Minsheng

1. Real opportunities for UCBH?

What does the acquisition can give to UCBH?

Pursuant to the terms of the agreement and subject to regulatory approvals, Minsheng will acquire 9.9% of UCBH in two phases. In the first phase, which is anticipated to close in the fourth quarter of 2007, UCBH will issue approximately 5.4 million shares of its common stock to Minsheng at a price of $17.79, representing the 90-day average UCBH closing price as of the close on September 28, 2007. Following the share issuance, Minsheng will own 4.9% of UCBH. This share issuance will fully satisfy the equity funding Equity funding

An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. needs for UCBH's pending acquisition in China, which was announced in March 2007 and which we anticipate closing in the fourth quarter of 2007.

In the second phase, which is anticipated to close in 2008, Minsheng will increase its ownership to 9.9% through, at the discretion of UCBH, a combination of the purchase of secondary shares and/or the issuance of primary shares. Any primary shares will be issued at a premium of up to 5.0% above the previous 90-day average UCBH closing price.

By June 30, 2009, conditioned upon mutual agreement and regulatory approvals, Minsheng may increase its share ownership to 20.0% through, at the discretion of UCBH, a combination of the purchase of secondary shares and/or the issuance of primary shares. Any primary shares will be issued at a premium of up to 15.0% above the previous 90-day average UCBH closing price.

Historically significant, this transaction marks the first Mainland Chinese bank to successfully make a strategic investment in a U.S. bank. UCBH will be the only bank in the United States United States, officially United States of America, republic (2005 est. pop....