The announcement of the change of the supervisor of Cathay United Commercial Bank, subsidiary of the company.

2006-10-31

1.Date of occurrence of the change:2006/10/31 2.Name and resume of the replaced person: title name resume Supervisor Chi-Hsiung Chen Executive Vice President, Chung Hwa Post Co.Ltd. 3.Name and resume of the replacement: title name resume Supervisor Sheue-Yun Hu Executive Vice President, Chung Hwa Post Co.Ltd. 4.Reason for the change:Reassignment of supervisor. 5.Number of shares held by the new director or supervisor at the time of appointment: title name Number of shares held supervisor Sheue-Yun Hu 4,642,051,816 6.Original term (from __________ to __________):2004/06/03~2007/06/02 7.Effective date of the new appointment:2006/10/31 8.Rate of turnover of directors/supervisors of the same term:N. A. 9.Any other matters that need to be specified:None