The announcement of resignation of Mr. L.C.Huang, designated Supervisor of our subsidiary of Cathay United Bank.

2006-06-29

1.Date of occurrence of the change:2006/06/29 2.Name and resume of the replaced person: name: L.C.Huang resume:Vice Chairman, Cathay Real Estate development Co., Ltd. 3.Name and resume of the replacement:none 4.Reason for the change:personal reason 5.Number of shares held by the new director or supervisor at the time of appointment:none 6.Original term (From __________ to __________):2004/06/03~2007/06/02 7.Effective date of the new appointment:none 8.Rate of change of directors/supervisors of the same term:22% 9.Any other matters that need to be specified:none