2882 Cathay Financial: Announcement of Director Removal at Subsidiary Cathay Asset Management

Release Date: July 8, 115 Statement Date: July 7, 115 Statement Time: 20:07 Company Code: 2882 Company Name: Cathay Financial Subject: Announcement on behalf of subsidiary Cathay Asset Management regarding director resignation Applicable Clause: Clause 6 Factual Event Date: July 7, 115

Details: 1. Date of Change: 115/07/07 2. Category of Appointed or Changed Personnel (please enter Corporate Director, Corporate Supervisor, Independent Director, Natural Person Director, or Natural Person Supervisor): Corporate Director 3. Former Personnel Titles and Names: (1) Director: Zhang Yong-Chuan (2) Director: Cai Yi-Fang 4. Former Personnel Resumes: (1) Director: Zhang Yong-Chuan / General Manager, Cathay Asset Management (2) Director: Cai Yi-Fang / Senior Vice President, Cathay Asset Management 5. New Appointee Titles and Names: None 6. New Appointee Resume: 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 Appointment: 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 Within Same Term: 50% 13. Turnover Rate of Independent Directors Within Same Term: Not Applicable 14. Turnover Rate of Supervisors Within Same Term: None 15. Is the Change Involving One-Third or More of Directors (please enter Yes or No): Yes 16. Other Matters to be Clarified (if the subject is a publicly issued company or above, this major information simultaneously meets the criteria under Article 7, Paragraph 6 of the Enforcement Rules of the Securities and Exchange Act regarding matters significantly affecting shareholder rights or securities prices): None