Announced by Cathay Financial Holdings,on behalf of Lucky Bank Co. Ltd., the change of director

2006-01-20

1.Date of occurrence of the change:2006/01/20 2.Name and resume of the replaced person:Christopher Wang 3.Name and resume of the replacement:Hsin Hsun Chen 4.Reason for the change:replacement by Cathay Financial Holdings 5.Number of shares held by the new director or supervisor at the time of appointment:255,134,413 6.Original term (From __________ to __________):2005/09/02~2008/09/01 7.Effective date of the new appointment:2006/01/20 8.Rate of change of directors/supervisors of the same term:11% 9.Any other matters that need to be specified:N/A