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Company Introduction Brief History of HNFHC's Subsidiaries Chairman&President Credit Ratings Huanan Comercial Bank South China Insurance Huanan Investment Trust Corp Huanan Securities Co., Ltd. Huanan Venture Capital Co., Ltd Huanan Management & Consulting Co., Ltd Huanan Assets Management Co., Ltd

Credit Ratings     Credit Ratings of HNFHC and Subsidiaries: Rated Organization Rating Institution Long-term Debt Rating Short-term Debt Rating Outlook Hua Nan Financial Holdings Taiwan Ratings(2007/06) twA+ twA-1 Stable Hua Nan Commercial Bank Taiwan Ratings (2007/06) twAA- twA-1+ Stable Moody's (2008/01) A3 P1 Stable Fitch (2007/12) BBB+ F2 Stable Hua Nan Securities Taiwan Ratings (2007/06) twA+ twA-1 Stable Hua Nan Bills Finance Fitch IBCA(2007/12) A(twn) F1(twn) Stable South China Insurance Taiwan Ratings (2007/11) twAA- -  Stable AM Best (2008/02) A- -  Stable

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