The announcement of the change of the directors and supervisors of Cathay United Bank, subsidiary of the company.

2004-06-03

1.Date of occurrence of the change:2004/06/03 2.Name and resume of the replaced person: title name resume Chairman Gregory K. H. Wang Chairman, Cathay United bank Vice Chairman Roger Lee Vice Chairman,Cathay United Bank Managing Director C. C. Tung Chief Executive Officer & President, Cathay Financial Holdings Managing Director Loi Hoc Kim President, Hai Hwa Construction Group Managing Director Chung Tiong Tay Chairman, Philippine Communication Bank Managing Director Roger H.L.Wu Chief Executive Officer & President, Cathay United bank Director Betty Lee Director, Ambassador Hotel Director Chan Boon Teong Chairman, Coastal Realty Group Ltd. Director Antonio Roxas Chua Chairman, Jr. The Pacific Development Co. Director Kao-Chen Chuang General Manager, Credit Department Bank of Taiwan Director William C. W. Huang Chairman, Tai Long Industrial Co. Director Chiu Teng Hu President, Cathay Life Insurance Co. Director J. H. Chen Chief Operating Officer, Cathay United Bank Director Grace Chen Chief Financial Officer, Cathay United Bank Director Tsu Pei Chen Chief SEVP–Corporate Banking, Cathay United Bank Director Shihchen Joseph Jao Chief SEVP–Individual Banking, Cathay United Bank Director Daniel Tung Senior Executive Vice President, Cathay United Bank Director Chang-Ken Lee Executive Vice President, Cathay Financial Holdings Director Wen-Nan Yeh President, Seaward Leasing Limited Director I-Cheng Liu Executive Vice President, Cathay Financial Holdings Resident Supervisor Chi-Hsiung Chen Executive Vice President, Chung Hwa Post Co.Ltd. Supervisor Wang Shih Ching Senior Vice President, First Commercial Bank Supervisor Feng-Jung Tu Vice Chairman, Cathay Life Insurance Co. Supervisor Eusebio T. Chua Managing Director, The Overseas Chinese Bank 3.Name and resume of the replacement: title name resume Chairman Gregory K. H. Wang Chairman, Cathay United bank Vice Chairman Roger Lee Vice Chairman,Cathay United Bank Managing Director Loi Hoc Kim President, Hai Hwa Construction Group Managing Director Roger H.L.Wu Chief Executive Officer & President, Cathay United bank Managing Director Shing-Shiang Ou Chief Economist, Economic Research Department, Bank of Taiwan Director C. C. Tung President,Cathay Financial Holdings Director William C. W. Huang Chairman, Tai Long Industrial Co. Director Chung Tiong Tay Chairman, Philippine Communication Bank Director Betty Lee Director, Ambassador Hotel Director Chan Boon Teong Chairman, Coastal Realty Group Ltd. Director J. H. Chen Chief Operating Officer, Cathay United Bank Director Grace Chen Chief Financial Officer, Cathay United Bank Director Tsu Pei Chen Chief SEVP–Corporate Banking, Cathay United Bank Director Shihchen Joseph Jao Chief SEVP–Individual Banking, Cathay United Bank Director Daniel Tung Senior Executive Vice President, Cathay United Bank Resident Supervisor Feng-Jung Tu Vice Chairman, Cathay Life Insurance Co. Supervisor Chi-Hsiung Chen Executive Vice President, Chung Hwa Post Co.Ltd. Supervisor L. C. Huang Sr. Executive Vice President, Cathay Century Insurance Co. 4.Reason for the change:The reappointment of the 11th board directors and supervisors. 5.Number of shares held by the new director or supervisor at the time of appointment: title name Number of shares held Chairman Chairman Gregory K. H. Wang 4,318,240,663 Vice Chairman Roger Lee 4,318,240,663 Managing Director Loi Hoc Kim 4,318,240,663 Managing Director Roger H.L.Wu 4,318,240,663 Managing Director Shing-Shiang Ou 4,318,240,663 Director C. C. Tung 4,318,240,663 Director William C. W. Huang 4,318,240,663 Director Chung Tiong Tay 4,318,240,663 Director Betty Lee 4,318,240,663 Director Chan Boon Teong 4,318,240,663 Director J. H. Chen 4,318,240,663 Director Grace Chen 4,318,240,663 Director Tsu Pei Chen 4,318,240,663 Director Shihchen Joseph Jao 4,318,240,663 Director Daniel Tung 4,318,240,663 Resident Supervisor Feng-Jung Tu 4,318,240,663 Supervisor Chi-Hsiung Chen 4,318,240,663 Supervisor L. C. Huang 4,318,240,663 6.Original term (From __________ to __________):2002/12/18~2004/05/21 7.Effective date of the new appointment:2004/06/03~2007/06/02 8.Rate of change of directors/supervisors of the same term:N. A. 9.Any other matters that need to be specified:None