Company code:1102 No:7 Subject: Major resolutions of the 3rd meeting of the 23rd term @of the BOD of ACC To which item it meets--article 2 paragraph xx:49 Date of events:2008/12/23 Contents: 1.Date of occurrence of the event:2008/12/23 2.Company name:Asia Cement Corporation. 3.Relationship to the Company (please enter "head office" or "affiliate company"):Head office. 4.Reciprocal shareholding ratios:Not applicable. 5.Cause of occurrence:1.In order to strengthen the financial structure and @supplement midium and long term operation fund, the Company will issue @2009 year(unsecured)ordinary corporate bond in once or separately, @the total amount not exceeding NT$5 billion. @2.The Company's subsidiary, Asia Investment Corp., @will increase capital by cash.The Company will take up @the amount not exceeding NT$500 million. @3.Far Eastern International Bank will raise common stock to @increase capital. The Company will participate in this raising activity @and the subscription amount will reach NT$111 million. 6.Countermeasures: The above three proposals have obtained the @unanimous consent of all present directors, who entitle @Chairman or his appointed agent to manage relevant businesses. @Based on interest avoidance principle, @Director Douglas Tong Hsu was absent when directors were voting on @second and third proposals. 7.Any other matters that need to be specified: none.