Sihwei Navigation Announces Subsidiary DONG LIEN's Fund Lending Under Public Company Financing Regulations

1. Date of Event: 115/07/06

2. Information on Recipient Companies of Fund Lending:

(1) Company Name: Sihwei Navigation Co., Ltd. (2) Relationship with Lending Entity: Sihwei is the parent company of DONG LIEN (3) Lending Limit (in thousand NTD): 13,283,095 (4) Previous Outstanding Balance (in thousand NTD): 1,703,975 (5) Amount of New Lending (in thousand NTD): 867,598 (6) Whether the Board authorized the Chairman to conduct multiple or revolving loans to the same recipient: Yes (7) Outstanding Balance as of Event Date (in thousand NTD): 2,571,573 (8) Reason for New Lending: Repayment of borrowings and working capital

(1) Company Name: VALOR PESCADORES S.A. PANAMA (2) Relationship with Lending Entity: VALOR is a subsidiary of DONG LIEN (3) Lending Limit (in thousand NTD): 13,283,095 (4) Previous Outstanding Balance (in thousand NTD): 238,875 (5) Amount of New Lending (in thousand NTD): 607,668 (6) Whether the Board authorized the Chairman to conduct multiple or revolving loans to the same recipient: Yes (7) Outstanding Balance as of Event Date (in thousand NTD): 846,543 (8) Reason for New Lending: Purchase of vessel equipment

3. Collateral Provided by Recipient Companies:

(1) Description: None (2) Value (in thousand NTD): 0

4. Latest Financial Statements of Recipient Companies:

(1) Capital (in thousand NTD): 4,046,337 (2) Accumulated Profits/Losses (in thousand NTD): 2,166,490

5. Interest Terms: Interest-free loan

6. Repayment Terms:

(1) Conditions: Not applicable (2) Date: Repayment due within one year

7. Total Outstanding Fund Lending as of Event Date (in thousand NTD): 4,954,670

8. Ratio of Outstanding Lending to Net Assets of the Public Company: 51.20%

9. Source of Lending Funds: Funds from the subsidiary itself

10. Other Matters to be Disclosed:

(1) The total amount of fund lending to Sihwei and VALOR is USD 107,000,000, converted into New Taiwan Dollars at an exchange rate of 31.945 for announcement purposes.

(2) The first new lending amount is USD 27,000,000 (8.91% of net assets); the second is USD 19,000,000 (6.27% of net assets).

(3) Detailed Fund Lending by DONG LIEN MARITIME S.A. PANAMA:

Unit: Thousand NTD

Recipient Company Name Financial Statement Capital Accumulated Profits/Losses -------------------- ----------------------- --------------------------- Sihwei 3,892,761 2,017,952 VALOR 153,576 148,538 ==================== =============== =========================== Total 4,046,337 2,166,490 ==================== =============== ===========================