TO THE ORDER OF BANK OF CITI N.A.

Business Nature: Financial Institution (Bank)

Company Profile:

Citibank N.A. Taiwan is a prominent branch of the global financial services corporation, Citigroup. It operates as a major foreign bank in Taiwan, providing a comprehensive range of corporate and investment banking services. Its primary functions include cash management, trade finance, treasury solutions, and securities services for multinational corporations, financial institutions, and large local enterprises. It is a regulated financial service provider rather than a manufacturing factory or a traditional product trading company.

Classification: Neither a factory nor a trading company; it is a financial service provider.

The entity TO THE ORDER OF BANK OF CITI N.A. is not a manufacturing or sales company. It is a legal phrasing used in international trade and banking documents, specifically regarding Bills of Lading or negotiable instruments.

In this context, the entity represents the following:

1. Financial Instrument: It functions as a payee designation in a Letter of Credit or a Bill of Lading, indicating that the goods or payment are controlled by Citibank N.A. (Taipei Branch) until specific financial conditions are met by the buyer.

2. Legal Status: It is a placeholder for the bank's interest in the cargo or funds, ensuring the bank retains title to the goods as collateral for trade financing.

3. Product Scope: This entity does not produce or sell any commercial goods. It serves strictly as a financial intermediary and security holder in trade transactions.