On behalf of subsidiary Cathay Venture Capital Inc to announce that special shareholder's meeting resolved to release directors from non-competition restriction.

2008-04-09

1.Date of the shareholders' meeting resolution:2008/04/09 2.Name and title of the director with permission to engage in competitive conduct:Shun-yu Chuang/director,Chuan-Yen Hu/director 3.Items of competitive conduct in which the director is permitted to engage: To engage in business that are within or similar to the business scope of Cathay Venture Capital Inc. 4.Period of permission to engage in the competitive conduct: Within period serving as director of Cathay Venture Capital Inc. 5.Circumstances of the resolution (please describe the results of the voting under Article 209 of the Company Act):Unanimous approval from all presented shareholders at the special shareholder's meeting upon Chairman's inquiry. 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:None 12.Any other matters that need to be specified:None