On behalf of our subsidiary Cathay Life Insurance we announce BOD meeting as shareholders' meeting resolvedto release directors from non-competition restrictions.
2008-05-19
1.Date of the shareholders' meeting resolution:2008/05/19
2.Name and title of the director with permission to engage in competitive
conduct:
(1)Hong-tu Tsai/Director
(2)Cheng-ta Tsai/Director
(3)Fa-te Chang/Director
(4)Ming-ho Hsiung/Director
(5)Min-Houng Hong/Independent Director
(6)Tsing-Yuan Hwang/Independent Director
(7)Ming-Jian Kuo/Independent Director
(8)Cheng-chiu Tsai/Director
(9)Chang-ken Lee/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 Life Insurance.
4.Period of permission to engage in the competitive conduct:
Within period serving as director of Cathay Life Insurance.
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):
Chang-ken Lee/Director
7.Company name of the mainland China area enterprise and the director's
position in the enterprise:Cathay Life Insurance Limited./Director
8.Address of the mainland China area enterprise:32F, Jin Mao Tower,
88 Century Boulevard Pudong New Area, Shanghai 200121, China
9.Business items of the mainland China area enterprise:
(1)Life Insurance, Health Insurance and Casualty Insurance.
(2)The reinsurance of above business.
(3)Exception of the decretory insurance business.
10.Degree of effect on the Company's finances and business:
Cathay Life Insurance Limited. is Cathaylife's 50% owned subsidiary
and will recognize investment P/L by Long-term Investments.
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
