Cathay General Bancorp elected two new members, Ann Yee Kono and Elizabeth Woo, to the Board of Directors of the Company at the Company Annual Stockholder?s Meeting on May 13, 2024, and the Bank?s Board of Directors meeting held yesterday. Ann Yee Kono is the founder and Chief Executive Officer of Leda Advisory Group. Prior to Leda, among her many accolades, Ms. Kono spent 11 years at Ares Management Corporation, where she held the position of Chief Information and Risk Officer and oversaw Ares?

operational, investment, and enterprise risks. Prior to that role, Ms. Kono also held the positions of Chief Technology Officer and Head of Operations at Ares. Ms. Kono has over 25 years of experience in the finance industry focused on operational scale and digital transformation and holds a Master of Business Administration degree in Finance.

Elizabeth Woo is a Lecturer of Accounting at the University of California, Los Angeles (UCLA). Ms. Woo spent over 20 years in the accounting and financial services sector and has accumulated extensive business, accounting, and auditing acumen from her tenure at public accounting firms. Prior to her academic endeavors, Ms. Woo previously served as the Head of Audit Methodology and Managing Director at Crowe, LLP and was a Senior Manager in the National Assurance Office of BDO, LLP. Ms. Woo holds a Master of Business Administration degree and is a Certified Public Accountant.