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Grand Cathay Securities Investment Trust officially becomes 100%
owned subsidiary of SinoPac Financial Holdings

(July 18, 2007, Taipei) SinoPac Holdings' 2007 sharehoders' meeting approved the investment in Grand Cathay Securities Investment Trust. The acquisition of Grand Cathay Securities Investment Trust's shares has been completed on 18 July, 2007, thereafter, Grand Cathay Securities Investment Trust has officially become 100% subsidiary of SinoPac Holdings.

Grand Cathay Securities Investment Trust was founded in December, 1997 with an aim to provide professional, stable and trustworthy services ranging from public equity, private equity, and discretionary account service. The performance of mutual funds under its management won the Best Fund Awards for several consecutive years. As for its discretionary account service business, not only its number of clients is ranked number one among its competitors, it won the mandate of the three government owned funds, whilst its return on investment is highly recognized.

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