October 2, 2007, Taipei, Taiwan !V The Board of Directors of China Airlines today voted unanimously to appoint Mr. Ringo Chao Kuo-Shui as Chairman and President of the company, effective immediately after the appointment and a handover ceremony was held.

At the ceremony, Mr. Chao gave a speech offering special thanks to Mr. Philip Hsing-Hsiung Wei, the former Chairman, for his lifetime contributions to the company. !§As the national flag carrier of Taiwan, and with a global network, China Airlines presents Taiwan!|s diligent working spirit to the world,!‥ Mr. Chao said. !§We will all strive to hold ourselves accountable to our core values of flight safety, service, innovation and discipline, and we will work to make Taiwan proud of China Airlines.!‥

In his speech, Mr. Chao pointed out areas that need further improvement. !§Apart from the rapid progress we have made over the past few years, CAL needs to further enhance its flight safety,!‥ he said. !§China Airlines!| Flight Operations team has been working successfully to improve its safety performance and standards, and its pilots are now highly regarded in terms of professionalism and discipline.!‥

!§I urge our Maintenance team to achieve the same level of progress as our Flight Operations team, and to reach the highest standards of flight safety,!‥ Mr. Chao continued. In his speech, he emphasized his expectations, and acknowledged his responsibility in leading CAL!|s continuing reorganization of company culture and human resources.

Mr. Ringo Chao was born in 1956, and he graduated from Chinese Culture University with a Bachelor!|s Degree in English, and is presently studying for an Executive MBA degree at National Chengchi University. In Mr. Chao!|s long airline career, he has served as President of China Airlines and Mandarin Airlines, General Manager of EVA Air!|s Europe Branch, and General Manager of EVA Air!|s Thailand and San Francisco branches. Mr. Chao has also served as Vice President of Taiwan Television Enterprise.