Cathay Financial Holding Co., Ltd. announced change of Corporate Governance and Nomination Committee's member. Name and resume of the replaced member: Member, Tsing-Yuan Hwang /Director, Hon Hai Precision Industry Co., Ltd. Name and resume of the new member: Member, Li-Ling Wang /Former Vice President, National Chengchi University /Former Chairman, Financial Supervisory Commission Republic of China (Taiwan) /Professor, National Chengchi University Department of Risk Management and Insurance. Effective date of the new member is June 14, 2019.
Cathay Financial Holding Co Ltd is a Taiwan-based financial holding company principally engaged in the investment and the management of investment business. The Company operates through five business segments. The Banking Business segment is mainly engaged in the banking, foreign exchange, guarantee, foreign exchange investment, trust and offshore financial businesses. The Life Insurance Business segment is principally engaged in the sales of traditional, investment and interest rate variable annuities and various insurance products, as well as provision of financial planning services. The Property Insurance Business segment is mainly engaged in the fire insurance, marine insurance, land and air insurance, guarantee insurance and reinsurance. The Securities Business segment is mainly engaged in the securities brokerage, self-employed and underwriting businesses, as well as provision of related financial services. The Others segment is mainly engaged in other assets and others.