-mail: [email protected] Second Spokesman Name: Mr. Yanger Yang / Title: Department Manager Tel.: 02-27180001 E-mail: [email protected] II. Head Office/Domestic Branch, address, and telephone: Please refer to page 153 ~156. III. Stock Registration Office Name: MasterLink Securities Corp. Homepage: http://www.masterlink.com.tw Address: B1, No.35, Ln. 11, Guangfu N. Rd., Taipei City Tel: (02) 2768-6688 IV. Credit Ratings Institution Name: Taiwan Ratings Corp. Homepage: http://www.taiwanratings.com.tw Address: 49F, No.7, Hsin-Yi Rd., Sec. 5, Taipei, Taiwan Tel.: (02) 8722-5800 V. CPA for Financial Statement Auditing Name: Mr. Terence Huang / Mr. Vincent Cheng Company: Deloitte & Touche Homepage: http://www.deloitte.com.tw Address: 12F, No.156, Minsheng E. Rd., Sec. 3, Taipei, Taiwan Tel.: (02) 2545-9988 VI. Offshore marketable securities exchange company and transaction information: None VII. Homepage: http://www.ubot.com.tw Table of Contents Letter to Shareholders ................................................................................................................................... 01 Bank Profile ......................................................................................................................................................05 Corporate Governance ................................................................................................................................. 06 1. Organization Structure ....................................................................................................................... 06 2. Information on Directors, Supervisors and Executive Officers ........................................................ 09 3. Execution of Corporate Governance................................................................................................... 44 4. Information on CPA Professional Fees................................................................................................ 67 5. Information on change of CPA............................................................................................................ 69 6. The Chairman, President and Executive Officers in charge of the Bank’s financial or accounting affairs who have, during the past year, served a position in the CPA firm to which or its affiliated enterprises the independent auditor(s) belong to.................................. 69 7. Transfer of Equity and Changes in Equity Used as Collateral by Directors, Supervisors, Managers, and Others Required to Report Equity in accordance with Paragraph 3, Article 25 of the Banking Act. .. ....................................................................................................................... 69 8. Information on Top 10 Shareholders Being the Related Parties......................................................... 74 9. Ownership of Investee Companies .................................................................................................... 75 Fund Raising Status .........................................................................................................................................77 1. Capital and Share ............................................................................................................................... 77 2. Issuance of Financial Debentures ...................................................................................................... 82 3. Issuance of Preferred Stock ................................................................................................................ 83 4. The status of Overseas Depository Receipts and Employee Stock Option ....................................... 83 5. Acquisitions or Disposition of Other Financial Institutions................................................................ 83 6. Fund Utilization Plan and Execution Status ...................................................................................... 83 Operational Highlights ....................................................................................................................................85 1. Business Description .......................................................................................................................... 85 2. Employee Analysis ............................................................................................................................. 95 3. Corporate Responsibility and Ethical Conduct ................................................................................. 97 4. Facilities of Information Technology ................................................................................................. 99 5. Labor Relations ................................................................................................................................ 100 6. Major Contracts ................................................................................................................................ 100 7. Securitization Commodities approved by the competent authority and relevant information launched in accordance with Financial Asset Securitization Act or Real Estate Securitization Act in recent years ........................................................................105 Financial Highlights ..................................................................................................................................... 106 1. Condensed Balance Sheets, Income Statements and Auditors’ Opinions for the most recent five years ................................................................................................................................................. 106 2. Financial Analysis and Capital Adequacy Ratio .............................................................................. 117 3. Supervisors’ Report for the 2014 Financial Statements .................................................................. 130 4. Financial Statements for 2014........................................................................................................... 131 5. Any Financial Difficulties Experienced by the Bank and its Affiliated Enterprises in the Past Year and Current Year up to the Printing Date of the Annual Report, if yes, please narrate the impact upon the Bank’s financial conditions ...................................................... 131 Analysis of the Financial Status and Operating Results & Risk Management ................................... 132 1. Financial Status ................................................................................................................................. 132 2. Results of Operation ......................................................................................................................... 133 3. Cash Flow ........................................................................................................................................... 133 4. The Impact of Major Capital Expenditures on the Bank’s Financial & Business Operations for the recent years ................................................................................................................................. 134 5. Reinvestment Policy, the Main Reasons for Profit or Loss, Corrective Action Plan in last year, and Table of Contents Investment Plan for the Next Year ................................................................................................... 134 6. Risk Management ............................................................................................................................ 134 7. Contingency Plan ............................................................................................................................... 147 8. Other Important Matters .................................................................................................................... 148 Affiliate and Special Notes .......................................................................................................................... 149 1. Information on Affiliated Enterprises .............................................................................................. 149 2. Private placement of marketable securities and financial debentures in the past year and current year up to the printing date of the annual report ....................................................... 151 3. Shares of the Bank held or disposed of by subsidiaries in the past year and current year up to the printing date of the annual report .............................................................................. 151 4. Other Necessary Supplements ......................................................................................................... 151 5. Up to the printing date of the annual report, any event which has a material impact on shareholders’ equity or securities prices pursuant to Article 36.2.2 of the Security and Exchange Law ................................................................................................................................
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