Cathay Financial Announces Cathay Life Board Resolution to Lift Non-Compete Restrictions for Directors

1. Shareholders' Meeting Resolution Date: 115/06/29 2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Lee Chang-Keng / Vice Chairman (2) Tsai Tsung-Hsien / Director (3) Chu Chung-Chiang / Director (4) Yu Pei-Pei / Independent Director 3. Scope of Permitted Competitive Activities: Companies engaged in businesses identical or similar to Cathay Life's operations 4. Duration of Permitted Competitive Activities: During the period of serving as a director of Cathay Life 5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved as proposed by all attending directors except those with conflicts of interest 6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable 7. Company Name and Position Held in Such Mainland China-Based Business: Not Applicable 8. Address of Such Mainland China-Based Business: Not Applicable 9. Business Scope of Such Mainland China-Based Business: Not Applicable 10. Impact on Company's Financial and Business Operations: None 11. If Directors Have Invested in Such Mainland China-Based Business, Investment Amount and Shareholding Ratio: Not Applicable 12. Other Matters to Be Disclosed: None