The Financial Supervisory Commission (FSC) granted a banking license to NEXT COMMERCIAL BANK Co., Ltd. (NEXT BANK) on 9 November 2021. NEXT BANK is the third internet-only bank to obtain a banking license in Taiwan. Approval to establish NEXT BANK had been granted by FSC on 2 August 2019, and after the completion of preparations, a banking license application was submitted to the FSC, which completed all off-site assessment and on-site application review procedures, additionally conducted a special audit on matters of concern to outside observers, asked NEXT BANK to appropriately deal with certain internal management issues, and then issued the banking license.