(June 9, 2006, Taipei) SinoPac Holdings（2890）held its 2006 shareholders' meeting today; the meeting approved to change the Company's Chinese name to "Yuen-Foong." The two words depict ever-lasting business, prosper growth; "Yuen-Foong" also has an international interpretation, "Yuen" is "sustainability", while "Foong" is "prosperity", and the two abbreviations coincide with SinoPac, the English name of the Company. Moreover, the new name signifies that after the merger of SinoPac Holdings and International Bank of Taipei, the new financial holding company will head towards a sustainable and prosperous goal, and grow in the Asia Pacific financial sector.

Today's shareholder's meeting also agreed on 2005 dividend allocation plan, releasing NT$0.7053 cash dividend per share.