June 23, 2004 Translation: Please note that the following purports to be an accurate translation of the original Chinese version prepared for the convenience of investors outside Taiwan. However, in the case of any discrepancy between the translation and the Chinese original, the latter should prevail.

Convening Notice of the 2004 Annual General Shareholders' Meeting of Yuanta Core Pacific Securities

We are pleased to inform you that the 2004 Annual General Shareholders' Meeting of Yuanta Core Pacific Securities (the “company”) will be held as described below.Your presence at the Meeting is cordially requested. 

Date: Wednesday, June 23, 2004
Time: 9:00am
Location: Ren Ai Road, Section 3, No. 145, TaipeiCity. Taiwan
Agenda of June 23, 2004:

Report Items
Business Report for the year ended 2003.
Supervisors' Review Report
Transferring of the company from OTC to TAIEX

Discussion Items
Proposal for distribution of 2003 profits.
Appropriation of 2003 net income and employee bonus.
Merger with Asia Securities

Proposed Resolutions

1. Distribution of 2003 Profits
   
   
   • Utilizing the total number of shares outstanding as of February 29, 2004, each shareholder shall be entitled to receive a stock dividend of 81 shares and NT$580 cash dividends for each 1000 shares held by such shareholder.
     
     
   • If before the declared payout date, Yuanta repurchases its shares, transfers or converts its treasury bills, cancels or transfers its bonds or issues new shares from the merger with Asia Securities, stock and cash dividends shall adjust according to the total number of share outstanding as of that date and at the discretion of the board of directors.
     
     
2. To enrich our operations fund and improve our capital structure, proposed 2003 profit distribution of NT$2,034,343,290 shall be appropriated for new issues totaling 203,434,329 shares.
   
   
   • After the issuance of new shares is approved by regulatory authority, the Board of Directors of Yuanta Core Pacific shall determine a record date.
     
     
   • The shareholders' rights and obligations of the new shares are the same as those of the existing shares.
     
     
3. To encourage employees, half of the employee profit sharing of NT$61,911,070 shall be converted to the issuance of 6,191,107 new shares.
   
   
   • The shareholders' rights and obligations of the new shares are the same as those of the existing shares.
     
     
4. To expand Yuanta Core Pacific Securities' business scope and advance its performance and competitiveness, Yuanta Core Pacific Securities merged with Asia Securities.
   

Through careful assessments of (a) EPS (b) profitability and (c) each company's current status and their future potentials, it was mutually agreed upon to swap 2.3 shares of Asia Securities for 1 share of Yuanta Core Pacific Securities.