Announce the contract between Cathay United Bank,Ltd. and San Ching Engineering Corporation on CUB's land for Cathay Ndihu Financial Building.

2006-06-30

1.Type of contract:Construction Contract 2.Date of occurrence of the event:2006/06/30 3.Counterparty to the contract and relationship between it and the Company: Counterparty to the contract: San Ching Engineering Corporation Relationship between it and the Company: Related Company 4.Major content of the contract (including total contract amount, anticipated monetary amount of participation in the investment, and starting and ending dates of the contract), restrictive covenants, and other important stipulations: Total contract amount: Around NT$1.0835Billion Starting and ending dates of the contract: From 2006/7/15 To 2009/11/15 5.Name of the professional appraisal institution and its appraisal opinion (not applicable to mandating others to build on the Company’s own land; also, the appraisal opinion should include an appraisal of the reasonableness of the contractual method of cooperation):N/A 6.Reason for any significant discrepancy with the transaction amount, and opinion of the certifying CPA:N/A 7.Is the appraisal report price a limited price or specific price?:N/A 8.Has an appraisal report not yet been obtained?:N/A 9.Reason an appraisal report has not yet been obtained:N/A 10.Concrete purpose/objective of the acquisition:N/A 11.Do the directors have any objection to the present transaction?:NO 12.Any other matters that need to be specified:N/A