Cathay Financial Holding Company announces the 16th directors and supervisors of Cathay Life Insurance Co., Ltd.

2008-04-29

1.Date of occurrence of the change:2008/04/29 2.Name and resume of the replaced person: (1)Directors： Hong-tu Tsai：Chairman of Cathay Financial Holding Co., Ltd., Cheng-ta Tsai：Managing Director of Cathay Life Insurance Co., Ltd., Cheng-chiu Tsai：Chairman of Cathay Century Insurance Co., Ltd., Tiao-kuei Huang：Has been served as the President of Cathay Financial Holding Co., Ltd., Fa-te Chang：President of Cathay Life Insurance Co., Ltd., Ming-ho Hsiung：President of Cathay Life Insurance Co., Ltd., Tsong-han Tsai：Vice President of Tung Chi Capital Co., Ltd Tsong-lian Tsai：Vice President of Liang Ting Industrial Co., Ltd Chang-ken Lee：Chief Strategy Officer of Cathay Financial Holding Co., Ltd., Chung-yuan Chu：Chairman of May Foong Woolen & Worsted Textile Mill Co., Ltd., Chin-lin Hsu：Chairman of Fu Jun Enterprise Inc. Wei-ming Lu：Chairman of Seng Hong Co., Ltd., (2)Supervisors： Wan-te Tsai：Chairman of An Teh Development Co., Ltd, Kai-mou Chen：Vice Chairman of Cathay Hospital Jyh-ming Lin：Vice Dean of Cathay Hospital 3.Name and resume of the replacement: (1)Directors： Hong-tu Tsai：Chairman of Cathay Financial Holding Co., Ltd., Cheng-ta Tsai：Managing Director of Cathay Life Insurance Co., Ltd., Cheng-chiu Tsai：Chairman of Cathay Century Insurance Co., Ltd., Fa-te Chang：President of Cathay Life Insurance Co., Ltd., Ming-ho Hsiung：President of Cathay Life Insurance Co., Ltd., Tsong-han Tsai：Vice President of Tung Chi Capital Co., Ltd Tsong-lian Tsai：Vice President of Liang Ting Industrial Co., Ltd Chang-ken Lee：Chief Strategy Officer of Cathay Financial Holding Co., Ltd., Han-chang Tsai：Vice President of Cathay Life Insurance Co., Ltd., Chung-yuan Chu：Chairman of May Foong Woolen & Worsted Textile Mill Co., Ltd., Chin-lin Hsu：Chairman of Fu Jun Enterprise Inc. Wei-ming Lu：Chairman of Seng Hong Co., Ltd., Min-Houng Hong(Independent Director)：Independent Director of Cathay Financial Holding Co., Ltd., Tsing-Yuan Hwang(Independent Director)：Independent Director of Cathay Financial Holding Co., Ltd., Andrew Ming-Jian Kuo(Independent Director)：Independent Director of Cathay Financial Holding Co., Ltd., (2)Supervisors： Wan-te Tsai：Chairman of An Teh Development Co., Ltd, Kai-mou Chen：Vice Chairman of Cathay Hospital Jyh-ming Lin：Vice Dean of Cathay Hospital 4.Reason for the change:Re-designated by Cathay Financial Holding Company. 5.Number of shares held by the new director or supervisor at the time of appointment:5,068,615,765 shares 6.Original term (from __________ to __________):2005/05/18~2008/05/18 7.Effective date of the new appointment:2008/05/19~2011/05/18 8.Rate of turnover of directors/supervisors of the same term:N/A 9.Any other matters that need to be specified:None.