Central News Agency (CNA) July 2, 2024 Taipei – E.SUN Financial Holding Co. announced last year its merger with TransGlobe Life Insurance. Huang Nan-chou, chairman of E.SUN Financial, stated today that TransGlobe Life is expected to be merged into E.SUN Financial in the third quarter of this year, and theoretically, it should be renamed "E.SUN Life Insurance Company" before the end of this year. Huang Nan-chou attended a press conference today afternoon for the signing of a memorandum of understanding (MOU) between E.SUN Bank and Taipei City Hospital, launching the cross-sector cooperation model of "Financial Prescription." Regarding the progress of the TransGlobe Life merger, Huang Nan-chou told reporters after the event that it is expected to be merged into the financial holding company in the third quarter and will be renamed "E.SUN Life" by the end of the year. In addition, media also focused on Cathay Securities Investment Trust's recent violation of related party investment regulations, resulting in compensation of NT$948 million. Huang Nan-chou said that after hearing this news, he confirmed with his company's internal departments whether E.SUN Financial and its subsidiaries had similar situations. Generally speaking, employees need company approval for concurrent employment, as they would become related parties if they serve as directors of other companies. Huang Nan-chou stated that even if E.SUN Financial's senior executives hold directorships elsewhere, the proportion should be very small, as it requires approval. Another situation is that some individuals might have been directors since childhood because their families own small companies and their fathers are chairmen. This situation cannot be said to be prohibited, but they still need to be registered as related parties in the system. Huang Nan-chou explained that E.SUN Financial is a bank-centric financial holding company. For himself, all related parties are registered in E.SUN Bank's system. With th