Kuo Hua Life selects CCK’s Guava Risk.

Perth - 3 May 2009

CCK Financial Solutions Ltd (CCK), a leading provider of treasury and capital market solutions, today announced it has signed a contract with APFC Ltd in Taiwan, for the implementation of Guava Risk, CCK’s risk management system, at Kuo Hua Life Insurance (Kuo Hua Life).

APFC is the premier consultancy in Taiwan in the area of risk management, and has a high proportion of the banks in Taiwan as its clients. Kuo Hua Life is a forward-looking Taiwan insurance company that recognizes the important role of technology in managing its business. Over the past 45 years of its history, the company has turned to technology to serve its needs in operating an efficient business. Mr. William Yang, Senior Director of Partner Relations, said “APFC is impressed with the functionality of Guava Risk, as well as the record of CCK in completing projects in a short period. APFC evaluated the risk management systems in the market, and selected Guava as being the best fit for Kuo Hua Life. APFC will be managing the project for Kuo Hua Life, as well as providing consulting to assist Kuo Hua Life in implementing world class risk management practices. We look forward to a mutually rewarding relationship with the team at CCK.”

Mr Joseph Wong, Managing Director, CCK said, “We are delighted that Kuo Hua Life has selected Guava for its risk management activities. This is CCK’s first client in Taiwan, and we expect that this is the first of many.”

Guava is a fully integrated suite of front to back office treasury and wholesale banking applications, which provides users with effective straight through processing. The suite of products cover dealing (including pricing of financial products, portfolio analysis and deal capture), risk management (including limit management, computation of Value at Risk and compliance reporting) operations (including confirmations and settlement), accounting and reporting (both for MIS and regulatory reporting).

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