To announce on behalf of Cathay United Bank on the business transcation of securities brokerage business to Cathay Securities Corp.

2004-04-23

1.Date of occurrence of the event:2004/04/23 2.Name and nature of the subject matter:Securities brokerage business and equipments for business. 3.Transaction price:to sell the business, assets and liabilities of Cathay United Bank's securities brokerage business to Cathay Securities Corp. at book value. 4.Counterparty to the transaction:Cathay Securities Corp. 5.Relationship to the Company:a subsidiary of the same Financial Holding Co.,Ltd. 6.Projected profit or loss on the assignment:to sell the business, assets and liabilities of Cathay United Bank's secutities brokerage business to Cathay Securities Corp. at book value. 7.Price appraisal institution and price:DINKUM & CO., CPAs .the transaction price is based upon the book presented value. 8.Cause of any significant discrepancy with the monetary amount of the transaction and CPA's opinion:None 9.Monetary amount of the assigned business or assets; their share of net fixed assets; their share of net fixed assets and total assets:None 10.Broker and broker's fee:None 11.Concrete objective or purpose of the assignment:For the purpose of utilizing the benefits of integrating the business operations of a financial holding company. 12.Course and progression of relevant decision-making:Board of directors resolution 13.Projected effect on Company finances and business:None 14.Any other matters that need to be specified:None