Cathay Life and Cathay Century Insurance received permission from CIRC for preparation of establishing a p&c insurance company in Mainland China.

2007-10-12

1.Date of occurrence of the event:2007/10/12 2.Company name:Cathay Century Insurance Company 3.Relationship to the Company (please enter ”head office” or ”affiliate company”):affiliate company 4.Reciprocal shareholding ratios:100% 5.Cause of occurrence:Chthay Life Insurance Company and Cathay Century Insurance Company received permission from the China Insurance Regulatory Commission for the preparation of establishing a property insurance company. 6.Countermeasures:NA 7.Any other matters that need to be specified:the execution of the project is subject to the approval of the applicable regulatory authorities.