On behalf of our subsidiary Cathay United Bank, we announce BOD meeting as shareholders' meeting resolved to release directors from non-competition restrictions.

2008-03-19

1.Date of the shareholders' meeting resolution:2008/03/19 2.Name and title of the director with permission to engage in competitive conduct: Tsu Pei Chen/Director Andrew Ming-Jian Kuo/Independent Director 3.Items of competitive conduct in which the director is permitted to engage: To engage in business that is within or similar to the business scope of Cathay United Bank 4.Period of permission to engage in the competitive conduct:Within period serving as director of Cathay United Bank. 5.Circumstances of the resolution (please describe the results of the voting under Article 209 of the Company Act):All directors passed the resolution. 6.If the permitted competitive conduct is business of a mainland China area enterprise, the name and title of the director (if it is not business of a mainland China area enterprise, please enter ”not applicable” below): not applicable 7.Company name of the mainland China area enterprise and the director's position in the enterprise:not applicable 8.Address of the mainland China area enterprise:not applicable 9.Business items of the mainland China area enterprise:not applicable 10.Degree of effect on the Company's finances and business:None 11.If the director has invested in the mainland China area enterprise, the monetary amount of the director's investment and the director's shareholding ratio:not applicable 12.Any other matters that need to be specified:None