Cathay Financial Announces Removal of Directors at Subsidiary Cathay Asset Management

1. Date of Change: 115/07/07 2. Category of Appointment or Change (Corporate Director, Corporate Supervisor, Independent Director, Individual Director, or Individual Supervisor): Corporate Director 3. Former Position and Name: (1) Director: Chang Yung-Chuan (2) Director: Tsai Yi-Fang 4. Former Director's Background: (1) Director: Chang Yung-Chuan / General Manager of Cathay Asset Management (2) Director: Tsai Yi-Fang / Senior Deputy General Manager of Cathay Asset Management 5. New Appointee's Position and Name: None 6. New Appointee's Background: None 7. Nature of Change (Please enter 'Resignation', 'Removal', 'End of Term', 'Death', or 'New Appointment'): Removal 8. Reason for Change: Removal 9. Number of Shares Held by New Appointee at Time of Election: 150,000,000 shares 10. Original Term (e.g., xx/xx/xx ~ xx/xx/xx): 112/07/18 to 115/07/17 11. Effective Date of New Appointment: None 12. Turnover Rate of Directors During Same Term: 50% 13. Turnover Rate of Independent Directors During Same Term: Not Applicable 14. Turnover Rate of Supervisors During Same Term: None 15. Is the Change Involving One-Third or More of the Directors (Please enter Yes or No): Yes 16. Other Matters to be Clarified (If the Entity is a Publicly Issued Company or Above, This Material Information Also Meets the Criteria under Article 7, Paragraph 6 of the Enforcement Rules of the Securities Trading Act Regarding Matters Significantly Affecting Shareholder Rights or Securities Prices): None Keyword: Material Information