UCBH Holdings, Inc. (UCBH), the holding company of United Commercial Bank (UCB), and China Minsheng Banking Corp., Ltd. have entered into an agreement for Minsheng to acquire an aggregate 9.9% ownership interest in UCBH, with a mutual option to increase the ownership to 20.0%. 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 with a primary focus on the Chinese markets that has a financial and strategic link to a leading banking institution in Mainland China. It has $10.65 billion in assets as of June 30, 2007. UCB, with headquarters in San Francisco, provides commercial banking services to small- and medium-sized businesses and professionals in a variety of industries, as well as consumer and private banking services to individuals.

Minsheng currently has $111.9 billion in assets, a market capitalization of $30.1 billion, 298 branches, and 1,370 ATMs throughout major cities in the wealthy coastal areas of China.

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