2882 Cathay Financial Holding: Board Resolution on Director Non-Compete Waiver for Cathay United Bank

Release Date: 1150717 Statement Date: 1150716 Statement Time: 171407 Company Code: 2882 Company Name: Cathay Financial Holding Subject: Announcement on behalf of subsidiary Cathay United Commercial Bank regarding board resolution (exercising shareholders' meeting authority) approving the lifting of directors' non-compete restrictions. Applicable Clause: Clause 21 Factual Date: 1150716 Explanation: 1. Shareholders' meeting resolution date: 115/07/16 2. Names and titles of directors permitted to engage in competitive activities: Deng Chong-Yi / Executive Director Tsai Hsiang-Hsin / Director 3. Permitted competitive activities: Companies with business scopes identical or similar to Cathay United Commercial Bank 4. Duration of permitted competitive activities: During the tenure as director of Cathay United Commercial Bank 5. Resolution outcome (voting results as per Article 209 of the Company Act): Excluding directors with conflicts of interest, all other attending directors approved the motion. 6. Names and titles of directors engaging in competitive activities related to mainland China enterprises (enter "Not Applicable" if not applicable): Not Applicable 7. Name and position held in such mainland China enterprise: Not Applicable 8. Address of such mainland China enterprise: Not Applicable 9. Business scope of such mainland China enterprise: Not Applicable 10. Impact on company's financial and business operations: None 11. If directors have invested in such mainland China enterprise, investment amount and shareholding ratio: Not Applicable 12. Other matters to be disclosed: None