Cathay Life Insurance Company Limited (Shanghai) is permitted to establish a branch company in Hangzhou.

2006-06-07

1.Date of occurrence of the event:2006/06/06 2.Name of the company:Cathay Life Insurance Company 3.Relationship to the company (listed company or affiliated company): affiliated company 4.The shareholding ratios of mutual holding:100% 5.Cause of occurrence:Cathay Life Insurance Company Limited (Shanghai)，a 50/50 joint venture formed by Cathay Life Insurance Co., Ltd (Taiwan) and China Eastern Holding Company, acquired an official approval to establish a branch company in Hangzhou on June 6, 2006. 6.Countermeasures:NA 7.Any other matters that need to be specified:NA