Announcement the change of the President of Cathay Century Insurance Co.

2007-08-01

1.Date of the board of directors resolution:2007/07/31 2.Name and resume of the replaced chairman or president:Y.F.Wu (President of Cathay Century Insurance Co.) 3.Name and resume of the new chairman or president:Did not appointed 4.Reason for the change:The replaced president retired 5.Effective date of the new appointment:N/A 6.Any other matters that need to be specified:The board of directors has not opened, at present this duty is left vacant for the time being, the company waits the board of directors through to announce again.