Announcement of the new president of the company

2008-02-20

1.Date of occurrence of the event:2008/02/20 2.Company name:Cathay Financial Holdings Co., Ltd. 3.Relationship to the Company (please enter ”head office” or ”affiliate company”):head office 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence:On 2008/2/19, the FSC has approved Mr. Tsu-pei Chen to be the president of Cathay Financial Holdings. 6.Countermeasures:None 7.Any other matters that need to be specified:None