Announced by Cathay Financial Holdings, on behalf of Cathay Century Insurance Co. Ltd., is the change of internal audit officer

2007-11-20

1.Type of personnel changed (please enter: spokesperson, acting spokesperson, financial officer, accounting officer, research and development officer, or internal audit officer):internal audit officer 2.Date of occurrence of the change:2007/11/20 3.Name, title, and resume of the replaced person: W.Y.Hung(Chief Auditor of Cathay Century Insurance Co.) 4.Name, title, and resume of the replacement: Chih-I Yu(Senior Vice President of Cathay Life Insurance Co.) 5.Reason for the change:Retirement 6.Effective date:The assignment will be effective after approval from FSC 7.Contact telephone number of the replacement:(02)27551299 8.Any other matters that need to be specified:no