The announcement of resignation of Mr. Young-jann Lee, designated board director of our subsidiary of Cathay Life Insurance

2007-03-01

1.Date of occurrence of the change:2007/03/01 2.Name and resume of the replaced person:Young-jann Lee, Cathay Life Insurance Executive Vice President 3.Name and resume of the replacement:None 4.Reason for the change:The change of position 5.Number of shares held by the new director or supervisor at the time of appointment:None 6.Original term (from __________ to __________):2005/05/18~2008/05/17 7.Effective date of the new appointment:None 8.Rate of turnover of directors/supervisors of the same term:N/A 9.Any other matters that need to be specified:None