Subsidiary CTBC Bank Engages IBM Taiwan for Core Banking IT Modernization Sub-Project
Original: 代子公司中信銀公告委託台灣國際商業機器股份有限公司 進行銀行IT核心現代化系統子案(補充111/06/07公告)
Summary
CTBC Financial is disclosing on behalf of its banking subsidiary CTBC Bank that IBM Taiwan (Taiwan International Business Machines Co., Ltd.) has been commissioned to execute a sub-project under CTBC Bank's ongoing core banking IT modernization program. This filing supplements the original material announcement dated June 7, 2022 (ROC Year 111), providing additional or corrected details on the engagement scope or contract terms. Full body available on MOPS.
Full Translation
Subject line (translated): 'Announcement on behalf of subsidiary CTBC Bank regarding the commissioning of Taiwan International Business Machines Co., Ltd. to carry out a sub-project of the Bank IT Core Modernization System (Supplementing the announcement of June 7, 2022 [ROC Year 111/06/07]).' Interpretive context: CTBC Financial Holdings (TWSE: 2891) filed this material disclosure as the listed parent, acting on behalf of its principal banking subsidiary, CTBC Bank. The announcement confirms that IBM Taiwan has been engaged to perform a defined sub-project within a broader core banking IT modernization initiative. The designation as a supplement to the June 7, 2022 filing indicates this may reflect a contract amendment, expanded scope, revised pricing, or corrected disclosure details relating to that original engagement. Core banking modernization projects of this scale typically represent multi-year, high-value technology transformation programs and are subject to TWSE material contract disclosure thresholds. [Body not available — subject line only. See MOPS for full announcement.]