QCI Appoints New President, C.C. Leung

 1.Date of the board of directors resolution: 2007/08/24
2.Name and resume of the replaced chairman or president: Michael Wang
3.Name and resume of the new chairman or president: C. C. Leung
4.Reason for the change: Personal career planning
5.Effective date of the new appointment: 2007/08/24
6.Any other matters that need to be specified: None