(June 26, 2002, Taipei) SinoPac Holdings (TSE 2890) held its first extra ordinary shareholders’ meeting this morning at the Ambassador Hotel in Taipei. Two major initiatives were passed - one to apply the single-brand marketing strategy, and another to appropriate stock dividends for existing shareholders.

The decision was made, in accordance with laws governing financial holding companies, that SinoPac Holdings would appropriate NT$2,097,744,870 from the reserved capital of its subsidiaries as stock dividends to be issued to its existing shareholders 60.93 shares per 1,000 shares. Several other proposals were passed during the meeting, including a proposal to rename Bank SinoPac and National Securities.