Represent subsidiary Cathay Pacific Venture Capital Co., Ltd. to announce the replacemnt of Director & Supervisor representatives

2006-08-11

1.Date of occurrence of the change:2006/08/11 2.Name and resume of the replaced person: Director, Mei-Hsiung Huang, the representative of Cathay Financial Holdings Supervisor, Jen-Ho Chang, the representative of Cathay Financial Holdings 3.Name and resume of the replacement: Director, Jen-Ho Chang, the representative of Cathay Financial Holdings Supervisor, Ching-Song Tsang, the representative of Cathay Financial Holdings 4.Reason for the change: reassignment 5.Number of shares held by the new director or supervisor at the time of appointment:60,000,000 6.Original term (From __________ to __________):2006/03/20/~2009/03/19 7.Effective date of the new appointment:2006/08/11 8.Rate of change of directors/supervisors of the same term:None 9.Any other matters that need to be specified:None