The announcement of resignation of Mr. Y.F.Wu, designated board director of our subsidiary of Cathay Century Insurance Co.

2007-07-31

1.Date of occurrence of the change:2007/07/31 2.Name and resume of the replaced person:Y.F.Wu (President of Cathay Century Insurance Co.) 3.Name and resume of the replacement:none 4.Reason for the change:retirement 5.Number of shares held by the new director or supervisor at the time of appointment:none 6.Original term (from __________ to __________):2005/06/27~2008/06/26 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