Cathay Financial Holding Announces 12th Board of Directors and Supervisors for Subsidiary Cathay Insurance

1. Date of Change: 115/06/12

2. Category of Appointed or Changed Personnel (Corporate Director, Corporate Supervisor, Independent Director, Individual Director, or Individual Supervisor): Corporate Director, Corporate Supervisor, Independent Director

3. Previous Position and Name: (1) Corporate Director / Tsai Chen-Chiu (2) Corporate Director / Chang Fa-Teh (3) Corporate Director / Lu Tsu-Yao (4) Corporate Director / Yu Chih-I (5) Corporate Director / Tsai Tsung-Hsien (6) Corporate Director / Chen Wan-Hsiang (7) Corporate Director / Hsu Chia-Yuan (8) Independent Director / Wu Tang-Chieh (9) Independent Director / Yu Pei-Pei (10) Corporate Supervisor / Liu Chin-Hsing (11) Corporate Supervisor / Hsu Tso-Hsing

4. Previous Resume: (1) Corporate Director / Tsai Chen-Chiu / Chairman of Cathay Insurance (2) Corporate Director / Chang Fa-Teh / Advisor of Cathay Life Insurance (3) Corporate Director / Lu Tsu-Yao / Chairman of Lanyi Investment Co., Ltd. (4) Corporate Director / Yu Chih-I / Chairman of Tung Chi Industrial Co., Ltd. (5) Corporate Director / Tsai Tsung-Hsien / Director of Cathay United Bank (6) Corporate Director / Chen Wan-Hsiang / General Manager of Cathay Insurance (7) Corporate Director / Hsu Chia-Yuan / Senior Vice President of Cathay Insurance (8) Independent Director / Wu Tang-Chieh / Independent Director of Cathay Financial Holding (9) Independent Director / Yu Pei-Pei / Independent Director of Cathay Financial Holding (10) Corporate Supervisor / Liu Chin-Hsing / Supervisor of Cathay Insurance (11) Corporate Supervisor / Hsu Tso-Hsing / Supervisor of Cathay Insurance

5. New Position and Name: (1) Corporate Director / Tsai Chen-Chiu (2) Corporate Director / Chang Fa-Teh (3) Corporate Director / Lu Tsu-Yao (4) Corporate Director / Chen Wan-Hsiang (5) Corporate Director / Chen Chin-Chou (6) Corporate Director / Hsu Chia-Yuan (7) Corporate Director / Chen Chin-Jung (8) Independent Director / Yu Pei-Pei (9) Independent Director / Kuo Cheng-Hung (10) Supervisor / Liu Chin-Hsing (11) Supervisor / Hsu Tso-Hsing

6. New Resume: (1) Corporate Director / Tsai Chen-Chiu / Chairman of Cathay Insurance (2) Corporate Director / Chang Fa-Teh / Advisor of Cathay Life Insurance (3) Corporate Director / Lu Tsu-Yao / Chairman of Lanyi Investment Co., Ltd. (4) Corporate Director / Chen Wan-Hsiang / General Manager of Cathay Insurance (5) Corporate Director / Chen Chin-Chou / Senior Vice President of Cathay Insurance (6) Corporate Director / Hsu Chia-Yuan / Senior Vice President of Cathay Insurance (7) Corporate Director / Chen Chin-Jung / Senior Vice President of Cathay Insurance (8) Independent Director / Yu Pei-Pei / Independent Director of Cathay Financial Holding (9) Independent Director / Kuo Cheng-Hung / Independent Director of Cathay Financial Holding (10) Supervisor / Liu Chin-Hsing / Supervisor of Cathay Insurance (11) Supervisor / Hsu Tso-Hsing / Supervisor of Cathay Insurance

7. Change Status (please enter 'Resignation', 'Dismissal', 'End of Term', 'Deceased', or 'New Appointment'): End of Term

8. Reason for Change: Reappointment for the 12th Board of Directors and Supervisors

9. Number of Shares Held by New Appointees at Time of Election: Not Applicable

10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 112/06/09 to 115/06/08

11. Effective Date of New Appointment: 115/06/12

12. Turnover Rate of Directors in Same Term: Not Applicable

13. Turnover Rate of Independent Directors in Same Term: Not Applicable

14. Turnover Rate of Supervisors in Same Term: Not Applicable

15. Is the Change Involving One-Third or More of the Directors (Yes or No): No

16. Other Matters to be Disclosed (if the subject is a publicly issued company or above, this major information also meets the criteria under Article 7, Paragraph 6 of the Enforcement Rules of the Securities Trading Act regarding matters having significant impact on shareholders' rights or securities prices): None