The announcement of the change of the director of Cathay Life Insurance, subsidiary of the company.

2006-08-11

1.Date of occurrence of the change:2006/08/11 2.Name and resume of the replaced person:None 3.Name and resume of the replacement:Chung-Liang Tsai 4.Reason for the change:Reassignment of director 5.Number of shares held by the new director or supervisor at the time of appointment:5,068,615,765 6.Original term (From __________ to __________):2005/05/18~2008/05/17 7.Effective date of the new appointment:2006/08/11 8.Rate of change of directors/supervisors of the same term:N.A. 9.Any other matters that need to be specified:None