Evergreen Group Announces Management Changes

July 5, 2007

Taiwan-based Evergreen Group announced management changes. Capt. S.Y. Kuo has been promoted to Second Vice Group Chairman of the entire Evergreen Group based in Taipei. Most recently, Captain Kuo has been Vice Group Chairman overseeing all Evergreen Group business in the Americas. He will relocate to Group headquarters in Taipei.

Marcel Chang has been promoted to Vice Group Chairman of Evergreen Group from Chairman of Evergreen Shipping Agency (America) Corp. (EGA), succeeding Captain Kuo. He will be responsible for supervising all Evergreen Group affiliate business in the Americas.

Thomas Chen has been named Chairman of Evergreen Shipping Agency (America)Corp. (EGA) from President, succeeding Marcel Chang. He also joined Evergreen in Taipei in 1974 and held top positions in Asia and in the United States in his 33-year career with the carrier. He has been EGA President since 2000. Mr. Chang and Mr. Chen will remain at EGA's U. S. head office in Jersey City, NJ.

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